0001558370-18-008956.txt : 20181108 0001558370-18-008956.hdr.sgml : 20181108 20181108132252 ACCESSION NUMBER: 0001558370-18-008956 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 80 CONFORMED PERIOD OF REPORT: 20180930 FILED AS OF DATE: 20181108 DATE AS OF CHANGE: 20181108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sterling Real Estate Trust CENTRAL INDEX KEY: 0001412502 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 900115411 STATE OF INCORPORATION: ND FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-54295 FILM NUMBER: 181169112 BUSINESS ADDRESS: STREET 1: 1711 GOLD DRIVE S STREET 2: SUITE 100 CITY: FARGO STATE: ND ZIP: 58103 BUSINESS PHONE: 701-353-2720 MAIL ADDRESS: STREET 1: 1711 GOLD DRIVE S STREET 2: SUITE 100 CITY: FARGO STATE: ND ZIP: 58103 FORMER COMPANY: FORMER CONFORMED NAME: INREIT Real Estate Investment Trust DATE OF NAME CHANGE: 20070917 10-Q 1 sret-20180930x10q.htm 10-Q sret_10Q_for_Q2_Q3

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

FORM 10-Q

 


☒ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

For the Quarterly Period Ended September 30, 2018

 

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: 000-54295

 

Sterling Real Estate Trust

d/b/a Sterling Multifamily Trust

(Exact name of registrant as specified in its charter)

 

North Dakota

90-0115411

(State or other jurisdiction of incorporation or organization)

(I.R.S. Employer Identification No.)

 

 

1711 Gold Drive South, Suite 100, Fargo, North Dakota

58103

(Address of principal executive offices)

(Zip Code)

 

(701) 353-2720

(Registrant’s telephone number, including area code)

 

(Former name, former address and formal 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.  Yes ☒    No ☐

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or such shorter period that the registrant was required to submit such files).  Yes ☒    No ☐

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

 

 

Large accelerated filer

Accelerated filer

Non-accelerated filer

Smaller reporting company

Emerging growth company

 

 

 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    

 

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

 

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.

 

 

 

 

Class

 

Outstanding at November 5, 2018

Common Shares of Beneficial Interest,
$0.01 par value per share

 

8,978,507

 

 

 


 

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

 

INDEX

 

Page

 

No.

 

 

PART I.  FINANCIAL INFORMATION 

 

 

 

Item 1.  Financial Statements (unaudited):

3

Consolidated Balance Sheets – as of September 30, 2018 and December 31, 2017  

3

Consolidated Statements of Operations and Other Comprehensive Income – Three and nine months ended September 30, 2018 and 2017 

4

Consolidated Statement of Shareholders’ Equity – Nine months ended September 30, 2018 

5

Consolidated Statements of Cash Flows –  Nine months ended September 30, 2018 and 2017  

6

Notes to Consolidated Financial Statements 

8

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

34

Item 3.  Quantitative and Qualitative Disclosures About Market Risk 

49

Item 4.  Controls and Procedures 

49

 

 

PART II.  OTHER INFORMATION 

 

 

 

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

50

Item 6.  Exhibits 

51

Signatures 

52

 

 

 


 

PART I – FINANCIAL INFORMATION

 

Item 1.  Financial Statements

 

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

as of September 30, 2018 (UNAUDITED) and December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

    

2018

    

2017

 

 

(in thousands)

ASSETS

 

 

 

 

 

 

Real estate investments, net

 

$

643,540

 

$

648,677

Cash and cash equivalents

 

 

16,297

 

 

12,490

Restricted deposits

 

 

14,811

 

 

8,063

Investment in unconsolidated affiliates

 

 

2,765

 

 

2,772

Due from related party

 

 

47

 

 

 3

Receivables

 

 

4,110

 

 

5,113

Prepaid expenses

 

 

1,141

 

 

482

Financing and lease costs, less accumulated amortization of $1,981 in 2018 and $1,943 in 2017

 

 

742

 

 

737

Lease intangible assets, less accumulated amortization of $13,389 in 2018 and $12,932 in 2017

 

 

11,536

 

 

13,263

Other assets

 

 

1,312

 

 

 5

 

 

 

 

 

 

 

Total Assets

 

$

696,301

 

$

691,605

 

 

 

 

 

 

 

LIABILITIES

 

 

 

 

 

 

Mortgage notes payable, net

 

$

393,477

 

$

394,843

Special assessments payable

 

 

622

 

 

518

Dividends payable

 

 

6,718

 

 

6,436

Due to related party

 

 

466

 

 

366

Tenant security deposits payable

 

 

4,072

 

 

4,038

Subordinated debt

 

 

175

 

 

175

Lease intangible liabilities, less accumulated amortization of $1,549 in 2018 and $1,386 in 2017

 

 

1,540

 

 

1,776

Accounts payable - trade

 

 

1,398

 

 

486

Retainage payable

 

 

 —

 

 

16

Fair value of interest rate swaps

 

 

33

 

 

65

Deferred insurance proceeds

 

 

35

 

 

1,216

Accrued expenses and other liabilities

 

 

9,775

 

 

7,895

Total Liabilities

 

 

418,311

 

 

417,830

 

 

 

 

 

 

 

COMMITMENTS and CONTINGENCIES - Note 15

 

 

 

 

 

 

 

 

 

 

 

 

 

SHAREHOLDERS' EQUITY

 

 

 

 

 

 

Beneficial interest

 

 

96,252

 

 

90,816

Noncontrolling interest

 

 

 

 

 

 

Operating partnership

 

 

179,195

 

 

179,844

Partially owned properties

 

 

2,576

 

 

3,180

Accumulated other comprehensive loss

 

 

(33)

 

 

(65)

Total Shareholders' Equity

 

 

277,990

 

 

273,775

 

 

 

 

 

 

 

 

 

$

696,301

 

$

691,605

 

See Notes to Consolidated Financial Statements

 

 

 

 

3


 

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME

FOR THE THREE AND NINE MONTHS ENDED September 30, 2018 and 2017 (UNAUDITED)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

September 30,

 

September 30,

 

2018

    

2017

    

2018

    

2017

 

(in thousands, except per share data)

 

(in thousands, except per share data)

Income from rental operations

 

 

 

Real estate rental income

$

27,790

 

$

27,088

 

$

83,175

 

$

80,606

Tenant reimbursements

 

1,464

 

 

1,567

 

 

4,597

 

 

4,592

 

 

29,254

 

 

28,655

 

 

87,772

 

 

85,198

Expenses

 

 

 

 

 

 

 

 

 

 

 

Expenses from rental operations

 

 

 

 

 

 

 

 

 

 

 

Interest

 

4,557

 

 

4,690

 

 

13,632

 

 

13,938

Depreciation and amortization

 

5,274

 

 

5,427

 

 

15,907

 

 

16,170

Real estate taxes

 

2,889

 

 

3,186

 

 

8,633

 

 

8,389

Property management

 

3,361

 

 

3,137

 

 

10,541

 

 

9,163

Utilities

 

1,960

 

 

1,918

 

 

6,965

 

 

6,463

Repairs and maintenance

 

5,599

 

 

6,170

 

 

15,793

 

 

16,103

Insurance

 

590

 

 

376

 

 

1,693

 

 

1,112

Loss on lease terminations

 

 —

 

 

 —

 

 

 —

 

 

146

 

 

24,230

 

 

24,904

 

 

73,164

 

 

71,484

Administration of REIT

 

 

 

 

 

 

 

 

 

 

 

Administrative expenses

 

154

 

 

61

 

 

361

 

 

290

Advisory fees

 

727

 

 

714

 

 

2,167

 

 

2,114

Acquisition and disposition expenses

 

434

 

 

 —

 

 

583

 

 

1,375

Trustee fees

 

19

 

 

12

 

 

53

 

 

44

Legal and accounting

 

126

 

 

98

 

 

539

 

 

385

 

 

1,460

 

 

885

 

 

3,703

 

 

4,208

Total expenses

 

25,690

 

 

25,789

 

 

76,867

 

 

75,692

Income from operations

 

3,564

 

 

2,866

 

 

10,905

 

 

9,506

Other income (expense)

 

 

 

 

 

 

 

 

 

 

 

Equity in income of unconsolidated affiliates

 

161

 

 

373

 

 

445

 

 

743

Other income

 

45

 

 

20

 

 

206

 

 

70

Gain (loss) on sale of real estate and non-real estate investments

 

3,214

 

 

(3)

 

 

4,298

 

 

2,049

Gain on change in control of real estate investments

 

 —

 

 

 —

 

 

 —

 

 

2,186

Gain on sale of investment in equity method investee

 

 —

 

 

 —

 

 

 —

 

 

 3

Gain on involuntary conversion

 

100

 

 

 —

 

 

1,467

 

 

189

 

 

3,520

 

 

390

 

 

6,416

 

 

5,240

Net income

$

7,084

 

$

3,256

 

$

17,321

 

$

14,746

Net income (loss) attributable to noncontrolling interest:

 

 

 

 

 

 

 

 

 

 

 

Operating Partnership

 

4,739

 

 

2,264

 

 

11,651

 

 

10,147

Partially owned properties

 

(34)

 

 

(90)

 

 

(127)

 

 

(222)

Net income attributable to Sterling Real Estate Trust

$

2,379

 

$

1,082

 

$

5,797

 

$

4,821

 

 

 

 

 

 

 

 

 

 

 

 

Net income per common share, basic and diluted

$

0.27

 

$

0.13

 

$

0.66

 

$

0.59

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive income:

 

 

 

 

 

 

 

 

 

 

 

Net income

$

7,084

 

$

3,256

 

$

17,321

 

$

14,746

Other comprehensive gain - change in fair value of interest rate swaps

 

 8

 

 

17

 

 

32

 

 

57

Comprehensive income

 

7,092

 

 

3,273

 

 

17,353

 

 

14,803

Comprehensive income attributable to noncontrolling interest

 

4,710

 

 

2,185

 

 

11,546

 

 

9,964

Comprehensive income attributable to Sterling Real Estate Trust

$

2,382

 

$

1,088

 

$

5,807

 

$

4,839

 

See Notes to Consolidated Financial Statements

 

4


 

 

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF SHAREHOLDERS’ EQUITY 

FOR THE NINE MONTHS ENDED September 30, 2018 (UNAUDITED)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated

 

 

 

Noncontrolling

 

 

 

 

 

 

 

 

 

 

 

 

Distributions

 

Total

 

Interest

 

Accumulated

 

 

 

 

 

Common

 

Paid-in

 

in Excess of

 

Beneficial

 

Operating

 

Partially Owned

 

Comprehensive

 

 

 

 

    

Shares

    

Capital

    

Earnings

    

Interest

    

Partnership

    

Properties

    

Income (Loss)

    

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands)

BALANCE AT DECEMBER 31, 2017

 

8,488

 

$

113,995

 

$

(23,179)

 

$

90,816

 

$

179,844

 

$

3,180

 

$

(65)

 

$

273,775

Shares issued pursuant to trustee compensation plan

 

 3

 

 

57

 

 

 

 

 

57

 

 

 

 

 

 

 

 

 

 

 

57

Contribution of assets in exchange for the issuance of noncontrolling interest shares

 

 

 

 

 

 

 

 

 

 

 

 

 

2,176

 

 

 —

 

 

 

 

 

2,176

Shares/units redeemed

 

(63)

 

 

(1,099)

 

 

 

 

 

(1,099)

 

 

(1,068)

 

 

 —

 

 

 

 

 

(2,167)

Dividends declared

 

 

 

 

 

 

 

(6,655)

 

 

(6,655)

 

 

(13,408)

 

 

 —

 

 

 

 

 

(20,063)

Dividends reinvested - stock dividend

 

243

 

 

4,256

 

 

 

 

 

4,256

 

 

 

 

 

 

 

 

 

 

 

4,256

Issuance of shares under optional purchase plan

 

166

 

 

3,080

 

 

 

 

 

3,080

 

 

 

 

 

 

 

 

 

 

 

3,080

Change in fair value of interest rate swaps

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

32

 

 

32

Distributions paid to consolidated real estate entity noncontrolling interests

 

 

 

 

 

 

 

 

 

 

 

 

 

 —

 

 

(477)

 

 

 

 

 

(477)

Net income

 

 

 

 

 

 

 

5,797

 

 

5,797

 

 

11,651

 

 

(127)

 

 

 

 

 

17,321

BALANCE AT SEPTEMBER 30, 2018

 

8,837

 

$

120,289

 

$

(24,037)

 

$

96,252

 

$

179,195

 

$

2,576

 

$

(33)

 

$

277,990

 

See Notes to Consolidated Financial Statements

 

 

5


 

 

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE NINE MONTHS ENDED September 30, 2018 and 2017 (UNAUDITED)

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

September 30,

 

    

2018

    

2017

 

 

(in thousands)

OPERATING ACTIVITIES

 

 

 

 

 

 

Net income

 

$

17,321

 

$

14,746

Adjustments to reconcile net income to net cash from operating activities

 

 

 

 

 

 

Gain on sale of real estate investments

 

 

(4,298)

 

 

(2,072)

Loss on sale of non-real estate investments

 

 

 —

 

 

23

(Gain) on change in control of real estate investment

 

 

 —

 

 

(2,186)

Gain on involuntary conversion

 

 

(1,467)

 

 

(189)

Loss on lease terminations

 

 

 —

 

 

146

Equity in income of unconsolidated affiliates

 

 

(445)

 

 

(743)

Distributions of earnings of unconsolidated affiliates

 

 

445

 

 

80

Allowance for uncollectible accounts receivable

 

 

(567)

 

 

 —

Depreciation

 

 

14,267

 

 

14,270

Amortization

 

 

1,590

 

 

1,855

Amortization of debt issuance costs

 

 

523

 

 

561

Effects on operating cash flows due to changes in

 

 

 

 

 

 

Due from related party

 

 

(44)

 

 

32

Receivables

 

 

751

 

 

(81)

Prepaid expenses

 

 

(659)

 

 

(430)

Other assets

 

 

(1,307)

 

 

24

Due to related party

 

 

157

 

 

(532)

Tenant security deposits payable

 

 

(1)

 

 

176

Accounts payable - trade

 

 

876

 

 

(96)

Accrued expenses and other liabilities

 

 

1,209

 

 

1,707

NET CASH PROVIDED BY OPERATING ACTIVITIES

 

 

28,351

 

 

27,291

INVESTING ACTIVITIES

 

 

 

 

 

 

Purchase of real estate investment properties

 

 

(6,079)

 

 

(7,913)

Capital expenditures and tenant improvements

 

 

(8,639)

 

 

(9,122)

Proceeds from sale of real estate investments and non-real estate investments

 

 

13,052

 

 

4,442

Proceeds from involuntary conversion

 

 

1,111

 

 

1,937

Investment in unconsolidated affiliates

 

 

(81)

 

 

(294)

Distributions in excess of earnings received from unconsolidated affiliates

 

 

88

 

 

743

Notes receivable payments received

 

 

 —

 

 

642

NET CASH USED IN INVESTING ACTIVITIES

 

 

(548)

 

 

(9,565)

FINANCING ACTIVITIES

 

 

 

 

 

 

Payments for financing, debt issuance and lease costs

 

 

(272)

 

 

(442)

Principal payments on special assessments payable

 

 

(141)

 

 

(420)

Proceeds from issuance of mortgage notes payable and subordinated debt

 

 

10,281

 

 

23,916

Principal payments on mortgage notes payable

 

 

(12,028)

 

 

(16,632)

Advances on lines of credit

 

 

3,811

 

 

 —

Payments on lines of credit

 

 

(3,811)

 

 

 —

Proceeds from issuance of shares under optional purchase plan

 

 

3,080

 

 

2,192

Shares/units redeemed

 

 

(2,167)

 

 

(1,530)

Dividends/distributions paid

 

 

(16,001)

 

 

(15,195)

NET CASH USED IN FINANCING ACTIVITIES

 

 

(17,248)

 

 

(8,111)

NET CHANGE IN CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITS

 

 

10,555

 

 

9,615

CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT BEGINNING OF PERIOD

 

 

20,553

 

 

19,270

CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT END OF PERIOD

 

$

31,108

 

$

28,885

 

 

 

 

 

 

 

CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT END OF PERIOD

 

 

 

 

 

 

Cash and cash equivalents

 

$

16,297

 

$

20,991

Restricted deposits

 

 

14,811

 

 

7,894

TOTAL CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITS, END OF PERIOD

 

$

31,108

 

$

28,885

 

See Notes to Consolidated Financial Statements

6


 

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE NINE MONTHS ENDED September 30, 2018 and 2017 (UNAUDITED) (Continued)

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

September 30,

 

    

2018

    

2017

 

 

(in thousands)

SCHEDULE OF CASH FLOW INFORMATION

 

 

 

 

 

Cash paid during the period for interest, net of capitalized interest

 

$

13,648

 

$

13,954

 

 

 

 

 

 

 

SUPPLEMENTARY SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES

 

 

 

 

 

 

Dividends reinvested

 

$

4,256

 

$

3,836

Dividends declared and not paid

 

 

2,248

 

 

2,067

UPREIT distributions declared and not paid

 

 

4,470

 

 

4,336

UPREIT units converted to REIT common shares

 

 

 —

 

 

133

Shares issued pursuant to trustee compensation plan

 

 

57

 

 

59

Acquisition of assets in exchange for the issuance of noncontrolling interest units in UPREIT

 

 

2,176

 

 

14,378

Increase in land improvements due to increase in special assessments payable

 

 

399

 

 

1,141

Unrealized gain on interest rate swaps

 

 

32

 

 

57

Acquisition of assets with new financing

 

 

 —

 

 

3,264

Acquisition of assets through assumption of debt and liabilities

 

 

71

 

 

1,367

Capitalized interest and real estate taxes related to construction in progress

 

 

108

 

 

126

Acquisition of assets with accounts payable

 

 

215

 

 

572

 

See Notes to Consolidated Financial Statements

 

 

7


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

Note 1 - Organization

 

Sterling Real Estate Trust (“Sterling”, “the Trust” or “the Company”) is a registered, but unincorporated business trust organized in North Dakota in November 2002.  Sterling has elected to be taxed as a Real Estate Investment Trust (“REIT”) under Sections 856-860 of the Internal Revenue Code, which requires that 75% of the assets of a REIT must consist of real estate assets and that 75% of its gross income must be derived from real estate. The net income of the REIT is allocated in accordance with the stock ownership in the same fashion as a regular corporation. 

 

Sterling previously established an operating partnership (“Sterling Properties, LLLP”) and transferred all of its assets and liabilities to the operating partnership in exchange for general partnership units. As the general partner, Sterling has management responsibility for all activities of the operating partnership. As of September 30, 2018 and December 31, 2017, Sterling owned approximately 33.46% and 32.64%, respectively, of the operating partnership.

 

NOTE 2 – PRINCIPAL ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES

 

Basis of Presentation

 

The accompanying consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the year ended December 31, 2017, which have previously been filed with the Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been omitted from this report on Form 10-Q pursuant to the rules and regulations of the SEC.

 

The results for the interim periods shown in this report are not necessarily indicative of future financial results. The accompanying consolidated balance sheet as of September 30, 2018 and consolidated statements of operations and other comprehensive income, consolidated statement of shareholders’ equity, and consolidated statements of cash flows for the three and nine months ended September 30, 2018 and 2017, as applicable, have not been audited by our independent registered public accounting firm. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments necessary to present fairly our consolidated financial statements as of and for the three and nine months ended September 30, 2018. These adjustments are of a normal recurring nature.

 

Principles of Consolidation

 

The consolidated financial statements include the accounts of Sterling,  Sterling Properties, LLLP, and wholly-owned limited liability companies. All significant intercompany transactions and balances have been eliminated in consolidation.

 

Additionally, we evaluate the need to consolidate affiliates based on standards set forth in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 810, Consolidation (“ASC 810”).  In determining whether we have a requirement to consolidate the accounts of an entity, management considers factors such as our ownership interest, our authority to make decisions and contractual and substantive participating rights of the limited partners and shareholders, as well as whether the entity is a variable interest entity (“VIE”) for which we have both: a) the power to direct the activities of the VIE that most significantly impact the entity’s economic performance, and b) the obligation to absorb losses or the right to receive benefits from the VIE that could be potentially significant to the VIE.

 

 

8


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

Principal Business Activity

 

Sterling currently owns directly and indirectly 167 properties.  The Trust’s 119 residential properties are located in North Dakota, Minnesota, Missouri and Nebraska and are principally multifamily apartment buildings.  The Trust owns 48 commercial properties primarily located in North Dakota with others located in Arkansas, Colorado, Iowa, Louisiana, Michigan, Minnesota, Mississippi, Nebraska and Wisconsin. The commercial properties include retail, office, industrial, restaurant and medical properties.  Presently, the Trust’s mix of properties is 72.2% residential and 27.8% commercial (based on cost) and total $643,540 in real estate investments at September 30, 2018. Sterling’s current acquisition strategy and focus is on multifamily apartment properties.  We currently have no plans to actively market our existing commercial properties for sale.  We will consider unsolicited offers for purchase of non-multifamily properties on a case by case basis.

 

 

 

 

 

 

 

 

Residential Property

    

Location

    

No. of Properties

    

Units

 

 

North Dakota

 

100

 

5,963

 

 

Minnesota

 

16

 

3,033

 

 

Missouri

 

1

 

164

 

 

Nebraska

 

2

 

322

 

 

 

 

119

 

9,482

 

 

 

 

 

 

 

Commercial Property

    

Location

    

No. of Properties

    

Sq. Ft

 

 

North Dakota

 

20

 

780,000

 

 

Arkansas

 

2

 

29,000

 

 

Colorado

 

1

 

13,000

 

 

Iowa

 

1

 

33,000

 

 

Louisiana

 

1

 

15,000

 

 

Michigan

 

1

 

12,000

 

 

Minnesota

 

15

 

650,000

 

 

Mississippi

 

1

 

15,000

 

 

Nebraska

 

1

 

16,000

 

 

Wisconsin

 

5

 

63,000

 

 

 

 

48

 

1,626,000

 

 

Concentration of Credit Risk

 

Our cash balances are maintained in various bank deposit accounts. The bank deposit amounts in these accounts may exceed federally insured limits at various times throughout the year.

 

Use of Estimates

 

The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 

Real Estate Investments

 

Real estate investments are recorded at cost less accumulated depreciation.  Ordinary repairs and maintenance are expensed as incurred. 

9


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

The Company elected to early adopt ASU 2017-01, Business Combinations, on a prospective basis as of July 1, 2017. This guidance clarifies the definition of a business and provides a screen to determine when an integrated set of assets and activities is not  considered a business and, thus, accounted for as an asset acquisition as opposed to a business combination. Under this guidance, the Company expects most acquisitions of investment property will meet this screen and, thus, be accounted for as asset acquisitions. The Company allocates the purchase price of each acquired investment property that is accounted for as an asset acquisition based upon the relative fair value of the individual assets acquired and liabilities assumed, which generally include (i) land, (ii) building and other improvements, (iii) in-place lease value intangibles, (iv) acquired above and below market lease intangibles, (v) any assumed financing that is determined to be above or below market and (vi) the value of customer relationships. Asset acquisitions do not give rise to goodwill and the related transaction costs are capitalized and included with the allocated purchase price.  Acquisitions executed prior to our adoption of ASU 2017-01 as of July 1, 2017 were accounted for as business combinations. Transaction costs related to acquisitions accounted for as business combinations were expensed as incurred and included within “Administration of REIT expenses” in the accompanying consolidated statements of operations and other comprehensive income.

 

For tangible assets acquired, including land, building and other improvements, the Company considers available comparable market and industry information in estimating acquisition date fair value. Key factors considered in the calculation of fair value of both real property and intangible assets include the current market rent values, “dark” periods (building in vacant status), direct costs estimated with obtaining a new tenant, discount rates, escalation factors, standard lease terms, and tenant improvement costs. The Company allocates a portion of the purchase price to the estimated acquired in-place lease value intangibles based on factors available in third party appraisals or cash flow estimates of the property prepared by our internal analysis.  These estimates are based upon cash flow projections for the property, existing leases, lease origination costs for similar leases as well as lost rental payments during an assumed lease-up period. The Company also evaluates each acquired lease as compared to current market rates. If an acquired lease is determined to be above or below market, the Company allocates a portion of the purchase price to such above or below market leases based upon the present value of the difference between the contractual lease payments and estimated market rent payments over the remaining lease term. Renewal periods are included within the lease term in the calculation of above and below market lease values if, based upon factors known at the acquisition date, market participants would consider it reasonably assured that the lessee would exercise such options. Fair value estimates used in acquisition accounting, including the discount rate used, require the Company to consider various factors, including, but not limited to, market knowledge, demographics, age and physical condition of the property, geographic location, and size and location of tenant spaces within the acquired investment property.

 

The portion of the purchase price allocated to acquired in-place lease value intangibles is amortized on a straight-line basis over the life of the related lease as amortization expense. The Company incurred amortization expense pertaining to acquired in-place lease value intangibles of $473 and $546 for the three months ended September 30, 2018 and 2017, respectively and $1,516 and $1,709 for the nine months ended September 30, 2018 and 2017, respectively.

 

The portion of the purchase price allocated to acquired above and below market lease intangibles is amortized on a straight-line basis over the life of the related lease as an adjustment to real estate rental income. Amortization pertaining to above market lease intangibles of $55 and $56 for the three months ended September 30, 2018 and 2017, respectively, was recorded as a reduction to real estate rental income. Amortization pertaining to below market lease intangibles of $68 and $70 for the three months ended September 30, 2018 and 2017, respectively, was recorded as an increase to real estate rental income.  Amortization pertaining to above market lease intangibles of $166 and $169 for the nine months ended September 30, 2018 and 2017, respectively, was recorded as a reduction to real estate rental income. Amortization pertaining to below market lease intangibles of $208 and $214 for the nine months ended September 30, 2018 and 2017, respectively, was recorded as an increase to real estate rental income.

 

10


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

Furniture and fixtures are stated at cost less accumulated depreciation. Expenditures for renewals and improvements that significantly add to the productive capacity or extend the useful life of an asset are capitalized. Expenditures for routine maintenance and repairs, which do not add to the value or extend useful lives, are charged to expense as incurred.

 

Depreciation is provided for over the estimated useful lives of the individual assets using the straight-line method over the following estimated useful lives:

 

 

 

 

 

Buildings and improvements

    

40 years

Furniture, fixtures and equipment

 

5-9 years

 

Depreciation expense for the three months ended September 30, 2018 and 2017 totaled $4,761 and $4,816, respectively. Depreciation expense for the nine months ended September 30, 2018 and 2017 totaled $14,267 and $14,270, respectively.

 

The Company’s investment properties are reviewed for potential impairment at the end of each reporting period whenever events or changes in circumstances indicate that the carrying value may not be recoverable. At the end of each reporting period, the Company separately determines whether impairment indicators exist for each property. 

 

Examples of situations considered to be impairment indicators include, but are not limited to:

 

·

a substantial decline or continued low occupancy rate;

·

continued difficulty in leasing space;

·

significant financially troubled tenants;

·

a change in plan to sell a property prior to the end of its useful life or holding period;

·

a significant decrease in market price not in line with general market trends; and

·

any other quantitative or qualitative events or factors deemed significant by the Company’s management or board of trustees.

 

If the presence of one or more impairment indicators as described above is identified at the end of the reporting period or throughout the year with respect to an investment property, the asset is tested for recoverability by comparing its carrying value to the estimated future undiscounted cash flows.  An investment property is considered to be impaired when the estimated future undiscounted cash flows are less than its current carrying value.  When performing a test for recoverability or estimating the fair value of an impaired investment property, the Company makes complex or subjective assumptions which include, but are not limited to:

 

·

projected operating cash flows considering factors such as vacancy rates, rental rates, lease terms, tenant financial strength, demographics, holding period and property location;

·

projected capital expenditures and lease origination costs;

·

projected cash flows from the eventual disposition of an operating property using a property specific capitalization rate;

·

comparable selling prices; and

·

property specific discount rates for fair value estimates as necessary.

 

To the extent impairment has occurred, the Company will record an impairment charge calculated as the excess of the carrying value of the asset over its fair value for impairment of investment properties.  Based on evaluation, there were no impairment losses during the nine months ended September 30, 2018 and 2017. 

 

 

11


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

Properties Held for Sale

 

We account for our properties held for sale in accordance with ASC 360, Property, Plant and Equipment (“ASC 360”), which addresses financial accounting and reporting in a period in which a component or group of components of an entity either has been disposed of or is classified as held for sale. 

 

In accordance with ASC 360, at such time as a property is held for sale, such property is carried at the lower of: (1) its carrying amount, or (2) fair value less costs to sell.  In addition, a property being held for sale ceases to be depreciated.  We classify operating properties as properties held for sale in the period in which all of the following criteria are met:

 

·

management, having the authority to approve the action, commits to a plan to sell the asset;

·

the asset is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets;

·

an active program to locate a buyer and other actions required to complete the plan to sell the asset has been initiated;

·

the sale of the asset is probable and the transfer of the asset is expected to qualify for recognition as a completed sale within one year;

·

the asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and

·

given the actions required to complete the plan to sell the asset, it is unlikely that significant changes to the plan would be made or that the plan would be withdrawn.

 

The results of operations of a component of an entity that either has been disposed of or is classified as held-for-sale under the requirements of ASC 360 shall be reported in discontinued operations in accordance with ASC 205, Presentation of Financial Statements (“ASC 205”) if such disposal or classification represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results.

 

There were no properties classified as held for sale at September 30, 2018 or at December 31, 2017.  See Note 16.

 

Construction in Progress

 

The Company capitalizes direct and certain indirect project costs incurred during the development period such as construction, insurance, architectural, legal, interest and other financing costs, and real estate taxes.  At such time as the development is considered substantially complete, the capitalization of certain indirect costs such as real estate taxes and interest and financing costs cease and all project-related costs included in construction in process are reclassified to land and building and other improvements.

 

Cash, Cash Equivalents and Restricted Cash

 

We classify highly liquid investments with a maturity of three months or less when purchased as cash equivalents. Restricted cash includes funds escrowed for tenant security deposits, real estate tax, insurance and mortgage escrows and escrow deposits required by lenders on certain properties to be used for future building renovations or tenant improvements and potential Internal Revenue Code Section 1031 tax deferred exchanges (1031 Exchange).

 

Investment in Unconsolidated Affiliates

 

We account for unconsolidated affiliates using the equity method of accounting per guidance established under ASC 323, Investments – Equity Method and Joint Ventures (“ASC 323”). The equity method of accounting requires the investment to be initially recorded at cost and subsequently adjusted for our share of equity in the affiliates’ earnings, contributions

12


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

and distributions. We evaluate the carrying amount of the investments for impairment in accordance with ASC 323. Unconsolidated affiliates are reviewed for potential impairment if the carrying amount of the investment exceeds its fair value. An impairment charge is recorded when an impairment is deemed to be other-than-temporary. To determine whether impairment is other-than-temporary, we consider whether we have the ability and intent to hold the investment until the carrying amount is fully recovered. The evaluation of an investment in an affiliate for potential impairment can require our management to exercise significant judgments. No impairment losses were recorded related to the unconsolidated affiliates for the nine months ended September 30, 2018 and 2017.  

 

We use the equity method to account for investments that qualify as variable interest entities where we are not the primary beneficiary and entities that we do not control or where we do not own a majority of the economic interest but have the ability to exercise significant influence over the operations and financial policies of the investee.  We will also use the equity method for investments that do not qualify as variable interest entities and do not meet the control requirements for consolidation, as defined in ASC 810.  For a joint venture accounted for under the equity method, our share of net earnings and losses is reflected in income when earned and distributions are credited against our investment in the joint venture as received.

 

In determining whether an investment in a limited liability company or tenant in common is a variable interest entity, we consider: the form of our ownership interest and legal structure; the size of our investment; the financing structure of the entity, including the necessity of subordinated debt; estimates of future cash flows; our and our partner’s ability to participate in the decision making related to acquisitions, dispositions, budgeting and financing on the entity; and obligation to absorb losses and preferential returns.  As of September 30, 2018, our tenant in common arrangements do not qualify as variable interest entities and do not meet the control requirements for consolidation, as defined in ASC 810.

 

As of September 30, 2018 and December 31, 2017, the unconsolidated affiliates held total assets of $23,313 and $23,466 and mortgage notes payable of $17,189 and $17,470, respectively.

 

The operating partnership is a 50% owner of a retail center as a tenant in common through 100% ownership in a limited liability company.  The retail center has approximately 183,000 square feet of commercial space in Grand Forks, North Dakota. The property is encumbered by a non-recourse first mortgage with a balance at September 30, 2018 and December 31, 2017 of $10,537 and $10,692, respectively. The Company is jointly and severally liable for the full mortgage balance.

 

The operating partnership owns a 66.67% interest as tenant in common in an office building with approximately 75,000 square feet of commercial rental space in Fargo, North Dakota. The property is encumbered by a first mortgage with a balance at September 30, 2018 and December 31, 2017 of $6,652 and $6,778, respectively. The Company is jointly and severally liable for the full mortgage balance.

 

Receivables

 

Receivables consist primarily of amounts due for rent. Accounts receivable are carried at original amounts billed less an estimate made for doubtful accounts based on a review of outstanding amounts on a quarterly basis and reflect management’s best estimate of the amounts that will not be collected.  Accounts receivable are written off when collection efforts have been exhausted and they are deemed uncollectible.  Recoveries, if any, of receivables previously written off are recorded when received.  The receivables are non-interest bearing and are unsecured. As of September 30, 2018, management’s estimate of uncollectible accounts receivable was $567. As of December 31, 2017, management determined no allowance was necessary for uncollectible receivables. 

 

13


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

Financing and Lease Costs

 

Financing costs have been capitalized and are being amortized over the life of the financing (line of credit) using the effective interest method.  Unamortized financing costs are written off when debt is retired before the maturity date and included in interest expense at that time. 

 

Lease costs incurred in connection with new leases have been capitalized and are being amortized over the life of the lease using the straight-line method. We record the amortization of leasing costs in depreciation and amortization on the consolidated statements of operations and comprehensive income. If an applicable lease terminates prior to the expiration of its initial lease term, we write off the carrying amount of the costs to amortization expense.

 

Debt Issuance Costs

 

We amortize external debt issuance costs using the effective interest rate method, over the estimated life of the related debt. We record debt issuance costs related to notes and mortgage notes, net of amortization, on our consolidated balance sheets as an offset to their related debt. We record debt issuance costs related to revolving lines of credit on our consolidated balance sheets as financing fees, regardless of whether a balance on the line of credit is outstanding. We record the amortization of all debt issuance costs as interest expense.

 

Lease Intangible Assets

 

Lease intangibles are a purchase price allocation recorded on property acquisition. The lease intangibles represent the estimated value of in-place leases, tenant relationships and the value of leases with above or below market lease terms. Lease intangibles are amortized over the term of the related lease.

 

The carrying amount of intangible assets is regularly reviewed for indicators of impairments in value. Impairment is recognized only if the carrying amount of the intangible asset is considered to be unrecoverable from its undiscounted cash flows and is measured as the difference between the carrying amount and the estimated fair value of the asset. Based on the review, management determined no impairment charges were necessary at September 30, 2018 and December 31, 2017.

 

Noncontrolling Interest

 

A noncontrolling interest in a subsidiary (minority interest) is in most cases an ownership interest in the consolidated entity that should be reported as equity in the consolidated financial statements and separate from the parent company’s equity.  In addition, consolidated net income is required to be reported at amounts that include the amounts attributable to both the parent and the noncontrolling interest and the amount of consolidated net income attributable to the parent and the noncontrolling interest are required to be disclosed on the face of the consolidated statements of operations and comprehensive income. 

 

Operating Partnership: Interests in the operating partnership held by limited partners are represented by operating partnership units.  The operating partnership’s income is allocated to holders of units based upon the ratio of their holdings to the total units outstanding during the period. Capital contributions, distributions, syndication costs, and profits and losses are allocated to noncontrolling interests in accordance with the terms of the operating partnership agreement.

 

Partially Owned Properties: The Company reflects noncontrolling interests in partially owned properties on the balance sheet for the portion of properties consolidated by the Company that are not wholly owned by the Company.  The earnings

14


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

or losses from those properties attributable to the noncontrolling interests are reflected as noncontrolling interests in partially owned properties in the consolidated statement of operations and comprehensive income.

 

Syndication Costs

 

Syndication costs consist of costs paid to attorneys, accountants, and selling agents, related to the raising of capital. Syndication costs are recorded as a reduction to beneficial and noncontrolling interest.

 

Federal Income Taxes

 

We have elected to be taxed as a REIT under the Internal Revenue Code, as amended. A REIT calculates taxable income similar to other domestic corporations, with the major difference being a REIT is entitled to a deduction for dividends paid. A REIT is generally required to distribute each year at least 90% of its taxable income. If it chooses to retain the remaining 10% of taxable income, it may do so, but it will be subject to a corporate tax on such income. REIT shareholders are taxed on REIT distributions of ordinary income in the same manner as they are taxed on other corporate distributions.

 

We intend to continue to qualify as a REIT and, provided we maintain such status, will not be taxed on the portion of the income that is distributed to shareholders. In addition, we intend to distribute all of our taxable income; therefore, no provisions or liabilities for income taxes have been recorded in the financial statements.

 

Sterling conducts its business activity as an Umbrella Partnership Real Estate Investment Trust (“UPREIT”) through its Operating Partnership – Sterling Properties, LLLP.  The Operating Partnership is organized as a limited liability limited partnership. Income or loss is allocated to the partners in accordance with the provisions of the Internal Revenue Code 704(b) and 704(c). UPREIT status allows non-recognition of gain by an owner of appreciated real estate if that owner contributes the real estate to a partnership in exchange for a partnership interest. The conversion of a partnership interest to shares of beneficial interest in the REIT will be a taxable event to the limited partner.

 

We follow ASC Topic 740, Income Taxes, to recognize, measure, present and disclose in our consolidated financial statements uncertain tax positions that we have taken or expect to take on a tax return. As of September 30, 2018 and December 31, 2017 we did not have any liabilities for uncertain tax positions that we believe should be recognized in our consolidated financial statements. We are no longer subject to Federal and State tax examinations by tax authorities for years before 2015.

 

The operating partnership has elected to record related interest and penalties, if any, as income tax expense on the consolidated statements of operations and other comprehensive income.

 

Revenue Recognition

 

We derive over 95% of our revenues from tenant rents and other tenant-related activities. We lease multifamily units under operating leases with terms of one year or less. Rental income and other property revenues are recorded when due from tenants and recognized monthly as earned pursuant to the terms of the underlying leases.  Other property revenues consist primarily of laundry, application and other fees charged to tenants. 

 

We lease commercial space primarily under long-term lease agreements. Commercial tenant rents include base rents, expense reimbursements (such as common area maintenance, real estate taxes and utilities), and a straight-line rent adjustment. We record base rents on a straight-line basis. The monthly base rent income according to the terms of our leases is adjusted so that an average monthly rent is recorded for each tenant over the term of its lease. The straight-line rent adjustment increased revenue by $17 and $59 for the three months ended September 30, 2018 and 2017, respectively.

15


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

The straight-line rent adjustment increased revenue by $87 and $186 for the nine months ended September 30, 2018 and 2017, respectively. The straight-line receivable balance included in receivables on the consolidated balance sheets as of September 30, 2018 and December 31, 2017 was $3,363 and $3,586, respectively. We receive payments for expense reimbursements from substantially all our multi-tenant commercial tenants throughout the year based on estimates. Differences between estimated recoveries and the final billed amounts, which generally are immaterial, are recognized in the subsequent year.

 

Earnings per Common Share

 

Basic earnings per common share is computed by dividing net income available to common shareholders (the “numerator”) by the weighted average number of common shares outstanding (the “denominator”) during the period. Sterling had no dilutive potential common shares as of September 30, 2018 and 2017, and therefore, basic earnings per common share was equal to diluted earnings per common share for both periods.

 

For the three months ended September 30, 2018 and 2017, Sterling’s denominators for the basic and diluted earnings per common share were approximately 8,840,000 and 8,356,000, respectively. For the nine months ended September 30, 2018 and 2017, Sterling’s denominators for the basic and diluted earnings per common share were approximately 8,730,000 and 8,234,000, respectively.

 

Reclassifications

 

Certain reclassifications considered necessary for a fair presentation have been made to the prior period financial statements in order to conform to the current year presentation.  These reclassifications have not changed the results of operations or equity.

 

Recent Accounting Pronouncements 

 

In May 2014, the FASB and International Accounting Standards Board issued their final standard on revenue from contracts with customers, which was issued by the FASB as Accounting Standards Update 2014-09, Revenue from Contracts with Customers, or ASU 2014-09. ASU 2014-09, which establishes a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers, supersedes most current GAAP applicable to revenue recognition and converges U.S. and international accounting standards in this area. The core principle of the new guidance is that revenue shall only be recognized when an entity has transferred control of goods or services to a customer and for an amount reflecting the consideration to which the entity expects to be entitled for such exchange. Additionally, lease contracts are specifically excluded from ASU 2014-09. In July 2015, the FASB decided to defer the effective date for annual reporting periods beginning after December 15, 2017.  Early adoption is permitted beginning on the original effective date of periods beginning after December 15, 2016. Upon adoption, ASU 2014-09 allows for full retrospective adoption applied to all periods presented or modified retrospective adoption with the cumulative effect of initially applying the standard recognized at the date of initial application. We have performed a review of the requirements of the new guidance and have identified which of our revenue streams will be within the scope of ASU 2014-09.  We have completed an adoption plan which included a review of transactions supporting each revenue stream to determine the impact of accounting treatment under ASU 2014-09, an evaluation of the method of adoption and assessing changes that might be necessary to information technology systems, processes and internal controls to capture new data and address changes in financial reporting. We adopted this standard effective as of January 1, 2018 and have concluded that the adoption of this guidance did not have an impact on our financial position or results of operations. We concluded this standard will have an impact on the disclosure of gain/loss on sale of real estate investments upon the adoption of the update ASU 2014-09, but will not have an impact on “total real estate rental income.”

 

16


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which amends existing accounting standards for lease accounting, including by requiring lessees to recognize most leases on the balance sheet and making certain changes to lessor accounting. The standard will take effect for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018 with earlier application permitted. In January 2018, the FASB released an exposure draft to ASU No. 2016-02 that if issued in its current form would (1) simplify transition requirements for both lessees and lessors by adding an option that would permit an organization to apply the transition provisions of the new standard at its adoption date instead of at the earliest comparative period presented in its financial statements and, (2) provide a practical expedient for lessors that would permit lessors to not be required to separate nonlease components from the associated lease components if certain conditions are met. The Company is evaluating the impact of ASU No. 2016-02 on its financial position and results of operations. 

 

In November 2016, the FASB issued ASU No. 2016-18 to require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents will be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. ASU 2016-18 was effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years and early adoption was permitted. The pronouncement requires a retrospective transition method of adoption. We adopted this standard effective January 1, 2018. Upon adoption, the Company included amounts generally described as restricted cash within the beginning-of-period, change and end-of-period total amounts on the statement of cash flows rather than within an activity on the statement of cash flows.

 

In August 2016, the FASB issued ASU No. 2016-15 to provide guidance for areas where there is diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. We adopted this standard effective January 1, 2018 and have concluded that the adoption of this guidance did not have an impact on our financial position or results of operations, since the cumulative earnings approach for distributions received from equity method investees would continue to be utilized.

 

17


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

The new standards must be applied retrospectively to all periods presented in the financial statements.  The Company adopted the new standard effective January 1, 2018 and will continue to apply the cumulative earnings approach for distributions received from equity method investees.  While overall cash flows did not change, there were changes between cash flow classifications due primarily to restricted deposits.  As of September 30, 2017, the following cash flows were reclassified:

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

September 30, 2017

 

 

 

As Originally

 

 

Reclassification

 

 

As Presented

 

    

Presented

    

Adjustments

    

Herein

 

 

(in thousands)

Cash Flows from Operating Activities:

 

 

 

 

 

 

 

 

 

Restricted deposits - tenant security deposits

 

$

(150)

 

$

150

 

$

 —

Restricted deposits - real estate tax and insurance escrow

 

$

577

 

$

(577)

 

$

 —

Net cash provided by operating activities

 

$

27,718

 

$

(427)

 

$

27,291

 

 

 

 

 

 

 

 

 

 

Cash Flows from Investing Activities

 

 

 

 

 

 

 

 

 

Restricted deposits - exchange escrow

 

$

(4,328)

 

$

4,328

 

$

 —

Restricted deposits - replacement reserves

 

$

(952)

 

$

952

 

$

 —

Purchase of real estate investment properties

 

$

(3,718)

 

$

(4,195)

 

$

(7,913)

Net cash provided by Investing activities

 

$

(10,650)

 

$

1,085

 

$

(9,565)

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents, beginning of period

 

$

12,034

 

 

 

 

 

 

(adjustments for restricted deposits, beginning of period)

 

 

 

 

$

7,236

 

 

 

Cash and cash equivalents and restricted deposits, beginning of period

 

 

 

 

 

 

 

$

19,270

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents, end of period

 

$

20,991

 

 

 

 

 

 

(adjustments for restricted deposits, end of period)

 

 

 

 

$

7,894

 

 

 

Cash and cash equivalents and restricted deposits, end of period

 

 

 

 

 

 

 

$

28,885

 

Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying Consolidated Financial Statements. 

 

NOTE 3 – segment reporting

 

We report our results in two reportable segments: residential and commercial properties. Our residential properties include multifamily properties. Our commercial properties include retail, office, industrial, restaurant and medical properties. We assess and measure operating results based on net operating income (“NOI”), which we define as total real estate segment revenues less real estate expenses (which consist of real estate taxes, property management fees, utilities, repairs and maintenance, insurance and direct administrative costs). We believe NOI is an important measure of operating performance even though it should not be considered an alternative to net income or cash flow from operating activities. NOI is unaffected by financing, depreciation, amortization and certain general and administrative expenses.  The accounting policies of each segment are consistent with those described in Note 2 of this report.

 

18


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

Segment Revenues and Net Operating Income

 

The revenues and net operating income for the reportable segments (residential and commercial) are summarized as follows for the three and nine months ended September 30, 2018 and 2017, along with reconciliations to the consolidated financial statements. Segment assets are also reconciled to Total Assets as reported in the consolidated financial statements.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended  September 30, 2018

 

Three months ended  September 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Residential

    

Commercial

    

Total

    

Residential

    

Commercial

    

Total

 

 

(in thousands)

 

(in thousands)

Income from rental operations

 

$

22,627

 

$

6,627

 

$

29,254

 

$

21,863

 

$

6,792

 

$

28,655

Expenses from rental operations

 

 

12,436

 

 

1,963

 

 

14,399

 

 

12,764

 

 

2,023

 

 

14,787

Net operating income

 

$

10,191

 

$

4,664

 

$

14,855

 

$

9,099

 

$

4,769

 

$

13,868

Interest

 

 

 

 

 

 

 

 

4,557

 

 

 

 

 

 

 

 

4,690

Depreciation and amortization

 

 

 

 

 

 

 

 

5,274

 

 

 

 

 

 

 

 

5,427

Administration of REIT

 

 

 

 

 

 

 

 

1,460

 

 

 

 

 

 

 

 

885

Other (income)/expense

 

 

 

 

 

 

 

 

(3,520)

 

 

 

 

 

 

 

 

(390)

Net income

 

 

 

 

 

 

 

$

7,084

 

 

 

 

 

 

 

$

3,256

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended September 30, 2018

 

Nine months ended September 30, 2017

 

    

Residential

    

Commercial

    

Total

    

Residential

    

Commercial

    

Total

 

 

(in thousands)

 

(in thousands)

Income from rental operations

 

$

67,621

 

$

20,151

 

$

87,772

 

$

64,579

 

$

20,619

 

$

85,198

Expenses from rental operations

 

 

38,032

 

 

5,593

 

 

43,625

 

 

35,630

 

 

5,600

 

 

41,230

Net operating income

 

$

29,589

 

$

14,558

 

$

44,147

 

$

28,949

 

$

15,019

 

$

43,968

Interest

 

 

 

 

 

 

 

 

13,632

 

 

 

 

 

 

 

 

13,938

Depreciation and amortization

 

 

 

 

 

 

 

 

15,907

 

 

 

 

 

 

 

 

16,170

Administration of REIT

 

 

 

 

 

 

 

 

3,703

 

 

 

 

 

 

 

 

4,208

Loss on lease terminations

 

 

 

 

 

 

 

 

 —

 

 

 

 

 

 

 

 

146

Other (income)/expense

 

 

 

 

 

 

 

 

(6,416)

 

 

 

 

 

 

 

 

(5,240)

Net income

 

 

 

 

 

 

 

$

17,321

 

 

 

 

 

 

 

$

14,746

 

Segment Assets and Accumulated Depreciation

 

 

 

 

 

 

 

 

 

 

 

As of September 30, 2018

    

Residential

    

Commercial

    

Total

 

 

(in thousands)

Real estate investments

 

$

571,187

 

$

195,609

 

$

766,796

Accumulated depreciation

 

 

(86,570)

 

 

(36,686)

 

 

(123,256)

 

 

$

484,617

 

$

158,923

 

 

643,540

Cash and cash equivalents

 

 

 

 

 

 

 

 

16,297

Restricted deposits and funded reserves

 

 

 

 

 

 

 

 

14,811

Investment in unconsolidated affiliates

 

 

 

 

 

 

 

 

2,765

Receivables and other assets

 

 

 

 

 

 

 

 

6,610

Financing and lease costs, less accumulated amortization

 

 

 

 

 

 

 

 

742

Intangible assets, less accumulated amortization

 

 

 

 

 

 

 

 

11,536

Total Assets

 

 

 

 

 

 

 

$

696,301

 

19


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2017

    

Residential

    

Commercial

    

Total

 

 

(in thousands)

Real estate investments

 

$

557,309

 

$

202,394

 

$

759,703

Accumulated depreciation

 

 

(76,404)

 

 

(34,622)

 

 

(111,026)

 

 

$

480,905

 

$

167,772

 

 

648,677

Cash and cash equivalents

 

 

 

 

 

 

 

 

12,490

Restricted deposits and funded reserves

 

 

 

 

 

 

 

 

8,063

Investment in unconsolidated affiliates

 

 

 

 

 

 

 

 

2,772

Receivables and other assets

 

 

 

 

 

 

 

 

5,603

Financing and lease costs, less accumulated amortization

 

 

 

 

 

 

 

 

737

Intangible assets, less accumulated amortization

 

 

 

 

 

 

 

 

13,263

Total Assets

 

 

 

 

 

 

 

$

691,605

 

 

 

note 4 – real estate investments

 

 

 

 

 

 

 

 

 

 

 

As of September 30, 2018

    

Residential

    

Commercial

    

Total

 

 

(in thousands)

Land and land improvements

 

$

73,794

 

$

37,727

 

$

111,521

Building and improvements

 

 

470,141

 

 

156,245

 

 

626,386

Furniture, fixtures and equipment

 

 

25,737

 

 

1,466

 

 

27,203

Construction in progress

 

 

1,515

 

 

171

 

 

1,686

 

 

 

571,187

 

 

195,609

 

 

766,796

Less accumulated depreciation

 

 

(86,570)

 

 

(36,686)

 

 

(123,256)

 

 

$

484,617

 

$

158,923

 

$

643,540

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2017

    

Residential

    

Commercial

    

Total

 

 

(in thousands)

Land and land improvements

 

$

73,109

 

$

37,841

 

$

110,950

Building and improvements

 

 

457,443

 

 

163,087

 

 

620,530

Furniture, fixtures and equipment

 

 

25,381

 

 

1,466

 

 

26,847

Construction in progress

 

 

1,376

 

 

 —

 

 

1,376

 

 

 

557,309

 

 

202,394

 

 

759,703

Less accumulated depreciation

 

 

(76,404)

 

 

(34,622)

 

 

(111,026)

 

 

$

480,905

 

$

167,772

 

$

648,677

 

Construction in progress as of September 30, 2018 consists primarily of development and planning costs associated with phase III of a multifamily apartment community under construction in Bismarck, North Dakota.  Phase I and II of the Bismarck development are complete and Phase III is still in the planning stages and construction has not yet commenced. 

   

 

 

 

20


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

NOTE 5 - Lease intangibles

 

The following table summarizes the net value of other intangible assets and liabilities and the accumulated amortization for each class of intangible:

 

 

 

 

 

 

 

 

 

 

 

 

Lease

 

Accumulated

 

Lease

As of September 30, 2018

    

Intangibles

    

Amortization

    

Intangibles, net

Lease Intangible Assets

 

(in thousands)

In-place leases

 

$

21,684

 

$

(12,122)

 

$

9,562

Above-market leases

 

 

3,241

 

 

(1,267)

 

 

1,974

 

 

$

24,925

 

$

(13,389)

 

$

11,536

Lease Intangible Liabilities

 

 

 

 

 

 

 

 

 

Below-market leases

 

$

(3,089)

 

$

1,549

 

$

(1,540)

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease

 

Accumulated

 

Lease

As of December 31, 2017

    

Intangibles

    

Amortization

    

Intangibles, net

Lease Intangible Assets

 

(in thousands)

In-place leases

 

$

23,080

 

$

(11,797)

 

$

11,283

Above-market leases

 

 

3,115

 

 

(1,135)

 

 

1,980

 

 

$

26,195

 

$

(12,932)

 

$

13,263

Lease Intangible Liabilities

 

 

 

 

 

 

 

 

 

Below-market leases

 

$

(3,162)

 

$

1,386

 

$

(1,776)

 

 

The estimated aggregate amortization expense for each of the five succeeding fiscal years and thereafter is as follows:

 

 

 

 

 

 

 

 

 

Intangible

 

Intangible

Years ending December 31,

    

Assets

    

Liabilities

 

 

(in thousands)

2018 (October 1, 2018 to December 31, 2018)

 

$

515

 

$

68

2019

 

 

1,884

 

 

264

2020

 

 

1,459

 

 

213

2021

 

 

1,163

 

 

184

2022

 

 

1,028

 

 

164

Thereafter

 

 

5,487

 

 

647

 

 

$

11,536

 

$

1,540

 

The weighted average amortization period for the intangible assets, in-place leases, above-market leases, and below-market leases acquired as of September 30, 2018 was 6.6 years.

 

NOTE 6 – LINES OF CREDIT

 

We have a $18,300 variable rate (1-month LIBOR plus 2.25%) line of credit agreement with Wells Fargo Bank, which expires in June 2021; a $6,315 variable rate (prime rate less 0.5%)  line of credit agreement with Bremer Bank, which expires in November 2019; a $5,000 variable rate (floating LIBOR plus 2.00%) line of credit agreement with Bremer Bank, which expires June 2022; and a $3,200 variable rate (LIBOR plus 2.04%)  line of credit agreement with Bank of the West, which expires November 2020. The lines of credit are secured by properties in Duluth, Edina, Moorhead and St. Cloud, Minnesota; and Bismarck, Dickinson, Grand Forks and Fargo, North Dakota. At September 30, 2018, there was no balance outstanding on the lines of credit, leaving $32,815 available and unused under the agreements. 

 

21


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

Certain line of credit agreements includes covenants that, in part, impose maintenance of certain debt service coverage and debt to net worth ratios.  As of September 30, 2018, we were in compliance with all covenants.

 

NOTE 7 - MORTGAGE NOTES PAYABLE

 

The following table summarizes the Company’s mortgage notes payable. 

 

 

 

 

 

 

 

 

 

Principal Balance At

 

 

September 30,

 

December 31,

 

 

2018

 

2017

 

 

(in thousands)

Fixed rate mortgage notes payable (a)

 

$

395,820

 

$

397,567

Less unamortized debt issuance costs

 

 

2,343

 

 

2,724

 

 

$

393,477

 

$

394,843


(a)

Includes $877 and $913 of variable rate mortgage debt that was swapped to a fixed rate at September 30, 2018 and December 31, 2017, respectively.

 

As of September 30, 2018, we had 121 mortgage loans with effective interest rates ranging from 3.44% to 7.25% per annum and a weighted average effective interest rate of 4.41% per annum.

 

As of December 31, 2017, we had 122 mortgage loans with effective interest rates ranging from 3.44% to 7.25% per annum, and a weighted average effective interest rate of 4.39% per annum.

 

The majority of the Company’s mortgages payable require monthly payments of principal and interest. Certain mortgages require reserves for real estate taxes and certain other costs.  Mortgages are secured by the respective properties, assignment of rents, business assets, deeds to secure debt, deeds of trust and/or cash deposits.

 

 

Certain mortgage note agreements include covenants that, in part, impose maintenance of certain debt service coverage and debt to net worth ratios. As of September 30, 2018, we were in compliance with all covenants. 

 

We are required to make the following principal payments on our outstanding mortgage notes payable for each of the five succeeding fiscal years and thereafter as follows:

 

 

 

 

 

Years ending December 31,

    

Amount

 

 

(in thousands)

2018 (October 1, 2018 to December 31, 2018)

 

$

5,079

2019

 

 

25,513

2020

 

 

28,201

2021

 

 

46,148

2022

 

 

31,399

Thereafter

 

 

259,480

Total payments

 

$

395,820

 

 

 

NOTE 8 – HEDGING ACTIVITIES

 

As part of our interest rate risk management strategy, we have used derivative instruments to minimize significant unanticipated earnings fluctuations that may arise from rising variable interest rate costs associated with existing

22


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

borrowings. To meet these objectives, we entered into an interest rate swap in the notional amount of $1,294 to provide a fixed rate of 7.25% that matures in April 2020.  The swap was issued at approximate market terms and thus no fair value adjustment was recorded at inception.

 

The carrying amount of the swap has been adjusted to its fair value at the end of the quarter, which because of changes in forecasted levels of LIBOR, resulted in reporting a liability for the fair value of the future net payments forecasted under the swaps.  The interest rate swap is accounted for as an effective hedge in accordance with ASC 815-20 whereby it is recorded at fair value and changes in fair value are recorded to accumulated comprehensive income. As of September 30, 2018 and December 31, 2017, we recorded a liability and other accumulated comprehensive loss of $33 and $65, respectively.

 

 

 

 

 

NOTE 9 - FAIR VALUE MEASUREMENT 

 

The following table presents the carrying value and estimated fair value of the Company’s financial instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2018

 

December 31, 2017

 

 

Carrying

 

 

 

 

Carrying

 

 

 

 

    

Value

    

Fair Value

    

Value

    

Fair Value

 

 

(in thousands)

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage notes payable, net

 

$

393,477

 

$

385,109

 

$

394,843

 

$

396,261

Fair value of interest rate swaps

 

$

33

 

$

33

 

$

65

 

$

65

 

The carrying values shown in the table are included in the consolidated balance sheets under the indicated captions.

ASC 820-10 established a three-level valuation hierarchy for fair value measurement.  Management uses these valuation techniques to establish the fair value of the assets at the measurement date.  These valuation techniques are based upon observable and unobservable inputs.  Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect management’s assumptions. 

 

These two types of inputs create the following fair value hierarchy:

 

·

Level 1 – Quoted prices for identical instruments in active markets;

·

Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose significant inputs are observable;

·

Level 3 – Instruments whose significant inputs are unobservable.

 

The guidance requires the use of observable market data, when available, in making fair value measurements. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement.

 

23


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

Recurring Fair Value Measurements

 

The following table presents the Company’s financial instruments, which are measured at fair value on a recurring basis, by the level in the fair value hierarchy within which those measurements fall. Methods and assumptions used to estimate the fair value of these instruments are described after the table.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Level 1

    

Level 2

    

Level 3

    

Total

 

 

(in thousands)

September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Fair value of interest rate swaps

 

$

 —

 

$

33

 

$

 —

 

$

33

December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Fair value of interest rate swaps

 

$

 —

 

$

65

 

$

 —

 

$

65

 

Fair value of interest rate swaps:  The fair value of interest rate swaps is determined using a discounted cash flow analysis on the expected future cash flows of the derivative. This analysis utilizes observable market data including forward yield curves and implied volatilities to determine the market’s expectation of the future cash flows of the variable component. The fixed and variable components of the derivative are then discounted using calculated discount factors developed based on the LIBOR swap rate and are aggregated to arrive at a single valuation for the period. The Company also incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements.

 

Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and its counterparties. However, as of September 30, 2018 and December 31, 2017, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation. As a result, the Company has determined that its derivative valuations in their entirety are classified within Level 2 of the fair value hierarchy. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered any applicable credit enhancements. The Company’s derivative instruments are further described in Note 8.

 

Fair Value Disclosures

 

The following table presents the Company’s financial assets and liabilities, which are measured at fair value for disclosure purposes, by the level in the fair value hierarchy within which they fall. Methods and assumptions used to estimate the fair value of these instruments are described after the table.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Level 1

    

Level 2

    

Level 3

    

Total

 

 

(in thousands)

September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage notes payable, net

 

$

 —

 

$

 —

 

$

385,109

 

$

385,109

December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage notes payable, net

 

$

 —

 

$

 —

 

$

396,261

 

$

396,261

 

Mortgage notes payable:  The Company estimates the fair value of its mortgage notes payable by discounting the future cash flows of each instrument at rates currently offered to the Company for similar debt instruments of comparable maturities by the Company’s lenders. Judgment is used in determining the appropriate rate for each of the Company’s individual mortgages and notes payable based upon the specific terms of the agreement, including the term to maturity, the quality and nature of the underlying property and its leverage ratio. The rates used range from 4.92% to 4.97% and

24


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

from 4.20% to 4.52% at September 30, 2018 and December 31, 2017, respectively. The fair value of the Company’s matured mortgage notes payable were determined to be equal to the carrying value of the properties because there is no market for similar debt instruments and the properties’ carrying value was determined to be the best estimate of fair value as of September 30, 2018 and December 31, 2017. The Company’s mortgage notes payable are further described in Note 7.

 

NOTE 10 – NONCONTROLLING INTEREST OF UNITHOLDERS IN OPERATING PARTNERSHIP

 

As of September 30, 2018 and December 31, 2017, outstanding limited partnership units totaled 17,574,000 and 17,517,000 respectively. For the three months ended September 30, 2018 and 2017, the operating partnership declared distributions of $4,470 and $4,336 respectively, to limited partners which were paid on October  15, 2018 and October 16, 2017, respectively.  Distributions per unit were $0.763125 and $0.7425 during the nine months ended September 30, 2018 and 2017, respectively.

 

During the nine months ended September 30, 2018, there were no limited partnership units exchanged for common shares pursuant to redemption requests.  During the nine months ended September 30, 2017, Sterling exchanged 8,000 common shares for 8,000 limited partnership units held by limited partners, pursuant to redemption requests. The aggregate value of these transactions was $133.

 

At the sole and absolute discretion of the limited partnership, and so long our redemption plans exist, and applicable holding periods are met, Limited Partners may request the operating partnership redeem their limited partnership units.  The operating partnership may choose to offer the Limited Partner: (i) cash for the redemption or, at the request of the Limited Partner, (2) offer shares in lieu of cash for the redemption on a basis of one limited partnership unit for one Sterling common share (the “Exchange Request”).  The Exchange Request shall be exercised pursuant to a Notice of Exchange.  If the issuance of Sterling common shares pursuant to an Exchange Request will cause the shareholder to exceed the ownership limitations, among other reasons, payment will be made to the Limited Partner in cash.  No Limited Partner may exercise an Exchange Request more than twice during any calendar year, and Exchange Requests may not be made for less than 1,000 limited partnership units.  If a Limited Partner owns fewer than 1,000 limited partnership units, all of the limited partnership units held by the Limited Partner must be exchanged pursuant to the Exchange Request.

 

NOTE 11 – REDEMPTION PLANS

 

Our Board of Trustees has approved redemption plans that enable our shareholders to sell their common shares and the partners of our operating partnership to sell their limited partnership units to us, after they have held the securities for at least one year and subject to other conditions and limitations described in the plans.

 

Our redemption plans currently provide that the maximum amount that can be redeemed under the plan is $35,000 worth of securities. Currently, the fixed redemption price is $17.50 per share or unit under the plans, which price became effective January 1, 2018.

 

We may redeem securities under the plans provided that the aggregate total has not been exceeded and we have sufficient funds to do so. The plans will terminate in the event the shares become listed on any national securities exchange, the subject of bona fide quotes on any inter-dealer quotation system or electronic communications network or are the subject of bona fide quotes in the pink sheets. Additionally, the Board, in its sole discretion, may terminate, amend or suspend the redemption plans, either or both of them, if it determines to do so in its sole discretion.

 

25


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

During the nine months ended September 30, 2018 and 2017, the Company redeemed 63,000 and 41,000 common shares valued at $1,099 and $634.  In addition, during the nine months ended September 30, 2018 and 2017, the Company redeemed 61,000 and 58,000 units valued at $1,068 and $896.

 

NOTE 12 – BENEFICIAL INTEREST

 

We are authorized to issue 100,000,000 common shares of beneficial interest with $0.01 par value and 50,000,000 preferred shares with $0.01 par value, which collectively represent the entire beneficial interest of Sterling. As of September 30, 2018 and December 31, 2017, there were 8,837,000 and 8,488,000 common shares outstanding, respectively. We had no preferred shares outstanding as of either date.

 

Dividends paid to holders of common shares were $0.763125 per share and $0.7425 per share for the nine months ended September 30, 2018 and 2017, respectively.

 

 

NOTE 13 – DIVIDEND REINVESTMENT PLAN

 

Our Board of Trustees approved a dividend reinvestment plan to provide existing holders of our common shares with a method to purchase additional common shares without payment of brokerage commissions, fees or service charges. On July 20, 2012, we registered with the Securities Exchange Commission 2,000,000 common shares to be issued under the plan on Form S-3D, which automatically became effective on July 20, 2012.  On July 11, 2017, we registered with the Securities Exchange Commission an additional 2,000,000 common shares to be issued under the plan on Form S-3D, which automatically became effective on July 11, 2017. 

 

Under this plan, eligible shareholders may elect to have all or a portion (but not less than 25%) of the cash dividends they receive automatically reinvested in our common shares. If an eligible shareholder elects to reinvest cash dividends under the plan, the shareholder may also make additional optional cash purchases of our common shares, not to exceed $10 per fiscal quarter without our prior approval. The purchase price per common share under the plan equals 95% of the estimated value per common share for dividend reinvestments and equals 100% of the estimated value per common share for additional optional cash purchases, as determined by our Board of Trustees. In addition, eligible shareholders may not in any calendar year purchase or receive via transfer more than $40 additional optional cash purchases of Common Shares.  The estimated value per common share was $18.50 and $16.50 at September 30, 2018 and December 31, 2017, respectively. See discussion of determination of estimated value in Note 17. Therefore, the purchase price per common share for dividend reinvestments was $17.58 and $15.68 and for additional optional cash purchases was $18.50 and $16.50 at September 30, 2018 and December 31, 2017, respectively.

 

The Board, in its sole discretion, may amend, suspend or terminate the plan at any time, without the consent of shareholders, upon a ten-day notice to participants.

 

In the nine months ended September 30, 2018,  243,000 shares were issued pursuant to dividend reinvestments and 166,000 shares were issued pursuant to additional optional cash purchases under the plan.  In the nine months ended September 30, 2017,  247,000 shares were issued pursuant to dividend reinvestments and 134,000 shares were issued pursuant to additional optional cash purchases under the plan. 

 

NOTE 14 – RELATED PARTY TRANSACTIONS

 

Property Management Fees

 

During the nine months ended September 30, 2018 and 2017, we paid property management fees to GOLDMARK Property Management in an amount equal to 5% of rents of the properties managed by GOLDMARK. GOLDMARK Property

26


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

Management is owned in part by Kenneth Regan and James Wieland. For the nine months ended September 30, 2018 and 2017, we paid management fees of $8,934 and $8,510, respectively, to GOLDMARK Property Management.  In addition, during the nine months ended September 30, 2018 and 2017, we paid repair and maintenance related payroll and payroll related expenses to GOLDMARK Property Management totaling $3,921 and $3,808, respectively.

 

Board of Trustee Fees

 

We incurred Trustee fees of $53 and $44 during the nine months ended September 30, 2018 and 2017, respectively.  As of September 30, 2018, and December 31, 2017 we owed our Trustees $19 and $23 for unpaid board of trustee fees, respectively.  There is no cash retainer paid to Trustees.  Instead, we pay Trustees specific amounts for meetings attended. 

 

The plan provides:

 

 

 

 

 

   

 

Board Chairman – Board Meeting

    

 

105 shares/meeting

Trustee – Board Meeting

 

 

75 shares/meeting

Committee Chair – Committee Meeting

 

 

30 shares/meeting

Trustee – Committee Meeting

 

 

30 shares/meeting

 

Common shares earned in accordance with the plan are calculated on an annual basis.  Shares earned pursuant to the Trustee Compensation Plan are issued on or about July 15 for Trustees’ prior year of service.  Non-independent Trustees are not compensated for their service on the Board or Committees. 

 

Advisory Agreement

 

We are an externally managed trust and as such, although we have a Board of Trustees and executive officers responsible for our management, we have no paid employees. The following is a brief description of the current fees and compensation that may be received by the Advisor under the Advisory Agreement, which must be renewed on an annual basis and approved by a majority of the independent trustees. The Advisory Agreement was approved by the Board of Trustees (including all the independent Trustees) on March 29, 2018, effective January 1, 2018, and amended on June 21, 2018. 

 

Management Fee: 0.35% of our total assets (before depreciation and amortization), annually. Total assets are our gross assets (before depreciation and amortization) as reflected on our consolidated financial statements, taken as of the end of the fiscal quarter last preceding the date of computation. The management fee will be payable monthly in cash or our common shares, at the option of the Advisor, not to exceed one-twelfth of 0.35% of the total assets as of the last day of the immediately preceding month. The management fee calculation is subject to quarterly and annual reconciliations. The management fee may be deferred at the option of the Advisor, without interest.

 

Acquisition Fee: For its services in investigating and negotiating acquisitions of investments for us, the Advisor receives an acquisition fee of 2.5% of the purchase price of each property acquired, capped at $375 per acquisition. The total of all acquisition fees and acquisition expenses cannot exceed 6% of the purchase price of the investment, unless approved by a majority of the trustees, including a majority of the independent trustees, if they determine the transaction to be commercially competitive, fair and reasonable to us.

 

Disposition Fee: For its services in the effort to sell any investment for us, the Advisor receives a disposition fee of 2.5% of the sales price of each property disposition, capped at $375 per disposition.

 

27


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

Financing Fee: 0.25% of all amounts made available to us pursuant to any loan, refinance (excluding rate and/or term modifications of an existing loan with the same lender), line of credit or other credit facility. The finance fee shall be capped at $38 per loan, refinance, line of credit or other credit facility.

 

Development Fee: Based on regressive sliding scale (starting at 5% and declining to 3%) of total project costs, excluding cost of land, for development services requested by us.

 

 

 

 

 

 

 

 

 

Total Cost

 

Fee

 

Range of Fee

 

Formula

0 – 10M

 

5.0

%

 

0 –.5M

 

0M – 5.0% x (TC – 0M)

10M - 20M

 

4.5

%

 

.5 M – .95M

 

.50M – 4.5% x (TC – 10M)

20M – 30M

 

4.0

%

 

.95 M – 1.35M

 

.95M – 4.0% x (TC – 20M)

30M – 40M

 

3.5

%

 

1.35 M – 1.70M

 

1.35M – 3.5% x (TC – 30M)

40M – 50M

 

3.0

%

 

1.70 M – 2.00M

 

1.70M – 3.0% x (TC – 40M)

 

TC = Total Project Cost

 

Management Fees

 

During the nine months ended September 30, 2018 and 2017, we incurred advisory management fees of $2,167 and $2,114 with Sterling Management, LLC, our Advisor. As of September 30, 2018 and December 31, 2017, we owed our Advisor $244 and $238, respectively, for unpaid advisory management fees. These fees cover the office facilities, equipment, supplies, and staff required to manage our day-to-day operations.  During the nine months ended September 30, 2018 and 2017, we reimbursed the Advisor for operating costs totaling $23 and $11, respectively.  As of September 30, 2018, we owed our Advisor $6 for unpaid reimbursable operating costs.  There were no unpaid reimbursable operating costs owed to our Advisor as of December 31, 2017.

 

Acquisition Fees

 

During the nine months ended September 30, 2018 and 2017, we incurred acquisition fees of $205 and $655, respectively, with our Advisor. As of September 30, 2018, we owed our Advisor $91 for unpaid acquisition fees. There were no acquisition fees owed to our Advisor as of December 31, 2017.   

 

Financing Fees

 

During the nine months ended September 30, 2018 and 2017, we incurred financing fees of $61 and $97 with our Advisor for loan financing and refinancing activities. As of September 30, 2018, we owed our Advisor $8 for unpaid financing fees. There were no financing fees owed to our Advisor as of December 31, 2017. 

 

Disposition Fees

 

During the nine months ended September 30, 2018 and 2017, we incurred $130 and $110 in disposition fees with our Advisor, respectively. See Note 16. There were no disposition fees owed to our Advisor as of September 30, 2018 or December 31, 2017.

 

Development Fees

 

During the nine months ended September 30, 2018, there were no development fees incurred with our Advisor. During the nine months ended September 30, 2017, we incurred $235 in development fees incurred with our Advisor. As of both

28


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

September 30, 2018, and December 31, 2017, we owed our Advisor a total of $104 for unpaid development fees, of which the entire amount was for unpaid development fees as part of a 10% hold back.

 

Operating Partnership Units Issued in Connection with Acquisitions

 

During the nine months ended September 30, 2018, we issued directly or indirectly 42,000 operating partnership units to an entity affiliated with Messr. Regan, one of our trustees, in connection with the acquisition of a property. The aggregate value of these units was $773.  

 

During the nine months ended September 30, 2017, we issued directly or indirectly 402,000 operating partnership units to entities affiliated with Messrs. Regan and Wieland, two of our trustees, and Messr. Swenson, one of our former officers, in connection with the acquisition of various properties. The aggregate value of these units was $6,425.  

 

Commissions

 

During the nine months ended September 30, 2018, we incurred real estate commissions of $21 owed to GOLDMARK Commercial Real Estate Services, Inc. (f/k/a GOLDMARK SCHLOSSMAN Commercial Real Estate Services, Inc.) which is controlled by Messrs. Regan and Wieland.  During the nine months ended September 30, 2017, we incurred real estate commissions of $549 owed to GOLDMARK Commercial Real Estate Services, Inc. There were no outstanding commissions owed as of September 30, 2018 and December 31, 2017.

 

Rental Income

 

During the nine months ended September 30, 2018 and 2017, we received rental income of $37 and $34, respectively, under an operating lease agreement with our Advisor.

 

During the nine months ended September 30, 2018 and 2017, we received rental income of $41 and $41, respectively, under an operating lease agreement with GOLDMARK Commercial Real Estate Services, Inc.

 

During the nine months ended September 30, 2018 and 2017, we received rental income of $172 and $166, respectively, under operating lease agreements with GOLDMARK Property Management.

 

Construction Costs

 

There were no constructions costs incurred during the nine months ended September 30, 2018 to GOLDMARK Development, which is controlled by Messrs. Regan and Wieland.  As of December 31, 2017, we incurred total costs of $8,997 related to the construction of a clubhouse and six 6-plex two-story townhomes to GOLDMARK Development.    There was no retainage or unpaid construction fees owed to GOLDMARK Development as of  September 30, 2018 and December 31, 2017 and Phase II of the Bismarck, North Dakota development project was completed in August 2017.

 

 

NOTE 15 - COMMITMENTS AND CONTINGENCIES

 

Environmental Matters

 

Federal law (and the laws of some states in which we own or may acquire properties) imposes liability on a landowner for the presence on the premises of hazardous substances or wastes (as defined by present and future federal and state laws and regulations). This liability is without regard to fault or knowledge of the presence of such substances and may be

29


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

imposed jointly and severally upon all succeeding landowners. If such hazardous substance is discovered on a property acquired by us, we could incur liability for the removal of the substances and the cleanup of the property.

 

There can be no assurance that we would have effective remedies against prior owners of the property. In addition, we may be liable to tenants and may find it difficult or impossible to sell the property either prior to or following such a cleanup.

 

Risk of Uninsured Property Losses

 

We maintain property damage, fire loss, and liability insurance.  However, there are certain types of losses (generally of a catastrophic nature) which may be either uninsurable or not economically insurable. Such excluded risks may include war, earthquakes, tornados, certain environmental hazards, and floods. Should such events occur, (i) we might suffer a loss of capital invested, (ii) tenants may suffer losses and may be unable to pay rent for the spaces, and (iii) we may suffer a loss of profits which might be anticipated from one or more properties.

 

Litigation

 

The Company is subject, from time to time, to various legal proceedings and claims that arise in the ordinary course of business.  While the resolution of such matters cannot be predicted with certainty, management believes, based on currently available information, that the final outcome of such matters will not have a material effect on the financial statements of the Company.

 

NOTE 16 – DISPOSITIONS

 

During the nine months ended September 30, 2018, the operating partnership sold three properties.  We sold an industrial property located in Redwood Falls, Minnesota for $5,200 and recognized a gain of $1,084 in April 2018.  We sold a retail property located in Austin, Texas for $3,615 and recognized a gain of $1,452 in July 2018.   We sold one of two buildings included in an office property located in Bismarck, North Dakota for $4,250 and recognized a gain of $1,762 in July 2018.

 

 

 

 

 

NOTE 17 – ACQUISITIONS

 

The Company closed on the following acquisitions during the nine months ended September 30, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date

 

Property Name

 

Location

 

Property Type

 

 

Units/ Square Footage/ Acres

 

 

Acquisition Price

 

 

Prorata Acquisition Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3/1/18

 

Thunder Creek Apartments

 

Fargo, ND

 

Apartment complex

 

 

57 units

 

$

4,460

 

$

4,460

 

9/1/18

 

Chandler 1834

 

Grand Forks, ND

 

Apartment complex

 

 

12 units

 

 

630

 

 

630

 

9/17/18

 

Dairy Queen (a)

 

Apple Valley, MN

 

Retail building

 

 

5,348 sq. ft.

 

 

3,000

 

 

3,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

8,090

 

$

8,090

(b)

 

(a)

This property was acquired utilizing Internal Revenue Code 1031 tax-deferred exchange funds.

(b)

Acquisition price does not include capitalized costs and adjustments of $236.

 

Total consideration given for acquisitions through September 30, 2018 was completed through issuing approximately 118,000 limited partnership units of the operating partnership valued at $18.50 per unit for an aggregate consideration of approximately $2,176, 1031 tax-deferred exchange funds of $3,004, assumed liabilities of $71 and cash of $3,075. The

30


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

value of units issued in exchange for property is determined through a value established annually by our Board of Trustees and reflects the fair value at the time of issuance.

The Company closed on the following acquisitions during the nine months ended September 30, 2017:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date

 

Property Name

 

Location

 

Property Type

 

 

Units/ Square Footage/ Acres

 

 

Acquisition Price

 

 

Prorata Acquisition Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1/10/17

 

Sargent Apartments

 

Fargo, ND

 

Apartment complex

 

 

36 units

 

$

1,710

 

$

1,710

 

1/11/17

 

Arrowhead Apartments

 

Grand Forks, ND

 

Apartment complex

 

 

82 units

 

 

5,494

 

 

5,494

 

1/17/17

 

West Oak Apartments

 

Fargo, ND

 

Apartment complex

 

 

18 units

 

 

777

 

 

777

 

1/17/17

 

Carr Apartments

 

Fargo, ND

 

Apartment complex

 

 

18 units

 

 

828

 

 

828

 

5/1/17

 

Plumtree Apartments

 

Fargo, ND

 

Apartment complex

 

 

18 units

 

 

907

 

 

907

 

5/1/17

 

Sunchase Apartments

 

Fargo, ND

 

Apartment complex

 

 

36 units

 

 

1,765

 

 

1,765

 

6/1/17

 

Essex Apartments

 

Fargo, ND

 

Apartment complex

 

 

18 units

 

 

858

 

 

858

 

6/1/17

 

Jadestone Apartments

 

Fargo, ND

 

Apartment complex

 

 

18 units

 

 

809

 

 

809

 

6/1/17

 

Park Circle Apartments

 

Fargo, ND

 

Apartment complex

 

 

18 units

 

 

903

 

 

903

 

7/3/17

 

East Bridge Apartments (a)

 

Fargo, ND

 

Apartment complex

 

 

58 units

 

 

6,060

 

 

6,060

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

20,111

 

$

20,111

(b)

 

(a)

This property was acquired utilizing Internal Revenue Code 1031 tax-deferred exchange funds.

(b)

Acquisition price does not include capitalized costs and adjustments of $158.

 

 

   Total consideration given for acquisitions through September 30, 2017 was completed through issuing approximately 603,000 limited partnership units of the operating partnership valued at $16.00 per unit for an aggregate consideration of approximately $9,651, 1031 tax-deferred exchange funds of $4,278, new loans of $2,392, assumed liabilities of $72 and cash of $3,635. The value of units issued in exchange for property is determined through a value established annually by our Board of Trustees and reflects the fair value at the time of issuance.

 

In addition, as of May 1, 2017, the operating partnership acquired the remaining 59.74% ownership interest in a 144-unit property which was previously held as tenant in common. We estimated the property had a fair value of approximately $10,080.  The operating partnership assumed a loan of $1,295 and issued $4,727 of limited partnership units for a total purchase price of approximately $6,022.  The Company accounted for this as a business combination and recognized a gain on change in control of real estate investment of $2,186 in the second quarter of 2017 as a result of remeasuring the carrying value to fair value.  The total loan on this property was $2,167, thus in addition to the portion of the loan assumed from the other tenant in common, the Company also recorded an additional $872 in new financing related to this acquisition.

 

31


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

The following table summarizes the acquisition date fair values, before prorations, the Company recorded in conjunction with the acquisitions discussed above:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

 

 

 

 

 

 

September 30,

 

 

 

 

 

 

 

 

 

2018

 

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Land, building, tenant improvements and FF&E

 

 

 

 

 

$

8,326

 

$

20,111

 

 

Other liabilities

 

 

 

 

 

 

(71)

 

 

(72)

 

 

Net assets acquired

 

 

 

 

 

 

8,255

 

 

20,039

 

 

Equity/limited partnership unit consideration

 

 

 

 

 

 

(2,176)

 

 

(9,651)

 

 

Restricted cash proceeds related to IRC Section 1031 tax-deferred exchange

 

 

 

 

 

 

(3,004)

 

 

(4,278)

 

 

New loans

 

 

 

 

 

 

 -

 

 

(2,392)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash consideration

 

 

 

 

 

$

3,075

 

$

3,718

 

Estimated Value of Units/Shares

 

The Board of Trustees determined an estimate of fair value for the trust shares in the first nine months of 2018 and 2017.  In addition, the Board of Trustees, acting as general partner for the operating partnership, determined an estimate of fair value for the limited partnership units in the first nine months of 2018 and 2017.  In determining this value, the Board relied upon their experience with, and knowledge about, the Trust’s real estate portfolio and debt obligations.  The Board typically determines the share price on an annual basis. The trustees determine the price in their discretion and use data points to guide their determination which is typically based on a consensus of opinion. In addition, the Board considers how the price chosen will affect existing share and unit values, redemption prices, dividend coverage ratios, yield percentages, dividend reinvestment factors, and future UPREIT transactions, among other considerations and information.

 

The Board determined the fair value of the shares and limited partnership units to be $16.50 per share/unit effective March 29, 2017. The Board determined the fair value of the shares and limited partnership units to be $18.50 per share/unit effective January 1, 2018.

 

Determination of price is a matter within the Board’s sole discretion. The Trust does not determine price based on any rote formula or specific factors. At this time, no shares are held in street name accounts and the Trust is not subject to FINRA’s specific pricing requirements set out in Rule 2340 or otherwise. Thus, the Trust does not employ any specific valuation methodology or formula. Rather, the Board looks to available data and information, which is often adjusted and weighted to comport more closely with the assets held by the Trust at the time of valuation. The principal valuation methodology utilized is the NAV calculation/direct capitalization method. The information made available to the Board is assembled by the Trust’s Advisor.

 

As with any valuation methodology, the methodologies utilized by the Board in reaching an estimate of the value of the shares and limited partnership units are based upon a number of estimates, assumptions, judgments or opinions that may, or may not, prove to be correct.  The use of different estimates, assumptions, judgments, or opinions would likely have resulted in significantly different estimates of the value of the shares and limited partnership units.  In addition, the Board’s estimate of share and limited partnership unit value is not based on the book values of our real estate, as determined by GAAP, as our book value for most real estate is based on the amortized cost of the property, subject to certain adjustments.

 

Furthermore, in reaching an estimate of the value of the shares and limited partnership units, the Board applied a liquidity discount to one valuation scenario in order to reflect the fact that the shares and limited partnership units are not currently traded on a national securities exchange and did not consider: a discount for debt that may include a prepayment obligation

32


 

Table of Contents

STERLING REAL ESTATE TRUST AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2018 and 2017 (UNAUDITED)

(Dollar amounts in thousands, except share and per share data)

 

or a provision precluding assumption of the debt by a third party or the costs that are likely to be incurred in connection with an appropriate exit strategy, whether that strategy might be a listing of the limited partnership units or common shares on a national securities exchange or a merger or sale of our portfolio.

 

 

 

 

 

NOTE 18 - SUBSEQUENT EVENTS

 

On October 15, 2018, we paid a dividend or distribution of $0.254375 per share on our common shares of beneficial interest or limited partnership units, respectively, to common shareholders and limited partnership unit holders of record on September 30, 2018.  

 

On October 1, 2018, the operating partnership purchased a 30 unit apartment complex in Fargo, North Dakota for approximately $1,350.

 

On October 24, 2018, the operating partnership purchased a 96 unit apartment complex in Bismarck, North Dakota for approximately $5,826.

