Under liquidation accounting, equity investments are carried at net realizable value. The Trust’s nominal ownership percentages in its equity investments consist of the following at September 30, 2014 and December 31, 2013:


Venture Partner	Equity Investment	Nominal % Ownership at September 30, 2014			Nominal % Ownership at December 31, 2013

Gancar Trust (1)	Vintage Housing Holdings LLC		75.0	%		75.0	%
Elad Canada Ltd	WRT One South State Lender LP		50.0	%		50.0	%
Elad Canada Ltd	WRT-Elad One South State Equity LP		50.0	%		50.0	%
Mack-Cali (3)	WRT-Stamford LLC		N/A			20.0	%
Atrium/Northstar (3)	10 Metrotech Loan LLC		N/A			33.3	%
Atrium Holding	RE CDO Management LLC		50.0	%		50.0	%
Freed	Mentor Retail LLC		49.9	%		49.9	%
Inland/Lexington	Concord Debt Holdings LLC		33.3	%		33.3	%
Inland/Lexington	CDH CDO LLC		24.8	%		24.8	%
Inland (2)	Concord Debt Holdings LLC		33.3	%		33.3	%
Inland (2)	CDH CDO LLC		24.8	%		24.8	%
Sealy (1)	Northwest Atlanta Partners LP		60.0	%		60.0	%
Marc Realty (3)	Brooks Building LLC		N/A			50.0	%
Marc Realty (3)	High Point Plaza LLC		N/A			50.0	%
Marc Realty (3)	1701 Woodfield LLC		N/A			50.0	%
Marc Realty (3)	Enterprise Center LLC		N/A			50.0	%
Marc Realty (1)	Atrium Mall LLC		50.0	%		50.0	%
ROIC	WRT-ROIC Lakeside Eagle LLC		50.0	%		50.0	%
New Valley/Witkoff	701 7th WRT Investors LLC		70.5	%		70.5	%
Fenway (3)	WRT-Fenway Wateridge LLC		N/A			50.0	%
Freed	Edens Plaza Associates LLC		1.0	%		N/A
Various (4) (5)	5400 Westheimer Holding LP		32.0	%		N/A
RS Summit Pointe (5)	RS Summit Pointe Apartments LLC		80.0	%		N/A
Freed (5)	Irving-Harlem Venture Limited		1.0	%		N/A

(1)	The Trust has determined that these equity investments are investments in VIEs. The Trust has determined that it is not the primary beneficiary of these VIEs since the Trust does not have the power to direct the activities that most significantly impact the economic performance of the VIEs.

(2)	Represents the interests acquired from Lexington Realty Trust on May 1, 2012.

(3)	The Trust’s investment was sold or fully redeemed during the nine months ended September 30, 2014.

(4)	The Trust’s investment was sold subsequent to September 30, 2014.

(5)	Investment was consolidated under going concern accounting.