0000711642-13-000054.txt : 20130313 0000711642-13-000054.hdr.sgml : 20130313 20130313135609 ACCESSION NUMBER: 0000711642-13-000054 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 10 CONFORMED PERIOD OF REPORT: 20121231 FILED AS OF DATE: 20130313 DATE AS OF CHANGE: 20130313 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES 2 CENTRAL INDEX KEY: 0000719184 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 942883067 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-11723 FILM NUMBER: 13686978 BUSINESS ADDRESS: STREET 1: 55 BEATTIE PLACE STREET 2: P O BOX 1089 CITY: GREENVILLE STATE: SC ZIP: 29602 BUSINESS PHONE: 8642391000 MAIL ADDRESS: STREET 1: 55 BEATTIE PLACE STREET 2: P O BOC 1089 CITY: DENVER STATE: CO ZIP: 80222 10-K 1 ccip21212_10k.htm 10-K FORM 10-QSB—QUARTERLY OR TRANSITIONAL REPORT UNDER SECTION 13 OR 15(d) OF

 

                                       UNITED STATES                        

                            SECURITIES AND EXCHANGE COMMISSION

                                  WASHINGTON, D.C. 20549

 

                                         Form 10-K

 

(Mark One)

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

                                            

                     For the fiscal year ended December 31, 2012

 

                                            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 0-11723

 

                  CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES/2, LP

                 (Exact name of registrant as specified in its charter)

 

Delaware

94-2883067

(State or other jurisdiction of

(I.R.S. Employer

incorporation or organization)

Identification No.)

 

                            80 International Drive, PO Box 1089

                             Greenville, South Carolina  29602

                         (Address of principal executive offices)

 

          Registrant's telephone number, including area code (864) 239-1000

 

                Securities registered pursuant to Section 12(b) of the Act:

 

                                           None

 

                Securities registered pursuant to Section 12(g) of the Act:

 

                                 Limited Partnership Units

                                     (Title of class)

 

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes [ ] No [X]

 

Indicate by check mark whether the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Exchange Act. Yes [ ] No [X]

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 [X] No [ ]

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). [X] Yes  [ ] No

 

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (229.405 of this chapter) is not contained herein, and will not be contained, to the best of the registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [X]

 

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

 

Large accelerated filer £

Accelerated filer £

Non-accelerated filer £(Do not check if a smaller reporting company)

Smaller reporting company S

 

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

 

State the aggregate market value of the voting and non-voting partnership interests held by non-affiliates computed by reference to the price at which the partnership interests were last sold, or the average bid and asked price of such partnership interests as of the last business day of the registrant’s most recently completed second fiscal quarter. No market exists for the limited partnership interests of the Registrant, and, therefore, no aggregate market value can be determined.

 

DOCUMENTS INCORPORATED BY REFERENCE

None

 


FORWARD-LOOKING STATEMENTS

 

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements in certain circumstances. Certain information included in this Annual Report contains or may contain information that is forward-looking within the meaning of the federal securities laws, including, without limitation, statements regarding the Partnership’s ability to maintain current or meet projected occupancy, rental rates and property operating results and the effect of redevelopments. Actual results may differ materially from those described in these forward-looking statements and, in addition, will be affected by a variety of risks and factors, some of which are beyond the Partnership’s control, including, without limitation: financing risks, including the availability and cost of financing and the risk that the Partnership’s cash flows from operations may be insufficient to meet required payments of principal and interest; natural disasters and severe weather such as hurricanes; national and local economic conditions, including the pace of job growth and the level of unemployment; energy costs; the terms of governmental regulations that affect the Partnership’s property and interpretations of those regulations; the competitive environment in which the Partnership operates; real estate risks, including fluctuations in real estate values and the general economic climate in local markets and competition for residents in such markets; insurance risk, including the cost of insurance; litigation, including costs associated with prosecuting or defending claims and any adverse outcomes; and possible environmental liabilities, including costs, fines or penalties that may be incurred due to necessary remediation of contamination of properties presently owned or previously owned by the Partnership. Readers should carefully review the Partnership’s financial statements and the notes thereto, as well as the other documents the Partnership files from time to time with the Securities and Exchange Commission.

 

PART I

 

Item 1.     Business

 

Consolidated Capital Institutional Properties/2, LP (the "Partnership" or "Registrant") was organized on April 12, 1983, as a limited partnership under the California Uniform Limited Partnership Act. On July 22, 1983, the Partnership registered with the Securities and Exchange Commission ("SEC") under the Securities Act of 1933 (File No. 2-83540) and commenced a public offering for the sale of limited partnership units (“Units”). The Units represent equity interests in the Partnership and entitle the holders thereof to participate in certain allocations and distributions of the Partnership. The sale of Units terminated on July 21, 1985, with 912,182 Units sold at $250 each, or gross proceeds of approximately $227.8 million to the Partnership. As permitted under its Partnership Agreement (the original partnership agreement of the Partnership with all amendments shall be referred to as the "Partnership Agreement"), the Partnership has repurchased and retired a total of 3,048 Units for a total of $611,000. A total of 1,990.40 Units were abandoned and accordingly retired by the Partnership. The Partnership may, at its absolute discretion, repurchase Units, but is under no obligation to do so. Since its initial offering, the Partnership has not received, nor are limited partners required to make, additional capital contributions.

 

The general partner of the Partnership is ConCap Equities, Inc. ("CEI" or the "General Partner"). The General Partner is a subsidiary of Apartment Investment and Management Company ("Aimco"), a publicly traded real estate investment trust. The Partnership currently owns and operates one residential investment property. The Partnership Agreement provides that the Partnership is to terminate on December 31, 2013 unless terminated prior to such date. The Partnership Agreement also provides that the term of the Partnership cannot be extended beyond the termination date. The General Partner is currently evaluating its plans with respect to the Partnership’s investment property, which may include a sale to a third party or continuing operations past the expiration date until the property is sold.

 

The Partnership has no employees. Management and administrative services are performed by the General Partner and by agents retained by the General Partner. An affiliate of the General Partner has been providing such property management services.

 

A further description of the Partnership's business is included in "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" included in this Form 10-K.

 

Item 1A.    Risk Factors

 

Not applicable.

 

Item 2.     Property

 

The following table sets forth the Partnership's investment in property:

 

 

Date of

 

 

Property

Acquisition

Type of Ownership

Use

 

 

 

 

Highcrest Townhomes

08/22/02

Fee ownership, subject to

Apartment

Wood Ridge, Illinois

 

first mortgage

176 units

 

Schedule of Property

 

Set forth below for the Partnership's property is the gross carrying value, accumulated depreciation, depreciable life, method of depreciation, and Federal tax basis.

 

 

Gross

 

 

Method

 

 

Carrying

Accumulated

Depreciable

of

Federal

Property

Value

Depreciation

Life

Depreciation

Tax Basis

 

(in thousands)

 

 

(in thousands)

 

 

 

 

 

 

Highcrest

 

 

 

 

 

Townhomes

$13,818

$ 5,053

5-30 yrs

S/L

   $ 9,537

 

See "Note A – Organization and Summary of Significant Accounting Policies" to the financial statements included in "Item 8. Financial Statements and Supplementary Data" for a description of the Partnership's depreciation and capitalization policies.

 

Schedule of Property Indebtedness

 

The following table sets forth certain information relating to the loan encumbering the Partnership's property.

 

 

Principal

 

 

 

Principal

 

Balance At

Stated

 

 

Balance

 

December 31,

Interest

Period

Maturity

Due at

Property

2012

Rate(1)

Amortized

Date

Maturity (2)

 

(in thousands)

 

 

 

(in thousands)

 

 

 

 

 

 

Highcrest Townhomes

$10,391

6.17%

30 yrs

10/01/17

$ 9,414

 

(1)   Fixed rate mortgage.