 

On November 1, 2018, the operating partnership purchased a 173 unit apartment complex in Omaha, Nebraska for approximately $11,170.

 

On November 1, 2018, the operating partnership purchased a 31 unit apartment complex in Fargo, North Dakota for approximately $1,054.

 

On November 1, 2018, the operating partnership purchased a 17 unit apartment complex in Fargo, North Dakota for approximately $714.

 

Pending acquisitions and dispositions are subject to numerous conditions and contingencies and there are no assurances that the transactions will be completed.

 

We have evaluated subsequent events through the date of this filing. We are not aware of any other subsequent events which would require recognition or disclosure in the consolidated financial statements.

 

 

 

33


 

All dollar amounts in this Form 10-Q in Part I Items 2. through 4 and Part II Items 2. are stated in thousands with the exception of share and per share amounts, unless otherwise indicated.

 

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

 

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

 

Certain statements contained in this section and elsewhere in this Form 10-Q constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  Such factors include but are not limited to: (i) trends affecting our financial condition or results of operations; (ii) our business and growth strategies; (iii) the real estate industry; (iv) our financing plans; and (v) other risks detailed in the Company’s periodic reports filed with the Securities and Exchange Commission.  The words “believe”, “expect”, “anticipate”, “may”, “plan”, “should”, and similar expressions identify forward-looking statements.  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made and are not guarantees of future performance.

 

Overview

 

We operate as an Umbrella Partnership Real Estate Investment Trust (UPREIT), which is a REIT that holds all or substantially all of its assets through a partnership which the REIT controls as general partner. Therefore, we hold all or substantially all of our assets through our operating partnership. We control the operating partnership as the sole general partner and own approximately 33.46% of the operating partnership as of September 30, 2018.  For purposes of satisfying the asset and income tests for qualification as a REIT for tax purposes, our proportionate shares of the assets and income of our operating partnership are deemed to be assets and income of the trust. 

 

We use this UPREIT structure to facilitate acquisitions of real estate properties. A sale of property directly to a REIT is generally a taxable transaction to the property seller. However, in an UPREIT structure, if a property seller exchanges the property with one of its operating partnerships in exchange for limited partnership units, the seller may defer taxation of gain in such exchange until the seller resells its limited partnership units or exchanges its limited partnership units for the REIT’s common stock. By offering the ability to defer taxation, we may gain a competitive advantage in acquiring desired properties over other buyers who cannot offer this benefit. In addition, investing in our operating partnership, rather than directly in Sterling, may be more attractive to certain institutional or other investors due to their business or tax structure. If an investor is interested in making a substantial investment in our operating partnership, our structure provides us the flexibility to accommodate different terms for each investment, while applicable tax laws generally restrict a REIT from charging different fee rates among its shareholders. Finally, if our shares become publicly traded, the former property seller may be able to achieve liquidity for the investment in order to pay taxes.

 

Operating Partnership

 

Our operating partnership, Sterling Properties, LLLP, was formed as a North Dakota limited liability limited partnership on April 25, 2003 to acquire, own and operate properties on our behalf. The operating partnership holds a diversified portfolio of multifamily and commercial properties located principally in the upper and central Midwest United States.

 

As of September 30, 2018, approximately 72.2% of our properties were apartment communities located primarily in North Dakota with others located in Minnesota, Missouri and Nebraska.  Most multifamily properties are leased to a variety of tenants under short‑term leases. 

 

As of September 30, 2018, approximately 27.8% of our properties were comprised of office, retail, industrial, restaurant and medical commercial property located primarily in North Dakota with others located in Arkansas, Colorado, Iowa, Louisiana, Michigan, Minnesota, Mississippi, Nebraska and Wisconsin.  We have both single and multi-tenant properties in the commercial portfolio, most of which are under long-term leases. 

34


 

Our real estate portfolio consisted of 167 properties containing 9,482 apartment units and approximately 1,626,000 square feet of leasable commercial space as of September 30, 2018.  The portfolio has a net book value of real estate investments (cost less accumulated depreciation) of approximately $643,540, which includes construction in progress. Sterling’s current acquisition strategy and focus is on multifamily apartment properties. 

 

Our Board of Trustees and Executive Officers

 

We operate under the direction of our Board of Trustees, the members of which are accountable to us and our shareholders. Our trustees are elected annually by our shareholders.  In addition, the Board has a duty to supervise our relationship with the Advisor and evaluates the performance of and fees paid to the Advisor on an annual basis. The Advisory Agreement was approved by the Board of Trustees (including all the independent trustees), effective January 1, 2018.  The agreement currently expires March 31, 2019.  Our Board of Trustees has provided investment guidance for the Advisor to follow and must approve each investment recommended by the Advisor. Currently, we have nine members on our board, seven of whom are independent.

 

Our Advisor

 

Our external Advisor is Sterling Management, LLC, a North Dakota limited liability company formed on November 14, 2002. Our Advisor, with an office in Fargo, North Dakota, is responsible for managing our day-to-day affairs and for identifying, acquiring and disposing investments on our behalf.

 

Conflicts of Interest

 

We are subject to various conflicts of interest arising out of our relationship with our trustees, executive officers, key personnel and our Advisor and its affiliates.  Some of the conflicts of interest in our transactions with our Advisor and others are described below.

 

Our trustees and officers and the officers and key personnel of our Advisor (herein individually and collectively our “Leadership”) may spend a portion of their time on activities unrelated to us, which may significantly reduce the amount of time to be spent by one or more of our Leadership on Sterling activities.  Each of our Leadership, including Messrs. Regan and Weiland, is currently expected to spend a significant portion of their time on our behalf, but may not always spend a majority of their time on our behalf.

 

One or more of our Leadership, including Messrs. Regan and Weiland, may also serve as trustees, directors, governors, members, officers or key personnel of other: (a) affiliated entities, including our Advisor; (b) real estate programs, real estate entities, or REITs; (c) advisors to other real estate programs, real estate entities or REITs; or (d) property managers to real estate programs, real estate entities or REITs (herein collectively “Other Real Estate Related Activities”).  In addition, from time to time, members of our Leadership may purchase real estate or interests in real estate for themselves, which may conflict with Sterling’s activities or objectives.   Leadership’s management of Other Real Estate Related Activities may significantly reduce the amount of time our Leadership is able to spend on Sterling related activities.  Given Leadership is or may become involved in Other Real Estate Related Activities, there may be times where Sterling’s fundraising, acquisition, disposition and liquidation activities overlap with similar activities of Leadership’s Other Real Estate Related Activities.   This overlap may cause conflicts of interest to arise with respect to, among other things, finding investors, locating and acquiring real estate investments, leasing activities and disposing of investments.  The conflicts of interest faced could generally cause our operating results to suffer.

 

Certain members of Leadership will have fiduciary duties relating to their Other Real Estate Related Activities.  These fiduciary duties may conflict with Leadership’s duties to Sterling and its shareholders.   Leadership’s Other Real Estate Related Activities could result in actions or inactions detrimental to Sterling, which could harm the implementation of Sterling’s business strategies and Sterling’s investments.  If Sterling does not successfully implement its business strategy, we may be unable to generate cash needed to pay dividends to shareholders and to maintain or increase the value of our assets. 

 

Conflicts with Sterling’s business and interests are most likely to arise from Leadership’s involvement in activities related to:  (a) allocation of new investments and management time and services between Sterling and Leadership’s Other

35


 

Real Estate Related Activities, (b) allocation of time and services between Sterling and Leadership’s Other Real Estate Related Activities; (c) Sterling’s purchase of properties from, or sale of properties to, affiliated entities, (d) the timing and terms of the investment in or sale of an asset, (e) development of our properties by affiliates, (f) investments with or activities of affiliates of our Advisor and (g) compensation to our Advisor.

 

To the extent Leadership engages in future Other Real Estate Related Activities, Sterling may compete for investors with such activities.  Any overlap of capital raising efforts of Other Real Estate Related Activities with Sterling’s capital raising efforts or other activities could adversely affect our ability to raise capital in the future and the amount of proceeds we have to spend on real estate investments.

 

Sterling may, in the future, purchase real estate investments at the same time as Leadership is purchasing real estate investments via Other Real Estate Related Activities.   As a result, Leadership may owe duties to both Sterling and the Other Real Estate Related Activities, their members and limited partners and these investors, which duties may from time to time conflict with the duties they owe to Sterling and its shareholders.

 

Leadership may engage for their own account in business activities of the types conducted or to be conducted by Sterling or our subsidiaries.  To the extent Leadership takes actions that are more favorable to other entities than to us, these actions could have a negative impact on Sterling’s financial performance and, consequently, on dividends to our shareholders and the value of our stock. 

 

Interests in Other Real Estate Programs

 

Leadership and entities owned by Leadership may, in the future, acquire real estate investments for their own accounts, and have done so in the past.  Furthermore, Leadership and entities owned or managed by Leadership may form additional real estate investment entities in the future, including additional REITs, which can be expected to have the same or similar investment objectives and policies as we do, and which may be involved in the same geographic areas.  Leadership is not obligated to present to us any particular investment opportunity that comes to their attention, unless such opportunity is of a character that might be suitable for investment by us.  Leadership likely will experience conflicts of interest as they simultaneously perform services for us and Other Real Estate Related Activities.

 

Any affiliated entity, whether or not currently existing, could compete with us in the purchase, sale or operation of real estate investments.  We will seek to achieve any operating efficiency or similar savings that may result from affiliated management of competitive investments.  However, to the extent that affiliates own or acquire an investment that is adjacent, or its underlying property is adjacent, or in close proximity, to a property we own, our property may compete with the affiliate’s property for tenants or purchasers.  Every transaction that we enter into with Leadership is subject to an inherent conflict of interest.  Leadership may encounter conflicts of interest in enforcing our rights against any affiliate in the event of a default by or disagreement with an affiliate or in invoking powers, rights or options pursuant to any agreement between us and our Advisor or any of its affiliates.

 

Other Activities of Our Advisor and Its Affiliates

 

We rely on our Advisor for the day-to-day operation of our business.  As a result of the current and/or future interests of Leadership in any other program and the fact that they also are engaged, or may continue to engage, in Other Real Estate Related Activities, Leadership has conflicts of interest in allocating their time between us and any other programs and other activities in which they are involved.  Our Advisor presently believes that it and its affiliates have sufficient personnel to discharge fully their responsibilities to all of the sponsored programs and other ventures in which they are or may become involved.

 

In addition, each of our executive officers also serves or may serve in the future as an officer of one or more affiliated entities, including our Advisor, and/or other affiliated entities.  As a result, these individuals owe or will owe fiduciary duties to these other entities, which may conflict with the fiduciary duties that they owe to us and our shareholders.

 

36


 

We may purchase real estate investments from affiliates of our Advisor.  The prices we pay to affiliates of our Advisor for these investments will not be the subject of arm’s-length negotiations, which could mean that the acquisitions may be on terms less favorable to us than those negotiated with unaffiliated parties. 

 

Competition in Acquiring, Leasing and Operating of Properties

 

Conflicts of interest will exist to the extent Sterling acquires, or seeks to acquire, properties in the same geographic areas where properties owned by Leadership or Leadership’s Other Real Estate Related Activities are located.  In such a case, a conflict could arise in the acquisition or leasing of properties if we and one of Leadership’s Other Real Estate Related Activities were to compete for the same properties or tenants in negotiating leases, or a conflict could arise in connection with the resale of properties if we were to attempt to sell similar properties at the same time.

 

Conflicts of interest also may exist at such time as we or our affiliates managing property on our behalf seek to employ developers, contractors or building managers, as well as under other circumstances.  Leadership will seek to reduce conflicts relating to the employment of developers, contractors or building managers.  Leadership will also seek to reduce conflicts that may arise with respect to properties available for sale or rent.  However, these conflicts cannot be fully avoided in that there may be established differing compensation arrangements at different properties or differing terms for resales or leasing of the various properties.

 

Joint Ventures with Affiliates

 

We may enter into joint ventures with Leadership’s Other Real Estate Related Activities (as well as other parties) for the acquisition of real estate investments.  Leadership may have conflicts of interest in determining whether its Other Real Estate Related Activity should enter into any particular joint venture agreement.  The co-venturer may have economic or business interests or goals which are or which may become inconsistent with Sterling’s business interests or goals.  In addition, should any such joint venture be consummated, Leadership may face a conflict in structuring the terms of the relationship between Sterling’s interests and the interest of the co-venturer and in managing the joint venture.  Since Leadership may control both us and any affiliated co-venturer, agreements and transactions between the co-venturers with respect to any such joint venture may not have the benefit of arm’s-length negotiation of the type normally conducted between unrelated co-venturers.

 

Conflict Resolution

 

Every transaction that we enter into with Leadership will be subject to an inherent conflict of interest.  Our Board of Trustees may encounter conflicts of interest in enforcing our rights or options against a member of Leadership in the event of a disagreement.

 

Critical Accounting Estimates

 

Preparation of our financial statements requires estimates and judgments to be made that affect the amounts of assets, liabilities, revenues and expenses reported. Such decisions include the selection of the appropriate accounting principles to be applied and the assumptions on which to base accounting estimates. We evaluate these estimates based on assumptions we believe to be reasonable under the circumstances.

 

There have been no material changes in our Critical Accounting Policies as disclosed in Note 2 to our financial statements for the nine months ended September 30, 2018 included elsewhere in this report.

 

Specific Achievements

 

·

Increased revenues from rental operations by $2,574 or 3.0% for the nine months ended September 30, 2018, compared to same nine month period in 2017.

·

Acquired two residential apartment properties totaling 69 units and one retail property with 5,348 square feet for a total of $8,326 during the nine months ended September 30, 2018. 

·

Disposed of three properties, an industrial property located in Redwood Falls, Minnesota and recognized a gain of $1,084, a retail property located in Austin, Texas and recognized a gain of $1,452 and one

37


 

office building located in Bismarck, North Dakota and recognized a gain of $1,762 (see Note 16 to the consolidated financial statements).

·

Declared and paid dividends aggregating $0.763125 per common share for the first nine months of 2018.

 

Results of Operations for the Three Months Ended September 30, 2018 and 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Three months ended  September 30, 2018

    

Three months ended  September 30, 2017

 

    

Residential

    

Commercial

    

Total

    

Residential

    

Commercial

    

Total

 

 

(unaudited)

 

(unaudited)

 

    

(in thousands)

 

(in thousands)

Real Estate Revenues

       

$

22,627

  

$

6,627

  

$

29,254

  

$

21,863

  

$

6,792

 

$

28,655

Real Estate Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate Taxes

 

 

2,194

 

 

695

 

 

2,889

 

 

2,404

 

 

782

 

 

3,186

Property Management

 

 

3,111

 

 

250

 

 

3,361

 

 

2,933

 

 

204

 

 

3,137

Utilities

 

 

1,578

 

 

382

 

 

1,960

 

 

1,534

 

 

384

 

 

1,918

Repairs and Maintenance

 

 

4,987

 

 

612

 

 

5,599

 

 

5,539

 

 

631

 

 

6,170

Insurance

 

 

566

 

 

24

 

 

590

 

 

354

 

 

22

 

 

376

Total Real Estate Expenses

 

 

12,436

 

 

1,963

 

 

14,399

 

 

12,764

 

 

2,023

 

 

14,787

Net Operating Income

 

$

10,191

 

$

4,664

 

 

14,855

 

$

9,099

 

$

4,769

 

 

13,868

Interest

 

 

 

 

 

 

 

 

4,557

 

 

 

 

 

 

 

 

4,690

Depreciation and amortization

 

 

 

 

 

 

 

 

5,274

 

 

 

 

 

 

 

 

5,427

Administration of REIT

 

 

 

 

 

 

 

 

1,460

 

 

 

 

 

 

 

 

885

Other (income)/expense

 

 

 

 

 

 

 

 

(3,520)

 

 

 

 

 

 

 

 

(390)

Net Income

 

 

 

 

 

 

 

$

7,084

 

 

 

 

 

 

 

$

3,256

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income Attributed to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noncontrolling Interest

 

 

 

 

 

 

 

$

4,705

 

 

 

 

 

 

 

$

2,174

Sterling Real Estate Trust

 

 

 

 

 

 

 

$

2,379

 

 

 

 

 

 

 

$

1,082

Dividends per share (1)

 

 

 

 

 

 

 

$

0.254375

 

 

 

 

 

 

 

$

0.2475

Earnings per share

 

 

 

 

 

 

 

$

0.27

 

 

 

 

 

 

 

$

0.13

Weighted average number of common shares

 

 

 

 

 

 

 

 

8,840

 

 

 

 

 

 

 

 

8,356

 

(1)

Does not take into consideration the amounts distributed by the operating partnership to limited partners.

 

Revenues

 

Property revenues of $29,254 for the three months ended September 30, 2018 increased $599 or 2.1% in comparison to the same period in 2017. Residential property revenues increased $764 and commercial property revenues decreased $165.

 

The following table illustrates changes in occupancy for the three month periods indicated:

 

 

 

 

 

 

 

 

    

September 30,

 

September 30,

 

 

    

2018

 

2017

 

Residential occupancy

 

93.0

%

94.1

%

Commercial occupancy

 

96.5

%

95.7

%

 

Residential revenues for the three months ended September 30, 2018 increased $764 in comparison to the same period for 2017.  Residential properties acquired since January 1, 2017 contributed approximately $271 to the increase in total residential revenues in the three months ended September 30, 2018.  Rental income from residential properties owned for more than one year increased approximately $493  in comparison to the three months ended September 30, 2017.  Residential revenues comprised 77.3% of total revenues for the three months ended September 30, 2018 compared to 76.3% of total revenues for the three months ended September 30, 2017.  The residential occupancy rates for the three

38


 

months ended September 30, 2018 decreased 1.1% primarily due to considerable multifamily development in the Fargo-Moorhead market, which has caused increased competition.    

 

For the three months ended September 30, 2018 total commercial revenues decreased $165 in comparison to the same period for 2017.  The decrease was attributed to the sale of an industrial property in Redwood Falls, Minnesota and a retail property in Austin, Texas. Commercial revenues comprised 22.7% of the total revenues for the three months ended September 30, 2018 compared to 23.7% of total revenues for the three months ended September 30, 2017.  The commercial occupancy rates for the three months ended September 30, 2018 increased 0.8% primarily due to the sale of a vacant building at an office property in Bismarck, North Dakota.

 

Sterling’s portfolio has experienced increased competition from development of new properties in a mature real estate cycle within both the commercial and residential markets.  This has contributed to a year-over-year decrease in residential occupancy of 1.1%, which is still performing favorably above market averages.

 

Expenses

 

Residential expenses from operations of $12,436 during the three months ended September 30, 2018 decreased $328 or 2.6% in comparison to the same period in 2017. The decrease was attributed to real estate taxes, which decreased $210 or 8.7% primarily due to real estate tax law changes in North Dakota and repairs and maintenance expenses which decreased $552 or 10.0%. We received notices of annual real estate tax increases for 2017 in September 2017, and the adjustments to true-up the liability were made upon receipt of the notices.   In addition, we have seen increases in property insurance of $212 or 59.9% due to increased premiums and increases in property management fees of $178 or 6.1%. Actual property management fees remain unchanged and continue to approximate 5% of net collected rents; however, other property management related expenses have increased due to increased competition for labor and increased estimates for allowances on uncollectible receivables. 

 

Commercial expenses from operations of $1,963 during the three months ended September 30, 2018 decreased $60 or 3.0% in comparison to the same period in 2017.  The decrease was primarily attributed to decreases in real estate taxes of $87 or 11.1% and repairs and maintenance expenses of  $19 or 3.0% netted with increases in property management expenses of $46 or 22.5%.

 

Interest expense of $4,557 during the three months ended September 30, 2018 decreased $133 in comparison to the same period in 2017 due to decreased levels of debt outstanding (an aggregate decrease of $6,552).   Interest expense was approximately 15.6% and 16.4% of rental income for the three months ended September 30, 2018 and 2017,  respectively. 

 

Depreciation and amortization expense decreased 2.8% from $5,427 for the three months ended September 30, 2017 to $5,274 for the three months ended September 30, 2018. The decrease was primarily a result of a $97 decrease in amortization related to lease intangibles that are fully amortized.  Amortization expense will continue to decrease as lease intangibles become fully amortized.

 

REIT administration expenses increased from $885 for the three months ended September 30, 2017 to $1,460 for the three months ended September 30, 2018 due to an increase in disposition fees related to the three properties we sold. 

 

Net Operating Income

 

We measure the performance of our segments based on net operating income (“NOI”), which we define as total revenue from rental operations less expenses from rental operations and real estate taxes (excluding depreciation and amortization related to real estate investments and impairment of real estate investments). We believe that NOI is an important supplemental measure of operating performance for a REIT because it provides a measure of core operations unaffected by depreciation, amortization, financing, and administration expense. NOI does not represent cash generated by operating activities in accordance with GAAP and should not be considered an alternative to net income, net income available for non-controlling interests and shareholders of the Trust or cash flow from operating activities as a measure of financial performance.

39


 

 

Residential NOI increased $1,092 or 12.0% for the three months ended September 30, 2018 in comparison to the same three month period in 2017 primarily as a result of increases in income from rental operations and decreases in operating expenses.  Commercial NOI decreased  $105 or 2.2% for the three months ended September 30, 2018 in comparison to the same three month period in 2017. The decrease was primarily due to the sale of three commercial properties in recent periods. 

 

Net Income

 

Net income for the three months ended September 30, 2018 was $7,084 compared to $3,256 for the three months ended September 30, 2017.  The increase in net income is primarily attributable to  $3,214 gains on the sale of real estate and during the three months ended September 30, 2018.

 

Results of Operations for the Nine Months Ended September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended September 30, 2018

    

Nine months ended September 30, 2017

 

    

Residential

    

Commercial

    

Total

    

Residential

    

Commercial

    

Total

 

 

(unaudited)

 

(unaudited)

 

 

(in thousands)

 

(in thousands)

Real Estate Revenues

    

$

67,621

    

$

20,151

    

$

87,772

    

$

64,579

    

$

20,619

    

$

85,198

Real Estate Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate Taxes

 

 

6,568

 

 

2,065

 

 

8,633

 

 

6,168

 

 

2,221

 

 

8,389

Property Management

 

 

9,834

 

 

707

 

 

10,541

 

 

8,527

 

 

636

 

 

9,163

Utilities

 

 

5,847

 

 

1,118

 

 

6,965

 

 

5,399

 

 

1,064

 

 

6,463

Repairs and Maintenance

 

 

14,159

 

 

1,634

 

 

15,793

 

 

14,493

 

 

1,610

 

 

16,103

Insurance

 

 

1,624

 

 

69

 

 

1,693

 

 

1,043

 

 

69

 

 

1,112

Total Real Estate Expenses

 

 

38,032

 

 

5,593

 

 

43,625

 

 

35,630

 

 

5,600

 

 

41,230

Net Operating Income

 

$

29,589

 

$

14,558

 

 

44,147

 

$

28,949

 

$

15,019

 

 

43,968

Interest

 

 

 

 

 

 

 

 

13,632

 

 

 

 

 

 

 

 

13,938

Depreciation and amortization

 

 

 

 

 

 

 

 

15,907

 

 

 

 

 

 

 

 

16,170

Administration of REIT

 

 

 

 

 

 

 

 

3,703

 

 

 

 

 

 

 

 

4,208

Loss on lease terminations

 

 

 

 

 

 

 

 

 —

 

 

 

 

 

 

 

 

146

Other (income)/expense

 

 

 

 

 

 

 

 

(6,416)

 

 

 

 

 

 

 

 

(5,240)

Net Income

 

 

 

 

 

 

 

$

17,321

 

 

 

 

 

 

 

$

14,746

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Income Attributed to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noncontrolling Interest

 

 

 

 

 

 

 

$

11,524

 

 

 

 

 

 

 

$

9,925

Sterling Real Estate Trust

 

 

 

 

 

 

 

$

5,797

 

 

 

 

 

 

 

$

4,821

Dividends per share (1)

 

 

 

 

 

 

 

$

0.763125

 

 

 

 

 

 

 

$

0.7425

Earnings per share

 

 

 

 

 

 

 

$

0.6600

 

 

 

 

 

 

 

$

0.5900

Weighted average number of common shares

 

 

 

 

 

 

 

 

8,730

 

 

 

 

 

 

 

 

8,234


(1)

Does not take into consideration the amounts distributed by the operating partnership to limited partners.

 

Revenues

 

Property revenues of $87,772 for the nine months ended September 30, 2018 increased $2,574 or 3.0% in comparison to the same period in 2017. Residential property revenues increased $3,042 and commercial property revenues decreased $468.

 

The following table illustrates changes in occupancy for the nine month periods indicated:

 

 

 

 

 

 

 

 

 

September 30,

 

September 30,

 

 

    

2018

 

2017

 

Residential occupancy

 

93.8

%

94.9

%

Commercial occupancy

 

95.7

%

96.7

%

40


 

 

Residential revenues for the nine months ended September 30, 2018 increased $3,042 in comparison to the same period for 2017.  Residential properties acquired since January 1, 2017 contributed approximately $1,827 to the increase in total residential revenues in the nine months ended September 30, 2018. Rental income from residential properties owned for more than one year increased approximately $1,215 in comparison to the nine months ended September 30, 2017.  Residential revenues comprised 77.0% of total revenues for the nine months ended September 30, 2018 compared to 75.8% of total revenues for the nine months ended September 30, 2017. 

 

For the nine months ended September 30, 2018, total commercial revenues decreased $468 in comparison to the same period for 2017.  The decrease was primarily attributable to the sale of a retail property in June 2017, and the sale of an industrial property in April 2018 and a retail property in July 2018. Commercial revenues comprised 23.0% of the total revenues for the nine months ended September 30, 2018 compared to 24.2% of total revenues for the nine months ended September 30, 2017.  

 

Sterling’s portfolio has experienced increased competition from development of new properties in a mature real estate cycle within both the commercial and residential markets.  This has contributed to a year-over-year decrease in residential and commercial occupancy of 1.1% and 1.0% respectively. The vast majority of the Company’s properties however, are still performing favorably above market averages.

 

Expenses

 

Residential expenses from operations of $38,032 during the nine months ended September 30, 2018 increased $2,402 or 6.7% in comparison to the same period in 2017. This increase was attributable real estate taxes, which increased $400 or 6.5% primarily due to real estate tax law changes in North Dakota, increases in utilities of $448 or 8.3% due to increased prices and increases in property insurance of $581 or 55.7%. In addition, we have increases in property management fees of $1,307 or 15.3%. Actual property management fees remain unchanged and continue to approximate 5% of net collected rents; however, other property management related expenses have increased due to increased competition for labor and increased estimates for allowances on uncollectible receivables.

 

Commercial expenses from operations of $5,593 during the nine months ended September 30, 2018 decreased $7 or 0.1% in comparison to the same period in 2017.   Two of the properties sold in the third quarter were triple net lease properties. The third property sold was a vacant building.  Thus, the disposition transaction had little effect on our operating expenses.

 

Interest expense of $13,632 during the nine months ended September 30, 2018 decreased $306 in comparison to the same period in 2017 due to decreased levels of debt outstanding. Interest expense was approximately 15.5% and 16.4% of rental income for the nine months ended September 30, 2018 and 2017, respectively.

 

Depreciation and amortization expense decreased 1.6% from $16,170 for the nine months ended September 30, 2017 to $15,907 for the nine months ended September 30, 2018. The $263 decrease was primarily a result of a $260 decrease in amortization related to lease intangibles that are fully amortized.  Amortization expense will continue to decrease as lease intangibles become fully amortized.   Depreciation and amortization expense as a percentage of rental income for the nine months ended September 30, 2018 and 2017 was relatively consistent at 18.1% and 19.0%, respectively.

 

Other income (expense) increased 22.4% from $5,240 for the nine months ended September 30, 2017 to $6,416 for the nine months ended September 30, 2018.  During the nine months ended September 30, 2018, the Company recognized a net gain of $4,298 on the sale of real estate investments (three properties) and a gain on involuntary conversion of $1,467.  In comparison, the Company’s other income (expense) during the nine months ended September 30, 2017 included a net gain of $2,049 incurred in connection with the sale of a retail property in June 2017 and the sale of vehicles in January 2017.  In addition, other income in the prior period included a $2,186 gain on change in control over a real estate investment in 2017.         

 

REIT administration expenses decreased from $4,208 for the nine months ended September 30, 2017 to $3,703 for the nine months ended September 30, 2018 due to a decrease in acquisition expenses.  Effective July 1, 2017,

41


 

acquisitions are considered asset acquisitions and as such, transaction costs are capitalized upon closing.  For acquisitions prior to July 1, 2017, which were accounted for as business combinations, the transaction costs totaled $1,131 for the nine months ended September 30, 2017 and are included in “Acquisition and disposition expenses” in the accompanying consolidated statement of operations and other comprehensive (loss) income.

   

Net Operating Income

 

We measure the performance of our segments based on net operating income (“NOI”), which we define as total revenue from rental operations less expenses from rental operations and real estate taxes (excluding depreciation and amortization related to real estate investments and impairment of real estate investments). We believe that NOI is an important supplemental measure of operating performance for a REIT because it provides a measure of core operations unaffected by depreciation, amortization, financing, and administration expense. NOI does not represent cash generated by operating activities in accordance with GAAP and should not be considered an alternative to net income, net income available for non-controlling interests and shareholders of the Trust or cash flow from operating activities as a measure of financial performance.

 

Residential NOI increased $640 or 2.2% for the nine months ended September 30, 2018 in comparison to the same nine month period in 2017 primarily as a result of a $3,042 increase in residential revenues.   Commercial NOI decreased $461 or 3.1% for the nine months ended September 30, 2018 in comparison to the same nine month period in 2017 due primarily attributed to the sale of a retail property located in Austin, Texas and an industrial property located in Redwood Falls, Minnesota in July 2018.

 

Net Income

 

Net income for the nine months ended September 30, 2018 was $17,321 compared to $14,746 for the nine months ended September 30, 2017.  During the nine months ended September 30, 2018, the Company recognized a net gain of $4,298 on the sale of real estate investments and a gain on involuntary conversion of $1,467.  In comparison, the Company’s other income (expense) during the nine months ended September 30, 2017 included a net gain of $2,049 incurred in connection with the sale of a retail property in June 2017 and the sale of vehicles in January 2017.  In addition, the prior period, other income included a $2,186 gain on change in control over a real estate investment in 2017.            

 

Property Acquisitions and Dispositions

 

Property Acquisitions and Dispositions during the nine months ended September 30, 2018

 

We acquired three properties for a total of $8,326 during the nine months ended September 30, 2018. Total consideration for the acquisitions was the issuance of approximately  $2,176 in limited partnership units of the operating partnership, 1031 tax-deferred exchange funds of $3,004, assumed liabilities of $71 and cash of $3,075.    During the quarter, an existing commercial tenant made an unsolicited offer for a sale lease back transaction that allowed the Company to strengthen and extend the leases on our existing Dairy Queen properties and purchase another Dairy Queen property with a similar lease. This was considered a very attractive offer that should benefit shareholders. 

 

During the nine months ended September 30, 2018,  the operating partnership sold three properties.  We sold an industrial property located in Redwood Falls, Minnesota for $5,200 and recognized a gain of $1,084 in April 2018.  We sold a retail property located in Austin, Texas for $3,615 and recognized a gain of $1,452 in July 2018.   We sold one of two buildings included in an office property located in Bismarck, North Dakota for $4,250 and recognized a gain of $1,762 in July 2018.

 

Property Acquisitions and Dispositions during the nine months ended September 30, 2017

 

We acquired nine properties for a total of $20,028 during the nine months ended September 30, 2017. Total consideration for the acquisitions was the issuance of approximately $9,651 in limited partnership units of the operating partnership, 1031 tax-deferred exchange funds of $4,278, new loans of $2,392, (includes $872 loan from property acquired through change in control of real estate), assumed liabilities of $72 and cash of $3,635.  In addition, there was a change in control over a real estate investment, with the operating partnership acquiring the other tenant in common’s 59.74%

42


 

ownership interest in a 144 unit property (See Note 2 and 17 of the consolidated financial statements). We estimated the property had a fair value of approximately $10,080.  The operating partnership assumed a loan of $1,295 and issued $4,727 of limited partnership units for a total purchase price of approximately $6,022.  The Company accounted for this as a business combination and recognized a gain on change in control of real estate investment of $2,186 in the second quarter of 2017 as a result of remeasuring the carrying value to fair value.

 

During the nine months ended September 30, 2017, the operating partnership sold a retail property in Fargo, North Dakota for approximately $4,400 and recognized a gain of $2,072.    

 

See Notes 16 and 17 to the Consolidated Financial Statements included above for more information regarding our acquisitions and dispositions during the nine months ended September 30, 2018 and 2017.

 

Construction in Progress and Development Projects

 

Construction in progress as of September 30, 2018 consists primarily of development and planning costs associated with Phase III of a multifamily apartment community under construction in Bismarck, North Dakota. Phase I and II of the Bismarck development are complete and Phase III is still in the planning and review stages to determine if the Company will commence construction.  During the nine months ended September 30, 2018, Phase I and II contributed $1,754 in rental revenues and had 94.0% economic occupancy. Our Omaha, Nebraska project to rebuild a multifamily apartment building destroyed by fire was substantially completed and placed in service July 2018. 

 

Funds From Operations (FFO)

 

Funds From Operations (FFO) applicable to common shares and limited partnership units means net income (computed in accordance with GAAP), excluding gains (or losses) from sales of property, plus depreciation and amortization, and after adjustments for unconsolidated partnerships and joint ventures. Adjustments for unconsolidated partnerships and joint ventures will be calculated to reflect funds from operations on the same basis.

 

Historical cost accounting for real estate assets implicitly assumes the value of real estate assets diminishes predictably over time. Since real estate values have historically risen or fallen with market conditions, many industry investors have considered presentations of operating results for real estate companies that use historical cost accounting to be insufficient by themselves. The term Funds From Operations (FFO) was created to address this problem. It was intended to be a standard supplemental measure of REIT operating performance that excluded historical cost depreciation from — or “added back” to — GAAP net income.

 

Our management believes this non-GAAP measure is useful to investors because it provides supplemental information that facilitates comparisons to prior periods and for the evaluation of financial results. Management uses this non-GAAP measure to evaluate our financial results, develop budgets and manage expenditures. The method used to produce non-GAAP results is not computed according to GAAP, is likely to differ from the methods used by other companies and should not be regarded as a replacement for corresponding GAAP measures. Management encourages the review of the reconciliation of this non-GAAP financial measure to the comparable GAAP results.

 

Since the introduction of the definition of FFO, the term has come to be widely used by REITs. In the view of National Association of Real Estate Investment Trusts (“NAREIT”), the use of the definition of FFO (combined with the primary GAAP presentations required by the Securities and Exchange Commission) has been fundamentally beneficial, improving the understanding of operating results of REITs among the investing public and making it easier to compare the results of one REIT with another.

 

While FFO applicable to common shares and limited partnership units are widely used by REITs as performance metrics, all REITs do not use the same definition of FFO or calculate FFO in the same way. The FFO reconciliation presented here is not necessarily comparable to FFO presented by other real estate investment trusts. FFO should also not be considered as an alternative to net income as determined in accordance with GAAP as a measure of a real estate investment trust’s performance, but rather should be considered as an additional, supplemental measure, and should be viewed in conjunction with net income as presented in the consolidated financial statements included in this report. FFO applicable to common shares and limited partnership units does not represent cash generated from operating activities in

43


 

accordance with GAAP and is not necessarily indicative of sufficient cash flow to fund a real estate investment trust’s needs or its ability to service indebtedness or to pay dividends to shareholders.

 

 

The following tables include calculations of FFO, and the reconciliations to net income, for the three and nine months ended September 30, 2018 and 2017, respectively. We believe these calculations are the most comparable GAAP financial measure (in thousands):

 

Reconciliation of Net Income Attributable to Sterling to FFO Applicable to Common Shares and Limited Partnership Units

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended  September 30, 2018

 

Three months ended  September 30, 2017

 

 

 

 

 

Weighted Avg

 

Per

 

 

 

 

Weighted Avg

 

Per

 

 

 

 

 

Shares and

 

Share and

 

 

 

 

Shares and

 

Share and

 

    

Amount

    

Units(1)

    

Unit (2)

    

Amount

    

Units(1)

    

Unit (2)

 

 

(unaudited)

 

 

(in thousands, except per share data)

Net Income attributable to Sterling Real Estate Trust

 

$

2,379

 

8,840

 

$

0.27

 

$

1,082

 

8,356

 

$

0.13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Add back:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noncontrolling Interest - OPU

 

 

4,739

 

17,556

 

 

 

 

 

2,264

 

17,523

 

 

 

Depreciation & Amortization from continuing operations

 

 

5,274

 

 

 

 

 

 

 

5,427

 

 

 

 

 

Pro rata share of unconsolidated affiliate depreciation & amortization

 

 

94

 

 

 

 

 

 

 

93

 

 

 

 

 

Subtract:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on sales of land, depreciable real estate, investment in equity method investee, and change in control of real estate investments

 

 

(3,214)

 

 

 

 

 

 

 

 3

 

 

 

 

 

Funds from operations applicable to common shares and limited partnership units (FFO)

 

$

9,272

 

26,396

 

$

0.35

 

$

8,869

 

25,879

 

$

0.34


(1)

Please see Note 10 and Note 12 to the consolidated financial statements included above for more information.

(2)

Net Income is calculated on a per share basis.  FFO are calculated on a per share and unit basis.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended September 30, 2018

 

 

Nine months ended September 30, 2017

 

 

 

 

 

Weighted Avg

 

Per

 

 

 

 

Weighted Avg

 

Per

 

 

 

 

 

Shares and

 

Share and

 

 

 

 

Shares and

 

Share and

 

    

Amount

    

Units(1)

    

Unit (2)

    

Amount

    

Units(1)

    

Unit (2)

 

 

(unaudited)

 

 

(in thousands, except per share data)

Net Income attributable to Sterling Real Estate Trust

 

$

5,797

 

8,730

 

$

0.66

 

$

4,821

 

8,234

 

$

0.59

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Add back:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noncontrolling Interest - OPU

 

 

11,651

 

17,552

 

 

 

 

 

10,147

 

17,330

 

 

 

Depreciation & Amortization from continuing operations

 

 

15,907

 

 

 

 

 

 

 

16,170

 

 

 

 

 

Pro rata share of unconsolidated affiliate depreciation & amortization

 

 

282

 

 

 

 

 

 

 

288

 

 

 

 

 

Subtract:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on sale of land, depreciable real estate, investment in equity method investee, and change in control of real estate investments

 

 

(4,298)

 

 

 

 

 

 

 

(4,261)

 

 

 

 

 

Funds from operations applicable to common shares and limited partnership units (FFO)

 

$

29,339

 

26,282

 

$

1.12

 

$

27,165

 

25,564

 

$

1.06


(1)

Please see Note 10 and Note 12 to the consolidated financial statements included above for more information.

(2)

Net Income is calculated on a per share basis.  FFO are calculated on a per share and unit basis.

 

 

 

Liquidity and Capital Resources

 

Our principal demands for funds will be for the (i) acquisition of real estate and real estate-related investments, (ii) payment of acquisition related expenses and operating expenses, (iii) payment of dividends/distributions (iv) payment

44


 

of principal and interest on current and any future outstanding indebtedness, and (v) redemptions of our securities under our redemption plans. Generally, we expect to meet cash needs for the payment of operating expenses and interest on outstanding indebtedness from cash flow from operations. We expect to pay dividends/distributions and any repurchase requests to our shareholders and the unit holders of our operating partnership from cash flow from operations; however, we may use other sources to fund dividends/distributions and repurchases, as necessary. We expect to meet cash needs for acquisitions and other real-estate investments from cash flow from operations, net proceeds of share offerings and debt proceeds.

 

Evaluation of Liquidity

 

We continually evaluate our liquidity and ability to fund future operations, debt obligations and any repurchase requests.  As part of our analysis, we consider among other items, credit quality of tenants and lease expirations.

 

Credit Quality of Tenants

 

We are exposed to credit risk within our tenant portfolio, which can reduce our results of operations and cash flow from operations if our tenants are unable to pay their rent. Tenants experiencing financial difficulties may become delinquent on their rent or default on their leases and, if they file for bankruptcy protection, may reject our lease in bankruptcy court, resulting in reduced cash flow. This may negatively impact net asset values and require us to incur impairment charges.  Even if a default has not occurred and a tenant is continuing to make the required lease payments, we may restructure or renew leases on less favorable terms, or the tenant’s credit profile may deteriorate, which could affect the value of the leased asset and could in turn require us to incur impairment charges.

 

Historically, the geographic location of our properties and credit-worthiness of our tenants have resulted in minimal to no property impairments or write-offs on uncollectible rental revenues. It is possible, however, that tenants may file for bankruptcy or default on their leases in the future and that economic conditions may deteriorate.

 

To mitigate credit risk on commercial properties, we have historically looked to invest in assets that we believe are critically important to our tenant’s operations and have attempted to diversify our portfolio by tenant, tenant industry and geography.  We also monitor all of our properties performance through review of rent delinquencies as a precursor to a potential default, meetings with tenant management and review of tenants’ financial statements and compliance with financial covenants. When necessary, our asset management process includes restructuring transactions to meet the evolving needs of tenants, refinancing debt and selling properties, as well as protecting our rights when tenants default or enter into bankruptcy.

 

Lease Expirations and Occupancy

 

No significant leases are scheduled to expire or renew in the next twelve months.  The Advisor, with the assistance of our property managers, actively manages our real estate portfolio and begins discussing options with tenants in advance of scheduled lease expirations. In certain cases, we may obtain lease renewals from our tenants; however, tenants may elect to move out at the end of their term. In the cases where tenants elect not to renew, we may seek replacement tenants or try to sell the property.

 

Cash Flow Analysis

 

Our objectives are to generate sufficient cash flow over time to provide shareholders with increasing dividends and to seek investments with potential for strong returns and capital appreciation throughout varying economic cycles. We

45


 

have funded 100% of the dividends from operating cash flows. In setting a dividend rate, we focus primarily on expected returns from investments we have already made to assess the sustainability of a particular dividend rate over time.

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

September 30,

 

    

2018

    

2017

 

 

(in thousands)

Net cash flows provided by operating activities

 

$

28,351

 

$

27,291

Net cash flows used in investing activities

 

$

(548)

 

$

(9,565)

Net cash flows used in financing activities

 

$

(17,248)

 

$

(8,111)

 

Operating Activities

 

Our real estate properties generate cash flow in the form of rental revenues, which is reduced by interest payments, direct lease costs and property-level operating expenses. Property-level operating expenses consist primarily of property management fees including salaries and wages of property management personnel, utilities, cleaning, repairs, insurance, security and building maintenance cost, and real estate taxes. Additionally, we incur general and administrative expenses, advisory fees, acquisition and disposition expenses and financing fees.

 

Net cash provided by operating activities was $28,351 and $27,291 for the nine months ended September 30, 2018 and 2017, respectively, which consists primarily of net income from property operations adjusted for non-cash depreciation and amortization. The funds generated for the nine months ended September 30, 2018 and 2017 were primarily from property operations of our real estate portfolio.

 

Investing Activities

 

Our investing activities generally consist of real estate-related transactions (purchases and sales of properties) and payments of capitalized property-related costs such as intangible assets. 

 

Net cash used in investing activities was $548 and $9,565 for the nine months ended September 30, 2018 and 2017, respectively (this does not include the value of UPREIT units issued in connection with investing activities).  For the nine months ended September 30, 2018 and 2017, cash flows used in investing activities related primarily to the acquisition of properties and capital expenditures was $14,718 and $17,035, respectively.  In addition, during the nine months ended September 30, 2018, proceeds of $13,052 were generated from the sales of one industrial property, one retail property and one office building.  The proceeds were deposited into a 1031 exchange escrow at closing, and we subsequently used $3,004 to acquire a retail property in September 2018.  In addition, during the nine months ended September 30, 2018, proceeds of $1,112 were received from involuntary conversions.  During the nine months ended September 30, 2017, proceeds of $4,442 were generated from the sale of one commercial retail property and the sale of vehicles.  In addition, during the nine months ended September 30, 2017, proceeds of $1,937 were received from involuntary conversions.  The majority of the proceeds in 2017 were related to one property that was damaged in 2016.

 

Financing Activities

 

Our financing activities generally consist of funding property purchases by raising proceeds and securing mortgage notes payable as well as paying dividends, paying syndication costs and making principal payments on mortgage notes payable. 

 

Net cash used in financing activities was $17,248 and $8,111 for the nine months ended September 30, 2018 and 2017, respectively. During the nine months ended September 30, 2018,  we paid $16,001 in dividends and distributions, redeemed $2,167 of shares and units, received proceeds from new mortgage notes payable of $10,281, and made mortgage principal payments of $12,028. For the nine months ended September 30, 2017, we paid $15,195 in dividends and distributions, redeemed $1,530 of shares and units, received proceeds from new mortgage notes payable of $23,916, and made mortgage principal payments of $16,632.

 

46


 

Dividends

 

Common Stock

 

We declared cash dividends to our shareholders during the period from January 1, 2018 to September 30, 2018 totaling $6,655 or $0.763125 per share, including amounts reinvested through the dividend reinvestment plan.  During the nine months ended September 30, 2018, we paid cash dividends of $2,317 and dividends of $4,338 were reinvested under the dividend reinvestment plan.  The cash dividends were paid with the $28,351 from our cash flows from operations and $88 provided by distributions from unconsolidated affiliates.

 

We declared cash dividends to our shareholders during the period from January 1, 2017 to September 30, 2017 totaling $6,111 or $0.7425 per share, including amounts reinvested through the dividend reinvestment plan.  During the nine months ended September 30, 2017, we paid cash dividends of $2,201 and dividends of $3,910 were reinvested under the dividend reinvestment plan.  The cash dividends were paid with the $27,291 from our cash flows from operations and $743 provided by distributions from unconsolidated affiliates.

 

We continue to provide cash dividends to our shareholders from cash generated by our operations.  The following chart summarizes the sources of our cash used to pay dividends.  Our primary source of cash is cash flow provided by operating activities from our investments as presented in our cash flow statement.  We also include distributions from unconsolidated affiliates to the extent that the underlying real estate operations in these entities generate these cash flows and the gain on sale of properties relates to net profits from the sale of certain properties.  Our presentation is not intended to be an alternative to our consolidated statement of cash flows and does not present all sources and uses of our cash.

 

The following table presents certain information regarding our dividend coverage:

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

September 30,

 

    

2018

    

2017

 

 

(in thousands)

Cash flows provided by operations (includes net income of $17,321 and $14,746, respectively)

 

$

28,351

 

$

27,291

Distributions in excess of earnings received from unconsolidated affiliates

 

 

88

 

 

743

Gain (Loss) on sales of real estate and non-real estate investments

 

 

4,298

 

 

2,049

Dividends declared

 

 

(6,655)

 

 

(6,111)

Excess

 

$

26,082

 

$

23,972

 

 

Limited Partnership Units

 

The operating partnership agreement provides that our operating partnership will distribute to the partners (subject to certain limitations) cash from operations on a quarterly basis (or more frequently, if we so elect) in accordance with the percentage interests of the partners. We determine the amounts of such distributions in our sole discretion.

 

For the nine months ended September 30, 2018, we declared quarterly distributions totaling  $13,408 to holders of limited partnership units in our operating partnership, which we paid on April 16, July 16 and October 15, 2018.  Distributions were paid at a rate of $0.254375 per unit per quarter, which is equal to the per share distribution rate paid to the common shareholders.

 

For the nine months ended September 30, 2017, we declared quarterly distributions totaling  $12,909 to holders of limited partnership units in our operating partnership, which we paid on April 17, July 17 and October 16, 2017. Distributions were paid at a rate of $0.2475 per unit per quarter, which is equal to the per share distribution rate paid to the common shareholders.

 

47


 

Sources of Dividends

 

For the nine months ended September 30, 2018, we paid aggregate dividends of $6,655, which were paid with cash flows provided by operating activities and distributions from unconsolidated affiliates. Our funds from operations, or FFO, was $29,339;  therefore, our management believes our distribution policy is sustainable over time. For the nine months ended September 30, 2017, we paid aggregate dividends of $6,111 which were paid with cash flows provided by operating activities and distributions from unconsolidated affiliates. Our FFO was $27,165 as of the nine months ended September 30, 2017.  For a further discussion of FFO, including a reconciliation of FFO to net income, see “Funds from Operations” above.

 

Cash Resources

 

At September 30, 2018, our cash resources consisted of cash and cash equivalents totaling approximately $16,297. Our cash reserves can be used for working capital needs and other commitments. In addition, we had unencumbered properties with a gross book value of $42,808, which could potentially be used as collateral to secure additional financing in future periods. 

 

At September 30, 2018, there was no balance outstanding on the lines of credit, leaving $32,815 available and unused under the agreements.  See Note 6 to the accompanying consolidated financial statements for additional details regarding our line of credit agreements.

 

The sale of our securities and issuance of limited partnership units of the operating partnership in exchange for property acquisitions and sale of additional common or preferred shares is also expected to be a source of long-term capital for us. During the nine months ended September 30, 2018, we did not sell any common shares in a private placement. During the nine months ended September 30, 2018, we issued 243,000 and 166,000 common shares under the dividend reinvestment plan, through dividends reinvested and the optional share purchases, respectively, and raised gross proceeds of $7,336.  During the nine months ended September 30, 2017, we did not sell any common shares in a private placement.  During the nine months ended September 30, 2017, we issued 247,000 and 134,000 common shares under the dividend reinvestment plan, through dividends reinvested and the optional share repurchases, respectively, and raised gross proceeds of $6,028.

 

At September 30, 2018, our restricted deposits of $14,811 consisted of lenders’ escrows and funds restricted through lender or other agreements, including funds held in escrow for future acquisitions as 1031 tax-deferred exchanges (1031 Exchanges).  Funds held in qualified intermediary for 1031 Exchanges as of September 30, 2018 were $8,294.

 

During the nine months ended September 30, 2018, we issued limited partnership units valued at approximately $2,176 in connection with the acquisition of one property.

 

During the nine months ended September 30, 2017, we issued limited partnership units valued at approximately $14,378 in connection with the acquisitions of properties and one property that had a change in control.  

 

Off-Balance Sheet Arrangements

 

As of September 30, 2018 and December 31, 2017, we had no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

 

Inflation

 

Substantially all of our multifamily property leases are for a term of one year or less.  In an inflationary environment, this may allow us to realize increased rents upon renewal of existing leases or the beginning of new leases. Short-term leases generally will minimize our risk from the adverse effects of inflation, although these leases generally permit residents to leave at the end of the lease term and therefore will expose us to the effect of a decline in market rents.  In a deflationary rent environment, we may be exposed to declining rents more quickly under these shorter term leases.

 

48


 

As of September 30, 2018, most of our commercial leases require tenants to pay directly or reimburse us for a share of our operating expenses.  As a result, we are able to pass on much of any increases to our property operating expenses that might occur due to inflation by correspondingly increasing our expense reimbursement revenues.  During the nine months ended September 30, 2018, inflation did not have a material impact on our revenues or net income.

 

Item 3. Quantitative and Qualitative Disclosures about Market Risk

 

The principal material financial market risk to which we are exposed is interest-rate risk.  Our exposure to market risk for changes in interest rates relates primarily to refinancing long-term fixed rate obligations, the opportunity cost of fixed rate obligations in a falling interest rate environment and our variable rate lines of credit.

 

As virtually all of our outstanding debt is long-term, fixed rate debt, our interest rate risk has not changed significantly from what was disclosed in our Annual Report on Form 10-K for the year ended December 31, 2017 filed with the Securities and Exchange Commission on March 15, 2018.    

 

Item 4. Controls and Procedures.  

 

Disclosure Controls and Procedures

 

Our management, with the participation of our Chief Executive Officer and Chief Accounting Officer, has evaluated the effectiveness of our disclosure controls and procedures (as such term is defined in Rule 13a-15(e) under the Securities Exchange Act of 1934, as amended) as of the end of the period covered by this report. Based on such evaluation, our Chief Executive Officer and Chief Accounting Officer have concluded that, as of September 30, 2018, such disclosure controls and procedures were effective to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and is accumulated and communicated to management, including our principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

 

Changes in Internal Controls over Financial Reporting

 

There were no changes in our internal controls over financial reporting that occurred during the third fiscal quarter of 2018 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

49


 

PART II

OTHER INFORMATION

 

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

 

Sale of Securities 

 

Neither Sterling nor the operating partnership issued any unregistered securities during the three months ended September 30, 2018, except as noted below:

 

In connection with the completion of the acquisition of certain contributed properties, the operating partnership issued units as a portion of the purchase price, at a price per unit, as applicable, of $18.50, as set forth in the table below, during the three months ended September 30, 2018 (in thousands, except per unit data) pursuant to Section 4(2) and Rule 506 of Regulation D.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property

 

 

 

 

 

 

 

 

Acquisition

 

 

Number of

 

Aggregate

Property

    

Date

 

    

Units

    

Consideration

Chandler 1834, Grand Forks, ND

 

09/01/18

 

 

12

 

$

630

 

 

Other Sales

 

During the three months ended September 30, 2018, we did not issue any common shares in exchange for limited partnership units of the operating partnership on a one-for-one basis pursuant to redemption requests made by accredited investors pursuant to Section 4(2) and Rule 506 of Regulation D.

 

 

 

Redemptions of Securities 

 

Set forth below is information regarding common shares and limited partnership units redeemed during the three months ended September 30, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

Total Number of

 

Total Number of

 

Approximate Dollar Value of

 

 

Total Number

 

 

Total Number

 

Price

 

Shares Redeemed

 

Units Redeemed

 

Shares (or Units) that May

 

 

of Common

 

 

of Limited

 

Paid per

 

as Part of

 

as Part of

 

Yet Be Redeemed Under

 

 

Shares

 

 

Partner Units

 

Common

 

Publicly Announced

 

Publicly Announced

 

Publicly Announced

Period

    

Redeemed

 

    

Redeemed

    

Share/Unit

    

Plans or Programs

    

Plans or Programs

    

Plans or Programs

July 1-31, 2018

 

6,000

 

 

6,000

 

$

17.50

 

1,166,000

 

758,000

 

$

8,455

August 1-31, 2018

 

7,000

 

 

1,000

 

$

17.50

 

1,173,000

 

759,000

 

$

8,307

September 1-30, 2018

 

1,000

 

 

8,000

 

$

17.50

 

1,174,000

 

767,000

 

$

8,149

Total

 

14,000

 

 

15,000

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended September 30, 2018, we redeemed all shares or units for which we received redemption requests.  In addition, for the three months ended September 30, 2018, all common shares and units redeemed were redeemed as part of the publicly announced plans.

 

 

The Amended and Restated Share Redemption Plan permits us to repurchase common shares held by our shareholders and limited partnership units held by partners of our operating partnership, up to a maximum amount of $35,000 worth of shares and units, upon request by the holders after they have held them for at least one year and subject to other conditions and limitations described in the plan. The redemption price for such shares and units redeemed under the plan was fixed at $15.50 per share or unit, which was increased to $17.50 effective January 1, 2018. The redemption plan will terminate in the event the shares become listed on any national securities exchange, the subject of bona fide quotes on any inter-dealer quotation system or electronic communications network or are the subject of bona fide quotes in the pink sheets. Additionally, the Board, in its sole discretion, may terminate, amend or suspend the redemption plan at any time if it determines to do so is in our best interest.

 

 

50


 

Item 6.  Exhibits.

 

Exhibit

 

 

Number

 

Title of Document

 

 

 

31.1

 

Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 

 

 

31.2

 

Certification of the Chief Accounting Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 

 

 

32.1

 

Certification of Chief Executive Officer and Chief Accounting Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the of the Sarbanes-Oxley Act of 2002.

 

 

 

101

 

The following materials from Sterling Real Estate Trust’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2018, formatted in XBRL (eXtensible Business Reporting Language): (i) Consolidated Balance Sheets at September 30, 2018 and December 31, 2017; (ii) Consolidated Statements of Operations and Other Comprehensive Income for the three and nine months ended September 30, 2018 and 2017; (iii) Consolidated Statement of Shareholders’ Equity for nine months ended September 30, 2018; (iv) Consolidated Statements of Cash Flows for the nine months ended September 30, 2018 and 2017, and; (v) Notes to Consolidated Financial Statements.

 

51


 

 

SIGNATURES

 

 

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

 

Dated:November 8, 2018

 

 

STERLING REAL ESTATE TRUST

 

 

 

 

By:

/s/ Kenneth P. Regan

 

 

Kenneth P. Regan

 

 

Chief Executive Officer

 

 

(Principal Executive Officer)

 

 

 

 

By:

/s/ Angie D. Stock

 

 

Angie D. Stock

 

 

Chief Accounting Officer

 

 

(Principal Financial and Accounting Officer)

 

 

52


EX-31.1 2 sret-20180930ex31137dcc2.htm EX-31.1 sret_EX31_1

Exhibit 31.1

 

OFFICER'S CERTIFICATE

PURSUANT TO SECTION 302

 

I, Kenneth P. Regan, certify that:

 

1.I have reviewed this quarterly report on Form 10-Q for Sterling Real Estate Trust.

 

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.I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-5(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 my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me 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 my 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 my 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.I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and 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.

 

Dated:November  8, 2018

 

 

 

 

By:

/s/ Kenneth P. Regan

 

 

 

Chief Executive Officer

 


EX-31.2 3 sret-20180930ex312767d47.htm EX-31.2 sret_EX31_2

Exhibit 31.2

 

OFFICER'S CERTIFICATE

PURSUANT TO SECTION 302

 

I, Angie D. Stock, certify that:

 

1.I have reviewed this quarterly report on Form 10-Q for Sterling Real Estate Trust.

 

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.I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-5(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 my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me 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 my 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 my 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.I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the registrant’s auditors and 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.

 

Dated:November  8, 2018

 

 

 

By:

/s/ Angie D. Stock

 

 

 

Chief Accounting Officer

 


EX-32.1 4 sret-20180930ex321b4cc81.htm EX-32.1 sret_EX32_1

Exhibit 32.1

 

CERTIFICATION 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 Sterling Real Estate Trust (the “Company”) on Form 10-Q for the period ended September 30, 2018 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned, in the capacities and on the dates indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 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 operation of the Company.

 

 

 

 

 

 

 

Dated:   November 8, 2018

 

By:

/s/ Kenneth P. Regan

 

 

 

Chief Executive Officer

 

 

 

 

 

 

By:

/s/ Angie D. Stock

 

 

 

Chief Accounting Officer

 

A signed original of this written statement required by Section 906 has been provided to Sterling Real Estate Trust and will be retained by Sterling Real Estate Trust and furnished to the Securities and Exchange Commission or its staff upon request.

 


