19.

Subsequent Events

Denton – property sale - On July 2, 2013 the Trust sold its Denton, Texas property to an independent third party for gross sale proceeds of $1,850,000. After costs and pro-rations, the Trust received net proceeds of approximately $1,703,000.

701 7^th Avenue – increased ownership and commitment - On July 9, 2013 the Trust agreed to increase its ownership in the current joint venture and to participate in the future hotel development. In doing so, on July 23, 2013 the Trust made an additional $4,927,000 capital contribution to the joint venture and has committed to invest up to $120,000,000 in the aggregate (inclusive of the $35,404,000 in contributions already made).

Atrium Mall– Assignment in Lieu- On July 26, 2013 the joint venture that acquired the loan collateralized by the leasehold interest in Atrium Mall, Chicago, Illinois property entered into an agreement with the borrower pursuant to which the borrower conveyed the leasehold interest to the venture in lieu of foreclosure. Accordingly, the venture now holds the leasehold interest in the property.

Thanksgiving Tower– In connection with the acquisition from Lexington Realty Trust, the Trust agreed to pay a contingent purchase price based on the ultimate recovery on the Thanksgiving Tower loan held by CDH CDO LLC. The property collateralizing this loan was sold in July 2013. It is expected that CDH CDO LLC will receive its allocable portion of the sale proceeds in August 2013. To the extent that CDH CDO LLC receives in excess of 81% of the Thanksgiving Tower receivable of approximately $16,725,000 inclusive of interest due, the Trust will be required to pay a contingent purchase price to Lexington Realty Trust of approximately $2,063,000.

Metrotech– joint venture loan payoff- On July 30, 2013 the $40,000,000 loan held by this venture was paid off at par. The Trust received a distribution of $13,333,000 in connection with its 33.33% ownership interest in the venture as a result of the payoff.

Seabrook– property sale- On August 1, 2013 the Trust sold its Seabrook, Texas property to an independent third party for gross sale proceeds of $3,300,000. After costs and pro-rations, the Trust received net proceeds of approximately $3,202,000.