 

(2)   See “Note E – Mortgage Note Payable" to the financial statements included in "Item 8. Financial Statements and Supplementary Data” for information with respect to the Partnership's ability to prepay this loan and other specific details about this loan.

 

Rental Rates and Occupancy

 

Average annual rental rate per unit and occupancy for 2012 and 2011 are as follows:

 

 

Average Annual

Average

 

Rental Rate

Occupancy

 

(per unit)

 

 

Property

2012

2011

2012

2011

 

 

 

 

 

Highcrest Townhomes

$13,379

$12,818

95%

93%

 

The real estate industry is highly competitive. The Partnership’s property is subject to competition from other residential apartment complexes in the area. The General Partner believes that the property is adequately insured. The property is an apartment complex which leases units for lease terms of one year or less. No residential tenant leases 10% or more of the available rental space. The property is in good physical condition, subject to normal depreciation and deterioration as is typical for an asset of this type and age.

 

Real Estate Taxes and Rates

 

Real estate taxes and rate in 2012 for the property were as follows:

 

 

2012

2012

 

Billing

Rate

 

(in thousands)

 

 

 

 

Highcrest Townhomes

$316

8.23%

 

Capital Improvements

 

During the year ended December 31, 2012, the Partnership completed approximately $301,000 of capital improvements at Highcrest Townhomes, consisting primarily of plumbing and water heater upgrades and appliance and floor covering replacements. These improvements were funded from operations. The Partnership regularly evaluates the capital improvement needs of the property.  While the Partnership has no material commitments for property improvements and replacements, certain routine capital expenditures are anticipated during 2013.  Such capital expenditures will depend on the physical condition of the property as well as anticipated cash flow generated by the property.

 

Capital expenditures will be incurred only if cash is available from operations, Partnership reserves or advances from AIMCO Properties, L.P. although AIMCO Properties, L.P. does not have an obligation to fund such advances. To the extent that capital improvements are completed, the Partnership's distributable cash flow, if any, may be adversely affected at least in the short term.

 

Item 3.     Legal Proceedings

 

None.

 

Item 4.     Mine Safety Disclosures

 

Not applicable.


PART II

 

Item 5.     Market for Registrant’s Common Equity, Related Security Holder Matters and Issuer Purchases of Equity Securities

 

The Partnership, a publicly-held limited partnership, offered and sold 912,182 limited partnership units (the "Units") aggregating $227,800,000. The Partnership currently has 14,613 holders of record owning an aggregate of 907,143.60 Units. Affiliates of the General Partner owned 574,447.25 Units or approximately 63.32% of the outstanding Units at December 31, 2012. No public trading market has developed for the Units, and it is not anticipated that such a market will develop in the future.

 

In 2010, the Partnership recorded a distribution payable of approximately $29,000, which represented the estimated Ohio withholding taxes to be paid by the Partnership on behalf of certain partners in connection with the sale of Glenbridge Manor Apartments. As it was subsequently determined in 2011 that no Ohio withholding taxes were due in connection with the sale of Glenbridge Manor Apartments, the Partnership distributed this amount to those partners from which it was withheld during 2012. There were no other distributions made to the partners during 2012 or 2011.

 

Future cash distributions will depend on the levels of cash generated from operations, and the timing of the debt maturity, property sale and/or refinancing. The Partnership's cash available for distribution is reviewed on a monthly basis. There can be no assurance, however, that the Partnership will generate sufficient funds from operations, after planned capital expenditures, to permit any distributions to its partners in 2013 or subsequent periods. See “Item 2. Property – Capital Improvements” for information relating to anticipated capital expenditures at the property.

 

In addition to its indirect ownership of the general partner interest in the Partnership, Aimco and its affiliates owned 574,447.25 Units in the Partnership representing 63.32% of the outstanding Units at December 31, 2012. A number of these Units were acquired pursuant to tender offers made by Aimco or its affiliates. It is possible that Aimco or its affiliates will acquire additional Units in exchange for cash or a combination of cash and units in AIMCO Properties, L.P., the operating partnership of Aimco, either through private purchases or tender offers. Pursuant to the Partnership Agreement, Unit holders holding a majority of the Units are entitled to take action with respect to a variety of matters that include, but are not limited to, voting on certain amendments to the Partnership Agreement and voting to remove the General Partner. As a result of its ownership of 63.32% of the outstanding Units, Aimco and its affiliates are in a position to control all such voting decisions with respect to the Partnership. Although the General Partner owes fiduciary duties to the limited partners of the Partnership, the General Partner also owes fiduciary duties to Aimco as its sole stockholder. As a result, the duties of the General Partner, as general partner, to the Partnership and its limited partners may come into conflict with the duties of the General Partner to Aimco as its sole stockholder.

 

Item 6.     Selected Financial Data

 

Not applicable.


Item 7.     Management's Discussion and Analysis of Financial Condition and Results of Operations

 

This item should be read in conjunction with the financial statements and other items contained elsewhere in this report.

 

The Partnership’s financial results depend upon a number of factors including the ability to attract and maintain tenants at the investment property, interest rates on mortgage loans, costs incurred to operate the investment property, general economic conditions and weather. As part of the ongoing plan of the Partnership, the General Partner monitors the rental market environment of its investment property to assess the feasibility of increasing rents, maintaining or increasing occupancy levels and protecting the Partnership from increases in expense. As part of this plan, the General Partner attempts to protect the Partnership from the burden of inflation-related increases in expenses by increasing rents and maintaining a high overall occupancy level. However, the General Partner may use rental concessions and rental rate reductions to offset softening market conditions; accordingly, there is no guarantee that the General Partner will be able to sustain such a plan. Further, a number of factors that are outside the control of the Partnership such as the local economic climate and weather can adversely or positively affect the Partnership’s financial results.

 

Results of Operations

 

The Partnership’s net loss for the years ended December 31, 2012 and 2011 was approximately $449,000 and $595,000, respectively. The statement of operations included in Item 8. Financial Statements and Supplementary Data” for the year ended December 31, 2011 reflects a $265,000 casualty gain recognized in 2011 with respect to a 2008 casualty at Glenbridge Manor Apartments as income from discontinued operations due to its sale on September 9, 2010.

 

During 2008, Glenbridge Manor Apartments experienced significant ground movement causing damage to three buildings, water pipes and sewer lines. The total damages were approximately $7,456,000. Prior to 2011, the Partnership received approximately $5,160,000 of insurance proceeds and approximately $3,038,000 in reimbursement of attorneys’ fees from successful litigation against the general contractor, soils engineer and retaining wall contractor. During the year ended December 31, 2011, the Partnership received approximately $265,000 of additional insurance proceeds, which is included in income from discontinued operations.

 

The Partnership’s loss before discontinued operations for the years ended December 31, 2012 and 2011 was approximately $449,000 and $860,000, respectively. The decrease in loss before discontinued operations is due to an increase in total revenues, income from the merger of an affiliated partnership and the recognition of an impairment loss and equity in loss from investments in 2011, partially offset by an increase in total expenses.

 

Total revenues increased primarily due to an increase in rental income. Other income remained relatively constant for the comparable periods. The increase in rental income is primarily due to an increase in the average rental rate and occupancy at Highcrest Townhomes, partially offset by an increase in bad debt expense.

 

Total expenses increased due to increases in operating, depreciation, interest and property tax expenses. General and administrative expense remained relatively constant for the comparable periods. Operating expenses increased primarily due to increases in contract services, marketing costs, software expenses and call center costs, partially offset by decreases in personnel costs and turnover costs. Depreciation expense increased primarily due to property improvements and replacements placed into service at the property during the past twelve months. Interest expense increased primarily due to an increase in interest expense on advances from an affiliate of the General Partner as a result of a higher average outstanding advance balance in 2012. The increase in property tax expense is primarily due to an increase in the tax rate at Highcrest Townhomes.

Included in general and administrative expenses for the years ended December 31, 2012 and 2011 are reimbursements to the General Partner as allowed under the Partnership Agreement, costs associated with the quarterly and annual communications with investors and regulatory agencies and the annual audit required by the Partnership Agreement.