EX-101.INS 5 sret-20180930.xml EX-101.INS 0001412502 ck0001412502:ShareRedemptionPlansMember 2018-09-30 0001412502 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2018-09-30 0001412502 us-gaap:AdditionalPaidInCapitalMember 2018-09-30 0001412502 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2018-09-30 0001412502 ck0001412502:NoncontrollingInterestInPartiallyOwnedPropertiesMember 2018-09-30 0001412502 ck0001412502:NoncontrollingInterestInOperatingPartnershipMember 2018-09-30 0001412502 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2017-12-31 0001412502 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0001412502 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2017-12-31 0001412502 ck0001412502:NoncontrollingInterestInPartiallyOwnedPropertiesMember 2017-12-31 0001412502 ck0001412502:NoncontrollingInterestInOperatingPartnershipMember 2017-12-31 0001412502 ck0001412502:BeneficialInterestMember 2017-12-31 0001412502 2018-01-01 0001412502 2017-03-29 0001412502 us-gaap:RestatementAdjustmentMember us-gaap:AccountingStandardsUpdate201618Member 2017-09-30 0001412502 us-gaap:RestatementAdjustmentMember us-gaap:AccountingStandardsUpdate201618Member 2016-12-31 0001412502 ck0001412502:ResidentialMember 2018-09-30 0001412502 ck0001412502:CommercialMember 2018-09-30 0001412502 ck0001412502:ResidentialMember 2017-12-31 0001412502 ck0001412502:CommercialMember 2017-12-31 0001412502 us-gaap:FurnitureAndFixturesMember us-gaap:MinimumMember 2018-01-01 2018-09-30 0001412502 us-gaap:FurnitureAndFixturesMember us-gaap:MaximumMember 2018-01-01 2018-09-30 0001412502 us-gaap:BuildingAndBuildingImprovementsMember 2018-01-01 2018-09-30 0001412502 us-gaap:PartnershipMember us-gaap:MinimumMember 2018-01-01 2018-09-30 0001412502 us-gaap:PartnershipMember 2018-01-01 2018-09-30 0001412502 us-gaap:PartnershipMember 2018-09-30 0001412502 us-gaap:PartnershipMember 2017-12-31 0001412502 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2018-01-01 2018-09-30 0001412502 us-gaap:ResidentialRealEstateMember stpr:NE 2018-09-30 0001412502 us-gaap:ResidentialRealEstateMember stpr:ND 2018-09-30 0001412502 us-gaap:ResidentialRealEstateMember stpr:MO 2018-09-30 0001412502 us-gaap:ResidentialRealEstateMember stpr:MN 2018-09-30 0001412502 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-09-30 0001412502 us-gaap:FairValueInputsLevel3Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2017-12-31 0001412502 ck0001412502:NoncontrollingInterestInPartiallyOwnedPropertiesMember 2018-01-01 2018-09-30 0001412502 ck0001412502:TenantInCommonMember us-gaap:MortgagesMember 2018-09-30 0001412502 ck0001412502:GrandForksMarketplaceRetailCenterMember us-gaap:MortgagesMember 2018-09-30 0001412502 ck0001412502:TenantInCommonMember us-gaap:MortgagesMember 2017-12-31 0001412502 ck0001412502:GrandForksMarketplaceRetailCenterMember us-gaap:MortgagesMember 2017-12-31 0001412502 ck0001412502:WellsFargoBankMember 2018-09-30 0001412502 ck0001412502:BremerBankAgreementTwoMember 2018-09-30 0001412502 ck0001412502:BremerBankAgreementOneMember 2018-09-30 0001412502 ck0001412502:AgreementWithBankOfWestMember 2018-09-30 0001412502 ck0001412502:WellsFargoBankMember 2018-01-01 2018-09-30 0001412502 ck0001412502:BremerBankAgreementTwoMember 2018-01-01 2018-09-30 0001412502 ck0001412502:BremerBankAgreementOneMember 2018-01-01 2018-09-30 0001412502 ck0001412502:AgreementWithBankOfWestMember 2018-01-01 2018-09-30 0001412502 us-gaap:LandAndLandImprovementsMember ck0001412502:ResidentialMember 2018-09-30 0001412502 us-gaap:LandAndLandImprovementsMember ck0001412502:CommercialMember 2018-09-30 0001412502 us-gaap:LandAndLandImprovementsMember 2018-09-30 0001412502 us-gaap:LandAndLandImprovementsMember ck0001412502:ResidentialMember 2017-12-31 0001412502 us-gaap:LandAndLandImprovementsMember ck0001412502:CommercialMember 2017-12-31 0001412502 us-gaap:LandAndLandImprovementsMember 2017-12-31 0001412502 us-gaap:BuildingAndBuildingImprovementsMember ck0001412502:ResidentialMember 2018-09-30 0001412502 us-gaap:BuildingAndBuildingImprovementsMember ck0001412502:CommercialMember 2018-09-30 0001412502 us-gaap:BuildingAndBuildingImprovementsMember 2018-09-30 0001412502 us-gaap:BuildingAndBuildingImprovementsMember ck0001412502:ResidentialMember 2017-12-31 0001412502 us-gaap:BuildingAndBuildingImprovementsMember ck0001412502:CommercialMember 2017-12-31 0001412502 us-gaap:BuildingAndBuildingImprovementsMember 2017-12-31 0001412502 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-09-30 0001412502 us-gaap:FairValueMeasurementsRecurringMember 2018-09-30 0001412502 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-09-30 0001412502 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-09-30 0001412502 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2017-12-31 0001412502 us-gaap:FairValueMeasurementsRecurringMember 2017-12-31 0001412502 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2017-12-31 0001412502 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2017-12-31 0001412502 2017-01-01 2017-12-31 0001412502 us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember ck0001412502:RetailPropertyAustinTXMember 2018-07-01 2018-07-31 0001412502 us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember ck0001412502:IndustrialPropertyRedwoodFallsMNMember 2018-04-01 2018-04-30 0001412502 us-gaap:LeasesAcquiredInPlaceMember 2018-09-30 0001412502 us-gaap:AboveMarketLeasesMember 2018-09-30 0001412502 us-gaap:LeasesAcquiredInPlaceMember 2017-12-31 0001412502 us-gaap:AboveMarketLeasesMember 2017-12-31 0001412502 us-gaap:FairValueMeasurementsNonrecurringMember 2018-09-30 0001412502 us-gaap:FairValueMeasurementsNonrecurringMember 2017-09-30 0001412502 us-gaap:MinimumMember 2018-01-01 2018-09-30 0001412502 us-gaap:MinimumMember 2017-01-01 2017-12-31 0001412502 us-gaap:MaximumMember 2017-01-01 2017-12-31 0001412502 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2018-01-01 2018-09-30 0001412502 ck0001412502:NoncontrollingInterestInOperatingPartnershipMember 2018-01-01 2018-09-30 0001412502 ck0001412502:OperatingPartnershipMember 2018-07-01 2018-09-30 0001412502 ck0001412502:OperatingPartnershipMember 2017-07-01 2017-09-30 0001412502 us-gaap:ConstructionInProgressMember ck0001412502:ResidentialMember 2018-09-30 0001412502 us-gaap:ConstructionInProgressMember ck0001412502:CommercialMember 2018-09-30 0001412502 us-gaap:ConstructionInProgressMember 2018-09-30 0001412502 us-gaap:ConstructionInProgressMember ck0001412502:ResidentialMember 2017-12-31 0001412502 us-gaap:ConstructionInProgressMember 2017-12-31 0001412502 ck0001412502:FixedRateMortgageNotesPayableMember ck0001412502:MortgageNotesPayableMember us-gaap:WeightedAverageMember 2018-09-30 0001412502 ck0001412502:FixedRateMortgageNotesPayableMember ck0001412502:MortgageNotesPayableMember us-gaap:MinimumMember 2018-09-30 0001412502 ck0001412502:FixedRateMortgageNotesPayableMember ck0001412502:MortgageNotesPayableMember us-gaap:MaximumMember 2018-09-30 0001412502 ck0001412502:FixedRateMortgageNotesPayableMember ck0001412502:MortgageNotesPayableMember us-gaap:WeightedAverageMember 2017-12-31 0001412502 ck0001412502:FixedRateMortgageNotesPayableMember ck0001412502:MortgageNotesPayableMember us-gaap:MinimumMember 2017-12-31 0001412502 ck0001412502:FixedRateMortgageNotesPayableMember ck0001412502:MortgageNotesPayableMember us-gaap:MaximumMember 2017-12-31 0001412502 ck0001412502:FixedRateMortgageNotesPayableMember ck0001412502:MortgageNotesPayableMember 2018-09-30 0001412502 ck0001412502:FixedRateMortgageNotesPayableMember ck0001412502:MortgageNotesPayableMember 2017-12-31 0001412502 ck0001412502:WellsFargoBankMember ck0001412502:OneMonthLondonInterbankOfferedRateLiborMember 2018-01-01 2018-09-30 0001412502 ck0001412502:BremerBankAgreementTwoMember ck0001412502:FloatingLondonInterbankOfferedRateLiborMember 2018-01-01 2018-09-30 0001412502 ck0001412502:AgreementWithBankOfWestMember us-gaap:LondonInterbankOfferedRateLIBORMember 2018-01-01 2018-09-30 0001412502 us-gaap:CommonStockMember 2018-09-30 0001412502 us-gaap:CommonStockMember 2017-12-31 0001412502 ck0001412502:BeneficialInterestMember 2018-09-30 0001412502 us-gaap:SubsequentEventMember 2018-10-15 2018-10-15 0001412502 2016-12-31 0001412502 us-gaap:ScenarioPreviouslyReportedMember us-gaap:AccountingStandardsUpdate201618Member 2017-09-30 0001412502 us-gaap:ScenarioPreviouslyReportedMember us-gaap:AccountingStandardsUpdate201618Member 2016-12-31 0001412502 us-gaap:CommercialRealEstateMember stpr:WI 2018-09-30 0001412502 us-gaap:CommercialRealEstateMember stpr:NE 2018-09-30 0001412502 us-gaap:CommercialRealEstateMember stpr:ND 2018-09-30 0001412502 us-gaap:CommercialRealEstateMember stpr:MS 2018-09-30 0001412502 us-gaap:CommercialRealEstateMember stpr:MN 2018-09-30 0001412502 us-gaap:CommercialRealEstateMember stpr:MI 2018-09-30 0001412502 us-gaap:CommercialRealEstateMember stpr:LA 2018-09-30 0001412502 us-gaap:CommercialRealEstateMember stpr:IA 2018-09-30 0001412502 us-gaap:CommercialRealEstateMember stpr:CO 2018-09-30 0001412502 us-gaap:CommercialRealEstateMember stpr:AR 2018-09-30 0001412502 ck0001412502:OperatingPartnershipMember ck0001412502:TenantInCommonMember 2018-09-30 0001412502 us-gaap:LeasesAcquiredInPlaceMember 2018-07-01 2018-09-30 0001412502 us-gaap:AboveMarketLeasesMember 2018-07-01 2018-09-30 0001412502 us-gaap:LeasesAcquiredInPlaceMember 2018-01-01 2018-09-30 0001412502 us-gaap:AboveMarketLeasesMember 2018-01-01 2018-09-30 0001412502 us-gaap:LeasesAcquiredInPlaceMember 2017-07-01 2017-09-30 0001412502 us-gaap:AboveMarketLeasesMember 2017-07-01 2017-09-30 0001412502 us-gaap:LeasesAcquiredInPlaceMember 2017-01-01 2017-09-30 0001412502 us-gaap:AboveMarketLeasesMember 2017-01-01 2017-09-30 0001412502 ck0001412502:InterestRateSwapMaturingInApril2020Member 2018-09-30 0001412502 2018-11-05 0001412502 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-09-30 0001412502 ck0001412502:BeneficialInterestMember 2018-01-01 2018-09-30 0001412502 us-gaap:CommonStockMember 2018-01-01 2018-09-30 0001412502 us-gaap:BoardOfDirectorsChairmanMember 2018-01-01 2018-09-30 0001412502 ck0001412502:TrusteeMember 2018-01-01 2018-09-30 0001412502 ck0001412502:OtherCommitteeMember 2018-01-01 2018-09-30 0001412502 ck0001412502:NamesTrusteeMember 2018-01-01 2018-09-30 0001412502 ck0001412502:ResidentialMember 2018-07-01 2018-09-30 0001412502 ck0001412502:CommercialMember 2018-07-01 2018-09-30 0001412502 ck0001412502:ResidentialMember 2018-01-01 2018-09-30 0001412502 ck0001412502:CommercialMember 2018-01-01 2018-09-30 0001412502 ck0001412502:ResidentialMember 2017-07-01 2017-09-30 0001412502 ck0001412502:CommercialMember 2017-07-01 2017-09-30 0001412502 ck0001412502:ResidentialMember 2017-01-01 2017-09-30 0001412502 ck0001412502:CommercialMember 2017-01-01 2017-09-30 0001412502 ck0001412502:RealEstatePropertyAcquisitions2018Member 2018-01-01 2018-09-30 0001412502 ck0001412502:RealEstatePropertyAcquisitions2017Member 2018-01-01 2018-09-30 0001412502 ck0001412502:GoldmarkPropertyManagementMember 2018-01-01 2018-09-30 0001412502 ck0001412502:GoldmarkPropertyManagementMember 2017-01-01 2017-09-30 0001412502 ck0001412502:GoldmarkSchlossmanCommercialRealEstateServicesMember 2018-09-30 0001412502 ck0001412502:GoldmarkSchlossmanCommercialRealEstateServicesMember 2017-12-31 0001412502 ck0001412502:GoldmarkSchlossmanCommercialRealEstateServicesMember 2018-01-01 2018-09-30 0001412502 ck0001412502:GoldmarkSchlossmanCommercialRealEstateServicesMember 2017-01-01 2017-09-30 0001412502 ck0001412502:Chandler1834AparmentComplexGrandForksNdMember 2018-09-01 2018-09-01 0001412502 ck0001412502:ThunderCreekApartmentsFargoNDMember 2018-03-01 2018-03-01 0001412502 ck0001412502:EagleBridgeApartmentsFargoNDMember 2017-07-03 2017-07-03 0001412502 ck0001412502:ParkCircleApartmentsFargoNdMember 2017-06-01 2017-06-01 0001412502 ck0001412502:JadestoneApartmentsFargoNdMember 2017-06-01 2017-06-01 0001412502 ck0001412502:EssexApartmentsFargoNdMember 2017-06-01 2017-06-01 0001412502 ck0001412502:SunchaseApartmentsFargoNdMember 2017-05-01 2017-05-01 0001412502 ck0001412502:PlumtreeApartmentsFargoNdMember 2017-05-01 2017-05-01 0001412502 ck0001412502:WestOakFargoNDMember 2017-01-17 2017-01-17 0001412502 ck0001412502:CarrFargoNDMember 2017-01-17 2017-01-17 0001412502 ck0001412502:ArrowheadGrandForksNDMember 2017-01-11 2017-01-11 0001412502 ck0001412502:SargentApartmentsFargoNDMember 2017-01-10 2017-01-10 0001412502 us-gaap:FairValueMeasurementsNonrecurringMember 2018-01-01 2018-09-30 0001412502 us-gaap:FairValueMeasurementsNonrecurringMember 2017-01-01 2017-09-30 0001412502 us-gaap:RealEstateMember 2018-01-01 2018-09-30 0001412502 us-gaap:ResidentialRealEstateMember 2018-09-30 0001412502 us-gaap:CommercialRealEstateMember 2018-09-30 0001412502 ck0001412502:OperatingPartnershipMember ck0001412502:GrandForksMarketplaceRetailCenterMember 2018-09-30 0001412502 ck0001412502:EntityAffiliatedWithMessrsReganAndWielandMember 2018-01-01 2018-09-30 0001412502 ck0001412502:EntityAffiliatedWithMessrsReganAndWielandMember 2017-01-01 2017-09-30 0001412502 us-gaap:MaximumMember 2018-01-01 2018-09-30 0001412502 us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember ck0001412502:OfficePropertyBismarckNDMember 2018-07-01 2018-07-31 0001412502 ck0001412502:SpecificApartmentComplex31UnitFargoNDMember us-gaap:SubsequentEventMember 2018-11-01 2018-11-01 0001412502 ck0001412502:SpecificApartmentComplex17UnitFargoNDMember us-gaap:SubsequentEventMember 2018-11-01 2018-11-01 0001412502 ck0001412502:SpecificApartmentComplex173UnitOmahaNEMember us-gaap:SubsequentEventMember 2018-11-01 2018-11-01 0001412502 ck0001412502:SpecificApartmentComplex96UnitBismarckNDMember us-gaap:SubsequentEventMember 2018-10-24 2018-10-24 0001412502 ck0001412502:SpecificApartmentComplex30UnitFargoNDMember us-gaap:SubsequentEventMember 2018-10-01 2018-10-01 0001412502 us-gaap:ScenarioPreviouslyReportedMember us-gaap:AccountingStandardsUpdate201618Member 2017-01-01 2017-09-30 0001412502 us-gaap:RestatementAdjustmentMember us-gaap:AccountingStandardsUpdate201618Member 2017-01-01 2017-09-30 0001412502 ck0001412502:SingleAssetLimitedLiabilityCompanyMember 2017-04-01 2017-06-30 0001412502 us-gaap:FurnitureAndFixturesMember ck0001412502:ResidentialMember 2018-09-30 0001412502 us-gaap:FurnitureAndFixturesMember ck0001412502:CommercialMember 2018-09-30 0001412502 us-gaap:FurnitureAndFixturesMember 2018-09-30 0001412502 us-gaap:FurnitureAndFixturesMember ck0001412502:ResidentialMember 2017-12-31 0001412502 us-gaap:FurnitureAndFixturesMember ck0001412502:CommercialMember 2017-12-31 0001412502 us-gaap:FurnitureAndFixturesMember 2017-12-31 0001412502 2017-07-11 0001412502 2012-07-20 0001412502 ck0001412502:RangeTwoMember us-gaap:MinimumMember ck0001412502:AdvisoryAgreementMember 2018-01-01 2018-09-30 0001412502 ck0001412502:RangeTwoMember us-gaap:MaximumMember ck0001412502:AdvisoryAgreementMember 2018-01-01 2018-09-30 0001412502 ck0001412502:RangeThreeMember us-gaap:MinimumMember ck0001412502:AdvisoryAgreementMember 2018-01-01 2018-09-30 0001412502 ck0001412502:RangeThreeMember us-gaap:MaximumMember ck0001412502:AdvisoryAgreementMember 2018-01-01 2018-09-30 0001412502 ck0001412502:RangeOneMember us-gaap:MinimumMember ck0001412502:AdvisoryAgreementMember 2018-01-01 2018-09-30 0001412502 ck0001412502:RangeOneMember us-gaap:MaximumMember ck0001412502:AdvisoryAgreementMember 2018-01-01 2018-09-30 0001412502 ck0001412502:RangeFourMember us-gaap:MinimumMember ck0001412502:AdvisoryAgreementMember 2018-01-01 2018-09-30 0001412502 ck0001412502:RangeFourMember us-gaap:MaximumMember ck0001412502:AdvisoryAgreementMember 2018-01-01 2018-09-30 0001412502 ck0001412502:RangeFiveMember us-gaap:MinimumMember ck0001412502:AdvisoryAgreementMember 2018-01-01 2018-09-30 0001412502 ck0001412502:RangeFiveMember us-gaap:MaximumMember ck0001412502:AdvisoryAgreementMember 2018-01-01 2018-09-30 0001412502 us-gaap:MinimumMember ck0001412502:AdvisoryAgreementMember 2018-01-01 2018-09-30 0001412502 ck0001412502:RangeTwoMember ck0001412502:AdvisoryAgreementMember 2018-01-01 2018-09-30 0001412502 ck0001412502:RangeThreeMember ck0001412502:AdvisoryAgreementMember 2018-01-01 2018-09-30 0001412502 ck0001412502:RangeOneMember ck0001412502:AdvisoryAgreementMember 2018-01-01 2018-09-30 0001412502 ck0001412502:RangeFourMember ck0001412502:AdvisoryAgreementMember 2018-01-01 2018-09-30 0001412502 ck0001412502:RangeFiveMember ck0001412502:AdvisoryAgreementMember 2018-01-01 2018-09-30 0001412502 2017-09-30 0001412502 ck0001412502:SingleAssetLimitedLiabilityCompanyMember 2017-05-01 0001412502 ck0001412502:FixedRateMortgageNotesPayableMember ck0001412502:MortgageNotesPayableMember 2018-01-01 2018-09-30 0001412502 ck0001412502:FixedRateMortgageNotesPayableMember ck0001412502:MortgageNotesPayableMember 2017-01-01 2017-12-31 0001412502 ck0001412502:BremerBankAgreementOneMember us-gaap:PrimeRateMember 2018-01-01 2018-09-30 0001412502 ck0001412502:GoldmarkDevelopmentMember 2018-09-30 0001412502 ck0001412502:GoldmarkDevelopmentMember 2017-12-31 0001412502 us-gaap:PartnershipMember 2017-01-01 2017-09-30 0001412502 ck0001412502:DairyQueenRetailBuildingAppleValleyMNMember 2018-09-17 2018-09-17 0001412502 ck0001412502:SingleAssetLimitedLiabilityCompanyMember 2017-05-01 2017-05-01 0001412502 ck0001412502:SterlingManagementLlcMember 2018-01-01 2018-09-30 0001412502 2017-07-01 2017-09-30 0001412502 ck0001412502:SterlingManagementLlcMember 2017-01-01 2017-09-30 0001412502 ck0001412502:AdvisoryAgreementMember 2018-01-01 2018-09-30 0001412502 ck0001412502:ShareRedemptionPlansMember 2018-01-01 2018-09-30 0001412502 ck0001412502:ShareRedemptionPlansMember 2017-01-01 2017-09-30 0001412502 ck0001412502:SterlingManagementLlcMember 2018-09-30 0001412502 ck0001412502:SterlingManagementLlcMember 2017-12-31 0001412502 us-gaap:MaximumMember ck0001412502:AdvisoryAgreementMember 2018-01-01 2018-09-30 0001412502 2018-07-01 2018-09-30 0001412502 2018-01-01 2018-09-30 0001412502 2017-01-01 2017-09-30 0001412502 2018-09-30 0001412502 2017-12-31 ck0001412502:segment ck0001412502:property ck0001412502:employee iso4217:USD xbrli:shares ck0001412502:item utr:sqft xbrli:shares iso4217:USD ck0001412502:item xbrli:pure iso4217:USD 1943000 1981000 1375000 583000 434000 0.06 0 91000 14378000 2176000 896000 1068000 0 6000 375000 0.025 2114000 2114000 714000 2167000 2167000 727000 238000 244000 603000 118000 9651000 4727000 2176000 5348 23466000 23313000 72000 0.025 <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-size:10pt;">NOTE 17 &#x2013; ACQUISITIONS</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The Company closed on the following acquisitions during the nine months ended September 30, 2018:</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Date</font></p> </td> <td valign="bottom" style="width:00.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Property Name</font></p> </td> <td valign="bottom" style="width:00.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Location</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Property Type</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Units/ Square Footage/ Acres</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Acquisition Price</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Prorata Acquisition Price</font></p> </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">3/1/18</font></p> </td> <td valign="bottom" style="width:00.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Thunder Creek Apartments</font></p> </td> <td valign="bottom" style="width:00.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Fargo, ND</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apartment complex</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">57 units</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 4,460</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 4,460</font></p> </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">9/1/18</font></p> </td> <td valign="bottom" style="width:00.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Chandler 1834</font></p> </td> <td valign="bottom" style="width:00.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Grand Forks, ND</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apartment complex</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">12 units</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 630</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 630</font></p> </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">9/17/18</font></p> </td> <td valign="bottom" style="width:00.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Dairy Queen (a)</font></p> </td> <td valign="bottom" style="width:00.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apple Valley, MN</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Retail building</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">5,348 sq. ft.</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 3,000</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 3,000</font></p> </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 8,090</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 8,090</font></p> </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">(b)</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 8pt;margin:0pt;"> <font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size:8pt;;"> (a)</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 8pt;margin:0pt;"> <font style="display:inline;font-size:8pt;">This property was acquired utilizing Internal Revenue Code 1031 tax-deferred exchange funds.</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 8pt;margin:0pt;"> <font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size:8pt;;"> (b)</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 8pt;margin:0pt;"> <font style="display:inline;font-size:8pt;">Acquisition price does not include capitalized costs and adjustments of $236.</font></p></td></tr></table></div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Total consideration given for acquisitions through September 30, 2018&nbsp;was completed through issuing approximately 118,000 limited partnership units of the operating partnership valued at $18.50&nbsp;per unit for an aggregate consideration of approximately $2,176, 1031 tax-deferred exchange funds of $3,004, assumed liabilities of $71 and cash of $3,075. The value of units issued in exchange for property is determined through a value established annually by our Board of Trustees and reflects the fair value at the time of issuance.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The Company closed on the following acquisitions during the nine months ended September 30, 2017: &nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 9pt;"> <font style="display:inline;font-size:9pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Date</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Property Name</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Location</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Property Type</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Units/ Square Footage/ Acres</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Acquisition Price</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Prorata Acquisition Price</font></p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">1/10/17</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Sargent Apartments</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Fargo, ND</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apartment complex</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">36 units</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 1,710</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 1,710</font></p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">1/11/17</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Arrowhead Apartments</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Grand Forks, ND</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apartment complex</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">82 units</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 5,494</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 5,494</font></p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">1/17/17</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">West Oak Apartments</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Fargo, ND</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apartment complex</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">18 units</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 777</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 777</font></p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">1/17/17</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Carr Apartments</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Fargo, ND</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apartment complex</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">18 units</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 828</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 828</font></p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">5/1/17</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Plumtree Apartments</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Fargo, ND</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apartment complex</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">18 units</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 907</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 907</font></p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">5/1/17</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Sunchase Apartments</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Fargo, ND</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apartment complex</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">36 units</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 1,765</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 1,765</font></p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">6/1/17</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Essex Apartments</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Fargo, ND</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apartment complex</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">18 units</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 858</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 858</font></p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">6/1/17</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Jadestone Apartments</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Fargo, ND</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apartment complex</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">18 units</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 809</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 809</font></p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">6/1/17</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Park Circle Apartments</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Fargo, ND</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apartment complex</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">18 units</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 903</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 903</font></p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">7/3/17</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">East Bridge Apartments (a)</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Fargo, ND</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apartment complex</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">58 units</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 6,060</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 6,060</font></p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 20,111</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 20,111</font></p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">(b)</font></p> </td> </tr> </table></div> <p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 8pt;margin:0pt;"> <font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size:8pt;;"> (a)</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 8pt;margin:0pt;"> <font style="display:inline;font-size:8pt;">This property was acquired utilizing Internal Revenue Code 1031 tax-deferred exchange funds.</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="font-family:Times New Roman,Times,serif;font-size: 8pt;margin:0pt;"> <font style="margin:0pt;font-family:Times New Roman,Times,serif;font-size:8pt;;"> (b)</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="font-family:Times New Roman,Times,serif;font-size: 8pt;margin:0pt;"> <font style="display:inline;font-size:8pt;">Acquisition price does not include capitalized costs and adjustments of $158.</font></p></td></tr></table></div> <p style="margin:0pt 0pt 0pt 36pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:1pt;"> &nbsp; &nbsp;</font><font style="display:inline;font-size:10pt;">Total consideration given for acquisitions through September 30, 2017&nbsp;was completed through issuing approximately 603,000 limited partnership units of the operating partnership valued at $16.00 per unit for an aggregate consideration of approximately $9,651, 1031 tax-deferred exchange funds of $4,278, new loans of $2,392, assumed liabilities of $72 and cash of $3,635. The value of units issued in exchange for property is determined through a value established annually by our Board of Trustees and reflects the fair value at the time of issuance.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In addition, as of May 1, 2017, the operating partnership acquired the remaining 59.74% ownership interest in a 144-unit property which was previously held as tenant in common. We estimated the property had a fair value of approximately $10,080.&nbsp;&nbsp;The operating partnership assumed a loan of $1,295 and issued $4,727 of limited partnership units for a total purchase price of approximately $6,022.&nbsp;&nbsp;The Company accounted for this as a business combination and recognized a gain on change in control of real estate investment of $2,186 in the second quarter of 2017 as a result of remeasuring the carrying value to fair value.&nbsp;&nbsp;The total loan on this property was $2,167, thus in addition to the portion of the loan assumed from the other tenant in common, the Company also recorded an additional $872 in new financing related to this acquisition.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The following table summarizes the acquisition date fair values, before prorations, the Company recorded in conjunction with the acquisitions discussed above:</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.56%;"> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:18.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Nine Months Ended</font></p> </td> </tr> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:18.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">September 30,</font></p> </td> </tr> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">2018</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">2017</font></p> </td> </tr> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Land, building, tenant improvements and FF&amp;E</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 8,326</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:06.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 20,111</font></p> </td> </tr> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Other liabilities</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (71)</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (72)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Net assets acquired</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 8,255</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 20,039</font></p> </td> </tr> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Equity/limited partnership unit consideration</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (2,176)</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (9,651)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Restricted cash proceeds related to IRC Section 1031 tax-deferred exchange</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (3,004)</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (4,278)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">New loans</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> &nbsp;-</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (2,392)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Net cash consideration</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 3,075</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:06.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 3,718</font></p> </td> </tr> </table></div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-style:italic;font-size:10pt;">Estimated Value of Units/Shares</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The Board of Trustees determined an estimate of fair value for the trust shares in the first nine months of 2018 and 2017.&nbsp;&nbsp;In addition, the Board of Trustees, acting as general partner for the operating partnership, determined an estimate of fair value for the limited partnership units in the first nine months of 2018 and 2017.&nbsp;&nbsp;In determining this value, the Board relied upon their experience with, and knowledge about, the Trust&#x2019;s real estate portfolio and debt obligations.&nbsp;&nbsp;The Board typically determines the share price on an annual basis. The trustees determine the price in their discretion and use data points to guide their determination which is typically based on a consensus of opinion. In addition, the Board considers how the price chosen will affect existing share and unit values, redemption prices, dividend coverage ratios, yield&nbsp;percentages, dividend reinvestment factors, and future UPREIT transactions, among other considerations and information. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The Board determined the fair value of the shares and limited partnership units to be $16.50 per share/unit effective March 29, 2017. The Board determined the fair value of the shares and limited partnership units to be $18.50 per share/unit effective January 1, 2018.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Determination of price is a matter within the Board&#x2019;s sole discretion. The Trust does not determine price based on any rote formula or specific factors. At this time, no shares are held in street name accounts and the Trust is not subject to FINRA&#x2019;s specific pricing requirements set out in Rule&nbsp;2340 or otherwise. Thus, the Trust does not employ any specific valuation methodology or formula. Rather, the Board looks to available data and information, which is often adjusted and weighted to comport more closely with the assets held by the Trust at the time of valuation. The principal valuation methodology utilized is the NAV calculation/direct capitalization method. The information made available to the Board is assembled by the Trust&#x2019;s Advisor.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">As with any valuation methodology, the methodologies utilized by the Board in reaching an estimate of the value of the shares and limited partnership units are based upon a number of estimates, assumptions, judgments or opinions that may, or may not, prove to be correct.&nbsp;&nbsp;The use of different estimates, assumptions, judgments, or opinions would likely have resulted in significantly different estimates of the value of the shares and limited partnership units.&nbsp;&nbsp;In addition, the Board&#x2019;s estimate of share and limited partnership unit value is not based on the book values of our real estate, as determined by GAAP, as our book value for most real estate is based on the amortized cost of the property, subject to certain adjustments.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Furthermore, in reaching an estimate of the value of the shares and limited partnership units, the Board applied a liquidity discount to one valuation scenario in order to reflect the fact that the shares and limited partnership units are not currently traded on a national securities exchange and did not consider: a discount for debt that may include a prepayment obligation or a provision precluding assumption of the debt by a third party or the costs that are likely to be incurred in connection with an appropriate exit strategy, whether that strategy might be a listing of the limited partnership units or common shares on a national securities exchange or a merger or sale of our portfolio. </font> </p><div /></div> </div> 133000 8997000 0 6 <div> <div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Construction in Progress</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The Company capitalizes direct and certain indirect project costs incurred during the development period such as construction, insurance, architectural, legal, interest and other financing costs, and real estate taxes.&nbsp;&nbsp;At such time as the development is considered substantially complete, the capitalization of certain indirect costs such as real estate taxes and interest and financing costs cease and all project-related costs included in construction in process are reclassified to land and building and other improvements.</font> </p><div /></div> </div> 375000 0.0050 913000 877000 872000 2392000 1216000 35000 0.030 0.035 0.050 0.040 0.045 0.05 0.03 2000000 1700000 1700000 1350000 500000 0 1350000 950000 950000 500000 235000 0 10 104000 104000 110000 130000 0 0 2067000 2248000 3836000 4256000 <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-size:10pt;">NOTE 13 &#x2013; DIVIDEND REINVESTMENT PLAN</font> </p> <p style="margin:0pt;font-weight:bold;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Our Board of Trustees approved a dividend reinvestment plan to provide existing holders of our common shares with a method to purchase additional common shares without payment of brokerage commissions, fees or service charges. On July 20, 2012, we registered with the Securities Exchange Commission 2,000,000 common shares to be issued under the plan on Form S-3D, which automatically became effective on July 20, 2012.&nbsp;&nbsp;On July 11, 2017, we registered with the Securities Exchange Commission an additional 2,000,000 common shares to be issued under the plan on Form S-3D, which automatically became effective on July 11, 2017.&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Under this plan, eligible shareholders may elect to have all or a portion (but not less than 25%) of the cash dividends they receive automatically reinvested in our common shares. If an eligible shareholder elects to reinvest cash dividends under the plan, the shareholder may also make additional optional cash purchases of our common shares, not to exceed $10 per fiscal quarter without our prior approval. The purchase price per common share under the plan equals 95% of the estimated value per common share for dividend reinvestments and equals 100% of the estimated value per common share for additional optional cash purchases, as determined by our Board of Trustees. In addition, eligible shareholders may not in any calendar year purchase or receive via transfer more than $40&nbsp;additional optional cash purchases of Common Shares.&nbsp;&nbsp;The estimated value per common share was $18.50 and $16.50 at September 30, 2018&nbsp;and December 31, 2017, respectively. See discussion of determination of estimated value in Note 17. Therefore, the purchase price per common share for dividend reinvestments was $17.58 and $15.68 and for additional optional cash purchases was $18.50 and $16.50 at September 30, 2018&nbsp;and December 31, 2017, respectively. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The Board, in its sole discretion, may amend, suspend or terminate the plan at any time, without the consent of shareholders, upon a ten-day notice to participants.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In the nine months ended September 30, 2018, &nbsp;243,000 shares were issued pursuant to dividend reinvestments and 166,000 shares were issued pursuant to additional optional cash purchases under the plan.&nbsp;&nbsp;In the nine months ended September 30, 2017, &nbsp;247,000 shares were issued pursuant to dividend reinvestments and 134,000 shares were issued pursuant to additional optional cash purchases under the plan.&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p><div /></div> </div> 0.25 P10D 2000000 2000000 1.00 0.95 16.50 18.50 15.680 17.58 134000 166000 16.50 18.50 38000 0.0025 97000 61000 0 8000 26847000 1466000 25381000 27203000 1466000 25737000 189000 1467000 100000 2049000 -3000 4298000 3214000 2186000 2186000 -4328000 4328000 -952000 952000 1141000 399000 0.0035 40000 10000 not to exceed one-twelfth of 0.35% of the total assets 3180000 2576000 17470000 17189000 1367000 71000 572000 215000 10147000 2264000 11651000 4739000 -222000 -90000 -127000 -34000 5240000 390000 6416000 3520000 30 96 173 17 31 3 1 2 122 121 0 0 0 402000 42000 6425000 773000 0.3264 0.3346 1.00 0.5974 0.278 0.722 0.75 0.75 420000 141000 1937000 1111000 2192000 3080000 <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:16.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:38.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:16.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Total Cost</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:16.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Fee</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Range of Fee</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:38.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Formula</font></p> </td> </tr> <tr> <td valign="bottom" style="width:16.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">0 &#x2013; 10M</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.0 </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">%</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">0 &nbsp;&#x2013;.5M</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:38.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">0M &#x2013; 5.0% x (TC &#x2013; 0M)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:16.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">10M - 20M</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.5 </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">%</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">.5 M &#x2013; .95M</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:38.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">.50M &#x2013; 4.5% x (TC &#x2013; 10M)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:16.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">20M &#x2013; 30M</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.0 </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">%</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">.95 M &#x2013; 1.35M</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:38.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">.95M &#x2013; 4.0% x (TC &#x2013; 20M)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:16.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">30M &#x2013; 40M</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.5 </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">%</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">1.35 M &#x2013; 1.70M</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:38.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">1.35M &#x2013; 3.5% x (TC &#x2013; 30M)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:16.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">40M &#x2013; 50M</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.0 </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">%</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">1.70 M &#x2013; 2.00M</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:38.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">1.70M &#x2013; 3.0% x (TC &#x2013; 40M)</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 9163000 3137000 10541000 3361000 71000 158000 236000 9651000 2176000 2392000 20111000 1710000 5494000 828000 777000 907000 6022000 1765000 858000 809000 903000 6060000 8090000 4460000 630000 3000000 1350000 5826000 11170000 714000 1054000 549000 21000 0 0 126000 108000 10080000 20111000 1710000 5494000 828000 777000 907000 1765000 858000 809000 903000 6060000 8090000 4460000 630000 3000000 5603000 6610000 11000 23000 3808000 3921000 4278000 3004000 0.10 0.95 <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.56%;"> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:18.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Nine Months Ended</font></p> </td> </tr> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:18.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">September 30,</font></p> </td> </tr> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">2018</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">2017</font></p> </td> </tr> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Land, building, tenant improvements and FF&amp;E</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 8,326</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:06.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 20,111</font></p> </td> </tr> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Other liabilities</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (71)</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (72)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Net assets acquired</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 8,255</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 20,039</font></p> </td> </tr> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Equity/limited partnership unit consideration</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (2,176)</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (9,651)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Restricted cash proceeds related to IRC Section 1031 tax-deferred exchange</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (3,004)</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (4,278)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">New loans</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> &nbsp;-</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (2,392)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:06.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:49.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Net cash consideration</font></p> </td> <td valign="bottom" style="width:00.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 3,075</font></p> </td> <td valign="bottom" style="width:01.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:06.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 3,718</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Date</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Property Name</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Location</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Property Type</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Units/ Square Footage/ Acres</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Acquisition Price</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Prorata Acquisition Price</font></p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">1/10/17</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Sargent Apartments</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Fargo, ND</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apartment complex</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">36 units</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 1,710</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 1,710</font></p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">1/11/17</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Arrowhead Apartments</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Grand Forks, ND</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apartment complex</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">82 units</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 5,494</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 5,494</font></p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">1/17/17</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">West Oak Apartments</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Fargo, ND</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apartment complex</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">18 units</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 777</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 777</font></p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">1/17/17</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Carr Apartments</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Fargo, ND</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apartment complex</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">18 units</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 828</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 828</font></p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">5/1/17</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Plumtree Apartments</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Fargo, ND</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apartment complex</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">18 units</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 907</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 907</font></p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">5/1/17</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Sunchase Apartments</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Fargo, ND</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apartment complex</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">36 units</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 1,765</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 1,765</font></p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">6/1/17</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Essex Apartments</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Fargo, ND</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apartment complex</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">18 units</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 858</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 858</font></p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">6/1/17</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Jadestone Apartments</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Fargo, ND</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apartment complex</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">18 units</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 809</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 809</font></p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">6/1/17</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Park Circle Apartments</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Fargo, ND</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apartment complex</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">18 units</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 903</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 903</font></p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">7/3/17</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">East Bridge Apartments (a)</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Fargo, ND</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apartment complex</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">58 units</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 6,060</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 6,060</font></p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:08.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 20,111</font></p> </td> <td valign="bottom" style="width:01.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 3pt 0.05pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 20,111</font></p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">(b)</font></p> </td> </tr> </table></div> <p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 8pt;margin:0pt;"> <font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size:8pt;;"> (a)</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 8pt;margin:0pt;"> <font style="display:inline;font-size:8pt;">This property was acquired utilizing Internal Revenue Code 1031 tax-deferred exchange funds.</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="font-family:Times New Roman,Times,serif;font-size: 8pt;margin:0pt;"> <font style="margin:0pt;font-family:Times New Roman,Times,serif;font-size:8pt;;"> (b)</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="font-family:Times New Roman,Times,serif;font-size: 8pt;margin:0pt;"> <font style="display:inline;font-size:8pt;">Acquisition price does not include capitalized costs and adjustments of $158.</font></p></td></tr></table></div> <p style="margin:0pt 0pt 0pt 36pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Date</font></p> </td> <td valign="bottom" style="width:00.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Property Name</font></p> </td> <td valign="bottom" style="width:00.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Location</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Property Type</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Units/ Square Footage/ Acres</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Acquisition Price</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Prorata Acquisition Price</font></p> </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">3/1/18</font></p> </td> <td valign="bottom" style="width:00.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Thunder Creek Apartments</font></p> </td> <td valign="bottom" style="width:00.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Fargo, ND</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apartment complex</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">57 units</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 4,460</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 4,460</font></p> </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">9/1/18</font></p> </td> <td valign="bottom" style="width:00.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Chandler 1834</font></p> </td> <td valign="bottom" style="width:00.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Grand Forks, ND</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apartment complex</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">12 units</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 630</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 630</font></p> </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">9/17/18</font></p> </td> <td valign="bottom" style="width:00.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Dairy Queen (a)</font></p> </td> <td valign="bottom" style="width:00.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Apple Valley, MN</font></p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Retail building</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">5,348 sq. ft.</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 3,000</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 3,000</font></p> </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:07.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:00.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:27.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:12.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 8,090</font></p> </td> <td valign="bottom" style="width:01.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 8,090</font></p> </td> <td valign="bottom" style="width:01.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">(b)</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 8pt;margin:0pt;"> <font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size:8pt;;"> (a)</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 8pt;margin:0pt;"> <font style="display:inline;font-size:8pt;">This property was acquired utilizing Internal Revenue Code 1031 tax-deferred exchange funds.</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 8pt;margin:0pt;"> <font style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size:8pt;;"> (b)</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 8pt;margin:0pt;"> <font style="display:inline;font-size:8pt;">Acquisition price does not include capitalized costs and adjustments of $236.</font></p></td></tr></table></div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p><div /></div> </div> 41230000 5600000 35630000 14787000 2023000 12764000 43625000 5593000 38032000 14399000 1963000 12436000 43968000 15019000 28949000 13868000 4769000 9099000 44147000 14558000 29589000 14855000 4664000 10191000 17.50 16.00 18.50 30 30 75 105 90816000 96252000 166000 3080000 3080000 3080000 58000 61000 4336000 4470000 133000 <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:88.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:88.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Buildings and improvements</font></p> </td> <td valign="bottom" style="width:02.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:08.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">40&nbsp;years</font></p> </td> </tr> <tr> <td valign="bottom" style="width:88.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Furniture, fixtures and equipment</font></p> </td> <td valign="bottom" style="width:02.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">5-9&nbsp;years</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Syndication Costs</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Syndication costs consist of costs paid to attorneys, accountants, and selling agents, related to the raising of capital. Syndication costs are recorded as a reduction to beneficial and noncontrolling interest.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p><div /></div> </div> 0.90 4278000 3004000 2167000 50000000 40000000 40000000 30000000 10000000 0 30000000 20000000 20000000 10000000 23000 19000 36 82 18 18 18 36 18 18 18 58 57 12 6463000 1918000 6965000 1960000 false --12-31 Q3 2018 2018-09-30 10-Q 0001412502 8978507 Yes Accelerated Filer Sterling Real Estate Trust 1294000 486000 1398000 5113000 4110000 7895000 9775000 -65000 -33000 0 567000 214000 70000 208000 68000 561000 523000 1855000 169000 1709000 56000 546000 1590000 166000 1516000 55000 473000 1626000 183000 75000 29000 13000 33000 15000 12000 650000 15000 780000 16000 63000 691605000 696301000 <div> <div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Basis of Presentation </font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The accompanying consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the year ended December 31, 2017, which have previously been filed with the Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (&#x201C;GAAP&#x201D;) have been omitted from this report on Form 10-Q pursuant to the rules and regulations of the SEC. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The results for the interim periods shown in this report are not necessarily indicative of future financial results. The accompanying consolidated balance sheet as of September 30, 2018 and consolidated statements of operations and other comprehensive income, consolidated statement of shareholders&#x2019; equity, and consolidated statements of cash flows for the three and nine months ended September 30, 2018 and 2017, as applicable, have not been audited by our independent registered public accounting firm. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments necessary to present fairly our consolidated financial statements as of and for the three and nine months ended September 30, 2018. These adjustments are of a normal recurring nature. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;font-weight:bold;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;text-transform:none;font-size:10pt;">NOTE 2 &#x2013; PRINCIPAL ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Basis of Presentation </font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The accompanying consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the year ended December 31, 2017, which have previously been filed with the Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (&#x201C;GAAP&#x201D;) have been omitted from this report on Form 10-Q pursuant to the rules and regulations of the SEC. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The results for the interim periods shown in this report are not necessarily indicative of future financial results. The accompanying consolidated balance sheet as of September 30, 2018 and consolidated statements of operations and other comprehensive income, consolidated statement of shareholders&#x2019; equity, and consolidated statements of cash flows for the three and nine months ended September 30, 2018 and 2017, as applicable, have not been audited by our independent registered public accounting firm. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments necessary to present fairly our consolidated financial statements as of and for the three and nine months ended September 30, 2018. These adjustments are of a normal recurring nature. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Principles of Consolidation</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The consolidated financial statements include the accounts of Sterling, &nbsp;Sterling Properties, LLLP, and wholly-owned limited liability companies. All significant intercompany transactions and balances have been eliminated in consolidation.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Additionally, we evaluate the need to consolidate affiliates based on standards set forth in the Financial Accounting Standards Board (&#x201C;FASB&#x201D;) Accounting Standards Codification (&#x201C;ASC&#x201D;) 810, Consolidation (&#x201C;ASC 810&#x201D;).&nbsp;&nbsp;In determining whether we have a requirement to consolidate the accounts of an entity, management considers factors such as our ownership interest, our authority to make decisions and contractual and substantive participating rights of the limited partners and shareholders, as well as whether the entity is a variable interest entity (&#x201C;VIE&#x201D;) for which we have both: a) the power to direct the activities of the VIE that most significantly impact the entity&#x2019;s economic performance, and b) the obligation to absorb losses or the right to receive benefits from the VIE that could be potentially significant to the VIE.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Principal Business Activity</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Sterling currently owns directly and indirectly 167 properties.&nbsp;&nbsp;The Trust&#x2019;s 119 residential properties are located in North Dakota, Minnesota, Missouri and Nebraska and are principally multifamily apartment buildings.&nbsp;&nbsp;The Trust owns 48 commercial properties primarily located in North Dakota with others located in Arkansas, Colorado, Iowa, Louisiana, Michigan, Minnesota, Mississippi, Nebraska and Wisconsin. The commercial properties include retail, office, industrial, restaurant and medical properties.&nbsp;&nbsp;Presently, the Trust&#x2019;s mix of properties is 72.2% residential and 27.8% commercial (based on cost) and total $643,540 in real estate investments at September 30, 2018. Sterling&#x2019;s current acquisition strategy and focus is on multifamily apartment properties.&nbsp; We currently have no plans to actively market our existing commercial properties for sale.&nbsp;&nbsp;We will consider unsolicited offers for purchase of non-multifamily properties on a case by case basis.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Residential Property</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Location</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">No. of Properties</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Units</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">North Dakota</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,963 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Minnesota</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,033 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Missouri</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>164 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Nebraska</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>322 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>119 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,482 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Commercial Property</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Location</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">No. of Properties</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Sq. Ft</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">North Dakota</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>780,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Arkansas</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Colorado</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Iowa</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Louisiana</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Michigan</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Minnesota</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>650,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Mississippi</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Nebraska</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Wisconsin</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>63,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>48 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,626,000 </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Concentration of Credit Risk</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Our cash balances are maintained in various bank deposit accounts. The bank deposit amounts in these accounts may exceed federally insured limits at various times throughout the year.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Use of Estimates</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Real Estate Investments</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Real estate investments are recorded at cost less accumulated depreciation.&nbsp;&nbsp;Ordinary repairs and maintenance are expensed as incurred.&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The Company elected to early adopt ASU 2017-01, Business Combinations, on a prospective basis as of July 1, 2017. This guidance clarifies the definition of a business and provides a screen to determine when an integrated set of assets and activities is not&nbsp;&nbsp;considered a business and, thus, accounted for as an asset acquisition as opposed to a business combination. Under this guidance, the Company expects most acquisitions of investment property will meet this screen and, thus, be accounted for as asset acquisitions. The Company allocates the purchase price of each acquired investment property that is accounted for as an asset acquisition based upon the relative fair value of the individual assets acquired and liabilities assumed, which generally include (i) land, (ii) building and other improvements, (iii) in-place lease value intangibles, (iv) acquired above and below market lease intangibles, (v) any assumed financing that is determined to be above or below market and (vi) the value of customer relationships. Asset acquisitions do not give rise to goodwill and the related transaction costs are capitalized and included with the allocated purchase price.&nbsp;&nbsp;Acquisitions executed prior to our adoption of ASU 2017-01 as of July 1, 2017 were accounted for as business combinations. Transaction costs related to acquisitions accounted for as business combinations were expensed as incurred and included within &#x201C;Administration of REIT expenses&#x201D; in the accompanying consolidated statements of operations and other comprehensive income. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">For tangible assets acquired, including land, building and other improvements, the Company considers available comparable market and industry information in estimating acquisition date fair value. Key factors considered in the calculation of fair value of both real property and intangible assets include the current market rent values, &#x201C;dark&#x201D; periods (building in vacant status), direct costs estimated with obtaining a new tenant, discount rates, escalation factors, standard lease terms, and tenant improvement costs. The Company allocates a portion of the purchase price to the estimated acquired in-place lease value intangibles based on factors available in third party appraisals or cash flow estimates of the property prepared by our internal analysis.&nbsp;&nbsp;These estimates are based upon cash flow projections for the property, existing leases, lease origination costs for similar leases as well as lost rental payments during an assumed lease-up period. The Company also evaluates each acquired lease as compared to current market rates. If an acquired lease is determined to be above or below market, the Company allocates a portion of the purchase price to such above or below market leases based upon the present value of the difference between the contractual lease payments and estimated market rent payments over the remaining lease term. Renewal periods are included within the lease term in the calculation of above and below market lease values if, based upon factors known at the acquisition date, market participants would consider it reasonably assured that the lessee would exercise such options. Fair value estimates used in acquisition accounting, including the discount rate used, require the Company to consider various factors, including, but not limited to, market knowledge, demographics, age and physical condition of the property, geographic location, and size and location of tenant spaces within the acquired investment property. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The portion of the purchase price allocated to acquired in-place lease value intangibles is amortized on a straight-line basis over the life of the related lease as amortization expense. The Company incurred amortization expense pertaining to acquired in-place lease value intangibles of $473 and $546 for the three months ended September 30, 2018 and 2017, respectively and $1,516 and $1,709 for the nine months ended September 30, 2018 and 2017, respectively.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The portion of the purchase price allocated to acquired above and below market lease intangibles is amortized on a straight-line basis over the life of the related lease as an adjustment to real estate rental income. Amortization pertaining to above market lease intangibles of $55 and $56 for the three months ended September 30, 2018 and 2017, respectively, was recorded as a reduction to real estate rental income. Amortization pertaining to below market lease intangibles of $68 and $70 for the three months ended September 30, 2018 and 2017, respectively, was recorded as an increase to real estate rental income.&nbsp;&nbsp;Amortization pertaining to above market lease intangibles of $166 and $169 for the nine months ended September 30, 2018 and 2017, respectively, was recorded as a reduction to real estate rental income. Amortization pertaining to below market lease intangibles of $208 and $214 for&nbsp;the nine months ended September 30, 2018 and 2017, respectively, was recorded as an increase to real estate rental income.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Furniture and fixtures are stated at cost less accumulated depreciation. Expenditures for renewals and improvements that significantly add to the productive capacity or extend the useful life of an asset are capitalized. Expenditures for routine maintenance and repairs, which do not add to the value or extend useful lives, are charged to expense as incurred.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Depreciation is provided for over the estimated useful lives of the individual assets using the straight-line method over the following estimated useful lives:</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:88.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:88.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Buildings and improvements</font></p> </td> <td valign="bottom" style="width:02.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:08.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">40&nbsp;years</font></p> </td> </tr> <tr> <td valign="bottom" style="width:88.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Furniture, fixtures and equipment</font></p> </td> <td valign="bottom" style="width:02.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">5-9&nbsp;years</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Depreciation expense for the three months ended September 30, 2018 and 2017 totaled $4,761 and $4,816, respectively. Depreciation expense for the nine months ended September 30, 2018 and 2017 totaled $14,267 and $14,270, respectively. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The Company&#x2019;s investment properties are reviewed for potential impairment at the end of each reporting period whenever events or changes in circumstances indicate that the carrying value may not be recoverable. At the end of each reporting period, the Company separately determines whether impairment indicators exist for each property.&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Examples of situations considered to be impairment indicators include, but are not limited to:</font> </p> <p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">a substantial decline or continued low occupancy rate;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">continued difficulty in leasing space;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">significant financially troubled tenants;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">a change in plan to sell a property prior to the end of its useful life or holding period;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">a significant decrease in market price not in line with general market trends; and</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">any other quantitative or qualitative events or factors deemed significant by the Company&#x2019;s management or board of trustees.</font></p></td></tr></table></div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">If the presence of one or more impairment indicators as described above is identified at the end of the reporting period or throughout the year with respect to an investment property, the asset is tested for recoverability by comparing its carrying value to the estimated future undiscounted cash flows.&nbsp;&nbsp;An investment property is considered to be impaired when the estimated future undiscounted cash flows are less than its current carrying value.&nbsp;&nbsp;When performing a test for recoverability or estimating the fair value of an impaired investment property, the Company makes complex or subjective assumptions which include, but are not limited to:</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">projected operating cash flows considering factors such as vacancy rates, rental rates, lease terms, tenant financial strength, demographics, holding period and property location;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">projected capital expenditures and lease origination costs;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">projected cash flows from the eventual disposition of an operating property using a property specific capitalization rate;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">comparable selling prices; and </font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">property specific discount rates for fair value estimates as necessary.</font></p></td></tr></table></div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">To the extent impairment has occurred, the Company will record an impairment charge calculated as the excess of the carrying value of the asset over its fair value for impairment of investment properties.&nbsp;&nbsp;Based on evaluation, there were no impairment losses during the nine months ended September 30, 2018 and 2017. &nbsp; &nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Properties Held for Sale</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We account for our properties held for sale in accordance with ASC 360, Property, Plant and Equipment (&#x201C;ASC 360&#x201D;), which addresses financial accounting and reporting in a period in which a component or group of components of an entity either has been disposed of or is classified as held for sale.&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In accordance with ASC 360, at such time as a property is held for sale, such property is carried at the lower of: (1) its carrying amount, or (2) fair value less costs to sell.&nbsp;&nbsp;In addition, a property being held for sale ceases to be depreciated.&nbsp;&nbsp;We classify operating properties as properties held for sale in the period in which all of the following criteria are met:</font> </p> <p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">management, having the authority to approve the action, commits to a plan to sell the asset;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">the asset is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">an active program to locate a buyer and other actions required to complete the plan to sell the asset has been initiated;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">the sale of the asset is probable and the transfer of the asset is expected to qualify for recognition as a completed sale within one year;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">the asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">given the actions required to complete the plan to sell the asset, it is unlikely that significant changes to the plan would be made or that the plan would be withdrawn.</font></p></td></tr></table></div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The results of operations of a component of an entity that either has been disposed of or is classified as held-for-sale under the requirements of ASC 360 shall be reported in discontinued operations in accordance with ASC 205, Presentation of Financial Statements (&#x201C;ASC 205&#x201D;) if such disposal or classification represents a strategic shift that has (or will have) a major effect on an entity&#x2019;s operations and financial results.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">There were no&nbsp;properties classified as held for sale at September 30, 2018 or at December 31, 2017.&nbsp;&nbsp;See Note 16.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Construction in Progress</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The Company capitalizes direct and certain indirect project costs incurred during the development period such as construction, insurance, architectural, legal, interest and other financing costs, and real estate taxes.&nbsp;&nbsp;At such time as the development is considered substantially complete, the capitalization of certain indirect costs such as real estate taxes and interest and financing costs cease and all project-related costs included in construction in process are reclassified to land and building and other improvements.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Cash, Cash Equivalents and Restricted Cash</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We classify highly liquid investments with a maturity of three months or less when purchased as cash equivalents. Restricted cash includes funds escrowed for tenant security deposits, real estate tax, insurance and mortgage escrows and escrow deposits required by lenders on certain properties to be used for future building renovations or tenant improvements and potential Internal Revenue Code Section 1031 tax deferred exchanges (1031 Exchange).</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Investment in Unconsolidated Affiliates</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We account for unconsolidated affiliates using the equity method of accounting per guidance established under ASC 323, Investments &#x2013; Equity Method and Joint Ventures (&#x201C;ASC 323&#x201D;). The equity method of accounting requires the investment to be initially recorded at cost and subsequently adjusted for our share of equity in the affiliates&#x2019; earnings, contributions and distributions. We evaluate the carrying amount of the investments for impairment in accordance with ASC 323. Unconsolidated affiliates are reviewed for potential impairment if the carrying amount of the investment exceeds its fair value. An impairment charge is recorded when an impairment is deemed to be other-than-temporary. To determine whether impairment is other-than-temporary, we consider whether we have the ability and intent to hold the investment until the carrying amount is fully recovered. The evaluation of an investment in an affiliate for potential impairment can require our management to exercise significant judgments. No impairment losses were recorded related to the unconsolidated affiliates for the nine months ended September 30, 2018 and 2017. &nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We use the equity method to account for investments that qualify as variable interest entities where we are not the primary beneficiary and entities that we do not control or where we do not own a majority of the economic interest but have the ability to exercise significant influence over the operations and financial policies of the investee.&nbsp;&nbsp;We will also use the equity method for investments that do not qualify as variable interest entities and do not meet the control requirements for consolidation, as defined in ASC 810.&nbsp;&nbsp;For a joint venture accounted for under the equity method, our share of net earnings and losses is reflected in income when earned and distributions are credited against our investment in the joint venture as received. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In determining whether an investment in a limited liability company or tenant in common is a variable interest entity, we consider: the form of our ownership interest and legal structure; the size of our investment; the financing structure of the entity, including the necessity of subordinated debt; estimates of future cash flows; our and our partner&#x2019;s ability to participate in the decision making related to acquisitions, dispositions, budgeting and financing on the entity; and obligation to absorb losses and preferential returns.&nbsp;&nbsp;As of September 30, 2018, our tenant in common arrangements do not qualify as variable interest entities and do not meet the control requirements for consolidation, as defined in ASC 810.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">As of September 30, 2018&nbsp;and December 31, 2017, the unconsolidated affiliates held total assets of $23,313 and $23,466 and mortgage notes payable of $17,189 and $17,470, respectively. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The operating partnership is a 50% owner of a retail center as a tenant in common through 100% ownership in a limited liability company.&nbsp; The retail center has approximately 183,000 square feet of commercial space in Grand Forks, North Dakota. The property is encumbered by a non-recourse first mortgage with a balance at September 30, 2018&nbsp;and December 31, 2017 of $10,537 and $10,692, respectively. The Company is jointly and severally liable for the full mortgage balance.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The operating partnership owns a 66.67% interest as tenant in common in an office building with approximately 75,000 square feet of commercial rental space in Fargo, North Dakota. The property is encumbered by a first mortgage with a balance at September 30, 2018&nbsp;and December 31, 2017 of $6,652 and $6,778, respectively. The Company is jointly and severally liable for the full mortgage balance.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Receivables</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Receivables consist primarily of amounts due for rent. Accounts receivable are carried at original amounts billed less an estimate made for doubtful accounts based on a review of outstanding amounts on a quarterly basis and reflect management&#x2019;s best estimate of the amounts that will not be collected.&nbsp;&nbsp;Accounts receivable are written off when collection efforts have been exhausted and they are deemed uncollectible.&nbsp;&nbsp;Recoveries, if any, of receivables previously written off are recorded when received.&nbsp;&nbsp;The receivables are non-interest bearing and are unsecured. As of September 30, 2018, management&#x2019;s estimate of uncollectible accounts receivable was $567. As of December 31, 2017, management determined no allowance was necessary for uncollectible receivables.&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Financing and Lease Costs </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Financing costs have been capitalized and are being amortized over the life of the financing (line of credit) using the effective interest method.&nbsp;&nbsp;Unamortized financing costs are written off when debt is retired before the maturity date and included in interest expense at that time.&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Lease costs incurred in connection with new leases have been capitalized and are being amortized over the life of the lease using the straight-line method. We record the amortization of leasing costs in depreciation and amortization on the consolidated statements of operations and comprehensive income. If an applicable lease terminates prior to the expiration of its initial lease term, we write off the carrying amount of the costs to amortization expense.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Debt Issuance Costs</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We amortize external debt issuance costs using the effective interest rate method, over the estimated life of the related debt. We record debt issuance costs related to notes and mortgage notes, net of amortization, on our consolidated balance sheets as an offset to their related debt. We record debt issuance costs related to revolving lines of credit on our consolidated balance sheets as financing fees, regardless of whether a balance on the line of credit is outstanding. We record the amortization of all debt issuance costs as interest expense.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Lease Intangible Assets</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Lease intangibles are a purchase price allocation recorded on property acquisition. The lease intangibles represent the estimated value of in-place leases, tenant relationships and the value of leases with above or below market lease terms. Lease intangibles are amortized over the term of the related lease.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The carrying amount of intangible assets is regularly reviewed for indicators of impairments in value. Impairment is recognized only if the carrying amount of the intangible asset is considered to be unrecoverable from its undiscounted cash flows and is measured as the difference between the carrying amount and the estimated fair value of the asset. Based on the review, management determined no impairment charges were necessary at September 30, 2018 and December 31, 2017.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Noncontrolling Interest</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">A noncontrolling interest in a subsidiary (minority interest) is in most cases an ownership interest in the consolidated entity that should be reported as equity in the consolidated financial statements and separate from the parent company&#x2019;s equity.&nbsp;&nbsp;In addition, consolidated net income is required to be reported at amounts that include the amounts attributable to both the parent and the noncontrolling interest and the amount of consolidated net income attributable to the parent and the noncontrolling interest are required to be disclosed on the face of the consolidated statements of operations and comprehensive income.&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Operating Partnership: Interests in the operating partnership held by limited partners are represented by operating partnership units.&nbsp;&nbsp;The operating partnership&#x2019;s income is allocated to holders of units based upon the ratio of their holdings to the total units outstanding during the period. Capital contributions, distributions, syndication costs, and profits and losses are allocated to noncontrolling interests in accordance with the terms of the operating partnership agreement.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Partially Owned Properties: The Company reflects noncontrolling interests in partially owned properties on the balance sheet for the portion of properties consolidated by the Company that are not wholly owned by the Company.&nbsp;&nbsp;The earnings or losses from those properties attributable to the noncontrolling interests are reflected as noncontrolling interests in partially owned properties in the consolidated statement of operations and comprehensive income.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Syndication Costs</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Syndication costs consist of costs paid to attorneys, accountants, and selling agents, related to the raising of capital. Syndication costs are recorded as a reduction to beneficial and noncontrolling interest.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Federal Income Taxes</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We have elected to be taxed as a REIT under the Internal Revenue Code, as amended. A REIT calculates taxable income similar to other domestic corporations, with the major difference being a REIT is entitled to a deduction for dividends paid. A REIT is generally required to distribute each year at least 90% of its taxable income. If it chooses to retain the remaining 10% of taxable income, it may do so, but it will be subject to a corporate tax on such income. REIT shareholders are taxed on REIT distributions of ordinary income in the same manner as they are taxed on other corporate distributions. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We intend to continue to qualify as a REIT and, provided we maintain such status, will not be taxed on the portion of the income that is distributed to shareholders. In addition, we intend to distribute all of our taxable income; therefore, no provisions or liabilities for income taxes have been recorded in the financial statements. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Sterling conducts its business activity as an Umbrella Partnership Real Estate Investment Trust (&#x201C;UPREIT&#x201D;) through its Operating Partnership &#x2013; Sterling Properties, LLLP.&nbsp;&nbsp;The Operating Partnership is organized as a limited liability limited partnership. Income or loss is allocated to the partners in accordance with the provisions of the Internal Revenue Code 704(b) and 704(c). UPREIT status allows non-recognition of gain by an owner of appreciated real estate if that owner contributes the real estate to a partnership in exchange for a partnership interest. The conversion of a partnership interest to shares of beneficial interest in the REIT will be a taxable event to the limited partner.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We follow ASC Topic 740, </font><font style="display:inline;font-style:italic;font-size:10pt;">Income Taxes, </font><font style="display:inline;font-size:10pt;">to recognize, measure, present and disclose in our consolidated financial statements uncertain tax positions that we have taken or expect to take on a tax return. As of September 30, 2018&nbsp;and December 31, 2017&nbsp;we did not have any liabilities for uncertain tax positions that we believe should be recognized in our consolidated financial statements. We are no longer subject to Federal and State tax examinations by tax authorities for years before 2015.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The operating partnership has elected to record related interest and penalties, if any, as income tax expense on the consolidated statements of operations and other comprehensive income.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Revenue Recognition</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We derive over 95% of our revenues from tenant rents and other tenant-related activities. We lease multifamily units under operating leases with terms of one year or less. Rental income and other property revenues are recorded when due from tenants and recognized monthly as earned pursuant to the terms of the underlying leases.&nbsp;&nbsp;Other property revenues consist primarily of laundry, application and other fees charged to tenants.&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We lease commercial space primarily under long-term lease agreements. Commercial tenant rents include base rents, expense reimbursements (such as common area maintenance, real estate taxes and utilities), and a straight-line rent adjustment. We record base rents on a straight-line basis. The monthly base rent income according to the terms of our leases is adjusted so that an average monthly rent is recorded for each tenant over the term of its lease. The straight-line rent adjustment increased revenue by $17 and $59 for the three months ended September 30, 2018 and 2017, respectively. The straight-line rent adjustment increased revenue by $87 and $186&nbsp;for the nine months ended September 30, 2018 and 2017, respectively. The straight-line receivable balance included in receivables on the consolidated balance sheets as of September 30, 2018&nbsp;and December 31, 2017&nbsp;was $3,363 and $3,586, respectively. We receive payments for expense reimbursements from substantially all our multi-tenant commercial tenants throughout the year based on estimates. Differences between estimated recoveries and the final billed amounts, which generally are immaterial, are recognized in the subsequent year. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Earnings per Common Share</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Basic earnings per common share is computed by dividing net income available to common shareholders (the &#x201C;numerator&#x201D;) by the weighted average number of common shares outstanding (the &#x201C;denominator&#x201D;) during the period. Sterling had no dilutive potential common shares as of September 30, 2018 and 2017, and therefore, basic earnings per common share was equal to diluted earnings per common share for both periods. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">For the three months ended September 30, 2018 and 2017, Sterling&#x2019;s denominators for the basic and diluted earnings per common share were approximately 8,840,000 and 8,356,000, respectively. For the nine months ended September 30, 2018 and 2017, Sterling&#x2019;s denominators for the basic and diluted earnings per common share were approximately 8,730,000 and 8,234,000, respectively.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Reclassifications</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Certain reclassifications considered necessary for a fair presentation have been made to the prior period financial statements in order to conform to the current year presentation.&nbsp;&nbsp;These reclassifications have not changed the results of operations or equity.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Recent Accounting Pronouncements&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In May 2014, the FASB and International Accounting Standards Board issued their final standard on revenue from contracts with customers, which was issued by the FASB as Accounting Standards Update 2014-09, </font><font style="display:inline;font-style:italic;font-size:10pt;">Revenue from Contracts with Customers</font><font style="display:inline;font-size:10pt;">, or ASU 2014-09. ASU 2014-09, which establishes a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers, supersedes most current GAAP applicable to revenue recognition and converges U.S. and international accounting standards in this area. The core principle of the new guidance is that revenue shall only be recognized when an entity has transferred control of goods or services to a customer and for an amount reflecting the consideration to which the entity expects to be entitled for such exchange. Additionally, lease contracts are specifically excluded from ASU 2014-09. In July 2015, the FASB decided to defer the effective date for annual reporting periods beginning after December 15, 2017.&nbsp;&nbsp;Early adoption is permitted beginning on the original effective date of periods beginning after December 15, 2016. Upon adoption, ASU 2014-09 allows for full retrospective adoption applied to all periods presented or modified retrospective adoption with the cumulative effect of initially applying the standard recognized at the date of initial application. We have performed a review of the requirements of the new guidance and have identified which of our revenue streams will be within the scope of ASU 2014-09.&nbsp;&nbsp;We have completed an adoption plan which included a review of transactions supporting each revenue stream to determine the impact of accounting treatment under ASU 2014-09, an evaluation of the method of adoption and assessing changes that might be necessary to information technology systems, processes and internal controls to capture new data and address changes in financial reporting.&nbsp;We adopted this standard effective as of January&nbsp;1, 2018 and have concluded that the adoption of this guidance did not have an impact on our financial position or results of operations. We concluded this standard will have an impact on the disclosure of gain/loss on sale of real estate investments upon the adoption of the update ASU 2014-09, but will not have an impact on &#x201C;total real estate rental income.&#x201D;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;color:#000000;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;color:#000000;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In February 2016, the FASB issued ASU No. 2016-02, </font><font style="display:inline;font-style:italic;font-size:10pt;">Leases (Topic 842), </font><font style="display:inline;font-size:10pt;">which amends existing accounting standards for lease accounting, including by requiring lessees to recognize most leases on the balance sheet and making certain changes to lessor accounting. The standard will take effect for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018 with earlier application permitted. </font><font style="display:inline;font-family:inherit;font-size:10pt;">In January 2018, the FASB released an exposure draft to ASU No. 2016-02 that if issued in its current form would (1) simplify transition requirements for both lessees and lessors by adding an option that would permit an organization to apply the transition provisions of the new standard at its adoption date instead of at the earliest comparative period presented in its financial statements and, (2) provide a practical expedient for lessors that would permit lessors to not be required to separate nonlease components from the associated lease components if certain conditions are met.</font><font style="display:inline;font-size:10pt;"> The Company is evaluating the impact of ASU No. 2016-02 on its financial position and results of operations.&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In November 2016, the FASB issued ASU No. 2016-18 to require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents will be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. ASU 2016-18 was effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years and early adoption was permitted. The pronouncement requires a retrospective transition method of adoption. We adopted this standard effective January 1, 2018. Upon adoption, the Company included amounts generally described as restricted cash within the beginning-of-period, change and end-of-period total amounts on the statement of cash flows rather than within an activity on the statement of cash flows.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In August 2016, the FASB issued ASU No. 2016-15 to provide guidance for areas where there is diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. We adopted this standard effective January 1, 2018 and have concluded that the adoption of this guidance did not have an impact on our financial position or results of operations, since the cumulative earnings approach for distributions received from equity method investees would continue to be utilized.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The new standards must be applied retrospectively to all periods presented in the financial statements.&nbsp;&nbsp;The Company adopted the new standard effective January 1, 2018 and will continue to apply the cumulative earnings approach for distributions received from equity method investees.&nbsp;&nbsp;While overall cash flows did not change, there were changes between cash flow classifications due primarily to restricted deposits.&nbsp;&nbsp;As of September 30, 2017, the following cash flows were reclassified:</font> </p> <p style="margin:0pt;punctuation-wrap:hanging;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:35.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Nine Months Ended</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:35.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">September 30, 2017</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">As Originally</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Reclassification</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">As Presented</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Presented</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Adjustments</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Herein</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:35.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Cash Flows from Operating Activities:</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Restricted deposits - tenant security deposits</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (150)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 150</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Restricted deposits - real estate tax and insurance escrow</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 577</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (577)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Net cash provided by operating activities</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 27,718</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (427)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 27,291</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Cash Flows from Investing Activities</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Restricted deposits - exchange escrow</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (4,328)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 4,328</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Restricted deposits - replacement reserves</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (952)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 952</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Purchase of real estate investment properties</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (3,718)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (4,195)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (7,913)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Net cash provided by Investing activities</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (10,650)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 1,085</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (9,565)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Cash and cash equivalents, beginning of period</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 12,034</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">(adjustments for restricted deposits, beginning of period)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 7,236</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Cash and cash equivalents and restricted deposits, beginning of period</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 19,270</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Cash and cash equivalents, end of period</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 20,991</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">(adjustments for restricted deposits, end of period)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 7,894</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Cash and cash equivalents and restricted deposits, end of period</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 28,885</font></p> </td> </tr> </table></div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying Consolidated Financial Statements. &nbsp; &nbsp;</font> </p><div /></div> </div> 1386000 1549000 647000 68000 164000 184000 213000 264000 3162000 3089000 1776000 1540000 655000 205000 <div> <div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Principal Business Activity</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Sterling currently owns directly and indirectly 167 properties.&nbsp;&nbsp;The Trust&#x2019;s 119 residential properties are located in North Dakota, Minnesota, Missouri and Nebraska and are principally multifamily apartment buildings.&nbsp;&nbsp;The Trust owns 48 commercial properties primarily located in North Dakota with others located in Arkansas, Colorado, Iowa, Louisiana, Michigan, Minnesota, Mississippi, Nebraska and Wisconsin. The commercial properties include retail, office, industrial, restaurant and medical properties.&nbsp;&nbsp;Presently, the Trust&#x2019;s mix of properties is 72.2% residential and 27.8% commercial (based on cost) and total $643,540 in real estate investments at September 30, 2018. Sterling&#x2019;s current acquisition strategy and focus is on multifamily apartment properties.&nbsp; We currently have no plans to actively market our existing commercial properties for sale.&nbsp;&nbsp;We will consider unsolicited offers for purchase of non-multifamily properties on a case by case basis.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Residential Property</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Location</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">No. of Properties</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Units</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">North Dakota</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,963 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Minnesota</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,033 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Missouri</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>164 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Nebraska</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>322 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>119 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,482 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Commercial Property</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Location</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">No. of Properties</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Sq. Ft</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">North Dakota</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>780,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Arkansas</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Colorado</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Iowa</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Louisiana</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Michigan</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Minnesota</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>650,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Mississippi</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Nebraska</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Wisconsin</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>63,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>48 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,626,000 </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 12034000 20991000 20991000 12490000 16297000 <div> <div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Cash, Cash Equivalents and Restricted Cash</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We classify highly liquid investments with a maturity of three months or less when purchased as cash equivalents. Restricted cash includes funds escrowed for tenant security deposits, real estate tax, insurance and mortgage escrows and escrow deposits required by lenders on certain properties to be used for future building renovations or tenant improvements and potential Internal Revenue Code Section 1031 tax deferred exchanges (1031 Exchange).</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p><div /></div> </div> 19270000 28885000 20553000 31108000 9615000 10555000 <div> <div> <p style="margin:0pt;font-weight:bold;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">NOTE 15 - COMMITMENTS AND CONTINGENCIES</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Environmental Matters</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Federal law (and the laws of some states in which we own or may acquire properties) imposes liability on a landowner for the presence on the premises of hazardous substances or wastes (as defined by present and future federal and state laws and regulations). This liability is without regard to fault or knowledge of the presence of such substances and may be imposed jointly and severally upon all succeeding landowners. If such hazardous substance is discovered on a property acquired by us, we could incur liability for the removal of the substances and the cleanup of the property. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">There can be no assurance that we would have effective remedies against prior owners of the property. In addition, we may be liable to tenants and may find it difficult or impossible to sell the property either prior to or following such a cleanup.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Risk of Uninsured Property Losses</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We maintain property damage, fire loss, and liability insurance.&nbsp;&nbsp;However, there are certain types of losses (generally of a catastrophic nature) which may be either uninsurable or not economically insurable. Such excluded risks may include war, earthquakes, tornados, certain environmental hazards, and floods. Should such events occur, (i) we might suffer a loss of capital invested, (ii) tenants may suffer losses and may be unable to pay rent for the spaces, and (iii) we may suffer a loss of profits which might be anticipated from one or more properties.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Litigation</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The Company is subject, from time to time, to various legal proceedings and claims that arise in the ordinary course of business.&nbsp;&nbsp;While the resolution of such matters cannot be predicted with certainty, management believes, based on currently available information, that the final outcome of such matters will not have a material effect on the financial statements of the Company.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p><div /></div> </div> 0.7425 0.763125 0.254375 0.01 100000000 8488000 8488000 8837000 8837000 4839000 1088000 5807000 2382000 9964000 2185000 11546000 4710000 14803000 3273000 17353000 7092000 <div> <div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Concentration of Credit Risk</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Our cash balances are maintained in various bank deposit accounts. The bank deposit amounts in these accounts may exceed federally insured limits at various times throughout the year.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Principles of Consolidation</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The consolidated financial statements include the accounts of Sterling, &nbsp;Sterling Properties, LLLP, and wholly-owned limited liability companies. All significant intercompany transactions and balances have been eliminated in consolidation.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Additionally, we evaluate the need to consolidate affiliates based on standards set forth in the Financial Accounting Standards Board (&#x201C;FASB&#x201D;) Accounting Standards Codification (&#x201C;ASC&#x201D;) 810, Consolidation (&#x201C;ASC 810&#x201D;).&nbsp;&nbsp;In determining whether we have a requirement to consolidate the accounts of an entity, management considers factors such as our ownership interest, our authority to make decisions and contractual and substantive participating rights of the limited partners and shareholders, as well as whether the entity is a variable interest entity (&#x201C;VIE&#x201D;) for which we have both: a) the power to direct the activities of the VIE that most significantly impact the entity&#x2019;s economic performance, and b) the obligation to absorb losses or the right to receive benefits from the VIE that could be potentially significant to the VIE.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Noncontrolling Interest</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">A noncontrolling interest in a subsidiary (minority interest) is in most cases an ownership interest in the consolidated entity that should be reported as equity in the consolidated financial statements and separate from the parent company&#x2019;s equity.&nbsp;&nbsp;In addition, consolidated net income is required to be reported at amounts that include the amounts attributable to both the parent and the noncontrolling interest and the amount of consolidated net income attributable to the parent and the noncontrolling interest are required to be disclosed on the face of the consolidated statements of operations and comprehensive income.&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Operating Partnership: Interests in the operating partnership held by limited partners are represented by operating partnership units.&nbsp;&nbsp;The operating partnership&#x2019;s income is allocated to holders of units based upon the ratio of their holdings to the total units outstanding during the period. Capital contributions, distributions, syndication costs, and profits and losses are allocated to noncontrolling interests in accordance with the terms of the operating partnership agreement.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Partially Owned Properties: The Company reflects noncontrolling interests in partially owned properties on the balance sheet for the portion of properties consolidated by the Company that are not wholly owned by the Company.&nbsp;&nbsp;The earnings or losses from those properties attributable to the noncontrolling interests are reflected as noncontrolling interests in partially owned properties in the consolidated statement of operations and comprehensive income.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p><div /></div> </div> 8000 16103000 6170000 15793000 5599000 71484000 24904000 73164000 24230000 75692000 25789000 76867000 25690000 0 0 0.0204 0.0200 0.0225 397567000 395820000 395820000 0.0725 0.0344 0.0439 0.0725 0.0344 0.0441 <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Debt Issuance Costs</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We amortize external debt issuance costs using the effective interest rate method, over the estimated life of the related debt. We record debt issuance costs related to notes and mortgage notes, net of amortization, on our consolidated balance sheets as an offset to their related debt. We record debt issuance costs related to revolving lines of credit on our consolidated balance sheets as financing fees, regardless of whether a balance on the line of credit is outstanding. We record the amortization of all debt issuance costs as interest expense.</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Financing and Lease Costs </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Financing costs have been capitalized and are being amortized over the life of the financing (line of credit) using the effective interest method.&nbsp;&nbsp;Unamortized financing costs are written off when debt is retired before the maturity date and included in interest expense at that time.&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Lease costs incurred in connection with new leases have been capitalized and are being amortized over the life of the lease using the straight-line method. We record the amortization of leasing costs in depreciation and amortization on the consolidated statements of operations and comprehensive income. If an applicable lease terminates prior to the expiration of its initial lease term, we write off the carrying amount of the costs to amortization expense.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p><div /></div> </div> 737000 742000 2724000 2343000 3586000 3363000 1386000 1549000 14270000 4816000 14267000 4761000 16170000 5427000 15907000 5274000 0.0725 <div> <div> <p style="margin:0pt;font-weight:bold;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;text-transform:none;font-size:10pt;">NOTE 8 &#x2013; HEDGING ACTIVITIES</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">As part of our interest rate risk management strategy, we have used derivative instruments to minimize significant unanticipated earnings fluctuations that may arise from rising variable interest rate costs associated with existing borrowings. To meet these objectives, we entered into an interest rate swap in the notional amount of $1,294 to provide a fixed rate of 7.25% that matures in April 2020.&nbsp;&nbsp;The swap was issued at approximate market terms and thus no fair value adjustment was recorded at inception.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The carrying amount of the swap has been adjusted to its fair value at the end of the quarter, which because of changes in forecasted levels of LIBOR, resulted in reporting a liability for the fair value of the future net payments forecasted under the swaps.&nbsp;&nbsp;The interest rate swap is accounted for as an effective hedge in accordance with ASC 815-20 whereby it is recorded at fair value and changes in fair value are recorded to accumulated comprehensive income. As of September 30, 2018&nbsp;and December 31, 2017, we recorded a liability and other accumulated comprehensive loss of $33 and $65, respectively. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p><div /></div> </div> 1376000 1376000 1686000 171000 1515000 <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-size:10pt;">NOTE 16 &#x2013; DISPOSITIONS</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">During the nine months ended September 30, 2018, the operating partnership sold three properties.&nbsp;&nbsp;We sold an industrial property located in Redwood Falls, Minnesota for $5,200 and recognized a gain of $1,084 in April 2018.&nbsp;&nbsp;We sold a retail property located in Austin, Texas for $3,615 and recognized a gain of $1,452 in July 2018. &nbsp; We sold one of two buildings included in an office property located in Bismarck, North Dakota for $4,250 and recognized a gain of $1,762 in July 2018.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p><div /></div> </div> 4336000 4470000 0.7425 0.763125 20063000 6655000 13408000 6655000 6436000 6718000 3000 47000 366000 466000 0.59 0.13 0.66 0.27 <div> <div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Earnings per Common Share</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Basic earnings per common share is computed by dividing net income available to common shareholders (the &#x201C;numerator&#x201D;) by the weighted average number of common shares outstanding (the &#x201C;denominator&#x201D;) during the period. Sterling had no dilutive potential common shares as of September 30, 2018 and 2017, and therefore, basic earnings per common share was equal to diluted earnings per common share for both periods. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">For the three months ended September 30, 2018 and 2017, Sterling&#x2019;s denominators for the basic and diluted earnings per common share were approximately 8,840,000 and 8,356,000, respectively. For the nine months ended September 30, 2018 and 2017, Sterling&#x2019;s denominators for the basic and diluted earnings per common share were approximately 8,730,000 and 8,234,000, respectively.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p><div /></div> </div> 80000 445000 0.50 0.6667 <div> <div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Investment in Unconsolidated Affiliates</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We account for unconsolidated affiliates using the equity method of accounting per guidance established under ASC 323, Investments &#x2013; Equity Method and Joint Ventures (&#x201C;ASC 323&#x201D;). The equity method of accounting requires the investment to be initially recorded at cost and subsequently adjusted for our share of equity in the affiliates&#x2019; earnings, contributions and distributions. We evaluate the carrying amount of the investments for impairment in accordance with ASC 323. Unconsolidated affiliates are reviewed for potential impairment if the carrying amount of the investment exceeds its fair value. An impairment charge is recorded when an impairment is deemed to be other-than-temporary. To determine whether impairment is other-than-temporary, we consider whether we have the ability and intent to hold the investment until the carrying amount is fully recovered. The evaluation of an investment in an affiliate for potential impairment can require our management to exercise significant judgments. No impairment losses were recorded related to the unconsolidated affiliates for the nine months ended September 30, 2018 and 2017. &nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We use the equity method to account for investments that qualify as variable interest entities where we are not the primary beneficiary and entities that we do not control or where we do not own a majority of the economic interest but have the ability to exercise significant influence over the operations and financial policies of the investee.&nbsp;&nbsp;We will also use the equity method for investments that do not qualify as variable interest entities and do not meet the control requirements for consolidation, as defined in ASC 810.&nbsp;&nbsp;For a joint venture accounted for under the equity method, our share of net earnings and losses is reflected in income when earned and distributions are credited against our investment in the joint venture as received. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In determining whether an investment in a limited liability company or tenant in common is a variable interest entity, we consider: the form of our ownership interest and legal structure; the size of our investment; the financing structure of the entity, including the necessity of subordinated debt; estimates of future cash flows; our and our partner&#x2019;s ability to participate in the decision making related to acquisitions, dispositions, budgeting and financing on the entity; and obligation to absorb losses and preferential returns.&nbsp;&nbsp;As of September 30, 2018, our tenant in common arrangements do not qualify as variable interest entities and do not meet the control requirements for consolidation, as defined in ASC 810.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">As of September 30, 2018&nbsp;and December 31, 2017, the unconsolidated affiliates held total assets of $23,313 and $23,466 and mortgage notes payable of $17,189 and $17,470, respectively. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The operating partnership is a 50% owner of a retail center as a tenant in common through 100% ownership in a limited liability company.&nbsp; The retail center has approximately 183,000 square feet of commercial space in Grand Forks, North Dakota. The property is encumbered by a non-recourse first mortgage with a balance at September 30, 2018&nbsp;and December 31, 2017 of $10,537 and $10,692, respectively. The Company is jointly and severally liable for the full mortgage balance.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The operating partnership owns a 66.67% interest as tenant in common in an office building with approximately 75,000 square feet of commercial rental space in Fargo, North Dakota. The property is encumbered by a first mortgage with a balance at September 30, 2018&nbsp;and December 31, 2017 of $6,652 and $6,778, respectively. The Company is jointly and severally liable for the full mortgage balance.</font> </p><div /></div> </div> <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:54.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:21.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">September 30, 2018</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:21.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">December 31, 2017</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Carrying</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Carrying</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Value</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Fair Value</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Value</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Fair Value</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="11" valign="bottom" style="width:44.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:10pt;">Financial liabilities:</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Mortgage notes payable, net</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 393,477</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 385,109</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 394,843</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 396,261</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Fair value of interest rate swaps</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 33</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 33</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 65</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 65</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-size:10pt;">NOTE 9 - FAIR VALUE MEASUREMENT</font><font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">The following table presents the carrying value and estimated fair value of the Company&#x2019;s financial instruments:</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:54.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:21.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">September 30, 2018</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:21.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">December 31, 2017</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Carrying</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Carrying</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Value</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Fair Value</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Value</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Fair Value</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="11" valign="bottom" style="width:44.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:10pt;">Financial liabilities:</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Mortgage notes payable, net</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 393,477</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 385,109</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 394,843</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 396,261</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Fair value of interest rate swaps</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 33</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 33</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 65</font></p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 65</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The carrying values shown in the table are included in the consolidated balance sheets under the indicated captions.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">ASC 820-10 established a three-level valuation hierarchy for fair value measurement.&nbsp;&nbsp;Management uses these valuation techniques to establish the fair value of the assets at the measurement date.&nbsp;&nbsp;These valuation techniques are based upon observable and unobservable inputs.&nbsp;&nbsp;Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect management&#x2019;s assumptions.&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">These two types of inputs create the following fair value hierarchy:</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">Level 1 &#x2013; Quoted prices for identical instruments in active markets;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">Level 2 &#x2013; Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose significant inputs are observable;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;color:#000000;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">Level 3 &#x2013; Instruments whose significant inputs are unobservable.</font></p></td></tr></table></div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">The guidance requires the use of observable market data, when available, in making fair value measurements. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;">Recurring Fair Value Measurements</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">The following table presents the Company&#x2019;s financial instruments, which are measured at fair value on a recurring basis, by the level in the fair value hierarchy within which those measurements fall. Methods and assumptions used to estimate the fair value of these instruments are described after the table.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:54.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Level 1</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Level 2</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Level 3</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Total</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="11" valign="bottom" style="width:43.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:10pt;text-decoration:underline;">September 30, 2018</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Fair value of interest rate swaps</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 33</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 33</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:10pt;text-decoration:underline;">December 31, 2017</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Fair value of interest rate swaps</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 65</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 65</font></p> </td> </tr> </table></div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;color:#000000;font-size:10pt;">Fair value of interest rate swaps:</font><font style="display:inline;color:#000000;font-size:10pt;">&nbsp;&nbsp;The fair value of interest rate swaps is determined using a discounted cash flow analysis on the expected future cash flows of the derivative. This analysis utilizes observable market data including forward yield curves and implied volatilities to determine the market&#x2019;s expectation of the future cash flows of the variable component. The fixed and variable components of the derivative are then discounted using calculated discount factors developed based on the LIBOR swap rate and are aggregated to arrive at a single valuation for the period. The Company also incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty&#x2019;s nonperformance risk in the fair value measurements. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level&nbsp;2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level&nbsp;3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and its counterparties. However, as of </font><font style="display:inline;font-size:10pt;">September 30, 2018&nbsp;and December 31, 2017</font><font style="display:inline;color:#000000;font-size:10pt;">, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation. As a result, the Company has determined that its derivative valuations in their entirety are classified within Level&nbsp;2 of the fair value hierarchy. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered any applicable credit enhancements. The Company&#x2019;s derivative instruments are further described in Note&nbsp;8.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;">Fair Value Disclosures</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">The following table presents the Company&#x2019;s financial assets and liabilities, which are measured at fair value for disclosure purposes, by the level in the fair value hierarchy within which they fall. Methods and assumptions used to estimate the fair value of these instruments are described after the table.</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:54.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Level 1</font></p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Level 2</font></p> </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Level 3</font></p> </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Total</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="11" valign="bottom" style="width:43.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:10pt;text-decoration:underline;">September 30, 2018</font></p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Mortgage notes payable, net</font></p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 385,109</font></p> </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 385,109</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:10pt;text-decoration:underline;">December 31, 2017</font></p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Mortgage notes payable, net</font></p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 396,261</font></p> </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 396,261</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;color:#000000;font-size:10pt;">Mortgage notes payable:</font><font style="display:inline;color:#000000;font-size:10pt;">&nbsp;&nbsp;The Company estimates the fair value of its mortgage notes payable by discounting the future cash flows of each instrument at rates currently offered to the Company for similar debt instruments of comparable maturities by the Company&#x2019;s lenders. Judgment is used in determining the appropriate rate for each of the Company&#x2019;s individual mortgages and notes payable based upon the specific terms of the agreement, including the term to maturity, the quality and nature of the underlying property and its leverage ratio. The rates used range from&nbsp;4.92%&nbsp;to&nbsp;4.97% and from 4.20% to 4.52%&nbsp;at </font><font style="display:inline;font-size:10pt;">September 30, 2018&nbsp;and December 31, 2017</font><font style="display:inline;color:#000000;font-size:10pt;">, respectively. The fair value of the Company&#x2019;s matured mortgage notes payable were determined to be equal to the carrying value of the properties because there is no market for similar debt instruments and the properties&#x2019; carrying value was determined to be the best estimate of fair value as of September 30, 2018 and December 31, 2017. The Company&#x2019;s mortgage notes payable are further described in Note 7.</font> </p><div /></div> </div> 0.0452 0.0420 0.0497 0.0492 <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:54.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Level 1</font></p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Level 2</font></p> </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Level 3</font></p> </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Total</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="11" valign="bottom" style="width:43.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:10pt;text-decoration:underline;">September 30, 2018</font></p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Mortgage notes payable, net</font></p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 385,109</font></p> </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 385,109</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:10pt;text-decoration:underline;">December 31, 2017</font></p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Mortgage notes payable, net</font></p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 396,261</font></p> </td> <td valign="bottom" style="width:01.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 396,261</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:54.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Level 1</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Level 2</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Level 3</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Total</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="11" valign="bottom" style="width:43.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:10pt;text-decoration:underline;">September 30, 2018</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Fair value of interest rate swaps</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 33</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 33</font></p> </td> </tr> <tr> <td valign="bottom" style="width:54.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:10pt;text-decoration:underline;">December 31, 2017</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:54.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Fair value of interest rate swaps</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 65</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 65</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 20039000 8255000 13938000 4690000 13632000 4557000 12932000 1135000 11797000 13389000 1267000 12122000 5487000 515000 1028000 1163000 1459000 1884000 26195000 3115000 23080000 24925000 3241000 21684000 13263000 1980000 11283000 11536000 1974000 9562000 P6Y7M6D -146000 3000 -23000 189000 1467000 2072000 4298000 1084000 1762000 1452000 290000 61000 361000 154000 0 0 0 0 0 0 743000 373000 445000 161000 <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Federal Income Taxes</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We have elected to be taxed as a REIT under the Internal Revenue Code, as amended. A REIT calculates taxable income similar to other domestic corporations, with the major difference being a REIT is entitled to a deduction for dividends paid. A REIT is generally required to distribute each year at least 90% of its taxable income. If it chooses to retain the remaining 10% of taxable income, it may do so, but it will be subject to a corporate tax on such income. REIT shareholders are taxed on REIT distributions of ordinary income in the same manner as they are taxed on other corporate distributions. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We intend to continue to qualify as a REIT and, provided we maintain such status, will not be taxed on the portion of the income that is distributed to shareholders. In addition, we intend to distribute all of our taxable income; therefore, no provisions or liabilities for income taxes have been recorded in the financial statements. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Sterling conducts its business activity as an Umbrella Partnership Real Estate Investment Trust (&#x201C;UPREIT&#x201D;) through its Operating Partnership &#x2013; Sterling Properties, LLLP.&nbsp;&nbsp;The Operating Partnership is organized as a limited liability limited partnership. Income or loss is allocated to the partners in accordance with the provisions of the Internal Revenue Code 704(b) and 704(c). UPREIT status allows non-recognition of gain by an owner of appreciated real estate if that owner contributes the real estate to a partnership in exchange for a partnership interest. The conversion of a partnership interest to shares of beneficial interest in the REIT will be a taxable event to the limited partner.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We follow ASC Topic 740, </font><font style="display:inline;font-style:italic;font-size:10pt;">Income Taxes, </font><font style="display:inline;font-size:10pt;">to recognize, measure, present and disclose in our consolidated financial statements uncertain tax positions that we have taken or expect to take on a tax return. As of September 30, 2018&nbsp;and December 31, 2017&nbsp;we did not have any liabilities for uncertain tax positions that we believe should be recognized in our consolidated financial statements. We are no longer subject to Federal and State tax examinations by tax authorities for years before 2015.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The operating partnership has elected to record related interest and penalties, if any, as income tax expense on the consolidated statements of operations and other comprehensive income.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p><div /></div> </div> -96000 876000 81000 -751000 1707000 1209000 -150000 150000 -32000 44000 -532000 157000 -24000 1307000 430000 659000 577000 -577000 176000 -1000 <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;text-transform:uppercase;font-size:10pt;">NOTE 5 - Lease intangibles</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The following table summarizes the net value of other intangible assets and liabilities and the accumulated amortization for each class of intangible:</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Lease</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:10.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Accumulated</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Lease</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">As of September 30, 2018</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Intangibles</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Amortization</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Intangibles, net</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Lease Intangible Assets</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:35.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">In-place leases</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 21,684</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (12,122)</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 9,562</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Above-market leases</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 3,241</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (1,267)</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,974</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 24,925</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (13,389)</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 11,536</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Lease Intangible Liabilities</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Below-market leases</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (3,089)</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,549</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (1,540)</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Lease</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:10.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Accumulated</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Lease</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">As of December 31, 2017</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Intangibles</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Amortization</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Intangibles, net</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Lease Intangible Assets</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:35.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">In-place leases</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 23,080</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (11,797)</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 11,283</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Above-market leases</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 3,115</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (1,135)</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,980</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 26,195</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (12,932)</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 13,263</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Lease Intangible Liabilities</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Below-market leases</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (3,162)</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,386</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (1,776)</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The estimated aggregate amortization expense for each of the five succeeding fiscal years and thereafter is as follows: </font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:76.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 11pt;"> <font style="display:inline;font-size:11pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Intangible</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Intangible</font></p> </td> </tr> <tr> <td valign="bottom" style="width:76.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Years ending December 31,</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Assets</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Liabilities</font></p> </td> </tr> <tr> <td valign="bottom" style="width:76.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:21.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:76.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">2018 (October 1, 2018 to December 31, 2018)</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 515</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 68</font></p> </td> </tr> <tr> <td valign="bottom" style="width:76.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">2019</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,884</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 264</font></p> </td> </tr> <tr> <td valign="bottom" style="width:76.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">2020</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,459</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 213</font></p> </td> </tr> <tr> <td valign="bottom" style="width:76.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">2021</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,163</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 184</font></p> </td> </tr> <tr> <td valign="bottom" style="width:76.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">2022</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,028</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 164</font></p> </td> </tr> <tr> <td valign="bottom" style="width:76.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Thereafter</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 5,487</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 647</font></p> </td> </tr> <tr> <td valign="bottom" style="width:76.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 11,536</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,540</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The weighted average amortization period for the intangible assets, in-place leases, above-market leases, and below-market leases acquired as of September 30, 2018&nbsp;was 6.6 years.</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Lease Intangible Assets</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Lease intangibles are a purchase price allocation recorded on property acquisition. The lease intangibles represent the estimated value of in-place leases, tenant relationships and the value of leases with above or below market lease terms. Lease intangibles are amortized over the term of the related lease.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The carrying amount of intangible assets is regularly reviewed for indicators of impairments in value. Impairment is recognized only if the carrying amount of the intangible asset is considered to be unrecoverable from its undiscounted cash flows and is measured as the difference between the carrying amount and the estimated fair value of the asset. Based on the review, management determined no impairment charges were necessary at September 30, 2018 and December 31, 2017.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p><div /></div> </div> 13263000 11536000 13954000 13648000 65000 65000 65000 65000 65000 33000 33000 33000 33000 33000 620530000 163087000 457443000 626386000 156245000 470141000 2772000 2765000 110950000 37841000 73109000 111521000 37727000 73794000 P1Y 417830000 418311000 691605000 696301000 0 2020-11-01 2019-11-01 2022-06-01 2021-06-01 3200000 6315000 5000000 18300000 32815000 394843000 10692000 6778000 393477000 10537000 6652000 259480000 31399000 46148000 28201000 25513000 5079000 8510000 8934000 477000 477000 <div> <div> <p style="margin:0pt;font-weight:bold;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">NOTE 10 &#x2013; NONCONTROLLING INTEREST OF UNITHOLDERS IN OPERATING PARTNERSHIP</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">As of September 30, 2018&nbsp;and December 31, 2017, outstanding limited partnership units totaled 17,574,000 and 17,517,000 respectively. For the three months ended&nbsp;September 30, 2018 and 2017, the operating partnership declared distributions of $4,470 and $4,336 respectively, to limited partners which were paid on October &nbsp;15, 2018 and October&nbsp;16, 2017, respectively.&nbsp;&nbsp;Distributions per unit were $0.763125 and $0.7425 during the nine months ended September 30, 2018 and 2017, respectively.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">During the nine months ended September 30, 2018, there were no limited partnership units exchanged for common shares pursuant to redemption requests.&nbsp;&nbsp;During the nine months ended September 30, 2017, Sterling exchanged 8,000 common shares for 8,000 limited partnership units held by limited partners, pursuant to redemption requests. The aggregate value of these transactions was $133.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">At the sole and absolute discretion of the limited partnership, and so long our redemption plans exist, and applicable holding periods are met,</font><font style="display:inline;color:#FF0000;font-size:10pt;">&nbsp;</font><font style="display:inline;font-size:10pt;">Limited Partners may request the operating partnership redeem their limited partnership units.&nbsp;&nbsp;The operating partnership may choose to offer the Limited Partner: (i) cash for the redemption or, at the request of the Limited Partner, (2) offer shares in lieu of cash for the redemption on a basis of one limited partnership unit for one Sterling common share (the &#x201C;Exchange Request&#x201D;).&nbsp;&nbsp;The Exchange Request shall be exercised pursuant to a Notice of Exchange.&nbsp;&nbsp;If the issuance of Sterling common shares pursuant to an Exchange Request will cause the shareholder to exceed the ownership limitations, among other reasons, payment will be made to the Limited Partner in cash.&nbsp;&nbsp;No Limited Partner may exercise an Exchange Request more than twice during any calendar year, and Exchange Requests may not be made for less than 1,000 limited partnership units.&nbsp;&nbsp;If a Limited Partner owns fewer than 1,000 limited partnership units, all of the limited partnership units held by the Limited Partner must be exchanged pursuant to the Exchange Request.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p><div /></div> </div> 179844000 179195000 <div> <div> <p style="margin:0pt;font-weight:bold;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">NOTE 7 - MORTGAGE NOTES PAYABLE</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The following table summarizes the Company&#x2019;s mortgage notes payable.&nbsp; </font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:62.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:36.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Principal Balance At</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:17.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">September 30,</font></p> </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:17.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">December 31,</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:17.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">2018</font></p> </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:17.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">2017</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:36.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Fixed rate mortgage notes payable (a)</font></p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:15.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 395,820</font></p> </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:15.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 397,567</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Less unamortized debt issuance costs</font></p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 2,343</font></p> </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 2,724</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 9pt;"> <font style="display:inline;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:15.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 393,477</font></p> </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 9pt;"> <font style="display:inline;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:15.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 394,843</font></p> </td> </tr> </table></div> <div><hr style="border-width:0;width:25%;height:1pt;color:#000;background-color:#000;" align="left"></hr></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Times New Roman,Times,serif;font-size:10pt;;"> (a)</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">Includes $877 and $913 of variable rate mortgage debt that was swapped to a fixed rate at September 30, 2018 and December 31, 2017, respectively.</font></p></td></tr></table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">As of September 30, 2018, we had 121 mortgage loans with effective interest rates ranging from 3.44% to 7.25%&nbsp;per annum and a weighted average effective interest rate of 4.41%&nbsp;per annum. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">As of December 31, 2017, we had 122 mortgage loans with effective interest rates ranging from 3.44% to 7.25%&nbsp;per annum, and a weighted average effective interest rate of 4.39%&nbsp;per annum. </font> </p> <p style="margin:0pt;line-height:120%;text-indent:24pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:inherit;font-size:10pt;">The majority of the Company&#x2019;s mortgages payable require monthly payments of principal and interest. Certain mortgages require reserves for real estate taxes and certain other costs.&nbsp; </font><font style="display:inline;font-size:10pt;">Mortgages are secured by the respective properties, assignment of rents, business assets, deeds to secure debt, deeds of trust and/or cash deposits.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Certain mortgage note agreements include covenants that, in part, impose maintenance of certain debt service coverage and debt to net worth ratios. As of September 30, 2018, we were in compliance with all covenants.&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We are required to make the following principal payments on our outstanding mortgage notes payable for each of the five succeeding fiscal years and thereafter as follows: </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:87.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:87.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Years ending December 31,</font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Amount</font></p> </td> </tr> <tr> <td valign="bottom" style="width:87.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:87.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">2018 (October 1, 2018 to December 31, 2018)</font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 5,079</font></p> </td> </tr> <tr> <td valign="bottom" style="width:87.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">2019</font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 25,513</font></p> </td> </tr> <tr> <td valign="bottom" style="width:87.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">2020</font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 28,201</font></p> </td> </tr> <tr> <td valign="bottom" style="width:87.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">2021</font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 46,148</font></p> </td> </tr> <tr> <td valign="bottom" style="width:87.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">2022</font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 31,399</font></p> </td> </tr> <tr> <td valign="bottom" style="width:87.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Thereafter</font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 259,480</font></p> </td> </tr> <tr> <td valign="bottom" style="width:87.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Total payments</font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 395,820</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p><div /></div> </div> -8111000 -17248000 -9565000 1085000 -10650000 -548000 27291000 -427000 27718000 28351000 4821000 1082000 5797000 2379000 <div> <div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Recent Accounting Pronouncements&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In May 2014, the FASB and International Accounting Standards Board issued their final standard on revenue from contracts with customers, which was issued by the FASB as Accounting Standards Update 2014-09, </font><font style="display:inline;font-style:italic;font-size:10pt;">Revenue from Contracts with Customers</font><font style="display:inline;font-size:10pt;">, or ASU 2014-09. ASU 2014-09, which establishes a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers, supersedes most current GAAP applicable to revenue recognition and converges U.S. and international accounting standards in this area. The core principle of the new guidance is that revenue shall only be recognized when an entity has transferred control of goods or services to a customer and for an amount reflecting the consideration to which the entity expects to be entitled for such exchange. Additionally, lease contracts are specifically excluded from ASU 2014-09. In July 2015, the FASB decided to defer the effective date for annual reporting periods beginning after December 15, 2017.&nbsp;&nbsp;Early adoption is permitted beginning on the original effective date of periods beginning after December 15, 2016. Upon adoption, ASU 2014-09 allows for full retrospective adoption applied to all periods presented or modified retrospective adoption with the cumulative effect of initially applying the standard recognized at the date of initial application. We have performed a review of the requirements of the new guidance and have identified which of our revenue streams will be within the scope of ASU 2014-09.&nbsp;&nbsp;We have completed an adoption plan which included a review of transactions supporting each revenue stream to determine the impact of accounting treatment under ASU 2014-09, an evaluation of the method of adoption and assessing changes that might be necessary to information technology systems, processes and internal controls to capture new data and address changes in financial reporting.&nbsp;We adopted this standard effective as of January&nbsp;1, 2018 and have concluded that the adoption of this guidance did not have an impact on our financial position or results of operations. We concluded this standard will have an impact on the disclosure of gain/loss on sale of real estate investments upon the adoption of the update ASU 2014-09, but will not have an impact on &#x201C;total real estate rental income.&#x201D;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;color:#000000;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;color:#000000;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In February 2016, the FASB issued ASU No. 2016-02, </font><font style="display:inline;font-style:italic;font-size:10pt;">Leases (Topic 842), </font><font style="display:inline;font-size:10pt;">which amends existing accounting standards for lease accounting, including by requiring lessees to recognize most leases on the balance sheet and making certain changes to lessor accounting. The standard will take effect for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018 with earlier application permitted. </font><font style="display:inline;font-family:inherit;font-size:10pt;">In January 2018, the FASB released an exposure draft to ASU No. 2016-02 that if issued in its current form would (1) simplify transition requirements for both lessees and lessors by adding an option that would permit an organization to apply the transition provisions of the new standard at its adoption date instead of at the earliest comparative period presented in its financial statements and, (2) provide a practical expedient for lessors that would permit lessors to not be required to separate nonlease components from the associated lease components if certain conditions are met.</font><font style="display:inline;font-size:10pt;"> The Company is evaluating the impact of ASU No. 2016-02 on its financial position and results of operations.&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In November 2016, the FASB issued ASU No. 2016-18 to require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents will be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. ASU 2016-18 was effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years and early adoption was permitted. The pronouncement requires a retrospective transition method of adoption. We adopted this standard effective January 1, 2018. Upon adoption, the Company included amounts generally described as restricted cash within the beginning-of-period, change and end-of-period total amounts on the statement of cash flows rather than within an activity on the statement of cash flows.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In August 2016, the FASB issued ASU No. 2016-15 to provide guidance for areas where there is diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. We adopted this standard effective January 1, 2018 and have concluded that the adoption of this guidance did not have an impact on our financial position or results of operations, since the cumulative earnings approach for distributions received from equity method investees would continue to be utilized.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;punctuation-wrap:hanging;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The new standards must be applied retrospectively to all periods presented in the financial statements.&nbsp;&nbsp;The Company adopted the new standard effective January 1, 2018 and will continue to apply the cumulative earnings approach for distributions received from equity method investees.&nbsp;&nbsp;While overall cash flows did not change, there were changes between cash flow classifications due primarily to restricted deposits.&nbsp;&nbsp;As of September 30, 2017, the following cash flows were reclassified:</font> </p> <p style="margin:0pt;punctuation-wrap:hanging;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:35.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Nine Months Ended</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:35.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">September 30, 2017</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">As Originally</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Reclassification</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">As Presented</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Presented</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Adjustments</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Herein</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:35.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Cash Flows from Operating Activities:</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Restricted deposits - tenant security deposits</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (150)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 150</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Restricted deposits - real estate tax and insurance escrow</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 577</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (577)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Net cash provided by operating activities</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 27,718</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (427)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 27,291</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Cash Flows from Investing Activities</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Restricted deposits - exchange escrow</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (4,328)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 4,328</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Restricted deposits - replacement reserves</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (952)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 952</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Purchase of real estate investment properties</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (3,718)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (4,195)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (7,913)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Net cash provided by Investing activities</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (10,650)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 1,085</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (9,565)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Cash and cash equivalents, beginning of period</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 12,034</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">(adjustments for restricted deposits, beginning of period)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 7,236</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Cash and cash equivalents and restricted deposits, beginning of period</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 19,270</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Cash and cash equivalents, end of period</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 20,991</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">(adjustments for restricted deposits, end of period)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 7,894</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Cash and cash equivalents and restricted deposits, end of period</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 28,885</font></p> </td> </tr> </table></div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying Consolidated Financial Statements.</font> </p><div /></div> </div> 1295000 3264000 2176000 2176000 394843000 393477000 394843000 396261000 396261000 393477000 385109000 385109000 167 48 119 2 1 1 1 1 15 1 20 1 5 16 1 100 2 2 9482 3033 164 5963 322 1776000 1540000 4208000 885000 3703000 1460000 9506000 2866000 10905000 3564000 80606000 41000 34000 166000 27088000 83175000 41000 37000 172000 27790000 <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <a name="_Hlk528573053"></a><font style="display:inline;font-weight:bold;text-transform:uppercase;font-size:10pt;">Note 1 - Organization <a name="NOTE1ORGANIZATION_258953"></a></font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Sterling Real Estate Trust (&#x201C;Sterling&#x201D;, &#x201C;the Trust&#x201D; or &#x201C;the Company&#x201D;) is a registered, but unincorporated business trust organized in North Dakota in November 2002.&nbsp;&nbsp;Sterling has elected to be taxed as a Real Estate Investment Trust (&#x201C;REIT&#x201D;) under Sections 856-860 of the Internal Revenue Code, which requires that 75% of the assets of a REIT must consist of real estate assets and that 75% of its gross income must be derived from real estate. The net income of the REIT is allocated in accordance with the stock ownership in the same fashion as a regular corporation.&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Sterling previously established an operating partnership (&#x201C;Sterling Properties, LLLP&#x201D;) and transferred all of its assets and liabilities to the operating partnership in exchange for general partnership units. As the general partner, Sterling has management responsibility for all activities of the operating partnership. As of September 30, 2018 and December 31, 2017, Sterling owned approximately 33.46% and 32.64%, respectively, of the operating partnership. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p><div /></div> </div> 5000 1312000 57000 17000 32000 32000 8000 72000 71000 70000 20000 206000 45000 17517000 17574000 8000 0 1000 9122000 8639000 -4442000 -13052000 1530000 2167000 15195000 16001000 442000 272000 7913000 4195000 3718000 6079000 294000 81000 3635000 3718000 3075000 3075000 0.01 50000000 0 0 482000 1141000 <div> <div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Reclassifications</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Certain reclassifications considered necessary for a fair presentation have been made to the prior period financial statements in order to conform to the current year presentation.&nbsp;&nbsp;These reclassifications have not changed the results of operations or equity.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p><div /></div> </div> 642000 743000 88000 23916000 10281000 3811000 5200000 4250000 3615000 385000 98000 539000 126000 14746000 3256000 17321000 5797000 11651000 -127000 5797000 7084000 0.05 0.05 1.70M – 3.0% x (TC – 40M) 1.35M – 3.5% x (TC – 30M) 0M – 5.0% x (TC – 0M) .95M – 4.0% x (TC – 20M) .50M – 4.5% x (TC – 10M) 20111000 8326000 <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">As of September 30, 2018</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Residential</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Commercial</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Total</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:34.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Land and land improvements</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 73,794</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 37,727</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 111,521</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Building and improvements</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 470,141</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 156,245</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 626,386</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Furniture, fixtures and equipment</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 25,737</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,466</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 27,203</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Construction in progress</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,515</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 171</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,686</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 571,187</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 195,609</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 766,796</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Less accumulated depreciation</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (86,570)</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (36,686)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (123,256)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 484,617</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 158,923</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 643,540</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">As of December 31, 2017</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Residential</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Commercial</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Total</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:34.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Land and land improvements</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 73,109</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 37,841</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 110,950</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Building and improvements</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 457,443</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 163,087</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 620,530</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Furniture, fixtures and equipment</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 25,381</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,466</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 26,847</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Construction in progress</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,376</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,376</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 557,309</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 202,394</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 759,703</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Less accumulated depreciation</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (76,404)</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (34,622)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (111,026)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 480,905</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 167,772</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 648,677</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> P40Y P9Y P5Y -567000 <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;text-transform:uppercase;font-size:10pt;">note 4 &#x2013; real estate investments</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">As of September 30, 2018</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Residential</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Commercial</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Total</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:34.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Land and land improvements</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 73,794</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 37,727</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 111,521</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Building and improvements</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 470,141</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 156,245</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 626,386</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Furniture, fixtures and equipment</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 25,737</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,466</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 27,203</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Construction in progress</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,515</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 171</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,686</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 571,187</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 195,609</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 766,796</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Less accumulated depreciation</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (86,570)</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (36,686)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (123,256)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 484,617</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 158,923</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 643,540</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">As of December 31, 2017</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Residential</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Commercial</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Total</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:34.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Land and land improvements</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 73,109</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 37,841</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 110,950</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Building and improvements</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 457,443</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 163,087</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 620,530</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Furniture, fixtures and equipment</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 25,381</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,466</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 26,847</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Construction in progress</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,376</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,376</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 557,309</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 202,394</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 759,703</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Less accumulated depreciation</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (76,404)</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (34,622)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (111,026)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:64.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.60%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 480,905</font></p> </td> <td valign="bottom" style="width:01.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 167,772</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 648,677</font></p> </td> </tr> </table></div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Construction in progress as of September 30, 2018 consists primarily of development and planning costs associated with phase III of a multifamily apartment community under construction in Bismarck, North Dakota.&nbsp;&nbsp;Phase I and II of the Bismarck development are complete and Phase III is still in the planning stages and construction has not yet commenced.&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;"> &nbsp; &nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Properties Held for Sale</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We account for our properties held for sale in accordance with ASC 360, Property, Plant and Equipment (&#x201C;ASC 360&#x201D;), which addresses financial accounting and reporting in a period in which a component or group of components of an entity either has been disposed of or is classified as held for sale.&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">In accordance with ASC 360, at such time as a property is held for sale, such property is carried at the lower of: (1) its carrying amount, or (2) fair value less costs to sell.&nbsp;&nbsp;In addition, a property being held for sale ceases to be depreciated.&nbsp;&nbsp;We classify operating properties as properties held for sale in the period in which all of the following criteria are met:</font> </p> <p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">management, having the authority to approve the action, commits to a plan to sell the asset;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">the asset is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">an active program to locate a buyer and other actions required to complete the plan to sell the asset has been initiated;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">the sale of the asset is probable and the transfer of the asset is expected to qualify for recognition as a completed sale within one year;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">the asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">given the actions required to complete the plan to sell the asset, it is unlikely that significant changes to the plan would be made or that the plan would be withdrawn.</font></p></td></tr></table></div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The results of operations of a component of an entity that either has been disposed of or is classified as held-for-sale under the requirements of ASC 360 shall be reported in discontinued operations in accordance with ASC 205, Presentation of Financial Statements (&#x201C;ASC 205&#x201D;) if such disposal or classification represents a strategic shift that has (or will have) a major effect on an entity&#x2019;s operations and financial results.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">There were no&nbsp;properties classified as held for sale at September 30, 2018 or at December 31, 2017.&nbsp;&nbsp;See Note 16.</font> </p><div /></div> </div> 1112000 376000 1693000 590000 111026000 34622000 76404000 123256000 36686000 86570000 759703000 202394000 557309000 766796000 195609000 571187000 648677000 167772000 480905000 643540000 158923000 484617000 <div> <div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Real Estate Investments</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Real estate investments are recorded at cost less accumulated depreciation.&nbsp;&nbsp;Ordinary repairs and maintenance are expensed as incurred.&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The Company elected to early adopt ASU 2017-01, Business Combinations, on a prospective basis as of July 1, 2017. This guidance clarifies the definition of a business and provides a screen to determine when an integrated set of assets and activities is not&nbsp;&nbsp;considered a business and, thus, accounted for as an asset acquisition as opposed to a business combination. Under this guidance, the Company expects most acquisitions of investment property will meet this screen and, thus, be accounted for as asset acquisitions. The Company allocates the purchase price of each acquired investment property that is accounted for as an asset acquisition based upon the relative fair value of the individual assets acquired and liabilities assumed, which generally include (i) land, (ii) building and other improvements, (iii) in-place lease value intangibles, (iv) acquired above and below market lease intangibles, (v) any assumed financing that is determined to be above or below market and (vi) the value of customer relationships. Asset acquisitions do not give rise to goodwill and the related transaction costs are capitalized and included with the allocated purchase price.&nbsp;&nbsp;Acquisitions executed prior to our adoption of ASU 2017-01 as of July 1, 2017 were accounted for as business combinations. Transaction costs related to acquisitions accounted for as business combinations were expensed as incurred and included within &#x201C;Administration of REIT expenses&#x201D; in the accompanying consolidated statements of operations and other comprehensive income. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">For tangible assets acquired, including land, building and other improvements, the Company considers available comparable market and industry information in estimating acquisition date fair value. Key factors considered in the calculation of fair value of both real property and intangible assets include the current market rent values, &#x201C;dark&#x201D; periods (building in vacant status), direct costs estimated with obtaining a new tenant, discount rates, escalation factors, standard lease terms, and tenant improvement costs. The Company allocates a portion of the purchase price to the estimated acquired in-place lease value intangibles based on factors available in third party appraisals or cash flow estimates of the property prepared by our internal analysis.&nbsp;&nbsp;These estimates are based upon cash flow projections for the property, existing leases, lease origination costs for similar leases as well as lost rental payments during an assumed lease-up period. The Company also evaluates each acquired lease as compared to current market rates. If an acquired lease is determined to be above or below market, the Company allocates a portion of the purchase price to such above or below market leases based upon the present value of the difference between the contractual lease payments and estimated market rent payments over the remaining lease term. Renewal periods are included within the lease term in the calculation of above and below market lease values if, based upon factors known at the acquisition date, market participants would consider it reasonably assured that the lessee would exercise such options. Fair value estimates used in acquisition accounting, including the discount rate used, require the Company to consider various factors, including, but not limited to, market knowledge, demographics, age and physical condition of the property, geographic location, and size and location of tenant spaces within the acquired investment property. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The portion of the purchase price allocated to acquired in-place lease value intangibles is amortized on a straight-line basis over the life of the related lease as amortization expense. The Company incurred amortization expense pertaining to acquired in-place lease value intangibles of $473 and $546 for the three months ended September 30, 2018 and 2017, respectively and $1,516 and $1,709 for the nine months ended September 30, 2018 and 2017, respectively.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The portion of the purchase price allocated to acquired above and below market lease intangibles is amortized on a straight-line basis over the life of the related lease as an adjustment to real estate rental income. Amortization pertaining to above market lease intangibles of $55 and $56 for the three months ended September 30, 2018 and 2017, respectively, was recorded as a reduction to real estate rental income. Amortization pertaining to below market lease intangibles of $68 and $70 for the three months ended September 30, 2018 and 2017, respectively, was recorded as an increase to real estate rental income.&nbsp;&nbsp;Amortization pertaining to above market lease intangibles of $166 and $169 for the nine months ended September 30, 2018 and 2017, respectively, was recorded as a reduction to real estate rental income. Amortization pertaining to below market lease intangibles of $208 and $214 for&nbsp;the nine months ended September 30, 2018 and 2017, respectively, was recorded as an increase to real estate rental income.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Furniture and fixtures are stated at cost less accumulated depreciation. Expenditures for renewals and improvements that significantly add to the productive capacity or extend the useful life of an asset are capitalized. Expenditures for routine maintenance and repairs, which do not add to the value or extend useful lives, are charged to expense as incurred.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Depreciation is provided for over the estimated useful lives of the individual assets using the straight-line method over the following estimated useful lives:</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:88.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;overflow: hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:88.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Buildings and improvements</font></p> </td> <td valign="bottom" style="width:02.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:08.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">40&nbsp;years</font></p> </td> </tr> <tr> <td valign="bottom" style="width:88.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Furniture, fixtures and equipment</font></p> </td> <td valign="bottom" style="width:02.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">5-9&nbsp;years</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Depreciation expense for the three months ended September 30, 2018 and 2017 totaled $4,761 and $4,816, respectively. Depreciation expense for the nine months ended September 30, 2018 and 2017 totaled $14,267 and $14,270, respectively. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The Company&#x2019;s investment properties are reviewed for potential impairment at the end of each reporting period whenever events or changes in circumstances indicate that the carrying value may not be recoverable. At the end of each reporting period, the Company separately determines whether impairment indicators exist for each property.&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Examples of situations considered to be impairment indicators include, but are not limited to:</font> </p> <p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">a substantial decline or continued low occupancy rate;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">continued difficulty in leasing space;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">significant financially troubled tenants;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">a change in plan to sell a property prior to the end of its useful life or holding period;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">a significant decrease in market price not in line with general market trends; and</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">any other quantitative or qualitative events or factors deemed significant by the Company&#x2019;s management or board of trustees.</font></p></td></tr></table></div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">If the presence of one or more impairment indicators as described above is identified at the end of the reporting period or throughout the year with respect to an investment property, the asset is tested for recoverability by comparing its carrying value to the estimated future undiscounted cash flows.&nbsp;&nbsp;An investment property is considered to be impaired when the estimated future undiscounted cash flows are less than its current carrying value.&nbsp;&nbsp;When performing a test for recoverability or estimating the fair value of an impaired investment property, the Company makes complex or subjective assumptions which include, but are not limited to:</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">projected operating cash flows considering factors such as vacancy rates, rental rates, lease terms, tenant financial strength, demographics, holding period and property location;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">projected capital expenditures and lease origination costs;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">projected cash flows from the eventual disposition of an operating property using a property specific capitalization rate;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">comparable selling prices; and </font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:18pt;"><p style="width:18pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> &#xB7;</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">property specific discount rates for fair value estimates as necessary.</font></p></td></tr></table></div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">To the extent impairment has occurred, the Company will record an impairment charge calculated as the excess of the carrying value of the asset over its fair value for impairment of investment properties.&nbsp;&nbsp;Based on evaluation, there were no impairment losses during the nine months ended September 30, 2018 and 2017. &nbsp; &nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p><div /></div> </div> 8389000 3186000 8633000 2889000 <div> <div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Receivables</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Receivables consist primarily of amounts due for rent. Accounts receivable are carried at original amounts billed less an estimate made for doubtful accounts based on a review of outstanding amounts on a quarterly basis and reflect management&#x2019;s best estimate of the amounts that will not be collected.&nbsp;&nbsp;Accounts receivable are written off when collection efforts have been exhausted and they are deemed uncollectible.&nbsp;&nbsp;Recoveries, if any, of receivables previously written off are recorded when received.&nbsp;&nbsp;The receivables are non-interest bearing and are unsecured. As of September 30, 2018, management&#x2019;s estimate of uncollectible accounts receivable was $567. As of December 31, 2017, management determined no allowance was necessary for uncollectible receivables.&nbsp;</font> </p><div /></div> </div> <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">As of September 30, 2018</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Residential</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Commercial</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Total</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:34.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Real estate investments</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 571,187</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 195,609</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 766,796</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Accumulated depreciation</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (86,570)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (36,686)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (123,256)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 484,617</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 158,923</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 643,540</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Cash and cash equivalents</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 16,297</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Restricted deposits and funded reserves</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 14,811</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Investment in unconsolidated affiliates</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 2,765</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Receivables and other assets</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 6,610</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Financing and lease costs, less accumulated amortization</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 742</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Intangible assets, less accumulated amortization</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 11,536</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Total Assets</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 696,301</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">As of December 31, 2017</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Residential</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Commercial</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Total</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:34.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Real estate investments</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 557,309</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 202,394</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 759,703</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Accumulated depreciation</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (76,404)</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (34,622)</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (111,026)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 480,905</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 167,772</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 648,677</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Cash and cash equivalents</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 12,490</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Restricted deposits and funded reserves</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 8,063</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Investment in unconsolidated affiliates</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 2,772</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Receivables and other assets</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 5,603</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Financing and lease costs, less accumulated amortization</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 737</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Intangible assets, less accumulated amortization</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 13,263</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Total Assets</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 691,605</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;font-weight:bold;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">NOTE 14 &#x2013; RELATED PARTY TRANSACTIONS</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Property Management Fees </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">During the nine months ended September 30, 2018 and 2017, we paid property management fees to GOLDMARK Property Management in an amount equal to 5% of rents of the properties managed by GOLDMARK. GOLDMARK Property Management is owned in part by Kenneth Regan and James Wieland. For the nine months ended September 30, 2018 and 2017, we paid management fees of $8,934 and $8,510, respectively, to GOLDMARK Property Management.&nbsp;&nbsp;In addition, during the nine months ended September 30, 2018 and 2017, we paid repair and maintenance related payroll and payroll related expenses to GOLDMARK Property Management totaling $3,921 and $3,808, respectively. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Board of Trustee Fees </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We incurred Trustee fees of $53 and $44 during the nine months ended September 30, 2018 and 2017, respectively.&nbsp;&nbsp;As of September 30, 2018, and December 31, 2017 we owed our Trustees $19 and $23 for unpaid board of trustee fees, respectively.&nbsp;&nbsp;There is no cash retainer paid to Trustees.&nbsp;&nbsp;Instead, we pay Trustees specific amounts for meetings attended.&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The plan provides:</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:75.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:75.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:21.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:75.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Board Chairman &#x2013; Board Meeting</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">105 shares/meeting</font></p> </td> </tr> <tr> <td valign="bottom" style="width:75.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Trustee &#x2013; Board Meeting</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">75 shares/meeting</font></p> </td> </tr> <tr> <td valign="bottom" style="width:75.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Committee Chair &#x2013; Committee Meeting</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">30 shares/meeting</font></p> </td> </tr> <tr> <td valign="bottom" style="width:75.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Trustee &#x2013; Committee Meeting</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">30 shares/meeting</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Common shares earned in accordance with the plan are calculated on an annual basis.&nbsp;&nbsp;Shares earned pursuant to the Trustee Compensation Plan are issued on or about July 15 for Trustees&#x2019; prior year of service.&nbsp;&nbsp;Non-independent Trustees are not compensated for their service on the Board or Committees.&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Advisory Agreement </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We are an externally managed trust and as such, although we have a Board of Trustees and executive officers responsible for our management, we have no paid employees. The following is a brief description of the current fees and compensation that may be received by the Advisor under the Advisory Agreement, which must be renewed on an annual basis and approved by a majority of the independent trustees. The Advisory Agreement was approved by the Board of Trustees (including all the independent Trustees) on March 29, 2018, effective January 1, 2018, and amended on June 21, 2018.&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-size:10pt;">Management Fee</font><font style="display:inline;font-size:10pt;">: &nbsp;0.35% of our total assets (before depreciation and amortization), annually. Total assets are our gross assets (before depreciation and amortization) as reflected on our consolidated financial statements, taken as of the end of the fiscal quarter last preceding the date of computation. The management fee will be payable monthly in cash or our common shares, at the option of the Advisor, not to exceed one-twelfth of 0.35% of the total assets as of the last day of the immediately preceding month. The management fee calculation is subject to quarterly and annual reconciliations. The management fee may be deferred at the option of the Advisor, without interest. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-size:10pt;">Acquisition Fee</font><font style="display:inline;font-size:10pt;">: For its services in investigating and negotiating acquisitions of investments for us, the Advisor receives an acquisition fee of 2.5% of the purchase price of each property acquired, capped at $375 per acquisition. The total of all acquisition fees and acquisition expenses cannot exceed 6% of the purchase price of the investment, unless approved by a majority of the trustees, including a majority of the independent trustees, if they determine the transaction to be commercially competitive, fair and reasonable to us. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-size:10pt;">Disposition Fee</font><font style="display:inline;font-size:10pt;">: For its services in the effort to sell any investment for us, the Advisor receives a disposition fee of 2.5% of the sales price of each property disposition, capped at $375 per disposition. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-size:10pt;">Financing Fee</font><font style="display:inline;font-size:10pt;">: &nbsp;0.25% of all amounts made available to us pursuant to any loan, refinance (excluding rate and/or term modifications of an existing loan with the same lender), line of credit or other credit facility. The finance fee shall be capped at $38 per loan, refinance, line of credit or other credit facility.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-size:10pt;">Development Fee</font><font style="display:inline;font-size:10pt;">: Based on regressive sliding scale (starting at 5% and declining to 3%) of total project costs, excluding cost of land, for development services requested by us. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:16.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:38.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:16.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Total Cost</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:16.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Fee</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Range of Fee</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:38.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Formula</font></p> </td> </tr> <tr> <td valign="bottom" style="width:16.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">0 &#x2013; 10M</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.0 </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">%</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">0 &nbsp;&#x2013;.5M</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:38.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">0M &#x2013; 5.0% x (TC &#x2013; 0M)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:16.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">10M - 20M</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.5 </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">%</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">.5 M &#x2013; .95M</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:38.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">.50M &#x2013; 4.5% x (TC &#x2013; 10M)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:16.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">20M &#x2013; 30M</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4.0 </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">%</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">.95 M &#x2013; 1.35M</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:38.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">.95M &#x2013; 4.0% x (TC &#x2013; 20M)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:16.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">30M &#x2013; 40M</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.5 </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">%</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">1.35 M &#x2013; 1.70M</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:38.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">1.35M &#x2013; 3.5% x (TC &#x2013; 30M)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:16.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">40M &#x2013; 50M</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3.0 </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">%</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:21.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">1.70 M &#x2013; 2.00M</font></p> </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:38.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">1.70M &#x2013; 3.0% x (TC &#x2013; 40M)</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">TC = Total Project Cost</font> </p> <p style="margin:0pt 0pt 0pt 24.45pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;text-decoration:underline;">Management Fees</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">During the nine months ended September 30, 2018 and 2017, we incurred advisory management fees of $2,167 and $2,114 with Sterling Management, LLC, our Advisor. As of September 30, 2018&nbsp;and December 31, 2017, we owed our Advisor $244 and $238, respectively, for unpaid advisory management fees. These fees cover the office facilities, equipment, supplies, and staff required to manage our day-to-day operations.&nbsp;&nbsp;During the nine months ended September 30, 2018 and 2017, we reimbursed the Advisor for operating costs totaling $23 and $11, respectively.&nbsp;&nbsp;As of September 30, 2018, we owed our Advisor $6 for unpaid reimbursable operating costs.&nbsp;&nbsp;There were no unpaid reimbursable operating costs owed to our Advisor as of December 31, 2017.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;text-decoration:underline;">Acquisition Fees</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">During the nine months ended September 30, 2018 and 2017, we incurred acquisition fees of $205 and $655, respectively, with our Advisor. As of September 30, 2018, we owed our Advisor $91 for unpaid acquisition fees. There were no acquisition fees owed to our Advisor as of December 31, 2017.&nbsp;&nbsp;&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;text-decoration:underline;">Financing Fees</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">During the nine months ended September 30, 2018 and 2017, we incurred financing fees of $61 and $97 with our Advisor for loan financing and refinancing activities. As of September 30, 2018, we owed our Advisor $8 for unpaid financing fees. There were no financing fees owed to our Advisor as of December 31, 2017.&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;text-decoration:underline;">Disposition Fees </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">During the nine months ended September 30, 2018 and 2017, we incurred $130 and $110 in disposition fees with our Advisor, respectively. See Note 16. There were no disposition fees owed to our Advisor as of September 30, 2018 or&nbsp;December 31, 2017.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;text-decoration:underline;">Development Fees </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">During the nine months ended September 30, 2018, there were no development fees incurred with our Advisor. During the nine months ended September 30, 2017, we incurred $235 in development fees incurred with our Advisor. As of both September 30, 2018, and December 31, 2017, we owed our Advisor a total of $104 for unpaid development fees, of which the entire amount was for unpaid development fees as part of a 10% hold back.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Operating Partnership Units Issued in Connection with Acquisitions</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">During the nine months ended September 30, 2018, we issued directly or indirectly 42,000 operating partnership units to an entity affiliated with Messr. Regan, one of our trustees, in connection with the acquisition of a property. The aggregate value of these units was $773.&nbsp;&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">During the nine months ended September 30, 2017, we issued directly or indirectly 402,000 operating partnership units to entities affiliated with Messrs. Regan and Wieland, two of our trustees, and Messr. Swenson, one of our former officers, in connection with the acquisition of various properties. The aggregate value of these units was $6,425.&nbsp;&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Commissions </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">During the nine months ended September 30, 2018, we incurred real estate commissions of $21 owed to GOLDMARK Commercial Real Estate Services, Inc. (f/k/a GOLDMARK SCHLOSSMAN Commercial Real Estate Services, Inc.) which is controlled by Messrs. Regan and Wieland.&nbsp;&nbsp;During the nine months ended September 30, 2017, we incurred real estate commissions of $549 owed to GOLDMARK Commercial Real Estate Services, Inc. There were no outstanding commissions owed as of September 30, 2018 and December 31, 2017.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Rental Income </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">During the nine months ended September 30, 2018 and 2017, we received rental income of $37 and $34, respectively, under an operating lease agreement with our Advisor. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">During the nine months ended September 30, 2018 and 2017, we received rental income of $41&nbsp;and $41, respectively, under an operating lease agreement with GOLDMARK Commercial Real Estate Services, Inc.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">During the nine months ended September 30, 2018 and 2017, we received rental income of $172 and $166, respectively, under operating lease agreements with GOLDMARK Property Management. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Construction Costs</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">There were no constructions costs incurred during the nine months ended September 30, 2018 to GOLDMARK Development, which is controlled by Messrs. Regan and Wieland.&nbsp;&nbsp;As of December 31, 2017, we incurred total costs of &nbsp;$8,997 related to the construction of a clubhouse and six 6-plex two-story townhomes to GOLDMARK Development. &nbsp; &nbsp;There was no retainage or unpaid construction fees owed to GOLDMARK Development as of&nbsp;&nbsp;September 30, 2018 and December 31, 2017 and Phase II of the Bismarck, North Dakota development project was completed in August 2017.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p><div /></div> </div> 3811000 16632000 12028000 7236000 7894000 7894000 8063000 14811000 16000 4592000 1567000 4597000 1464000 <div> <div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Revenue Recognition</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We derive over 95% of our revenues from tenant rents and other tenant-related activities. We lease multifamily units under operating leases with terms of one year or less. Rental income and other property revenues are recorded when due from tenants and recognized monthly as earned pursuant to the terms of the underlying leases.&nbsp;&nbsp;Other property revenues consist primarily of laundry, application and other fees charged to tenants.&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We lease commercial space primarily under long-term lease agreements. Commercial tenant rents include base rents, expense reimbursements (such as common area maintenance, real estate taxes and utilities), and a straight-line rent adjustment. We record base rents on a straight-line basis. The monthly base rent income according to the terms of our leases is adjusted so that an average monthly rent is recorded for each tenant over the term of its lease. The straight-line rent adjustment increased revenue by $17 and $59 for the three months ended September 30, 2018 and 2017, respectively. The straight-line rent adjustment increased revenue by $87 and $186&nbsp;for the nine months ended September 30, 2018 and 2017, respectively. The straight-line receivable balance included in receivables on the consolidated balance sheets as of September 30, 2018&nbsp;and December 31, 2017&nbsp;was $3,363 and $3,586, respectively. We receive payments for expense reimbursements from substantially all our multi-tenant commercial tenants throughout the year based on estimates. Differences between estimated recoveries and the final billed amounts, which generally are immaterial, are recognized in the subsequent year. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p><div /></div> </div> 85198000 20619000 64579000 28655000 6792000 21863000 87772000 20151000 67621000 29254000 6627000 22627000 <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:62.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:36.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Principal Balance At</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:17.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">September 30,</font></p> </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:17.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">December 31,</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:17.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">2018</font></p> </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:17.44%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">2017</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:36.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Fixed rate mortgage notes payable (a)</font></p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:15.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 395,820</font></p> </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:15.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 397,567</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Less unamortized debt issuance costs</font></p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 2,343</font></p> </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:15.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 2,724</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 9pt;"> <font style="display:inline;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:15.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 393,477</font></p> </td> <td valign="bottom" style="width:01.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 9pt;"> <font style="display:inline;color:#000000;font-size:9pt;">$</font></p> </td> <td valign="bottom" style="width:15.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 394,843</font></p> </td> </tr> </table></div> <div><hr style="border-width:0;width:25%;height:1pt;color:#000;background-color:#000;" align="left"></hr></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:0pt;"><p style="width:0pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Times New Roman,Times,serif;font-size:10pt;;"> (a)</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt;"> <font style="display:inline;font-size:10pt;">Includes $877 and $913 of variable rate mortgage debt that was swapped to a fixed rate at September 30, 2018 and December 31, 2017, respectively.</font></p></td></tr></table></div><div /></div> </div> <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:76.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:76.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 11pt;"> <font style="display:inline;font-size:11pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Intangible</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Intangible</font></p> </td> </tr> <tr> <td valign="bottom" style="width:76.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Years ending December 31,</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Assets</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Liabilities</font></p> </td> </tr> <tr> <td valign="bottom" style="width:76.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="5" valign="bottom" style="width:21.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:76.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">2018 (October 1, 2018 to December 31, 2018)</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 515</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 68</font></p> </td> </tr> <tr> <td valign="bottom" style="width:76.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">2019</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,884</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 264</font></p> </td> </tr> <tr> <td valign="bottom" style="width:76.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">2020</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,459</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 213</font></p> </td> </tr> <tr> <td valign="bottom" style="width:76.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">2021</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,163</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 184</font></p> </td> </tr> <tr> <td valign="bottom" style="width:76.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">2022</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,028</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 164</font></p> </td> </tr> <tr> <td valign="bottom" style="width:76.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Thereafter</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 5,487</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 647</font></p> </td> </tr> <tr> <td valign="bottom" style="width:76.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 11,536</font></p> </td> <td valign="bottom" style="width:02.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:07.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,540</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Lease</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:10.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Accumulated</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Lease</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">As of September 30, 2018</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Intangibles</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Amortization</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Intangibles, net</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Lease Intangible Assets</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:35.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">In-place leases</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 21,684</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (12,122)</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 9,562</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Above-market leases</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 3,241</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (1,267)</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,974</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 24,925</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (13,389)</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 11,536</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Lease Intangible Liabilities</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Below-market leases</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (3,089)</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,549</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (1,540)</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Lease</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:10.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Accumulated</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Lease</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">As of December 31, 2017</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Intangibles</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Amortization</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Intangibles, net</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Lease Intangible Assets</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:35.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">In-place leases</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 23,080</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (11,797)</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 11,283</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Above-market leases</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 3,115</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (1,135)</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,980</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 26,195</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (12,932)</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 13,263</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Lease Intangible Liabilities</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:63.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Below-market leases</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (3,162)</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 1,386</font></p> </td> <td valign="bottom" style="width:01.78%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (1,776)</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:87.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:87.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Years ending December 31,</font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Amount</font></p> </td> </tr> <tr> <td valign="bottom" style="width:87.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:10.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:87.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">2018 (October 1, 2018 to December 31, 2018)</font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 5,079</font></p> </td> </tr> <tr> <td valign="bottom" style="width:87.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">2019</font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 25,513</font></p> </td> </tr> <tr> <td valign="bottom" style="width:87.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">2020</font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 28,201</font></p> </td> </tr> <tr> <td valign="bottom" style="width:87.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">2021</font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 46,148</font></p> </td> </tr> <tr> <td valign="bottom" style="width:87.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">2022</font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 31,399</font></p> </td> </tr> <tr> <td valign="bottom" style="width:87.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Thereafter</font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 259,480</font></p> </td> </tr> <tr> <td valign="bottom" style="width:87.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Total payments</font></p> </td> <td valign="bottom" style="width:02.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 395,820</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:35.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Nine Months Ended</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:35.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">September 30, 2017</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">As Originally</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Reclassification</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">As Presented</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Presented</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Adjustments</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Herein</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:35.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Cash Flows from Operating Activities:</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Restricted deposits - tenant security deposits</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (150)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 150</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Restricted deposits - real estate tax and insurance escrow</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 577</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (577)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Net cash provided by operating activities</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 27,718</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (427)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 27,291</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Cash Flows from Investing Activities</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Restricted deposits - exchange escrow</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (4,328)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 4,328</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Restricted deposits - replacement reserves</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (952)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 952</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Purchase of real estate investment properties</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (3,718)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (4,195)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (7,913)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Net cash provided by Investing activities</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (10,650)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 1,085</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (9,565)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Cash and cash equivalents, beginning of period</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 12,034</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">(adjustments for restricted deposits, beginning of period)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 7,236</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Cash and cash equivalents and restricted deposits, beginning of period</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 19,270</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Cash and cash equivalents, end of period</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 20,991</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">(adjustments for restricted deposits, end of period)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 7,894</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Cash and cash equivalents and restricted deposits, end of period</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:00.82%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 28,885</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Residential Property</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Location</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">No. of Properties</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Units</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">North Dakota</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>100 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,963 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Minnesota</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,033 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Missouri</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>164 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Nebraska</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>322 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>119 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9,482 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Commercial Property</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Location</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">No. of Properties</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-family:Calibri;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Sq. Ft</font></p> </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">North Dakota</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>780,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Arkansas</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Colorado</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>13,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Iowa</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Louisiana</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Michigan</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Minnesota</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>650,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Mississippi</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Nebraska</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Wisconsin</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>63,000 </td> </tr> <tr> <td valign="bottom" style="width:62.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:11.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:13.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>48 </td> <td valign="bottom" style="width:01.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,626,000 </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:75.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:75.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:21.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:75.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Board Chairman &#x2013; Board Meeting</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Calibri;color:#000000;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">105 shares/meeting</font></p> </td> </tr> <tr> <td valign="bottom" style="width:75.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Trustee &#x2013; Board Meeting</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">75 shares/meeting</font></p> </td> </tr> <tr> <td valign="bottom" style="width:75.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Committee Chair &#x2013; Committee Meeting</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">30 shares/meeting</font></p> </td> </tr> <tr> <td valign="bottom" style="width:75.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Trustee &#x2013; Committee Meeting</font></p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.40%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:19.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">30 shares/meeting</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="middle" style="width:30.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Three months ended&nbsp;&nbsp;September 30, 2018</font></p> </td> <td valign="middle" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="middle" style="width:30.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Three months ended&nbsp;&nbsp;September 30, 2017</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Residential</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Commercial</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:08.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Total</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Residential</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Commercial</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Total</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:30.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:30.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Income from rental operations</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 22,627</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 6,627</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 29,254</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 21,863</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 6,792</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 28,655</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Expenses from rental operations</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 12,436</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 1,963</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 14,399</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 12,764</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 2,023</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 14,787</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Net operating income</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 10,191</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 4,664</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 14,855</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 9,099</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 4,769</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 13,868</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Interest</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 4,557</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 4,690</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Depreciation and amortization</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 5,274</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 5,427</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Administration of REIT</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 1,460</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 885</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Other (income)/expense</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (3,520)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (390)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Net income</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 7,084</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 3,256</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="middle" style="width:30.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Nine months ended September 30, 2018</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="middle" style="width:30.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Nine months ended September 30, 2017</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Residential</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Commercial</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:08.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Total</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Residential</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Commercial</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Total</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:30.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:30.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Income from rental operations</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 67,621</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 20,151</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 87,772</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 64,579</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 20,619</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 85,198</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Expenses from rental operations</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 38,032</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 5,593</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 43,625</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 35,630</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 5,600</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 41,230</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Net operating income</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 29,589</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 14,558</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 44,147</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 28,949</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 15,019</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 43,968</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Interest</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 13,632</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 13,938</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Depreciation and amortization</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 15,907</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 16,170</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Administration of REIT</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 3,703</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 4,208</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Loss on lease terminations</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 146</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Other (income)/expense</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (6,416)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (5,240)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Net income</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 17,321</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 14,746</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;"> <font style="display:inline;">&nbsp;</font> </p><div /></div> </div> 4038000 4072000 <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;text-transform:uppercase;font-size:10pt;">NOTE 3 &#x2013; segment reporting</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We report our results in two reportable segments: residential and commercial properties. Our residential properties include multifamily properties. Our commercial properties include retail, office, industrial, restaurant and medical properties. We assess and measure operating results based on net operating income (&#x201C;NOI&#x201D;), which we define as total real estate segment revenues less real estate expenses (which consist of real estate taxes, property management fees, utilities, repairs and maintenance, insurance and direct administrative costs). We believe NOI is an important measure of operating performance even though it should not be considered an alternative to net income or cash flow from operating activities. NOI is unaffected by financing, depreciation, amortization and certain general and administrative expenses.&nbsp;&nbsp;The accounting policies of each segment are consistent with those described in Note 2 of this report.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-size:10pt;">Segment Revenues and Net Operating Income</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The revenues and net operating income for the reportable segments (residential and commercial) are summarized as follows for the three and nine months ended September 30, 2018 and 2017, along with reconciliations to the consolidated financial statements. Segment assets are also reconciled to Total Assets as reported in the consolidated financial statements.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="middle" style="width:30.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Three months ended&nbsp;&nbsp;September 30, 2018</font></p> </td> <td valign="middle" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="middle" style="width:30.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Three months ended&nbsp;&nbsp;September 30, 2017</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Residential</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Commercial</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:08.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Total</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Residential</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Commercial</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Total</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:30.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:30.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Income from rental operations</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 22,627</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 6,627</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 29,254</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 21,863</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 6,792</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 28,655</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Expenses from rental operations</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 12,436</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 1,963</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 14,399</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 12,764</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 2,023</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 14,787</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Net operating income</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 10,191</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 4,664</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 14,855</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 9,099</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 4,769</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 13,868</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Interest</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 4,557</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 4,690</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Depreciation and amortization</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 5,274</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 5,427</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Administration of REIT</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 1,460</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 885</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Other (income)/expense</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (3,520)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (390)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Net income</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 7,084</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 3,256</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="middle" style="width:30.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Nine months ended September 30, 2018</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="middle" style="width:30.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Nine months ended September 30, 2017</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Residential</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Commercial</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:08.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Total</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Residential</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Commercial</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Total</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:30.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:30.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Income from rental operations</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 67,621</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 20,151</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 87,772</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 64,579</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 20,619</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 85,198</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Expenses from rental operations</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 38,032</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 5,593</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 43,625</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 35,630</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 5,600</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 41,230</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Net operating income</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 29,589</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 14,558</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 44,147</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 28,949</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 15,019</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 43,968</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Interest</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 13,632</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 13,938</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Depreciation and amortization</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 15,907</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 16,170</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Administration of REIT</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 3,703</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 4,208</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Loss on lease terminations</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> &nbsp;&#x2014;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 146</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Other (income)/expense</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (6,416)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> (5,240)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:36.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">Net income</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 17,321</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">$</font></p> </td> <td valign="bottom" style="width:07.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;"> 14,746</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-size:10pt;">Segment Assets and Accumulated Depreciation</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">As of September 30, 2018</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Residential</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Commercial</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;color:#000000;font-size:8pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Total</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:34.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Real estate investments</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 571,187</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 195,609</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 766,796</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Accumulated depreciation</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (86,570)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (36,686)</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (123,256)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 484,617</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 158,923</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 643,540</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Cash and cash equivalents</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 16,297</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Restricted deposits and funded reserves</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 14,811</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Investment in unconsolidated affiliates</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 2,765</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Receivables and other assets</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 6,610</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Financing and lease costs, less accumulated amortization</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 742</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Intangible assets, less accumulated amortization</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 11,536</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Total Assets</font></p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 696,301</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;"> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">As of December 31, 2017</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Residential</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Commercial</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.86%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Total</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td colspan="8" valign="bottom" style="width:34.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">(in thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Real estate investments</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 557,309</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 202,394</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 759,703</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Accumulated depreciation</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (76,404)</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (34,622)</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> (111,026)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 480,905</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 167,772</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 648,677</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Cash and cash equivalents</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 12,490</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Restricted deposits and funded reserves</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 8,063</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Investment in unconsolidated affiliates</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 2,772</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Receivables and other assets</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 5,603</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Financing and lease costs, less accumulated amortization</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 737</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 0pt 0pt 6pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Intangible assets, less accumulated amortization</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 13,263</font></p> </td> </tr> <tr> <td valign="bottom" style="width:63.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">Total Assets</font></p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:09.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 12pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:01.22%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;">$</font></p> </td> <td valign="bottom" style="width:08.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3pt 0pt 0pt;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;font-size:10pt;"> 691,605</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p><div /></div> </div> 16.50 18.50 <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-size:10pt;">NOTE 6 &#x2013; LINES OF CREDIT</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We have a $18,300 variable rate (1-month LIBOR plus 2.25%) line of credit agreement with Wells Fargo Bank, which expires in June 2021; a $6,315 variable rate (prime rate less 0.5%) &nbsp;line of credit agreement with Bremer Bank, which expires in November 2019; a $5,000 variable rate (floating LIBOR plus 2.00%) line of credit agreement with Bremer Bank, which expires June 2022; and a $3,200&nbsp;variable rate (LIBOR plus 2.04%) &nbsp;line of credit agreement with Bank of the West, which expires November 2020. The lines of credit are secured by properties in Duluth, Edina, Moorhead and St. Cloud, Minnesota; and Bismarck, Dickinson, Grand Forks and Fargo, North Dakota. At September 30, 2018, there was no balance outstanding on the lines of credit, leaving $32,815 available and unused under the agreements.&nbsp; </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Certain line of credit agreements includes covenants that, in part, impose maintenance of certain debt service coverage and debt to net worth ratios.&nbsp;&nbsp;As of September 30, 2018, we were in compliance with all covenants.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p><div /></div> </div> 518000 622000 273775000 90816000 179844000 3180000 -23179000 113995000 -65000 277990000 96252000 179195000 2576000 -24037000 120289000 -33000 <div> <div> <p style="margin:0pt;font-weight:bold;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">NOTE 12 &#x2013; BENEFICIAL INTEREST</font> </p> <p style="margin:0pt;line-height:11pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;line-height:11pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We are authorized to issue 100,000,000 common shares of beneficial interest with $0.01 par value and 50,000,000 preferred shares with $0.01 par value, which collectively represent the entire beneficial interest of Sterling. As of September 30, 2018&nbsp;and December 31, 2017, there were 8,837,000 and 8,488,000 common shares outstanding, respectively. We had no preferred shares outstanding as of either date.</font> </p> <p style="margin:0pt;line-height:11pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;line-height:11pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Dividends paid to holders of common shares were $0.763125 per share and $0.7425 per share for the nine months ended September 30, 2018 and 2017, respectively.</font> </p> <p style="margin:0pt;line-height:11pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font> </p><div /></div> </div> 59000 57000 247000 243000 243000 3000 4256000 4256000 4256000 57000 57000 57000 41000 63000 63000 634000 2167000 1099000 1068000 1099000 1099000 35000000 -186000 -59000 -87000 -17000 175000 175000 <div> <div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-size:10pt;">NOTE 18 - SUBSEQUENT EVENTS</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">On October 15, 2018, we paid a dividend or distribution of $0.254375 per share on our common shares of beneficial interest or limited partnership units, respectively, to common shareholders and limited partnership unit holders of record on September 30, 2018. &nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">On October 1, 2018, the operating partnership purchased a 30 unit apartment complex in Fargo, North Dakota for approximately $1,350.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">On October 24, 2018, the operating partnership purchased a 96 unit apartment complex in Bismarck, North Dakota for approximately $5,826.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">On November 1, 2018, the operating partnership purchased a 173 unit apartment complex in Omaha, Nebraska for approximately $11,170.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">On November 1, 2018, the operating partnership purchased a 31 unit apartment complex in Fargo, North Dakota for approximately $1,054.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">On November 1, 2018, the operating partnership purchased a 17 unit apartment complex in Fargo, North Dakota for approximately $714.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;"> <font style="display:inline;font-family:Times New Roman,Times,serif;">Pending acquisitions and dispositions are subject to numerous conditions and contingencies and there are no assurances that the transactions will be completed.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Arial,Helvetica,sans-serif;font-size: 10pt;"> <font style="display:inline;font-family:Times New Roman,Times,serif;">We have evaluated subsequent events through the date of this filing. We are not aware of any other subsequent events which would require recognition or disclosure in the consolidated financial statements.</font> </p><div /></div> </div> <div> <div> <p style="margin:0pt;font-weight:bold;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">NOTE 11 &#x2013; REDEMPTION PLANS</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Our Board of Trustees has approved redemption plans that enable our shareholders to sell their common shares and the partners of our operating partnership to sell their limited partnership units to us, after they have held the securities for at least one year and subject to other conditions and limitations described in the plans. </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">Our redemption plans currently provide that the maximum amount that can be redeemed under the plan is $35,000 worth of securities. Currently, the fixed redemption price is $17.50 per share or unit under the plans, which price became effective January 1, 2018.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">We may redeem securities under the plans provided that the aggregate total has not been exceeded and we have sufficient funds to do so. The plans will terminate in the event the shares become listed on any national securities exchange, the subject of bona fide quotes on any inter-dealer quotation system or electronic communications network or are the subject of bona fide quotes in the pink sheets. Additionally, the Board, in its sole discretion, may terminate, amend or suspend the redemption plans, either or both of them, if it determines to do so in its sole discretion.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">During the nine months ended September 30, 2018 and 2017, the Company redeemed 63,000 and 41,000 common shares valued at $1,099 and $634.&nbsp;&nbsp;In addition, during the nine months ended September 30, 2018 and 2017, the Company redeemed 61,000 and 58,000 units valued at $1,068 and $896.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p><div /></div> </div> 44000 12000 53000 19000 57000 32000 <div> <div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;font-size:10pt;">Use of Estimates</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-size:10pt;">&nbsp;</font> </p><div /></div> </div> 0 0 8234000 8356000 8730000 8840000 EX-101.SCH 6 sret-20180930.xsd EX-101.SCH 00100 - Statement - CONSOLIDATED BALANCE SHEETS link:presentationLink link:calculationLink link:definitionLink 00200 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME link:presentationLink link:calculationLink link:definitionLink 00202 - Statement - CONSOLIDATED STATEMENTS OF OPERATION AND OTHER COMPREHENSIVE INCOME (UNAUDITED)-Calc 2 link:presentationLink link:calculationLink link:definitionLink 00400 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS link:presentationLink link:calculationLink link:definitionLink 40302 - Disclosure - Segment Reporting - Summary of Segment Revenues and Net Operating Income (Details) link:presentationLink link:calculationLink link:definitionLink 40303 - Disclosure - Segment Reporting - Summary of Segment Assets and Accumulated Depreciation (Details) link:presentationLink link:calculationLink link:definitionLink 40401 - Disclosure - Real Estate Investments - Summary of Real Estate Investments (Details) link:presentationLink link:calculationLink link:definitionLink 40501 - Disclosure - Lease Intangibles - Schedule of Intangible Assets and Liabilities and Accumulated Amortization (Details) link:presentationLink link:calculationLink link:definitionLink 40502 - Disclosure - Lease Intangibles - Schedule of Estimated Aggregate Amortization Expense (Details) link:presentationLink link:calculationLink link:definitionLink 40701 - Disclosure - Mortgage Notes Payable - Summary (Details) link:presentationLink link:calculationLink link:definitionLink 40702 - Disclosure - Mortgage Notes Payable - Scheduled Maturities of Mortgage Notes Payable (Details) link:presentationLink link:calculationLink link:definitionLink 41703 - Disclosure - Acquisitions - Summary of Acquisition Date Fair Values (Details) link:presentationLink link:calculationLink link:definitionLink 00090 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00105 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00300 - Statement - CONSOLIDATED STATEMENT OF SHAREHOLDERS EQUITY link:presentationLink link:calculationLink link:definitionLink 10101 - Disclosure - ORGANIZATION link:presentationLink link:calculationLink link:definitionLink 10201 - Disclosure - PRINCIPAL ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:calculationLink link:definitionLink 10301 - Disclosure - SEGMENT REPORTING link:presentationLink link:calculationLink link:definitionLink 10401 - Disclosure - REAL ESTATE INVESTMENTS link:presentationLink link:calculationLink link:definitionLink 10501 - Disclosure - LEASE INTANGIBLES link:presentationLink link:calculationLink link:definitionLink 10601 - Disclosure - LINES OF CREDIT link:presentationLink link:calculationLink link:definitionLink 10701 - Disclosure - MORTGAGE NOTES PAYABLE link:presentationLink link:calculationLink link:definitionLink 10801 - Disclosure - HEDGING ACTIVITIES link:presentationLink link:calculationLink link:definitionLink 10901 - Disclosure - FAIR VALUE MEASUREMENT link:presentationLink link:calculationLink link:definitionLink 11001 - Disclosure - NONCONTROLLING INTEREST OF UNITHOLDERS IN OPERATING PARTNERSHIP link:presentationLink link:calculationLink link:definitionLink 11101 - Disclosure - REDEMPTION PLANS link:presentationLink link:calculationLink link:definitionLink 11201 - Disclosure - BENEFICIAL INTEREST link:presentationLink link:calculationLink link:definitionLink 11301 - Disclosure - DIVIDEND REINVESTMENT PLAN link:presentationLink link:calculationLink link:definitionLink 11401 - Disclosure - RELATED PARTY TRANSACTIONS link:presentationLink link:calculationLink link:definitionLink 11501 - Disclosure - COMMITMENTS AND CONTINGENCIES link:presentationLink link:calculationLink link:definitionLink 11601 - Disclosure - DISPOSITIONS link:presentationLink link:calculationLink link:definitionLink 11701 - Disclosure - ACQUISITIONS link:presentationLink link:calculationLink link:definitionLink 11801 - Disclosure - SUBSEQUENT EVENTS link:presentationLink link:calculationLink link:definitionLink 20202 - Disclosure - PRINCIPAL ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Policies) link:presentationLink link:calculationLink link:definitionLink 30203 - Disclosure - PRINCIPAL ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Tables) link:presentationLink link:calculationLink link:definitionLink 30303 - Disclosure - SEGMENT REPORTING (Tables) link:presentationLink link:calculationLink link:definitionLink 30403 - Disclosure - REAL ESTATE INVESTMENTS (Tables) link:presentationLink link:calculationLink link:definitionLink 30503 - Disclosure - LEASE INTANGIBLES (Tables) link:presentationLink link:calculationLink link:definitionLink 30703 - Disclosure - MORTGAGE NOTES PAYABLE (Tables) link:presentationLink link:calculationLink link:definitionLink 30903 - Disclosure - FAIR VALUE MEASUREMENT (Tables) link:presentationLink link:calculationLink link:definitionLink 31403 - Disclosure - RELATED PARTY TRANSACTIONS (Tables) link:presentationLink link:calculationLink link:definitionLink 31703 - Disclosure - ACQUISITIONS (Tables) link:presentationLink link:calculationLink link:definitionLink 40101 - Disclosure - Organization - Additional Information (Details) link:presentationLink link:calculationLink link:definitionLink 40201 - Disclosure - Principal Activity and Significant Accounting Policies - Principal Business Activity (Details) link:presentationLink link:calculationLink link:definitionLink 40202 - Disclosure - Principal Activity and Significant Accounting Policies - Real Estate Investments (Details) link:presentationLink link:calculationLink link:definitionLink 40203 - Disclosure - Principal Activity and Significant Accounting Policies - Held for Sale and Unconsolidated Affiliates (Details) link:presentationLink link:calculationLink link:definitionLink 40204 - Disclosure - Principal Activity and Significant Accounting Policies - Other (Details) link:presentationLink link:calculationLink link:definitionLink 40205 - Disclosure - Principal Activity and Significant Accounting Policies - Recent Accounting Pronouncements (Details) link:presentationLink link:calculationLink link:definitionLink 40301 - Disclosure - Segment Reporting - Additional Information (Details) link:presentationLink link:calculationLink link:definitionLink 40601 - Disclosure - Lines of Credit - Additional Information (Details) link:presentationLink link:calculationLink link:definitionLink 40801 - Disclosure - Hedging Activities - Additional Information (Details) link:presentationLink link:calculationLink link:definitionLink 40901 - Disclosure - Fair Value Measurement - Carrying Value and Estimated Fair Value of Company's Financial Instruments (Details) link:presentationLink link:calculationLink link:definitionLink 40902 - Disclosure - Fair Value Measurement - Schedule of Fair Value of Assets on Recurring Basis (Details) link:presentationLink link:calculationLink link:definitionLink 40903 - Disclosure - Fair Value Measurement - Fair Value of Company's Financial Assets and Liabilities (Details) link:presentationLink link:calculationLink link:definitionLink 40904 - Disclosure - Fair Value Measurement - Additional Information (Details) link:presentationLink link:calculationLink link:definitionLink 41001 - Disclosure - Noncontrolling Interest of Unitholders in Operating Partnership - Additional Information (Details) link:presentationLink link:calculationLink link:definitionLink 41101 - Disclosure - Redemption Plans - Additional Information (Details) link:presentationLink link:calculationLink link:definitionLink 41201 - Disclosure - Beneficial Interest - Additional Information (Details) link:presentationLink link:calculationLink link:definitionLink 41301 - Disclosure - Dividend Reinvestment Plan - Additional Information (Details) link:presentationLink link:calculationLink link:definitionLink 41401 - Disclosure - Related Party Transactions - Property Management and Board of Trustee Fees (Details) link:presentationLink link:calculationLink link:definitionLink 41402 - Disclosure - Related Party Transactions - Advisory Agreement and Other (Details) link:presentationLink link:calculationLink link:definitionLink 41601 - Disclosure - Dispositions - Additional Information (Details) link:presentationLink link:calculationLink link:definitionLink 41701 - Disclosure - Acquisitions - Purchases, Current Year (Details) link:presentationLink link:calculationLink link:definitionLink 41702 - Disclosure - Acquisitions - Purchases, Prior Year (Details) link:presentationLink link:calculationLink link:definitionLink 41801 - Disclosure - Subsequent Events - Additional Information (Details) link:presentationLink link:calculationLink link:definitionLink 00405 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS - Supplemental Disclosures link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 7 sret-20180930_cal.xml EX-101.CAL EX-101.DEF 8 sret-20180930_def.xml EX-101.DEF EX-101.LAB 9 sret-20180930_lab.xml EX-101.LAB EX-101.PRE 10 sret-20180930_pre.xml EX-101.PRE XML 11 R1.htm IDEA: XBRL DOCUMENT v3.10.0.1
Document and Entity Information - shares
9 Months Ended
Sep. 30, 2018
Nov. 05, 2018
Document And Entity Information [Abstract]    
Entity Registrant Name Sterling Real Estate Trust  
Entity Central Index Key 0001412502  
Document Type 10-Q  
Document Period End Date Sep. 30, 2018  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Entity Current Reporting Status Yes  
Entity Filer Category Accelerated Filer  
Entity Common Stock, Shares Outstanding   8,978,507
Document Fiscal Year Focus 2018  
Document Fiscal Period Focus Q3  
XML 12 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
ASSETS    
Real estate investments, net $ 643,540 $ 648,677
Cash and cash equivalents 16,297 12,490
Restricted deposits 14,811 8,063
Investment in unconsolidated affiliates 2,765 2,772
Due from related party 47 3
Receivables 4,110 5,113
Prepaid expenses 1,141 482
Financing and lease costs, less accumulated amortization of $1,981 in 2018 and $1,943 in 2017 742 737
Lease intangible assets, less accumulated amortization of $13,389 in 2018 and $12,932 in 2017 11,536 13,263
Other assets 1,312 5
Total Assets 696,301 691,605
LIABILITIES    
Mortgage notes payable, net 393,477 394,843
Special assessments payable 622 518
Dividends payable 6,718 6,436
Due to related party 466 366
Tenant security deposits payable 4,072 4,038
Subordinated debt 175 175
Lease intangible liabilities, less accumulated amortization of $1,549 in 2018 and $1,386 in 2017 1,540 1,776
Accounts payable - trade 1,398 486
Retainage payable   16
Fair value of interest rate swaps 33 65
Deferred insurance proceeds 35 1,216
Accrued expenses and other liabilities 9,775 7,895
Total Liabilities 418,311 417,830
COMMITMENTS and CONTINGENCIES - Note 15
SHAREHOLDERS' EQUITY    
Beneficial interest 96,252 90,816
Noncontrolling interest in operating partnership 179,195 179,844
Noncontrolling in partially owned properties 2,576 3,180
Accumulated other comprehensive loss (33) (65)
Total Shareholders' Equity 277,990 273,775
Total liabilities and shareholders' equity $ 696,301 $ 691,605
XML 13 R3.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
CONSOLIDATED BALANCE SHEETS    
Accumulated amortization on financing and lease cost $ 1,981 $ 1,943
Accumulated amortization on intangible assets 13,389 12,932
Accumulated amortization on unfavorable leases $ 1,549 $ 1,386
XML 14 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income from rental operations        
Real estate rental income $ 27,790 $ 27,088 $ 83,175 $ 80,606
Tenant reimbursements 1,464 1,567 4,597 4,592
Total income from rental operations 29,254 28,655 87,772 85,198
Expenses from rental operations        
Interest 4,557 4,690 13,632 13,938
Depreciation and amortization 5,274 5,427 15,907 16,170
Real estate taxes 2,889 3,186 8,633 8,389
Property management 3,361 3,137 10,541 9,163
Utilities 1,960 1,918 6,965 6,463
Repairs and maintenance 5,599 6,170 15,793 16,103
Insurance 590 376 1,693 1,112
Loss on lease terminations       146
Total expenses from rental operations 24,230 24,904 73,164 71,484
Administration of REIT        
Administrative expenses 154 61 361 290
Advisory fees 727 714 2,167 2,114
Acquisition and disposition expenses 434   583 1,375
Trustee fees 19 12 53 44
Legal and accounting 126 98 539 385
Total Administration of REIT 1,460 885 3,703 4,208
Total expenses 25,690 25,789 76,867 75,692
Income from operations 3,564 2,866 10,905 9,506
Other income (expense)        
Equity in income of unconsolidated affiliates 161 373 445 743
Other income 45 20 206 70
Gain (loss) on sale of real estate and non-real estate investments 3,214 (3) 4,298 2,049
Gain on change in control of real estate investments       2,186
Gain on sale of investment in equity method investee       3
Gain on involuntary conversion 100   1,467 189
Total other income (expense) 3,520 390 6,416 5,240
Net income 7,084 3,256 17,321 14,746
Net income attributable to noncontrolling interest in operating partnership 4,739 2,264 11,651 10,147
Net (loss) attributable to noncontrolling interest in partially owned properties (34) (90) (127) (222)
Net income attributable to Sterling Real Estate Trust $ 2,379 $ 1,082 $ 5,797 $ 4,821
Net income per common share, basic and diluted $ 0.27 $ 0.13 $ 0.66 $ 0.59
Comprehensive income:        
Net income $ 7,084 $ 3,256 $ 17,321 $ 14,746
Other comprehensive gain - change in fair value of interest rate swaps 8 17 32 57
Comprehensive income 7,092 3,273 17,353 14,803
Comprehensive income attributable to noncontrolling interest 4,710 2,185 11,546 9,964
Comprehensive income attributable to Sterling Real Estate Trust $ 2,382 $ 1,088 $ 5,807 $ 4,839
XML 15 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENT OF SHAREHOLDERS EQUITY - 9 months ended Sep. 30, 2018 - USD ($)
$ in Thousands
Common Shares
Paid-in Capital
Accumulated Distributions in Excess of Earnings
Total Beneficial Interest
Noncontrolling Interest in Operating Partnership
Noncontrolling Interest in Partially Owned Properties
Accumulated Other Comprehensive Income (Loss)
Total
Beginning Balance at Dec. 31, 2017   $ 113,995 $ (23,179) $ 90,816 $ 179,844 $ 3,180 $ (65) $ 273,775
Beginning Balance (in shares) at Dec. 31, 2017 8,488,000             8,488,000
Shares issued pursuant to trustee compensation plan   57   57       $ 57
Shares issued pursuant to trustee compensation plan (in shares) 3,000              
Contribution of assets in exchange for the issuance of noncontrolling interest shares         2,176     2,176
Shares/units redeemed   (1,099)   (1,099) (1,068)     (2,167)
Shares/units redeemed (in shares) (63,000)              
Dividends declared     (6,655) (6,655) (13,408)     (20,063)
Dividends reinvested - stock dividend   4,256   4,256       $ 4,256
Dividends reinvested - stock dividend (in shares) 243,000             243,000
Issuance of shares under optional purchase plan   3,080   3,080       $ 3,080
Issuance of shares under optional purchase plan (in shares) 166,000              
Change in fair value of interest rate swaps             32 32
Distributions paid to consolidated real estate entity noncontrolling interests           (477)   (477)
Net income     5,797 5,797 11,651 (127)   17,321
Ending balance at Sep. 30, 2018   $ 120,289 $ (24,037) $ 96,252 $ 179,195 $ 2,576 $ (33) $ 277,990
Ending balance (in shares) at Sep. 30, 2018 8,837,000             8,837,000
XML 16 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
OPERATING ACTIVITIES    
Net income $ 17,321 $ 14,746
Adjustments to reconcile net income to net cash from operating activities    
Gain on sale of real estate investments (4,298) (2,072)
Loss on sale of non-real estate investments   23
(Gain) on change in control of real estate investment   (2,186)
Gain on involuntary conversion (1,467) (189)
Loss on lease terminations   146
Equity in income of unconsolidated affiliates (445) (743)
Distributions of earnings of unconsolidated affiliates 445 80
Allowance for uncollectible accounts receivable (567)  
Depreciation 14,267 14,270
Amortization 1,590 1,855
Amortization of debt issuance costs 523 561
Effects on operating cash flows due to changes in    
Due from related party (44) 32
Receivables 751 (81)
Prepaid expenses (659) (430)
Other assets (1,307) 24
Due to related party 157 (532)
Tenant security deposits payable (1) 176
Accounts payable - trade 876 (96)
Accrued expenses and other liabilities 1,209 1,707
NET CASH PROVIDED BY OPERATING ACTIVITIES 28,351 27,291
INVESTING ACTIVITIES    
Purchase of real estate investment properties (6,079) (7,913)
Capital expenditures and tenant improvements (8,639) (9,122)
Proceeds from sale of real estate investments and non-real estate investments 13,052 4,442
Proceeds from involuntary conversion 1,111 1,937
Investment in unconsolidated affiliates (81) (294)
Distributions in excess of earnings received from unconsolidated affiliates 88 743
Notes receivable payments received   642
NET CASH USED IN INVESTING ACTIVITIES (548) (9,565)
FINANCING ACTIVITIES    
Payments for financing, debt issuance and lease costs (272) (442)
Principal payments on special assessments payable (141) (420)
Proceeds from issuance of mortgage notes payable and subordinated debt 10,281 23,916
Principal payments on mortgage notes payable (12,028) (16,632)
Advances on lines of credit 3,811  
Payments on lines of credit (3,811)  
Proceeds from issuance of shares under optional purchase plan 3,080 2,192
Shares/units redeemed (2,167) (1,530)
Dividends/distributions paid (16,001) (15,195)
NET CASH USED IN FINANCING ACTIVITIES (17,248) (8,111)
NET CHANGE IN CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITS 10,555 9,615
CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT BEGINNING OF PERIOD 20,553 19,270
CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT END OF PERIOD $ 31,108 $ 28,885
XML 17 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - Supplemental Disclosures - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT END OF PERIOD    
Cash and cash equivalents $ 16,297 $ 20,991
Restricted deposits 14,811 7,894
TOTAL CASH AND CASH EQUIVALENTS AND RESTRICTED DEPOSITS, END OF PERIOD 31,108 28,885
SCHEDULE OF CASH FLOW INFORMATION    
Cash paid during the period for interest, net of capitalized interest 13,648 13,954
SUPPLEMENTARY SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES    
Dividends reinvested 4,256 3,836
Dividends declared and not paid 2,248 2,067
UPREIT distributions declared and not paid 4,470 4,336
UPREIT units converted to REIT common shares   133
Shares issued pursuant to trustee compensation plan 57 59
Acquisition of assets in exchange for the issuance of noncontrolling interest units in UPREIT 2,176 14,378
Increase in land improvements due to increase in special assessments payable 399 1,141
Unrealized gain on interest rate swaps 32 57
Acquisition of assets with new financing   3,264
Acquisition of assets through assumption of debt and liabilities 71 1,367
Capitalized interest and real estate taxes related to construction in progress 108 126
Acquisition of assets with accounts payable $ 215 $ 572
XML 18 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
ORGANIZATION
9 Months Ended
Sep. 30, 2018
ORGANIZATION  
ORGANIZATION

Note 1 - Organization

 

Sterling Real Estate Trust (“Sterling”, “the Trust” or “the Company”) is a registered, but unincorporated business trust organized in North Dakota in November 2002.  Sterling has elected to be taxed as a Real Estate Investment Trust (“REIT”) under Sections 856-860 of the Internal Revenue Code, which requires that 75% of the assets of a REIT must consist of real estate assets and that 75% of its gross income must be derived from real estate. The net income of the REIT is allocated in accordance with the stock ownership in the same fashion as a regular corporation. 

 

Sterling previously established an operating partnership (“Sterling Properties, LLLP”) and transferred all of its assets and liabilities to the operating partnership in exchange for general partnership units. As the general partner, Sterling has management responsibility for all activities of the operating partnership. As of September 30, 2018 and December 31, 2017, Sterling owned approximately 33.46% and 32.64%, respectively, of the operating partnership.

 

XML 19 R9.htm IDEA: XBRL DOCUMENT v3.10.0.1
PRINCIPAL ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES
9 Months Ended
Sep. 30, 2018
PRINCIPAL ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES  
PRINCIPAL ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 – PRINCIPAL ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES

 

Basis of Presentation

 

The accompanying consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the year ended December 31, 2017, which have previously been filed with the Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been omitted from this report on Form 10-Q pursuant to the rules and regulations of the SEC.

 

The results for the interim periods shown in this report are not necessarily indicative of future financial results. The accompanying consolidated balance sheet as of September 30, 2018 and consolidated statements of operations and other comprehensive income, consolidated statement of shareholders’ equity, and consolidated statements of cash flows for the three and nine months ended September 30, 2018 and 2017, as applicable, have not been audited by our independent registered public accounting firm. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments necessary to present fairly our consolidated financial statements as of and for the three and nine months ended September 30, 2018. These adjustments are of a normal recurring nature.

 

Principles of Consolidation

 

The consolidated financial statements include the accounts of Sterling,  Sterling Properties, LLLP, and wholly-owned limited liability companies. All significant intercompany transactions and balances have been eliminated in consolidation.

 

Additionally, we evaluate the need to consolidate affiliates based on standards set forth in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 810, Consolidation (“ASC 810”).  In determining whether we have a requirement to consolidate the accounts of an entity, management considers factors such as our ownership interest, our authority to make decisions and contractual and substantive participating rights of the limited partners and shareholders, as well as whether the entity is a variable interest entity (“VIE”) for which we have both: a) the power to direct the activities of the VIE that most significantly impact the entity’s economic performance, and b) the obligation to absorb losses or the right to receive benefits from the VIE that could be potentially significant to the VIE.

 

 

Principal Business Activity

 

Sterling currently owns directly and indirectly 167 properties.  The Trust’s 119 residential properties are located in North Dakota, Minnesota, Missouri and Nebraska and are principally multifamily apartment buildings.  The Trust owns 48 commercial properties primarily located in North Dakota with others located in Arkansas, Colorado, Iowa, Louisiana, Michigan, Minnesota, Mississippi, Nebraska and Wisconsin. The commercial properties include retail, office, industrial, restaurant and medical properties.  Presently, the Trust’s mix of properties is 72.2% residential and 27.8% commercial (based on cost) and total $643,540 in real estate investments at September 30, 2018. Sterling’s current acquisition strategy and focus is on multifamily apartment properties.  We currently have no plans to actively market our existing commercial properties for sale.  We will consider unsolicited offers for purchase of non-multifamily properties on a case by case basis.

 

 

 

 

 

 

 

 

Residential Property

    

Location

    

No. of Properties

    

Units

 

 

North Dakota

 

100

 

5,963

 

 

Minnesota

 

16

 

3,033

 

 

Missouri

 

1

 

164

 

 

Nebraska

 

2

 

322

 

 

 

 

119

 

9,482

 

 

 

 

 

 

 

Commercial Property

    

Location

    

No. of Properties

    

Sq. Ft

 

 

North Dakota

 

20

 

780,000

 

 

Arkansas

 

2

 

29,000

 

 

Colorado

 

1

 

13,000

 

 

Iowa

 

1

 

33,000

 

 

Louisiana

 

1

 

15,000

 

 

Michigan

 

1

 

12,000

 

 

Minnesota

 

15

 

650,000

 

 

Mississippi

 

1

 

15,000

 

 

Nebraska

 

1

 

16,000

 

 

Wisconsin

 

5

 

63,000

 

 

 

 

48

 

1,626,000

 

 

Concentration of Credit Risk

 

Our cash balances are maintained in various bank deposit accounts. The bank deposit amounts in these accounts may exceed federally insured limits at various times throughout the year.

 

Use of Estimates

 

The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 

Real Estate Investments

 

Real estate investments are recorded at cost less accumulated depreciation.  Ordinary repairs and maintenance are expensed as incurred. 

The Company elected to early adopt ASU 2017-01, Business Combinations, on a prospective basis as of July 1, 2017. This guidance clarifies the definition of a business and provides a screen to determine when an integrated set of assets and activities is not  considered a business and, thus, accounted for as an asset acquisition as opposed to a business combination. Under this guidance, the Company expects most acquisitions of investment property will meet this screen and, thus, be accounted for as asset acquisitions. The Company allocates the purchase price of each acquired investment property that is accounted for as an asset acquisition based upon the relative fair value of the individual assets acquired and liabilities assumed, which generally include (i) land, (ii) building and other improvements, (iii) in-place lease value intangibles, (iv) acquired above and below market lease intangibles, (v) any assumed financing that is determined to be above or below market and (vi) the value of customer relationships. Asset acquisitions do not give rise to goodwill and the related transaction costs are capitalized and included with the allocated purchase price.  Acquisitions executed prior to our adoption of ASU 2017-01 as of July 1, 2017 were accounted for as business combinations. Transaction costs related to acquisitions accounted for as business combinations were expensed as incurred and included within “Administration of REIT expenses” in the accompanying consolidated statements of operations and other comprehensive income.

 

For tangible assets acquired, including land, building and other improvements, the Company considers available comparable market and industry information in estimating acquisition date fair value. Key factors considered in the calculation of fair value of both real property and intangible assets include the current market rent values, “dark” periods (building in vacant status), direct costs estimated with obtaining a new tenant, discount rates, escalation factors, standard lease terms, and tenant improvement costs. The Company allocates a portion of the purchase price to the estimated acquired in-place lease value intangibles based on factors available in third party appraisals or cash flow estimates of the property prepared by our internal analysis.  These estimates are based upon cash flow projections for the property, existing leases, lease origination costs for similar leases as well as lost rental payments during an assumed lease-up period. The Company also evaluates each acquired lease as compared to current market rates. If an acquired lease is determined to be above or below market, the Company allocates a portion of the purchase price to such above or below market leases based upon the present value of the difference between the contractual lease payments and estimated market rent payments over the remaining lease term. Renewal periods are included within the lease term in the calculation of above and below market lease values if, based upon factors known at the acquisition date, market participants would consider it reasonably assured that the lessee would exercise such options. Fair value estimates used in acquisition accounting, including the discount rate used, require the Company to consider various factors, including, but not limited to, market knowledge, demographics, age and physical condition of the property, geographic location, and size and location of tenant spaces within the acquired investment property.

 

The portion of the purchase price allocated to acquired in-place lease value intangibles is amortized on a straight-line basis over the life of the related lease as amortization expense. The Company incurred amortization expense pertaining to acquired in-place lease value intangibles of $473 and $546 for the three months ended September 30, 2018 and 2017, respectively and $1,516 and $1,709 for the nine months ended September 30, 2018 and 2017, respectively.

 

The portion of the purchase price allocated to acquired above and below market lease intangibles is amortized on a straight-line basis over the life of the related lease as an adjustment to real estate rental income. Amortization pertaining to above market lease intangibles of $55 and $56 for the three months ended September 30, 2018 and 2017, respectively, was recorded as a reduction to real estate rental income. Amortization pertaining to below market lease intangibles of $68 and $70 for the three months ended September 30, 2018 and 2017, respectively, was recorded as an increase to real estate rental income.  Amortization pertaining to above market lease intangibles of $166 and $169 for the nine months ended September 30, 2018 and 2017, respectively, was recorded as a reduction to real estate rental income. Amortization pertaining to below market lease intangibles of $208 and $214 for the nine months ended September 30, 2018 and 2017, respectively, was recorded as an increase to real estate rental income.

 

Furniture and fixtures are stated at cost less accumulated depreciation. Expenditures for renewals and improvements that significantly add to the productive capacity or extend the useful life of an asset are capitalized. Expenditures for routine maintenance and repairs, which do not add to the value or extend useful lives, are charged to expense as incurred.

 

Depreciation is provided for over the estimated useful lives of the individual assets using the straight-line method over the following estimated useful lives:

 

 

 

 

 

Buildings and improvements

    

40 years

Furniture, fixtures and equipment

 

5-9 years

 

Depreciation expense for the three months ended September 30, 2018 and 2017 totaled $4,761 and $4,816, respectively. Depreciation expense for the nine months ended September 30, 2018 and 2017 totaled $14,267 and $14,270, respectively.

 

The Company’s investment properties are reviewed for potential impairment at the end of each reporting period whenever events or changes in circumstances indicate that the carrying value may not be recoverable. At the end of each reporting period, the Company separately determines whether impairment indicators exist for each property. 

 

Examples of situations considered to be impairment indicators include, but are not limited to:

 

·

a substantial decline or continued low occupancy rate;

·

continued difficulty in leasing space;

·

significant financially troubled tenants;

·

a change in plan to sell a property prior to the end of its useful life or holding period;

·

a significant decrease in market price not in line with general market trends; and

·

any other quantitative or qualitative events or factors deemed significant by the Company’s management or board of trustees.

 

If the presence of one or more impairment indicators as described above is identified at the end of the reporting period or throughout the year with respect to an investment property, the asset is tested for recoverability by comparing its carrying value to the estimated future undiscounted cash flows.  An investment property is considered to be impaired when the estimated future undiscounted cash flows are less than its current carrying value.  When performing a test for recoverability or estimating the fair value of an impaired investment property, the Company makes complex or subjective assumptions which include, but are not limited to:

 

·

projected operating cash flows considering factors such as vacancy rates, rental rates, lease terms, tenant financial strength, demographics, holding period and property location;

·

projected capital expenditures and lease origination costs;

·

projected cash flows from the eventual disposition of an operating property using a property specific capitalization rate;

·

comparable selling prices; and

·

property specific discount rates for fair value estimates as necessary.

 

To the extent impairment has occurred, the Company will record an impairment charge calculated as the excess of the carrying value of the asset over its fair value for impairment of investment properties.  Based on evaluation, there were no impairment losses during the nine months ended September 30, 2018 and 2017.    

 

 

Properties Held for Sale

 

We account for our properties held for sale in accordance with ASC 360, Property, Plant and Equipment (“ASC 360”), which addresses financial accounting and reporting in a period in which a component or group of components of an entity either has been disposed of or is classified as held for sale. 

 

In accordance with ASC 360, at such time as a property is held for sale, such property is carried at the lower of: (1) its carrying amount, or (2) fair value less costs to sell.  In addition, a property being held for sale ceases to be depreciated.  We classify operating properties as properties held for sale in the period in which all of the following criteria are met:

 

·

management, having the authority to approve the action, commits to a plan to sell the asset;

·

the asset is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets;

·

an active program to locate a buyer and other actions required to complete the plan to sell the asset has been initiated;

·

the sale of the asset is probable and the transfer of the asset is expected to qualify for recognition as a completed sale within one year;

·

the asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and

·

given the actions required to complete the plan to sell the asset, it is unlikely that significant changes to the plan would be made or that the plan would be withdrawn.

 

The results of operations of a component of an entity that either has been disposed of or is classified as held-for-sale under the requirements of ASC 360 shall be reported in discontinued operations in accordance with ASC 205, Presentation of Financial Statements (“ASC 205”) if such disposal or classification represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results.

 

There were no properties classified as held for sale at September 30, 2018 or at December 31, 2017.  See Note 16.

 

Construction in Progress

 

The Company capitalizes direct and certain indirect project costs incurred during the development period such as construction, insurance, architectural, legal, interest and other financing costs, and real estate taxes.  At such time as the development is considered substantially complete, the capitalization of certain indirect costs such as real estate taxes and interest and financing costs cease and all project-related costs included in construction in process are reclassified to land and building and other improvements.

 

Cash, Cash Equivalents and Restricted Cash

 

We classify highly liquid investments with a maturity of three months or less when purchased as cash equivalents. Restricted cash includes funds escrowed for tenant security deposits, real estate tax, insurance and mortgage escrows and escrow deposits required by lenders on certain properties to be used for future building renovations or tenant improvements and potential Internal Revenue Code Section 1031 tax deferred exchanges (1031 Exchange).

 

Investment in Unconsolidated Affiliates

 

We account for unconsolidated affiliates using the equity method of accounting per guidance established under ASC 323, Investments – Equity Method and Joint Ventures (“ASC 323”). The equity method of accounting requires the investment to be initially recorded at cost and subsequently adjusted for our share of equity in the affiliates’ earnings, contributions and distributions. We evaluate the carrying amount of the investments for impairment in accordance with ASC 323. Unconsolidated affiliates are reviewed for potential impairment if the carrying amount of the investment exceeds its fair value. An impairment charge is recorded when an impairment is deemed to be other-than-temporary. To determine whether impairment is other-than-temporary, we consider whether we have the ability and intent to hold the investment until the carrying amount is fully recovered. The evaluation of an investment in an affiliate for potential impairment can require our management to exercise significant judgments. No impairment losses were recorded related to the unconsolidated affiliates for the nine months ended September 30, 2018 and 2017.  

 

We use the equity method to account for investments that qualify as variable interest entities where we are not the primary beneficiary and entities that we do not control or where we do not own a majority of the economic interest but have the ability to exercise significant influence over the operations and financial policies of the investee.  We will also use the equity method for investments that do not qualify as variable interest entities and do not meet the control requirements for consolidation, as defined in ASC 810.  For a joint venture accounted for under the equity method, our share of net earnings and losses is reflected in income when earned and distributions are credited against our investment in the joint venture as received.

 

In determining whether an investment in a limited liability company or tenant in common is a variable interest entity, we consider: the form of our ownership interest and legal structure; the size of our investment; the financing structure of the entity, including the necessity of subordinated debt; estimates of future cash flows; our and our partner’s ability to participate in the decision making related to acquisitions, dispositions, budgeting and financing on the entity; and obligation to absorb losses and preferential returns.  As of September 30, 2018, our tenant in common arrangements do not qualify as variable interest entities and do not meet the control requirements for consolidation, as defined in ASC 810.

 

As of September 30, 2018 and December 31, 2017, the unconsolidated affiliates held total assets of $23,313 and $23,466 and mortgage notes payable of $17,189 and $17,470, respectively.

 

The operating partnership is a 50% owner of a retail center as a tenant in common through 100% ownership in a limited liability company.  The retail center has approximately 183,000 square feet of commercial space in Grand Forks, North Dakota. The property is encumbered by a non-recourse first mortgage with a balance at September 30, 2018 and December 31, 2017 of $10,537 and $10,692, respectively. The Company is jointly and severally liable for the full mortgage balance.

 

The operating partnership owns a 66.67% interest as tenant in common in an office building with approximately 75,000 square feet of commercial rental space in Fargo, North Dakota. The property is encumbered by a first mortgage with a balance at September 30, 2018 and December 31, 2017 of $6,652 and $6,778, respectively. The Company is jointly and severally liable for the full mortgage balance.

 

Receivables

 

Receivables consist primarily of amounts due for rent. Accounts receivable are carried at original amounts billed less an estimate made for doubtful accounts based on a review of outstanding amounts on a quarterly basis and reflect management’s best estimate of the amounts that will not be collected.  Accounts receivable are written off when collection efforts have been exhausted and they are deemed uncollectible.  Recoveries, if any, of receivables previously written off are recorded when received.  The receivables are non-interest bearing and are unsecured. As of September 30, 2018, management’s estimate of uncollectible accounts receivable was $567. As of December 31, 2017, management determined no allowance was necessary for uncollectible receivables. 

 

Financing and Lease Costs

 

Financing costs have been capitalized and are being amortized over the life of the financing (line of credit) using the effective interest method.  Unamortized financing costs are written off when debt is retired before the maturity date and included in interest expense at that time. 

 

Lease costs incurred in connection with new leases have been capitalized and are being amortized over the life of the lease using the straight-line method. We record the amortization of leasing costs in depreciation and amortization on the consolidated statements of operations and comprehensive income. If an applicable lease terminates prior to the expiration of its initial lease term, we write off the carrying amount of the costs to amortization expense.

 

Debt Issuance Costs

 

We amortize external debt issuance costs using the effective interest rate method, over the estimated life of the related debt. We record debt issuance costs related to notes and mortgage notes, net of amortization, on our consolidated balance sheets as an offset to their related debt. We record debt issuance costs related to revolving lines of credit on our consolidated balance sheets as financing fees, regardless of whether a balance on the line of credit is outstanding. We record the amortization of all debt issuance costs as interest expense.

 

Lease Intangible Assets

 

Lease intangibles are a purchase price allocation recorded on property acquisition. The lease intangibles represent the estimated value of in-place leases, tenant relationships and the value of leases with above or below market lease terms. Lease intangibles are amortized over the term of the related lease.

 

The carrying amount of intangible assets is regularly reviewed for indicators of impairments in value. Impairment is recognized only if the carrying amount of the intangible asset is considered to be unrecoverable from its undiscounted cash flows and is measured as the difference between the carrying amount and the estimated fair value of the asset. Based on the review, management determined no impairment charges were necessary at September 30, 2018 and December 31, 2017.

 

Noncontrolling Interest

 

A noncontrolling interest in a subsidiary (minority interest) is in most cases an ownership interest in the consolidated entity that should be reported as equity in the consolidated financial statements and separate from the parent company’s equity.  In addition, consolidated net income is required to be reported at amounts that include the amounts attributable to both the parent and the noncontrolling interest and the amount of consolidated net income attributable to the parent and the noncontrolling interest are required to be disclosed on the face of the consolidated statements of operations and comprehensive income. 

 

Operating Partnership: Interests in the operating partnership held by limited partners are represented by operating partnership units.  The operating partnership’s income is allocated to holders of units based upon the ratio of their holdings to the total units outstanding during the period. Capital contributions, distributions, syndication costs, and profits and losses are allocated to noncontrolling interests in accordance with the terms of the operating partnership agreement.

 

Partially Owned Properties: The Company reflects noncontrolling interests in partially owned properties on the balance sheet for the portion of properties consolidated by the Company that are not wholly owned by the Company.  The earnings or losses from those properties attributable to the noncontrolling interests are reflected as noncontrolling interests in partially owned properties in the consolidated statement of operations and comprehensive income.

 

Syndication Costs

 

Syndication costs consist of costs paid to attorneys, accountants, and selling agents, related to the raising of capital. Syndication costs are recorded as a reduction to beneficial and noncontrolling interest.

 

Federal Income Taxes

 

We have elected to be taxed as a REIT under the Internal Revenue Code, as amended. A REIT calculates taxable income similar to other domestic corporations, with the major difference being a REIT is entitled to a deduction for dividends paid. A REIT is generally required to distribute each year at least 90% of its taxable income. If it chooses to retain the remaining 10% of taxable income, it may do so, but it will be subject to a corporate tax on such income. REIT shareholders are taxed on REIT distributions of ordinary income in the same manner as they are taxed on other corporate distributions.

 

We intend to continue to qualify as a REIT and, provided we maintain such status, will not be taxed on the portion of the income that is distributed to shareholders. In addition, we intend to distribute all of our taxable income; therefore, no provisions or liabilities for income taxes have been recorded in the financial statements.

 

Sterling conducts its business activity as an Umbrella Partnership Real Estate Investment Trust (“UPREIT”) through its Operating Partnership – Sterling Properties, LLLP.  The Operating Partnership is organized as a limited liability limited partnership. Income or loss is allocated to the partners in accordance with the provisions of the Internal Revenue Code 704(b) and 704(c). UPREIT status allows non-recognition of gain by an owner of appreciated real estate if that owner contributes the real estate to a partnership in exchange for a partnership interest. The conversion of a partnership interest to shares of beneficial interest in the REIT will be a taxable event to the limited partner.

 

We follow ASC Topic 740, Income Taxes, to recognize, measure, present and disclose in our consolidated financial statements uncertain tax positions that we have taken or expect to take on a tax return. As of September 30, 2018 and December 31, 2017 we did not have any liabilities for uncertain tax positions that we believe should be recognized in our consolidated financial statements. We are no longer subject to Federal and State tax examinations by tax authorities for years before 2015.

 

The operating partnership has elected to record related interest and penalties, if any, as income tax expense on the consolidated statements of operations and other comprehensive income.

 

Revenue Recognition

 

We derive over 95% of our revenues from tenant rents and other tenant-related activities. We lease multifamily units under operating leases with terms of one year or less. Rental income and other property revenues are recorded when due from tenants and recognized monthly as earned pursuant to the terms of the underlying leases.  Other property revenues consist primarily of laundry, application and other fees charged to tenants. 

 

We lease commercial space primarily under long-term lease agreements. Commercial tenant rents include base rents, expense reimbursements (such as common area maintenance, real estate taxes and utilities), and a straight-line rent adjustment. We record base rents on a straight-line basis. The monthly base rent income according to the terms of our leases is adjusted so that an average monthly rent is recorded for each tenant over the term of its lease. The straight-line rent adjustment increased revenue by $17 and $59 for the three months ended September 30, 2018 and 2017, respectively. The straight-line rent adjustment increased revenue by $87 and $186 for the nine months ended September 30, 2018 and 2017, respectively. The straight-line receivable balance included in receivables on the consolidated balance sheets as of September 30, 2018 and December 31, 2017 was $3,363 and $3,586, respectively. We receive payments for expense reimbursements from substantially all our multi-tenant commercial tenants throughout the year based on estimates. Differences between estimated recoveries and the final billed amounts, which generally are immaterial, are recognized in the subsequent year.

 

Earnings per Common Share

 

Basic earnings per common share is computed by dividing net income available to common shareholders (the “numerator”) by the weighted average number of common shares outstanding (the “denominator”) during the period. Sterling had no dilutive potential common shares as of September 30, 2018 and 2017, and therefore, basic earnings per common share was equal to diluted earnings per common share for both periods.

 

For the three months ended September 30, 2018 and 2017, Sterling’s denominators for the basic and diluted earnings per common share were approximately 8,840,000 and 8,356,000, respectively. For the nine months ended September 30, 2018 and 2017, Sterling’s denominators for the basic and diluted earnings per common share were approximately 8,730,000 and 8,234,000, respectively.

 

Reclassifications

 

Certain reclassifications considered necessary for a fair presentation have been made to the prior period financial statements in order to conform to the current year presentation.  These reclassifications have not changed the results of operations or equity.

 

Recent Accounting Pronouncements 

 

In May 2014, the FASB and International Accounting Standards Board issued their final standard on revenue from contracts with customers, which was issued by the FASB as Accounting Standards Update 2014-09, Revenue from Contracts with Customers, or ASU 2014-09. ASU 2014-09, which establishes a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers, supersedes most current GAAP applicable to revenue recognition and converges U.S. and international accounting standards in this area. The core principle of the new guidance is that revenue shall only be recognized when an entity has transferred control of goods or services to a customer and for an amount reflecting the consideration to which the entity expects to be entitled for such exchange. Additionally, lease contracts are specifically excluded from ASU 2014-09. In July 2015, the FASB decided to defer the effective date for annual reporting periods beginning after December 15, 2017.  Early adoption is permitted beginning on the original effective date of periods beginning after December 15, 2016. Upon adoption, ASU 2014-09 allows for full retrospective adoption applied to all periods presented or modified retrospective adoption with the cumulative effect of initially applying the standard recognized at the date of initial application. We have performed a review of the requirements of the new guidance and have identified which of our revenue streams will be within the scope of ASU 2014-09.  We have completed an adoption plan which included a review of transactions supporting each revenue stream to determine the impact of accounting treatment under ASU 2014-09, an evaluation of the method of adoption and assessing changes that might be necessary to information technology systems, processes and internal controls to capture new data and address changes in financial reporting. We adopted this standard effective as of January 1, 2018 and have concluded that the adoption of this guidance did not have an impact on our financial position or results of operations. We concluded this standard will have an impact on the disclosure of gain/loss on sale of real estate investments upon the adoption of the update ASU 2014-09, but will not have an impact on “total real estate rental income.”

 

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which amends existing accounting standards for lease accounting, including by requiring lessees to recognize most leases on the balance sheet and making certain changes to lessor accounting. The standard will take effect for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018 with earlier application permitted. In January 2018, the FASB released an exposure draft to ASU No. 2016-02 that if issued in its current form would (1) simplify transition requirements for both lessees and lessors by adding an option that would permit an organization to apply the transition provisions of the new standard at its adoption date instead of at the earliest comparative period presented in its financial statements and, (2) provide a practical expedient for lessors that would permit lessors to not be required to separate nonlease components from the associated lease components if certain conditions are met. The Company is evaluating the impact of ASU No. 2016-02 on its financial position and results of operations. 