 

The equity in loss from investments for the year ended December 31, 2011 was due to the recognition of the Partnership’s share of the loss on its investment in an affiliated partnership.  This investment was accounted for using the equity method of accounting.  Distributions from the affiliated partnership were accounted for as a reduction of the investment balance. When the investment balance had been reduced to zero, subsequent distributions received would be recognized as income.  During the year ended December 31, 2011, the Partnership recognized equity in loss from the operating results of the investment of approximately $20,000.

 

In accordance with the Partnership’s impairment policy, the Partnership recorded an impairment loss of approximately $417,000 during the year ended December 31, 2011 to write its investment in the affiliated partnership down to zero.  During the year ended December 31, 2012, the affiliated partnership merged with affiliates of the General Partner.  As a result of the completion of the merger, the Partnership received approximately $24,000 as consideration for its special limited partnership interest, which is reflected as income from merger of affiliated partnership for the year ended December 31, 2012.

 

Liquidity and Capital Resources

 

At December 31, 2012, the Partnership had cash and cash equivalents of approximately $143,000, compared with approximately $79,000 at December 31, 2011.  Cash and cash equivalents increased approximately $64,000 due to approximately $498,000 of cash provided by operating activities, partially offset by approximately $294,000 and $140,000 of cash used in investing and financing activities, respectively. Cash used in investing activities consisted of property improvements and replacements, partially offset by merger proceeds received for the Partnership’s investment in an affiliated partnership. Cash used in financing activities consisted of principal payments made on the mortgage note payable encumbering the Partnership’s investment property, repayment of advances from AIMCO Properties, L.P., and a distribution paid to partners, partially offset by an advance received from AIMCO Properties, L.P.

 

Pursuant to the Partnership Agreement, AIMCO Properties, L.P., an affiliate of the General Partner, advanced the Partnership approximately $110,000 and $405,000 during the years ended December 31, 2012 and 2011, respectively, to fund real estate taxes and capital improvements at Highcrest Townhomes. AIMCO Properties, L.P. charges interest on advances under the terms permitted by the Partnership Agreement. The interest rates charged on the outstanding advances made to the Partnership range from the prime rate plus 2% to a variable rate based on the prime rate plus a market rate adjustment for similar type loans. Affiliates of the General Partner review the market rate adjustment quarterly. The interest rate on the outstanding advances at December 31, 2012 was 10.08%. Interest expense was approximately $27,000 and $4,000 for the years ended December 31, 2012 and 2011, respectively. During the years ended December 31, 2012 and 2011, the Partnership repaid advances and accrued interest of approximately $75,000 and $222,000, respectively, from operations and insurance proceeds. At December 31, 2012 and 2011, the amount of outstanding advances and accrued interest due to AIMCO Properties, L.P. was approximately $249,000 and $187,000, respectively, and is included in due to affiliates. The Partnership may receive additional advances of funds from AIMCO Properties, L.P., although AIMCO Properties, L.P. is not obligated to provide such advances. For more information on AIMCO Properties, L.P., including copies of its audited balance sheet, please see its reports filed with the Securities and Exchange Commission.

The sufficiency of existing liquid assets to meet future liquidity and capital expenditure requirements is directly related to the level of capital expenditures required at the property to adequately maintain the physical assets and other operating needs of the Partnership and to comply with Federal, state, and local legal and regulatory requirements. The General Partner monitors developments in the area of legal and regulatory compliance. The Partnership regularly evaluates the capital improvement needs of the property. While the Partnership has no material commitments for property improvements and replacements, certain routine capital expenditures are anticipated during 2013. Such capital expenditures will depend on the physical condition of the property as well as anticipated cash flow generated by the property. Capital expenditures will be incurred only if cash is available from operations, Partnership reserves, or advances from AIMCO Properties, L.P., although AIMCO Properties, L.P. does not have an obligation to fund such advances. To the extent that capital improvements are completed, the Partnership's distributable cash flow, if any, may be adversely affected at least in the short term.

 

The Partnership's assets are thought to be generally sufficient for any near-term needs (exclusive of capital improvements and amounts due to affiliates) of the Partnership. The mortgage indebtedness encumbering Highcrest Townhomes of approximately $10,391,000 is being amortized over 360 months and requires a balloon payment of approximately $9,414,000 in 2017. Since the Partnership’s term will expire on December 31, 2013 and the term cannot be extended, the General Partner is currently evaluating its plans with the respect to the Partnership’s investment property, which may include a sale to a third party or continuing operations past the expiration date until the property is sold.  The General Partner may attempt to refinance the indebtedness encumbering the property prior to termination of the Partnership. If the property cannot be refinanced or sold for a sufficient amount, the Partnership will risk losing the property through foreclosure.

 

In 2010, the Partnership recorded a distribution payable of approximately $29,000, which represented the estimated Ohio withholding taxes to be paid by the Partnership on behalf of certain partners in connection with the sale of Glenbridge Manor Apartments. As it was subsequently determined in 2011 that no Ohio withholding taxes were due in connection with the sale of Glenbridge Manor Apartments, the Partnership distributed this amount to those partners from which it was withheld, during 2012. There were no other distributions made to the partners during 2012 or 2011.

 

Future cash distributions will depend on the levels of cash generated from operations, and the timing of the debt maturity, property sale and/or refinancing. The Partnership's cash available for distribution is reviewed on a monthly basis. There can be no assurance, however, that the Partnership will generate sufficient funds from operations, after planned capital expenditures, to permit any distributions to its partners in 2013 or subsequent periods.

 

Critical Accounting Policies and Estimates

 

A summary of the Partnership’s significant accounting policies is included in "Note A – Organization and Summary of Significant Accounting Policies" which is included in the financial statements in "Item 8. Financial Statements and Supplementary Data”. The General Partner believes that the consistent application of these policies enables the Partnership to provide readers of the financial statements with useful and reliable information about the Partnership’s operating results and financial condition. The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires the Partnership to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities at the date of the financial statements as well as reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Judgments and assessments of uncertainties are required in applying the Partnership’s accounting policies in many areas.  The Partnership believes that of its significant accounting policies, the following may involve a higher degree of judgment and complexity.

 

Impairment of Long-Lived Assets

 

Investment property is stated at its fair market value at the time of foreclosure in 2002, less accumulated depreciation, unless the carrying amount of the asset is not recoverable. If events or circumstances indicate that the carrying amount of the property may not be recoverable, the Partnership will make an assessment of its recoverability by comparing the carrying amount to the Partnership’s estimate of the undiscounted future cash flows, excluding interest charges, of the property.   If the carrying amount exceeds the estimated aggregate undiscounted future cash flows, the Partnership would recognize an impairment loss to the extent the carrying amount exceeds the estimated fair value of the property.

 

Real property investment is subject to varying degrees of risk.  Several factors may adversely affect the economic performance and value of the Partnership’s investment property. These factors include, but are not limited to, general economic climate; competition from other apartment communities and other housing options; local conditions, such as loss of jobs or an increase in the supply of apartments that might adversely affect apartment occupancy or rental rates; changes in governmental regulations and the related cost of compliance; increases in operating costs (including real estate taxes) due to inflation and other factors, which may not be offset by increased rents; changes in tax laws and housing laws, including the enactment of rent control laws or other laws regulating multi-family housing; and changes in interest rates and the availability of financing. Any adverse changes in these and other factors could cause an impairment of the Partnership’s asset.

 

Revenue Recognition

 

The Partnership generally leases apartment units for twelve-month terms or less.  The Partnership will offer rental concessions during particularly slow months or in response to heavy competition from other similar complexes in the area.  Rental income attributable to leases, net of any concessions, is recognized on a straight-line basis over the term of the lease.  The Partnership evaluates all accounts receivable from residents and establishes an allowance, after the application of security deposits, for accounts greater than 30 days past due on current tenants and all receivables due from former tenants. 