 

In November 2016, the FASB issued ASU No. 2016-18 to require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents will be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. ASU 2016-18 was effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years and early adoption was permitted. The pronouncement requires a retrospective transition method of adoption. We adopted this standard effective January 1, 2018. Upon adoption, the Company included amounts generally described as restricted cash within the beginning-of-period, change and end-of-period total amounts on the statement of cash flows rather than within an activity on the statement of cash flows.

 

In August 2016, the FASB issued ASU No. 2016-15 to provide guidance for areas where there is diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. We adopted this standard effective January 1, 2018 and have concluded that the adoption of this guidance did not have an impact on our financial position or results of operations, since the cumulative earnings approach for distributions received from equity method investees would continue to be utilized.

 

The new standards must be applied retrospectively to all periods presented in the financial statements.  The Company adopted the new standard effective January 1, 2018 and will continue to apply the cumulative earnings approach for distributions received from equity method investees.  While overall cash flows did not change, there were changes between cash flow classifications due primarily to restricted deposits.  As of September 30, 2017, the following cash flows were reclassified:

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

September 30, 2017

 

 

 

As Originally

 

 

Reclassification

 

 

As Presented

 

    

Presented

    

Adjustments

    

Herein

 

 

(in thousands)

Cash Flows from Operating Activities:

 

 

 

 

 

 

 

 

 

Restricted deposits - tenant security deposits

 

$

(150)

 

$

150

 

$

 —

Restricted deposits - real estate tax and insurance escrow

 

$

577

 

$

(577)

 

$

 —

Net cash provided by operating activities

 

$

27,718

 

$

(427)

 

$

27,291

 

 

 

 

 

 

 

 

 

 

Cash Flows from Investing Activities

 

 

 

 

 

 

 

 

 

Restricted deposits - exchange escrow

 

$

(4,328)

 

$

4,328

 

$

 —

Restricted deposits - replacement reserves

 

$

(952)

 

$

952

 

$

 —

Purchase of real estate investment properties

 

$

(3,718)

 

$

(4,195)

 

$

(7,913)

Net cash provided by Investing activities

 

$

(10,650)

 

$

1,085

 

$

(9,565)

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents, beginning of period

 

$

12,034

 

 

 

 

 

 

(adjustments for restricted deposits, beginning of period)

 

 

 

 

$

7,236

 

 

 

Cash and cash equivalents and restricted deposits, beginning of period

 

 

 

 

 

 

 

$

19,270

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents, end of period

 

$

20,991

 

 

 

 

 

 

(adjustments for restricted deposits, end of period)

 

 

 

 

$

7,894

 

 

 

Cash and cash equivalents and restricted deposits, end of period

 

 

 

 

 

 

 

$

28,885

 

Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying Consolidated Financial Statements.    

XML 20 R10.htm IDEA: XBRL DOCUMENT v3.10.0.1
SEGMENT REPORTING
9 Months Ended
Sep. 30, 2018
SEGMENT REPORTING  
SEGMENT REPORTING

NOTE 3 – segment reporting

 

We report our results in two reportable segments: residential and commercial properties. Our residential properties include multifamily properties. Our commercial properties include retail, office, industrial, restaurant and medical properties. We assess and measure operating results based on net operating income (“NOI”), which we define as total real estate segment revenues less real estate expenses (which consist of real estate taxes, property management fees, utilities, repairs and maintenance, insurance and direct administrative costs). We believe NOI is an important measure of operating performance even though it should not be considered an alternative to net income or cash flow from operating activities. NOI is unaffected by financing, depreciation, amortization and certain general and administrative expenses.  The accounting policies of each segment are consistent with those described in Note 2 of this report.

 

Segment Revenues and Net Operating Income

 

The revenues and net operating income for the reportable segments (residential and commercial) are summarized as follows for the three and nine months ended September 30, 2018 and 2017, along with reconciliations to the consolidated financial statements. Segment assets are also reconciled to Total Assets as reported in the consolidated financial statements.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended  September 30, 2018

 

Three months ended  September 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Residential

    

Commercial

    

Total

    

Residential

    

Commercial

    

Total

 

 

(in thousands)

 

(in thousands)

Income from rental operations

 

$

22,627

 

$

6,627

 

$

29,254

 

$

21,863

 

$

6,792

 

$

28,655

Expenses from rental operations

 

 

12,436

 

 

1,963

 

 

14,399

 

 

12,764

 

 

2,023

 

 

14,787

Net operating income

 

$

10,191

 

$

4,664

 

$

14,855

 

$

9,099

 

$

4,769

 

$

13,868

Interest

 

 

 

 

 

 

 

 

4,557

 

 

 

 

 

 

 

 

4,690

Depreciation and amortization

 

 

 

 

 

 

 

 

5,274

 

 

 

 

 

 

 

 

5,427

Administration of REIT

 

 

 

 

 

 

 

 

1,460

 

 

 

 

 

 

 

 

885

Other (income)/expense

 

 

 

 

 

 

 

 

(3,520)

 

 

 

 

 

 

 

 

(390)

Net income

 

 

 

 

 

 

 

$

7,084

 

 

 

 

 

 

 

$

3,256

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended September 30, 2018

 

Nine months ended September 30, 2017

 

    

Residential

    

Commercial

    

Total

    

Residential

    

Commercial

    

Total

 

 

(in thousands)

 

(in thousands)

Income from rental operations

 

$

67,621

 

$

20,151

 

$

87,772

 

$

64,579

 

$

20,619

 

$

85,198

Expenses from rental operations

 

 

38,032

 

 

5,593

 

 

43,625

 

 

35,630

 

 

5,600

 

 

41,230

Net operating income

 

$

29,589

 

$

14,558

 

$

44,147

 

$

28,949

 

$

15,019

 

$

43,968

Interest

 

 

 

 

 

 

 

 

13,632

 

 

 

 

 

 

 

 

13,938

Depreciation and amortization

 

 

 

 

 

 

 

 

15,907

 

 

 

 

 

 

 

 

16,170

Administration of REIT

 

 

 

 

 

 

 

 

3,703

 

 

 

 

 

 

 

 

4,208

Loss on lease terminations

 

 

 

 

 

 

 

 

 —

 

 

 

 

 

 

 

 

146

Other (income)/expense

 

 

 

 

 

 

 

 

(6,416)

 

 

 

 

 

 

 

 

(5,240)

Net income

 

 

 

 

 

 

 

$

17,321

 

 

 

 

 

 

 

$

14,746

 

Segment Assets and Accumulated Depreciation

 

 

 

 

 

 

 

 

 

 

 

As of September 30, 2018

    

Residential

    

Commercial

    

Total

 

 

(in thousands)

Real estate investments

 

$

571,187

 

$

195,609

 

$

766,796

Accumulated depreciation

 

 

(86,570)

 

 

(36,686)

 

 

(123,256)

 

 

$

484,617

 

$

158,923

 

 

643,540

Cash and cash equivalents

 

 

 

 

 

 

 

 

16,297

Restricted deposits and funded reserves

 

 

 

 

 

 

 

 

14,811

Investment in unconsolidated affiliates

 

 

 

 

 

 

 

 

2,765

Receivables and other assets

 

 

 

 

 

 

 

 

6,610

Financing and lease costs, less accumulated amortization

 

 

 

 

 

 

 

 

742

Intangible assets, less accumulated amortization

 

 

 

 

 

 

 

 

11,536

Total Assets

 

 

 

 

 

 

 

$

696,301

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2017

    

Residential

    

Commercial

    

Total

 

 

(in thousands)

Real estate investments

 

$

557,309

 

$

202,394

 

$

759,703

Accumulated depreciation

 

 

(76,404)

 

 

(34,622)

 

 

(111,026)

 

 

$

480,905

 

$

167,772

 

 

648,677

Cash and cash equivalents

 

 

 

 

 

 

 

 

12,490

Restricted deposits and funded reserves

 

 

 

 

 

 

 

 

8,063

Investment in unconsolidated affiliates

 

 

 

 

 

 

 

 

2,772

Receivables and other assets

 

 

 

 

 

 

 

 

5,603

Financing and lease costs, less accumulated amortization

 

 

 

 

 

 

 

 

737

Intangible assets, less accumulated amortization

 

 

 

 

 

 

 

 

13,263

Total Assets

 

 

 

 

 

 

 

$

691,605

 

XML 21 R11.htm IDEA: XBRL DOCUMENT v3.10.0.1
REAL ESTATE INVESTMENTS
9 Months Ended
Sep. 30, 2018
REAL ESTATE INVESTMENTS  
REAL ESTATE INVESTMENTS

note 4 – real estate investments

 

 

 

 

 

 

 

 

 

 

 

As of September 30, 2018

    

Residential

    

Commercial

    

Total

 

 

(in thousands)

Land and land improvements

 

$

73,794

 

$

37,727

 

$

111,521

Building and improvements

 

 

470,141

 

 

156,245

 

 

626,386

Furniture, fixtures and equipment

 

 

25,737

 

 

1,466

 

 

27,203

Construction in progress

 

 

1,515

 

 

171

 

 

1,686

 

 

 

571,187

 

 

195,609

 

 

766,796

Less accumulated depreciation

 

 

(86,570)

 

 

(36,686)

 

 

(123,256)

 

 

$

484,617

 

$

158,923

 

$

643,540

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2017

    

Residential

    

Commercial

    

Total

 

 

(in thousands)

Land and land improvements

 

$

73,109

 

$

37,841

 

$

110,950

Building and improvements

 

 

457,443

 

 

163,087

 

 

620,530

Furniture, fixtures and equipment

 

 

25,381

 

 

1,466

 

 

26,847

Construction in progress

 

 

1,376

 

 

 —

 

 

1,376

 

 

 

557,309

 

 

202,394

 

 

759,703

Less accumulated depreciation

 

 

(76,404)

 

 

(34,622)

 

 

(111,026)

 

 

$

480,905

 

$

167,772

 

$

648,677

 

Construction in progress as of September 30, 2018 consists primarily of development and planning costs associated with phase III of a multifamily apartment community under construction in Bismarck, North Dakota.  Phase I and II of the Bismarck development are complete and Phase III is still in the planning stages and construction has not yet commenced. 

   

XML 22 R12.htm IDEA: XBRL DOCUMENT v3.10.0.1
LEASE INTANGIBLES
9 Months Ended
Sep. 30, 2018
LEASE INTANGIBLES  
LEASE INTANGIBLES

NOTE 5 - Lease intangibles

 

The following table summarizes the net value of other intangible assets and liabilities and the accumulated amortization for each class of intangible:

 

 

 

 

 

 

 

 

 

 

 

 

Lease

 

Accumulated

 

Lease

As of September 30, 2018

    

Intangibles

    

Amortization

    

Intangibles, net

Lease Intangible Assets

 

(in thousands)

In-place leases

 

$

21,684

 

$

(12,122)

 

$

9,562

Above-market leases

 

 

3,241

 

 

(1,267)

 

 

1,974

 

 

$

24,925

 

$

(13,389)

 

$

11,536

Lease Intangible Liabilities

 

 

 

 

 

 

 

 

 

Below-market leases

 

$

(3,089)

 

$

1,549

 

$

(1,540)

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease

 

Accumulated

 

Lease

As of December 31, 2017

    

Intangibles

    

Amortization

    

Intangibles, net

Lease Intangible Assets

 

(in thousands)

In-place leases

 

$

23,080

 

$

(11,797)

 

$

11,283

Above-market leases

 

 

3,115

 

 

(1,135)

 

 

1,980

 

 

$

26,195

 

$

(12,932)

 

$

13,263

Lease Intangible Liabilities

 

 

 

 

 

 

 

 

 

Below-market leases

 

$

(3,162)

 

$

1,386

 

$

(1,776)

 

 

The estimated aggregate amortization expense for each of the five succeeding fiscal years and thereafter is as follows:

 

 

 

 

 

 

 

 

 

Intangible

 

Intangible

Years ending December 31,

    

Assets

    

Liabilities

 

 

(in thousands)

2018 (October 1, 2018 to December 31, 2018)

 

$

515

 

$

68

2019

 

 

1,884

 

 

264

2020

 

 

1,459

 

 

213

2021

 

 

1,163

 

 

184

2022

 

 

1,028

 

 

164

Thereafter

 

 

5,487

 

 

647

 

 

$

11,536

 

$

1,540

 

The weighted average amortization period for the intangible assets, in-place leases, above-market leases, and below-market leases acquired as of September 30, 2018 was 6.6 years.

XML 23 R13.htm IDEA: XBRL DOCUMENT v3.10.0.1
LINES OF CREDIT
9 Months Ended
Sep. 30, 2018
LINES OF CREDIT  
LINES OF CREDIT

NOTE 6 – LINES OF CREDIT

 

We have a $18,300 variable rate (1-month LIBOR plus 2.25%) line of credit agreement with Wells Fargo Bank, which expires in June 2021; a $6,315 variable rate (prime rate less 0.5%)  line of credit agreement with Bremer Bank, which expires in November 2019; a $5,000 variable rate (floating LIBOR plus 2.00%) line of credit agreement with Bremer Bank, which expires June 2022; and a $3,200 variable rate (LIBOR plus 2.04%)  line of credit agreement with Bank of the West, which expires November 2020. The lines of credit are secured by properties in Duluth, Edina, Moorhead and St. Cloud, Minnesota; and Bismarck, Dickinson, Grand Forks and Fargo, North Dakota. At September 30, 2018, there was no balance outstanding on the lines of credit, leaving $32,815 available and unused under the agreements. 

 

Certain line of credit agreements includes covenants that, in part, impose maintenance of certain debt service coverage and debt to net worth ratios.  As of September 30, 2018, we were in compliance with all covenants.

 

XML 24 R14.htm IDEA: XBRL DOCUMENT v3.10.0.1
MORTGAGE NOTES PAYABLE
9 Months Ended
Sep. 30, 2018
MORTGAGE NOTES PAYABLE  
MORTGAGE NOTES PAYABLE

NOTE 7 - MORTGAGE NOTES PAYABLE

 

The following table summarizes the Company’s mortgage notes payable. 

 

 

 

 

 

 

 

 

 

Principal Balance At

 

 

September 30,

 

December 31,

 

 

2018

 

2017

 

 

(in thousands)

Fixed rate mortgage notes payable (a)

 

$

395,820

 

$

397,567

Less unamortized debt issuance costs

 

 

2,343

 

 

2,724

 

 

$

393,477

 

$

394,843


(a)

Includes $877 and $913 of variable rate mortgage debt that was swapped to a fixed rate at September 30, 2018 and December 31, 2017, respectively.

 

As of September 30, 2018, we had 121 mortgage loans with effective interest rates ranging from 3.44% to 7.25% per annum and a weighted average effective interest rate of 4.41% per annum.

 

As of December 31, 2017, we had 122 mortgage loans with effective interest rates ranging from 3.44% to 7.25% per annum, and a weighted average effective interest rate of 4.39% per annum.

 

The majority of the Company’s mortgages payable require monthly payments of principal and interest. Certain mortgages require reserves for real estate taxes and certain other costs.  Mortgages are secured by the respective properties, assignment of rents, business assets, deeds to secure debt, deeds of trust and/or cash deposits.

 

 

Certain mortgage note agreements include covenants that, in part, impose maintenance of certain debt service coverage and debt to net worth ratios. As of September 30, 2018, we were in compliance with all covenants. 

 

We are required to make the following principal payments on our outstanding mortgage notes payable for each of the five succeeding fiscal years and thereafter as follows:

 

 

 

 

 

Years ending December 31,

    

Amount

 

 

(in thousands)

2018 (October 1, 2018 to December 31, 2018)

 

$

5,079

2019

 

 

25,513

2020

 

 

28,201

2021

 

 

46,148

2022

 

 

31,399

Thereafter

 

 

259,480

Total payments

 

$

395,820

 

XML 25 R15.htm IDEA: XBRL DOCUMENT v3.10.0.1
HEDGING ACTIVITIES
9 Months Ended
Sep. 30, 2018
HEDGING ACTIVITIES  
HEDGING ACTIVITIES

NOTE 8 – HEDGING ACTIVITIES

 

As part of our interest rate risk management strategy, we have used derivative instruments to minimize significant unanticipated earnings fluctuations that may arise from rising variable interest rate costs associated with existing borrowings. To meet these objectives, we entered into an interest rate swap in the notional amount of $1,294 to provide a fixed rate of 7.25% that matures in April 2020.  The swap was issued at approximate market terms and thus no fair value adjustment was recorded at inception.

 

The carrying amount of the swap has been adjusted to its fair value at the end of the quarter, which because of changes in forecasted levels of LIBOR, resulted in reporting a liability for the fair value of the future net payments forecasted under the swaps.  The interest rate swap is accounted for as an effective hedge in accordance with ASC 815-20 whereby it is recorded at fair value and changes in fair value are recorded to accumulated comprehensive income. As of September 30, 2018 and December 31, 2017, we recorded a liability and other accumulated comprehensive loss of $33 and $65, respectively.

 

 

XML 26 R16.htm IDEA: XBRL DOCUMENT v3.10.0.1
FAIR VALUE MEASUREMENT
9 Months Ended
Sep. 30, 2018
FAIR VALUE MEASUREMENT  
FAIR VALUE MEASUREMENT

NOTE 9 - FAIR VALUE MEASUREMENT 

 

The following table presents the carrying value and estimated fair value of the Company’s financial instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2018

 

December 31, 2017

 

 

Carrying

 

 

 

 

Carrying

 

 

 

 

    

Value

    

Fair Value

    

Value

    

Fair Value

 

 

(in thousands)

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage notes payable, net

 

$

393,477

 

$

385,109

 

$

394,843

 

$

396,261

Fair value of interest rate swaps

 

$

33

 

$

33

 

$

65

 

$

65

 

The carrying values shown in the table are included in the consolidated balance sheets under the indicated captions.

ASC 820-10 established a three-level valuation hierarchy for fair value measurement.  Management uses these valuation techniques to establish the fair value of the assets at the measurement date.  These valuation techniques are based upon observable and unobservable inputs.  Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect management’s assumptions. 

 

These two types of inputs create the following fair value hierarchy:

 

·

Level 1 – Quoted prices for identical instruments in active markets;

·

Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose significant inputs are observable;

·

Level 3 – Instruments whose significant inputs are unobservable.

 

The guidance requires the use of observable market data, when available, in making fair value measurements. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement.

 

Recurring Fair Value Measurements

 

The following table presents the Company’s financial instruments, which are measured at fair value on a recurring basis, by the level in the fair value hierarchy within which those measurements fall. Methods and assumptions used to estimate the fair value of these instruments are described after the table.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Level 1

    

Level 2

    

Level 3

    

Total

 

 

(in thousands)

September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Fair value of interest rate swaps

 

$

 —

 

$

33

 

$

 —

 

$

33

December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Fair value of interest rate swaps

 

$

 —

 

$

65

 

$

 —

 

$

65

 

Fair value of interest rate swaps:  The fair value of interest rate swaps is determined using a discounted cash flow analysis on the expected future cash flows of the derivative. This analysis utilizes observable market data including forward yield curves and implied volatilities to determine the market’s expectation of the future cash flows of the variable component. The fixed and variable components of the derivative are then discounted using calculated discount factors developed based on the LIBOR swap rate and are aggregated to arrive at a single valuation for the period. The Company also incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements.

 

Although the Company has determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and its counterparties. However, as of September 30, 2018 and December 31, 2017, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation. As a result, the Company has determined that its derivative valuations in their entirety are classified within Level 2 of the fair value hierarchy. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered any applicable credit enhancements. The Company’s derivative instruments are further described in Note 8.

 

Fair Value Disclosures

 

The following table presents the Company’s financial assets and liabilities, which are measured at fair value for disclosure purposes, by the level in the fair value hierarchy within which they fall. Methods and assumptions used to estimate the fair value of these instruments are described after the table.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Level 1

    

Level 2

    

Level 3

    

Total

 

 

(in thousands)

September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage notes payable, net

 

$

 —

 

$

 —

 

$

385,109

 

$

385,109

December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage notes payable, net

 

$

 —

 

$

 —

 

$

396,261

 

$

396,261

 

Mortgage notes payable:  The Company estimates the fair value of its mortgage notes payable by discounting the future cash flows of each instrument at rates currently offered to the Company for similar debt instruments of comparable maturities by the Company’s lenders. Judgment is used in determining the appropriate rate for each of the Company’s individual mortgages and notes payable based upon the specific terms of the agreement, including the term to maturity, the quality and nature of the underlying property and its leverage ratio. The rates used range from 4.92% to 4.97% and from 4.20% to 4.52% at September 30, 2018 and December 31, 2017, respectively. The fair value of the Company’s matured mortgage notes payable were determined to be equal to the carrying value of the properties because there is no market for similar debt instruments and the properties’ carrying value was determined to be the best estimate of fair value as of September 30, 2018 and December 31, 2017. The Company’s mortgage notes payable are further described in Note 7.

XML 27 R17.htm IDEA: XBRL DOCUMENT v3.10.0.1
NONCONTROLLING INTEREST OF UNITHOLDERS IN OPERATING PARTNERSHIP
9 Months Ended
Sep. 30, 2018
NONCONTROLLING INTEREST OF UNITHOLDERS IN OPERATING PARTNERSHIP  
NONCONTROLLING INTEREST OF UNITHOLDERS IN OPERATING PARTNERSHIP

NOTE 10 – NONCONTROLLING INTEREST OF UNITHOLDERS IN OPERATING PARTNERSHIP

 

As of September 30, 2018 and December 31, 2017, outstanding limited partnership units totaled 17,574,000 and 17,517,000 respectively. For the three months ended September 30, 2018 and 2017, the operating partnership declared distributions of $4,470 and $4,336 respectively, to limited partners which were paid on October  15, 2018 and October 16, 2017, respectively.  Distributions per unit were $0.763125 and $0.7425 during the nine months ended September 30, 2018 and 2017, respectively.

 

During the nine months ended September 30, 2018, there were no limited partnership units exchanged for common shares pursuant to redemption requests.  During the nine months ended September 30, 2017, Sterling exchanged 8,000 common shares for 8,000 limited partnership units held by limited partners, pursuant to redemption requests. The aggregate value of these transactions was $133.

 

At the sole and absolute discretion of the limited partnership, and so long our redemption plans exist, and applicable holding periods are met, Limited Partners may request the operating partnership redeem their limited partnership units.  The operating partnership may choose to offer the Limited Partner: (i) cash for the redemption or, at the request of the Limited Partner, (2) offer shares in lieu of cash for the redemption on a basis of one limited partnership unit for one Sterling common share (the “Exchange Request”).  The Exchange Request shall be exercised pursuant to a Notice of Exchange.  If the issuance of Sterling common shares pursuant to an Exchange Request will cause the shareholder to exceed the ownership limitations, among other reasons, payment will be made to the Limited Partner in cash.  No Limited Partner may exercise an Exchange Request more than twice during any calendar year, and Exchange Requests may not be made for less than 1,000 limited partnership units.  If a Limited Partner owns fewer than 1,000 limited partnership units, all of the limited partnership units held by the Limited Partner must be exchanged pursuant to the Exchange Request.

 

XML 28 R18.htm IDEA: XBRL DOCUMENT v3.10.0.1
REDEMPTION PLANS
9 Months Ended
Sep. 30, 2018
REDEMPTION PLANS  
REDEMPTION PLANS

NOTE 11 – REDEMPTION PLANS

 

Our Board of Trustees has approved redemption plans that enable our shareholders to sell their common shares and the partners of our operating partnership to sell their limited partnership units to us, after they have held the securities for at least one year and subject to other conditions and limitations described in the plans.

 

Our redemption plans currently provide that the maximum amount that can be redeemed under the plan is $35,000 worth of securities. Currently, the fixed redemption price is $17.50 per share or unit under the plans, which price became effective January 1, 2018.

 

We may redeem securities under the plans provided that the aggregate total has not been exceeded and we have sufficient funds to do so. The plans will terminate in the event the shares become listed on any national securities exchange, the subject of bona fide quotes on any inter-dealer quotation system or electronic communications network or are the subject of bona fide quotes in the pink sheets. Additionally, the Board, in its sole discretion, may terminate, amend or suspend the redemption plans, either or both of them, if it determines to do so in its sole discretion.

 

During the nine months ended September 30, 2018 and 2017, the Company redeemed 63,000 and 41,000 common shares valued at $1,099 and $634.  In addition, during the nine months ended September 30, 2018 and 2017, the Company redeemed 61,000 and 58,000 units valued at $1,068 and $896.

 

XML 29 R19.htm IDEA: XBRL DOCUMENT v3.10.0.1
BENEFICIAL INTEREST
9 Months Ended
Sep. 30, 2018
BENEFICIAL INTEREST  
BENEFICIAL INTEREST

NOTE 12 – BENEFICIAL INTEREST

 

We are authorized to issue 100,000,000 common shares of beneficial interest with $0.01 par value and 50,000,000 preferred shares with $0.01 par value, which collectively represent the entire beneficial interest of Sterling. As of September 30, 2018 and December 31, 2017, there were 8,837,000 and 8,488,000 common shares outstanding, respectively. We had no preferred shares outstanding as of either date.

 

Dividends paid to holders of common shares were $0.763125 per share and $0.7425 per share for the nine months ended September 30, 2018 and 2017, respectively.

 

 

XML 30 R20.htm IDEA: XBRL DOCUMENT v3.10.0.1
DIVIDEND REINVESTMENT PLAN
9 Months Ended
Sep. 30, 2018
DIVIDEND REINVESTMENT PLAN  
DIVIDEND REINVESTMENT PLAN

NOTE 13 – DIVIDEND REINVESTMENT PLAN

 

Our Board of Trustees approved a dividend reinvestment plan to provide existing holders of our common shares with a method to purchase additional common shares without payment of brokerage commissions, fees or service charges. On July 20, 2012, we registered with the Securities Exchange Commission 2,000,000 common shares to be issued under the plan on Form S-3D, which automatically became effective on July 20, 2012.  On July 11, 2017, we registered with the Securities Exchange Commission an additional 2,000,000 common shares to be issued under the plan on Form S-3D, which automatically became effective on July 11, 2017. 

 

Under this plan, eligible shareholders may elect to have all or a portion (but not less than 25%) of the cash dividends they receive automatically reinvested in our common shares. If an eligible shareholder elects to reinvest cash dividends under the plan, the shareholder may also make additional optional cash purchases of our common shares, not to exceed $10 per fiscal quarter without our prior approval. The purchase price per common share under the plan equals 95% of the estimated value per common share for dividend reinvestments and equals 100% of the estimated value per common share for additional optional cash purchases, as determined by our Board of Trustees. In addition, eligible shareholders may not in any calendar year purchase or receive via transfer more than $40 additional optional cash purchases of Common Shares.  The estimated value per common share was $18.50 and $16.50 at September 30, 2018 and December 31, 2017, respectively. See discussion of determination of estimated value in Note 17. Therefore, the purchase price per common share for dividend reinvestments was $17.58 and $15.68 and for additional optional cash purchases was $18.50 and $16.50 at September 30, 2018 and December 31, 2017, respectively.

 

The Board, in its sole discretion, may amend, suspend or terminate the plan at any time, without the consent of shareholders, upon a ten-day notice to participants.

 

In the nine months ended September 30, 2018,  243,000 shares were issued pursuant to dividend reinvestments and 166,000 shares were issued pursuant to additional optional cash purchases under the plan.  In the nine months ended September 30, 2017,  247,000 shares were issued pursuant to dividend reinvestments and 134,000 shares were issued pursuant to additional optional cash purchases under the plan. 

 

XML 31 R21.htm IDEA: XBRL DOCUMENT v3.10.0.1
RELATED PARTY TRANSACTIONS
9 Months Ended
Sep. 30, 2018
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

NOTE 14 – RELATED PARTY TRANSACTIONS

 

Property Management Fees

 

During the nine months ended September 30, 2018 and 2017, we paid property management fees to GOLDMARK Property Management in an amount equal to 5% of rents of the properties managed by GOLDMARK. GOLDMARK Property Management is owned in part by Kenneth Regan and James Wieland. For the nine months ended September 30, 2018 and 2017, we paid management fees of $8,934 and $8,510, respectively, to GOLDMARK Property Management.  In addition, during the nine months ended September 30, 2018 and 2017, we paid repair and maintenance related payroll and payroll related expenses to GOLDMARK Property Management totaling $3,921 and $3,808, respectively.

 

Board of Trustee Fees

 

We incurred Trustee fees of $53 and $44 during the nine months ended September 30, 2018 and 2017, respectively.  As of September 30, 2018, and December 31, 2017 we owed our Trustees $19 and $23 for unpaid board of trustee fees, respectively.  There is no cash retainer paid to Trustees.  Instead, we pay Trustees specific amounts for meetings attended. 

 

The plan provides:

 

 

 

 

 

   

 

Board Chairman – Board Meeting

    

 

105 shares/meeting

Trustee – Board Meeting

 

 

75 shares/meeting

Committee Chair – Committee Meeting

 

 

30 shares/meeting

Trustee – Committee Meeting

 

 

30 shares/meeting

 

Common shares earned in accordance with the plan are calculated on an annual basis.  Shares earned pursuant to the Trustee Compensation Plan are issued on or about July 15 for Trustees’ prior year of service.  Non-independent Trustees are not compensated for their service on the Board or Committees. 

 

Advisory Agreement

 

We are an externally managed trust and as such, although we have a Board of Trustees and executive officers responsible for our management, we have no paid employees. The following is a brief description of the current fees and compensation that may be received by the Advisor under the Advisory Agreement, which must be renewed on an annual basis and approved by a majority of the independent trustees. The Advisory Agreement was approved by the Board of Trustees (including all the independent Trustees) on March 29, 2018, effective January 1, 2018, and amended on June 21, 2018. 

 

Management Fee:  0.35% of our total assets (before depreciation and amortization), annually. Total assets are our gross assets (before depreciation and amortization) as reflected on our consolidated financial statements, taken as of the end of the fiscal quarter last preceding the date of computation. The management fee will be payable monthly in cash or our common shares, at the option of the Advisor, not to exceed one-twelfth of 0.35% of the total assets as of the last day of the immediately preceding month. The management fee calculation is subject to quarterly and annual reconciliations. The management fee may be deferred at the option of the Advisor, without interest.

 

Acquisition Fee: For its services in investigating and negotiating acquisitions of investments for us, the Advisor receives an acquisition fee of 2.5% of the purchase price of each property acquired, capped at $375 per acquisition. The total of all acquisition fees and acquisition expenses cannot exceed 6% of the purchase price of the investment, unless approved by a majority of the trustees, including a majority of the independent trustees, if they determine the transaction to be commercially competitive, fair and reasonable to us.

 

Disposition Fee: For its services in the effort to sell any investment for us, the Advisor receives a disposition fee of 2.5% of the sales price of each property disposition, capped at $375 per disposition.

 

Financing Fee:  0.25% of all amounts made available to us pursuant to any loan, refinance (excluding rate and/or term modifications of an existing loan with the same lender), line of credit or other credit facility. The finance fee shall be capped at $38 per loan, refinance, line of credit or other credit facility.

 

Development Fee: Based on regressive sliding scale (starting at 5% and declining to 3%) of total project costs, excluding cost of land, for development services requested by us.

 

 

 

 

 

 

 

 

 

Total Cost

 

Fee

 

Range of Fee

 

Formula

0 – 10M

 

5.0

%

 

0  –.5M

 

0M – 5.0% x (TC – 0M)

10M - 20M

 

4.5

%

 

.5 M – .95M

 

.50M – 4.5% x (TC – 10M)

20M – 30M

 

4.0

%

 

.95 M – 1.35M

 

.95M – 4.0% x (TC – 20M)

30M – 40M

 

3.5

%

 

1.35 M – 1.70M

 

1.35M – 3.5% x (TC – 30M)

40M – 50M

 

3.0

%

 

1.70 M – 2.00M

 

1.70M – 3.0% x (TC – 40M)

 

TC = Total Project Cost

 

Management Fees

 

During the nine months ended September 30, 2018 and 2017, we incurred advisory management fees of $2,167 and $2,114 with Sterling Management, LLC, our Advisor. As of September 30, 2018 and December 31, 2017, we owed our Advisor $244 and $238, respectively, for unpaid advisory management fees. These fees cover the office facilities, equipment, supplies, and staff required to manage our day-to-day operations.  During the nine months ended September 30, 2018 and 2017, we reimbursed the Advisor for operating costs totaling $23 and $11, respectively.  As of September 30, 2018, we owed our Advisor $6 for unpaid reimbursable operating costs.  There were no unpaid reimbursable operating costs owed to our Advisor as of December 31, 2017.

 

Acquisition Fees

 

During the nine months ended September 30, 2018 and 2017, we incurred acquisition fees of $205 and $655, respectively, with our Advisor. As of September 30, 2018, we owed our Advisor $91 for unpaid acquisition fees. There were no acquisition fees owed to our Advisor as of December 31, 2017.   

 

Financing Fees

 

During the nine months ended September 30, 2018 and 2017, we incurred financing fees of $61 and $97 with our Advisor for loan financing and refinancing activities. As of September 30, 2018, we owed our Advisor $8 for unpaid financing fees. There were no financing fees owed to our Advisor as of December 31, 2017. 

 

Disposition Fees

 

During the nine months ended September 30, 2018 and 2017, we incurred $130 and $110 in disposition fees with our Advisor, respectively. See Note 16. There were no disposition fees owed to our Advisor as of September 30, 2018 or December 31, 2017.

 

Development Fees

 

During the nine months ended September 30, 2018, there were no development fees incurred with our Advisor. During the nine months ended September 30, 2017, we incurred $235 in development fees incurred with our Advisor. As of both September 30, 2018, and December 31, 2017, we owed our Advisor a total of $104 for unpaid development fees, of which the entire amount was for unpaid development fees as part of a 10% hold back.

 

Operating Partnership Units Issued in Connection with Acquisitions

 

During the nine months ended September 30, 2018, we issued directly or indirectly 42,000 operating partnership units to an entity affiliated with Messr. Regan, one of our trustees, in connection with the acquisition of a property. The aggregate value of these units was $773.  

 

During the nine months ended September 30, 2017, we issued directly or indirectly 402,000 operating partnership units to entities affiliated with Messrs. Regan and Wieland, two of our trustees, and Messr. Swenson, one of our former officers, in connection with the acquisition of various properties. The aggregate value of these units was $6,425.  

 

Commissions

 

During the nine months ended September 30, 2018, we incurred real estate commissions of $21 owed to GOLDMARK Commercial Real Estate Services, Inc. (f/k/a GOLDMARK SCHLOSSMAN Commercial Real Estate Services, Inc.) which is controlled by Messrs. Regan and Wieland.  During the nine months ended September 30, 2017, we incurred real estate commissions of $549 owed to GOLDMARK Commercial Real Estate Services, Inc. There were no outstanding commissions owed as of September 30, 2018 and December 31, 2017.

 

Rental Income

 

During the nine months ended September 30, 2018 and 2017, we received rental income of $37 and $34, respectively, under an operating lease agreement with our Advisor.

 

During the nine months ended September 30, 2018 and 2017, we received rental income of $41 and $41, respectively, under an operating lease agreement with GOLDMARK Commercial Real Estate Services, Inc.

 

During the nine months ended September 30, 2018 and 2017, we received rental income of $172 and $166, respectively, under operating lease agreements with GOLDMARK Property Management.

 

Construction Costs

 

There were no constructions costs incurred during the nine months ended September 30, 2018 to GOLDMARK Development, which is controlled by Messrs. Regan and Wieland.  As of December 31, 2017, we incurred total costs of  $8,997 related to the construction of a clubhouse and six 6-plex two-story townhomes to GOLDMARK Development.    There was no retainage or unpaid construction fees owed to GOLDMARK Development as of  September 30, 2018 and December 31, 2017 and Phase II of the Bismarck, North Dakota development project was completed in August 2017.

 

XML 32 R22.htm IDEA: XBRL DOCUMENT v3.10.0.1
COMMITMENTS AND CONTINGENCIES
9 Months Ended
Sep. 30, 2018
COMMITMENTS AND CONTINGENCIES  
COMMITMENTS AND CONTINGENCIES

NOTE 15 - COMMITMENTS AND CONTINGENCIES

 

Environmental Matters

 

Federal law (and the laws of some states in which we own or may acquire properties) imposes liability on a landowner for the presence on the premises of hazardous substances or wastes (as defined by present and future federal and state laws and regulations). This liability is without regard to fault or knowledge of the presence of such substances and may be imposed jointly and severally upon all succeeding landowners. If such hazardous substance is discovered on a property acquired by us, we could incur liability for the removal of the substances and the cleanup of the property.

 

There can be no assurance that we would have effective remedies against prior owners of the property. In addition, we may be liable to tenants and may find it difficult or impossible to sell the property either prior to or following such a cleanup.

 

Risk of Uninsured Property Losses

 

We maintain property damage, fire loss, and liability insurance.  However, there are certain types of losses (generally of a catastrophic nature) which may be either uninsurable or not economically insurable. Such excluded risks may include war, earthquakes, tornados, certain environmental hazards, and floods. Should such events occur, (i) we might suffer a loss of capital invested, (ii) tenants may suffer losses and may be unable to pay rent for the spaces, and (iii) we may suffer a loss of profits which might be anticipated from one or more properties.

 

Litigation

 

The Company is subject, from time to time, to various legal proceedings and claims that arise in the ordinary course of business.  While the resolution of such matters cannot be predicted with certainty, management believes, based on currently available information, that the final outcome of such matters will not have a material effect on the financial statements of the Company.

 

XML 33 R23.htm IDEA: XBRL DOCUMENT v3.10.0.1
DISPOSITIONS
9 Months Ended
Sep. 30, 2018
DISPOSITIONS  
DISPOSITIONS

NOTE 16 – DISPOSITIONS

 

During the nine months ended September 30, 2018, the operating partnership sold three properties.  We sold an industrial property located in Redwood Falls, Minnesota for $5,200 and recognized a gain of $1,084 in April 2018.  We sold a retail property located in Austin, Texas for $3,615 and recognized a gain of $1,452 in July 2018.   We sold one of two buildings included in an office property located in Bismarck, North Dakota for $4,250 and recognized a gain of $1,762 in July 2018.

 

 

XML 34 R24.htm IDEA: XBRL DOCUMENT v3.10.0.1
ACQUISITIONS
9 Months Ended
Sep. 30, 2018
ACQUISITIONS  
BUSINESS ACQUISITIONS

NOTE 17 – ACQUISITIONS

 

The Company closed on the following acquisitions during the nine months ended September 30, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date

 

Property Name

 

Location

 

Property Type

 

 

Units/ Square Footage/ Acres

 

 

Acquisition Price

 

 

Prorata Acquisition Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3/1/18

 

Thunder Creek Apartments

 

Fargo, ND

 

Apartment complex

 

 

57 units

 

$

4,460

 

$

4,460

 

9/1/18

 

Chandler 1834

 

Grand Forks, ND

 

Apartment complex

 

 

12 units

 

 

630

 

 

630

 

9/17/18

 

Dairy Queen (a)

 

Apple Valley, MN

 

Retail building

 

 

5,348 sq. ft.

 

 

3,000

 

 

3,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

8,090

 

$

8,090

(b)

 

(a)

This property was acquired utilizing Internal Revenue Code 1031 tax-deferred exchange funds.

(b)

Acquisition price does not include capitalized costs and adjustments of $236.

 

Total consideration given for acquisitions through September 30, 2018 was completed through issuing approximately 118,000 limited partnership units of the operating partnership valued at $18.50 per unit for an aggregate consideration of approximately $2,176, 1031 tax-deferred exchange funds of $3,004, assumed liabilities of $71 and cash of $3,075. The value of units issued in exchange for property is determined through a value established annually by our Board of Trustees and reflects the fair value at the time of issuance.

The Company closed on the following acquisitions during the nine months ended September 30, 2017:  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date

 

Property Name

 

Location

 

Property Type

 

 

Units/ Square Footage/ Acres

 

 

Acquisition Price

 

 

Prorata Acquisition Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1/10/17

 

Sargent Apartments

 

Fargo, ND

 

Apartment complex

 

 

36 units

 

$

1,710

 

$

1,710

 

1/11/17

 

Arrowhead Apartments

 

Grand Forks, ND

 

Apartment complex

 

 

82 units

 

 

5,494

 

 

5,494

 

1/17/17

 

West Oak Apartments

 

Fargo, ND

 

Apartment complex

 

 

18 units

 

 

777

 

 

777

 

1/17/17

 

Carr Apartments

 

Fargo, ND

 

Apartment complex

 

 

18 units

 

 

828

 

 

828

 

5/1/17

 

Plumtree Apartments

 

Fargo, ND

 

Apartment complex

 

 

18 units

 

 

907

 

 

907

 

5/1/17

 

Sunchase Apartments

 

Fargo, ND

 

Apartment complex

 

 

36 units

 

 

1,765

 

 

1,765

 

6/1/17

 

Essex Apartments

 

Fargo, ND

 

Apartment complex

 

 

18 units

 

 

858

 

 

858

 

6/1/17

 

Jadestone Apartments

 

Fargo, ND

 

Apartment complex

 

 

18 units

 

 

809

 

 

809

 

6/1/17

 

Park Circle Apartments

 

Fargo, ND

 

Apartment complex

 

 

18 units

 

 

903

 

 

903

 

7/3/17

 

East Bridge Apartments (a)

 

Fargo, ND

 

Apartment complex

 

 

58 units

 

 

6,060

 

 

6,060

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

20,111

 

$

20,111

(b)

 

(a)

This property was acquired utilizing Internal Revenue Code 1031 tax-deferred exchange funds.

(b)

Acquisition price does not include capitalized costs and adjustments of $158.

 

 

   Total consideration given for acquisitions through September 30, 2017 was completed through issuing approximately 603,000 limited partnership units of the operating partnership valued at $16.00 per unit for an aggregate consideration of approximately $9,651, 1031 tax-deferred exchange funds of $4,278, new loans of $2,392, assumed liabilities of $72 and cash of $3,635. The value of units issued in exchange for property is determined through a value established annually by our Board of Trustees and reflects the fair value at the time of issuance.

 

In addition, as of May 1, 2017, the operating partnership acquired the remaining 59.74% ownership interest in a 144-unit property which was previously held as tenant in common. We estimated the property had a fair value of approximately $10,080.  The operating partnership assumed a loan of $1,295 and issued $4,727 of limited partnership units for a total purchase price of approximately $6,022.  The Company accounted for this as a business combination and recognized a gain on change in control of real estate investment of $2,186 in the second quarter of 2017 as a result of remeasuring the carrying value to fair value.  The total loan on this property was $2,167, thus in addition to the portion of the loan assumed from the other tenant in common, the Company also recorded an additional $872 in new financing related to this acquisition.

 

The following table summarizes the acquisition date fair values, before prorations, the Company recorded in conjunction with the acquisitions discussed above:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

 

 

 

 

 

 

September 30,

 

 

 

 

 

 

 

 

 

2018

 

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Land, building, tenant improvements and FF&E

 

 

 

 

 

$

8,326

 

$

20,111

 

 

Other liabilities

 

 

 

 

 

 

(71)

 

 

(72)

 

 

Net assets acquired

 

 

 

 

 

 

8,255

 

 

20,039

 

 

Equity/limited partnership unit consideration

 

 

 

 

 

 

(2,176)

 

 

(9,651)

 

 

Restricted cash proceeds related to IRC Section 1031 tax-deferred exchange

 

 

 

 

 

 

(3,004)

 

 

(4,278)

 

 

New loans

 

 

 

 

 

 

 -

 

 

(2,392)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash consideration

 

 

 

 

 

$

3,075

 

$

3,718

 

Estimated Value of Units/Shares

 

The Board of Trustees determined an estimate of fair value for the trust shares in the first nine months of 2018 and 2017.  In addition, the Board of Trustees, acting as general partner for the operating partnership, determined an estimate of fair value for the limited partnership units in the first nine months of 2018 and 2017.  In determining this value, the Board relied upon their experience with, and knowledge about, the Trust’s real estate portfolio and debt obligations.  The Board typically determines the share price on an annual basis. The trustees determine the price in their discretion and use data points to guide their determination which is typically based on a consensus of opinion. In addition, the Board considers how the price chosen will affect existing share and unit values, redemption prices, dividend coverage ratios, yield percentages, dividend reinvestment factors, and future UPREIT transactions, among other considerations and information.

 

The Board determined the fair value of the shares and limited partnership units to be $16.50 per share/unit effective March 29, 2017. The Board determined the fair value of the shares and limited partnership units to be $18.50 per share/unit effective January 1, 2018.

 

Determination of price is a matter within the Board’s sole discretion. The Trust does not determine price based on any rote formula or specific factors. At this time, no shares are held in street name accounts and the Trust is not subject to FINRA’s specific pricing requirements set out in Rule 2340 or otherwise. Thus, the Trust does not employ any specific valuation methodology or formula. Rather, the Board looks to available data and information, which is often adjusted and weighted to comport more closely with the assets held by the Trust at the time of valuation. The principal valuation methodology utilized is the NAV calculation/direct capitalization method. The information made available to the Board is assembled by the Trust’s Advisor.

 

As with any valuation methodology, the methodologies utilized by the Board in reaching an estimate of the value of the shares and limited partnership units are based upon a number of estimates, assumptions, judgments or opinions that may, or may not, prove to be correct.  The use of different estimates, assumptions, judgments, or opinions would likely have resulted in significantly different estimates of the value of the shares and limited partnership units.  In addition, the Board’s estimate of share and limited partnership unit value is not based on the book values of our real estate, as determined by GAAP, as our book value for most real estate is based on the amortized cost of the property, subject to certain adjustments.

 

Furthermore, in reaching an estimate of the value of the shares and limited partnership units, the Board applied a liquidity discount to one valuation scenario in order to reflect the fact that the shares and limited partnership units are not currently traded on a national securities exchange and did not consider: a discount for debt that may include a prepayment obligation or a provision precluding assumption of the debt by a third party or the costs that are likely to be incurred in connection with an appropriate exit strategy, whether that strategy might be a listing of the limited partnership units or common shares on a national securities exchange or a merger or sale of our portfolio.

XML 35 R25.htm IDEA: XBRL DOCUMENT v3.10.0.1
SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2018
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

NOTE 18 - SUBSEQUENT EVENTS

 

On October 15, 2018, we paid a dividend or distribution of $0.254375 per share on our common shares of beneficial interest or limited partnership units, respectively, to common shareholders and limited partnership unit holders of record on September 30, 2018.  

 

On October 1, 2018, the operating partnership purchased a 30 unit apartment complex in Fargo, North Dakota for approximately $1,350.

 

On October 24, 2018, the operating partnership purchased a 96 unit apartment complex in Bismarck, North Dakota for approximately $5,826.

 

On November 1, 2018, the operating partnership purchased a 173 unit apartment complex in Omaha, Nebraska for approximately $11,170.

 

On November 1, 2018, the operating partnership purchased a 31 unit apartment complex in Fargo, North Dakota for approximately $1,054.

 

On November 1, 2018, the operating partnership purchased a 17 unit apartment complex in Fargo, North Dakota for approximately $714.

 

Pending acquisitions and dispositions are subject to numerous conditions and contingencies and there are no assurances that the transactions will be completed.

 

We have evaluated subsequent events through the date of this filing. We are not aware of any other subsequent events which would require recognition or disclosure in the consolidated financial statements.

XML 36 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
PRINCIPAL ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Policies)
9 Months Ended
Sep. 30, 2018
PRINCIPAL ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES  
Basis of Presentation

Basis of Presentation

 

The accompanying consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the year ended December 31, 2017, which have previously been filed with the Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been omitted from this report on Form 10-Q pursuant to the rules and regulations of the SEC.

 

The results for the interim periods shown in this report are not necessarily indicative of future financial results. The accompanying consolidated balance sheet as of September 30, 2018 and consolidated statements of operations and other comprehensive income, consolidated statement of shareholders’ equity, and consolidated statements of cash flows for the three and nine months ended September 30, 2018 and 2017, as applicable, have not been audited by our independent registered public accounting firm. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments necessary to present fairly our consolidated financial statements as of and for the three and nine months ended September 30, 2018. These adjustments are of a normal recurring nature.

 

Principles of Consolidation

Principles of Consolidation

 

The consolidated financial statements include the accounts of Sterling,  Sterling Properties, LLLP, and wholly-owned limited liability companies. All significant intercompany transactions and balances have been eliminated in consolidation.

 

Additionally, we evaluate the need to consolidate affiliates based on standards set forth in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 810, Consolidation (“ASC 810”).  In determining whether we have a requirement to consolidate the accounts of an entity, management considers factors such as our ownership interest, our authority to make decisions and contractual and substantive participating rights of the limited partners and shareholders, as well as whether the entity is a variable interest entity (“VIE”) for which we have both: a) the power to direct the activities of the VIE that most significantly impact the entity’s economic performance, and b) the obligation to absorb losses or the right to receive benefits from the VIE that could be potentially significant to the VIE.

 

Principal Business Activity

Principal Business Activity

 

Sterling currently owns directly and indirectly 167 properties.  The Trust’s 119 residential properties are located in North Dakota, Minnesota, Missouri and Nebraska and are principally multifamily apartment buildings.  The Trust owns 48 commercial properties primarily located in North Dakota with others located in Arkansas, Colorado, Iowa, Louisiana, Michigan, Minnesota, Mississippi, Nebraska and Wisconsin. The commercial properties include retail, office, industrial, restaurant and medical properties.  Presently, the Trust’s mix of properties is 72.2% residential and 27.8% commercial (based on cost) and total $643,540 in real estate investments at September 30, 2018. Sterling’s current acquisition strategy and focus is on multifamily apartment properties.  We currently have no plans to actively market our existing commercial properties for sale.  We will consider unsolicited offers for purchase of non-multifamily properties on a case by case basis.

 

 

 

 

 

 

 

 

Residential Property

    

Location

    

No. of Properties

    

Units

 

 

North Dakota

 

100

 

5,963

 

 

Minnesota

 

16

 

3,033

 

 

Missouri

 

1

 

164

 

 

Nebraska

 

2

 

322

 

 

 

 

119

 

9,482

 

 

 

 

 

 

 

Commercial Property

    

Location

    

No. of Properties

    

Sq. Ft

 

 

North Dakota

 

20

 

780,000

 

 

Arkansas

 

2

 

29,000

 

 

Colorado

 

1

 

13,000

 

 

Iowa

 

1

 

33,000

 

 

Louisiana

 

1

 

15,000

 

 

Michigan

 

1

 

12,000

 

 

Minnesota

 

15

 

650,000

 

 

Mississippi

 

1

 

15,000

 

 

Nebraska

 

1

 

16,000

 

 

Wisconsin

 

5

 

63,000

 

 

 

 

48

 

1,626,000

 

Concentration of Credit Risk

Concentration of Credit Risk

 

Our cash balances are maintained in various bank deposit accounts. The bank deposit amounts in these accounts may exceed federally insured limits at various times throughout the year.

 

Use of Estimates

Use of Estimates

 

The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 

Real Estate Investments

Real Estate Investments

 

Real estate investments are recorded at cost less accumulated depreciation.  Ordinary repairs and maintenance are expensed as incurred. 

The Company elected to early adopt ASU 2017-01, Business Combinations, on a prospective basis as of July 1, 2017. This guidance clarifies the definition of a business and provides a screen to determine when an integrated set of assets and activities is not  considered a business and, thus, accounted for as an asset acquisition as opposed to a business combination. Under this guidance, the Company expects most acquisitions of investment property will meet this screen and, thus, be accounted for as asset acquisitions. The Company allocates the purchase price of each acquired investment property that is accounted for as an asset acquisition based upon the relative fair value of the individual assets acquired and liabilities assumed, which generally include (i) land, (ii) building and other improvements, (iii) in-place lease value intangibles, (iv) acquired above and below market lease intangibles, (v) any assumed financing that is determined to be above or below market and (vi) the value of customer relationships. Asset acquisitions do not give rise to goodwill and the related transaction costs are capitalized and included with the allocated purchase price.  Acquisitions executed prior to our adoption of ASU 2017-01 as of July 1, 2017 were accounted for as business combinations. Transaction costs related to acquisitions accounted for as business combinations were expensed as incurred and included within “Administration of REIT expenses” in the accompanying consolidated statements of operations and other comprehensive income.

 

For tangible assets acquired, including land, building and other improvements, the Company considers available comparable market and industry information in estimating acquisition date fair value. Key factors considered in the calculation of fair value of both real property and intangible assets include the current market rent values, “dark” periods (building in vacant status), direct costs estimated with obtaining a new tenant, discount rates, escalation factors, standard lease terms, and tenant improvement costs. The Company allocates a portion of the purchase price to the estimated acquired in-place lease value intangibles based on factors available in third party appraisals or cash flow estimates of the property prepared by our internal analysis.  These estimates are based upon cash flow projections for the property, existing leases, lease origination costs for similar leases as well as lost rental payments during an assumed lease-up period. The Company also evaluates each acquired lease as compared to current market rates. If an acquired lease is determined to be above or below market, the Company allocates a portion of the purchase price to such above or below market leases based upon the present value of the difference between the contractual lease payments and estimated market rent payments over the remaining lease term. Renewal periods are included within the lease term in the calculation of above and below market lease values if, based upon factors known at the acquisition date, market participants would consider it reasonably assured that the lessee would exercise such options. Fair value estimates used in acquisition accounting, including the discount rate used, require the Company to consider various factors, including, but not limited to, market knowledge, demographics, age and physical condition of the property, geographic location, and size and location of tenant spaces within the acquired investment property.

 

The portion of the purchase price allocated to acquired in-place lease value intangibles is amortized on a straight-line basis over the life of the related lease as amortization expense. The Company incurred amortization expense pertaining to acquired in-place lease value intangibles of $473 and $546 for the three months ended September 30, 2018 and 2017, respectively and $1,516 and $1,709 for the nine months ended September 30, 2018 and 2017, respectively.

 

The portion of the purchase price allocated to acquired above and below market lease intangibles is amortized on a straight-line basis over the life of the related lease as an adjustment to real estate rental income. Amortization pertaining to above market lease intangibles of $55 and $56 for the three months ended September 30, 2018 and 2017, respectively, was recorded as a reduction to real estate rental income. Amortization pertaining to below market lease intangibles of $68 and $70 for the three months ended September 30, 2018 and 2017, respectively, was recorded as an increase to real estate rental income.  Amortization pertaining to above market lease intangibles of $166 and $169 for the nine months ended September 30, 2018 and 2017, respectively, was recorded as a reduction to real estate rental income. Amortization pertaining to below market lease intangibles of $208 and $214 for the nine months ended September 30, 2018 and 2017, respectively, was recorded as an increase to real estate rental income.

 

Furniture and fixtures are stated at cost less accumulated depreciation. Expenditures for renewals and improvements that significantly add to the productive capacity or extend the useful life of an asset are capitalized. Expenditures for routine maintenance and repairs, which do not add to the value or extend useful lives, are charged to expense as incurred.

 

Depreciation is provided for over the estimated useful lives of the individual assets using the straight-line method over the following estimated useful lives:

 

 

 

 

 

Buildings and improvements

    

40 years

Furniture, fixtures and equipment

 

5-9 years

 

Depreciation expense for the three months ended September 30, 2018 and 2017 totaled $4,761 and $4,816, respectively. Depreciation expense for the nine months ended September 30, 2018 and 2017 totaled $14,267 and $14,270, respectively.

 

The Company’s investment properties are reviewed for potential impairment at the end of each reporting period whenever events or changes in circumstances indicate that the carrying value may not be recoverable. At the end of each reporting period, the Company separately determines whether impairment indicators exist for each property. 

 

Examples of situations considered to be impairment indicators include, but are not limited to:

 

·

a substantial decline or continued low occupancy rate;

·

continued difficulty in leasing space;

·

significant financially troubled tenants;

·

a change in plan to sell a property prior to the end of its useful life or holding period;

·

a significant decrease in market price not in line with general market trends; and

·

any other quantitative or qualitative events or factors deemed significant by the Company’s management or board of trustees.

 

If the presence of one or more impairment indicators as described above is identified at the end of the reporting period or throughout the year with respect to an investment property, the asset is tested for recoverability by comparing its carrying value to the estimated future undiscounted cash flows.  An investment property is considered to be impaired when the estimated future undiscounted cash flows are less than its current carrying value.  When performing a test for recoverability or estimating the fair value of an impaired investment property, the Company makes complex or subjective assumptions which include, but are not limited to:

 

·

projected operating cash flows considering factors such as vacancy rates, rental rates, lease terms, tenant financial strength, demographics, holding period and property location;

·

projected capital expenditures and lease origination costs;

·

projected cash flows from the eventual disposition of an operating property using a property specific capitalization rate;

·

comparable selling prices; and

·

property specific discount rates for fair value estimates as necessary.

 

To the extent impairment has occurred, the Company will record an impairment charge calculated as the excess of the carrying value of the asset over its fair value for impairment of investment properties.  Based on evaluation, there were no impairment losses during the nine months ended September 30, 2018 and 2017.    

 

 

Properties Held for Sale

 

Properties Held for Sale

 

We account for our properties held for sale in accordance with ASC 360, Property, Plant and Equipment (“ASC 360”), which addresses financial accounting and reporting in a period in which a component or group of components of an entity either has been disposed of or is classified as held for sale. 

 

In accordance with ASC 360, at such time as a property is held for sale, such property is carried at the lower of: (1) its carrying amount, or (2) fair value less costs to sell.  In addition, a property being held for sale ceases to be depreciated.  We classify operating properties as properties held for sale in the period in which all of the following criteria are met:

 

·

management, having the authority to approve the action, commits to a plan to sell the asset;

·

the asset is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets;

·

an active program to locate a buyer and other actions required to complete the plan to sell the asset has been initiated;

·

the sale of the asset is probable and the transfer of the asset is expected to qualify for recognition as a completed sale within one year;

·

the asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and

·

given the actions required to complete the plan to sell the asset, it is unlikely that significant changes to the plan would be made or that the plan would be withdrawn.

 

The results of operations of a component of an entity that either has been disposed of or is classified as held-for-sale under the requirements of ASC 360 shall be reported in discontinued operations in accordance with ASC 205, Presentation of Financial Statements (“ASC 205”) if such disposal or classification represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results.

 

There were no properties classified as held for sale at September 30, 2018 or at December 31, 2017.  See Note 16.

Construction in Progress

Construction in Progress

 

The Company capitalizes direct and certain indirect project costs incurred during the development period such as construction, insurance, architectural, legal, interest and other financing costs, and real estate taxes.  At such time as the development is considered substantially complete, the capitalization of certain indirect costs such as real estate taxes and interest and financing costs cease and all project-related costs included in construction in process are reclassified to land and building and other improvements.

Cash, Cash Equivalents and Restricted Cash

Cash, Cash Equivalents and Restricted Cash

 

We classify highly liquid investments with a maturity of three months or less when purchased as cash equivalents. Restricted cash includes funds escrowed for tenant security deposits, real estate tax, insurance and mortgage escrows and escrow deposits required by lenders on certain properties to be used for future building renovations or tenant improvements and potential Internal Revenue Code Section 1031 tax deferred exchanges (1031 Exchange).

 

Investment in Unconsolidated Affiliates

Investment in Unconsolidated Affiliates

 

We account for unconsolidated affiliates using the equity method of accounting per guidance established under ASC 323, Investments – Equity Method and Joint Ventures (“ASC 323”). The equity method of accounting requires the investment to be initially recorded at cost and subsequently adjusted for our share of equity in the affiliates’ earnings, contributions and distributions. We evaluate the carrying amount of the investments for impairment in accordance with ASC 323. Unconsolidated affiliates are reviewed for potential impairment if the carrying amount of the investment exceeds its fair value. An impairment charge is recorded when an impairment is deemed to be other-than-temporary. To determine whether impairment is other-than-temporary, we consider whether we have the ability and intent to hold the investment until the carrying amount is fully recovered. The evaluation of an investment in an affiliate for potential impairment can require our management to exercise significant judgments. No impairment losses were recorded related to the unconsolidated affiliates for the nine months ended September 30, 2018 and 2017.  

 

We use the equity method to account for investments that qualify as variable interest entities where we are not the primary beneficiary and entities that we do not control or where we do not own a majority of the economic interest but have the ability to exercise significant influence over the operations and financial policies of the investee.  We will also use the equity method for investments that do not qualify as variable interest entities and do not meet the control requirements for consolidation, as defined in ASC 810.  For a joint venture accounted for under the equity method, our share of net earnings and losses is reflected in income when earned and distributions are credited against our investment in the joint venture as received.

 

In determining whether an investment in a limited liability company or tenant in common is a variable interest entity, we consider: the form of our ownership interest and legal structure; the size of our investment; the financing structure of the entity, including the necessity of subordinated debt; estimates of future cash flows; our and our partner’s ability to participate in the decision making related to acquisitions, dispositions, budgeting and financing on the entity; and obligation to absorb losses and preferential returns.  As of September 30, 2018, our tenant in common arrangements do not qualify as variable interest entities and do not meet the control requirements for consolidation, as defined in ASC 810.

 

As of September 30, 2018 and December 31, 2017, the unconsolidated affiliates held total assets of $23,313 and $23,466 and mortgage notes payable of $17,189 and $17,470, respectively.

 

The operating partnership is a 50% owner of a retail center as a tenant in common through 100% ownership in a limited liability company.  The retail center has approximately 183,000 square feet of commercial space in Grand Forks, North Dakota. The property is encumbered by a non-recourse first mortgage with a balance at September 30, 2018 and December 31, 2017 of $10,537 and $10,692, respectively. The Company is jointly and severally liable for the full mortgage balance.

 

The operating partnership owns a 66.67% interest as tenant in common in an office building with approximately 75,000 square feet of commercial rental space in Fargo, North Dakota. The property is encumbered by a first mortgage with a balance at September 30, 2018 and December 31, 2017 of $6,652 and $6,778, respectively. The Company is jointly and severally liable for the full mortgage balance.

Receivables

Receivables

 

Receivables consist primarily of amounts due for rent. Accounts receivable are carried at original amounts billed less an estimate made for doubtful accounts based on a review of outstanding amounts on a quarterly basis and reflect management’s best estimate of the amounts that will not be collected.  Accounts receivable are written off when collection efforts have been exhausted and they are deemed uncollectible.  Recoveries, if any, of receivables previously written off are recorded when received.  The receivables are non-interest bearing and are unsecured. As of September 30, 2018, management’s estimate of uncollectible accounts receivable was $567. As of December 31, 2017, management determined no allowance was necessary for uncollectible receivables. 

Financing and Lease Costs

Financing and Lease Costs

 

Financing costs have been capitalized and are being amortized over the life of the financing (line of credit) using the effective interest method.  Unamortized financing costs are written off when debt is retired before the maturity date and included in interest expense at that time. 

 

Lease costs incurred in connection with new leases have been capitalized and are being amortized over the life of the lease using the straight-line method. We record the amortization of leasing costs in depreciation and amortization on the consolidated statements of operations and comprehensive income. If an applicable lease terminates prior to the expiration of its initial lease term, we write off the carrying amount of the costs to amortization expense.

 

Debt Issuance Costs

Debt Issuance Costs

 

We amortize external debt issuance costs using the effective interest rate method, over the estimated life of the related debt. We record debt issuance costs related to notes and mortgage notes, net of amortization, on our consolidated balance sheets as an offset to their related debt. We record debt issuance costs related to revolving lines of credit on our consolidated balance sheets as financing fees, regardless of whether a balance on the line of credit is outstanding. We record the amortization of all debt issuance costs as interest expense.

Intangible Assets

Lease Intangible Assets

 

Lease intangibles are a purchase price allocation recorded on property acquisition. The lease intangibles represent the estimated value of in-place leases, tenant relationships and the value of leases with above or below market lease terms. Lease intangibles are amortized over the term of the related lease.

 

The carrying amount of intangible assets is regularly reviewed for indicators of impairments in value. Impairment is recognized only if the carrying amount of the intangible asset is considered to be unrecoverable from its undiscounted cash flows and is measured as the difference between the carrying amount and the estimated fair value of the asset. Based on the review, management determined no impairment charges were necessary at September 30, 2018 and December 31, 2017.

 

Noncontrolling Interest

Noncontrolling Interest

 

A noncontrolling interest in a subsidiary (minority interest) is in most cases an ownership interest in the consolidated entity that should be reported as equity in the consolidated financial statements and separate from the parent company’s equity.  In addition, consolidated net income is required to be reported at amounts that include the amounts attributable to both the parent and the noncontrolling interest and the amount of consolidated net income attributable to the parent and the noncontrolling interest are required to be disclosed on the face of the consolidated statements of operations and comprehensive income. 

 

Operating Partnership: Interests in the operating partnership held by limited partners are represented by operating partnership units.  The operating partnership’s income is allocated to holders of units based upon the ratio of their holdings to the total units outstanding during the period. Capital contributions, distributions, syndication costs, and profits and losses are allocated to noncontrolling interests in accordance with the terms of the operating partnership agreement.

 

Partially Owned Properties: The Company reflects noncontrolling interests in partially owned properties on the balance sheet for the portion of properties consolidated by the Company that are not wholly owned by the Company.  The earnings or losses from those properties attributable to the noncontrolling interests are reflected as noncontrolling interests in partially owned properties in the consolidated statement of operations and comprehensive income.

 

Syndication Costs

 

Syndication Costs

 

Syndication costs consist of costs paid to attorneys, accountants, and selling agents, related to the raising of capital. Syndication costs are recorded as a reduction to beneficial and noncontrolling interest.

 

Federal Income Taxes

Federal Income Taxes

 

We have elected to be taxed as a REIT under the Internal Revenue Code, as amended. A REIT calculates taxable income similar to other domestic corporations, with the major difference being a REIT is entitled to a deduction for dividends paid. A REIT is generally required to distribute each year at least 90% of its taxable income. If it chooses to retain the remaining 10% of taxable income, it may do so, but it will be subject to a corporate tax on such income. REIT shareholders are taxed on REIT distributions of ordinary income in the same manner as they are taxed on other corporate distributions.

 

We intend to continue to qualify as a REIT and, provided we maintain such status, will not be taxed on the portion of the income that is distributed to shareholders. In addition, we intend to distribute all of our taxable income; therefore, no provisions or liabilities for income taxes have been recorded in the financial statements.

 

Sterling conducts its business activity as an Umbrella Partnership Real Estate Investment Trust (“UPREIT”) through its Operating Partnership – Sterling Properties, LLLP.  The Operating Partnership is organized as a limited liability limited partnership. Income or loss is allocated to the partners in accordance with the provisions of the Internal Revenue Code 704(b) and 704(c). UPREIT status allows non-recognition of gain by an owner of appreciated real estate if that owner contributes the real estate to a partnership in exchange for a partnership interest. The conversion of a partnership interest to shares of beneficial interest in the REIT will be a taxable event to the limited partner.

 

We follow ASC Topic 740, Income Taxes, to recognize, measure, present and disclose in our consolidated financial statements uncertain tax positions that we have taken or expect to take on a tax return. As of September 30, 2018 and December 31, 2017 we did not have any liabilities for uncertain tax positions that we believe should be recognized in our consolidated financial statements. We are no longer subject to Federal and State tax examinations by tax authorities for years before 2015.

 

The operating partnership has elected to record related interest and penalties, if any, as income tax expense on the consolidated statements of operations and other comprehensive income.

 

Revenue Recognition

Revenue Recognition

 

We derive over 95% of our revenues from tenant rents and other tenant-related activities. We lease multifamily units under operating leases with terms of one year or less. Rental income and other property revenues are recorded when due from tenants and recognized monthly as earned pursuant to the terms of the underlying leases.  Other property revenues consist primarily of laundry, application and other fees charged to tenants. 

 

We lease commercial space primarily under long-term lease agreements. Commercial tenant rents include base rents, expense reimbursements (such as common area maintenance, real estate taxes and utilities), and a straight-line rent adjustment. We record base rents on a straight-line basis. The monthly base rent income according to the terms of our leases is adjusted so that an average monthly rent is recorded for each tenant over the term of its lease. The straight-line rent adjustment increased revenue by $17 and $59 for the three months ended September 30, 2018 and 2017, respectively. The straight-line rent adjustment increased revenue by $87 and $186 for the nine months ended September 30, 2018 and 2017, respectively. The straight-line receivable balance included in receivables on the consolidated balance sheets as of September 30, 2018 and December 31, 2017 was $3,363 and $3,586, respectively. We receive payments for expense reimbursements from substantially all our multi-tenant commercial tenants throughout the year based on estimates. Differences between estimated recoveries and the final billed amounts, which generally are immaterial, are recognized in the subsequent year.

 

Earnings per Common Share

Earnings per Common Share

 

Basic earnings per common share is computed by dividing net income available to common shareholders (the “numerator”) by the weighted average number of common shares outstanding (the “denominator”) during the period. Sterling had no dilutive potential common shares as of September 30, 2018 and 2017, and therefore, basic earnings per common share was equal to diluted earnings per common share for both periods.

 

For the three months ended September 30, 2018 and 2017, Sterling’s denominators for the basic and diluted earnings per common share were approximately 8,840,000 and 8,356,000, respectively. For the nine months ended September 30, 2018 and 2017, Sterling’s denominators for the basic and diluted earnings per common share were approximately 8,730,000 and 8,234,000, respectively.

 

Reclassifications

Reclassifications

 

Certain reclassifications considered necessary for a fair presentation have been made to the prior period financial statements in order to conform to the current year presentation.  These reclassifications have not changed the results of operations or equity.

 

Recent Accounting Pronouncements

Recent Accounting Pronouncements 

 

In May 2014, the FASB and International Accounting Standards Board issued their final standard on revenue from contracts with customers, which was issued by the FASB as Accounting Standards Update 2014-09, Revenue from Contracts with Customers, or ASU 2014-09. ASU 2014-09, which establishes a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers, supersedes most current GAAP applicable to revenue recognition and converges U.S. and international accounting standards in this area. The core principle of the new guidance is that revenue shall only be recognized when an entity has transferred control of goods or services to a customer and for an amount reflecting the consideration to which the entity expects to be entitled for such exchange. Additionally, lease contracts are specifically excluded from ASU 2014-09. In July 2015, the FASB decided to defer the effective date for annual reporting periods beginning after December 15, 2017.  Early adoption is permitted beginning on the original effective date of periods beginning after December 15, 2016. Upon adoption, ASU 2014-09 allows for full retrospective adoption applied to all periods presented or modified retrospective adoption with the cumulative effect of initially applying the standard recognized at the date of initial application. We have performed a review of the requirements of the new guidance and have identified which of our revenue streams will be within the scope of ASU 2014-09.  We have completed an adoption plan which included a review of transactions supporting each revenue stream to determine the impact of accounting treatment under ASU 2014-09, an evaluation of the method of adoption and assessing changes that might be necessary to information technology systems, processes and internal controls to capture new data and address changes in financial reporting. We adopted this standard effective as of January 1, 2018 and have concluded that the adoption of this guidance did not have an impact on our financial position or results of operations. We concluded this standard will have an impact on the disclosure of gain/loss on sale of real estate investments upon the adoption of the update ASU 2014-09, but will not have an impact on “total real estate rental income.”

 

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842), which amends existing accounting standards for lease accounting, including by requiring lessees to recognize most leases on the balance sheet and making certain changes to lessor accounting. The standard will take effect for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018 with earlier application permitted. In January 2018, the FASB released an exposure draft to ASU No. 2016-02 that if issued in its current form would (1) simplify transition requirements for both lessees and lessors by adding an option that would permit an organization to apply the transition provisions of the new standard at its adoption date instead of at the earliest comparative period presented in its financial statements and, (2) provide a practical expedient for lessors that would permit lessors to not be required to separate nonlease components from the associated lease components if certain conditions are met. The Company is evaluating the impact of ASU No. 2016-02 on its financial position and results of operations. 

 

In November 2016, the FASB issued ASU No. 2016-18 to require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents will be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. ASU 2016-18 was effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years and early adoption was permitted. The pronouncement requires a retrospective transition method of adoption. We adopted this standard effective January 1, 2018. Upon adoption, the Company included amounts generally described as restricted cash within the beginning-of-period, change and end-of-period total amounts on the statement of cash flows rather than within an activity on the statement of cash flows.

 

In August 2016, the FASB issued ASU No. 2016-15 to provide guidance for areas where there is diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. We adopted this standard effective January 1, 2018 and have concluded that the adoption of this guidance did not have an impact on our financial position or results of operations, since the cumulative earnings approach for distributions received from equity method investees would continue to be utilized.

 

The new standards must be applied retrospectively to all periods presented in the financial statements.  The Company adopted the new standard effective January 1, 2018 and will continue to apply the cumulative earnings approach for distributions received from equity method investees.  While overall cash flows did not change, there were changes between cash flow classifications due primarily to restricted deposits.  As of September 30, 2017, the following cash flows were reclassified:

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

September 30, 2017

 

 

 

As Originally

 

 

Reclassification

 

 

As Presented

 

    

Presented

    

Adjustments

    

Herein

 

 

(in thousands)

Cash Flows from Operating Activities:

 

 

 

 

 

 

 

 

 

Restricted deposits - tenant security deposits

 

$

(150)

 

$

150

 

$

 —

Restricted deposits - real estate tax and insurance escrow

 

$

577

 

$

(577)

 

$

 —

Net cash provided by operating activities

 

$

27,718

 

$

(427)

 

$

27,291

 

 

 

 

 

 

 

 

 

 

Cash Flows from Investing Activities

 

 

 

 

 

 

 

 

 

Restricted deposits - exchange escrow

 

$

(4,328)

 

$

4,328

 

$

 —

Restricted deposits - replacement reserves

 

$

(952)

 

$

952

 

$

 —

Purchase of real estate investment properties

 

$

(3,718)

 

$

(4,195)

 

$

(7,913)

Net cash provided by Investing activities

 

$

(10,650)

 

$

1,085

 

$

(9,565)

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents, beginning of period

 

$

12,034

 

 

 

 

 

 

(adjustments for restricted deposits, beginning of period)

 

 

 

 

$

7,236

 

 

 

Cash and cash equivalents and restricted deposits, beginning of period

 

 

 

 

 

 

 

$

19,270

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents, end of period

 

$

20,991

 

 

 

 

 

 

(adjustments for restricted deposits, end of period)

 

 

 

 

$

7,894

 

 

 

Cash and cash equivalents and restricted deposits, end of period

 

 

 

 

 

 

 

$

28,885

 

Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying Consolidated Financial Statements.

XML 37 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1
PRINCIPAL ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2018
PRINCIPAL ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES  
Schedule of Types of Real Estate Properties by Location

 

 

 

 

 

 

 

Residential Property

    

Location

    

No. of Properties

    

Units

 

 

North Dakota

 

100

 

5,963

 

 

Minnesota

 

16

 

3,033

 

 

Missouri

 

1

 

164

 

 

Nebraska

 

2

 

322

 

 

 

 

119

 

9,482

 

 

 

 

 

 

 

Commercial Property

    

Location

    

No. of Properties

    

Sq. Ft

 

 

North Dakota

 

20

 

780,000

 

 

Arkansas

 

2

 

29,000

 

 

Colorado

 

1

 

13,000

 

 

Iowa

 

1

 

33,000

 

 

Louisiana

 

1

 

15,000

 

 

Michigan

 

1

 

12,000

 

 

Minnesota

 

15

 

650,000

 

 

Mississippi

 

1

 

15,000

 

 

Nebraska

 

1

 

16,000

 

 

Wisconsin

 

5

 

63,000

 

 

 

 

48

 

1,626,000

 

Summary of Estimated Useful Life

 

 

 

Buildings and improvements

    

40 years

Furniture, fixtures and equipment

 

5-9 years

 

Schedule of cash flows that were reclassified

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

September 30, 2017

 

 

 

As Originally

 

 

Reclassification

 

 

As Presented

 

    

Presented

    

Adjustments

    

Herein

 

 

(in thousands)

Cash Flows from Operating Activities:

 

 

 

 

 

 

 

 

 

Restricted deposits - tenant security deposits

 

$

(150)

 

$

150

 

$

 —

Restricted deposits - real estate tax and insurance escrow

 

$

577

 

$

(577)

 

$

 —

Net cash provided by operating activities

 

$

27,718

 

$

(427)

 

$

27,291

 

 

 

 

 

 

 

 

 

 

Cash Flows from Investing Activities

 

 

 

 

 

 

 

 

 

Restricted deposits - exchange escrow

 

$

(4,328)

 

$

4,328

 

$

 —

Restricted deposits - replacement reserves

 

$

(952)

 

$

952

 

$

 —

Purchase of real estate investment properties

 

$

(3,718)

 

$

(4,195)

 

$

(7,913)

Net cash provided by Investing activities

 

$

(10,650)

 

$

1,085

 

$

(9,565)

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents, beginning of period

 

$

12,034

 

 

 

 

 

 

(adjustments for restricted deposits, beginning of period)

 

 

 

 

$

7,236

 

 

 

Cash and cash equivalents and restricted deposits, beginning of period

 

 

 

 

 

 

 

$

19,270

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents, end of period

 

$

20,991

 

 

 

 

 

 

(adjustments for restricted deposits, end of period)

 

 

 

 

$

7,894

 

 

 

Cash and cash equivalents and restricted deposits, end of period

 

 

 

 

 

 

 

$

28,885

 

XML 38 R28.htm IDEA: XBRL DOCUMENT v3.10.0.1
SEGMENT REPORTING (Tables)
9 Months Ended
Sep. 30, 2018
SEGMENT REPORTING  
Summary of Segment Revenues and Net Operating Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended  September 30, 2018

 

Three months ended  September 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Residential

    

Commercial

    

Total

    

Residential

    

Commercial

    

Total

 

 

(in thousands)

 

(in thousands)

Income from rental operations

 

$

22,627

 

$

6,627

 

$

29,254

 

$

21,863

 

$

6,792

 

$

28,655

Expenses from rental operations

 

 

12,436

 

 

1,963

 

 

14,399

 

 

12,764

 

 

2,023

 

 

14,787

Net operating income

 

$

10,191

 

$

4,664

 

$

14,855

 

$

9,099

 

$

4,769

 

$

13,868

Interest

 

 

 

 

 

 

 

 

4,557

 

 

 

 

 

 

 

 

4,690

Depreciation and amortization

 

 

 

 

 

 

 

 

5,274

 

 

 

 

 

 

 

 

5,427

Administration of REIT

 

 

 

 

 

 

 

 

1,460

 

 

 

 

 

 

 

 

885

Other (income)/expense

 

 

 

 

 

 

 

 

(3,520)

 

 

 

 

 

 

 

 

(390)

Net income

 

 

 

 

 

 

 

$

7,084

 

 

 

 

 

 

 

$

3,256

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine months ended September 30, 2018

 

Nine months ended September 30, 2017

 

    

Residential

    

Commercial

    

Total

    

Residential

    

Commercial

    

Total

 

 

(in thousands)

 

(in thousands)

Income from rental operations

 

$

67,621

 

$

20,151

 

$

87,772

 

$

64,579

 

$

20,619

 

$

85,198

Expenses from rental operations

 

 

38,032

 

 

5,593

 

 

43,625

 

 

35,630

 

 

5,600

 

 

41,230

Net operating income

 

$

29,589

 

$

14,558

 

$

44,147

 

$

28,949

 

$

15,019

 

$

43,968

Interest

 

 

 

 

 

 

 

 

13,632

 

 

 

 

 

 

 

 

13,938

Depreciation and amortization

 

 

 

 

 

 

 

 

15,907

 

 

 

 

 

 

 

 

16,170

Administration of REIT

 

 

 

 

 

 

 

 

3,703

 

 

 

 

 

 

 

 

4,208

Loss on lease terminations

 

 

 

 

 

 

 

 

 —

 

 

 

 

 

 

 

 

146

Other (income)/expense

 

 

 

 

 

 

 

 

(6,416)

 

 

 

 

 

 

 

 

(5,240)

Net income

 

 

 

 

 

 

 

$

17,321

 

 

 

 

 

 

 

$

14,746

 

Summary of Segment Assets and Accumulated Depreciation

 

 

 

 

 

 

 

 

 

 

As of September 30, 2018

    

Residential

    

Commercial

    

Total

 

 

(in thousands)

Real estate investments

 

$

571,187

 

$

195,609

 

$

766,796

Accumulated depreciation

 

 

(86,570)

 

 

(36,686)

 

 

(123,256)

 

 

$

484,617

 

$

158,923

 

 

643,540

Cash and cash equivalents

 

 

 

 

 

 

 

 

16,297

Restricted deposits and funded reserves

 

 

 

 

 

 

 

 

14,811

Investment in unconsolidated affiliates

 

 

 

 

 

 

 

 

2,765

Receivables and other assets

 

 

 

 

 

 

 

 

6,610

Financing and lease costs, less accumulated amortization

 

 

 

 

 

 

 

 

742

Intangible assets, less accumulated amortization

 

 

 

 

 

 

 

 

11,536

Total Assets

 

 

 

 

 

 

 

$

696,301

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2017

    

Residential

    

Commercial

    

Total

 

 

(in thousands)

Real estate investments

 

$

557,309

 

$

202,394

 

$

759,703

Accumulated depreciation

 

 

(76,404)

 

 

(34,622)

 

 

(111,026)

 

 

$

480,905

 

$

167,772

 

 

648,677

Cash and cash equivalents

 

 

 

 

 

 

 

 

12,490

Restricted deposits and funded reserves

 

 

 

 

 

 

 

 

8,063

Investment in unconsolidated affiliates

 

 

 

 

 

 

 

 

2,772

Receivables and other assets

 

 

 

 

 

 

 

 

5,603

Financing and lease costs, less accumulated amortization

 

 

 

 

 

 

 

 

737

Intangible assets, less accumulated amortization

 

 

 

 

 

 

 

 

13,263

Total Assets

 

 

 

 

 

 

 

$

691,605

 

XML 39 R29.htm IDEA: XBRL DOCUMENT v3.10.0.1
REAL ESTATE INVESTMENTS (Tables)
9 Months Ended
Sep. 30, 2018
REAL ESTATE INVESTMENTS  
Summary of Real Estate Investments

 

 

 

 

 

 

 

 

 

 

As of September 30, 2018

    

Residential

    

Commercial

    

Total

 

 

(in thousands)

Land and land improvements

 

$

73,794

 

$

37,727

 

$

111,521

Building and improvements

 

 

470,141

 

 

156,245

 

 

626,386

Furniture, fixtures and equipment

 

 

25,737

 

 

1,466

 

 

27,203

Construction in progress

 

 

1,515

 

 

171

 

 

1,686

 

 

 

571,187

 

 

195,609

 

 

766,796

Less accumulated depreciation

 

 

(86,570)

 

 

(36,686)

 

 

(123,256)

 

 

$

484,617

 

$

158,923

 

$

643,540

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2017

    

Residential

    

Commercial

    

Total

 

 

(in thousands)

Land and land improvements

 

$

73,109

 

$

37,841

 

$

110,950

Building and improvements

 

 

457,443

 

 

163,087

 

 

620,530

Furniture, fixtures and equipment

 

 

25,381

 

 

1,466

 

 

26,847

Construction in progress

 

 

1,376

 

 

 —

 

 

1,376

 

 

 

557,309

 

 

202,394

 

 

759,703

Less accumulated depreciation

 

 

(76,404)

 

 

(34,622)

 

 

(111,026)

 

 

$

480,905

 

$

167,772

 

$

648,677

 

XML 40 R30.htm IDEA: XBRL DOCUMENT v3.10.0.1
LEASE INTANGIBLES (Tables)
9 Months Ended
Sep. 30, 2018
LEASE INTANGIBLES  
Schedule of Intangible Assets, Liabilities and Accumulated Amortization

 

 

 

 

 

 

 

 

 

 

 

 

Lease

 

Accumulated

 

Lease

As of September 30, 2018

    

Intangibles

    

Amortization

    

Intangibles, net

Lease Intangible Assets

 

(in thousands)

In-place leases

 

$

21,684

 

$

(12,122)

 

$

9,562

Above-market leases

 

 

3,241

 

 

(1,267)

 

 

1,974

 

 

$

24,925

 

$

(13,389)

 

$

11,536

Lease Intangible Liabilities

 

 

 

 

 

 

 

 

 

Below-market leases

 

$

(3,089)

 

$

1,549

 

$

(1,540)

 

 

 

 

 

 

 

 

 

 

 

 

 

Lease

 

Accumulated

 

Lease

As of December 31, 2017

    

Intangibles

    

Amortization

    

Intangibles, net

Lease Intangible Assets

 

(in thousands)

In-place leases

 

$

23,080

 

$

(11,797)

 

$

11,283

Above-market leases

 

 

3,115

 

 

(1,135)

 

 

1,980

 

 

$

26,195

 

$

(12,932)

 

$

13,263

Lease Intangible Liabilities

 

 

 

 

 

 

 

 

 

Below-market leases

 

$

(3,162)

 

$

1,386

 

$

(1,776)

 

Schedule of Estimated Aggregate Amortization Expense

 

 

 

 

 

 

 

 

 

Intangible

 

Intangible

Years ending December 31,

    

Assets

    

Liabilities

 

 

(in thousands)

2018 (October 1, 2018 to December 31, 2018)

 

$

515

 

$

68

2019

 

 

1,884

 

 

264

2020

 

 

1,459

 

 

213

2021

 

 

1,163

 

 

184

2022

 

 

1,028

 

 

164

Thereafter

 

 

5,487

 

 

647

 

 

$

11,536

 

$

1,540

 

XML 41 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1
MORTGAGE NOTES PAYABLE (Tables)
9 Months Ended
Sep. 30, 2018
MORTGAGE NOTES PAYABLE  
Schedule of Mortgage Notes Payable

 

 

 

 

 

 

 

 

 

Principal Balance At

 

 

September 30,

 

December 31,

 

 

2018

 

2017

 

 

(in thousands)

Fixed rate mortgage notes payable (a)

 

$

395,820

 

$

397,567

Less unamortized debt issuance costs

 

 

2,343

 

 

2,724

 

 

$

393,477

 

$

394,843


(a)

Includes $877 and $913 of variable rate mortgage debt that was swapped to a fixed rate at September 30, 2018 and December 31, 2017, respectively.