 

Item 7A.    Quantitative and Qualitative Disclosures About Market Risk

 

Not applicable.



Report of Independent Registered Public Accounting Firm

 

 

 

The Partners

Consolidated Capital Institutional Properties/2, LP

 

 

We have audited the accompanying balance sheets of Consolidated Capital Institutional Properties/2, LP as of December 31, 2012 and 2011, and the related statements of operations, changes in partners' deficit and cash flows for each of the two years in the period ended December 31, 2012. These financial statements are the responsibility of the Partnership's management. Our responsibility is to express an opinion on these financial statements based on our audits.

 

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.  We were not engaged to perform an audit of the Partnership’s internal control over financial reporting.  Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Partnership’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

 

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Consolidated Capital Institutional Properties/2, LP at December 31, 2012 and 2011, and the results of its operations and its cash flows for each of the two years in the period ended December 31, 2012, in conformity with U.S. generally accepted accounting principles.

 

The accompanying financial statements have been prepared assuming that the Partnership will continue as a going concern. As discussed in Note A to the financial statements, the Partnership Agreement provides for the Partnership to terminate on December 31, 2013. This raises substantial doubt about the Partnership’s ability to continue as a going concern. Management’s plans in regard to these matters also are described in Note A. The 2012 financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty.

 

/s/ERNST & YOUNG LLP

 

 

 

Greenville, South Carolina

March 13, 2013


      CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES/2, LP

BALANCE SHEETS

 (in thousands)

 

 

 

 

December 31,

 

 

2012

2011

 

Assets

 

 

Cash and cash equivalents

 $    143

 $     79

Receivables and deposits

      126

      124

Other assets

       85

      123

Investment property:

 

 

Land

    3,660

    3,660

Buildings and related personal property

   10,158

    9,949

Total investment property

   13,818

   13,609

Less accumulated depreciation

   (5,053)

   (4,489)

Investment property, net

    8,765

    9,120

Total assets

 $  9,119

 $  9,446

 

 

 

Liabilities and Partners' Deficit

 

 

Liabilities

 

 

Accounts payable

 $     34

 $     52

Tenant security deposit liabilities

       63

       55

Distributions payable

      141

      170

Due to affiliates

      593

      312

Accrued property taxes

      324

      306

Other liabilities

      190

      156

Mortgage note payable

   10,391

   10,563

Total liabilities

   11,736

   11,614

 

 

 

Partners' Deficit

 

 

General partner

     (479)

     (475)

Limited partners

   (2,138)

   (1,693)

Total partners’ deficit

   (2,617)

   (2,168)

Total liabilities and partners’ deficit

 $  9,119

 $  9,446

 

 

See Accompanying Notes to the Financial Statements

 


                 CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES/2, LP

 

                              STATEMENTS OF OPERATIONS

                        (in thousands, except per unit data)

 

 

Years Ended

 

December 31,

 

2012

2011

Revenues:

 

 

Rental income

  $ 2,181

  $ 2,080

Other income

      378

      381

Total revenues

    2,559

    2,461

 

 

 

Expenses:

 

 

Operating

      978

      944

General and administrative

      341

      340

Depreciation

      656

      600

Interest

      724

      703

Property taxes

      333

      297

Total expenses

    3,032

    2,884

 

 

 

Loss before equity in loss from investment, impairment loss, income from discontinued operations and income from merger of affiliated partnership

 

 

  (473)

 

 

     (423)

Equity in loss from investment

       --

      (20)

Impairment loss on investment

       --

     (417)

Income from discontinued operations

       --

      265

Income from merger of affiliated partnership

       24

       --

Net loss

  $  (449)

  $  (595)

 

 

 

Net loss allocated to general partner (1%)

  $    (4)

  $    (6)

Net loss allocated to limited partners (Series A) (99%)

  $  (445)

  $  (589)

 

 

 

Per Series A unit:

 

 

Loss before discontinued operations

  $ (0.49)

  $ (0.94)

Income from discontinued operations

       --

     0.29

Net loss

  $ (0.49)

  $ (0.65)

 

 

 

 

See Accompanying Notes to the Financial Statements

 

 

 


                 CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES/2, LP

 

                     STATEMENTS OF CHANGES IN PARTNERS' DEFICIT

                                   (in thousands)

 

 

 

Series A

 

 

General

Unit

 

 

Partner

Holders

Total

 

 

 

 

Partners’ deficit at December 31, 2010

  $ (469)

   $(1,104)

  $(1,573)

 

 

 

 

Net loss for the year ended

 

 

 

  December 31, 2011

      (6)

      (589)

     (595)

 

 

 

 

Partners’ deficit at December 31, 2011

    (475)

    (1,693)

   (2,168)

 

 

 

 

Net loss for the year ended

 

 

 

  December 31, 2012

      (4)

      (445)

     (449)

 

 

 

 

Partners’ deficit at December 31, 2012

  $ (479)

   $(2,138)

  $(2,617)

 

See Accompanying Notes to the Financial Statements

 

 

 


                 CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES/2, LP

 

                               STATEMENTS OF CASH FLOWS

                                    (in thousands)

 

 

Years Ended December 31,

 

2012

2011

 

 

 

Cash flows from operating activities:

 

 

Net loss

 $   (449)

 $   (595)

Adjustments to reconcile net loss to net cash provided by

 

 

operating activities:

 

 

Depreciation

      656

      600

Amortization of loan costs

       40

       40

Bad debt expense

       58

       27

Casualty gain

       --

     (265)

Impairment loss

       --

      417

Income from merger of affiliated partnership

      (24)

       --

Equity in loss from investment

       --

       20

Change in accounts:

 

 

Other assets

       (2)

      (12)

Receivables and deposits

      (60)

      (29)

Accounts payable

       (1)

      (62)

Accrued property taxes

       18

        4

Due to affiliates

      220

      127

Tenant security deposit liabilities

        8

       (1)

Other liabilities

       34

       18

Net cash provided by operating activities

      498

      289

 

 

 

Cash flows from investing activities:

 

 

Proceeds from merger of affiliated partnership

       24

       --

Property improvements and replacements

     (318)

     (616)

Insurance proceeds received

       --

      265

Net cash used in investing activities

     (294)

     (351)

 

 

 

Cash flows from financing activities:

 

 

Principal payments on mortgage note payable

     (172)

     (161)

Distribution to partners

      (29)

       --

Advances from affiliate

      110

      405

Repayment of advances from affiliate

      (49)

     (220)

Net cash provided by (used in) financing activities

     (140)

       24

 

 

 

Net increase (decrease) in cash and cash equivalents

       64

      (38)

Cash and cash equivalents at beginning of the year

       79

      117

Cash and cash equivalents at end of the year

 $    143

 $     79

Supplemental disclosure of cash flow information:

 

 

Cash paid for interest

 $    673

 $    661

Supplemental disclosure of non-cash activities:

 

 

Property improvements and replacements included in

 

 

  accounts payable

 $     13

 

 $     30

 

 

See Accompanying Notes to the Financial Statements

 


                 CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES/2, LP

 

                            NOTES TO FINANCIAL STATEMENTS

 

                                  DECEMBER 31, 2012

 

 

 

 

Note A - Organization and Summary of Significant Accounting Policies

 

 

Organization

 

Consolidated Capital Institutional Properties/2, LP (the "Partnership" or "Registrant"), a California Limited Partnership, was formed on April 12, 1983. ConCap Equities, Inc., a Delaware corporation (the "General Partner" or "CEI") is the general partner of the Partnership.  The General Partner is a subsidiary of Apartment Investment and Management Company ("Aimco"), a publicly traded real estate investment trust. The Partnership Agreement provides that the Partnership is to terminate on December 31, 2013 unless terminated prior to such date. The Partnership Agreement also provides that the term of the Partnership cannot be extended beyond the termination date. The Partnership commenced operations on July 22, 1983.  The Partnership currently owns and operates one residential investment property located in Illinois.  The General Partner is currently evaluating its plans with respect to the Partnership’s investment property.

 

Going Concern

 

The Partnership Agreement provides that the Partnership is to terminate on December 31, 2013 unless terminated prior to such date. Since the Partnership’s term will expire on December 31, 2013 and the term cannot be extended, the General Partner is currently evaluating its plans with respect to the Partnership’s investment property, which may include a sale to a third party or continuing operations past the expiration date until the property is sold.  The 2012 financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty.

 

Subsequent Events

 

The Partnership’s management evaluated subsequent events through the time this Annual Report on Form 10-K was filed.

 

Basis of Presentation

 

The accompanying statement of operations for the year ended December 31, 2011 reflects the $265,000 casualty gain recognized in 2011 with respect to a 2008 casualty at Glenbridge Manor Apartments as income from discontinued operations due to its sale on September 9, 2010.

 

Use of Estimates

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

 

Cash and Cash Equivalents

 

Cash and cash equivalents include cash on hand and in banks. At certain times, the amount of cash deposited at a bank may exceed the limit on insured deposits. Cash balances included approximately $143,000 and $41,000 at December 31, 2012 and 2011, respectively, that are maintained by an affiliated management company on behalf of affiliated entities in cash concentration accounts.

 

Income Taxes

 

No provision has been made in the financial statements for Federal income taxes because, under current law, no Federal income taxes are paid directly by the Partnership.  The Unit holders are responsible for their respective shares of Partnership net income or loss. The Partnership reports certain transactions differently for tax than for financial statement purposes.

 

Partners' Deficit

 

The Partnership Agreement provides for net income and net losses for both financial and tax reporting purposes to be allocated 99% to the Limited Partners and 1% to the General Partner. "Distributable Cash from Operations", as defined in the Partnership Agreement, is to be allocated 99% to the Limited Partners and 1% to the General Partner.  Distributions of surplus funds are to be allocated 100% to the Limited Partners.

 

Abandoned Units

 

During 2012 and 2011, the number of limited partnership units (the “Units”) decreased by 156.60 and 1,198.90 Units, respectively, due to limited partners abandoning their Units. At December 31, 2012 and 2011, the Partnership had outstanding 907,143.60 and 907,300.20 Units, respectively. In abandoning his or her Units, a limited partner relinquishes all right, title and interest in the Partnership as of the date of the abandonment.

 

Net Loss Per Limited Partnership Unit

 

Net loss per Unit is computed by dividing net loss allocated to the Limited Partners by the number of Units outstanding at the beginning of the fiscal year. Per Unit information has been computed based on 907,300.20 and 908,499.1 units outstanding for 2012 and 2011, respectively.

 

Depreciation

 

Depreciation is provided by the straight-line method over the estimated lives of the investment property and related personal property.  For Federal income tax purposes, the modified accelerated cost recovery method is used for depreciation of (1) real property over 27½ years and (2) personal property additions over 5 years. 

 

Investment property

 

Investment property consists of one apartment complex and is stated at fair market value at the time of foreclosure in 2002, less accumulated depreciation, unless the carrying amount of the asset is not recoverable. The Partnership capitalizes costs incurred in connection with capital additions activities, including redevelopment and construction projects, other tangible property improvements and replacements of existing property components. Included in these capitalized costs are payroll costs associated with time spent by site employees in connection with the planning, execution and control of all capital additions activities at the property level.  The Partnership capitalizes interest, property taxes and insurance during periods in which redevelopment and construction projects are in progress. No such costs were capitalized during the years ended December 31, 2012 and 2011. Capitalized costs are depreciated over the estimated useful life of the asset. The Partnership charges to expense as incurred costs that do not relate to capital additions activities, including ordinary repairs, maintenance and resident turnover costs.

 

If events or circumstances indicate that the carrying amount of the property may not be recoverable, the Partnership will make an assessment of its recoverability by comparing the carrying amount to the Partnership’s estimate of the undiscounted future cash flows, excluding interest charges, of the property.   If the carrying amount exceeds the estimated aggregate undiscounted future cash flows, the Partnership would recognize an impairment loss to the extent the carrying amount exceeds the estimated fair value of the property.

 

Tenant Security Deposits

 

The Partnership requires security deposits from lessees for the duration of the lease and such deposits are included in receivables and deposits.  The security deposits are refunded when the tenant vacates, provided the tenant has not damaged the space and is current on rental payments.

 

Leases

 

The Partnership generally leases apartment units for twelve-month terms or less.  The Partnership will offer rental concessions during particularly slow months or in response to heavy competition from other similar complexes in the area.  Rental income attributable to leases, net of any concessions, is recognized on a straight-line basis over the term of the lease.  The Partnership evaluates all accounts receivable from residents and establishes an allowance, after the application of security deposits, for accounts greater than 30 days past due on current tenants and all receivables due from former tenants.

 

Advertising Costs

 

The Partnership expenses the costs of advertising as incurred. Advertising costs of approximately $44,000 and $33,000 for the years ended December 31, 2012 and 2011, respectively, were charged to expense as incurred and are included in operating expenses.

 

Deferred Costs

 

Loan costs of approximately $213,000 at both December 31, 2012 and 2011, less accumulated amortization of approximately $174,000 and $134,000, respectively, are included in other assets.

 

Amortization expense was approximately $40,000 for both the years ended December 31, 2012 and 2011, and is included in interest expense. Amortization expense is expected to be approximately $39,000 for 2013.

 

Leasing commissions and other direct costs incurred in connection with successful leasing efforts are deferred and amortized over the terms of the related leases.  Amortization of these costs is included in operating expenses.

 

Fair Value of Financial Instruments

 

Financial Accounting Standards Board Accounting Standards Codification Topic (“ASC”) 825, “Financial Instruments”, requires disclosure of fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate fair value. Fair value is defined as the amount at which the instruments could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. The Partnership is required to classify these fair value measurements into one of three categories, based on the nature of the inputs used in the fair value measurement. Level 1 of the hierarchy includes fair value measurements based on unadjusted quoted prices in active markets for identical assets or liabilities the Partnership can access at the measurement date.  Level 2 includes fair value measurements based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.  Level 3 includes fair value measurements based on unobservable inputs.  The classification of fair value measurements is subjective and generally accepted accounting principles require the Partnership to disclose more detailed information regarding those fair value measurements classified within the lower levels of the hierarchy.  The Partnership believes that the carrying amount of its financial instruments (except for the mortgage note payable) approximates its fair value due to the short-term maturity of these instruments. The Partnership estimates the fair value of its mortgage note payable by discounting future cash flows using a discount rate commensurate with that currently believed to be available to the Partnership for similar term, mortgage notes payable. The Partnership has classified this fair value measurement within Level 2 of the fair value hierarchy. At December 31, 2012, the fair value of the Partnership's mortgage note payable at the Partnership's incremental borrowing rate was approximately $11,593,000.

 

Segment Reporting: ASC Topic 280-10, “Segment Reporting”, established standards for the way that public business enterprises report information about operating segments in annual financial statements and requires that those enterprises report selected information about operating segments in interim financial reports. ASC Topic 280-10 also established standards for related disclosures about products and services, geographic areas, and major customers. As defined in ASC Topic 280-10, the Partnership has only one reportable segment.

 

Reclassifications

 

Certain reclassifications have been made to the 2011 balances to conform to the 2012 presentation.

 
Note B – Transactions with Affiliated Parties

 

The Partnership has no employees and depends on the General Partner and its affiliates for the management and administration of all Partnership activities.  The Partnership Agreement provides for certain payments to affiliates for services and reimbursement of certain expenses incurred by affiliates on behalf of the Partnership. 

 

Affiliates of the General Partner receive 5% of gross receipts from the Partnership’s property as compensation for providing property management services. The Partnership paid to such affiliates approximately $127,000 and $119,000 for the years ended December 31, 2012 and 2011, respectively, which are included in operating expenses.