Scheduled Maturities of Mortgage Notes Payable

 

 

 

 

Years ending December 31,

    

Amount

 

 

(in thousands)

2018 (October 1, 2018 to December 31, 2018)

 

$

5,079

2019

 

 

25,513

2020

 

 

28,201

2021

 

 

46,148

2022

 

 

31,399

Thereafter

 

 

259,480

Total payments

 

$

395,820

 

XML 42 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1
FAIR VALUE MEASUREMENT (Tables)
9 Months Ended
Sep. 30, 2018
FAIR VALUE MEASUREMENT  
Carrying Value and Estimated Fair Value of Company's Financial Instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2018

 

December 31, 2017

 

 

Carrying

 

 

 

 

Carrying

 

 

 

 

    

Value

    

Fair Value

    

Value

    

Fair Value

 

 

(in thousands)

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage notes payable, net

 

$

393,477

 

$

385,109

 

$

394,843

 

$

396,261

Fair value of interest rate swaps

 

$

33

 

$

33

 

$

65

 

$

65

 

Schedule of Fair Value of Liabilities on Recurring Basis

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Level 1

    

Level 2

    

Level 3

    

Total

 

 

(in thousands)

September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Fair value of interest rate swaps

 

$

 —

 

$

33

 

$

 —

 

$

33

December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Fair value of interest rate swaps

 

$

 —

 

$

65

 

$

 —

 

$

65

 

Fair Value of Company's Financial Assets and Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Level 1

    

Level 2

    

Level 3

    

Total

 

 

(in thousands)

September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage notes payable, net

 

$

 —

 

$

 —

 

$

385,109

 

$

385,109

December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage notes payable, net

 

$

 —

 

$

 —

 

$

396,261

 

$

396,261

 

XML 43 R33.htm IDEA: XBRL DOCUMENT v3.10.0.1
RELATED PARTY TRANSACTIONS (Tables)
9 Months Ended
Sep. 30, 2018
RELATED PARTY TRANSACTIONS  
Summary of Compensation Plan

 

 

 

 

 

   

 

Board Chairman – Board Meeting

    

 

105 shares/meeting

Trustee – Board Meeting

 

 

75 shares/meeting

Committee Chair – Committee Meeting

 

 

30 shares/meeting

Trustee – Committee Meeting

 

 

30 shares/meeting

 

Summary of Total Project Cost

 

 

 

 

 

 

 

 

Total Cost

 

Fee

 

Range of Fee

 

Formula

0 – 10M

 

5.0

%

 

0  –.5M

 

0M – 5.0% x (TC – 0M)

10M - 20M

 

4.5

%

 

.5 M – .95M

 

.50M – 4.5% x (TC – 10M)

20M – 30M

 

4.0

%

 

.95 M – 1.35M

 

.95M – 4.0% x (TC – 20M)

30M – 40M

 

3.5

%

 

1.35 M – 1.70M

 

1.35M – 3.5% x (TC – 30M)

40M – 50M

 

3.0

%

 

1.70 M – 2.00M

 

1.70M – 3.0% x (TC – 40M)

 

XML 44 R34.htm IDEA: XBRL DOCUMENT v3.10.0.1
ACQUISITIONS (Tables)
9 Months Ended
Sep. 30, 2018
Schedule of acquisition date fair values, before prorations recorded in conjunction with acquisitions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

 

 

 

 

 

 

September 30,

 

 

 

 

 

 

 

 

 

2018

 

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Land, building, tenant improvements and FF&E

 

 

 

 

 

$

8,326

 

$

20,111

 

 

Other liabilities

 

 

 

 

 

 

(71)

 

 

(72)

 

 

Net assets acquired

 

 

 

 

 

 

8,255

 

 

20,039

 

 

Equity/limited partnership unit consideration

 

 

 

 

 

 

(2,176)

 

 

(9,651)

 

 

Restricted cash proceeds related to IRC Section 1031 tax-deferred exchange

 

 

 

 

 

 

(3,004)

 

 

(4,278)

 

 

New loans

 

 

 

 

 

 

 -

 

 

(2,392)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash consideration

 

 

 

 

 

$

3,075

 

$

3,718

 

Real Estate Property Acquisitions 2018  
Schedule of acquisitions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date

 

Property Name

 

Location

 

Property Type

 

 

Units/ Square Footage/ Acres

 

 

Acquisition Price

 

 

Prorata Acquisition Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3/1/18

 

Thunder Creek Apartments

 

Fargo, ND

 

Apartment complex

 

 

57 units

 

$

4,460

 

$

4,460

 

9/1/18

 

Chandler 1834

 

Grand Forks, ND

 

Apartment complex

 

 

12 units

 

 

630

 

 

630

 

9/17/18

 

Dairy Queen (a)

 

Apple Valley, MN

 

Retail building

 

 

5,348 sq. ft.

 

 

3,000

 

 

3,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

8,090

 

$

8,090

(b)

 

(a)

This property was acquired utilizing Internal Revenue Code 1031 tax-deferred exchange funds.

(b)

Acquisition price does not include capitalized costs and adjustments of $236.

 

Real Estate Property Acquisitions 2017  
Schedule of acquisitions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date

 

Property Name

 

Location

 

Property Type

 

 

Units/ Square Footage/ Acres

 

 

Acquisition Price

 

 

Prorata Acquisition Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1/10/17

 

Sargent Apartments

 

Fargo, ND

 

Apartment complex

 

 

36 units

 

$

1,710

 

$

1,710

 

1/11/17

 

Arrowhead Apartments

 

Grand Forks, ND

 

Apartment complex

 

 

82 units

 

 

5,494

 

 

5,494

 

1/17/17

 

West Oak Apartments

 

Fargo, ND

 

Apartment complex

 

 

18 units

 

 

777

 

 

777

 

1/17/17

 

Carr Apartments

 

Fargo, ND

 

Apartment complex

 

 

18 units

 

 

828

 

 

828

 

5/1/17

 

Plumtree Apartments

 

Fargo, ND

 

Apartment complex

 

 

18 units

 

 

907

 

 

907

 

5/1/17

 

Sunchase Apartments

 

Fargo, ND

 

Apartment complex

 

 

36 units

 

 

1,765

 

 

1,765

 

6/1/17

 

Essex Apartments

 

Fargo, ND

 

Apartment complex

 

 

18 units

 

 

858

 

 

858

 

6/1/17

 

Jadestone Apartments

 

Fargo, ND

 

Apartment complex

 

 

18 units

 

 

809

 

 

809

 

6/1/17

 

Park Circle Apartments

 

Fargo, ND

 

Apartment complex

 

 

18 units

 

 

903

 

 

903

 

7/3/17

 

East Bridge Apartments (a)

 

Fargo, ND

 

Apartment complex

 

 

58 units

 

 

6,060

 

 

6,060

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

20,111

 

$

20,111

(b)

 

(a)

This property was acquired utilizing Internal Revenue Code 1031 tax-deferred exchange funds.

(b)

Acquisition price does not include capitalized costs and adjustments of $158.

 

XML 45 R35.htm IDEA: XBRL DOCUMENT v3.10.0.1
Organization - Additional Information (Details)
9 Months Ended
Sep. 30, 2018
Dec. 31, 2017
Properties    
Ownership in operating partnership 33.46% 32.64%
Real Estate    
Properties    
Percentage of total assets that must consist of real estate assets per the Internal Revenue Code election to be treated as REIT 75.00%  
Percentage of total gross income that must be derived from real estate per the Internal Revenue Code election to be treated as REIT 75.00%  
XML 46 R36.htm IDEA: XBRL DOCUMENT v3.10.0.1
Principal Activity and Significant Accounting Policies - Principal Business Activity (Details)
$ in Thousands
Sep. 30, 2018
USD ($)
ft²
property
item
Dec. 31, 2017
USD ($)
Properties    
Real estate investments | $ $ 643,540 $ 648,677
No. of properties 167  
Residential Property    
Properties    
No. of properties 119  
Percentage of residential property out of the trust properties 72.20%  
Units | item 9,482  
Residential Property | North Dakota    
Properties    
No. of properties 100  
Units | item 5,963  
Residential Property | Minnesota    
Properties    
No. of properties 16  
Units | item 3,033  
Residential Property | Missouri    
Properties    
No. of properties 1  
Units 164  
Residential Property | Nebraska    
Properties    
No. of properties 2  
Units | item 322  
Commercial Property    
Properties    
No. of properties 48  
Percentage of commercial property out of the trust properties 27.80%  
Area of commercial property | ft² 1,626,000  
Commercial Property | North Dakota    
Properties    
No. of properties 20  
Area of commercial property | ft² 780,000  
Commercial Property | Arkansas    
Properties    
No. of properties 2  
Area of commercial property | ft² 29,000  
Commercial Property | Colorado    
Properties    
No. of properties 1  
Area of commercial property | ft² 13,000  
Commercial Property | Iowa    
Properties    
No. of properties 1  
Area of commercial property | ft² 33,000  
Commercial Property | Louisiana    
Properties    
No. of properties 1  
Area of commercial property | ft² 15,000  
Commercial Property | Michigan    
Properties    
No. of properties 1  
Area of commercial property | ft² 12,000  
Commercial Property | Minnesota    
Properties    
No. of properties 15  
Area of commercial property | ft² 650,000  
Commercial Property | Mississippi    
Properties    
No. of properties 1  
Area of commercial property | ft² 15,000  
Commercial Property | Nebraska    
Properties    
No. of properties 1  
Area of commercial property | ft² 16,000  
Commercial Property | Wisconsin    
Properties    
No. of properties 5  
Area of commercial property | ft² 63,000  
XML 47 R37.htm IDEA: XBRL DOCUMENT v3.10.0.1
Principal Activity and Significant Accounting Policies - Real Estate Investments (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Real Estate Investments        
Amortization expense     $ 1,590 $ 1,855
Amortization expense of below market lease $ 68 $ 70 208 214
Depreciation expense 4,761 4,816 14,267 14,270
Loss on impairment of property     $ 0 0
Building and improvements        
Real Estate Investments        
Estimated useful life     40 years  
Furniture, fixtures and equipment | Minimum        
Real Estate Investments        
Estimated useful life     5 years  
Furniture, fixtures and equipment | Maximum        
Real Estate Investments        
Estimated useful life     9 years  
In-place leases        
Real Estate Investments        
Amortization expense 473 546 $ 1,516 1,709
Above-market leases        
Real Estate Investments        
Amortization expense $ 55 $ 56 $ 166 $ 169
XML 48 R38.htm IDEA: XBRL DOCUMENT v3.10.0.1
Principal Activity and Significant Accounting Policies - Held for Sale and Unconsolidated Affiliates (Details)
$ in Thousands
9 Months Ended
Sep. 30, 2018
USD ($)
ft²
property
Sep. 30, 2017
USD ($)
Dec. 31, 2017
USD ($)
property
Significant Accounting Policies      
Number of real estate properties classified as held for sale | property 0   0
Impairment losses related to the unconsolidated affiliates $ 0 $ 0  
Total assets held by unconsolidated affiliates 23,313   $ 23,466
Mortgage notes held by unconsolidated affiliates $ 17,189   17,470
Operating Partnership | Grand Forks Marketplace Retail Center      
Significant Accounting Policies      
Investment in unconsolidated affiliates 50.00%    
Percentage of interest 100.00%    
Area of commercial property | ft² 183,000    
Operating Partnership | Tenant in common - Office building, Fargo, North Dakota      
Significant Accounting Policies      
Investment in unconsolidated affiliates 66.67%    
Area of commercial property | ft² 75,000    
Mortgages | Grand Forks Marketplace Retail Center      
Significant Accounting Policies      
Mortgage carrying amount $ 10,537   10,692
Mortgages | Tenant in common - Office building, Fargo, North Dakota      
Significant Accounting Policies      
Mortgage carrying amount $ 6,652   $ 6,778
XML 49 R39.htm IDEA: XBRL DOCUMENT v3.10.0.1
Principal Activity and Significant Accounting Policies - Other (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
PRINCIPAL ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES          
Allowance for uncollectible receivables $ 567   $ 567   $ 0
Impairment of intangible assets     $ 0   0
Taxable income to be distributed 90.00%   90.00%    
Retainable taxable income 10.00%   10.00%    
Provisions or liabilities for income taxes     $ 0 $ 0  
Revenue Recognition          
Revenue from tenant rents and related activities     95.00%    
Term of lease     1 year    
Increase in revenue due to straight - line adjustment $ 17 $ 59 $ 87 $ 186  
Straight - line receivable $ 3,363   $ 3,363   $ 3,586
Earnings per Common Share          
Dilutive potential common shares     0 0  
Denominators for the basic and diluted earnings per common share 8,840,000 8,356,000 8,730,000 8,234,000  
XML 50 R40.htm IDEA: XBRL DOCUMENT v3.10.0.1
Principal Activity and Significant Accounting Policies - Recent Accounting Pronouncements (Details) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities        
Net cash provided by operating activities $ 28,351 $ 27,291    
Cash Flows from Investing Activities        
Purchase of real estate investment properties (6,079) (7,913)    
Net cash provided by Investing activities (548) (9,565)    
Cash and cash equivalents 16,297 20,991 $ 12,490  
Restricted deposits 14,811 7,894 8,063  
Cash and cash equivalents and restricted deposits $ 31,108 28,885 $ 20,553 $ 19,270
ASU No. 2016-18 | As Originally Presented        
Cash Flows from Operating Activities        
Restricted deposits - tenant security deposits   (150)    
Restricted deposits - real estate tax and insurance escrow   577    
Net cash provided by operating activities   27,718    
Cash Flows from Investing Activities        
Restricted deposits - exchange escrow   (4,328)    
Restricted deposits - replacement reserves   (952)    
Purchase of real estate investment properties   (3,718)    
Net cash provided by Investing activities   (10,650)    
Cash and cash equivalents   20,991   12,034
ASU No. 2016-18 | Reclassification Adjustments        
Cash Flows from Operating Activities        
Restricted deposits - tenant security deposits   150    
Restricted deposits - real estate tax and insurance escrow   (577)    
Net cash provided by operating activities   (427)    
Cash Flows from Investing Activities        
Restricted deposits - exchange escrow   4,328    
Restricted deposits - replacement reserves   952    
Purchase of real estate investment properties   (4,195)    
Net cash provided by Investing activities   1,085    
Restricted deposits   $ 7,894   $ 7,236
XML 51 R41.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Reporting - Additional Information (Details)
9 Months Ended
Sep. 30, 2018
segment
SEGMENT REPORTING  
Number of reportable segments 2
XML 52 R42.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Reporting - Summary of Segment Revenues and Net Operating Income (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
SEGMENT REPORTING        
Income from rental operations $ 29,254 $ 28,655 $ 87,772 $ 85,198
Expenses from rental operations 14,399 14,787 43,625 41,230
Net operating income 14,855 13,868 44,147 43,968
Interest 4,557 4,690 13,632 13,938
Depreciation and amortization 5,274 5,427 15,907 16,170
Administration of REIT 1,460 885 3,703 4,208
Loss on lease terminations       146
Other (income)/expense (3,520) (390) (6,416) (5,240)
Net income 7,084 3,256 17,321 14,746
Residential        
SEGMENT REPORTING        
Income from rental operations 22,627 21,863 67,621 64,579
Expenses from rental operations 12,436 12,764 38,032 35,630
Net operating income 10,191 9,099 29,589 28,949
Commercial        
SEGMENT REPORTING        
Income from rental operations 6,627 6,792 20,151 20,619
Expenses from rental operations 1,963 2,023 5,593 5,600
Net operating income $ 4,664 $ 4,769 $ 14,558 $ 15,019
XML 53 R43.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Reporting - Summary of Segment Assets and Accumulated Depreciation (Details) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Sep. 30, 2017
SEGMENT REPORTING      
Real estate investments $ 766,796 $ 759,703  
Accumulated depreciation (123,256) (111,026)  
Real estate investments, net 643,540 648,677  
Cash and cash equivalents 16,297 12,490 $ 20,991
Restricted deposits and funded reserves 14,811 8,063 $ 7,894
Investment in unconsolidated affiliates 2,765 2,772  
Receivables and other assets 6,610 5,603  
Financing and lease costs, less accumulated amortization 742 737  
Intangible assets, less accumulated amortization 11,536 13,263  
Total Assets 696,301 691,605  
Residential      
SEGMENT REPORTING      
Real estate investments 571,187 557,309  
Accumulated depreciation (86,570) (76,404)  
Real estate investments, net 484,617 480,905  
Commercial      
SEGMENT REPORTING      
Real estate investments 195,609 202,394  
Accumulated depreciation (36,686) (34,622)  
Real estate investments, net $ 158,923 $ 167,772  
XML 54 R44.htm IDEA: XBRL DOCUMENT v3.10.0.1
Real Estate Investments - Summary of Real Estate Investments (Details) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Real Estate Investments    
Real estate investments $ 766,796 $ 759,703
Less accumulated depreciation (123,256) (111,026)
Real estate investments, net 643,540 648,677
Land and land improvements    
Real Estate Investments    
Land and land improvements 111,521 110,950
Building and improvements    
Real Estate Investments    
Building and improvements 626,386 620,530
Furniture, fixtures and equipment    
Real Estate Investments    
Furniture, fixtures and equipment 27,203 26,847
Construction in progress    
Real Estate Investments    
Construction in progress 1,686 1,376
Residential    
Real Estate Investments    
Real estate investments 571,187 557,309
Less accumulated depreciation (86,570) (76,404)
Real estate investments, net 484,617 480,905
Residential | Land and land improvements    
Real Estate Investments    
Land and land improvements 73,794 73,109
Residential | Building and improvements    
Real Estate Investments    
Building and improvements 470,141 457,443
Residential | Furniture, fixtures and equipment    
Real Estate Investments    
Furniture, fixtures and equipment 25,737 25,381
Residential | Construction in progress    
Real Estate Investments    
Construction in progress 1,515 1,376
Commercial    
Real Estate Investments    
Real estate investments 195,609 202,394
Less accumulated depreciation (36,686) (34,622)
Real estate investments, net 158,923 167,772
Commercial | Land and land improvements    
Real Estate Investments    
Land and land improvements 37,727 37,841
Commercial | Building and improvements    
Real Estate Investments    
Building and improvements 156,245 163,087
Commercial | Furniture, fixtures and equipment    
Real Estate Investments    
Furniture, fixtures and equipment 1,466 $ 1,466
Commercial | Construction in progress    
Real Estate Investments    
Construction in progress $ 171  
XML 55 R45.htm IDEA: XBRL DOCUMENT v3.10.0.1
Lease Intangibles - Schedule of Intangible Assets and Liabilities and Accumulated Amortization (Details) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Intangible Assets    
Lease Intangibles $ 24,925 $ 26,195
Accumulated Amortization (13,389) (12,932)
Total 11,536 13,263
Intangible Liabilities    
Below-market lease (3,089) (3,162)
Below-market lease, accumulated amortization 1,549 1,386
Below-market lease, net (1,540) (1,776)
In-place leases    
Intangible Assets    
Lease Intangibles 21,684 23,080
Accumulated Amortization (12,122) (11,797)
Total 9,562 11,283
Above-market leases    
Intangible Assets    
Lease Intangibles 3,241 3,115
Accumulated Amortization (1,267) (1,135)
Total $ 1,974 $ 1,980
XML 56 R46.htm IDEA: XBRL DOCUMENT v3.10.0.1
Lease Intangibles - Schedule of Estimated Aggregate Amortization Expense (Details) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Dec. 31, 2017
Intangible Assets    
2018 (October 1, 2018 to December 31, 2018) $ 515  
2019 1,884  
2020 1,459  
2021 1,163  
2022 1,028  
Thereafter 5,487  
Total 11,536 $ 13,263
Intangible Liabilities    
2018 (October 1, 2018 to December 31, 2018) 68  
2019 264  
2020 213  
2021 184  
2022 164  
Thereafter 647  
Total $ 1,540 $ 1,776
Amortization period 6 years 7 months 6 days  
XML 57 R47.htm IDEA: XBRL DOCUMENT v3.10.0.1
Lines of Credit - Additional Information (Details)
$ in Thousands
9 Months Ended
Sep. 30, 2018
USD ($)
Lines of Credit  
Line of credit outstanding $ 0
Unused line of credit 32,815
Wells Fargo Bank  
Lines of Credit  
Agreed line of credit $ 18,300
Expiration date Jun. 01, 2021
Wells Fargo Bank | 1-Month LIBOR  
Lines of Credit  
Variable interest rate of line of credit 2.25%
Bremer Bank Agreement One  
Lines of Credit  
Agreed line of credit $ 6,315
Expiration date Nov. 01, 2019
Bremer Bank Agreement One | Prime Rate  
Lines of Credit  
Basis reduction on variable rate (as a percent) 0.50%
Bremer Bank Agreement Two  
Lines of Credit  
Agreed line of credit $ 5,000
Expiration date Jun. 01, 2022
Bremer Bank Agreement Two | Floating LIBOR  
Lines of Credit  
Variable interest rate of line of credit 2.00%
Bank of the West  
Lines of Credit  
Agreed line of credit $ 3,200
Expiration date Nov. 01, 2020
Bank of the West | LIBOR  
Lines of Credit  
Variable interest rate of line of credit 2.04%
XML 58 R48.htm IDEA: XBRL DOCUMENT v3.10.0.1
Mortgage Notes Payable - Summary (Details)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2018
USD ($)
item
Dec. 31, 2017
USD ($)
item
MORTGAGE NOTES PAYABLE    
Long-term debt, gross $ 395,820  
Fixed rate mortgage notes payable | Mortgage Notes Payable    
MORTGAGE NOTES PAYABLE    
Long-term debt, gross 395,820 $ 397,567
Less unamortized debt issuance costs 2,343 2,724
Long-term debt, net 393,477 394,843
Debt swapped from variable to fixed rate $ 877 $ 913
Number of mortgage loans | item 121 122
Fixed rate mortgage notes payable | Mortgage Notes Payable | Minimum    
MORTGAGE NOTES PAYABLE    
Effective interest rate (as a percent) 3.44% 3.44%
Fixed rate mortgage notes payable | Mortgage Notes Payable | Maximum    
MORTGAGE NOTES PAYABLE    
Effective interest rate (as a percent) 7.25% 7.25%
Fixed rate mortgage notes payable | Mortgage Notes Payable | Weighted Average    
MORTGAGE NOTES PAYABLE    
Effective interest rate (as a percent) 4.41% 4.39%
XML 59 R49.htm IDEA: XBRL DOCUMENT v3.10.0.1
Mortgage Notes Payable - Scheduled Maturities of Mortgage Notes Payable (Details)
$ in Thousands
Sep. 30, 2018
USD ($)
MORTGAGE NOTES PAYABLE  
2018 (October 1, 2018 to December 31, 2018) $ 5,079
2019 25,513
2020 28,201
2021 46,148
2022 31,399
Thereafter 259,480
Total payments $ 395,820
XML 60 R50.htm IDEA: XBRL DOCUMENT v3.10.0.1
Hedging Activities - Additional Information (Details) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Hedging Activities    
Liability and other comprehensive loss $ 33 $ 65
Interest Rate Swap, April 2020    
Hedging Activities    
Interest rate swaps value $ 1,294  
Interest rate swaps percentage 7.25%  
XML 61 R51.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Measurement - Carrying Value and Estimated Fair Value of Company's Financial Instruments (Details) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Financial liabilities:    
Fair value of interest rate swaps $ 33 $ 65
Carrying Value    
Financial liabilities:    
Mortgage notes payable, net 393,477 394,843
Fair value of interest rate swaps 33 65
Fair Value    
Financial liabilities:    
Mortgage notes payable, net 385,109 396,261
Fair value of interest rate swaps $ 33 $ 65
XML 62 R52.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Measurement - Schedule of Fair Value of Assets on Recurring Basis (Details) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Fair Value Measurements    
Fair value of interest rate swaps $ 33 $ 65
Recurring    
Fair Value Measurements    
Fair value of interest rate swaps 33 65
Recurring | Level 2    
Fair Value Measurements    
Fair value of interest rate swaps $ 33 $ 65
XML 63 R53.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Measurement - Fair Value of Company's Financial Assets and Liabilities (Details) - Fair Value - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Fair Value Measurements    
Fair value of mortgage notes payable $ 385,109 $ 396,261
Level 3    
Fair Value Measurements    
Fair value of mortgage notes payable $ 385,109 $ 396,261
XML 64 R54.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Measurement - Additional Information (Details)
9 Months Ended 12 Months Ended
Sep. 30, 2018
Dec. 31, 2017
Minimum    
Fair Value Disclosures    
Discount rates used to estimate fair value of mortgages and notes payable 4.92% 4.20%
Maximum    
Fair Value Disclosures    
Discount rates used to estimate fair value of mortgages and notes payable 4.97% 4.52%
XML 65 R55.htm IDEA: XBRL DOCUMENT v3.10.0.1
Noncontrolling Interest of Unitholders in Operating Partnership - Additional Information (Details)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
USD ($)
shares
Sep. 30, 2017
USD ($)
Sep. 30, 2018
item
$ / shares
shares
Sep. 30, 2017
USD ($)
$ / shares
shares
Dec. 31, 2017
shares
Noncontrolling Interest          
Distributions per unit | $ / shares     $ 0.763125 $ 0.7425  
Maximum          
Noncontrolling Interest          
Number of permitted exchange requests in a calendar year | item     2    
Limited Partnership          
Noncontrolling Interest          
Total units 17,574,000   17,574,000   17,517,000
Units converted by limited partners into common shares     0 8,000  
Total units       8,000  
Common shares value | $       $ 133  
Limited Partnership | Minimum          
Noncontrolling Interest          
Number of units which can be redeemed in single redemption     1,000    
Operating Partnership          
Noncontrolling Interest          
Declared distributions | $ $ 4,470 $ 4,336      
XML 66 R56.htm IDEA: XBRL DOCUMENT v3.10.0.1
Redemption Plans - Additional Information (Details) - USD ($)
$ / shares in Units, $ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Redemption plans    
Redemption price of securities $ 17.50  
Redemption of shares, value $ 2,167  
Redemption Plans    
Redemption plans    
Amount of securities redemption $ 35,000  
Redemption of shares 63,000 41,000
Redemption of shares, value $ 1,099 $ 634
Additional redemption of units 61,000 58,000
Additional redemption of units, value $ 1,068 $ 896
XML 67 R57.htm IDEA: XBRL DOCUMENT v3.10.0.1
Beneficial Interest - Additional Information (Details) - $ / shares
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Beneficial Interest      
Common shares, outstanding 8,837,000   8,488,000
Preferred shares, outstanding 0   0
Dividends paid $ 0.763125 $ 0.7425  
Total Beneficial Interest      
Beneficial Interest      
Common shares, authorized 100,000,000    
Common shares, par value $ 0.01    
Preferred shares, authorized 50,000,000    
Preferred shares, par value $ 0.01    
XML 68 R58.htm IDEA: XBRL DOCUMENT v3.10.0.1
Dividend Reinvestment Plan - Additional Information (Details) - USD ($)
$ / shares in Units, $ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Jul. 11, 2017
Jul. 20, 2012
DIVIDEND REINVESTMENT PLAN          
Common shares to be issued       2,000,000 2,000,000
Minimum percentage of cash dividends 25.00%        
Maximum additional cash purchase of common shares per fiscal quarter $ 10        
Percentage estimated value for dividend reinvestments 95.00%        
Percentage estimated value for additional optional cash purchases 100.00%        
Maximum value of common shares that may be purchased or received via transfer by participants under the dividend reivestment plan $ 40        
Estimated value per common share $ 18.50   $ 16.50    
Purchase price per common share for dividend reinvestments 17.58   15.680    
Purchase price per common share additional optional cash purchases $ 18.50   $ 16.50    
Notice period to participants 10 days        
Shares issued pursuant to dividend reinvestments 243,000 247,000      
Shares were issued pursuant to additional optional cash purchases under the plan 166,000 134,000      
XML 69 R59.htm IDEA: XBRL DOCUMENT v3.10.0.1
Related Party Transactions - Property Management and Board of Trustee Fees (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Related Party Transactions          
Trustee fees $ 19 $ 12 $ 53 $ 44  
Unpaid board of trustee fees $ 19   $ 19   $ 23
GOLDMARK Property Management          
Related Party Transactions          
Property management fee, percent fee     5.00% 5.00%  
Management fee, amount paid     $ 8,934 $ 8,510  
Repair and maintenance related payroll and payroll related expenses     $ 3,921 $ 3,808  
Board Chairman - Board Meeting          
Related Party Transactions          
Shares received by board members per meeting     105    
Trustee - Board Meeting          
Related Party Transactions          
Shares received by board members per meeting     75    
Committee Chair – Committee Meeting          
Related Party Transactions          
Shares received by board members per meeting     30    
Trustee – Committee Meeting          
Related Party Transactions          
Shares received by board members per meeting     30    
XML 70 R60.htm IDEA: XBRL DOCUMENT v3.10.0.1
Related Party Transactions - Advisory Agreement and Other (Details)
$ / item in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
USD ($)
Sep. 30, 2017
USD ($)
Sep. 30, 2018
USD ($)
employee
$ / item
shares
Sep. 30, 2017
USD ($)
shares
Dec. 31, 2017
USD ($)
item
Related Party Transactions          
Number of paid employees | employee     0    
Management fee percentage of total assets     0.35%    
Maximum management fee payable in cash or common shares     not to exceed one-twelfth of 0.35% of the total assets    
Advisory management fees $ 727,000 $ 714,000 $ 2,167,000 $ 2,114,000  
Rental Income 27,790,000 $ 27,088,000 $ 83,175,000 80,606,000  
Advisory Agreement          
Related Party Transactions          
Business acquisition purchase price allocation acquisition fees percentage     2.50%    
Advisory disposition fee for sale of investments     2.50%    
Advisory disposition fee sale of cap amount | $ / item     375    
Financing fee percentage     0.25%    
Finance fee capped per loan     $ 38,000    
Advisory Agreement | Minimum          
Related Party Transactions          
Development fee percentage     3.00%    
Advisory Agreement | Maximum          
Related Party Transactions          
Criteria acquisition fees | $ / item     375    
Acquisition fees and expenses net percentage     6.00%    
Development fee percentage     5.00%    
Advisory Agreement | 0 – 10M          
Related Party Transactions          
Development fee percentage     5.00%    
Formula     0M – 5.0% x (TC – 0M)    
Advisory Agreement | 0 – 10M | Minimum          
Related Party Transactions          
Total Cost     $ 0    
Range of Fee     0    
Advisory Agreement | 0 – 10M | Maximum          
Related Party Transactions          
Total Cost     10,000,000    
Range of Fee     $ 500,000    
Advisory Agreement | 10M - 20M          
Related Party Transactions          
Development fee percentage     4.50%    
Formula     .50M – 4.5% x (TC – 10M)    
Advisory Agreement | 10M - 20M | Minimum          
Related Party Transactions          
Total Cost     $ 10,000,000    
Range of Fee     500,000    
Advisory Agreement | 10M - 20M | Maximum          
Related Party Transactions          
Total Cost     20,000,000    
Range of Fee     $ 950,000    
Advisory Agreement | 20M – 30M          
Related Party Transactions          
Development fee percentage     4.00%    
Formula     .95M – 4.0% x (TC – 20M)    
Advisory Agreement | 20M – 30M | Minimum          
Related Party Transactions          
Total Cost     $ 20,000,000    
Range of Fee     950,000    
Advisory Agreement | 20M – 30M | Maximum          
Related Party Transactions          
Total Cost     30,000,000    
Range of Fee     $ 1,350,000    
Advisory Agreement | 30M – 40M          
Related Party Transactions          
Development fee percentage     3.50%    
Formula     1.35M – 3.5% x (TC – 30M)    
Advisory Agreement | 30M – 40M | Minimum          
Related Party Transactions          
Total Cost     $ 30,000,000    
Range of Fee     1,350,000    
Advisory Agreement | 30M – 40M | Maximum          
Related Party Transactions          
Total Cost     40,000,000    
Range of Fee     $ 1,700,000    
Advisory Agreement | 40M – 50M          
Related Party Transactions          
Development fee percentage     3.00%    
Formula     1.70M – 3.0% x (TC – 40M)    
Advisory Agreement | 40M – 50M | Minimum          
Related Party Transactions          
Total Cost     $ 40,000,000    
Range of Fee     1,700,000    
Advisory Agreement | 40M – 50M | Maximum          
Related Party Transactions          
Total Cost     50,000,000    
Range of Fee     2,000,000    
Sterling Management, LLC          
Related Party Transactions          
Advisory management fees     2,167,000 2,114,000  
Advisory management fees outstanding 244,000   244,000   $ 238,000
Advisory management fees for operating costs     23,000 11,000  
Unpaid reimbursable operating costs owed to Advisor 6,000   6,000   0
Acquisition fees     205,000 655,000  
Acquisition fees outstanding 91,000   91,000   0
Financing fees for loan financing and refinancing activities     61,000 97,000  
Financing fees for loan financing and refinancing outstanding 8,000   8,000   0
Disposition fees     130,000 110,000  
Disposition fees outstanding 0   0   0
Development fee     0 235,000  
Development fees Outstanding 104,000   104,000   104,000
Development fees hold back outstanding     10    
Rental Income     172,000 166,000  
GOLDMARK Property Management          
Related Party Transactions          
Rental Income     41,000 41,000  
GOLDMARK SCHLOSSMAN Commercial Real Estate Services          
Related Party Transactions          
Real estate commissions     21,000 549,000  
Real estate commissions outstanding 0   0   0
Rental Income     $ 37,000 $ 34,000  
Entity Affiliated With Messrs Regan and Wieland          
Related Party Transactions          
Number of operating partnership (OP) units issued in connection with the acquisition of various properties | shares     42,000 402,000  
Value of operating partnership (OP) units issued in connection with the acquisition of various properties     $ 773,000 $ 6,425,000  
Goldmark Development          
Related Party Transactions          
Construction costs incurred to date $ 0   $ 0   $ 8,997,000
Number of two-story townhomes under construction | item         6
XML 71 R61.htm IDEA: XBRL DOCUMENT v3.10.0.1
Dispositions - Additional Information (Details)
$ in Thousands
1 Months Ended 9 Months Ended
Jul. 31, 2018
USD ($)
item
Apr. 30, 2018
USD ($)
Sep. 30, 2018
USD ($)
item
Sep. 30, 2017
USD ($)
Dispositions        
Number of dispositions | item     3  
Gain on sale of real estate     $ 4,298 $ 2,072
Industrial Property, Redwood Falls, MN | Disposed of by Sale        
Dispositions        
Property sold   $ 5,200    
Gain on sale of real estate   $ 1,084    
Retail Property, Austin, TX | Disposed of by Sale        
Dispositions        
Property sold $ 3,615      
Gain on sale of real estate $ 1,452      
Office Property, Bismarck, ND | Disposed of by Sale        
Dispositions        
Number of dispositions | item 1      
Property sold $ 4,250      
Gain on sale of real estate $ 1,762      
XML 72 R62.htm IDEA: XBRL DOCUMENT v3.10.0.1
Acquisitions - Purchases, Current Year (Details)
$ / shares in Units, $ in Thousands
9 Months Ended
Sep. 17, 2018
USD ($)
ft²
Sep. 01, 2018
USD ($)
item
Mar. 01, 2018
USD ($)
item
Sep. 30, 2018
USD ($)
$ / shares
shares
Sep. 30, 2017
USD ($)
$ / shares
shares
ACQUISITIONS          
Acquisition price       $ 8,090 $ 20,111
Prorata Acquisition Price       8,090 20,111
Capitalized closing costs and adjustments       $ 236 $ 158
Aggregate number of limited partnership units issued for acquisition | shares       118,000 603,000
Price per limited partnership unit issued for acquisition, price one | $ / shares       $ 18.50 $ 16.00
Aggregate value of limited partnership units issued for acquisition       $ 2,176 $ 9,651
1031 tax-deferred exchange funds       3,004 4,278
Assumed liabilities       71  
Consideration in cash to pay for acquisitions       $ 3,075 $ 3,635
Thunder Creek Apartments, Fargo, ND          
ACQUISITIONS          
Units acquired | item     57    
Acquisition price     $ 4,460    
Prorata Acquisition Price     $ 4,460    
Chandler 1834, Grand Forks, ND          
ACQUISITIONS          
Units acquired | item   12      
Acquisition price   $ 630      
Prorata Acquisition Price   $ 630      
Dairy Queen, Apple Valley, MN          
ACQUISITIONS          
Area of the property purchased | ft² 5,348        
Acquisition price $ 3,000        
Prorata Acquisition Price $ 3,000        
XML 73 R63.htm IDEA: XBRL DOCUMENT v3.10.0.1
Acquisitions - Purchases, Prior Year (Details)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 03, 2017
USD ($)
item
Jun. 01, 2017
USD ($)
item
May 01, 2017
USD ($)
item
Jan. 17, 2017
USD ($)
item
Jan. 11, 2017
USD ($)
item
Jan. 10, 2017
USD ($)
item
Jun. 30, 2017
USD ($)
Sep. 30, 2018
USD ($)
$ / shares
shares
Sep. 30, 2017
USD ($)
$ / shares
shares
ACQUISITIONS                  
Acquisition price               $ 8,090 $ 20,111
Prorata Acquisition Price               8,090 20,111
Capitalized closing costs and adjustments               $ 236 $ 158
Aggregate number of limited partnership units issued for acquisition | shares               118,000 603,000
Price per limited partnership unit issued for acquisition, price one | $ / shares               $ 18.50 $ 16.00
Aggregate value of limited partnership units issued for acquisition               $ 2,176 $ 9,651
1031 tax-deferred exchange funds               $ 3,004 4,278
New loans issued to finance acquisition                 2,392
Assumed liabilities                 72
Gain on change in control of real estate investments                 $ 2,186
Sargent Apartments, Fargo ND                  
ACQUISITIONS                  
Units acquired | item           36      
Acquisition price           $ 1,710      
Prorata Acquisition Price           $ 1,710      
Arrowhead, Grand Forks, ND                  
ACQUISITIONS                  
Units acquired | item         82        
Acquisition price         $ 5,494        
Prorata Acquisition Price         $ 5,494        
West Oak Apartments, Fargo, ND                  
ACQUISITIONS                  
Units acquired | item       18          
Acquisition price       $ 777          
Prorata Acquisition Price       $ 777          
Carr Apartments, Fargo, ND                  
ACQUISITIONS                  
Units acquired | item       18          
Acquisition price       $ 828          
Prorata Acquisition Price       $ 828          
Plumtree Apartments, Fargo, ND                  
ACQUISITIONS                  
Units acquired | item     18            
Acquisition price     $ 907            
Prorata Acquisition Price     $ 907            
Sunchase Apartments, Fargo, ND                  
ACQUISITIONS                  
Units acquired | item     36            
Acquisition price     $ 1,765            
Prorata Acquisition Price     1,765            
Essex Apartments, Fargo, ND                  
ACQUISITIONS                  
Units acquired | item   18              
Acquisition price   $ 858              
Prorata Acquisition Price   $ 858              
Jadestone Apartments, Fargo, ND                  
ACQUISITIONS                  
Units acquired | item   18              
Acquisition price   $ 809              
Prorata Acquisition Price   $ 809              
Park Circle Apartments, Fargo, ND                  
ACQUISITIONS                  
Units acquired | item   18              
Acquisition price   $ 903              
Prorata Acquisition Price   $ 903              
Eagle Bridge Apartments, Fargo, ND                  
ACQUISITIONS                  
Units acquired | item 58                
Acquisition price $ 6,060                
Prorata Acquisition Price $ 6,060                
Single Asset Limited Liability Company - owns apartment complex, Bismarck, North Dakota                  
ACQUISITIONS                  
Acquisition price     6,022            
Aggregate value of limited partnership units issued for acquisition     4,727            
Total loan used to finance the acquisition, including new financing and assumed loans     2,167            
New loans issued to finance acquisition     872            
Assumed loans     $ 1,295            
Percentage of interest acquired     59.74%            
Fair value of property     $ 10,080            
Gain on change in control of real estate investments             $ 2,186    
XML 74 R64.htm IDEA: XBRL DOCUMENT v3.10.0.1
Acquisitions - Summary of Acquisition Date Fair Values (Details) - USD ($)
$ / shares in Units, $ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Jan. 01, 2018
Mar. 29, 2017
Acquisition date fair values        
Net cash consideration $ 3,075 $ 3,635    
Price per limited partnership unit issued for acquisition     $ 18.50 $ 16.50
Nonrecurring        
Acquisition date fair values        
Land, building, tenant improvements and FF&E 8,326 20,111    
Other liabilities (71) (72)    
Net assets acquired 8,255 20,039    
Equity/limited partnership unit consideration (2,176) (9,651)    
Restricted cash proceeds related to IRC Section 1031 tax-deferred exchange (3,004) (4,278)    
New loans   (2,392)    
Net cash consideration $ 3,075 $ 3,718    
XML 75 R65.htm IDEA: XBRL DOCUMENT v3.10.0.1
Subsequent Events - Additional Information (Details)
$ / shares in Units, $ in Thousands
9 Months Ended
Nov. 01, 2018
USD ($)
item
Oct. 24, 2018
USD ($)
item
Oct. 15, 2018
$ / shares
Oct. 01, 2018
USD ($)
item
Sep. 30, 2018
USD ($)
$ / shares
Sep. 30, 2017
USD ($)
$ / shares
Subsequent Events            
Dividend or distribution paid | $ / shares         $ 0.763125 $ 0.7425
Acquisition price         $ 8,090 $ 20,111
Subsequent Event            
Subsequent Events            
Dividend or distribution paid | $ / shares     $ 0.254375      
Specific Apartment Complex, 30 Unit, Fargo, ND | Subsequent Event            
Subsequent Events            
Number of apartment units acquired | item       30    
Acquisition price       $ 1,350    
Specific Apartment Complex, 96 Unit, Bismarck, ND | Subsequent Event            
Subsequent Events            
Number of apartment units acquired | item   96        
Acquisition price   $ 5,826        
Specific Apartment Complex, 173 Unit, Omaha, NE | Subsequent Event            
Subsequent Events            
Number of apartment units acquired | item 173          
Acquisition price $ 11,170          
Specific Apartment Complex, 31 Unit, Fargo, ND | Subsequent Event            
Subsequent Events            
Number of apartment units acquired | item 31          
Acquisition price $ 1,054          
Specific Apartment Complex, 17 Unit, Fargo, ND | Subsequent Event            
Subsequent Events            
Number of apartment units acquired | item 17          
Acquisition price $ 714          
EXCEL 76 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end
XML 77 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 78 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 80 FilingSummary.xml IDEA: XBRL DOCUMENT 3.10.0.1 html 228 374 1 false 103 0 false 10 false false R1.htm 00090 - Document - Document and Entity Information Sheet http://www.inreit.com/role/DocumentDocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00100 - Statement - CONSOLIDATED BALANCE SHEETS Sheet http://www.inreit.com/role/StatementConsolidatedBalanceSheets CONSOLIDATED BALANCE SHEETS Statements 2 false false R3.htm 00105 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical) Sheet http://www.inreit.com/role/StatementConsolidatedBalanceSheetsParenthetical CONSOLIDATED BALANCE SHEETS (Parenthetical) Statements 3 false false R4.htm 00200 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME Sheet http://www.inreit.com/role/StatementConsolidatedStatementsOfOperationsAndOtherComprehensiveIncome CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME Statements 4 false false R5.htm 00300 - Statement - CONSOLIDATED STATEMENT OF SHAREHOLDERS EQUITY Sheet http://www.inreit.com/role/StatementConsolidatedStatementOfShareholdersEquity CONSOLIDATED STATEMENT OF SHAREHOLDERS EQUITY Statements 5 false false R6.htm 00400 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS Sheet http://www.inreit.com/role/StatementConsolidatedStatementsOfCashFlows CONSOLIDATED STATEMENTS OF CASH FLOWS Statements 6 false false R7.htm 00405 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS - Supplemental Disclosures Sheet http://www.inreit.com/role/StatementConsolidatedStatementsOfCashFlowsSupplementalDisclosures CONSOLIDATED STATEMENTS OF CASH FLOWS - Supplemental Disclosures Statements 7 false false R8.htm 10101 - Disclosure - ORGANIZATION Sheet http://www.inreit.com/role/DisclosureOrganization ORGANIZATION Notes 8 false false R9.htm 10201 - Disclosure - PRINCIPAL ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES Sheet http://www.inreit.com/role/DisclosurePrincipalActivityAndSignificantAccountingPolicies PRINCIPAL ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES Notes 9 false false R10.htm 10301 - Disclosure - SEGMENT REPORTING Sheet http://www.inreit.com/role/DisclosureSegmentReporting SEGMENT REPORTING Notes 10 false false R11.htm 10401 - Disclosure - REAL ESTATE INVESTMENTS Sheet http://www.inreit.com/role/DisclosureRealEstateInvestments REAL ESTATE INVESTMENTS Notes 11 false false R12.htm 10501 - Disclosure - LEASE INTANGIBLES Sheet http://www.inreit.com/role/DisclosureLeaseIntangibles LEASE INTANGIBLES Notes 12 false false R13.htm 10601 - Disclosure - LINES OF CREDIT Sheet http://www.inreit.com/role/DisclosureLinesOfCredit LINES OF CREDIT Notes 13 false false R14.htm 10701 - Disclosure - MORTGAGE NOTES PAYABLE Notes http://www.inreit.com/role/DisclosureMortgageNotesPayable MORTGAGE NOTES PAYABLE Notes 14 false false R15.htm 10801 - Disclosure - HEDGING ACTIVITIES Sheet http://www.inreit.com/role/DisclosureHedgingActivities HEDGING ACTIVITIES Notes 15 false false R16.htm 10901 - Disclosure - FAIR VALUE MEASUREMENT Sheet http://www.inreit.com/role/DisclosureFairValueMeasurement FAIR VALUE MEASUREMENT Notes 16 false false R17.htm 11001 - Disclosure - NONCONTROLLING INTEREST OF UNITHOLDERS IN OPERATING PARTNERSHIP Sheet http://www.inreit.com/role/DisclosureNoncontrollingInterestOfUnitholdersInOperatingPartnership NONCONTROLLING INTEREST OF UNITHOLDERS IN OPERATING PARTNERSHIP Notes 17 false false R18.htm 11101 - Disclosure - REDEMPTION PLANS Sheet http://www.inreit.com/role/DisclosureRedemptionPlans REDEMPTION PLANS Notes 18 false false R19.htm 11201 - Disclosure - BENEFICIAL INTEREST Sheet http://www.inreit.com/role/DisclosureBeneficialInterest BENEFICIAL INTEREST Notes 19 false false R20.htm 11301 - Disclosure - DIVIDEND REINVESTMENT PLAN Sheet http://www.inreit.com/role/DisclosureDividendReinvestmentPlan DIVIDEND REINVESTMENT PLAN Notes 20 false false R21.htm 11401 - Disclosure - RELATED PARTY TRANSACTIONS Sheet http://www.inreit.com/role/DisclosureRelatedPartyTransactions RELATED PARTY TRANSACTIONS Notes 21 false false R22.htm 11501 - Disclosure - COMMITMENTS AND CONTINGENCIES Sheet http://www.inreit.com/role/DisclosureCommitmentsAndContingencies COMMITMENTS AND CONTINGENCIES Notes 22 false false R23.htm 11601 - Disclosure - DISPOSITIONS Sheet http://www.inreit.com/role/DisclosureDispositions DISPOSITIONS Notes 23 false false R24.htm 11701 - Disclosure - ACQUISITIONS Sheet http://www.inreit.com/role/DisclosureAcquisitions ACQUISITIONS Notes 24 false false R25.htm 11801 - Disclosure - SUBSEQUENT EVENTS Sheet http://www.inreit.com/role/DisclosureSubsequentEvents SUBSEQUENT EVENTS Notes 25 false false R26.htm 20202 - Disclosure - PRINCIPAL ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Policies) Sheet http://www.inreit.com/role/DisclosurePrincipalActivityAndSignificantAccountingPoliciesPolicies PRINCIPAL ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Policies) Policies 26 false false R27.htm 30203 - Disclosure - PRINCIPAL ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Tables) Sheet http://www.inreit.com/role/DisclosurePrincipalActivityAndSignificantAccountingPoliciesTables PRINCIPAL ACTIVITY AND SIGNIFICANT ACCOUNTING POLICIES (Tables) Tables http://www.inreit.com/role/DisclosurePrincipalActivityAndSignificantAccountingPolicies 27 false false R28.htm 30303 - Disclosure - SEGMENT REPORTING (Tables) Sheet http://www.inreit.com/role/DisclosureSegmentReportingTables SEGMENT REPORTING (Tables) Tables http://www.inreit.com/role/DisclosureSegmentReporting 28 false false R29.htm 30403 - Disclosure - REAL ESTATE INVESTMENTS (Tables) Sheet http://www.inreit.com/role/DisclosureRealEstateInvestmentsTables REAL ESTATE INVESTMENTS (Tables) Tables http://www.inreit.com/role/DisclosureRealEstateInvestments 29 false false R30.htm 30503 - Disclosure - LEASE INTANGIBLES (Tables) Sheet http://www.inreit.com/role/DisclosureLeaseIntangiblesTables LEASE INTANGIBLES (Tables) Tables http://www.inreit.com/role/DisclosureLeaseIntangibles 30 false false R31.htm 30703 - Disclosure - MORTGAGE NOTES PAYABLE (Tables) Notes http://www.inreit.com/role/DisclosureMortgageNotesPayableTables MORTGAGE NOTES PAYABLE (Tables) Tables http://www.inreit.com/role/DisclosureMortgageNotesPayable 31 false false R32.htm 30903 - Disclosure - FAIR VALUE MEASUREMENT (Tables) Sheet http://www.inreit.com/role/DisclosureFairValueMeasurementTables FAIR VALUE MEASUREMENT (Tables) Tables http://www.inreit.com/role/DisclosureFairValueMeasurement 32 false false R33.htm 31403 - Disclosure - RELATED PARTY TRANSACTIONS (Tables) Sheet http://www.inreit.com/role/DisclosureRelatedPartyTransactionsTables RELATED PARTY TRANSACTIONS (Tables) Tables http://www.inreit.com/role/DisclosureRelatedPartyTransactions 33 false false R34.htm 31703 - Disclosure - ACQUISITIONS (Tables) Sheet http://www.inreit.com/role/DisclosureAcquisitionsTables ACQUISITIONS (Tables) Tables http://www.inreit.com/role/DisclosureAcquisitions 34 false false R35.htm 40101 - Disclosure - Organization - Additional Information (Details) Sheet http://www.inreit.com/role/DisclosureOrganizationAdditionalInformationDetails Organization - Additional Information (Details) Details 35 false false R36.htm 40201 - Disclosure - Principal Activity and Significant Accounting Policies - Principal Business Activity (Details) Sheet http://www.inreit.com/role/DisclosurePrincipalActivityAndSignificantAccountingPoliciesPrincipalBusinessActivityDetails Principal Activity and Significant Accounting Policies - Principal Business Activity (Details) Details 36 false false R37.htm 40202 - Disclosure - Principal Activity and Significant Accounting Policies - Real Estate Investments (Details) Sheet http://www.inreit.com/role/DisclosurePrincipalActivityAndSignificantAccountingPoliciesRealEstateInvestmentsDetails Principal Activity and Significant Accounting Policies - Real Estate Investments (Details) Details 37 false false R38.htm 40203 - Disclosure - Principal Activity and Significant Accounting Policies - Held for Sale and Unconsolidated Affiliates (Details) Sheet http://www.inreit.com/role/DisclosurePrincipalActivityAndSignificantAccountingPoliciesHeldForSaleAndUnconsolidatedAffiliatesDetails Principal Activity and Significant Accounting Policies - Held for Sale and Unconsolidated Affiliates (Details) Details 38 false false R39.htm 40204 - Disclosure - Principal Activity and Significant Accounting Policies - Other (Details) Sheet http://www.inreit.com/role/DisclosurePrincipalActivityAndSignificantAccountingPoliciesOtherDetails Principal Activity and Significant Accounting Policies - Other (Details) Details 39 false false R40.htm 40205 - Disclosure - Principal Activity and Significant Accounting Policies - Recent Accounting Pronouncements (Details) Sheet http://www.inreit.com/role/DisclosurePrincipalActivityAndSignificantAccountingPoliciesRecentAccountingPronouncementsDetails Principal Activity and Significant Accounting Policies - Recent Accounting Pronouncements (Details) Details 40 false false R41.htm 40301 - Disclosure - Segment Reporting - Additional Information (Details) Sheet http://www.inreit.com/role/DisclosureSegmentReportingAdditionalInformationDetails Segment Reporting - Additional Information (Details) Details 41 false false R42.htm 40302 - Disclosure - Segment Reporting - Summary of Segment Revenues and Net Operating Income (Details) Sheet http://www.inreit.com/role/DisclosureSegmentReportingSummaryOfSegmentRevenuesAndNetOperatingIncomeDetails Segment Reporting - Summary of Segment Revenues and Net Operating Income (Details) Details 42 false false R43.htm 40303 - Disclosure - Segment Reporting - Summary of Segment Assets and Accumulated Depreciation (Details) Sheet http://www.inreit.com/role/DisclosureSegmentReportingSummaryOfSegmentAssetsAndAccumulatedDepreciationDetails Segment Reporting - Summary of Segment Assets and Accumulated Depreciation (Details) Details 43 false false R44.htm 40401 - Disclosure - Real Estate Investments - Summary of Real Estate Investments (Details) Sheet http://www.inreit.com/role/DisclosureRealEstateInvestmentsSummaryOfRealEstateInvestmentsDetails Real Estate Investments - Summary of Real Estate Investments (Details) Details 44 false false R45.htm 40501 - Disclosure - Lease Intangibles - Schedule of Intangible Assets and Liabilities and Accumulated Amortization (Details) Sheet http://www.inreit.com/role/DisclosureLeaseIntangiblesScheduleOfIntangibleAssetsAndLiabilitiesAndAccumulatedAmortizationDetails Lease Intangibles - Schedule of Intangible Assets and Liabilities and Accumulated Amortization (Details) Details 45 false false R46.htm 40502 - Disclosure - Lease Intangibles - Schedule of Estimated Aggregate Amortization Expense (Details) Sheet http://www.inreit.com/role/DisclosureLeaseIntangiblesScheduleOfEstimatedAggregateAmortizationExpenseDetails Lease Intangibles - Schedule of Estimated Aggregate Amortization Expense (Details) Details 46 false false R47.htm 40601 - Disclosure - Lines of Credit - Additional Information (Details) Sheet http://www.inreit.com/role/DisclosureLinesOfCreditAdditionalInformationDetails Lines of Credit - Additional Information (Details) Details 47 false false R48.htm 40701 - Disclosure - Mortgage Notes Payable - Summary (Details) Notes http://www.inreit.com/role/DisclosureMortgageNotesPayableSummaryDetails Mortgage Notes Payable - Summary (Details) Details 48 false false R49.htm 40702 - Disclosure - Mortgage Notes Payable - Scheduled Maturities of Mortgage Notes Payable (Details) Notes http://www.inreit.com/role/DisclosureMortgageNotesPayableScheduledMaturitiesOfMortgageNotesPayableDetails Mortgage Notes Payable - Scheduled Maturities of Mortgage Notes Payable (Details) Details 49 false false R50.htm 40801 - Disclosure - Hedging Activities - Additional Information (Details) Sheet http://www.inreit.com/role/DisclosureHedgingActivitiesAdditionalInformationDetails Hedging Activities - Additional Information (Details) Details 50 false false R51.htm 40901 - Disclosure - Fair Value Measurement - Carrying Value and Estimated Fair Value of Company's Financial Instruments (Details) Sheet http://www.inreit.com/role/DisclosureFairValueMeasurementCarryingValueAndEstimatedFairValueOfCompanySFinancialInstrumentsDetails Fair Value Measurement - Carrying Value and Estimated Fair Value of Company's Financial Instruments (Details) Details 51 false false R52.htm 40902 - Disclosure - Fair Value Measurement - Schedule of Fair Value of Assets on Recurring Basis (Details) Sheet http://www.inreit.com/role/DisclosureFairValueMeasurementScheduleOfFairValueOfAssetsOnRecurringBasisDetails Fair Value Measurement - Schedule of Fair Value of Assets on Recurring Basis (Details) Details 52 false false R53.htm 40903 - Disclosure - Fair Value Measurement - Fair Value of Company's Financial Assets and Liabilities (Details) Sheet http://www.inreit.com/role/DisclosureFairValueMeasurementFairValueOfCompanySFinancialAssetsAndLiabilitiesDetails Fair Value Measurement - Fair Value of Company's Financial Assets and Liabilities (Details) Details 53 false false R54.htm 40904 - Disclosure - Fair Value Measurement - Additional Information (Details) Sheet http://www.inreit.com/role/DisclosureFairValueMeasurementAdditionalInformationDetails Fair Value Measurement - Additional Information (Details) Details 54 false false R55.htm 41001 - Disclosure - Noncontrolling Interest of Unitholders in Operating Partnership - Additional Information (Details) Sheet http://www.inreit.com/role/DisclosureNoncontrollingInterestOfUnitholdersInOperatingPartnershipAdditionalInformationDetails Noncontrolling Interest of Unitholders in Operating Partnership - Additional Information (Details) Details 55 false false R56.htm 41101 - Disclosure - Redemption Plans - Additional Information (Details) Sheet http://www.inreit.com/role/DisclosureRedemptionPlansAdditionalInformationDetails Redemption Plans - Additional Information (Details) Details 56 false false R57.htm 41201 - Disclosure - Beneficial Interest - Additional Information (Details) Sheet http://www.inreit.com/role/DisclosureBeneficialInterestAdditionalInformationDetails Beneficial Interest - Additional Information (Details) Details 57 false false R58.htm 41301 - Disclosure - Dividend Reinvestment Plan - Additional Information (Details) Sheet http://www.inreit.com/role/DisclosureDividendReinvestmentPlanAdditionalInformationDetails Dividend Reinvestment Plan - Additional Information (Details) Details 58 false false R59.htm 41401 - Disclosure - Related Party Transactions - Property Management and Board of Trustee Fees (Details) Sheet http://www.inreit.com/role/DisclosureRelatedPartyTransactionsPropertyManagementAndBoardOfTrusteeFeesDetails Related Party Transactions - Property Management and Board of Trustee Fees (Details) Details 59 false false R60.htm 41402 - Disclosure - Related Party Transactions - Advisory Agreement and Other (Details) Sheet http://www.inreit.com/role/DisclosureRelatedPartyTransactionsAdvisoryAgreementAndOtherDetails Related Party Transactions - Advisory Agreement and Other (Details) Details 60 false false R61.htm 41601 - Disclosure - Dispositions - Additional Information (Details) Sheet http://www.inreit.com/role/DisclosureDispositionsAdditionalInformationDetails Dispositions - Additional Information (Details) Details 61 false false R62.htm 41701 - Disclosure - Acquisitions - Purchases, Current Year (Details) Sheet http://www.inreit.com/role/DisclosureAcquisitionsPurchasesCurrentYearDetails Acquisitions - Purchases, Current Year (Details) Details 62 false false R63.htm 41702 - Disclosure - Acquisitions - Purchases, Prior Year (Details) Sheet http://www.inreit.com/role/DisclosureAcquisitionsPurchasesPriorYearDetails Acquisitions - Purchases, Prior Year (Details) Details 63 false false R64.htm 41703 - Disclosure - Acquisitions - Summary of Acquisition Date Fair Values (Details) Sheet http://www.inreit.com/role/DisclosureAcquisitionsSummaryOfAcquisitionDateFairValuesDetails Acquisitions - Summary of Acquisition Date Fair Values (Details) Details 64 false false R65.htm 41801 - Disclosure - Subsequent Events - Additional Information (Details) Sheet http://www.inreit.com/role/DisclosureSubsequentEventsAdditionalInformationDetails Subsequent Events - Additional Information (Details) Details 65 false false All Reports Book All Reports sret-20180930.xml sret-20180930.xsd sret-20180930_cal.xml sret-20180930_def.xml sret-20180930_lab.xml sret-20180930_pre.xml http://fasb.org/us-gaap/2017-01-31 http://xbrl.sec.gov/dei/2014-01-31 http://xbrl.sec.gov/stpr/2011-01-31 http://xbrl.sec.gov/invest/2013-01-31 true true ZIP 82 0001558370-18-008956-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001558370-18-008956-xbrl.zip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