 

An affiliate of the General Partner charged the Partnership for reimbursement of accountable administrative expenses amounting to approximately $241,000 and $259,000 for the years ended December 31, 2012 and 2011, respectively, which is included in general and administrative expenses and investment property. The portion of these reimbursements included in investment property for the yearsended December 31, 2012 and 2011 are construction management services provided by an affiliate of the General Partner of approximately $34,000 and $68,000, respectively. At December 31, 2012 and 2011, the Partnership owed approximately $344,000 and $125,000, respectively, for accountable administrative expenses, which is included in due to affiliates.

 

Pursuant to the Partnership Agreement, AIMCO Properties, L.P., an affiliate of the General Partner, advanced the Partnership approximately $110,000 and $405,000 during the years ended December 31, 2012 and 2011, respectively, to fund real estate taxes and capital improvements at Highcrest Townhomes. AIMCO Properties, L.P. charges interest on advances under the terms permitted by the Partnership Agreement. The interest rates charged on the outstanding advances made to the Partnership range from the prime rate plus 2% to a variable rate based on the prime rate plus a market rate adjustment for similar type loans. Affiliates of the General Partner review the market rate adjustment quarterly. The interest rate on the outstanding advances at December 31, 2012 was 10.08%. Interest expense was approximately $27,000 and $4,000 for the years ended December 31, 2012 and 2011, respectively. During the years ended December 31, 2012 and 2011, the Partnership repaid advances and accrued interest of approximately $75,000 and $222,000, respectively, from operations and insurance proceeds. At December 31, 2012 and 2011, the amount of outstanding advances and accrued interest due to AIMCO Properties, L.P. was approximately $249,000 and $187,000, respectively, and is included in due to affiliates. The Partnership may receive additional advances of funds from AIMCO Properties, L.P., although AIMCO Properties, L.P. is not obligated to provide such advances. For more information on AIMCO Properties, L.P., including copies of its audited balance sheet, please see its reports filed with the Securities and Exchange Commission.

 

The Partnership insures its property up to certain limits through coverage provided by Aimco which is generally self-insured for a portion of losses and liabilities related to workers’ compensation, property casualty, general liability, and vehicle liability.  The Partnership insures its property above the Aimco limits through insurance policies obtained by Aimco from insurers unaffiliated with the General Partner.  During the years ended December 31, 2012 and 2011, the Partnership was charged by Aimco and its affiliates approximately $29,000 and $25,000, respectively, for insurance coverage and fees associated with policy claims administration.

 

In addition to its indirect ownership of the general partner interest in the Partnership, Aimco and its affiliates owned 574,447.25 Units in the Partnership representing 63.32% of the outstanding Units at December 31, 2012. A number of these Units were acquired pursuant to tender offers made by Aimco or its affiliates. It is possible that Aimco or its affiliates will acquire additional Units in exchange for cash or a combination of cash and units in AIMCO Properties, L.P., the operating partnership of Aimco, either through private purchases or tender offers.  Pursuant to the Partnership Agreement, Unit holders holding a majority of the Units are entitled to take action with respect to a variety of matters that include, but are not limited to, voting on certain amendments to the Partnership Agreement and voting to remove the General Partner. As a result of its ownership of 63.32% of the outstanding Units, Aimco and its affiliates are in a position to control all such voting decisions with respect to the Partnership. Although the General Partner owes fiduciary duties to the limited partners of the Partnership, the General Partner also owes fiduciary duties to Aimco as its sole stockholder. As a result, the duties of the General Partner, as general partner, to the Partnership and its limited partners may come into conflict with the duties of the General Partner to Aimco as its sole stockholder.

 

Note C – Investment in Affiliated Partnership

 

The Partnership had an investment as a special limited partner in an affiliated partnership, Consolidated Capital Properties IV.  This investment was accounted for using the equity method of accounting. Distributions from the affiliated partnership were accounted for as a reduction of the investment balance. When the investment balance had been reduced to zero, subsequent distributions received would be recognized as income. During the year ended December 31, 2011, the Partnership recognized equity in loss from the operating results of the investment of approximately $20,000.

 

In accordance with the Partnership’s impairment policy, the Partnership recorded an impairment loss of approximately $417,000 during the year ended December 31, 2011 to write its investment in the affiliated partnership down to zero.  During the year ended December 31, 2012, the affiliated partnership merged with affiliates of the General Partner.  As a result of the completion of the merger, the Partnership received approximately $24,000 as consideration for its special limited partnership interest, which is reflected as income from merger of affiliated partnership for the year ended December 31, 2012.

 

Note D – Casualty Event

 

During 2008, Glenbridge Manor Apartments experienced significant ground movement causing damage to three buildings, water pipes and sewer lines. The total damages were approximately $7,456,000. Prior to 2011, the Partnership received approximately $5,160,000 of insurance proceeds and approximately $3,038,000 in reimbursement of attorneys’ fees from successful litigation against the general contractor, soils engineer and retaining wall contractor. During the year ended December 31, 2011, the Partnership received approximately $265,000 of additional insurance proceeds, which is included in income from discontinued operations.

 

Note E – Mortgage Note Payable

 

The principal terms of the mortgage note payable are as follows:

 

 

Principal Balance at December 31, 2012

Principal Balance at December 31, 2011

Monthly Payment Including Interest

Stated Interest Rate

Maturity Date (1)

Principal Balance Due at Maturity

 

(in thousands)

 

 

 

(in thousands)

Property

 

 

 

 

 

 

Highcrest Townhomes

$10,391

$10,563

$ 68

6.17%

10/01/17

$ 9,414

 

(1)   Maturity date of the mortgage note payable encumbering Highcrest Townhomes extends beyond the termination date of the Partnership, which is December 31, 2013.

 

The mortgage note payable is a fixed rate mortgage that is nonrecourse and is secured by a pledge of the Partnership’s investment property and by pledge of revenues from the respective investment property. The mortgage note imposes a prepayment penalty if repaid prior to maturity. Further, the property may not be sold subject to existing indebtedness.

 

While the Partnership termination date is December 31, 2013, scheduled principal payments of the mortgage note payable subsequent to December 31, 2012 are as follows (in thousands):

 

 

 

2013

$   183

2014

    194

2015

    207

2016

    220

2017

  9,587

 

$10,391

 

 

Note F – Investment Property and Accumulated Depreciation

 

 

 

 

Initial Cost

 

 

 

To Partnership

 

 

 

(in thousands)

 

 

 

 

Buildings

Net Cost

 

 

 

and Related

Capitalized

 

 

 

Personal

Subsequent to

Description

Encumbrances

Land

Property

Acquisition

 

 

 

 

 

Highcrest Townhomes

$10,391

$ 3,660

$ 8,540

$ 1,618

 

 

 

Gross Amount At Which Carried

 

 

 

 

 

At December 31, 2012

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Buildings

 

 

 

 

 

 

 

And Related

 

 

 

 

 

 

 

Personal

 

Accumulated

Date of

Date

Depreciable

  Description

Land

Properties

Total

Depreciation

Construction

Acquired

Life

 

 

 

 

 

 

 

 

  Highcrest         Townhomes

 

$ 3,660

 

$10,158

 

$13,818

 

$ 5,053

 

1968

 

08/22/02

 

5-30 yrs

 

Reconciliation of "Investment Property and Accumulated Depreciation":

 

 

 

Years Ended December 31,

 

2012

2011

 

(in thousands)

Investment Properties

 

 

Balance at beginning of year

$ 13,609

$ 14,027

Property improvements

     301

     632

Retirement of assets

      (92)

   (1,050)

Balance at end of year

$ 13,818

$ 13,609

 

 

 

Accumulated Depreciation

 

 

Balance at beginning of year

$  4,489

$  4,939

Additions charged to expense

     656

     600

Retirement of assets

      (92)

   (1,050)

Balance at end of year

$  5,053

$  4,489

 

During the years ended December 31, 2012 and 2011, the Partnership retired and wrote-off personal property no longer being used that had a cost basis of approximately $92,000 and $1,050,000, respectively, and accumulated depreciation of approximately $92,000 and $1,050,000, respectively.

 

The aggregate cost of the investment property for Federal income tax purposes at December 31, 2012 and 2011 is approximately $14,952,000 and $14,660,000, respectively. The accumulated depreciation taken for Federal income tax purposes at December 31, 2012 and 2011 is approximately $5,415,000 and $4,794,000, respectively.

 

Note G - Income Taxes

 

The Partnership is classified as a partnership for Federal income tax purposes.  Accordingly, no provision for income taxes is made in the financial statements of the Partnership. Taxable income or loss of the Partnership is reported in the income tax returns of its partners.

 

The following is a reconciliation of reported net loss and Federal taxable (loss) income for the years ended December 31, 2012 and 2011 (in thousands, except per unit data):

 

 

2012

 2011

 

 

 

Net loss as reported

  $    (449)

  $    (595)

Add (deduct):

 

 

Loss on merger of affiliated partnership

     (2,771)

         --

  Depreciation differences

         35

         51

  Change in prepaid rental

         (3)

          8

  Other

         66

        365

 

 

 

Federal taxable loss

  $  (3,122)

  $    (171)

 

 

 

Federal taxable loss per Series A unit holder

  $   (3.41)

  $   (0.19)

 

The following is a reconciliation between the Partnership's reported amounts and Federal tax basis of net assets and liabilities (in thousands):

 

 

 

2012

2011

Net liabilities as reported

    $ (2,617)

    $ (2,168)

Building and land

       1,134

       1,051

  Accumulated depreciation

        (362)

        (305)

  Syndication fees

      25,796

      25,796

  Other

         460

       3,158

Net assets - tax basis

    $ 24,411

    $ 27,532

 

 

Note H – Distributions

 

In 2010, the Partnership recorded a distribution payable of approximately $29,000, which represented the estimated Ohio withholding taxes to be paid by the Partnership on behalf of certain partners in connection with the sale of Glenbridge Manor Apartments. As it was subsequently determined in 2011 that no Ohio withholding taxes were due in connection with the sale of Glenbridge Manor Apartments, the Partnership distributed this amount to those partners from which it was withheld during 2012.

 

Note I – Contingencies

 

The Partnership is unaware of any pending or outstanding litigation matters involving it or its investment property that are not of a routine nature arising in the ordinary course of business.

 

Various Federal, state and local laws subject property owners or operators to liability for management, and the costs of removal or remediation, of certain potentially hazardous materials present on a property, including lead-based paint, asbestos, polychlorinated biphenyls, petroleum-based fuels, and other miscellaneous materials. Such laws often impose liability without regard to whether the owner or operator knew of, or was responsible for, the release or presence of such materials. The presence of, or the failure to manage or remedy properly, these materials may adversely affect occupancy at affected apartment communities and the ability to sell or finance affected properties. In addition to the costs associated with investigation and remediation actions brought by government agencies, and potential fines or penalties imposed by such agencies in connection therewith, the improper management of these materials on a property could result in claims by private plaintiffs for personal injury, disease, disability or other infirmities. Various laws also impose liability for the cost of removal, remediation or disposal of these materials through a licensed disposal or treatment facility. Anyone who arranges for the disposal or treatment of these materials is potentially liable under such laws for the proper operation of the disposal facility. These laws often impose liability whether or not the person arranging for the disposal ever owned or operated the disposal facility. In connection with the ownership, operation and management of its property, the Partnership could potentially be responsible for environmental liabilities or costs associated with its property.

 

Item 9.     Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

 

None.

 

Item 9A.    Controls and Procedures

 

(a)     Disclosure Controls and Procedures

 

The Partnership’s management, with the participation of the principal executive officer and principal financial officer of the General Partner, who are the equivalent of the Partnership’s principal executive officer and principal financial officer, respectively, has evaluated the effectiveness of the Partnership’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of the end of the period covered by this report. Based on such evaluation, the principal executive officer and principal financial officer of the General Partner, who are the equivalent of the Partnership’s principal executive officer and principal financial officer, respectively, have concluded that, as of the end of such period, the Partnership’s disclosure controls and procedures are effective. 

 

Management’s Report on Internal Control Over Financial Reporting

 

The Partnership’s management is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting is defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act as a process designed by, or under the supervision of, the principal executive and principal financial officers of the General Partner, who are the equivalent of the Partnership’s principal executive officer and principal financial officer, respectively, and effected by the Partnership’s management and other personnel 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 and includes those policies and procedures that:

 

·        pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of assets;

 

·        provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures are being made only in accordance with authorizations of the Partnership’s management; and

 

·        provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of assets that could have a material effect on the financial statements.

 

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Projections of any evaluation of effectiveness to future periods are subject to the risks that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

 

The Partnership’s management assessed the effectiveness of the Partnership’s internal control over financial reporting as of December 31, 2012.  In making this assessment, the Partnership’s management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control-Integrated Framework.

 

Based on their assessment, the Partnership’s management concluded that, as of December 31, 2012, the Partnership’s internal control over financial reporting is effective.

 

This annual report does not include an attestation report of the Partnership’s registered public accounting firm regarding internal control over financial reporting.  Management’s report was not subject to attestation by the Partnership’s registered public accounting firm pursuant to rules of the Securities and Exchange Commission that permit the Partnership to provide only management’s report in this annual report.

 

(b)     Changes in Internal Control Over Financial Reporting.

 

There has been no change in the Partnership’s internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the fourth quarter of 2012 that has materially affected, or is reasonably likely to materially affect, the Partnership’s internal control over financial reporting.

 

Item 9B.    Other Information

 

None.


 PART III

 

Item 10.    Directors, Executive Officers and Corporate Governance

 

The Registrant has no directors or officers. The General Partner is ConCap Equities, Inc. (“CEI”). The names and ages of, as well as the position and offices held by the present directors and officers of the General Partner are set forth below. There are no family relationships between or among any directors or officers.

 

Name

Age

Position

 

 

 

Steven D. Cordes

41

Director and Senior Vice President

John Bezzant

50

Director and Executive Vice President

Ernest M. Freedman

42

Executive Vice President and Chief Financial Officer

Lisa R. Cohn

44

Executive Vice President, General Counsel and Secretary

Paul Beldin

39

Senior Vice President and Chief Accounting Officer

Stephen B. Waters

51

Senior Director of Partnership Accounting

 

Steven D. Cordes was appointed as a Director of the General Partner effective March 2, 2009.  Mr. Cordes has been a Senior Vice President of the General Partner and Aimco since May 2007.  Mr. Cordes joined Aimco in 2001 as a Vice President of Capital Markets with responsibility for Aimco’s joint ventures and equity capital markets activity.  Prior to joining Aimco, Mr. Cordes was a manager in the financial consulting practice of PricewaterhouseCoopers.  Effective March 2009, Mr. Cordes was appointed to serve as the equivalent of the chief executive officer of the Partnership.  Mr. Cordes brings particular expertise to the Board in the areas of asset management as well as finance and accounting.

 

John Bezzant was appointed as a Director of the General Partner effective December 16, 2009.  Mr. Bezzant was appointed Executive Vice President of the General Partner and Aimco in January 2011 and prior to that time was a Senior Vice President of the General Partner and Aimco since joining Aimco in June 2006.  Prior to joining Aimco, Mr. Bezzant spent over 20 years with Prologis, Inc. and Catellus Development Corporation in a variety of executive positions, including those with responsibility for transactions, fund management, asset management, leasing and operations.  Mr. Bezzant brings particular expertise to the Board in the areas of real estate finance, property operations, sales and development.