XCRR_-W4M46E[C=YDV$5OZ_J,2L0\/7%V[]3N3"RC=[CN[GK,HNV"+..&+\"6: MQLEP C+QU4L"3 MQUI6E[-=L]0O@[([Z+B80:E-!J7L) K55^O@1Y <%([3D7LD^1!2R\B-8')B M!_8;A5C%3Y2?OQB I>SA#$RAR]F*6&1S_Q-IUR_LT7& MYA.6D*YM$9X0\RSYV\@(*'^RY._@U5!1_HXM?\.=Y _U&-1C6KA0IRAN+#=^ MUR)2R_:0M8C4"" G)+5<-WN+2"T[DZA%I$8 00W$/%++SAYJ$:D10$X)(*HU MPS&5U+(SAEI$:@00-&',(S7Z0!! 3"0U:B"G,V$00%2HU7Z,:)JW877/714!X5W:^'E)119 MXJ'LHNSN(;NC3@\S#^5E'L89BBV*[5Y;[J$7&,46]6447A1>TX47]664W>?H MRWVT=372EU4-%+1#JC%.H&%L[;'CBYOEXPC'AZ6074M,?!%$))O%>4HC/WV) M0F6.4!W\3# *U0F$RE2-0U9'L8-;$E\B+YXS,DWB.4F (VE(X@4K.H^D[4(PJ%@.NU^ZT6Z\,\N_C7W//%B!1>3N*XU<'>K88%XIR#> M*9?YCWBGUPGHEN#= .'.!+A#]4XGN%/PO'9+X,X=6VZ_AWBG/=ZIY@1$O-/K M>'E;\,ZQ1H,NXIWN>(?FK&9X9\9Z:8=W VLX=A'N=(<[5.]T@CL%S^ZW!.[< MD37H]]L7B-=?#C_]7+ HA5>W)N!NYD8E]WR^@30]@NY\5)IJMV,KDD@3OT:N*DHM(3:.>U@O,2/\TG( MGE-_R1B)T2!#4.:*Z;>KV98S=A#S=,>\@QKUB'FZ'?)%S-L!\WK6P$AOI4(R MJ)V:M[N]JQ"UM4 \Z6'>]@*>T[-&.V9&(^*IB'B']*.BDJ?;45]4\G; O+%E M&YGSHI ,HEV+D(>^/&66$^S:X0 A3WO(DQPM5XC:6B">],![>P'/Z5JCP:A] M(?E=U[7Z-U!2*+_P%!N69@;N7&;N3SKQO@XDE5TAQT"2HN"K;HLC2>57>C:0 MI"CXK=_Q=4W?UHEOM3,5>U:_;V)I=S/Q1FK%.P-)*KOFL($D1<%'"T-]DJ)K M 05?!Y+BCJ_^<5"T)U9SR,=V^R)/AXLUJAV3^L@6"?,"47^6T,@G=!XG6?!? M\0<#S4B%@O[F.[1:16S9&FBKB(TPTB)SM57$EATJ:Q6Q$490&]F#V!AXPWXM M.YC0?#%.S._73]0T@SECQ M!SP/=9U%CW]??NP#%/,(P9V[CJJZ6VYQ') MK;;>WS)R(YB267=VS9>1&,#DUF$B-7;:, MW++CFBTC-X()FCGFDAM])@@F)I,;-9/3FCD()H<@]UJ\4\_0W(8#G#3/8O73 M#C;$K(V.RBFS4(=(NH%!I L*M!Z=U62?@VB&;%T^; 4K<.U%]R,TO-E+9&X+ M8)S$H;_%N5FXC_S3/HM:P[-[]L0"CU$5D@C/%RP-P'3, AJB M\*+P[BZ\[J$S55!XMQ;>#_%\SA(/91=E=P_9'75Z:!=)D]W+.$.Q1;'=:\M5 MKIQ\>\06]6447A1>3847]664W>?HRWVT=372EU4-%+1#JC%.8%AP=;-\'"&1 M00K9M<3$%T%$LEF(>M#37#.S/ZR6N'=ZYM.7W$.^WQ#O4[G?!.=N&9]N+=:&@-AR[BG?9X MIYH7$/%.X=HX[<6[0<_J#\>(=[KC'=JSFN&=&>NE'=Z!/3MP$.^TQSO4[W3" M.]D5AMJ+=Z.^Y8QWJ\AA1"A>?SG\]'/!HA1>W9J0NYD;E=P3^@;2] C*\U%I MJMV>T1U9=M=$'ZB!PG $R_^X '.$Q,:30([<\RNF0T[?ZH^[B#@ZR()V*HV6 MB'.$"# B3A-Q>EUKX/81[7P$U%H274SFD'XR5^G$]"]IP*3,9(C 8I@C)73+M=S1U;_1$F"6J/>0;H=]4,>6K;:8QY:MMIAGBDKIAWF.7W+QB._^F.>Y("Y M0M36 O*DQ][;BWB]KC4>X*'?)]>U^C=04BB_\"P;EF8&[EQF[D\Z\;X.))5= M)<= DJ+@JVZ,(TGEEWLVD*0H^+CCJT]2V76/33<,G:XUP,H>>LB"[!IW!I)4 M=IEA TF*@H\&A?HD14\""KX.),4=7_T#H&A0K!H4XVX+(TV'BRVJ'8/ZR!8) M\P)1;*\IY?0&[0L[FA5<_);-6$)>!)$7S]G+U^SG M@D4I,] :-A#X9#OL#"2I;)740)*BX!MGI1I(4MEA/0-)BH*OPXZ_6\MJ VEZ MA$C<<6FJ@V7X8F#UG,%+M"-TD #9WBH#22H[0F8@25'PT8Y0GZ3H0$#!UX&D M!]_QT8XX?!@*[8@7?\S#3/.V1/5:16R$$;3 S"0V.G(01DPE]D&U$;3 M3F&!'1*+T +;Z?B<-7S>";KBD@*YZYO]X*;Y[2;.?CYT/#%U\<,U;*EF6 ][ M40T91DQ>KX^?-"]^?9VGKZXI7;SY[LV8GX?LV_0[NYZS*+M@BSC)@$N^1-,X MF8NZF._ORB\O@0G>A['WX[>__XV07^N',"]/@NSN(]R;!MG7@$Z"$*Z)!V.$ M6R[8]-W9>7KU;7KEN%==Y\JUG>$9R:.@^.I?\,$Y(S[S@CD-TW=GK[IGO_7L M[@@6NC'4!]ZR]UC&5UV;#V7T]%"&[EY#6:7HQR#UPCC-$U;3<654'_.B0]Z5 MG0'T!SZ+KQ.ZF,F9Y;]9N3HDSA/XF.9AEI(@(MEM7'[#(;1:RO0- M_PV,.%103 MOG?KQJ?6=R8LHT%HD7@Z#3QFP=]](&H"O[;X2S,*X@=DX,.;,S_PUL8&DZ9I MRM*T_ 7E@DSX]Y1S:4V&"3"[S\L+1RQK?%WD9Y 72U[_ .S_97GY\>U+B]S. M F]&;AD T!2H#V\D69S!2!(&_\,'F;&&A-RP*(<9AGQ4S5^4IXY3\J)X(*!, M&J09;[W9_%E&?P*#5+.\(\ T])J)9T\9_R;/.*P%_",L*PV2L/T:6:IEZJR54!.?+F= 4<\#/:X@ M0QP&'F=G( ZCL*85%]"$5>O++V^#;,9)E'(>2KTDF,# 81A_Q+#@+K\[FP5I M*:4=DU'*4"QN;K:;IEUJ'>2B0@?.>#Q#[%O-Y5_NYXKI3I5VK/W:+#E$),UE MWKCE 'J"S+--&S-Y\?#&_%(@2YK/@2KP6I_O1=,X!-!,ZT=FLX05N!_QW6H. M8YREA$4^_/P[6V1L/F$)Z=H6X1JL^"%7_0$MPQ@&*+ *,#0&1 T+(.7[G7@T MAS2>K4LY\):H"V,4&Y<8>X=4G,ZW99@+'RZH['']1+@1'G8I]L_S\C<5\A6@ MN-V+3&:AG02%&Y8KW@Z'9[Z<5:9FP5L>"\/2T?#NS#X3U^F">M5U^8#2B0%& M?4@7*7M3?7A;/!FF9G?JI^N;=CPKT-J!N0#)=W69;=]LMX;$/",P>L26 MNSY;W:[O0;B[G:8R#&XDDSW#+3?C;1C5%Y6WOO*Z36=U M4'E?K+R?EL=HH>ZB[M;5W>%A#RL/Y54>\@/C4&U1;7=88%1;M)=1>5%Y M=5=>M)=1=U]C+_?1UU7(7NYJHL ,K<8\@8*YM:>V+V[7CQ:V#TN!74E.?!M5 M]Y3D- GS=ZA4^BA5XWN"4:GVH%2Z6AS:7,5Y.K^KA%_'E(%$TGAQD4F:Y&;P MI]:WV*+B*'2';0?+:0VYP=9U+=^M=X8%\ET'^:YSE?_(=VKM@#:$[WRD.QWH M#LT[E>BN@_NU#:$[=V2Y_1[RG?)\U[4@(/*=6MO+3>$[QQKZ'O*=ZGR'[JQB M?*?'?"G'=[XU&+E(=ZK3'9IW*M%=!_?N&T)W[M#R^WWS$O'JZ^')W8PE.31M M3,)=SX5*[OY\#3%MP79N%5/EU@S'M7J>CP2C@C*TX/BW2S ME#4J>?XV4LX: MY5@C+8.06C*.8B:-DHS30@(8&6>-<7J6-QHAY:B@#"V$^]"+:C[CB@2SX44- M?!T+2314!O2B,'"C >6XENVB%Z4(XRAFTBC)."WD'9%Q-KRHP1 O]-6J .", M%8L\8W)-(K'K5\-%I4-3J%S0#OI+PK2\BMEKSE_21F,4J!"4.6/JK6JVY8P< MY#S5.:]1IQXY3[5-OLAY-3BO9_E:1BL[I(/*F7GU_=T.H:T$XTE/\YI+>$[/ M&M:LC$;&ZR+C-1E'12-/M:V^:.35X+R196M9\](A'42_%BD/8WF=F4[P:P<^ M4I[RE"3;Z2>>*TX]U\"3:/5*,1Z%TRB)\J*ZY)*D8W)Q[?GU MBE:1;PR-9&D(J>SLF8:0HN*CA]%]2#&T@(JO J2XXFN6H=+=GQ@.ZUTJH$46 MRI0M<.?%A&7D;74IXKN?V-V,)3G>CJ@X)DMM;(CLL9!;;L')U18".- MH,>D)]@8>$$:T15LO!Y.Z00B>DQ/>4RCFOZ2%AE%]>]5/&,%J1*%&GJ[&O*: M["R@AI#*-CDUA!057SLO5$-(96?G-(04%;_K*S[TEX1I>16S%[LRZENY+=T> MWJ2HMS\ORA6I#BQ[J.,QDWJ2%); ZY50TQ!25'QT2[H/*<8C4/%5@+31%1_= MDFXFOM M>>"6>);;]U^3ZZK>4L!T^>,PNEG]=IOX[L("ZU/PS,CO?WC_NPW6 M6 QX.8K9ZCL8Q+HP.CR^=K 8I!@Q"5@7LP^+%S]6386CVX?+IZB80)ZSZ L8"D-=EM)>*Q'HKZ0W+QG%Z^V$2A2%+ M5N9]L]T:$O.,P.BQC'=]MKH=>42XNVWW&P8WDLF>X98;*# ,;MFY33G+ D9"'YRF8%FUZQ MC'BV15S;&:*NZ:-K;N?.;D!=6]$U/>[4E2,3:*"80IJ-UT*N3-O3KW:9U"4] MNP?/3/ (32&)]'S!\@A0[U?D.KS94C._TN$]>.;YS;^4Y[NN10&1[SI\-HZY?.?WK/Y@A'RG.M^A/ZL8 MW^DQ7\KQ'?BSOH-\ISS?H7VG$M_)/F'(7+X;]BUG5.]$#BU2\>KKX&X54^76#&]HV9Z.,5 -E:$%S[]=@FFAL'$OE"-W M_XKNE-.W^B,/&4<%75#.I%&2<5K( "/CK#).S[-\MX^4HX(RM!#N0R^J^90K M$LR:%]6W?,]&@E%!&="+PL"-!I0#C&,CXRC".(J9-$HR3@MY1V2<-2_*L=R: M1HX6Z46="P#.6+'(,R;7)!+[?C5<5#HTA>\1IUZY#S5MODBY]7@/*=G]?N&7-VE,^=U[T88I+PN MYWG-9;Q>SW)Z]2Y00\;K(N,U&4A%*T^US;YHY=7Q;(?6J(>>K?*'*I>?ZI)+LJP"I[%-R-(04%;_KSCA"*O^X9PTA1<7'%;_[D,H^]UAW MQ]#Q+!]/]E!#%V2?<:0LH4E(Z#3-BN@O\8&&?F2'DOSZ![", ENV M"6H4V$@C!OFK1H$M.S5F%-A((VB-Z FV[$2;N;693M\:V;CK4'']D1VJ,PIL MV6D[H\!&&D'724^P,0*#-*(KV&B-&)-2--AU\BUG8.!ALWJE%(_":91$>5'= M8TG2,;DX.;W4T"'6D/MDQ^@TA%2V5:HAI*CXVCFJ&D(J.Y.G(:2H^+CB=Q]2 MV;DWW=U$SQK8>)>L$JH@.W"E(:2RDV4:0HJ*C_Y$]R'%0 (JO@J0XHJO64)* M=W^B9[DV;G'3=HO;[VF>DS0A,:,Y(P7+IE$B4E.YACZD49EZV;$KH\"6;7X: M!3;2B$&^JE%@R\Z*&04VT@A:(WJ"+3O'9FZ1YLI,\E=_NW-MI_E=6:XAI"YFX=C%5P3-\ZUL]QW^'?H0*&B [6J4AI+(S9!I"BHJ/?D3W M(<4 BJ^"I VON*C']%\&@K]B+=]R^W9]?P(+;),'ZJ:6D4V$@C!OFA1H$M.]-E%-A((^I:(]!?$J;E5[()U".[& MK?8W+1CK#>?>9,Z8>L6; \MS'?3 E.<\K#0W):MG%-A((^B!Z0DV!G*01G0% MNU%K!#VP?7A@37(1>F"UML]9@]?MH*O>4H![^>,PNEG]=IMD[T(=ZW/PS-#O M?WC_NPVJ60QX.8I9-WI]RX287J5QN'487]GUE,$CCO*<%3FA24B.@J"^4.X]P?WZ-"3FH S M#&XDDSW#W9,:W# ,;B03)!.=X48RV2/L8QXMD5H(=^[ O=R-04S.\$D,/6%*P3 5-OF!Y!#Q>1#1&Y47E MK:^\ U1>:&QR[Q]TP6A, M6%[0@I$HN8%7O#0(;^7M/'MVNQRB2V WKS1M%+'*3H*J4L+:PG22_L"QG.$ M2>]EMDM3,[D'%I2;>D461!94AP6=4=_R[1&R(+)@1]'OHMJTP8*R:UA,9L&! M[UN#T?[O!),>Y]!!&5>W,86/;6/28TW#H$7SN2\-,6W!H%;M1-\V5HFW0]_J M#VH>ZJLGL:!)C$R#3-,>TWB^Y0_Q&B)D&F2:]MQC9!I@&L?U++=?DVJT\'U5 M#E%MFTO3BJ PD:_ V4:=9#T%DE@:GT?5QC+6&_8LW\%D/EK2G=6J3BH.,J%N M3.CTA];(]9 )D0E;WR/T>OB;JH@W(/Y@,JGY/<_J]VSS8A1UIW;QK]]1>^,3 MS2?B[-& OV!_EA'@K^G> PQ,(*3=+WXUPW92BPG4Q%ANP2E2@W1(U11;I :D M!N6H07:QN/XNI^-;[JA>0D$+C[.Y,$/7?=$+EA=9%,S+QM,\FE^+,8:QPV<9 M@T[<,!T]TR[E-+3W68T"6[;):GJ.0!=>41-]W'*)1&.(J"/1(-$8032R/6V3 MT[Y.SQHZCGD^N&Z>]NGRC#D2):1,@C01M0]BRS8=CZ,X@IMH:$J)L?UI# M2&4;LV8836HQ@9H88Z('J4%!L45J0&I0CAID>Z;Z^Y^N-?#[YKF?)J6 Q;= MT*N85:G?M)BPC- \9UI6)!L5N)/MIQH%MFPSU?2$@"Z\HB;ZF(Y!HC%$U)%H MD&B,(!K9WK7)>5_?\AW<[*N\=_TY2F@2P(B$;QTSFC,2I'F16_ F!X][Y>!N M.DVS(OH+#^Y6AB!E^]<:0BK;N#7#B%*+"=3$&),]2 T*BBU2 U*#41-] M3-@@T1@BZD@T6A&-K,.A%4 ;CX*6N2?8L?H>WM2\!SUJ?O(NTX+&Y$C7\FH- MJ4ZVJZPAI++M5#/L(;680$V,,9.#U*"@V"(U*$8-.]P IH.UW,;=; V[KNW/ MC((>JC_R+<]^U;%5U5N^+W7YXS"Z6?UVFQ"_?OS/#'[;<#>X8S'@Y2AFJ^]@ M$.L"Z=BPX!TL!BE&3 (6QW,I^>7 /A#O\QD-%N_G#YC+&4Q(3&H?& 8WD@F2B;YP(YD@F>@+ M-Y+)7N$>2HZJ:0-W0[GJQGW65Q[3"LTG\\HS*M[\/04 M.[8NBKL2J0U84K!,!56^8'D$1%Y$-$;U1?5%]55+?3^ETRG+ M1>U-Y=M-<> M'0Z;GF+4WA=KKZ@-?4W.M#.NDIIZO=,,KT^AUIF]SDQ4$^4[2U(D-;&QH@.^ MN\-D9QZZ!+8:19&R,Z$F;^?K]P>69X^0]%YFNRA4 HXLB"R(+/C"BZ9LU_)& M/61!9,&.HM]%M6EG@XPFYY@HR(*#_L@:V)YY<0X=E/%HY;#$D,TR%D1M'98H M>TW#H$7SN2\-,6W!H&X74S56B;<#W^K9O7KA<#V)!4UB9!IDFO:8QNM9ONLB MTR#3(-.TYAXCTP#3.(YCV:Z/.7ZE0E3/%#/JMVQT:;)46S]V."NG2W"K$;YM MV!*6.6<*!G![0]L:V7TD/K2DNZI5G50<9$+=F-#Q!]9@4._6,&1"XYBPD3U" MKX>_J8IX ^(/)I.:WQM:_J#>T09:Q"ATN_#P$\TGA"8A"?@+]F<9 ?Z:[CW MP 1"VOWB5Q-L)]680$6,D1J0&A046Z0&I 8%J4%VL;C^+J?C6KV1;9['V5R8 MH>N^Z 7+BRP*YF7C:1X5N7!-QS!V^"QCT(D;IJ-GVJ6A6S*O.;%A.6$9KG3,N"9*/B=K)7'*/ MEFVFFIT/T(=75$0?B0:)QA!11Z)!HC&$:&1[UR:G??N6CV=QJ^]=?XX2F@0P M(N%;QXSFC 1I7N06O,G!XUXYMYM.TZR(_L)SNY4A2-FKD8:0RC9N33"B5&," M%3%&:D!J4%!LD1J0&A2D!MF>JO[^Z, S\.0I<[+ ITE!D^N('S!9I7[-\T^- M"NW)7H., ENVX6IVRD ?7E$1?20:)!I#1!V)1C.BD74VM )HXTG0,H_E\BP7 M]P3O0X^:G[S+M* Q.=*UO%I#JI-MP6H(J6P[U01[2#4F4!%CI :D!@7%%JE! M.6K8X0(P':SE-JYF:]AU;7]F%/10_9%C^36OHMQP4:NW?%_J\L=A=+/Z[38A MWF7\:\-_9NPKHUW\;(,Y%L-=CF&VZ#]TG_RT.1BR^N;O/Y7Y^VM*9Q^^LFM^ M5M0%F_&<:W)]'.5!G.9EQBY! #[&:?#]U__\#T+^OOS!A&8L/\WSDH5?LBA@ M7U@F/B,!= A^<\'&OQP#'?K":!WR;+I,;LJEL"M=>.XS$1" M>]F3;Y?IM]$WSZZZ]>M\XI93U9(,VK6%\)8)=KE*XW"K#IZ=7YX0GPCI_-L= M#,;[F?Q^>G;RE9Q_)I\N3HY/+Y^05_GC>]G%WB_O]0IQ_E^9%]'X1_71_ VT M70!E1R%+KS,ZF\@9Y1^,3.@-(Y2\<8:6!VO)#!(R4>: M?+?([20*)H3=S2+0)'XFW3]*>(!KN\[/O'G?\IS^9NNS# 9>O1;5(?8A;_E^ M:I[NP\<,WF2/-7^6WK#I%7P/HCH27>A;]D, QG%*.2&N(V#;SR+P1.N+D;L_ MBUT:T+1GN;9]/ZZ-/JPWW:L# ;3.ORTF#*8D+S9[L@*":Q^22_@S_L!\]8G MHSD+8"4(R=4/,LO2&8,EH@+QN(S+8F*1$[ OJ$7^F:;9A-%0#.MK<4@^Q6D9 MPN=1 @]-"UH-^&.4@Z($@,MQ%'R/DCQ-+/);QK_ZG&;?JW,AA.Q8T,,,QG%, MO\.O#\E10;ZR65'UV;,M/GE#BP\/>GE+/_ ^-*_'Z);GYX/P-$9X(P@P8_ M@413$.?'E(G+>A"7(?0F (U)*/^HF%"0(/C5C&;\Q726YHQ,*1]14DD@/&G^ MY! , L+OM@#;03PCH]>5D(EOBI0D#'16"+LP$%8E[/[5D9#>;2IP"_+/E0#: M"M+I+(Y$#P0)T#B^[_:ASO/8CFF\U:C;,/QF8#S2F*=9\IQ+S,>4W[?YT/QT MOWG.5E-XU?Y\[QW\VG>&L!JM]&);"[MUXM[:?*8/ONO6[D,!V$S 1F19?O)G M&14_3H7F ,E^X9Y%FAP5119=E<+3NDS/4GXR;9&E,4SJ]2D7(EBF7H6<._ & M@_YZQQOIU=Y'^FW>UK>O!=@!'/"JH4^@X.#@@S8?W47YM^ [#-;I.6[?=K]] M9 D;1WR:%DW\4U#%)I_H+"IH_$*-=KS1R*1E M98E:&D2[].&%PN@KC.F++2EW,!B-%":OY4#W:I+X;M\U%+-6+!)'9?YJ!<[7 M&21N?Z"PR5P7T!;MD9[M#0P$\E7FB&N[0X6-N)U!:]<:\3P)D)ZE!=N2<-U+ MWO!!6F_?,3N1-W3<]<3AQY.SD\^GGTZ/?B>G9Y\G;?3ZI!.HZR MV<0'PU B'OL'$^DC6A:3-(.O0A[HCG@6'1YN\W2;2+G!4C%-$Y*+)#L/<%\M M+482+2A$A++?V(>VPP/NO.:FK +H_?L'S3(V9AG/5,V?M>U'BQQ8 $K*@B*Z M8?$/DK$9OWL:1L?S//#_"/J]K1L\_ XON7H?DL?"\??3S3MXS(+YUX[X>K!, M6/'_#*VA-Q"]YW\[M'K#X390[I-9%K\E>[;H^2$1.=R09[X>#'\U!49%7UDD MCEOGUX#MF@E04Q0-U<#CZ 9ZD(0YR'\DU&^^\HCDU)J("6D$71GX'AC-!"SA MZALAE_SSWMJGX[3*B28\9R:*!'+0&WZ)^T-]$(^H)']-=HV:BE=+H#:U9B\U M@+;8354)EO.D:318-8V>3[1M,:+GK>S8_H9I]ES[6SR?Y]J'%KD%"K.=AE5I MVD+/+UBTO/CQ2TR35P#56^WIZ=EG\'=[C_;UY3UJ>U!/H[]M4%M,_FX/JJ;+ M]$G0O.C4=B^H]R"PL6=,Q'\_TIR%? @LR<7@?\O2/.\2+#5 >6)$+\+EW]Q2 M;4'^-X<$:_J6$%;-_NQU1/N,0&N+3B,AJ#VCTPQ)[+XU3Z70&J%& M%*,UA"[8K,R""?_SATM.#5/O'@S^R_NG?LFX@S1]*"OSOPO9=,:?RA7WD1S) M0P.KYSQ$X\F!-#KPQZ1@#P/WM]@+\@?>DFW4XF"%HG1#NA^.>DN-UU/#:'+4 M]18VU_&WT)*Q_F\..J,\OOQ[E$ _DN(HY+'D:B](<['' M]\YPTX-ZM-E7]F^P4_\>!$?;ZMY.2]K[X>:*UC)Z-;OG[-J]DF_HCQ)18L.W M![UF.X2SN1=BX^&UFW[Q^&NWG+,_2TZ%-QP2$[=/.T/RGGS]U\>O)__[KY.S M2W+R;_CO5^-W;"D_RO.$G =%RE.B3G]EQY[(R5(2SF-C),W@]7U)'<_1OK$/ MW7[/&ZRF7ODW9?:RL@EX9!Q-(WZ>_NS>4!2:FZ]G8RV>'5Y]YB)3+&Z2>^09 MJ^GDC 6@W[QW#S/ A\2,F39CE*ORO+('FZ0+GV1-3I:&)HBZ9U=B0_D?B'WJ M8K)5C*%YHV1O52H10/_,+FQ=O!GV64BQAPY8_QAZ;+#_@13>75_X$G)TZ2*:I/P>MC+CI\941]L(F2W@@YP&U3-N MHS@&'W,NE. -HJ!U>52U!&UQ$!SC6R3$[7OY,AX''[+JP".0JNN)$ R^@: Z M6"S*R3BJMD/\L9 EH+!;$:@8@YC](*G8<_#P@=4^C-NTC$.2P5=\SP4/(EPG M417^$.&0>54PYT#>,DBQN+E#=')<77=/8\!@GDAY\H2CVJ7*CP4EUV.7EQFC MT,GI^1+[\?G6$(4_E1GI<9^9A2'M\;D\L, MNL:@8;!<*@/DAG$57N3KR(PG[*IEA"7B/#T>L%R+*L)"E3-84$"GH\U8YGQM M6AI*O$W^@.TFU/J3'HUV\K\KCHKP)BZO6Q"F'D3C:4!A6!3\> MD(=0$T9^,)J);JVLLQ6M;2RRHGE:O0]9'F31%71FSET"ED,\,%#Y47)M>"#N M(#T9+!*Q."231_3O[:@I!0N]G/(K;4NQQQ ^#VC"K2G^&%BX5H^9Y(\CL*Z^ M\:HC2:MC 4$'[B7TD'Q:M%9Y%^/H;D,%^3'%XBG.X+!OKZ8/LLK-6&\P7^R+ MK'YXQ0(Z!7M@/*[R ^0?-"EI]F/ATZ"GJOPH_^!R^6,N@*OLMR$8"W$.[^69 M7E]G[)K;@(6X7VHBCEXM0&I80MA=P!C_<\Z'MW/#,B_'/#7%K;]QR?ILU9#P, "9J4@2+UA36(L50U?+ \AF.N6GN>:RYQI2^S&>AU6+% M%8>,\@4,[%XF+.*,\3^SQ/0MX8*5;3I/(N9E/F/S-723IJS%'F#XNZNTXA5X M/X56QM *+%K5$]G]%#W2/E* \J.L2K]VVL>+AS-*JV%OM>;^MAMZ>@DW.-L$C8<$^=94_[U7[[RD9<[Z%?/>?- M<(19HMJ^\W:G>--Q%H[$9U9K^\*S&Y/6B[)7&JG9^DY%7(,ED/-\]] M12]S=CX^ 3;A*8!:G=HEZ-11/N-??> UT5&PE>$ )&[H+&$RGLV5'Z7P&C(V MHY6(5^>9/!,:KD['3\8I&+C%C^ITH-^.CKXLHL\Y6-0)O:XNT #K=TJ_@_NQ M5"UQ64>>EY4Y/8]O4>$ASTUM?GL2-Q^$FR_"5E3*1W]3;(3>V?9!TJ7E_[ [&7>FRGD'V!W?<0AO5HRK;'$#% \81&D( M7DE0E- H%/&HCZ:A^O#"(:=D7&63N%G_.*#)4QH*=6UE-89?)W=_Q#Q?18> M55=&G)7E0O,OP?C&K8:VY4__7^_>>7FZTZQY:=3.+49+=D64YT94L:29[9N9_/6\N],C@S+3 MM6RV^G(4>,?$,VW[Z&]__?=_^^4_CH__?CF[,2S7##:4^8;)*?&I93S9_MJX MI9S;CF-<F[GWO&\7&$?$D\ ':9(:BLE)8.(D,L^&[W> MR:>3L]/>)Z/WN??SY]Z%,;U- &^!L:5=">F9:[HAAD_XBOICLJ'>EICTR]': M][>?3TZ>GI[>V8Q3VW]GNAM!XO3B'"0GOL_M^\"GUR[?7-$E"1P?6H']&1!' MU N-XU"4/0>0*8;69%ZNHJ?S=RY?026GO9._W][,!6L1X&>;/5+/3^"?[[GS MSJ/FNY7[>!*6(7?GQZ>]X_->C(10UAY25,6'D[ P!F4N8\$FQT\";OG\Q-]M MZ0D '0,4Y;89XSDV>Y!C027G)UA\#]I,JB&VZV+2C!=O:D.*)$ M@F2Z ?/Y3BY_5"A#"S@'MU*&%Y5*$.FSN98C84D6 ?J]8?Q"&'-]XH,S$[_Q MRW9KLZ4;_80/:"F?N>O0!_4A',.QMJ$*3 MS6FIM7VFUO9\ ?_=#L>+N3&Y-B;3X:R_& & T1]?&9/%M^$,X&^GL^&WX7@^ M^FUHC,;P>]B915NS4&CRCI' L@%Q %*?-;61^H2K#.:LA<%4V(OQT]VX?WZ;C>@&G<[K"AIS1K*PH1[FA:S H9-E^C%Q #YO4J4MO4AZ)-"5:,#"]H31$[:$YI2=;W9'@J^*(L6YW5O<3JH!?;&Z'I MU8K3%?R5;=OA\Q9F+641T(&H5ME3(0:JLJ>D=B.I/F\Q$0.=Y51;SBTTVXJL MZ-CUJ3A^+TYML-?EX-5-B8&4&UF:$U7564&H%T7IO_#]$ MAD/FV_YNQ)8NWP@!(E77@52GO$XO,.45$\C^B;%?2,W(D.N4U72M:DHX%*^I M;X-,=1>N\DA5JU@?ZJ]B&3_E2'>=KU'N>;*X-P;OYNSHY:"F> M6JOG-7/1F(J>?^O/AM\F-U?#V=P8_GHW6OS1Z;5L:)WP%6'1C&1_Q,R5J?33 M@UY7B)8GLZ_]\>A_Q"I0U_YE[3_E-C/M+7'ZIF\_0D> 46MNKYB]!(<$8Y@I MMC78;#6%;F1")+FOI.8$U)H\*VIR.AN-!Z-I_\;H#Q:CWZ _B56]^>CK>'0] M&O2AV_4'@\G=>#$:?S6FT"L'HV&W#E0[HU^5FJ_0V'E18_/A5^$-9\/I9(9: MZ931*$%>*_==H1996GL(?6@H!BMC-/X-_A+KIYURZF8,JW)_%2J1986'_3DJ M8]$??QU=WG1N2Z$,FV$29<"I9?L%3>0*U6KX6:*&T7@8[B.8#:]&BTX)3?)G M=?)A%2J193MAY/C:_SHTQI,%Z&;:_Z,/_:/33)EFOE%K!8-U%(9)(K4B@%HG MGXHZ^3:\^HHQ5A2'=5&60A])+N\6!@GXC6/VODJD,&JM7!2U# 9+V:3FQOL@! P#&<0O^&0=3<>+>)TPV@<;WW$ MF5!_MAC#UV^C:6<,Y?&W13=;K'CJ$":)O//%:L5)TA 03PQOIV(KZO2F/^X< M9JDF+BF#JDV;.'%/VE>&!$*M#TDRX7(X'EZ/!B.8"<6=J%-)F4JN(%*P*+-F MU$[FG=@/]A53"J=6CR1S< 5QQ=5P? 7])IVABI[3::G5P*FU)$TDW(B\-XXP?QB+&?@U# DGG7LKU]+ W6SL,'/39]; %4E1 MRF0Y516H6E>2#,-@3^:CK+K7W7*BV4E2TOR2QT!_\>C?JVK]JD2"X]^B? 8@[?)2EI OE M:CU(D@GSN\OY\-<['-^'OW5YZ(.NTAULM:[6JMU9=#CO *MVQD]QC=UFB,.9 MPX+(5B_:DE&9PCF80F%/6EM3".OK#*'V2JYF2GKE8+87)U*2#5ZKHHJDN^*-:IJW4VL6S04D(KU=:3CEMEF<5.=8UR)G)U M22#4*I*=,,GD3SJE--KAW+HVT3(QP&7BX8WR.7$H@-[A3J?D*%5_ MN;0=&_XZF($UJZW*XHH9R+86AWP9,"@:R)G R?-FI,QU5O@*5BBN#CR4D>6( M5=G0^X/9D*BVLXY7&?-,FOO.709_FO3 @U^=6JKLZ<,!1T&3[A7F..I,K?G* M29.962-LRJU&;7SOS2N_XR1A#>WCAA$*8%'&*\U27Q[":6UH)JE5$54C"E1I6] M0C!O0]&ME."L$AX,P41G/>VL1^4X9)>2-C"AMJ2K[*BXS%IF1]7^I^26T\Z8 M6AE3D[BG,7Z5611R):5FT84_W_W4:A/+>)U*E.8C/>V:8\.(^4!/DN'$L%GF M1O\,,YV=O<#.]DZ\-K&>)JAJFY =I$V(&X)ZI^07*+EXDK:)GAMBJU4M.Z.; MT$^[?J?M]MHN.Y[;1.>M:*@U+SO^&]5B9*L1_;TS@!?Y=/DNO2EW8?ST=[>$ MD16-+JV]= FW)LL%#SR?TFM:.O$X$%6UD4A?YPC?/Q 5&]F:Q:I*6+F1UBZF M&*)^#" B#@QDH;.=]K;3MQYMS^6[_HK36,FJU=K6=*KLHY#;4-I'7)V1U"?, MHUNC;7$NNMGX41-/K6[9>>H,Y6Z4>(%JLYN#IP$WU\2CWD \3^O_04E9QZZ+ MIE:L[*!V_BK[A/9_&1%U \EWFFVIV2FW7=Y4KP6D*JT6O'.Y5@7M3JM8=G!_H2Z$9+OO')C/==_174>;+>.^$J<5 V-'V,M(Z/2/K[1JGSM MH.R-5F$D:7T9\_'^'Q@"_G,/+F]&E\:S^.(#T)(^^YYX\0@ONT[@#?-- )N+GD 7TJ$D>G[H_.ST]#\UM MOQTC]F(2A)L%*D_G@D;OXN+B1$ !$3'ULJEW$HMX9)P<3'C0F$3X0:K'EK+O M68*.HH/-242_2BRQI>1Y4]91<(?<2P2_(??4:2FS@[BO(^XO)V2[M6%T$[_A M%V-NV*7"#R"MRWV#D0WUML14L6HSS\?W9XX,SUS3#;EQ34%(@8*_CF.\8_QT MW#L[/N^]>_:LF,$; 7B"75\+Z%UG-)JT2"6ST^0S ESV3$+-I3;9KUVR6*.0T1LF MLF-[/ M+V*E'1LM><@J^H/X9?FU+2-&P%H_-*C/H^:[E?L(?LI&E;ZO8PO[./C'<8K< MHO8P$8W$SILPD$&+_CY.2;3KE!>A"V/B,4^K7O,[G.>P&FM>VKE>WBOQ2^-. MF6M@S]]RI-EKHI4$2?QUG*+G&*!A9"HX^'*4F;%BTACW_H5/IWICZD\IQ]WX M9!5=@V\^G)Z"M?7./IR>_:,V9C@>0N?\O V_CB"@QM 1I(+9%(Q[ 1+YRMU@ M^^4();(_VP!R9! HY<3TOQPMB8/>FMF.@V>ROQSY/,#!50 #6=NU%J(:*^"B MA>J).PE\'%.LY*$8E80YX%"HL/Z-RV"FQW>'ENL^?*<-N(J>A2B*&XZ)?K6T M\2:[$1L^FVO"5O3:Y2//"["&R5*^-T(\)>:I6^9%A#5IQ2JC2>;WN$'#F]%M ME->QK@+<*3@5I,2.(%E;-<'^K@UBT?N6[;&!T!KK0J"HU_>CRJ4MH(3/R@S? MT$R:2QP*^ +_(.$Z7$S)I.#!"^!12 ]_D+1XS@.&44; MJ2U^"\V5LUEXHJEV:^0PM?+V$=/I Q]\M=V;%[F6"UT/08JM5. MH+B9[99N[BF7"%T.&JG39:A1R]T0F_V( 3J2"'=;\TO"'I(]#A-&RZ52@NLN MV>+);2)9!EPOR9+[>A(/&'N+*;=-VG><:%Z[-^.2B=V>EDZ1";Z" $Q ;RM5 MRX+)W)E4Q\)C":Q4_T@ 1<7@;B9F;IX1TD;2,M>=UA//+Y\B*B4 MAP-A;I-"]XA$*BW^85.7@@A7]-Y?N.%AJ^Q.CE@&1?F/48TRX+JBC]1QM]%, M0YER*P?5P[=5,.P=245^_2Y3&@G+^TS$9&ZF*QN+"A!ZA(05CGN/:_5L6 6L MB2M71\!7F'>R[P4;WA4U'1B+K#ZSQJX_);9L6E.)H8G&-=-_-@C[[EQ 6/DB%;X"="\#\^/L/#"/+N+^UF;T)-ND($6Z&V@>G MUHAE8[0&[=.Z!EU'JA(YH=?#K"+,T6,2![Y;8A;)%Y1O(,3(!1XO)*(8!6-) M7B\W7,I\@+./R3)48#_PURZW_T6MA7M)P^16 [.I0^S[I@O+AH_:(N6FGZ!C M(5K?R_:,Y.:2^+Z+9$EHL@W_Q[Z3[!86]QIDNHQ:/]^A?JE=MNG"!S/*%D++ M2#7Q>(>K\HVY0*G@Z,;45M3*;FN159FCH'*(*=RA6ZO$%MJU41FQ']$R:@E" M'Q*Z]NQZ=QU%UV[SEU2BR>*4NA4Q!@V(HUACKXVIQVI[)*YK!M&IR"&#BG>9 MXQ,J66NAZ2%H@?G\& %VFAEK8W=0 ?/C>GF9%Q#_S?C4M8\JV/_F&9_$JN;JR0L &=-Y$! M:R";.CO6EI FB97:L72=@R/# A8&&>[9XPSALV!IP.FYY M^.HZUH;PATQ:NG153@&KU?)F*:?JDQYSR M1XB=O4JIFY'1JB5&#,Q;/-EX QYFM-ER]S&ZOSV@"S"==X(L#[/TMF@%QI&WR&M6\%0L2LN?-(NP$(X9"3GA%FKTQ MA8,$RPQ3I(VWVS7"UL0@U-,DV=.LI0.0"EBK80:/<@A+Q-VMT8_,[@K< M=9&YZQ;"WVERH#3Q . @8>IN]23M<%CRFMA)59-&RR'9:WYD32,%RXIH,Y^N M*/^!/B#F,3X%-,-;,CS_-[-2C3#;PC/=L2T22@VDAAY)7$>F$2Y'A M;"SU]Q,F+CI,/QQ)FJ0A_BNN<;Y$_!GU,#SV6\M?F\ /:("(Z?BM, A^PIM[ M&DU4FZ&_C;@ %&-2:HF$^8AY ST\%QM25I-TBC-"+R)O&U.J.2$<3@CNF,6 M#++1$E^R; H55C5.?3IOI8W^24U?]("E;<;WC299Z?!E=-6.N,84M-L5EZ;M MT/G;7EDG*8%[$WJ6\JY>K:A&T<0YJH<+?"'2?D3"7FR;I8DZ!:P>6JX2-1F[ M2X-Q"8Q6,?@,+T%DPF60YS"?9;H;V4!>"JE%K!I+\TA90''D6%!PB#XN9WMB MJ4_S ^Q^5Z#1M)04:38:JJB3">W'LUIM2+JX"U@4_*&8(F,=;N.+)A5!#N 7XEE)?'G750=)J#Z)8NRON MI0SE$(45TZNF!-Z"]&(M\P7"E^&_$5>&C*=]-"M8NK\VSG/OWW)5UDCMZ>EE M,%"A;=E$7(W4\*AA ]PW8BB)0$)K88K)Q^,]4X*/&F37L#.79/-=&BI&*W_A MG5+A-KKK6CL6OV/=;T49FPTPABG@>.*?N:DKV6-\Y]%EX-S82UJ9&GHQ1>U2 M1?,=L^SPOI"!Z_G>U'5L MK-@VW'3QO(%VJNZSR"5/I5=;Y"&TNGVD9*82QJZY:=B$T:/<%*@41H^3>?0> MNCM>S(/EXA5WF%F'M_1,V&^$V\CC#$:J[(4QM3%^Q&%816HM'8ISW2;<);0( MW<1^&J\6CL)8:V;I+/_S>H>M$MP+Q;_(4RJ6,R1">/UG.UD5KP5Y$'$M&WC% M=97O+>Z5&+'J"9S ZC$$JBZ7A@ \L^UX8P.8%A& 6:GBD5IAZ3WI)LZ8[&'DM6J_P1FD^?"XOUM1]"!5%FQAPA@:S M46OAQD\IT7R EDP2&B+I[4CR[,YP4VUV/"POUGT0E'">'_E4 )K:JX3EW!73 MBG*]K7 .+@\??4@/M=PX9MZYJ$$T5=A0W#F0'$H1)Y=NJ>=QF#2L",8@O]L0 M>3 K+VMS-$WES]YZ*B;K,#)X41ZLD TK7I1:C:*2NWE"[65!=VY%-MVS$,?9 M9<4O=Z2OH;EK^YE:.(U5G3F*S\C7 =740G$^/W\BVVT8B64G\'@O;"19=O9? M"UJOL^NE!TUBC>%M!,F87U:H26)-9R<5E/> 8%>"<L&*.BGV.L M6'Q7I_SH7C,RJF"EV?:*%QE'Y,'Z6Y #001[^TM$E5":#&CMM9*;_+VE=7M5P4XO"_X'& MJ8K.7DI$\R:*QIG"4AHP/W"(Y]E+&^^;P/M*KEV.#R'N#U'-4/4(TG^GCN-= M$[YR\66I?/Q54J9I='4=*88 0B=0DRU$!I/5+/E\Y86A M#]XMX0_4WSK$I.(0E3.@V!WSZJL/KJE&Y^!FG'!!,KH9))[N[P;N9DO8;B^Y M7!]>4XE%LC_S7ETTC.]_U9G[S)MT&>ZS7[7F?LVIK/7SWW66X-H-N$2 W&>M M^;,'>W/PCG";@'1B4?,<-O6EM@<(K%;@I&O>,4O =WA?&-_!]@A M".G=5##9%C\7Z*I M8H'BQSZ9=8.W$HN3.>G^T#:H>C<'WK0^80-Q7Z)( F,>!N]W2][^B#;^)K._ M!@B:6WEZRSRF3G*;5?' )),>3LNV0QMDS=LD?0T\'^-(OFL:X* M)\LDL9KKRE5 >@_BT27/X(0"+E"::<7J* ML=;UTFH*>G?\.>$K*$C6K,,L^OAJ+U]9!:6IY^YS[CZM*;'2#/.^:&H03>7Z M'7KEA#Q(=552IJDD \*Y5 Q9@:8RJ,^TG9WV/NZE">O#:RIQ/.#A[E/F60[Q M?'.4M8X6 LLS%\K ML_]9]^/S&8[W+XPI%FBKC&3!)AW3Q%54Q9F_!$+O'I5+6@ I4BUC.:#FT8U4 M39G#!P/']>*EG3ZS^M8_@[VUO!=1T#J;+I6L_$!L?7#-;2(^V3MP-_<0N(I4 M'6HN>UW7WAG\9BAZGLNO(4/A2H6&.#K=J2#KM7CSE!4]@B"6,:.87&P\BA.; MT:DW$%,\VY19/#HT4PJOYSF]^[=+;\ 4(FEC]&DK&>?A 7^DZ523RY3 M4?;F!/1IALI%C4\-%T$^Z1Y[Q^_,7]'XO?G\A#Z>M \]D[M/Z4I(0RS-^WN5 M/#,J3O,@,A10_IC&!NU0-6^/:\<5^WYN7&9A1@L\^;U(<8"##Z]KN;'OW;V# M#TV1-.T1>/+'9?ZZD>Q-D325/3RNEOBR &_I7_Q]W^UKHGC>+?C_97>FM":2HO[4"V'\MZG\_>8#D(H/)/GT.?,#I&]9:>F M2)K*?@4!Q^[7@%(66NIE8#LB'8]/4D DXM#=OKJ;H6@J=_*@:)S^BW1W?HH7 M6LAW1#5">6-R7_R,0ES:WH9P\Z&NZ*58;TSZWL=S%&2R(6LR'M:3O03GC4E^ MWFMN[U*4-R9W[V-CN>4HFLHMG3YFLF\0B <\L[>Y ;SFT3A$D;:9S##+/%HE ME*9ZC0Y7WK$ML:WX (R*C^B4!_\QZ^X_W+BF6NZ(7_]7U!+ P04 " " M:VA-%]7_25(5 I40$ %0 '-R970M,C Q.# Y,S!?8V%L+GAM;.U=2W/C MNK'>WZK['WB=3;*P+=F>\7CJ3%*R),]1RK92NTK1)"2CAB(4@/0COSX M7R(E@@3X, GRK,9# 2"^[H]X-+H;O_WM;6-I+P 3B.QO1\.3P9$&; .9T%Y_ M.W+)L4X,"(_^]M?__9_?_N_X^)_7BUO-1(:[ ;:C&1CH#C"U5^@\:W< 8VA9 MVC6&YAIHVI>3LY/!R>>A=GP<5+[6"2V,;,UKY>QD&/TR#AI"]E=M.#S]W8"N:6M*#]ZXF^3:/@;/+UCOKZ M^GKR>GZ"\)I6'0Q/_WEWNS2>P48_AC9Q=-L 1QHM_Y5X#V^1H3N>9&+5WYZP M%39P?AJ]BUN"_>\X+';,'AT/SX[/AR=OQ#SRNRC0_E$(ACU(@S.\NKHZ]7X] MHC+0M-\PLL "K#3OV5?G?0N^'1&XV5JL+>_9,P8K^@P#YYC)<7!U/F"=^M/2 MH>I@*AXCFR +FDP[U[K%Q+-\!L A1QIK_<=BEN@)M#& SHF!-J?LYU.1=DYK MZ6STD,Q7\RW GA;)R#;GSC/ 8[398O ,; )?P(S2?0-* "KPK@\$G=&/'[;N MFI!6'.N6<5:U!"1>7+\XQCIYOK'0:QGB%0A@9_W8A@=[R*1I[8@\GE% W M.L0_=8M.2 51%WQ) -.@"Q;V;=."MQ14 (V]HO1"."XY\.8 VP1F]!0Z[ UT MPS(8:,=:U!S]>SR_7\YO9Y/1XW2B78]N1_?CJ;;\?3I]7/K[ -IK"QF)YBVV MK4$XJ9F@^][N8Z63)V]307> :UW?LFW6Y2FP'!(^83J\/!X,@WW,GX+'__(' MQ;!E2W\"EK>/3/QXVD#'TN:P!XSH>L9YIPL;3H]S:OWK\_GGR\NSRZO+RT]G M9V<7YQ>?8NAB9!GA)% =&^$;Z9\'_$EN 8,2IX31E;5V3-?.F[#^"J/-H8B# MEZ%R4! V ?YV-#S27$)[B+;L[;IUI+T"N'YVO%^V&"(Z4KQ_.SIK1K-L+4[G M7?;/E'[&+[K%EBD&)BZ'A;1W3 M@'(_X^QJ*FFX$)9 N>>M5FYL9HOU:9*M*@>:,"9BU9S9N*"&RJA!? V7 \Z9DM6#A=2RZJD M8W$ @>X^M5IW=*>,7,K7!3 ';WHKH*_$$LMJY+NQ $$NOO<:MT]8+#5H1GL MZ<]WA,Q7:%G<555^596T7!A/H.BK5BO:.X;+ M-,S$2JBDMKQNA^:+0:O5DSP^6#K(^/6,+-ISPG9USCM'9_G5&@:3W^_V<4U4 M%W$6Y@%2PH@6M^US%!)10W'++3J M-@H2PK;_U\@V.1I, M+=L%58H#4\+*.8$OT 2V&;)39O$M4+4+&B^,4PE+Z,0%CRAIYI'A@%CM3M"@ M!%0E[)M+8+!S^/<)V"("G5!"O$4AKW@7="V%30D#Z-)]HOV$MN]+]L3[GO>+ M=4*9(IB4L(3.5ZL['?\"CN<7]<->Z2\(9RRCN>6[H%8Y<$J804/#?;#0>,2Z M*;,@$ZW>!>V7PJJ$S70!'-I_VK'LK?)^L2XH5PB3$O;0F>T #(BSH)//!&#X M0H7U N*F'R?R .0;P(6;Z(+R2^.MVQ1[Z%=J_!H,!L.+X=FGP5ETC#.SB8N9 MU^4#1@8 YKZ14JR2RAHM@3#48;L-8G02PBZ(.^7+S=8"E576?P5(0QZTVX@V M1IL-]!VBF),&M2Q,A-D5-!6UXE33>#?;4* LEC+)WT/8Z$"*9V5$T)#,] MVE0LSW#+&UP$:[>/*C6J_9!C9:14\W%=S@KSL.>>/5JWK/?YJPW,(-3BWG((4JU*:]&KU8>T%DB%$E))4-5*27;I[,5/'2GZ2'>YQDO]S^]0FJH6TXZ0,3&I] M@=Y9-_$E$,U1=&\"-^[&^RW FO=]BK;3/AID*C/CVRV%6 F2! !8V":SMV+= M>Q2QR*&4=1)K[K*C#YZ^P"+2E/E*HP*V'(]D+,Z%HY"";DGU(DB[5/ MR<4G!2%LN:TK)$_4:9]>A321KH2LU$I,7+?0%NWC=@./Q #1Y>\ MXNU4:[9^#G4JA4X)]<9S-[*L?;%$=3RW>GZ-;BA9%J 2L^HN[15='&1_PFE% MNZ%9860U'\3F'(F$ZWN!&P!(NM+$*ZJMPI(X:PYRR5'H#R=P,A#0 MX7[9#JE-")H2$2N^"$(:+ECR$\R6B' M:851(K+,Y-B8#LJU4ZT%C!-BR)38V7P'-L5BL9V:2;D)B8.]J(SL34Y.K?8I M6DQC*=]P :#-NA".S!=($-Y;W6>MF=-KJ*_#HB";]>B+99&GK)M XL6IT_\% M"0HX@VZA-KJFXS*PE7"V>\0N<0!(^:)32JBO75%02B3A8,XI@!"O9QD*W"_6 M'2T*(:O9@)$S^-XC&R7/'0.,D3/G[C22G2?[GIYWP'E&9BQW=M;87-$KVD<+ M8>>K#Q.'W$3>D-=6$4))U6T/4SY,\8=C3VD2-;2:W]D0ECJ['&MG-_(C;%,O M5X?;"DE*27"6+U0 MC$.)\BR!Z:5[390BLFGV'):Q>6Z/GW5[344Q]J.7V%V6^Q>!Y0T>0HWTFAP5 MBDR)$^']:36,H,M; .?6ZS6+RDFIYJ/D_)UX2GSDS$Z$98FD3JBHU?80*3= MK4[$DF[3TF;2*EA1)&5"J88[S8TBR1#X:U<./9J**LX(*OYAZW0@]BY(M(RS MHX3>,D*,SPJ$&.=$&&M__G$_^C&9T1;^4SJ_P M$5I,/X-4/FD#=\6"@6[!_P!SM^';I=DE(PP)%=C$Q4RR]#DR<^;OZE_T!PT_ M5+(%1[$/7HVSJ\=O+/1*!!?9%S)Y?,:CY>_:S>W\'\M&ULP4VM[-Z@KE; X*X?/K@3C=P\!QS6<3J\LQN= MS.OW'X0EI(X,&R.#?D!9%PJ*-]#",:P1EB5NP2LG/26F7:576R45U,V%%)MC M"8, M,XB9^J[([R,PX?1*KW@ VE1"%I4V[(3VO_$,5;PLF?4.U7ZPDYI$4@ M:4END!1S^]JEJW) B+<)P*[7U2BL;P$,] (P[ZX]B19Z0I4RTLAUD$BRYN(/ M#XEV\N$C_1]:,Y!T/(2VQGE%,KZ6[]+0"B[TR".\-FZ4]O?F1]RWXN0I'5%T MG_4<3UBH*K-6IGCS%FND!ZRI0"!*7$#I28QY(-\@/$'ND[-RK?#:3;YQ@UNE M!\R0AJ_$'9;Q7&T+]$#/N7#KOH*RHDLY8EGWV$K9H6MG^&0!EN*6^XEG M5^J!\@L(0)';+!/ HC2<7O83(3(DJ_2."@+PU;C.\O"89^(GQ@XR)'C.GM$E MGOP]AD0C/2!+!0()Z2-J[VP-?\)%T (8 +YDW&8N4K677!$40\@04=MF:QCR M@%GV0C,[H51>M5XR0T $(2M$S9NM885W"+035M:Z5*QR+QDB+(B0)Z*FS];P MA,ZDCR@YC\HL2_;K]I(EHG((2=+N;*.'^); <%F7Z.:=)?P2)\A^Q5ZR0T@( M(34$[9K-G9QP%EUK^P0 M$4/HW-5N>RE'7OX94 GWX90&VD>6UKH/BTI/C6 M_=T[='Y$7II2S!)&3< + ML- VU]-4J&[[B%52K2FG<(7EH$8\:8CO!F$J- , TW-?R'?[R*_8(W9("D&- MFP!CX-B=IN%9Q!AM-M#+J2*%J]P[2I1!22CLS-N99%'X6< M.]T"."ZV63CP%CH,%\\/K9KV^T"W6F6EQ%5C<1&,D671#:CGT7&/')!_9BU8 MNV=4DI6$$G>8<206>?X4M0"E-) 0TGD;Z-):"Y"H])3(F1S._H(>>+SB[:-/ M2>7QUTE"T.LV[>3NLB#MX%:WHD[;RRUS(;;8<3PAWK/TXZ?"[728 M7*1!'; M3GPC28C+]I'SU2VRURR@;0*>>)Z8^14[S)220E!BRF 7_X9#H0 ?>,5[P (I MZ))AXBT8%FY90#S=CV%@0I'1(%&^!^J7PZY$3OP$HP74SRW? _7+89<, Z_5 M+A]-6,MG'0/RPS:90Z??H0<7T[T3 0^6OA^>5[[!#K.B)N$H8<>(G5_1CR* M1+\&M-D@>^D@XU?^D2"G8H<94U((:MS;OMM51V9?<5JD5^H1)20$D!O[S:%# MM7E7)Y 8%B(N!DNP]M.P;5E0H[U>,CGB=SH*AC^\ -L%[&2;I9--7DPS 8X. M+;'#<^\"A-VK6:)6_R5:]'KVS.^!AE:QG_U.:+IM:K0;6M0/S>^(]N>@ M*W]I(I.K1/;'BI<+^]J;V2N$_>_@4%M4A2E]+-U>^[[S0WTWH5G1I3=&O.ZO)_M"B M-FFI86N.%D)AQOKLN%Q>\?;P)7M"*(1#C82T\50UE/KQC!4<96;44$V?LE#4 M2"<;#6CAX,-1Y$$YU=0G!D#23-_)U)T**%,>3,WV]_Q+)*NX?#5K%5;'_:XM M9L*'89?S.3QOVK#B)V1@\Y-AN!O7"\"/SURRMI7S@K85OQ^>9276$RW>E6:M M*]EYZ8(?F]E5AV%EA^FFZ0Z$N]G.K-6^SSHI_^3N61Z*$I=_!&Z->\Z,(V>L M8_Q.OZ2?NN7R=D5"=572'CBS[@'E?L;9U532<"$L2OA(Q=8,,WNT M6D&+SFB +-TG DVH8P@(%0LRO*<4^-\1M)V?M#B=0OE9'TJTJ1(MJ@=:TZ,T!M-X>;./&*'51V2?!*&.V"K'T,!,MSCPS =:Q-*]I!K4O#+6AHJVO3 M=^MG?0AWL&1I/ /39?<][V]KV:RVRQJ;/!V-._+([0D_'>X)O2YIL3ZQW6#0 M+;8=W/T2/R&-]>W@Q#3>O69WC3>0#@O@%KZPZ(8#LP'?FR^C$F79I\^?SR^N MAH/!ET^#JZNK86,^BKQN?L=\#_R\:NT;- KHXW# * 1;B15C!C+.D"'/#$Y# M_>.*C""*NCI__-Q#IV2X\3"MUQBLZ5]Q<(%CDNQ$>1U))-C!#['8D+-0@*6#D _S_0\0TEO2"!4XF)(Q_H FQTZ$5_KV[HEZQ;#'1A>J2VUF&:B.-5PA29#[CT M -*#L4-DV&BW44(0(W*+CQ1A UWG 0^B$@FOQ3 ^TE>6&Q"\%CK.!#Y&);R/ M!$&^HG)$>$5=IP$'H1(N2C78VEH')&5;++-&KJ#E]GT!8GH7M:^4$8,2NRXY M\-GC9J&V^L<@@:%5<.O54/!L ;@9RZZ"K?64-WDK,\'-FC+,R=BX%6NLG[RI M:&^G#FWX=I]BC?64-CFF(<%]H!*T$3ET*-%B_P@D?"[1ELP =Q3"6E\#[WZ< MX(:"(!!![K3Q\M"M)6Q;\QK7@M9CD0Z-GB(*I*E/%FG&_>S)F=G$P2[SLPJC MG"GQW(QX,GZ5]GV0:5I(>IE)HE%B!QJ&R?G9OH 7+<>WT'!*JZA,<2!M<]U( M'2@#UPGS3G=<['GBS5=I!66'T@/'#?Y0&G9!V_6!>7)P*C0ZXE8\F#44#A+C M^$[D\;S^T65 ,G;)LLVV;S 0T78BCJ0."2@Q&T@@%UFP%VVN5Q027JBWVR-$ M O',KHXWN[9Z19HL19KJ(V$J\5RYJ'L?/3+^[4("60.[5"NQAQ/= 3^!G9@TC_=YY)OJ,"@U=".G%D[(;RIQX M''#4T9V..)!DFFC?QYZOP;T[(PX$T^FSNR6+-N) MMF3+QW9FSGZ:@D5(X@E%:@#2L(3GS_S7_]Y__^7W_[/V_? M_N/B?M3SHDFRP&'#"?&#H'=!?&^&>[V?WWUX=_+NTVGO M[=N\\@6BK' 4]M)6/KP[W?QED#<4A;_T3D_?__S^P\GIS[W37TX__7+ZN7=W MLREXPP2;^MJ2@1]^?V)?ZS%P(?WEA?J_OIG'\?*7]^]__/CQ[L?9NXC,6-63 MT_?_N!D]3.9X@=[Z(8U1.,%O>JS\+S3]<11-4)SV3*'ZRQ,)U@VWIQ_>GIV^>Z'>FTQ$@_;?K,&POWKQID*Q\$_OLS]NBO*Z(N2G MGS]_?I_^]0WKKE[O;R0*\#V>]M+??HE72_SK&^HOE@'_;/K;G. I^XW@^"WO M\I//9R=<_G][B!ES7!L&44BCP/4[&K/Q,_7KWI\:]] MNQ^6)/-#@OWXW21:O.=_?E^GW?=-P5SZ=!)$-"&X/V%M4I]S3Q_14X"IF=CJ M%AP*."8S%/K_2K6S[WGI=U P#*<16:0_7N(8^8&UV.;M.@1S1_QPXB]1T)_$ M_C/CLA]Z#_XL9&-]@L*X/YE$21BS*>F.:<+$QW13X2*A?H@I75>LB7H/ G39 M/?<8!5>4#Y9A^(QIS(<,;:MKU!_OLEN^XL"[CL@#"C K^HTM<]NII3^=^H'/ M_M5:/UE*TZT^37#I=Q*%[)\3W+)B&4GAL*,>\(RW?8^7$>%??$@6"T16;/59 M_^$9APFF3/);'(^7F"!>;,BX7.":W>+FFRUV0I]2''-Q&#/)(@FX_E[B)<$3 MO\E"Y.RS#KM".+5M!',YZS;YDD/ (\QVGL.0[8MG/M_"\*VREP1X/-W^N"%B MY*,G-FO%/MZAI;_@%/ZKB3;L41"7W<6W N,I.\ZPC9/+79E%PP[AW+#>FJ$9 MOHW80G2'5GP7F^M@31PF+3H$\!5[,S9UY L,5P>'G%@V[A#6-?+);RA(\ T; M%>S_TV,2(F3%Q$E_9UK/I@=_P75^4YBI3[18HG#U<.V'[*#K M1=ESEVWGD()@V20R#MEF(R%LAS*[0-1WV3MUOKKGCE#Q(II4'?9&[4_ON4M< M3A3V[3L$=QOQ@T7,F@K276*,"=LPC*??0C_.S2?#<+.+O$,D#ME/^EV 0J?KA%73#B%=X!"SHU0ZMV8=[A*5;>M.N4HW2S2.YY@XAJ[_CD.P[%_+*+>GNE1D\W;W9%Z^2\ADSDXW=,"6?M:) M_X-17:*,F]TWE#OB1\0UD&JC>X*Q.6<7?KQD(V"SD->=0VI^Q*4Q)WFB^,^$ MZ*/M"(E/;>TF MXZZXG]+^25MK)A#[-PZY$_6MAZ=,'C))GO#;#7R'H@I;SP5F"N&'Z2@;L9;S]KE,SIVK13CX M)<:AA[W-KW[,OWAR_AD?WGYNKVL3>^ M[CU\[=]??1V/+J_N'WI7?_\V?/R?S!O-8 71I/3!@/OA(R+LP+3SIH@^I3V8 MT+??RI#=+66X V6!-"A$8D MDWD1A0]Q-/E^4]HF[) H*+/4RP92.I[=L,K MEXG-#<%J_"/$7NZ2\3&MSZVN10C;$J?\Z@"[X]C11B::^&S]#1(O#1$E*0-Q MME!S&\)C5&,F;MIHJUKQJ>D6IR%8:!JQ.?*._! /V3^U5K%"P3TQEWH6#$_J M%;&%YJ_<0*9:2C,#\B^<.OP27P5I/3:W9H&SV[\'$<7>KV]BDG1FTF1GV9*= MN8X^2EEVTSB$F=Y41]P@AC:P"X:/U#-!QTG,[^IQ8'I;CZ *A).H&:5J'-"( M2N4<4IJP0W/"PQCO,)/02]W9J?CI%5"^-.&0IN[@+R2B\FFZ9FL0CK<6([8. MQ -A/M-99]0;- ?AW-5P&!@HB$%'0-,0V;F#7R*G^)IU(+\)-YZR<\C&:Z%9 MX9LU"<&N8C9+-,,)31%2E;['RSRLJSI$5'."NAZ$XY?%Q*\&+6 M%<%,VR:*:4KD&APT)B_]9]_#H4<+N\L!HG,)?_+BK;)VWF2\R3% (T>U>5BC MN,?^YMXGOU108P,M;ZI54G_>U^Y9CN] ",\F#S>,Z]H",_O6U'OC'7,;6J%Q M82@/!_QOZWAW \99-,BWD)W* O]?V/O"^G7$SN+C\))!>V:'R:VGQ0+M,M;(?5446]_G?WM?OOO2Y#Z, M.FM?L:\D-U_.3L]/SGIO>]N&V/_T!W__-GP8/@['MP^]?\]:^X]7>L5%LVO: M)BQ:7Y7% IW=SEHK+IAP:M/N)(DF5N0]4%8"D MJ-#IH8XIJ"DJ''(%\FSOEC\A1+B4*B^B58M!B-'0ZZ.8*:AWM45X=((SB=%_FCM)%H1/[T[D<47E#%< MX#2V 'OTID?\RGR:$$&<)D&E#]JJ$"ZSU>-5 M"ZTK<\0>7GLSLEM\J-HM-BWWUDWV4.CU"M+TMN+TUO*4*JYEVK9P-',X#[CQ MDDD\)@^8//L3K#!QB(L>O'E## O:=CZ7DC\9DLNI/BTKR@,Q;*@T3\"/",FK M)0FT1:,Q<0=BS*#\.@7/&V1LUU#4@&#BT*IGV<*A0 .-+'[SC2T7YERI*D X MLEI1I0(#C:F-,_ +CF8$+>=L(QB89/FNEN]@YR'S7-?;>2BP@:,MLWL5!56N M;(KR0+8?6D4L,26'\VJ9 KT'<<->BQL1BB?O9M'S>QHO"2?S-/T7)_&T0"+_ M[8_;RQVJ-K]"V$1H]8OW_$;BSCNS?R_J3/XKA&7>O#.YQ)UWYF LZDS^*P0+ MK7EGX^\Z\%7;F+9 ,,^:=>0NA,X4+T$W;"Y LLXMY9XX[ZK\'8?\] M $FA8=Y_#P"4\?9*N$^_@I*"P'RC?@6@-W\7+CJ_M[WH2"_F&_?F[WM;=8[! M8*\W&,PUS\-M#JC\"MHMEN4:U=:"<%2V9EV+"MK=N]N$]X-8227,J:M .)1; MTZ:&U$GX7)JWB4NT\8AM11J'CR2AL90I5XU"L DT#X&S!-TEVUNGFCNR#=N$ M8+)PQK4A9JB3\3?6_W085F]T:V9D13T(1I3:T[("%S0*^P0CP3HB8TY>'(*A MQIHP.9R#"4T5[>"H;5CJ!V=AJ5R<7B9/KR 0E)#4-<$\I63,NI;GRE]J,V,9 M5^]B!%]S?<,C'A4_9*M*./.9*-G]BHO5#?IG1 8!HJIKN58M0 QE-6.U./"M M($,S5"B$WXI^BQ98&=-@W0J0F)0:^F[(O!CVD?W=()"?@<6YM*L1PJZ IB0C MGNF4ILD_"(?%9L:).MA360-"3$U-O2\RK<0(C<+^4_2,;Q#YCN-,;O7#I;+2 M$,R2#JB3XH-&FW0OC#,>M?^"_^7FDE5!0C;IIKTJ6!!X^R>;095>Z+"WSO8 M^9FZ+$$/H9O>C[N5P&PFJKZ^>RQ #Z6;KX5%R>IH>7$83( M17-8XO!%W9K\*F(8^XN(Q'FZX_%TUZ@FLQ%J*D$8A?78UR$#%W51DO<"!]&/ M@FW3B+YJ)0B1C"[HJR*#1I\4Y3>*ITDP\JD$3QH;%[B)<$3 M/]4^"6WE(A!"#^OQ4\8!C8CA8HE\PD$48[(DE,@*0P@.#-'!A*)]Q8%W M'9$'%'#3TS?^IB9E?_(8"J\_G?H!4SQL'9M6>5:Q=FP:EZ\WC4B/2YC6*,%EA('9" ME,,..C,TTSBF*J4@V"'5VEV*O]][TQ[V M.0$?^3]XOW\L]#O[Z8\1GK%IFNT&V ZFNNH(2T",LC%:;(1HNNW^3!+A7%7] M<\X74Y_@4I[/6ONJIJ=3FKR]2GFL1? 6"? MW?V%L ,:.TU^IYDI<,EC=>_30]D \\<>]'UOW$27AF]C(HS1[).51QRR\_4P MY!=6HU!/@;A\EY9JX_X6BPY@#[G=$G"[4KRZP?$\\K:7[:J_8LR#JU4)A!LU M"3$RQR['<"/X %1")J#RA*BK!.04[T+=BV3K8+]..D'N_[JAV"H^J<,#MYD6 MU-\G&+E_.@P%J(D?[+I]S"\&/;^89O.KRKJ47F'SIS[V^D4_F&IO7*LY" .S M7MJ;6G#ANJA'$:4\^T; /8>/40'5]IPL&]76K4 ([;$>\=8H6\MDE86%<46[ M6,G0F6:H MYD)Q>0CYX9OG5-SB@38$#C/9GB01_5\SV1[7LL+O) K9/R>X5M:]GQQFW>-R ME?Y8DJS;<,9;_$/696,RF/-[5\.P6"+MA0"K AT;MMG)Z/?^F>3I$-GY5@% MX:BQ; -.T*03'2C-)G8] 6#VYT%3XVG?RZ10!H")BP)QR-32XR)U8G2'SQ!H M'\M>6(-ZU7N+[2%F*R@B'OVVY(=?5O[3Z<_J3&IF=2%XB%3Z6IHKS2#M\X!R MC^GZ-5+!\J8N"B<:T]DJI@;($W=\@UQX(?O:CA :K>[R,2(P]Y8*BK];E6F*FGV5/K@X/ *Z* MFKC9^:C3\*AJ=.EVM6=("04 .767T8IYR9%18 0AHL)9IY1>)&FV83G4]"BW M.!X@.F> GWT/$)Q6YQ-E_A^$E6[RH'X_C.2;*]#EF52&<"^NK?RE^PP@O?(+Y:DC\"=N? M\$ZYCHB@'XPI-VL,QA2P'R4PZP%H:F'>&XU7 ACA6F[HMT%]()1G81,.-@'* MAF"H0'N; &5GM&9?TH_QYGW[H7>)G'$1+;2HQ MP[HPIO0FM%L"AL:Q.?C&"SF,Z&TW;-N@AD8Y%YPI9[KD,$U]1D'JHF: "%DQ MV7]#02(;UH9U81"]AYV:(7YHE)<7GRH A?E>70U"2/]>B-9#A\8Q%W!'R J( MG0VG5@$:M@GA.L#>IH$&_=)5;.Y#YE3(7(L\;/SSC,&$K7^BQ M!6YCD&";V6B![2)QSZKO7^ MT=W>'(;3B"S2/, 7J_R/9GE%+5KJQ$>_=GQ>))2-"DISD51!M9HZ<()H&_!9 M MD#15NXO[L8$F3JABL1EX%8\?K7?=4DO ^L^ 1J UO5L4K?E6%*)>O2S9XHKI M-<-VSR_:!OE))PJ5_I7:34(PMMM2YP8Y!+JK)VIVS.997&IRK6@/@OEU7T0K M8$.SR%W[(0HGJ9S9[?E<225SK+PX!"MKW3E7C@H:7<6'G)A.%1]0DS"FK '! M^%F7-"4P:+QMIH/U&B!A2U .0CJ4NAP)X$!CY@OK!3XUC\,!VP!S7RI/X\(F M!,68TM2!D$ZE+F,::*UM4FZC,"HOH;D*L?\)$F_S*Y>5[Z?$"9*4^Q9GGX"0 ME:715L993T ;W'S$[;@M H'JNLNN#O"U>C))%DF:%;*X MBMMZ[RHO!!IZ[S(Y4M]=09)>492C_^[HOSOZ[X[^NZ[]=T=WT-$=='0''=U! M1W>0ZEV%[1EDG5NR'P^B2B94FXJ 1FT-%Y(>'[23FE)F\7&A#KNRE@[1[=0( M\"'Q?XOKC.2TUB%ZF8S!0>/PM5W:<.QE.M[+@!=Y7W]L'MK5BX*==AANGX)X M2)[8PXFGF! VQ; =.QTD[)]AS*^]1.$D^Q^IRU];[Q!= M5A;PH#$Y#&,4SGRF=)FNL>W;U4ON6OL21=X/GQL()'.L2=6#]EV9083&J3)G M6#=9P1R;ELSGQ?WX$T4'(+IQ*@K_:N="_'ARNNM"Y*WVLF9[A7;+CD19(0=. M0XHG[V;1,V.<-\NU\2S_-]?#LX(>9K\6-B(B/Z"LT-'%Y\C%IV;AZ+T[>N^. MWKNC]^[HO>,X;M _([*V8*9/_RIF?EGA[A^%,)_R91C@$Z.<]N7%@:P :D53 M,P3U#K8CCDK7ES\#NYG=G#JA@.-L8O$#[@U@HF\_JN$L,Y-TM2'U_Y+ M:HY7TJ>J "%JP(8S%19H1 VBD,8DF7 9AB$#.&/"JJE25X$0"F!#EAK-?NAJ M8'VJ6!)E%JA1E]%V>K$Y!;(=_JL(FY,LO7;[CF[7*S,6M1"@>12V>#2+J]8= MKZW?YZYL*E MZ^D$2Z\%BHMV&7QF-VC$\D,CY/4$<']J0M8Q7!MVN/;YWL@]!F=W%DOFCD7# M4.S]A$B,LH<[UO$S='L;:#>HAN^ ??3D!]F[ :5+V,7<*781%#]5(RA2D7H% MF7CL1"X6#Y[8_J5X$;L@6^5B=E$\*!>SKSEM>.0_\R<5RCUM=A];WT!'Z:!D M4EVL4NN%SF]GU4+W\1OUF=U)(&4.&IJE32'\5O1;M,!*AY-U*T!\A34TWI!Y M,6QH[*?3-FK 5]@!5IK2&>.[X"(E)R@[:F5-@1\ MY-8G6XKX@.B76[YTE2#$C>R%5I!I"2YP$/TH; B9D)J'OY4U@).G7$V5P*#S MIEHW)64A+)8&ZJ>B".BRN"NFW5IH7!O" MB0P(-9Z@0XS>='&/-B0ZJZ=>7P MNVKCZ8!@SX_[GN=G'RUB>KTII0BA_QT% KQ&911(&)6>]7RT+8F-?N^2J/H[IK&>#TW% M+L^F]0C1 ()F._@-$9\?".Y1C!6'G6JQ[M,YU#KD5($ (T&Y!Q85!')FD2F2 MK//7XA]V]X,^=-2C1 AIGVL'WSY$83P?1:'';\S&F#RE\^84LS'-!1OY3Q'1 MKR66#4$X@\A5K[*P6**#MM HQ!Y>C._5@8MF=2$<;=2$6@+:ZU7(($J?#6P\ MZBP;@N!ML!AUENB@C;H[PA8-+J5R?%5*04BY8#:2*J(#Z'2A>4,3&*JITUU$ MJ!$8G?GR-45^BO#=H!=_D2PN(D*B'VRV&* E^TN\LB!;W@2$9A:#<1B6=HAF^C&-,[M.(3 M>?[\@5T,VGDU!FW==B]MO)>W7GA?H=/8L_*BIHHZ$Y;L?I.I<+Z("L*),5/T MO'S3",;U4A9+>UE>7AR(&T:N5'(RBC!>#R6@73/-:&K=17/MOV3&3M$"8V B M-JD.P1VC4[VJ>=@$&8 Q-8K"68S)@@-\9!]3Q34+B\)Q]QNN-V(8 *E0![U* M"@-9;51JI2+#R6JCF;/J35709RBU]E3F)^#3TCT*9ZJYJ/#W#B8@B;W4< (J MR ZEIY5.P%()(/-+13\J'0Q(F6]81RV2A;*3=\I F%$$FE%ZL*4L,81^SMQ( MZGXNEX'@0M/UHV%U @3DL^5$X7W0/-82@#&: "%GQ]/B+*%$\#:ZJ F%^ M<\'K+BYH'I/U"^;7?HC""4X?,I??MI>6AC MUJ5+ @D:4_R<])B?DQ1GZVT1 M"/[\>IR4<;0:CIA;,UIB[33CB M\;2$2464I ($EWP#7B2HH,UDY14RC4#&-.8JY! MVP8$'[V+[806:%=^^J_8F_%M#A7;V!L4)X0_X1?VV?(9?#CY<*)W MJUDT L$F;J*\PU7IUM45BR.V.B0G#Q@()W$\GZZ=XMF-LHDUEH M.=26AF TU/"GQ0!W(*4'^^*4H!U0@AH0#(760TR QI-A=2NXWB.R2!:+ F> M\U6=K]'LQ,;.G91;-L?31_0BH^J%>02SV MA[5D^1_Y@WD;X8JU>*K73,#_2WL;$7L%&;L]L&\Z\F)U@0+N"GB88QQ_(5&R M9/!4IWBSJIT\&;"5K,!:>D%.]6Z>KA:< [X-:Z6' W00 4SI=SQ#-^O9>"/L MYA^%^S'*+ @V+0 Q"QBJ;"EC@@W,OQJQH,T(^R7;O6'!#?_K)?,>+QF8-!<_ MV_K;ZH!U*Q#,$#54OTB^-68 ;*]W0^-I[>%NUP2$4W!#GNT R!Y.Y$)=B&; MW>X#]_9EV_E46OWCBHV;[+]Y:"+-G^7CHT20AW)&7GK1L;8,?C&V# M:R&X\:]L"LPDZ45A;R-++Q4&B!$P?QHT] III*:.: ,V*KO1 ;WOT]0J*Q5!-;3MZ(->*NQ@?9K![@<[U^> M\D-9N_>I!GM^=]*Q9@S#91+3%/T'L\5<5 /J&JY5=B'+(H1@"6RPQ!D[BMQ\ M X#7R&5G"56G^8;C5?B9_IH&XWUKV>$:CE4!I:+>LK4>GQE;C_7!H[D5F<>< M%B0ZFI /SH3\&B-2VS,='\-601U<7VO8ZNL.9-M/P.(!![(=S8]'\^/1_/A7 M,S\6#"IGUD:F,T@S]UZ,3&='(]/1R'0T,OT50T^[,B4Y"$%MSWKD(.O7YY./ MQB8BB)F_7"@$KY]"><23>>C_F>"]VX3DGSP^H]"BZ4?'O.0]!FC;D=?^. .T M_OY+O-0 KM/_"L\V0.OT/4VR;9Q]U)\][..029>Z/B')U\I7<6C:L3_P'3&_ M[:[(O*6L 6'JZ5331)W2U=F)H>(*R'X-TGR*6;3 >/J--3J/ M:'=!B.V0Z4 M(0UG=XC$(?MI[B^;'[!.3ZK9G'_8V,O4*0@$]B;'M0TKN M&H[J""4IVSP)HH=]+O%'_@\NZ,>"H.RG/T9XAH*KD+$CNC\E+ 'GQ*/L83X( MA?+O9TMAVN&9)$+G1?7/'1],% JR[MVRO-!V:X5)0NWRKY;K\GPBTY.2^[XJ MLKO>UV0P%JT,^I3%JEI=[@Y4O6T, )KFP[9@2?9GVOG\:'HZFIZ.IB< G7XT M/75_GM#9C!3E.WRL4@=B9Q2(UH-785Y9[R$&:.G'*.A/4K, /^[*^%36@#"\ MK+A5HH&6UNC2IS'QGQ(NPPWR\&,T\A=^C+T;$,O<23 )&M]6,W1WW] M]B!DL+/2>/H01Y/O#W.F=UN)3R4D&M0#\:2G#8,&F%I[ M5W40+191F D@N@&J*PSBV4V3SMEIUNVX_TDN_ M2/.@@0I>/I(TD=]*MT45+Y4A7ENQAWZ41^CY<)81,& MQ7ZAF#ZN=US%DQ M,=/9";#D5.YX%,)LS8F<2U9:Y_1.9%4M"'X=$TVL["E5H* -M:L_$R:-:/;7 M^2.,:G;GF; 5CHOR]?!0W5-I!BJ,TP2SYDF_FO][)',*&)<&X++HB;IQAA; M.[B+YYWB#_X$WV&2EC.88$T;@N".L"2Q"5QHA_H=1?0NTP?2F;Q^Y&46)+-1 M*JP(P;O@9H *X1T2EZK\=P;U(/@1]L!DV];1'5F*HFP-)VL#86Y)V@BNG'2; M-0S!R=!H$FX&OS7^M\+L"J$;J_6;@>##:,*M%=BNS*T7.&0M9$\X9:9C!Q;7 M#U6+Z_8[VTLN,(VNVP><4IXO,O959E=EC6[6T_S5O5Q]H\4R"GD6'I7M55T' MCOG5@)_R*JK$!=3(L)92:92372O(A(XC_?8QMIL[4C2N"-%#0AF M-6-VE4B@'= +PMXA,B;IW)YM7266-:N:$$QI=8B3(X)&X!UK"Q."/9O!IJL$ MP4IF3)L.#&S&+$>=:64(UK&:#![.V*O,].,DIC$*/3^*[QZ)"BD:)+>>+DCT1*SWVY0B&991M/0NX@0\;C=-:$QQM?8 M\M&;TX^BR,_T^VD2G56O* '[XUJ(WE:*](V;5 Z>DR>7I,=%@6*EE/7HQ:KT M%R/[I55;G>08,!)0E?W!H@&(-L\:;)<2&EC AV;U*4JHM(N*"@(QBMKKKXP] MJ &I#5@"'7SJFKEN0U"_1(&W0.1[==G5V[SU=2'8ON5Z6#%\ZP%!&V3YQNC2 M)WC"/D$'<^23!0J5:4ETE2"83]6LF2+9Y\C)MX#Z8;)3$(*-TV),[$C?6J#) M.)YCPH\P?FS4R^+R$"R3%ITM!M'>U5>TP-18KT6E(=@1+?I;! &:44.RWZ@< M_&2 MH%K:_S0QFG!OBP9GJ42T#8[IJ.R!**UP5CX:OZ6FL&AJ50: M@KNS]G 1 6KW:ASE#I_'*#TS9YM=[@ZZP3BN.C2M:T-P;-;FQ@0@-#]9WWOV M:416_1G!:S=9>GRT]8Q]L/*,K3_;VWPW=8RE7SXZPN <#X^.L*,C[.@(V_== M2$Q8Z=GVE#,*)@;Y.U35#LQCHL32VO;F%3FQ:KE#.G-B&?+")FNVNZ +%'+; M-IOJ?13<8Q1<41ZV^8#)LS_!!IEOZK4'S7ABR)\=R-8XS=]!FD[]P.>0?O?C M^0VFE-![/$,AVX7^[C.PH:>GT[HI:/82#9/6^-H8BY?X&0?1TFYR%%2"9OPP M'%4"), VIF=XX3)HO"L7U(&]03?9D0M O4:J#C%,%R$8#3=BHVH<.B@^0J\Q^.-*$1.\[:H +,@X-(N!V2W:Y MQ-AI7M6;OP.EW=Y^_!$9]G:A9)=V.1>]78#2+99!M*K&39M4 M #'*ZH:.2C"UMM<5W8%A/XRG?4IQY1UUNZK0 B>LB-&B:Y&B;(HN"92%@ ]# MGHAG3(KOG:HILVP*6L2$)866:%NC]"*A3'I*^Y,_$Y^FW7I7?"VE'Z2M\M[> MEA!<*W'5*+1@#"N:&^!N[QEF]A5,?&1!I[3*05]CD:)J[P6*\I?[H;>^4':+ MX^U$K_01FS9QT+=:C%&V^'A(YLB^].DRVDCV@/C&>!@^8QKS65XYJHR;@)"J MKSYUIBA!4#= R^RUM[K$%1IHE3;)&]I[H:V L372KGU^_=8/9]4D 8IR[9J: M3AQS4,;2?FF5=@EP8.8P@]51W(79ED!>IUTV7-LG MY+C:N_@=Q2BX(]$_\20>1#3^1K'W& U0,$DXJ+*$*HXL&VJ7.-?V"TNP708U M:5][D]=IER/7!@HY+FBN5TW*G$M,)\1/)918Y&T::)=4AXDQ;$"VOO,N"65T M1MJMT2XOKBT/,E0=$R%_%,"VQQ]"Y?(]]9"<:.^.4_&3;3+V)[L"7J8T+8;:Y/^ M(%H\L>/@CNT^[P\1RW4::-=_[,!>40=D5^9UT^5-4:M=?ER;,U3(.C'DT>LH M-:AL?NN';&Z8;OZ/X7IFXJJWB#4;;)=*U[:0FJ ALFPX+.NVV"[/KDTG=5&W M9T,I^0?4URAWB[9+C7.+R2Z)6Q\(KJT9 M%3A=];GI0%#4:I<)UX8+%;*N2/D:!=X%FGRO1XZP=KLDN;9=F"!L[VF2]>F; MXP@QH7-_^8UU*1U2FF!O& ZB,,0I,I[RJ7""2$NIF&S<=+LTNS9X-(9_ #J@ M]98U;KK=N&W7 1R-X;=H9EYGXTN?[*'\[IK&O"RLT"Y?K@TD$E#=LF"X<.KK MMLN-:XN''A\TR_%F](\PHI@.PTFTP.GK[FGBH^R*8?JW>[8E""LS:8-VVJ7: MX2LK-;"V%SC/%"XF20K"Y%45P>A?A4 M?2Z]^(7T&8CU1WJ%KW3[ ,3.O'>! AZ'^C#'F+^-L95XBXM>Y*':*/A"HF3) MI\X@X0LC+Q.%;$YE.\Y\>F7 54]&M/;U+E;E_8-3I 5IZ^-P'K=H69.+>XFV M.AO 5M-*:OY2J#)#;.W6@&13:7>(%U6N=L\==4B0+O$42&;(@]4K86_N>'C_\P2$6GK ]I]\!P]C]LXIE>K'C.A-LH%L]'RA2.S9H$MT-6 MJ;U4!:QA U"%_2]C%7M_ZW;&@@3=Y:_LH*/;-3 >5/+,HE]%==00EX=P*NQ( MGPQZ!]I1A!V:)AA[])KU7Y84:!N?\14'WI1)NTGN))FD+-N < +M>,*Q[#%H M2O.%=30=191B.@ZY_+28 FP+1:(OYM4AI KM6%7,.ZLK1W\AVI&NDV3204(( MD^]_,")V?O[SJI^_^ 'VOYMO_+]>_I4>_TQ=1[_N0?5"FNQU7V_,@UO!1&[X M!NWL*1I1\$&1E]NZ=O=NZL:<*>(4Y;@[""@5":-_PYPG;*8C X+Q]_X2D2Q/YC4BL\C$H&]4'_TUN!->MF@'S1ETC1JT@0SNR"!*ZZVQOZBK=&OPI+X9'N4$ U7:14(UJI:A$H1M9>5AV TGJX%6)_*E#1( MJT"P"=6B08JH@Z-!\;$*_DB%V8&@6@N"U:46&2I0W1S5"(I1/5JDE2&\J]*0 M'2FV;@?- "W]& 7^O[ W8*O7.I5=:N7[9V+P$$235B&\P.)NT!F";F^MFLT( MGC$9TV5S/!WY"S^_?I5?Y\YN_,#7Y6DU;@+$*S7N]K0BB- & MYAU:I5OKQR@W"&F#,90U0#Q78SOPE(A !4G<<6'JA$A\, ^12+]Q#) X!D@< M R2. 1(P R0>$)FQ";M&;(2NYNL(B]"A;-'C0Z(?ETZP]RQI,;8&D7_C3RV^D5AG?&DK]NE"\P=57J<[:U4B'P?^&02U%JK])6[ M]&\Y7*WT0-N; ]$LP!?$]V8580RV>R:U.W5H.9P0#:!"LZ%OC6-7#&>\NL'Q M//*V=^ZJOV+,DQ0I4O[(XCXQ8^^Y6_"8*"E<&QPOC-B"D:3'3S.KAPA@D@-%WO,EQ MO,EQO,EQO,EQO,EQO,EQO,EQO,EQO,FQUT%WO,EQO,EQO,EQO,EQO,EQO,EQ MO,D!Z":'CJN(K=JC"(6/T;4?\I1U!3DV">GRF'9^&4')G'UC!W5GHRG8%M]D M?XI%8JG(D]%A=?IH ;=:.V%Q7/-!<5\R_VHFGQ+SW^T1[_:B_[;+>/ M.&_@IQYR;OHL+&\W&'%HWCB\QY.$$'XT"#VVB2'K_[U U%<^T^RP_2YVN!OQ M+U:YL%RSKPG^,\'A9*4(BS*JV?W5R;WI07$/;-07 ,XS&SE%4BHCH(QJ @F# MLM!I(8DJB$!)I$5=53YG95P;0DB4A;[JF!1BA,1F@WFILI?9PQI5^$9W,5=[ MZ2RAYC1?)=J/UW+VJ% 61!.@D#^2PL,2E^G TY[VZC4!(?9K[XIEUR70[*#C M>(Y)H4?,5<&H)H2PL[UK@%%/0"-^(^0MCO,0XSRV6+?4""I "&AK;P41=$#' M<57LU.Y[^;M5CP2%-/=WIG'G:Q-C'IO X5#3E\H"?';_[&@6;K#EN_6RF(7)?0JRD.(]=L[N0K\ M73F,'I(GFIK/XJMGKG?;%U"'X30BB^Q1>"L_T<_5-S^W7^EEG^&^H\V7>H5/ M=>L;VND-E9M'7+234;@C"?N>ZO*ZK#0#>H!6H!!?@VBODN/0IC/V0GDO$R-S12 MY4S9K$D($ZJQ/DOYMH;=7;+T \UW+W'*Z:;58TK[8TK[/5Q97N()GR(V2>_R MI\_/3O@%3_/\]C;-O))D]S:0.^?S\RA5-;2Z\B/;XNZ=E4AA/_:<&V&"MJ 7$E$F[N=@H M#^NV:0-"5*\-L9;P6EM";Q..=#S=+ 1IFB&3J_&ZFA "\\_](0H_L__#U!+ P04 " ":VA-.4?;(W^< %Q@@ M%0 '-R970M,C Q.# Y,S!?;&%B+GAM;.R]>W,D-Y(G^/^9W7? :==L)#.6 MI%+U3+?:9G8M229+>4Q/?W @'H@,O.*1 MX:!VS':V2R3%<3G0<8&)S'A7'[X]GWUFXN"41+_ ME;Q__]U?OOOA^_=_(>__^O[?_OK^1W)W4PV\88)M0^O(*(Q_>V1?(PQ;[_ZW????[\^=O/'[Y-TB=&^OW[[_[7S?7#^IGN@G=AG.5!O*9? M$3;^KQG_X76R#G(^,Q+YE\[4[I5?SI*T^^ _KN8/L&?!L3^$<1^_V\@]G\K?GP=/-+H*P(C/]TO MM"A^;/ JB+Z;3,H54V_:2U291JL\Y(AA_$?7_6@_ZX2&5C,TJ;< M0;HN/\'^:9F&8L1WZX3YB7W^+A(S+TR]^Y]._\2T/G7TC(7!?C $L*C=]]>OCJ?Y2DA-$204PD:O)K2?___?MW M_-/C0FS\X;R!YF)2!2Z.:1MDCQP86Z>?@F /B^&?OZ-1GI4_ >/[\[OOWQ>K MS7\K?OSW!_;'I2#D*GBL'5NQ! 9/J[$G$?FT^GK!S"4-H@7;&'SY?^BK M%E!K');&:@1NJNS1( 2=54J@TX!B,.&C"1N.I;;C2GTJS2VC[15CJX#2_/7T M>JH2KU1/^7>3:F7[P_I-#(R97@.'2GAJ;;NC:9BPG>'FDD49!OF/QN'IGU+@ M8T5L#$+12(4$^C^\&,RVV!L"P_&T=$RI3Z6Y,_;Q#0AP%05/"BQ'OY]>4Y4" MEAK:^.6DFJGXEVT MB5VJI6[<#@^G;(/ M1]LY&<4_VD IQV+LHPR":#2<@A*P+2 M0?1F:21"\W .4([\G($"P]M9Q='Z/$Y)."D1M$0B1CM0&@70F0.B4V__ZW#E MBOU$M>IK1^(= 6B$/CX$.!J&<@R@E$&_I9:C04Z =Q0PMN33:+(XDW#3Y<98 M;&U6"*[69VD@HD:WI+!J1G%:Y(56CRL]0A+!A*-':E%EC6F.F%PW5)]OGV_R0:?.&[3FI[C)^O" JISW-(CF&5C< M(GZA6<[O,-)D3]/\]9;JM-5*A:.^CF!D?;:03*[@3O*TM BHB" C-1TI"0FC MQ+&! 7"H@!-6=-D9B4^%0\J5?\LX7FCZF$SX%\'S6Q=!]CR+-_ _\]\/X4L0 M@3RS_")(T]$<<+S;8' ! [>&?]":',LQ3 )FRL"&Q5WA.J<;-3"M>[21884V;G": ML8V9!B&X<1%(L?B49$3K$K#"FZ& -G0/6ULTJQ\/ ;?_[0%>$A(F+$U9E(!G M_G5PDRWBV78;1B&+7;*'PV,6;L(@#6G&]F?)FO^4P?Z_DS#.?V;##TQVS5P- MY(GC.$:9"-FK#&(XN4 M+=J/$=4?VVG&(ITUFP1O'#FK!DY_\JR7HGVH6XPE]6"\([@N@M=C$/WU74KW M0;B9?]G3.*-%TAY;C&Z93HG_T"!U(<31=7=(LN+;J2:W E>16II5$)*"LLK% MA,BH)L:QD,&@J*#$C''HEC))-Q=)EF<=3,:!#BGV<074B(-L1-/'1&X2M:., M@HYP0J2HJ*?LQ:5]_,1/!"(*!;'6P..,_4>6D6"]/NP.(G@*=I")_4]1#279 MDO_^_NS'O[R'C00OY@4,X$=_^E#\Z,]8YR133P;FR4G. (0L!A 7V"Q:F']9 M1P=(KOR8))O/8:3?7KJ08IV#N,-J'G?8Z1!.-5R%4FS72U)2Y$DP8E)1DY(< MZX!B#& !I^UH85-YD@$0K[G["#L"%7[UP]F'O_QXY%A_./OQPP\ZSSJ=QUGF MSS05DZ&9L\8('/^A$%)V$]*O)_<&K6^W%(>/*.P=Q[!=90R4,DZ=K*?;2J-J MH%[YD/3.^.<\I;+9LG6,@O&ZF!I;F$[/KL/@,8Q".&BT9(8J1^)HH$%H61T5 MPR;73:T,[46U'HF>,MI!ZL7L?'&]6"WFB,FCMTE.L[O@U5 XLCD$1VU58LKZ M*O]^=3\$1)S,7=B\'*7,<)WWOL*3P? &^? M97!'>9[$&PU&S5BD%QTFP1M/.%0#IW^SH9>B78Y1C"7U8 *CD8I(]A \J 97 M:HYX\AN^A!L:;TKK['+XZT2*=/[; 5;C"-B!;OI38&>AV@?!)6GI_[VZ.1D% M&+X)'>@J:5[^=[$B5VJT))(NX([22EQ(,1)-W.52)G"LDN/$$[_,:C# //$E M/^6!,FG#_/52I(F6.YSCRC?VX4AQF$7\1BBF&3M]-&84I!W7%,-),9Y4!$@Q M63?Q5S2&&LE9B:)*2$9?6!X.CTFZ"6.PPTOZJ'U9WAJ&I.L:<1LZ?C1F>MU6 M"M#6:6D8@7%(JMQ#VHU"V@DO8[;;FR#]C>;\LNE3O U>DM1PP&,8CW118P/0 MN+;1#9[^$L>.1.7N0/S%41[&-833K6XS2>;S3$(3S15 B@2Q8MAN-<2 M[M(&++AZHOA;@D7,0-$LOV=KVB5-PQ>VGKU0^=XOOPK"U%2^H!L+M&R[SC"/ MLNZ($!$+6%)? 4@&>? M@WVO) Q;-]$B6W<19X<4&OG>IS$BZ1&#?S&"/0D1I512+_&3%JT)ROB MI-;:113YM09!)RP2E^QVH2AW 95MDAB:?M!XK==/(P5203@[B$89./WPZ8N_ MV61I!WTUA2CS)-.<)HRS5WGKCF)Y<[-8W+VX_SVXO%_(&\ M(Y!-2=[_*V89[&3]VW,2;1AV*/:4OUJ+7^L)L$I>VR T"UWK1B.4MS:+HFA? M71,008&>J-X=Q$^S^_E/R^O+^?W#OY#Y?WY:K/YV@HV_0JX\3\/'0\Z/O).[ M ,*K#Z,*LX MF*"B14T@?0(RL>!7>_XAI(.(D6=!9O:'8$6/,](S964;!$/,T:>B?.V M+N MZC=AG$ "5"GS(E[N:1I M ))A#&#_!SN=9&O,S7.7TG<5.92;4&9@YC_)_]Z0;"OOL\&0&$(?I8N!1C_DI%&D,5&BZ2W3ZESS3.PA>Z M8 AV]#K)H(K)S!(6M_L9T.9"OV MI.#?/!!9)>1HN3_I8-]N-(YFO-FS&6JS@E!/N0L:$*#>4Z?PC@& MI.9%I,(LW;?CVVVL-&7I.@A&.KLJ2B@:UY))> M(&/]);CR57A7]%2'+GB$N4CY.#Q8@V WSK.ZL$+]URKM\#ME.TDA8.I UM#@BP+MR$<8\E) MMV?\-$KW.N],RM5-Z1Y^P19(.*LZ@_^&YE \AT)(I06GP!]\YEH7!Z.M@IPX\4N#%B8 MTVNVH=XK#"">^Z0]9CGBZL M$[;1<$\#S/58[22PCCU4JYXW?AN1>_I"XP/ECK>C4^K& K>Y2!>8JCXC+O1H M+4?_RJ$(+WP-+R]EJ?DD>5NQ_1.KW\HHL[^;WL]6"#2"S MVTNR7/TTOR<7RYN[^_E/\]N'Q<]SLKAE_SW'K*+ S<=6AKP]#*N*@EK<9A6% MYAB$*@HJ 11U"<0P]'1N1WF+6]VB_64,YUQ%,A;;>B.6K"H3PL02<&2\-RR& MVQUV_'<%3LTL]."#5.*J+^!&Z:NN3*8OB=5/0H69,46=\]RH*J+YF*+=U8\* MBPI8A36&G!=69Z/Q@'$P"R68R1=&Z P,C[[ +_X2YL\7ARQGU,:K%6,AP_)SPPU\?33]&M5O?,H?XU;OAJ"EO1PM4.ZR=:.VN+K)U"U&GND2T2 MB_OB<.S0VG)17#0[SD3?>_C>LOJ<9B?8@Q[Q*K@+P-;=KPLQ[F6ONX3MU*RR M>@C0DB+8JJE/O1FUWHJ^76AN]YYCX/-M"UZU.2YSR0I)]?X:#8(8.E%73VL* K2[M2[BZ_)EI[P(EYNM- #6@(;R^HC13 MZVP70L3=C1.DUK;&2(6[GW$035F-1>1XEKVN\H3L*@:0XEF_H$5*\>R#JZ0A M-1$!*ARC'@]._:P>[;H]%-&6=X"WK/1Z(:[!J:5I__&I88:FA M*'&Z(9M#6J: USGB(AN;;).49#1]"=?0"28[K)\A>?LS,_&4_2?]#/_S%+!? MT8BN\S1[H,PA8<[-P%4Y."YY)IPQ8D2J_BG,ZAF$5 K&4(Q4$>9%$5! M,UY!H%I("F*^I9/(LK1&^-!)[1]<26KVAJX8A M[N>.9#!NYZJQV)LYF]!:0:?3X(_,C*#0Q3(N;[57--U!8T7]*9V%!D>KG8#( M^FTDF%S3':1IJ0_0D*^!ZAO(OZ[R*"1*K.#PVC<,AWAREM?CT6,D0O=@8@!3+F+/8RJA%D3V!DX?@(K1(1J#C7S/:WJUOF'6$+XE'HXGH1YJOEB MA1BZT9@YF @NQ23)7JCY;LE*A12^N8%I!'!FDNE#.!=YVD& M:,8;T9!5>F#1Y=?@L;_!*E[29:;*P<=76JAK9A_YMZ<2VI"S/X+8TJVH"L$H ME:>8_F9AD==R&6;[1/S7O;B;+5,7C=B<>:#6F.H&5%%8RHT!=C6I+E(:[N95 M-W[%/1]S=7L&X!D.2, 3;OA7>#?75,H+$54QT&HT#9H'B9Q#E!B0@D,9&.'6 M8AH5Y49".21H&F=GP1=+2A4!E7($SHY!(:2\.Y!^/?E.H/7MMK6+$0A+>G<9 M^ZY_X^CB79IL:98QPP@B@T*VA^%HI4Y<636/QTRNGVH!5'E(U3!$3764]IH^ M,3%YON]Z#6U&V-KI08D%31AG&(=<(D$5CFD'X94XL"RP=6,GG&"AJ[QNAXO3 MW'NXRBSN/GP[%N5U+UE,9C&\]C"\BSN5N,=W=_(8E.N[M@ .1G>B#L0N-W<. M\C8O[SQ8+.K&(S;3E$J$;ZMP>-KTZZV1HJS/O253H!W;-M*YB%Q4>OB[\\S?8 MU23! N$)NFAF<$/SYV13WS#H/+8C+6:E24=@[;J3%D*D*I1.4NF<*$]"X\40 MBCY%@EZZ2AIY.7#/J1N";EZVVBRMBH7IA[C1%#/8;L,(.@4@[930X$V\,-XF M<=)PHK[J"X0CWDW4*[T,04>XT_$$&TX MD=M;QA?/3% &X4(T_5MN:S3EPS7;+#DR079OG: J79H3!WPWUD%,O>M*1%?Y M-><$X6;1%!+4-H@ES2SK*+PB^JLAB#\6:"\JI!A?2G;B,$G\CIYVU\9$3J(#6QW35^8B7AANN!5P MB^UTM%[LQ9;0F91EH"DC#?C5#1*SAGZ?\GX_@]J="4Q ./-S'F5+BF9O_P4S:NKSL*9 M,_S\'8"($LC794&OHRN-[/#(9 ^#M'P8]8\D9-/WPH0X,)WX!O!_?@X9+1>M M$8+ AK5*DX2Y"O@#*ZS&SJ?5,IE[>1O^=?&!;TCUB>I7(CCUZQ9PPND2%PM? M"Z7\YCMZRF>HNBR8*7T0SP)+/,LY@*SG,#>D@LD#\'+=FR(>9[F+WZ+DM\N? M5F:VA_D)D[M<+-&#T4%RM]/NJXBS'88=A6M!Q#59/#B/&X+P MT!&^5-P#U,'&OA8!+; :=\::#.O6&&R+"RZA&4+5Z;0R9\0=_/C34:M-D.=I M^'C(>0/LMHZ$TDPY*?8[JYJPJ #YY'/6/?O:EM2OHY5!W7 M-^!3S:*?RJV6)L/]ZKX4@20@ WZE^E-,7"?O6O$FG#FIN?ON8;O."H->:$\' M)ZM7&+Q=76,6-*'WT1BI#$3*;NCZ0.<:YX'6;CF13"B _/CFHFP4N'HN2,86?,M))/; M@I,\[93Y@HHP,L+I""?DA>@*4IRSD7YX)"-B7IZP?^S@-AX8G)%'CDP46E$B MF_)Y\FZ?TF<:9^$+%:Z!B;[CS&9I MF#&_)7S-CI_@0XN.=DTQ9Z]W/J%_!>3)T @B:2S:ESZB_11H) M,=+W2/%!(KY(Q"^)@[HS[X83[X3,IO:3X*)D=;?(UAWY8I7.FG[W^]\BG MWY.=Q..\40]S H_RUCS(V!Y#VA\VW,)J8K+WTEUTGST/S;RC M"?MDGOU,S[N5=HBY^'AE\ !"P&WT;VXG*WFE^1AQ?[G9GZ[(LLK\O#3['[^T_+ZB3AKV[).;KP@W=/=)4']<,,\V&]Y:)8CN@G"SB"^"?_""@&B1:S7A]V!OYR]A-K]L(&$ M9ZZ+>/YE3;-LN:T2U\Q6TIT/DN7T!=RPIJY,IK>P?A(J^E-5?$B#$=B?8 5G M)U**);(QGAQW6.&&8C5%BMH)GFR4.@( M<)]'F*5J*5 ]O$[>/ZEIJ+S!FP+@]JR@(PKQIEN!!3'U7WDQ8EQ=S21(#P,< M8#3>"1C&3_]LP"J,\XLF!I7^7Z:;TCUCPP][>8&?HKX.Q&-%;9NOX;6A:'[[#01L\,Q0^029 MQ$G>N#@[(YLPI>L<'HM!%9#RO\[@1HV_5@Q2]F7/7AIVGD^=#V!!O7J>/%CY M3PX^U("?T"'JWD/V=XHVCAXZ1K=)<':.9G9^.D@7F<=VDOIGLG\0+]EK4@V> M4O_LVF=W.>HLA*990#S53-9AGR15\Q'G0*9(YYVC3$7C\',0Q^E/0D<0MWT\ MR)C:$KKUF9O89Z0GF1'IP-3PI$DDQGMQ=RTN(Y>'/,N#&*;"?L>I($&_T=;" MT%QNM\9CWG-KA#%?>0LB(E&=Q(Y$79IY;.S%UP/+G/^2/ ;LIVL*Y37%Z_2V M68P(XR%GR_3(0,[I4QC#]0?EB](Z"=K+ZAV)Q>TMFWWL>NMN] M*6[!OA=F^Z:4,OQ0SEPT(KKC9VME.R+CR]-A+'VZ5^XV#?9[9S=^GMQ+=Q&V MPP&F8"K:&_#N6\LM$8SK)ER83TU/,!F\1UZ1RL5K-//C;]Z8ZTM1(Z,L2PH. MA&]JH'BIIKADAIS/S%WG/65.C@F?*<(FD\LUTR$& BZ 6BN^B0AG:;=+I%G# M)<*CLCZ<=NJ&(X-!<2/Y[A!#+YN4;BC=8544[ OAGDF]VY=.HSPJ>%']-?PP M?C'G/6:A)/3/_)N07.U?4'GE &21.GL ]0L:'UR &9;*!^ ?%_;&HW((>)[@ M,GP)-S3>9-+QYT60/6M0ZX?C6+U-?-G6=6,GMW"S("V%J8:3QE4&4& 9$7MMMFE!P.;@'4;;R\LF4W MX,[GW;Y;LXN47SOJGUQ[J%\A3B5.IWB/:;R= MA-_=%;L(A8<:P@@Q0;L7Y%9>=BK/96UE89&%RFZ$FY+Z78D^ MUFK]+6ZE+N\7=]]\2V:F0= VZS-T?28T"I]"2#P4Q;K*MM)A?\1DE0%UY(]L4_RATS?P2];F;00+(X8T"_ MK"D#_M__]8Q-,&_%L0VS-:/]_1"DS&.2SV'^#.DV9,_F(X6^TVGR$D1(2>-C M_.FM<:884')"6)!&A[R0;DF$ A3*U%*5WAD6_?QR<7T\@F/6I M=*5_2>N+_T9)%MU[A9]$T5+-]F0\]C@'"&-/CWRF,!;OR8\9QA6\94S MAY_(U?7REP?4UK^ Y(Z%4BRVVYR_?LKH1BIC,%OG+.J#![067>O#"*V)<$_( M1YV&.W+!:$?<2T1E%U/@1$I6Y/R5 +-FB8Z:'WI7R=&@+^_F][/5XO8CF5VL M%C\O5HMYRUJG.L,>#13_6W+G)7:5JC\A9EW]I-8EQW6 ;FC*Q_UK#''*WEE23%GC@UJ"O9@9S0K-E#&\%LN5V41W.05L< MT15',]GNY#CNIRL\V:6XTD[N)KH)UM):3BZJ3-#L&P*)=L ##KYJ+G)')*PM M^ @X 5T&[W88.'D_;;@'GRIN.ATZ7&\BNO2*9T>\RDD-2G?.:"?#\QXN<(Z] MAHD&Q5O8!5+KERA%4[H(4#-1MV9Q*O/IYAQZP.(QC60V<1*_$ETB/,@?85C<$:1,2[8/KHRP>QJUA5JN]V9*P>D/FC=Q--U&1-A*IE,/03IQ:-"S,8K1^GWT[]L;'V\[3ZE(3A* M[(.0#HM51S$)_0*5B1 -:+:#>K#_Y-+ D4W.1 4SG_%"*;I3:0L1TNV,$Y3& M/8N18OH;$P=QVJY:(A*GGB49$71(%Q=#L6!9\/ _@FY%DCE: M]#&)#_:LAJ&WYN9X9%M6"6.UY(J(<"H?[+@7C@U]S.OJ6FL5ENELHZPF5F9 M2C>E16]62SY#%P8X=M,=HFQ%[M23VU17T=II\64)O"J+MW'O7[471K[T'XQS MOMVRW1J_&J@OZ,6E/<](VASX5;XH@ ?5\'RRQ\L#3TN^I[RW .\V0K.+0PHU M_YPGS,S$%[MT@6JV31,'#^S3+IZ;C3(^(N&^X$0*5J3@A75C, IB ,>3:=(" M'#1F:EV"8)ID>5IT7YWX.,^'BM07\]/#,AM=F\X#4],)Y69@)36YUQ[JX=F4 M,[1Z@%<1YEU*X4W,7.P+G6$?D_EB-FHX9I-ITGA@+BJ!W$REH"1S]38?STR< M()72%X<47MD)SWJI$U=-)Y"NQ+[8C F:9?>EH/3 ?O1B.>ZZ>.J5E'-]@K/* M(<;4 9^ $B@!(&^D(&=<#D2[A+%M6E^,R0#,NELZ)O3 E+12N>^-^*.'"79& M_4\PW$%>BL,);S=##W1]@+?4EW2?9&&'%:I-Z(M!Z2"9K>F8R@-34HOD9D"%9TO%J0!Y':.4!!Y M8#]*B3J>(-RIU0W+>MP@5=(7QD+>D3P--KX937I@<6P8/(91V"F<4Y%Z9#H: M6%;K.:+SPX"40CG;$% 3B=PC,W(#5F(H#QA($&](PK=(D1Z6C]4X-'/3A8'O MU3=4EN9.[7&UC=&J;$ #L3 ^P$^+WY\J%7[$@AL&]/P6>%^B?WQU>L$]#KXD M#Z+3XINO1,&?N_OESXO+^24Y_QMQJ2Z"[GT690'(H;6 C(R\\D8.D!V\DH&+ M+][)*F(W+U6Q\ZE,Q6C0%[<_SQ_\K@74'=1Q+2#5GQ#QJ5'P6M07F:U_/X0I MG<6;2_I"HV1_;ZN8X4B+]/BH"[#&*R07PNF?([E+U;[U*VCAH+B@)HR<%/0^ MU,<8!*\L9JLMC $A#XLC_+"TJR2]9KNJ,HT6VG&%&3S0RAAF<8RWV$&,1DUU M)GISP[7&GN!5]MF1%9K%]I)3;\.,'2GXB*$V.^C'^A6OX]N;'#[??215:_,5V*C59:6@3538D0D3CB]+?Y0:-TZ6XP+ MF7LKW^KLM#8QZN(EMO7?3N[)CMH"S[BIUM#B[ZN-@NGC@KS>6NNJZZ '!STQ M2O6!PMC3LDU$#+T&^,Y"-W_C\4++>$^+F4O],-Q;M1,VQ7EAU@K8\ M<"VI#@[JGP&5V<13_7O70/->E46LB_O@ZB2/W[80ZW1"!XP M9QG_F?K-U0 ^J-=DW0$K+LG%'P%^Q(+7;B4G!A4AL3O..S>Z"3@?8\6_KQ^E9V<%^ MN;U.XJ<537>7S)DZ''/H"/'/S,R0=,=E:BK4DS*32+8[ZG(Q9&L]$!.@)D". M?T#6#Y:XARYA)5L"U4^?@B=*8GY\5CXHA=4_.SPFZ8;%!W!>O5& GL[6[NF^ MBG$<+$P_',>N;.++UJ0;.[D-F0515#/;2Y'Q*:W%/3#N"$&]^*@MQ(]UYQIZ M/RVW%RG=A"[+S=%X_%5&"4"WN#0&HZXI"DDL/I=3\&M13H._?KA F&U>8)W@ M9A"5 -9* $AK@8/^&\9[L!K8]%\[&'<]<% >:4%@6G-2_>^Y(K@8L;00C& ! M79*'J_CNX3E@L_$IWD")-]ATLPU6\83HC@EKWI'U8NA+*G'7*3!G%+MRPSXU MZ2URA]V,X$:@M?/+Q!P<^!PDY1SLRSG8 M*^8 Y5$2<]F%3,Q7)[M=$C_DR?HWRUFXB1#]49(%DN91DH8*\U&2423SF\": M% Q2$!-.C7V-TAF7L,SO#G'(DXTVE.XPDXWJZZ JQ]'=;G1$V!>*)BCJ:T45 M!>+EHEXL^94$ ^#@_R!O_R6(*.^E 8YCS;P3_&(6;YH_D$;>T32$ M-/_CBH#KZ+!A9EH))O=4&/#4%9V@ MT@;_A_0!(KY 6N4]<1R;%Y/%G>-/L]N/<_",W$W.;B_%/^;_^6GQ\^QZ?KMZ MX#^\GS^L[A<7*^9%+^=WRX?%ZJVZS5/\1=ZD4QO=1[TMEV/P(&0-G#\,XG@)&YESPU_'ALW+B>9E*Z^@?%>CMZ*L/A5L&S&*FT],(/T]I4-B=MXW#2E5>7N[E< MS:Z[+Z!G9A-Y(^NIY3'-2+S?X/IJ>G(S"N.WM=XZU&(=8=U%?ZYSTCD:?1D> MX2;_8?U,-X<(K@\8&*BFNXBW2;KCYT8:Y]"' >)-?2>(K9MY)VK/'3_/+3]1R\!': 'LD-1/GRZN[N>W[#P=';_-R(O,K?+6[[.2.4C6(PZULV<)5P] MJH E2N32C6EQU9(@AJ06&*T@5#,>-^PT"F4I1%8/QPDJ/9;=+63L"J!,SDFU MPH]MG9=T'04IW3#/QA)*,KX",\'0A M9S>#]AY.#QOO@*FT]4V)1U27SWLGLMG.D Z/6;@)@_1U@ /HP 3S+*DKU/9Y MDBL'Y#.E;F*VX\>*GGCK,_X &!W/EP8"_71W/U^L2#,K=GKO\@GRUD4M>Q:_ MK)([]ODX+_)Z>6K[PV&_CWB?&C:\/E4S;8:TZ;-80GCAW2:::H-W/+$$OGC7 M26":/!<7@%020"L[(4.5QR^>7S7$(/+!NNU 1-^-<6HW_U^3/?5Z@S/CQ7HE MWCFMJ]G.$\)_OA9S+=X5XAT@\Z]\N\G/\QM M?[QM?C"$B#$X9[$N0@J[#_D@>-L*SU]ST-@\/60YA>*&NSV-,W%KV??-JR74 MXEU,LE 4,X=2:'FVB,N$9&@I5+WQ!?-,XISAC^! N;B,$2A,GF&L+R &2>-. M4BL"&H<];G@S)H9VK9>:.2R(@CT\ARH_(/IT28_HFQ\AU07I@W(!F"8H^:\I M<@LE)ING9,NK-N9EDQ0Q3W /#=?2-%E%6%<__+_OU+CYW]//#W.8$R$CZ6,0QM=)EBWC2YJ&+\PF7[0O\JU4.#L]1S#RYL]",OE^T$F>]GE!146 MC'P-A-] *36)%F?O.!C0$P!B2*HP)87>TMGG8(]X]%&<[BS3NR#-B_^0@K&? M@^A RW"O:*VI/2/IR0LUIZX?<$5^73=&6+EV?:34YMVQB!RX52>A$K\SPCE" MD%[L>4JFJ$EXH\!7[U4^A_DSB>GGNCW&";8=%AA0J/@Z#![#2/2QB3=W:;*G M*?Q'6?AMPT"R6+5EQ"?\#N)6Y!03UMJ4C/D1W.W)^$BTSF.I=QZ\ #B1/L1O M5NI/5547-Z3\&,Z6Y:U.%SG-?+GM8R:8-+6'SI_3Y/#T#/]YV.W+7_(61KQS M4?W1$WCN>Q8%SC-F@?0BB;,\/?!&I8N8@7MB(W<+WVZ$#:!K5+#C%_^5-M7D0Q@B BE%.3',@; M#X-2&@7%9>]:D@M.$/:%9$AMEDX_83"*B&'DX@A\^94SW@).ZGO.9VTA3[#, MAG\.T6^??M(N%*_*-'KFH%O3A]_E!N(7MA68K==@,BZG_4.X^AM:.TQ&UT#: MP-+KL-DJM[*)W4NY@2["EZ#8EHJ=9E#PJ=HO,G.B//AV&DXEC?<$[<5RF3T$<_I,;%:PD211NQ/-Z M"/5I5AI?]Q=KOX M?Y&K,@Q">!EFZRC)#BE=T2_Y>:2OTS[^9]Z@?1BF:S1347SC;5F-%D#;@*3/ MD,9WBL.G^DM2UVL6Q= M,SLF AQG8(<@F[5^].0&:A.EW=KA?G%[L;B;79?U'/[&RSP\+#[>+JX6%[/; M%?O%Q?+3+:\ <;>\7ER@UF(_#[(P6VYEHV$V]! ^Q>$V7 =QWIX!VPHVC"6. M@HXQ#;(*#^$WN9(/%[9E!IPEK"6-M046&XDMJ?F2DK$'B\L)IN.M>84'^@1+ MY3W=)RE_161>6,1O/,/1C)W^28Y1D/;+E_E'J#)$[N=WRWM0&W^T MQ7VSXT3IAPXY;DDK7-F ,'^LI[YML7A9U4"L!L9%@390#\05N);:VG2C1BCN[@CHJ^&PCPR@" M[2:3JC!T05E>37OEU/L#\\AZ((_4V7OK!N/8B%ETV2S4(R>W!),8;1U9W,X? M>(W\^_EEO\?9(QTR/+,]WHJF.Q#?>JZ@&8QTE& 4O7%ZH!PY_8&!00Q%"18V MF,!HD=J.[Q$[B>^-@M\PH9^")WJ=!'&VC)V/!1SH<-3>&9!L 5:BR8W!4:*6 M8MTL[U&01-NVU+RC"6;T:_C8O/$'YO0<-M3KQF M222>/%&DX"I59O5K]3K!;/AD\%=!F/)""[7XMKQ#,PF.P;K D W2-'YR@[,+ MTU*AJ]GBGOP\N_XT)S?SV<.G>]Z+RB\ULBT,%AI_%,GHVHT$7JB2S1T!35$9 M1J+RP/7V N.98:C+;CKT/C01X15GLD,YKL*DIT IMV03I_V:<7E[L;Q=W2^O MKV'-7MRNYM"+&HX2/]TN5C\MKR_G]P_LYV1Y-[^?BO01A! >/ M:,5-NLA^/[^KJ"^["%]Y3T:;.N&;C#.4F$675X=U",G M7Q!,8K2+412#B>C?@>_U.TGOCX+/?S^PIMU!2&UK92*3$Z G!0/R:\GB-"9EC<,' ES\O+B, M]4J1%_:$BGBOJS2(LX 7]K1=%-O)L-XJNL%I/E9G8=)'PFCP&5K; 3@\GML(=T[7+?RYN; MA7C[S6L7P7WXQC"M/)?5; M<,K7ZL0&\8"\!]S6 7D''K@'Y)T%;5]^%AR(S(+W7I&92!=22)EAPY'.+O[S MTP+5S)PNHKKQ\=O0[%=179AX;VK69+1G2MBG0K:8;>IU;9NDY+&TPO6Q%082 M?W]-SYIBX>9EZA4>\6YJ#+B?'J"."MN"#O0Y(Z5O'1XS^ON!J=[\Q:$1D7XX M4G*61?Q&+I9F[/2I5T9!VIE6G\X?YO_Y">XPYS_C5I0\EMR:W*^F)/W M=(/1-<::G%>-)X+ @QU29PS^J'W1Y^"HF\&K^/]M-N!*C-K.PQ&:HG&'A1*K M18>36/IF',?]-E[+_\&WHQ$ )LUN(YAW4E)'*C=S,I-@W3?9831OE_3C$>Z2 M;,(H;H[DQFC>6$8/)'=I&*_#?42Y4308("XWZEW&,G^FZ1V;M><@H\MM.4I. MHG!K8_X)4GX#%M!J;",3R1M7<>JI M*OQ*$-43490Y>D5=;==LS1>7$/=A]MM%2C=A#O_2>U0]!=I::P-QM-3JAF.L MM&995 MM34%@(!$T_-]HJ^P@%+#.ZC%,9PV?P,+G61[N@IQF&K#'@W!T7BVJ MK.;-$9-KMNKS+37X)%:&:AB.^CJ+FAA$Q>ANY!;;&<9C=S5RB+VT@Q&[&;DM M^'(G(V^BG"$@%M7C&R^T_R<:;:Z2])*^T"C9@UC0:32("F36";#28UN'(T"U MM5B($:W'23*C(@('PE@0B8?HC\NX%+:&;5[]4-ZER9ZFO%XK!PFWO4!T@@P$ M.-G(TP/?PBQB]N$G-B.9RS%V?S:(^0<]X+;2#SKPP,T^Z"RH*O>NS#A@44]0 MGWWOQ4H&BKF6OD+"F.R+[R E'@P'?7$$J.11+=_%__KQ*O9T>!'/(X+L&=+Y MV?] ;8X7YOI8M''/PHXT7.=TH_Z]<<$?QA+I1&.$:6@<>0S@-_V9R&!AVXK. MQO+\(?X/B>J,U'R)890O#N#$(*DMG?;+L- MHQ#[ &I-F7]XC*CC[:*) &N3;8/0W%7K1B-LH\VB*/;-%8%/IU#]46"V\=G2 M-&6+ZW.0/KGJOHT(JQ6/"Y1FLQT3!4([';LXBH8Y@H@45/[%=;U@785Q$*]A M527MCBZD/$UWH1K MCH&OX1UN&*VDB+>*CK!:-XD6.MS;0R?AVH^S:BH1IDT6;5IO!L<"A'Y^<@I4 MF-'T.MG15?#%;:>H'XX5.YO%;X;,ZK$(D;))$$4T"<,)&X^O_#TA7-$-38.( MU%!PS\Y?:'R@]W2=/(DN6JY'Z%8ZK)-T1T#- W4+$<*YNI-$BH-I3D^01JSX#2[H^G#P2+VFV M3L.]8A/0GPV.,?6%*UM75QZ3FUL_ 56O#Y.4"#[DF!&I.1&)%8XUC@3XF!8Q MYKNEGZ72#&D2LW^NZ:[.R');TKJS0>IHWA-NH\=Y1Q[3=SWO)6#[ (Y^;A06 M:3#RKL[(2* AF0,>;.AP(Q:S6C_3S2&BRZWT3JIZDK&"_!-K?:M.+)!*7O6 MV:B"U8%^^L)8G85KGY$5+.!M:N,57_TZA_/QP"3'1)MLR8I)RNN>:& _OI+K M9-V[&(KMDN"PVP7IJXQ%NMTHG]YN/F5T>XBNPRTU6N2XK#$O&<:9EO8EQ#"^ MR)<48PBOJ)+'N1X;OGQ#6+$F@C ?]7AU[1@N\D)YT8J#M"8 Q^B M&4/@!J]$GAD>FBUB>4Q9!,L]WAGG(]@1T9A3I8Z9QO@"8E0UGOC&2,2\,^*O MM,2GX)%$8V!5OFTBG]PA1IMH[M;PB&L;)9\SDC\'.?E,4TK2ZD"$;GSP20_T M"8#?TWV2 M1%O$W2'5_WSU^+7[H[GX[TKSLB<,G!:Z]41^+,2T-8>G9#W9H3TT&P3_Z!E:+UX8C]0&"*HZ+Y38\5K,1;(VXUC9 MP"II)F_BF_W(TZ"P^V(>1&<,MG$^B(:_EW3/5OL0N69M<6ST"IW:H?@-/(S= MNZSJ+H18-XZND)IWC#8JA%M%-Y%T!8I>":?D19,)K[6SQ.ICQ'<:UD6*+WGG?R:8L.85P>SI*:5/$&2HY@?? M"RVW\/2Z8UBA(L&.'_0PU(%">SQB1* 3QKCT\S?SOAE8'RS,8&Z8;3P%3Y3< M)CF\Q Q>@8,/YG$3,*? XXGE]CJ)GU8TW?4P&5R*@]--VK($Q_#J(#/7\]#R*H)_+P3&G.^[.'@-EL MLN[D.*;:%9YLHJZTDYMF-\':C_\8.>'T<"-4<""&"( U%>!&GZ"D@$ M4MC=UG&F- 6\G]EN'\2O_\(KG4#5*/XR$JH (Q]R55,@[=-O: %$S?+^)ZN M#VG*(/)NA[Y3\"'1(*CD2T>C2EZ20 M,>=!CI>;YB[/2GLRO+?V6;RY3>*T.1DNX?6(_+WV"NX3U,-3V)G[ZCU<)3?% M"TJ'LI1M""Z_Y,\4'L:7Z'["N=($%M+UM"2##WOW>\H/_N^"-'^56SEV?N+C MQ@9[[]X-KNZICPL/U.<^[@):GOR(6R'.J=FMU!?;'@MU?>L-]DL9M:A@P4:= MX'W/79K\@Z[SASU=P[OIR,?W/0L?BAG NJ4G< =M5Y,OL[6 MOQ_"+!2]G[^$QRU@.U,C.AUW<"T_8R?%=2VN\BD22?=,,/Z ))1RQ>$:-MWP M^ND2'U##I$JCWM=O8(/RXG;#^Z()RCPA6[;R)FE&LL/ZF009B8J'LF MF?4RAC*;>"-_CT .*%+GM $3VGHE_$ID6O(K4+=$ )2KIO37@ M)L".)BR(?39B64*3&;<,]+5APU[:DP6;U:($/>9RCX+OY#X#Z&XH>.K^V&4> MWOJ.-M"._J-FX+,/.9924=Q4C@$BX4?80LY"5P+$[(=,6:E0UK?C7ZRXK3;( MP?\J>/CK9X;CY']E##_SYQ'\S)_?@I_Y\U _\^H%N%S_JQ :YUE$/65M:R@8= MHB EFT9G=]GU-$X_ULEN'U$XY-@<^.4F>*L]+\N)Y(U&F04Y54*VV^86!#E' MY+2PY3_S29V2).4E$[JZC\[40-PFH3-3+UQ5SZDP>*V.''UQ8+W$=O1EQZ>I M9 L9"B^=U2";LHQ1&Y/BAM@^'*L,D5G\9IDA]5B$,D(F M05RVX5QU>M] GDYSE->3+@3^:$_[ M(^V@L-ZGH]Q74(Y%K>WH.HSI(J>[+FN_1(.MR@8@-B]>$7CA MR(^DS\9(E,:7'$W4WP9]M$Y3Z .Q ,L..HB M(( H![YC(L#Y%D$=*YZM-F."ZK/@ M/,'W22A:K:N6'6:B&R$( :5HICZ]A47GI#.L6G?X!\ON]>7JLZI6'S:AQ7=% M.71Y"3).J$_KSX23JM#3$;1S^F5H^3EF<_T<[A=QU>P!'@$7/S5-OY44<5EP MA-5R[Q8Z7#?M)%Q+;RLJIG)20P^)$,CWDH5(T'BL M$,E\+6D8CZHK>@ *A6D/QM(:G20ZU&P 7#E-<[6;AA*W@( M<:3CU:2! NMJQPJB>;&C'8YPK6.11;$'K2@:6QWL*\TA.,HW(WAV<)'L=FR7 MY&X&)@(<*[!#D(U /WIR&[")TJ[V6A%X9 %#4.#K_P.("UNYCS1Y2H/]<[@. M(D/(;!B/E"%K ]#(B]4-GCX;UBQ)^Q:\'$]D O10NFC')\MD#*4-XY'4QP:@ MH3ZZP=.KCUF2MOH4;1.;RH,:27>%X"1Z5\W/Z/K;I^3ENRS?IZ#U[_F_0-O? M2]H./_O[[>41D.JGTVKND3"@G\6/)M/"QO=:?ZA;]M>96*&G",I2"U,IR\5R6F4IO]>.GLFO2PQET0N41$D:;)()E64Q4TD(/T50 MEEJ82ED6LVF5I?Q>N_X("Y QE$4O4/)YRB7H6JDHUSB*5:]W>Y M1E(4O4 )/*D-XBFUY6:A$A%^BJ MM3"5MMPLIM66\GNM/\X-^76!H2UZ@<+U M<_C4KW)Y7V6Y54IXBZ,LMVUEN9U866[URG*+HBQ:@<(X9E^;="]THPQO;W#" MVYMV>'LS<7A[HXLF;Y#"6[U 80;?"J=4E@>EA \XRO+05I:'B97E0:\L#RC* MHA6(*0O\O_U^2GVYG2N/@^8X)W/SEK[S4(B[C57K($LSVUQ:J\SO^&T]#])=/(<\$?P]934-4%3P[\H2P\1;]Q-T2?XC#/%G&[G8 E]C70X6Z-K(!4^R,M$=HFR2*18:?$*>'%HJK' ^Z& MJ2LH/A[/1F8I#12[/)UIZ(?C6(1-?-D0=&,GUW^S((J$+QIHC@>0=+T/ /7" MX4-%[E)ZZ*Z=S^+-_/=#N(>HRZTLMXT&NTM\&.&E\6=>;BG=Z:P#KJKHJ%3_JKEZ^K#LL*#+R0'S.-B?F=!O.9 M.^CIC/>:!AG->/>9%+"S%7%M?D!MI, Q2@<0L@$:AD]N;%99VIG%G(*4)+#% MYT3(SZB[ UG$[_9<\(B3(F[P'Y,7>A.DO]%+'QC=Z\>.OWF MWB1'>VL,HXD83@KEQU7U'O*_VPGYL55=NU\Z?UVQ;YMK;=DIT0FDW93J]RMLQT#D*-O%?3;=?9E6PTO.Z5GZM<&Y:1^-9D_ZG$-,;!U2MI\_I)3AN0J_P+_, MAF0B0#JNLD)HG$QI1T]_"&41I7WV4A)PZRA)D VB/XHSLBTA@$'0S]Z$<;@[[(P:>30&1R>5@LI:V1@PN5XJOJYZ4 YC MD'6S@Z2(:AE\L:ME;2,;@_1=;C5F8T3I6=K3AN4TZ)3D_FSZAS+ MU&W9$=0$R#V[Q['B8NM-N..M[0X"1*0 ,9T!+7;[($Q!B:8DQ_4.D*:B9'9^G?5>)[DZUQPP+\I^#)YJ^*]5DY M8EJ%- @)RJCX]62*J/VV(GW_"2)*/FRD5=?U#RP^JEQ9V[^>_D^K$J_\N\J_ MF_2/VOYP>V-9_"U15L5Q9!RCJ[NB^[1R=7.FPNSE;@73;N.N)<$M>V23J]T; M?*_H<'[:%5-E?&\.A&._]E&0G,!^/Z9!O+E*TM\R<4#-GV;=TSP(HPNF9S2U M&[,S"T3+[@BS9>:.]+@VWTE(Q;N\;9+NQ.U#2B.A?'G"*U=QSH2S)A)O(I@3 MP?U;'"5C0.XGP10XVU)+;[$O5X1,=A M#R$JK!N"Y! M+Y&S_0A)D)" YY\I^S L7P<%S#,.2[39D.O58IO1SA:$;^.U5D#XE M9^16:NF(Y"XZS(@8"B^MQ6 ?W$!W\>N_TCNR;/Z%SE1_%Q\*3\'U7OYZ0_/G M9%-GBK1_2BG44S#UO1[$$KM 5?]I4!>MZLX/L9!57V$5CJTD/BO*;R!?>N@P M&"\_;$0XNNH&1=9&,\7D^N8B3OM8A1,1045*,A\*VO2"TS:0TYT7F;HG\ HY MX3:DFUGV$XT@VGT(6G4&A[-##"<'P&]%FSUXX0:CO05NAS9L3QJ+FK>\ZGP0 M$2KR2NOJRF1=L82H]9DQ)2S")1EC"S\HBC(_!HPSBXFR9TISLF$\D +3\6;G MMIH9==\40SY:4)-J3@0U9)T[XE7M@Y:R,!C@3@M !<'$8> M8N@GED3AAO\T8'O:*&3_/$4W$5'"#SS.^>NGQG=GU6=-/LV-'C$@Z0*P%8&X M$..&'.X2MM/Q1<5*OCJ>OY(F-9EIM6Z::.&M G,+!0:@6R4Y\XF!P,A7]L?7 M25U&FQ.N41LF<3BS%6Y>2 M!:EY^')TV0VB!"J,?;0]2$I?%1GLFCEH#L%[UW LYO%KAO+W*&\8FA]7YOZ3 M59G[C_=8P2)FM6:L@S1]Y17P=LFA7>EK'($A*!XHHMEZ#7XLNZ=K&KX8&H6Y$B,5U.@$K5%8 MPXER^@(;'<1JGQF5Q/R>I"0G)3VI&2 5W!@/'$2.4437.>_ADE;$B)&C_!C\ MN$^-:#X30>\9Z[&\A1K[)L@)G*[.@($4M?" 52[3!4BR5?43*OH-<1[8-SW# M 88U0'%J>XHTY. +F/""F?:.KI)S>AEF>1H^'O*6U72@PTQ+=@#43D\V$"&G M*5LE:Y_S"Q(B:. R])P2B0PIN_B- '%,-NZ/)A1H\H0\4K+1HQG!N/D;AAB^ MVI#7!$Q+@FC2%A@M:]:,QS5DHU"*@H#E:-*T ASC]5EX-X/MC2!OF"U>I'MQ M2%.F9U=T0],@8B#FH@[>.8WI-M0=FUJI<");1S!R1&LAF3R2=9*GI5@%%2G( MP#Y(04@*2IRXM1^(]?:'Q M@;*];O+$XF\F[.R1+;K!6F2 M!JM'P @@3A+<\:]<,4T1[]GNH63P+-X4R86S=1Z^<&,TKXON7%!#P*Y@%5&A M*POL0+&;G%KU PZD>.K(>?#2I66.;,T&*Z3\(\!T#3Y'P@J64;XQ3CE6>+Q> M9@$'6JQ3ML_.LB2%8L[0]BQ-H7L*KV5>E>T0'6+A2G6YO4ABTTKN8="\!+S3;_.!3="#2S8*1 >B=N!]%X!JX?/OTK;YLLBNRN=0HZ M ]48RG7B\L"/2TMF!+B1FM6XYO*C0!73)UB%3 8S %P(I3<$N,V!GYYF);AW M;./)X 5:>--9SR7=4K:/W@"X^G(UNZ6Z%A'3VXY-E':E]OM M*WK"1I-;-DGB- 1G6>D,Y.'($E)MRL&$Z=1!&K,%,+NCZ<-SD-)SMDBN6<1[ M&49PV;',GVEZ&6;K*,F@IZ?E2*8W-Z14ZV'@&XG7_5A-GX8]1,YV4G;!#5*O M">=W1CA'OM\I>)X1SI5(;-'/BDXT#2R>+"LM<;9X=OT+!4_#MJPO+,1]HN(] M>8&.BY8M#WF6LS\3Q,35DJR9KM[<<.QZ('C9KGNRFMRN!\G94FA.&+Y0['"BPG"8Q^^>Z.*-*+Y[AP&H1RR/">!WN(4="GYP^D">. M_8\R$;(;&,1PV9[ MC>HN59O/-)29+R;8!;K9*%TX>6"F[F*Z&JZD]\"2;];JY(%3Y0(-,>D!X5F(U4H'F56*I]6 M\CY .WX)G]'TQ9Q'W8N=QZ[+ +^S_U+P\MN):04^I2=+ZX^R?XNO>NK.W.?' MR:=)[$C)SVO'YHY?%Z.U_]2(YZ!5=?E]DN9P*/M GTP9GR8"I)-+*X3&D:1V M]/1GC191= 7\E]#!H"0A)0W2J6!/#+P)084ATV# :+)5R"\ L:V8U #N_+7X MI>F*K!/Y:#=#<=TUC MHR? GEBPGT&A7POX*=\UL)4?1#D_9&%,LZST4:86>68:K+<-#D":KQL,! CO M&ZS2*/*;"QI2$E4K'GK'ND(08X.ZHS%(>J,2M*$G\H#I]:+]];8>E,X$M9%< M!TFS4_:+8UN+<",2#.W=@Q6#45]S:T17/-H^&HG]-ELICFK;5XX[;6M M.XE=7TQW%OL$)@9YC#1=.UE8>RRB@>D$;]G7\4!<\U)+TRZB4PU#-B[/Y'4S MK$Z]=<9/=QL";?[Q9GZ[ M(O?SN^7]:G'[\02KDT&\HGA7!A5'X!EI$!5I!4ELO,7JS1)QK1LX#:TEL2<_ MW)5SD-#M=X<%B:BM(XA(3544G6GDF;#!7],OZ^BP*1IV,#'^69P#;>@^I7#5 M!68M\E%$>7Y"Q8>^0;KG&G?6S.[,,J>( <&)=(?7*DH%SD2+\[1^\);F53Z5 M*/@YBS?0@K7G?!CX^>D!K1/0Q?UIF7GK^RP2:UIDIG*UK98&DP@.(*E9S>TN MLN4499\I-_:5N815)R_QA;!1+UXSTD/OVO7O8G:M4+2CSO(LJH7#XT3@.&W7 MJ%-- $!,*HC8M8CKKM5U:[FB(_WK++](6HVINA!BE5AUA=0LM6JC0BBYZB:2 MXBBM[I@N=0PL::(R'7$:VF0C9:I C[00/JE^2P!'C M*/>=52DT%BOIWU^Z$J'>?UJ@*.Y!-138]Z%&L90/?8OQ/$ 7!;Q.\OA.!"L04'XI_@W5_D*()\=._UYY( ME52I&S2M_9I%!7M5CYALY39]WM01'#TS[R;X1Y*62]!%Q'30D)*G&XP3$)I% MEV,^]RNPE1J."=G_+';[-'D1U5&4N4F.-$B=$ER -!HBF BF[WM@EZ:] M6X(HBY])PS]D,J2UK!E6<3,=I_8=)EMPTR" MU!G/ 4:C+9YA_/0]\:S"*-+,:A)X&UH2(5O%4"1A3/8%$>)VZEJ3)&<:B+RM M:HFLW%I=3Y[N9A/!N,6ZQLIDZRRU^K06LY^4>GGJMIAY%N=TB'!\B6UL@4 K MJO$JF'E#84QM=.>',.(%Q^--^4\'"^A CU7WK"/ 9JDS1V*$ZF:=)#,M%R45 M5\WJ/_"-:RC$!JZAUF:Y++HZI'&8'U)Z%7[)>:>->#/__1#NX8.F@W0+(>*E MD1.DUL61D0KW\LA!M/:=Z@XJQ))'NDU2JKU]A&2X;!L'1_6DP&[B]T"CA0O!MWYJV:$:"EOJ8C!66S9GL4]U%#!&;9NKD-D>O0Y?Z&;!G'3\%#Y&5-P5 MNY6TL3/ KF3C"E%=P,9&C5BWQDTT8[D:P8)P'J1F4F0P^%*D9BC0I 3ZKB/0 MZ2S2 %%W;->-%,<*N\"2[<^%;G++J'>-8[ SM2' $;-=%(<>2"G%=,Z"X M3Z+H*DD_!ZFNA9DKL7>6I(#F:$L2I4_6U!)+8T_O(IT] 0=2L/#/HNSX6I"\ MM*F/:?OMI#N9=W;4@.-H09S&)]N1!.JZ"G%2[XS%!.AM+#WZ?N\V(N],1-/W MW4SADWGHVZ9;C(,1XKP2ZP6&OUS&,X9S&B6?;X+T-YIS$V6"6EJZ&REPS, ! MA&P#AN&3&X!5EO9M#% 004(XS1E_2(W=0;T[$LETK\/@,8R4+7[P;,$4-&G& M^J'_VO!(.1!=YTUQ@TK;3Q#]N#\S["S\NYT0/H+1_BBW]&9P)A6P<$2MI?;# M "S@3":A(44W$J-<3F8C/VN56?BQ7/3 U["LL\:EOMB29B.A M&(9N(_HH6Q,TG?1%MVV[T%'Z(VV/L78Y[F(C;VT,V[&K R0OR'ZFJ'YFV?L, M8^G=&8'S-#B>(%CY^72^X"BL[D!;<_K WD:LP6P<1^1L-4N:+ MAMGX@I<]Q1>"FZ@*9+X6\&?JON\N7/VSB5TG11'S^#*UB<' MT4WFSGY"[2*J+XA4B,I?>.<;!LX.9 "3KY?K/(&.8N_/"/]!GD"_0?Y8BWPH M?OC-6W$>@';U.1EE*BM>;\%!' 'O[Q(*1IX[@8:472\G5%8O @+&\BT8N1D] M,Z0?WY2]LL_K,B=[9XA@L\WXK=&O SLWW_ILR6C1UO7CBS M-V.V$O2!9LO&O@6SK<0A MOQ4WV'ENR@I91[%GSO=M6;7+5*R>:4H#&.C5Y;.,1C2OJ,_IRON('ME_G;AZ M+]:/C;<'=2#WU<@,5R0=S0SO9F@X5-S;(#?Y M#3= 71CX;&BZFQYW:D_-S'"CT#I MFSR8)6E778)BAJ%9;(&<5$Z3(_3.'8&J[W#,; MJ!$:@/Q"HRB["M*GY#R(?U.V 708C]CNPP2@U>5#-1BWN8=>HI:6\*&$CR4P M^+2M_U2F^S8D=VO(,4#\$YCA>4IW-'4SP?981//3"=XRO>.!N&:GEJ9];L2' M\3_Z&0E(Q-TQ4D.<[B+[8&;=I3ZI=4LJ;:2UCVL725'1>6)T>D,$"VT2^ M6*-.,J.:5T2$42&OBF\'2E?['8YG&LM>?4YZ6;9$YY=EMP"Y6'9%Y)UE'TGF MJ#Z,RC_+]A1*;\ONC><$EEWQ_R7,G^&+R^TO-,OMIFTA1+1M)T@MXS92X5JW M@VB*SME[)A.T,R5!I4*?&3UY!+5*MB1_IN0S8T-VG ]2N-T'6VT30"3L9+DE M0.>#Q?>!="[]46 PWAGNST$:P@W$?9!3P[%_>QC.&:U.7/E,]GC,Y&>P:@%: M2E .(S ._3!?%MIX?*\:B*\,^B/Z]BA4A3 >61^I!.JI^\A"CQ"\P!8IB?/G MZR3>0,X.@_#(_>V6IG0#7[\.'Y/4'LQT9(08W/2"W IV.G'!#7YZB-I22-CD MJ..M$CWX5V -2[%70BGOQEWEZI]E6RV*K(@YV1)[I$L:Q2$?8W(LF9?10GS M^?'3X#6[(R/$-;L7Y-::W8D+[IK=0]1VTFO!XTTLV1,"]F;%'A<$]&C+YTJK\?NNOST<5FT34=;*KN)YE6!XWLC^. LPT M'N56'@.Q)E8V.\-C9U7:^M3KLG;Y+SBE3_F4#FBR.IO2+Y.X";Z$N\/N/$G3 MY#-;7RZ"/?M-_MH!OYZ%/P9C@VFS'QV]%^9D%L[9N@HVI.)#2D;^V%I'J/R" M:4.B(IUYC6R E_0Q7\19GO+-P7F0A=G#/J7!9AG+1\;O-1/B3HYC>%WAR4;G M2CNYP743K*6!0$YJ>L(9$,&!+&/2O %HU8*8QM(&8JPPA+"U@;OE%, P@QMN M>)8S$H7D]W1S6,.^NRF\:8/6A0OBZ4AWL*VC$7<6N.5L;T$H$XU]Z(F2 M?1)"&T[/5 &:6IP\P!6/JRN9>Z&N>D'6RVQ_@G^RW+Z56"V6.^0\W8,YA M)1A2*LC@V5%[I8H'H&TX)L3#D\%8!;94QM;\TWX=9"2 )]6@,(B5&U7QSOS+ M/DRYM5P: @,G2G^"<0TH6PQ^1.9%Z*V4R19QUT3D;,J8DV2'/(L#^(-VR3ZH:&ED8F*PTRL(6;S]1R\<2UXCJ)G]XQ?=R1HVU)AE_BI8G(D.6M&NB#ON@RO=NCD+7%D.U] MO%O%SO=N"GX;[,Q9W_KA/BA(6WR]FM1CD97E6!"KR@ !Z$I$\N8_:D9BQ/M&@670UWEP,GC7(,4BC)@8BPI!B/GA@X1'4^Q2T.[3H(X M6\;W-(CF6>W)*R+,!6B*(3Y]&RG3Z M,3$;2W]HR_O5Q]G'.;E=KN8/Y&[VM]GY]=R7PY"+($U?V09BMDL.L>Y2SDSB MPZ&(&H;^8*0Y'OEP1"6,ZEF>=.AZ1CZF2=;J3HMQ,-)1^@V7_NETTB=Y$(TL M_0IXPJZ,'W)CFNZ6IBG=7(5QP SD(LGR[);JK58S&LM@C<(W;54Y%,%,#7(H M#@#%:%(,)WP\--?&,M,NTE_3+".'.!!=*Q@*D3F790>.90W4)\H'??@<[/=, M3J8N-/Q"3/WE,@%O4'&6$STWR5D/H\%#F]BT,D'?! M3M+9;]U+-GR=/",5)U*S\F'7W ]MC:;YA/DAS3,0YHQ M5UYLG9?;NS2,U^$^B$1JX@:\T%68K8,(FE%JIFXX6[2J4J-,QU'!J4$\,6I1 MC2"P\D2)K*HDQ)HSJ5E#XF[%G%3"/^_3BE; ZA33 @$P^7JYSA-8M-^? M$?X#%EQ?TC6_WR$?BA^^#3>QB 'LZG,R?!HE5MZ[@Q;LGBZ@XN.SV1\).8*I M+V+1@5E16-X[Z[:A9S;TXULR5?9U;5?9GLS>BKG*T(<9+'!Z R9;BSFFT0+7 MMV*VAAGXX?L?OG]#AGO%IG.L:1&\WHC9RL '62TP\M]H:RE'M%E@^D9,UH"? M66RKH(O/%AN^C+;2"EYOQ6(EX,,LEC%Z Q9;23FFQ3*F;\5B]?B9Q?[P)BQV MMF7S,I[1'K'SWFZ5\'N:;H.7S]:K$'0$ ^9SRB,NF$,2E324. "/WE_"A(3OAV7KY^AVPV$;, 3>[K*.8BI?U&@(43A^7\.HL/$ATC]X+27 MYXR\J(3'<.+\X8.\5EGM6T&![=2U(-3.O34MY$,%3PH=G2O./:7+8LS^$Z:C5C13':+K DJW'A6YR,W(7 MJEW#BI&*)825IEPFIAQ;=/;#/A._@)7@2S_(*4/6/RS!;1PG(:^XJVH4# M4L?1[B ;W4C=R:?O5-I5MG9/'L&!S*#P>>7HI7_6?+#;G(Z&-6A@E:U2AW Z MBRR+E=S3/9.6;L1^J:M5=N:"8YD]P&NK( MD)6G%],9Y#S+PQW;<"VWO=?(;BQP3+$/3-D.N]!/;H3=A6L_RRU8\(>%?B^4 M(Z"M8?FPYU'LZ43!HS"('J ^GZCRM8?%/;/=M0QGB[UK&C8=ZFU5/YZ(^ZXA M AN/.-0G !5O4C$G)7%X_!&<@YC3DS#0XS!>'HW,9[4BI+^I2>0FR+5/Y78:YP)'/L4W\!R M%Y/,3U0S^BN>SY"KNRO"(,T,6:EP[-P1C&S!%I+);=-)GG:%JD;S &74C6-* M_>!P /QFNU%TR]@:9!0\#E6P^R&Z46(X(W&[-"K"%F*6933/9O%&%H\O:^]2NGO!QJO7SO? MV1Y18I] 6$'9[VX;9)[ MOMED-U!_#TL&R6=8QG1>FI1;*-;20 M(@OB3D $T3#!DH,>,A MJUB6!%'IORH.A+/P,DK*VG@[QTL&'AXY>!M0JZ?7,?##Y9NE<_;]2O7U+\8: M -<."\$B%_'^D&?<3?S@%E>I*)"M30]":5OMX7B6I)/%I$B"1OCV'WP)E9R! MB"4)L;+8& =GK>R.$QS.77N3^3+F1(U]4'V-GQ,SGO0G/["^]B9A9II)DU=N MK'N]*2#/UK\?PBSD6?8;R);<5A>=B,V$5(O#A\Y1Q@?_HHP/W:*,#QY%&1_Z M1!D?/(PRS$!$E/'! ]T?8/5 STOSK.CZ.0Y_9\9\ZEMQ_2??;@QBF\:Q0Q+= M]]YDA&(&,\:M\1FIOD'JCWATESSN[$VQ=3!_]@]ER2??8)B^^4>QZ)X1=1^K M_D/L0(9-89W3YT]L#C+!:T%#?1TCA1>QN0J$(3:7AV/'YFU9'&+SD@BA;W5_ M&)704$TG(X>,;J"''BW?^=4[5SE%-^,.QIBG.YWMW(1QDH;Y:UD8R!24:\;B MV(M1<-E2E ,GMQ&#%.W\L&)L77,*-3NSB^AL>>'%4),H$F5"S0 FK%(2I'G, MD#Z'>W,MDO8XI(HC.H$;=46.!TU?/40M0;MN1CT.NP:(H\37X2Z$*@G2>'_< MM&WG91COA[LV[G6T@]'=MBTT5KAN]%U"5PP:'X[ONR^"?9@'T6S-@ZY/<9CK MU-](@>O/#2!4GETQ',W':V71>GM2D)""AG B7+_OCF*5@.@'E<@3%H\-LSP- M'P^P1;\)-G25% M3@>O8LV7:B_#U(LD?J%0 MQZY[;"*1>A>XMF Y1K 5G4^A[)%0'6-:4I%[%]W:@ GYU^4HJ&$=%4YE7V(. M8^9JULENQSQ/]AR@7O<(/!FS^N7V(4_6OSUP@2J8[S53Y$"'5,+4%5"C:*F- M:/HRI6X2M:MT5G10&)%3$D%:&Q5I-5R?QJSZ8AJX=;2TI;O@ABA$X3=61]+; M!B.VF=.*WFHGUQJ)VS9.(XY"F[F3+!28C\1I_^:;P&Z-W#I*+=:B_@U^+(9V M>X +@N5V_F7]S+Y.[^%=>9:?OS:#5Q,@9Q:(1MD19LM4'>EQ#;B3D.U#<4X- M"U1)3PH&\&#U:!.&8_!O':";@Q@%9;*%_2(;#YAHB3<5K"#:)0%9!Q&--T%* M7FF V&_>$-C?TPVENSZ;RIK2NSWE,2C'+65)YM..LBE3UPUE2>W=?M("JS8Q M'OZ2S\_A^IE94TP>P<0$+9A8%L9/D?C1CM<21MQ21D&6+;>KE.=,OO)(WY0) M91B/M(6T 6AL'76#I]\RFB5I1WTP'M:HDJ+8+J*G%_& ]9[NV>0\!QF]2Y.G M--@9BI.8"'!4R Y!UB']Z,F5R"9*2XLX :DI2$&"7EQ$C<182\1,XI,FZ2N% MF,9[HDW&PAAZ?4*M^3$%DA'VV(6891!PQP3*E"F:SE2(.VD[F-;F64^"NU^V MR:55GI*"<)+39GM:-\5O H7;SKAR92>;OKF5JTSMGE:UXP[G"K2=C2X** M+XF/KFMJFLVW2*[M9/,A^37!E0BVI.9+ZGOP\AJNXHWI_$XP)Q+H.O:J%.$$ MSK#^X+&$,AYK0ELG-HB.K@?2=QH5:,O% M'/DE[&R\4<$JG,Q9_\R]D>*GY?'CZA54@8@24HDCQ8DDR?$.!W1:\:B)L+8C^&5 [$2 M8)Q.HZLS=G^.UKN(?TYCN@V+KM?8)26*-//Z14=]=*F#:J+ >C=D!=%\,:0= MCO!6R"*+]IF"_#RH)L)Z'=03A7BV<$8"+0 44[@+TF7ZP()]*F(ZS8%X)TIT MT["!TIB(C@S35,PRF4V&T9)E2@1U47L1Z5AW-&2E&>V#%'LC<<=XT91M<;JL M*38BI.1\)RB-O'PCQ?_?WK7W1HX;^:]"X'"Y!.A-=F[W<@D"'-#C&2>^FW%/ M;&\28'%_T"VVK9UNJ2.I[?%]^F-1+TI\B-2CBYY=(-B,;5:Q?A2K6'Q4U?F? MY#N(H[[&KXG"6F(F8@EIH>E"\5QK7(E#4!F?%<>-$EF%/*US7Y4"7'IFPA?X M K0Y%7E!DRA.'CS,2X-[%3W'$DBBO51Y2CWVBL<,I@(44?<\S",NPZ3'28>YZ!H2R;WL:XG;%(4!/ M@,$BNG1,H7C9D^O.QQ=="^BX% *7@[_I $B:=?+U:?',<.M<]W?#XN2)Y05< M9\)S^/JVO.]3WZ5OV56>G^SO;Z9P1;R3GCX8RA7U>):X-]93Y39/;)FCB+R0 M'I4HVTIREY*WC)2<<:ZT?S8CX7;I/?MP='/5%"D$PL=:E N:NX]Q$A].!VZD MMZ =#VRS*].L=INSZ"J1<_",&:C1705H&"<.F[.U'-E/F"9T$A@?:U)U1-J> MP+((_TZAX@;F*B&=;%=AF=N?]:A-,\WS#ET]/L=V?-(=V<+X1+6SNX#E_DB_ M0+>2:RT.HV!Y^50_NX)B;BWT+LJ_QWQ%.A6?LCC-UL=CECY1ZV NTQ^B#5]R M !5#OD1GN-9\.42JAI5=D81QE$(BA*5O(@7 ]'<<>,@TOHOS+6_YSQ/-"C4=WH)N? V_$^VTSN65 M[WU5?K"\R]CL=*Q&^?7S]1V@HS_WP#I[_G-U'.968%YT/EYNW7,_A)&L\Y[G MVPA0V4_^*RW?P/8+OPSMLIN*A<=7&BC6C%)9+'8GCL:K8VR. MY?^+NX"*4<[7Z(DG2\O+]'6L3*,^Q)(KEI= 7\U*-@+UVHV>0L>YY6Y;KHH;AA<>V_%>>1=1I.< M;AT/9[RXX1_%C0!O.FCS8!7$,9JWO,:3B7(>*\<0Q2,MR.$%+A/;\&$^V3.V M9?$3S/^8D@)ZV7%#=/\BBCG%V_A(N1])3DG$?UL\LHZCV=@S2'=&*/]G!#\B MA5K//I)MWJENT9.6&^0EE_CA'X&=:1K1!>?1 K:UNX9PZR\-CVU0[72(]M(% MD&(9;42X-G!8,C619,\E N])UE(<$_1:@+C9E$EH2OL!A]^R <$^D+A,LV7/ MM\T=O):C@J$AFK;O-W%_19MX.X19=H"\B]=[IOSUC<\"FUS/06I&HLQ#V#>K M 1\! M>XBN5K_N'0>UMD2<*R:"=9W,$5YG\981!$9TCI;B1)PKL2=6GMG))Y(KDI_R M(TM$U7!N@8I6)F@*=- 5TL'E$F-JBZDIQ[/*&2D,BH>'R-37964G?72 MU+Y&S_F7L9MHN&";.*GS#]K0J M2OXB7=7E;U\Z?W'*-^S%"SL3\0C@^AS%'HP0LQ=[2VG-:US1$$$DWT?GD.RX M^]= DA[/. "I;0!6< /M- +G4W[49U=A7]$T)84\ M=!6YOK0,R5I56M<0?^*9*TBKK5 GDK7&A7 MA\AM&S<6UN;#NX_KF__1P<);R-ZF-(L@W"IC6]Y%?O%(X^Q $ZV-<"7"6>#< MH,B+G9WB[ N?BSAJ,0@@*J,!*S)2TR$IRPQP&@3?D/(7'QDK1F:Z'%@F[[)3 M7C VO";V&B(N@%J1E=6NTPIW:=.(HMYTE6V0EZQ@)'5;BGS$75Z5-L5C^1 V M+IPT2M\>4;%L !3]TC7&53.S1,JD$$U)TQ99ZT(5W$T)/:1OY18K'/G5OWSA MZO3=GR1 RZGG-3VPW'FYT[5&5$VS\(IBJDUQU=(DCWH)#PU)& MAB$*[J:.S MY+7,\RKAH@?A'P8*" Z3X9\]VN X''5_0*LPZ":0^['V\G4'O4XMYX TZJG0 M7%4[^JS\7X8!&*3"JMKA!*9;M<-*@E"UPT$>39T+]@9KT1-\41SEL8LL:H6MW=C4P"Z$) M+^],^:HQSG0?)[:8VK1,#;!0#0K#BG7#>'_9.HD^TC@I6$+Y+&J:OG#,^PJ$ M]9WH#,P1MTBS#8VRHYK,&7<#-I/X&C?HR.6&2$+Q4BZKO**C\(H*R='+ZH;P M6I%53$F<;$^BI--.Y(@ 80A-(G)HQ9%X"H'$W^M_UW^K&2(]T5]N= U.YHK< MM(,E<9>>B)0#5'> N!E=<.I-G2[+W:7P)2/G,#1/,0=;X]^J:(0W7:U(38.X M7U'D4:9-F0,G)^ES97:*Z@R$K]RBG@K8L7MQ30"Q/^4?L0R+,ZKZ( =:DJHI M_J7,L-P_). D*>,M/L8"VEF^"H=Z8G>IN HJ3\<@I5QUWF5#Y4*-J+WNX!1M M'B;%U6Y7^4QA $ I,ME7UW^"6,0=5^1(^KTX+D0;,!5;DS+L_J6R#X<*'\1# M'Q:[([KE\'CKAW93]V&_';XLLI)A6H5A.*HY,-,@VX$AP93)=)7P-?Y0QO+" M.13W%&$'PM?YFI=TSK8B'SYCC1Y^;>!&2G:DYA?(.^6O$;S?D^8Y1J!^ MYGQ[\9K#"3GXZ#K>9#]>.#G")UC+!J>D[!A;1L1"TO4C(B@I,X3JMX(9NL M\V%>GPNS8^)5C(^]H,/UCCVQ?7KT"\O2$ 7@.AFA&/TCA2(,)\@@EGFQEP@" M<67"A>#GD$S!$=SK/?^X]0 #U3TCTT,*11\3>QY4I+DDEW/0N88FJ/GD%HJN M$(0RISQBO3NS*IA@]>6PS. E5<>/+^N'C#F&KAM)$#VD 1B*?V1HC^L=687R M.'J& ^::%VF8X;A+?IA4J4-PE:9B6"*[8^N$73)VP_MG&M_'C00SSZ(=AIHL M4=\>.>.A32BKVMZ_D R:P].$2-H>[/">A/B!D?JV7YDH4 MULQ7_30WBN!FO]7+N8K@E>8NWG82(+\"-;"B,B@"B@]Z1B!S/#>'#C:)0[QL MOR7F0W"MT.JK[DXSY"?:&EG4+8CXVKP5\B%;2,(Z/D-VD?C;-A+VS;0;\N\+ZA%O MZKHL==JBZY(JN$&;VH8AZ%-?&M,DA79!Z%0X OOHU:#47*?:A>J[Y13LDL-T MU"^Y*;9ZJ6+KM:MM%X!R]84Q3%5H%H)J!2.NAV(-ROR=K%??+ZA7\9/KNB4W M1=)/W MA^,^?6'V0'<# 69^+QL$-<67KC5REB^S2&K.+-$6DK:*&*:F.5*JKU E=\SW MY2]^NA/I*0@SB3^#3NH2Q?!?;';K/&?VJNJ#I(AZZ@A+T=@!.ES==1)N*%]+ M2P?J45+B*/3K@N.FY9,Q[1BKLR[1\C*G2 NZ)U2+;!8#\"4^G Y=PS[8M+@?V%Q.8(IJNR4.A&+'1'''-V42QM56L>VLO_*9;Z)W_ MEM'M(U2Q+G,F4N"=L6A%>+/LHGV"T'0FYE4A] MU,[.!4SL11;S48FIAP$UDB":QP$8BO$SM,+%U'[OH\M0;D M0']*,PA3KFCK='PKR!RZ/T7"QU%:Q4G$. !XQRI1R!Y43T.0#-2T@>_;*1&F M7C,@G(-T?H49FS$;2+'"@(?;I(]-.,A%W98Z5.1=G!_3!L0MA2+55ZTO;<7O MRB* X"Q'F,9@K0'Z,(*WG(1TW+_US)O8O+7VS;QK UJVX[\M(!PL9R)/[8M$ MBF61)HU1$U@ED8NS+& 1^@2BP"BQ2:"C"20<' EOC$M2\['9J +6Z4+>BPS MW(X= 8E!H!9)@>AECQKJ<*U13T3W*5A//]BOE34(PC,CSN!,1H0S(.OEP$VW M(0M^OAF,QV4,>=*YXZQ6!+*T0S0%.H$5C9<;X2JV*HF#+T'! :@2DQ]HQ A] MHO%>W(,<3UE^HHEP%,!'V*M^R*_9EWHOE$%..>XB_P[RFK/L0 YI MU(3RB1-@FG#W.<[%Z3"P(L^0]:GT90Z,[&';E/UF1?90EPOF(M^>Q07C\\/(CQ_$&X_J#V(D\L)&!9?F.]@%GPJ)\$% MGP,_Y"RZ2R_H?GL"SZLKN@VD)R/,XD1C(*MUBWRX()>F< M;VMFPDT/PW3, EM KI@0X$)^J" WC$C/Z&"62YH-,E"?)Z_/W^C^Y.%-R#3! M>!,J$)>D/H(@)&^B+]50E<9]^@P1(!DY'<$#Y5O^P2P__*^TX![)"[EG;=7& M>PI*E9;W&1K'A.3[6)Q+Y-S0A.&*#(Z5/K^.H C&%QG^X/5WU-BU8.J1OV/Y M-HN/FKD^AD&05X/0C!=[1LHP+O4&Q!NN2=J-B1!E27'?4HY&5M]U M=:U 3B32 *[Q1L/J?ZC4#&N6RN_QX?[$@4&'F]V&VR[QSA^\_H&J[E9"U(KM M#I TU=@M5-B5U@=%,^@_^&N93%U>!<*]7SG=^%\?:!952:33FG/E:S\_QO#Z M*)>>1HJ"NI1[CF65;$;W^8KL.9/R%^EN!P^7(Q=/]!ZQ# S ;*K$# MQBUW/N+[F\P)K 6][[RT4$=S':1'N[C MI!\%5Q7BT%FE,0QPC@[\(B$9=6%6! 4BE0 X$IN XPPF M_#PPOTS%>Z/F=^N$>P7-6\OUMHB?N&#V*.N1#-$?\XT< NO#86=N(3P$'"6R MX=:X?4LLIG!SOR?>!D,&U\JV"-LC7@VW%'"0(+]&IDV7 3SVG3H\G5?!.>'< MQ)M#TOX>@BXECJ1EB?XP<>XA:$XDG&< K@%T]'?&3!*6>(U9O M16G1KR>\,?45-I U>!*.,QR/=)])>E3;#:G*KFMU7>QE5">,:1GM/R<.;AEU M M-[&XRZC'H+O!OW%-A/XUQ740M5.'KHM(H:28+2SC&KJ!("@+Z*^F+JZVLH MJ^@4'+L!'//K]%_2??26;C^/TVTM=3@Z;@$WI.L:TJ!TWBB?6?=WLG^F6@#* M_T>.-!-/[MY\^Z_DD7=![GD?85@$=\2*1@$I =HP;<0$9,TW6MCW;AXA?>(3 M).$@'^/C#TE):JEF$UP8[)TUYJ_9MV['MA/QZ\^DWY 1,2"SZ$H4FFM[*_8B<-A_)LBTS M0NU;1HDM$13DJAF.B]YP2,Q796-$P[C,P%S/,6W@R:S\,H=S>Z)9G)[RNJ+# M,G>BXX=D,(A[,NM7:7GM(>$3^;Y6RVN+-P;+^P1__SD;7ML S6!XL4/0EQF8 MO\TP:[#L[@VC^_?FRR[G6$&& &NYYGEVD7746!]P&0Q"2J@_#-&A](*=84T!I3/2R!UC-%+X, M1FT^+O]0$?]("ZO\5?(I2Q_X<.3E8=!F=_>J$>3(EWH*P&R,!]M12K[QKOFL M2#L,=\TP--PP*R:B?&2\./FKA/M'[!8\)5""MW0/.<9O'QDKUDFTCB)Q(D+W M[^)\NT_S$Q^-MU71$KK_COE5G2X&VJ1\C4Q.+*H.>SC&.T@4T!ORL_>. M$Z%_YL&5P_O/U/79 27(.+5<.JU4YZ4NFRK1?U@T_QQ#8\+PX#TEPMFHFPKQ6')%,- \F/; OU-$DF MJ+7&H62U(G?_0+M)]$96DK1VH"0B=^0?(1B Z8!6TE=9X@&F2*1<=_8VS@]< MN3Y?OQO6]B%*S.>33J#4UY%6,N3'CPZR&;0>E+[*EZU3^IK7BER_PWJX. 9< M2=0J?DW&5_YW(:C^'*!6G:\3R&' Q9[F>5.:V7($-T@5P.;>#,:XB5=)<#?K M)GF&=J1=NK .G+JRN1\MZ>F"FV>.QT4ZHI#FFL_Y1W^VA7/2LS@F)!TJ?V#1 M9O?VY9;NV75:Z(^RM+[>/"P#T+R1PV!42D]^N/HZ2MBA:5\S)9L=>?M"@"_A MC,T7D2C.V.+CP<0SN_MR +[F6]8/<<*N.'>\JU9)@J_UOE49Y/->NC;=?X4W MKSULFH-6D( T(O!=5RD$$5*(?)JM'$02!+1_S,L,D(@(D9",(OZ@2^G5E@B5 MJ=_-R=W8=NOZ]HAG6#8 RLF5KC'N>959(M.31>Y,V.;$>4ZBPA3;[<#)7W:H MECU1#6$W?V'[:)=F?) *[KL#[17 M=]F= 4;I95_I=-67!0\"3,K-!=/"E+2T*R*HX7*O.25#4K'YP9780KF.7?3C M+1'?^4B3:,^R-W_X[GOH$[J\2 _'/?ORYXS_Z3+-/N?7T;#)\&2$&=LY!K(: MV>G#!3FNTU]4-="QXD& ":FYD(K-B@A&1' *PPVG?^LCE_AO=[]F+RZ-R+S:8N97]X:I)EMUY M(&=;]A54/;T%#D2P@#?)XL5BS65%!!]2,H(WRMA&9U:\?;@=M*$\/)_Y"_<_ M*'YU=6FW-G0]:2?!K:!N@Z&KF:YKCU8EW2R,N2YZ9Y>-?@TV LGZXJ\_7-U> MW5UMKF\76';+M)1)YW C8Y%-UXTDB,OI QEZ32TQUTFK4(I$Z/*B)KT3I0X M L5EHPHB M/:H)C"4Q:I\$.W;1+IZ%X"]5:W0#XS>;% M.+$,Q<2-DWO("RK)JV3#$TK(C$E%5=RT8R;Q#@( M4S?3:,B@K9-EB5.2AX>,/7 LXCQFL_L0'^*"15+IG;+JSF6:^112G,06\[1E M^G"H)S+C>2*?VDP57-UDU!S)ON35J<'4*;\$#I]L"+DO"5%\2)$&2PY%>1*Z MV9&*::=R5U6SB_/MN$C8Q1&7'(^VLJ;O)%GB.?8CY:-8@A%^Z2>6B=]M$OOS M:RL=YG-K!T#J\VH+$?)SZD')##4]8!](^_;!^YP.SRE$3RRQ[;,#F18\;5 MN,-3XVJ&:9'C:EP%'#@6>_/M=V](0;]\$U7<"*O8D1WP(Z>\/!*3:S4#81NB MV5Q.8T7AC!\*^H74I*2F)8)X)5LDS!""&OBS>>]1KKL T?]QD8%&K'R0\ M[]A]L>8V\,"B-[VA&<4!Y[7J")#RXU4/\K._9?663NTY'6 /8I7;B\L217U>F'F-['>[%Y]CY)U[$([9[,#-/M4DRE M#_ &S"2D?EVO9UO;^G5=9SFC-=Y=U0HGL0CMELH9Y%K]G(CY9NB+N/ZZ2ZLW MQ2TV@_6T4B#EDAD&T9^YQ.4)S1ZX:",R9PQ18EZ@.(%2KU"L M9,B7* ZRJ1<))9&:8D&.6T>Z%ID'3U@I,6;_2(O$W&3I\R.CD10I[Z#M5C+4 MV)M!.)KX&R,-=@S.@&":,)"*PIR7 BL@9S24;L*),#1[SB^S@%+_G6_6-O2S M\]JM;X^HQC8 BO[J&N,JKEDB95Y 4\+;ZC)5X:CJ".'#6G;' #A;UBF:9+!O('8>4T\D'0%"J.'WH%]#!3_O3H<@8 MZ_OE#KG>!DD1]=,1EJ*M W2XNNLDG'J855$%J+<.KY2445I.[/!BDHW5_B0RV@^^_SG'T9 MH?AV.D2M=P&DJ+R-"%??AR53YI @"5+39P 3E([/^W$6T.[_IA'?S*?)F*5] MF!91RUV!*9H^1(BK[6[2*9.J(0M2ZV<$%93V+_.QEMC;T^SS19QM]Z-V]\/$ MF/M[5VCJ#G^($GF/[R:>YLE*]IF4A$$:@WEQ!64/%OMD2[C]]&'/WF9Q]* ( MZW &[T*-N05P!J=N! 9)D;<#CO*I?B<0DI(R2,,P-[*PSOP7_&Y+Q+6E!=U_ M2&EREU[&"11IE1[?-B58J\>U\(;?!GT$,\R8M['0U0@X7T[(\7#CQ-6^HB^ MEXC8**/?BI3L2I[]E_0K$C>%BQ/V7#6#GT3.(#GV RLX;JYQ$6,"C& X*E;= ME_=M#>?ZW3KPPXR=FQ7[S/-AB?(S'((.JFV,S#28A64&@*A59 P$R"5CK%)I M0EHZ>4W:&-T((N&JJ'"(Q"7W=64(:>IAE8GQPRB"^NZT!@2S\HL?B&NNV4*' MZX\B&81E(_8UM3?\8OT<&2#JOA=$Q1 X4>-:!0\1!TV$/MPO* ,Q!:ZV DY8 M 7Y3X,T4WC=T?-KD9=[LKA*.BN6%2XD<.QWFH:D#(/6\U$*$?%0Z*)EZY-:F MVA:9.$HB8QF7,QV-3L*QV9&:*(0J.LM_E%EC_Z^:9"QU<9%+&FNOR1BTH"ZUA&7LE@GT7MN#(\ ;=@^C6.!E%9@ M!,Q.G@$/^O,G'O 63E=?HE([P60ECL,:/D$HXXQH/W!T*[X'JTO[%BSAO$A\ MX/KXQ,KK'1$N>/DK>CC^Z3V>>F[X+C*3-BKN6NE$B:.,'J!D'70@.[OJ.^1SZ)D?RPA)2+79613LZG(@DB)TPA]S2 /&"MJ0"\&U#8"'&49AB#K MB+GUV55C2!2]:R0H5@1RKP@B\NN&[#?+K#?B#FI.'" [A8:+UFW5EU>1,]7< MM84$WXM<[?4^N4H=SM=.^ >]W_N7CQS?41#[TAF'S+&\T\A>0MG3S@9E(-MM M552@/IS)ZV)XE2)E\OUMG.1%=BJ]M323:*I+'_A=U;=(2M7)4@5IJ2Q5]M"W MULL-N+FH5&> I(Y6I.RJ.0!LZB* DUQW=VY'Y>P#5Y+]SEA 8>DT83= M\KXO:/[(MT%;QJ+\ANUAA.Y232)B^XCYM1=QZAN:06H&[>IH8!M@GSD=)4BDH4Y9 ?4I1$ MY/ZEXR/RS9=8G =+J]/7X/VYCY+1L9-8D)I'>-Z:.]#F>1?>P9*Q!)?A$,'2 M'N=8:1" ?*ID;'SV0Z4!2?S*N&&E(O8%,;IX&Z)^G.YSOI?G:\/[)_Z?.\TA MD[TIDE98Q.XHA*;=^77!*(0F[4?=E(BVY$?1^LP12PL*/D>6HB/;QKMXVP1! M7:2'XYY]^>Y;J#+FGI+;APUF]B)_N&HF(W<>R%F-? 55)V+%H8V1(Q6/%?GN M6U%%3Q?KB%7P=$&\%=JPXA_/_8'/:'_^^'OH^VV<'[B*?YYB@DR< K1"=M#. MADC/)DQ;9)/5:[;^\??5;*UYA6R19D)=86X@AVZ7EOW89[1.;_[S.^A_-NDYQ.@9;(!=K9+.B9A6B6SI%[3E+.IYJG@Q"?I^U MTBR(:[PE7&Z- MWH=LC9;[R.?O9I\V ]X*[2O9 MIRWT@<_J";M KL3]&03W7Q]=B?^; 6Z%]'?9GJ0\[GGAAL'<8]3$]XVU5,U13]-J8CQ_"]!K0G/P+%J+N-Q>;,N_1 X[[- M=&@?S+SI AB8.67C$.:.+(GK["EI KG4FQ<#F@YH';F!MD',?=4ELS;$GO,# M52OZM\ HGL0X(XS'.@(((D MC+GNBV")?$G7)]"WS:YQP,'GSETR)@U1(FZSW4 I.VL[&>YFVD4V;8Q"(@CA M^2YM]ECPRJV-IT3:+H]"=-V@:7>,@BZ$-$H3$9F^#]XJMXY^.N55^NLTNV;/ MZ^T6'H_'R<.G+$WX/[=E@@?+9MB3!\YZ. JHO$AZ,3C[RCE".C5LH.4A7L;" MN_&6#>GR0=]\P_Z'*V*4'L&P6O<=^J8X\] FMCS==.W./JO,0J@+$6Q'-]QH M5XV1]QR^DJ>RY.B;ZE;K;@N:1#2+\A^.$2T8;__[-W^P3G9'6B0K[ .L8WU= M",]O==VE4JUM:UD;8B)3(VO0)&RW/Y#K]+<$FG[SY@\+!7=S66 ITG@F]J;( M8=D:L;4QUU([[&A$C3#*-[]*N,]P* ,'[U](QI[B'/XMTO;Q'])3OG]I F_* M.@)T3QK66 4EW-!)K29X/NZ36GN/,-0XC(FMWB#86P8SN:WG[S>O<#X/ ))F M-,I5R&)BG_&0>,L2FL7IIV9&W+!CFA5,7\G1G0SIT-@13N?P>(#F_(?(3@*I M1[$5&6GI2$V(?8$R#M$Z)YLL?N"F:<^Q?"H++6 >-LE+;7/68%44*P6.CCB MD-7#TOSLFC$HB]7:MB3(ZC &QG9/\QS>(94.JG34M<231[YIVK,J^:&(0&]R M(,+;)YJ\.+QW=.:!^=C1$ZCZTM&1 ?(S1R\IK3LCD2T(]OQ%2BC)!>,R^V63 MK*#.V?)"MB5S\OP8;Q])^ISDG.;-]]^7.0PXY#CBXG.O1:@ MWU1SH__=5X:O'D""X8^,0DID88&OTR1CD,&&H[5Z \[4R*F'W9I^(J4K+=W=TGQ.R+&=JCVUY2\JJW?/208N0S$Z* M5/'BM.K7#\"+1(G$E8 (0HH=N\MI R#66A^ A85U^?O__ERZG0\0A([O_>.7 M[F]GOW2 -_-MQUO\XY MU)D%P(J W?GI1.^=9Q $CNMV[@/'7H!.Y_:W\]_.?KON=G[]->M\;X6PL>]U MDE'.?^MN_M+/!O*]OW6ZW2^W7\[/NK>=[M^ZUW_KWG5>GS<-G^'$Y@ZUI>MX M/][@USJ0."_\VV?H_..7]RA:_>W+EY\_?_[V\^(W/UC KF?=+__]_#29O8.E M]:OCA9'ES< O'=C^;V'RRR=_9D4)9PK=/]\"-Q_@XLOF6]@6Z%^_YLU^1;_Z MM7O^ZT7WM\_0_B6=(L/XO^3$H%]4D=.]N[O[DOSU%\B#3N?O@>^",9AWDM_] M+5JOP#]^"9WERD5C);][#\ <_BX T:^(CV=W%V=H4O_C(9-P_M^>9P^\R(G6 M0V_N!\N$);]TT/C?Q\.=N3A> )SHMYF__(+^_(5MI"]U)SR)('[0^'W?"WW7 ML1&<[BT7R7/R#D 4LDV799P#3/;5"N"?WT'DS"Q7ULSW!E5#QN:7X6@^6H$@ M$7 (I3Z"7P[Z_G(5@'?@AV9?[2YS<&%CN($1P''H?((P2 M4/+.$#.(Q&D^ :C!#.'*\!;.F\N/@')_F9-S/( 6<@!L)^*>V6YGB=-ZAG!9 M6 OPXD< 'MYKZ\UE/"UI8TB@R)DWSQH7;B17 HV&$!40[@L0'/_.\>O%>E1_[0RQ03! M7[T[*UY*:GQ(ZI9E@^4*G4*O4#L5V*SVNDN:^'&D"MI%RA+"T7H:0%E9LT1#YY;+&DDQ3JSV(1)(QU SQ %,'DT16>EV&2K1E!D;NK9=O(=I-EN M3/L[F'>[C$-WRP[RC(-4*)M D>RIW^D.QAOSQ)MGR#;CV MHQ],+!? IM_1C7MC-^[-YX[KP)\.QB?.V33)N.35YE!\V?U8L\MH!G9^'_@> M_'$&#KR>F&:A4#F6>;[PC:V0J$F\7%K!>C3?_ '>'V. [ (O(-J8VM+G24G$ MBGWS@$SHA2%(3",0;O$R3M2M![ *P,R1*73ASZJ^6&TF)O,$K?,EA=_W CBR;'>X F$K/Z[8NDMD0C_JH,&A1,Y"+N@M)QE,H7%(@ +^%-Q M+H//%?!"T1U#UE=5O<')/ HX!E9\Z<\6HR =+".J)B"#B?UL17&0K);1O*JA M3!*YOZGR<5,F,#D'5VS@Z5M!L(;327Z/G/3RC6#3&*XA?[FRO/7DT?$L+WWB M"J,@KG-J*9V*8I9M=\W"Q-(C9>1!?3H.H!*^N+="1R9W1+ZJF!$DN50=L1*Y M(?QIQ2R1N5'PCZ^#;X),#BB:A#J?!IG$6+?.,"; MR&O@PW42K9\M#RI0F4?^O6\%]F@^#>(P N 1"&_1LKYZ $;T[ \G](-U#]YS M\AG5L4"*?T>11XA<.+..J^AU[#4.9N_PTAKVH7X#F?A/8(D*BGE8U:2\!HX? MR":D/*@B,C:FI<(O'^ *V&@KHGN(X$<4>@M)M4QSC9T1M8+G(PHK0'][@C1D ME*"A)01?%5D%/B-X:@%[\ULG0M\X.SN[.^O\VLD'*OYH>78G';53'#:9.9R[ MZ\]VON"BB#H_H$EC]@-^LWO9/;\Z._\7:?Z]-WCQ@WMM/J!KO0'W'[\(]/_" M->6,[4FL7@AFORW\CR\V<% \XB7Z 9%S^>M9-XOS^Q_P5_]*/SX&"P=]TXM> MK"78FS>NV;^N+ZYO;LYO[FYNKB[.SR\O+J\*,RX"I!?LSMX*9ODWX(\ES.P& M&V8MOJR26+%?9^^.N\'"//"70HS-9N-S4N<'4+'_QR_=7SIQ".?LK])U\DL' M4CL'<+^VGU*>8:E)2(':90B2EH<3<1_R)$!+V@:?_R]88V6\U\XT(;.0ETGY MO%52SEDRA<-6"+?X9W-D2J4J$^5%*T7Y"J#F!)EA(_V"(-.==N8)ETY>)N7+ M5DFY!VFS$X.A:RTJI+OS=W.D2BH59MN>BR@U^VN*;FR)B+ MPDS.(0KUI5-C='[-Q49J*_*8G^4 )\=%P0]"$R%WZ M5XEW6IDF+CIQF91NV[A _>72]R:1/_N19*L(1W&$,NK820C,K1UG+19V>GE@$W>AK:D"IY&8BUR^ MA>OO7_9-QO4,R2QIL9C,R-TS9$;># =_[H]>)J.GX4-O.GCHW/>>>B_]06?R M;3"83OALR$7XSJWP+6%2'/ZZL*P5PO#-%^!&8?X;!.:; IBS7_^KD')IXTCR MFCU]84S-?%W%UZ0X49DG#'GZNXVT69,B@D'+D8,LK0S-XE*N\O'.']Y? $[L ME%[:X8!!GF40B!"I !4K]#@+3Y+$W-T$1%"N,I22 OX')9'[L-SD#7+7Y1(# M%*:^9L!%G%0%KQF-@V8,%TS@S.")7\T7[,9"[F8&5(2H5/!0TCA*"G%%0V\; M68K\'1S;L0+DX!Z&_BSY+>33?_J.%_T.F\=)CL1*"-4:TPQ\R6>!@O>;QL'W M$(-'R.N"#YZ#!55E6S/ PDZ:@F>?QD&0!2\GH]H!CP$Z<2^'K48*P_9S/M^&(4< M4*'V,P,I8F0J>,!J'"C[$>-P0QU\SMP8/=Q\]7W[I^.Z6!66WM4,N A3*NF5 MZP,$;[X^F$EB/%).8*!1:&$& F@$J7CB:ES.1!&;)%T&P=:VE?J1Y>HBV&). M$/++245+[40N^GS"2IM6;MSB0M_-DU\I[6(3[<3,*JZRH*ED*7T/N6Q&W),5 MR#,%A"%:'?>^9V/D7MG6( "PTV?B(T<>L)TO 9[K($-7@W B3*Z)KQX/,9CZ MN_96'N2P]38)/#4H-O'A8H(2]B0)?9/X^IRQ^^[1M.8&(82+1!.?,2;Q&R0+ MZNA)>LHWK+?97C.3(,!"FM+'BX;4T=%\_FP%/T"4)&C\[LVM#S\@7$6P[0T" M Q^-)CY3Y ]Z><6'P+)YU%/6[@9AIA;))CY@C$$$R44IQ(BFC?UF!D&"B30% M\3:-BSY/KS:&I^D#")P/**\/4&3D-HDB_@V+>0B#(%.;;,W>.VA)=K(I#;TP M#E!@QVO@SP"P]]\VV#KM,.2BE3BH0:B*R)[&=Q)XJ@8Q*&93Y=-"&#H;@!H) M!.?H,$D56ULO&J MINB8&F*$2]88A50J.Y2^[7>;V6:>'2^90$YX=89XW'G$V-L<<,D@7"_' ,H> M528T>9"T7'<]^ND!.XL/+JLL@J.8 Q69#%#J%-#0SE.H'Y:XQ*+*) %X!U[H M?("T[-Z3'R('Z=%\:GWB;\P\HY@#+YD,,-)GH,18R(S4S_X598&#$M[1!*JK MIS#KVB*#FP=&A7R1Y<2@DP%@MZ!BF7D,GM15W33$57VW:F9"96UF!: TE2XJ MO9V\@\B969O0*6KNJ"OVW%&=_]CYQ/\\Y9*BZ849FGP#]1Z7$DFW9!8G7PE9?7- MDV7$B26>(8Q!46VBE5F?#Z*';'X9CN:9:0M5-?.PETQ&]>21Z\ M0-5D]-@9O0[&O>D0-NCT7AXZH^FWP1BV?WX=#[X-7B;#WP>=X0O\]Z )O24E M>T,)157!MF[&T2W!-"UB<[^9=FN;(H)=SS8&6@Q1(C:FZ'33VN/2,SP>E_$R M^5O&%9SC-.\XV@&$2>IEL,@A7.EST46C.P?*GX7>Y1%/_W"B]WX<1I!%P2:5 M11H?"6R\X59@)%/@)8MT21HJ+B7(3;.'$^50,@P,:M]]*HV>W%L(Q322)XE48, M=L)-3,+] .#D4<)6)$./S4R![6$\7'AIU\L'179F?Z@PD;>5JJ;&8X29:+U2 M4%"TCKQ P;/E68OD#'X$(*P6/WM'8\%0DP5*/45D*Z3?H^SQF $-^VV/ P!, M5)N8/@(])([F.?['*-EO@*S;SY8#]:WDS1$;@D'M:2QVZO+ Q%3:Q:(Y6= C M5>G8M#0>*:PTFYB1XBM<#%*=C/^,GPW\.0C#A!""_/>;F0L" M)DI--']N'-PP)PFVG;E88"-5E@6S\I;9T(F0!-7 PY&"A?UFVD!!P!N8B19E M@80-K?5M,#AMM6];MEG(K.0HB"QNK)1:2BK%K[^B9:OES$B.@M>G9E+5YFA& M=M4T$/H91.^^7:B"38Q"H?35#@NL BY#0YQ>O(%]_S=S=&TBY1;FT0 M.G@H5&H_NI)L/]J^HTTL%Z!WD_P5-DVK6GR5Q6T9]0G5R]F.@H:R%I:9 M9C;YPT2N/2H^81JV5+)%EE>?3CG;T)N!$Q&L:-L&VD&%PZA"H4*!9&7O)Q6) M!8?>"XBV<&;)="QIU#9"027I"LJ''1X_(IF0:PU\'"@2R8PLLQA9$Z?*#@,P M!\M.FS9"@9T0:37!&GZ3&5B!!X$>OH)@\@Y9>&^%SBSQ0W+C:)L=:T_0E%YM M%KT(:2K*A#54[F<_:5J>E9OR8,?0L\V@$"5/106P]ETINLW*651XG%>.KL%/ MGH8C">=P7]] M'T[_V7 E$8'JJ4Q]FZEDE4UMBO8_VOR31MHM:R[1[%:4HM)EXKUP0W;*(;27 M^1YZ9^U].C@K ;&/OHC "Y: !F82">!H_AQ?^EZR&I[!\@T$^--[MYV^HF26 M2N5IS4"E(0GZ>[;MI#-_M1Q[Z/6ME0.U!B(,B'V,A 0_Q8;D2"Y4F7E 48WH MZH/X',&PG TW[R@D2'#.XZ9,)+"A<83S5 <%LHES"NAP=3'*!B(4ZS M>-"(:T&EN82X<9"Z& 4.88(5N%H?Q'^IRD.+OE'PCV842E3PHO%@5$$ X9RS MQ$%$'O'X@"3 #P794QO1>_V9(_(D15:":PUJ%/P4LJ1Q?UY)_GJ[3'WPEY:# M2]5;V=9(O+!3JL ;MW$[W8:#3XX'AO!'JOUUTU!?- @97?+4&X[B*(PL#W&-_J!0 MZF(.FKBIE+1_D3#"G>=#XBXV#,,8V$7?Q-\M-P:Y%SZPT?D.O# 1[M< [XPL M.)HYR)+) +TR@2B%6[H*I>&-.IR&@).'&V94BK%)J4M%0[L@SMXR"U A;Q3: MGN;:>$T$F2L@1 VNSI :PE-P/Y3.!1.]-I/E.0:K.)B]HW58V@%(NQ^IGSDX M$B.U[DL,I0*0AG!)MW0!O*0=-02,B-SY\$,@O>Y91P$0=U%+.0!Z<#X<&WAV M6+@']:WP'0,;7',-P2*XNW!16/=U3N--!:. YNP9 V>;FLZU<,9OD:',P9(T MZDTL>TB\B,B!&7DL#7$F"2ZY=]EOZL(M!K:SAS<&J4H[4SJ^FYP6WS;E9 MA8'"EJE5:O:TQ@7=3K^>84TCJ)I=\QI*YSXR9_V/PY%OG\6GTQZ3A?!P; M*MG3<%1T:2@S+YH)/&61,# MS8-QS\30"61)"Q&+0%;%*BQ6/=O6RL,@E[6[=F@\&&C*>*W%,\5N, WY(N\7 M4LN*)?'6FMOO=D)=35[5W?%DH^U4 U,S=,DOHBEL/*!@K:$'F90G]W'H>" , M$R-;$">D#;TP#BQO!I"D/D"P#TJ!$4Z(E,>VNM[M%#C>-7W0)LL3LG,*@J7C M):"@GK(5?4Z0J\,HQ5[QM\V 3*0&*%??$^AD,$RQ]W1#'CS5'-BXE8^"G5=Y M# KY!CG!42KG)'E;X^JM-'3%35B-RD _^L&#'[]%\]CMS69^C-\+25U.F*O! M)Z4.L0WAZP' R<\ M^G[("++=+B>(U>"36A_#A@"6)S#( M'6\+G,TRT5,>7]D'T Y\RIY4:_)$:;JXL3+>PR2I/5)/E@0]N, M28T9:Z1!M,-;35BPX(R;'XH?1+5!6WZA@6<,<#X():98NAXCLABYH/C)4QL\ MO09@93GVX!/EF6+'TFZW8\01 P<4/V5J@Z'$AV"K;9!NCFR=CQ%/S'Q0_"*I M#:J@"H"N4D4%@$>=VN][C)AB98."^B@: FH"9C&:T@-8^:'#L47M=SQ&*#'Q M0$&9% UQE&N0K]9:2/_.^ATCBEA88&*6I4I.!#$DQ;'>'-?A.MS*78\42BQ< MT"OIS:&#W&H'MVF'+&6VSIH\D94%M[(>O5XX2_TY) 13$@;2#G>2@BEY23:D M1BX\[[.WL=[LS]@)0,^S'\ ')$D_PHO%V%VF&DBS_GQZ =/ M4#/(7SY1V@(G1-Y (630%'B6%PV7*R@.0/([%1SM^. G@T%FVM@+'(+LGP%@ M)RZY=)]G>L>CA!D/+W0+'J($JNV2EH6C0)(AF;X+[\E6L.[[D.0@K'!2KC&2 M^3B2S1RE12X:IK^>)'@.Z(P]C[. '(RQ"ECP,-P8N= MT;7-:\<#LIH\D?5LT )S[L9CO*XYES"0=KB39,[E)5F!1W23-P?&2 Y<<^U0 M(4G*^)L!5WR&+F8QJA'#@02M+'=#I#=9H3@Z%SFQA6'RNVI?">%QS$>.7-88 M:FDMVG7",$9FG='\R?<6*.'& WC#'6#TCN8#K"8O3(SM&8/59I]F0!&N^?%@ MAXL#9OHM%Y?/$\HQ!15*2(K#LO7LM#\>U/"Q0*EORX4'^&V1;KCFMM5 MZ%X,F([FXZPF+^H:'S75E#;[=U5Q;ZKIJ*K3\2&)@P]ULQ7IB2)V#M2Q!#T/^C)_(/RP5)R@#T&#Z#JP']H8=*=1=_46B9EATM!ZUD M==@&G[,D._88KJS!? ZP+RV'G81V@.=]I=& 70KB0%J'?A5@/FYLJK2,I&7V M(#E!= (6ZE'!L"'%=:=Y=^Y4=FR[F.(E7*S?YK>4^..',]<,X .PU'J]$ M:CRB/H7O=HH?/I5_;& 7H5 K9>R=975Y;,<8D0M*BPJOG MQP9+^9R3YU%L<_@'8(8U75))&J M=!MK+$LXG Y<&*^68[\ ?'KFG5;: $&28,O["0O!)M;V?O&]&63>-BC$LS=O M'D.XUJB!$*S]M8&0._2*2F"&SW?/02F44 H2N'-._=>$]YF#3^*06'@I"-9;U8\D JPG M3#.3.#;X-L%.$[/4) YNR#\7V%WL.]2VB;$P8R96:<#$E>0],$F4$SII HBT MZ,'0RUUM4(JFC6,VXB,JI^V[+N)<=F--5Q)I@Y/S!6-A=2A>Z94:GH+*W EL MZ#U9GEW,8YA45-C^62C0N?[HQX%&17PR,5KCNP=9X3I_ ?NKY7BHVN3(>P"! M\P%!\(%UA:;T,A9E=>@WL69TQM=1@&K$9/\H' 7),WI^'F29[;"ZF-!8QB-- M'E>4UJ"6;4JED(U"Q0OU&R"37P-_!9(Z17G0G0V9$B_+>%/V'6.Q>%B.J:UB M+5OAVV9.1[ZB41 G*>E0D3]_ 24>HF0]F[R'Z,#(-=[DH3WO.[4^R7<1B9\Y M#IBJ9IC:4MC=PVZG^0'RAQ.]DVM421KU.# HF3\YY-0\<6P@)]N9?NN=/@H6 MEI?5FV?RD.^>P?_K_%IP<(?_&(V_]EZ&_U]O.AR]-.'N7J1B&Q^ H(K.NBV/ M-AG;+'<;.D!Q"Y T=A-7@5I3WPIX"J%P[^+#NF5_1KN=2"J\BC>)@W!.P3.] MZEUIDR(O>R)90WY,G(7GS)V9Y479S@S/@5?(L9G#&-S3/3LO;UVOX^%+?_C: M>^KT^M/A[\/I/SN]EX?.9/CU9?@X[/=>IO /_='WE^GPY6OG=?0T[ \'DR8V MN3+5E)T+WP'BY.KJ]NSBZO;\MGM[=W%^WI"QXMX*G7 T+V*=)FK:;E1G2.UV M'DX1EG<8Z=QHX6XR 0NT88[!R@\0H8R;Q45YLY@,OJ+8O\YX\#H:HPVAD=B^ M/7)H<7V8YEL 79W=7)PWMP?L3Y!=\6#HJ=V*YA)'Q8.Q(,DM7+;;*W]%^1K* MVKTLK]WQ )[Q@R1^MS-\^1W^E(3Q-K&"MY11UFZYX18F4+HW%W>-K=KMU-C7 M*[&/=BN5D?GE-M??:0UEE-^55]@SOJ%][ M7P>=E]$4+K?7WC][\'AM8K'E=#WYEA>./&;]EZ%?$TNP2DSLQR9C;^T6*;,0 MB^NU#K$M7,#?@+VHC-:@K-[;\NK]-GCXBDS.F5FZ(:/SUH-NF#S9IT\:GETB ME.,L%1YQJX^=778A5AK3F05HH.T*=8;4;JN0+>/ROB*=72W<;!XM)TB<#9_A M71S^&_& <;^Y*^\WC[WAN/-[[^G[H/,,;^3?QTF:NR;VG U=A21ZE$V%U"5' MU/79]7F_C%[ZHY?I>/3TA+2*XGH8C"?P]YW1ZV#<2U^[>^/I"_SMM^%K$_M -9<8LGC@.VU V.U"'%Y> M-[87/#M>XN253Y#C^D#OJ=V^(""4BJN$(.$MW!_&P ;+9)ZH3 WC):);X9@W M'CP,GE^16U[G]:GWPGF%H/I9[\R2)5<7MDL3:W :)'K3.@G"I2V[ZL;:K#0> MP107%0=9+5Q']\ #