 

Ernest M. Freedman was appointed Executive Vice President and Chief Financial Officer of the General Partner and Aimco in November 2009.   Mr. Freedman joined Aimco in 2007 as Senior Vice President of Financial Planning and Analysis and has served as Senior Vice President of Finance since February 2009, responsible for financial planning, tax, accounting and related areas.  Prior to joining Aimco, from 2004 to 2007, Mr. Freedman served as chief financial officer of HEI Hotels and Resorts.

 

Lisa R. Cohn was appointed Executive Vice President, General Counsel and Secretary of the General Partner and Aimco in December 2007.  From January 2004 to December 2007, Ms. Cohn served as Senior Vice President and Assistant General Counsel of Aimco.  Ms. Cohn joined Aimco in July 2002 as Vice President and Assistant General Counsel.  Prior to joining Aimco, Ms. Cohn was in private practice with the law firm of Hogan and Hartson LLP.

 

Paul Beldin joined Aimco in May 2008 and has served as Senior Vice President and Chief Accounting Officer of Aimco and the General Partner since that time.  Prior to joining Aimco, Mr. Beldin served as controller and then as chief financial officer of America First Apartment Investors, Inc., a publicly traded multifamily real estate investment trust, from May 2005 to September 2007 when the company was acquired by Sentinel Real Estate Corporation.  Prior to joining America First Apartment Investors, Inc., Mr. Beldin was a senior manager at Deloitte and Touche LLP, where he was employed from August 1996 to May 2005, including two years as an audit manager in SEC services at Deloitte’s national office.

 

Stephen B. Waters was appointed Senior Director of Partnership Accounting of Aimco and the General Partner in June 2009.  Mr. Waters has responsibility for partnership accounting with Aimco and serves as the equivalent of the chief financial officer of the Partnership.  Mr. Waters joined Aimco as a Director of Real Estate Accounting in September 1999 and was appointed Vice President of the General Partner and Aimco in April 2004.  Prior to joining Aimco, Mr. Waters was a senior manager at Ernst & Young LLP.

 

The Registrant is not aware of the involvement in any legal proceedings with respect to the directors and executive officers listed in this Item 10.

 

One or more of the above persons are also directors and/or officers of a general partner (or general partner of a general partner) of limited partnerships which either have a class of securities registered pursuant to Section 12(g) of the Securities Exchange Act of 1934, or are subject to the reporting requirements of Section 15(d) of such Act. Further, one or more of the above persons are also officers of Apartment Investment and Management Company and the general partner of AIMCO Properties, L.P., entities that have a class of securities registered pursuant to Section 12(g) of the Securities Exchange Act of 1934, or are subject to the reporting requirements of Section 15 (d) of such Act.

 

The board of directors of the General Partner does not have a separate audit committee. As such, the board of directors of the General Partner fulfills the functions of an audit committee. The board of directors has determined that Steven D. Cordes meets the requirement of an "audit committee financial expert".

 

The directors and officers of the General Partner with authority over the Partnership are all employees of subsidiaries of Aimco. Aimco has adopted a code of ethics that applies to such directors and officers that is posted on Aimco's website (www.Aimco.com). Aimco's website is not incorporated by reference to this filing.

 

Item 11.    Executive Compensation

 

None of the directors and officers of the General Partner received any remuneration from the Partnership during the year ended December 31, 2012.

 


Item 12.    Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

 

Except as noted below, no person was known by the Partnership to be the beneficial owner of more than 5% of the Limited Partnership Units (the “Units”) of the Partnership as of December 31, 2012:

 

Entity

Number of Units

Percentage

Reedy River Properties

 

 

  (an affiliate of Aimco)

 168,736.50

18.60%

AIMCO IPLP, L.P.

 

 

  (an affiliate of Aimco)

  17,240.60

 1.90%

AIMCO Properties, L.P.

 

 

  (an affiliate of Aimco)

 320,951.45

35.38%

Cooper River Properties, LLC

 

 

  (an affiliate of Aimco)

  67,518.70

 7.44%

 

Reedy River Properties, AIMCO IPLP, L.P. and Cooper River Properties, LLC are indirectly ultimately owned by Aimco. Their business address is 80 International Drive, Greenville, SC 29601.

 

AIMCO Properties, L.P. is indirectly ultimately controlled by Aimco. Its business address is 4582 S. Ulster St. Parkway, Suite 1100, Denver, Colorado 80237.

 

No directors or officers of the General Partner owns any Units of the Partnership of record or beneficially.

 

Item 13.    Certain Relationships and Related Transactions, and Director Independence

 

The Partnership has no employees and depends on the General Partner and its affiliates for the management and administration of all Partnership activities.  The Partnership Agreement provides for certain payments to affiliates for services and reimbursement of certain expenses incurred by affiliates on behalf of the Partnership.

 

Affiliates of the General Partner receive 5% of gross receipts from the Partnership's property as compensation for providing property management services. The Partnership paid to such affiliates approximately $127,000 and $119,000, for the years ended December 31, 2012 and 2011, respectively, which are included in operating expenses on the statements of operations included in “Item 8. Financial Statements and Supplementary Data”.

 

An affiliate of the General Partner charged the Partnership for reimbursement of accountable administrative expenses amounting to approximately $241,000 and $259,000 for the years ended December 31, 2012 and 2011, respectively, which is included in general and administrative expenses and investment property on the financial statements included in “Item 8. Financial Statements and Supplementary Data”. The portion of these reimbursements included in investment property for the years ended December 31, 2012 and 2011 are construction management services provided by an affiliate of the General Partner of approximately $34,000 and $68,000, respectively. At December 31, 2012 and 2011, the Partnership owed approximately $344,000 and $125,000, respectively, for accountable administrative expenses, which is included in due to affiliates on the balance sheets included in “Item 8. Financial Statements and Supplementary Data”.

 

Pursuant to the Partnership Agreement, AIMCO Properties, L.P., an affiliate of the General Partner, advanced the Partnership approximately $110,000 and $405,000 during the years ended December 31, 2012 and 2011, respectively, to fund real estate taxes and capital improvements at Highcrest Townhomes. AIMCO Properties, L.P. charges interest on advances under the terms permitted by the Partnership Agreement. The interest rates charged on the outstanding advances made to the Partnership range from the prime rate plus 2% to a variable rate based on the prime rate plus a market rate adjustment for similar type loans. Affiliates of the General Partner review the market rate adjustment quarterly. The interest rate on the outstanding advances at December 31, 2012 was 10.08%. Interest expense was approximately $27,000 and $4,000 for the years ended December 31, 2012 and 2011, respectively. During the years ended December 31, 2012 and 2011, the Partnership repaid advances and accrued interest of approximately $75,000 and $222,000, respectively, from operations and insurance proceeds. At December 31, 2012 and 2011, the amount of outstanding advances and accrued interest due to AIMCO Properties, L.P. was approximately $249,000 and $187,000, respectively, and is included in due to affiliates. The Partnership may receive additional advances of funds from AIMCO Properties, L.P., although AIMCO Properties, L.P. is not obligated to provide such advances. For more information on AIMCO Properties, L.P., including copies of its audited balance sheet, please see its reports filed with the Securities and Exchange Commission.

The Partnership insures its property up to certain limits through coverage provided by Aimco which is generally self-insured for a portion of losses and liabilities related to workers’ compensation, property casualty, general liability and vehicle liability. The Partnership insures its property above the Aimco limits through insurance policies obtained by Aimco from insurers unaffiliated with the General Partner. During the years ended December 31, 2012 and 2011, the Partnership was charged by Aimco and its affiliates approximately $29,000 and $25,000, respectively, for insurance coverage and fees associated with policy claims administration.

 

In addition to its indirect ownership of the general partner interest in the Partnership, Aimco and its affiliates owned 574,447.25 Units in the Partnership representing 63.32% of the outstanding Units at December 31, 2012. A number of these Units were acquired pursuant to tender offers made by Aimco or its affiliates. It is possible that Aimco or its affiliates will acquire additional Units in exchange for cash or a combination of cash and units in AIMCO Properties, L.P., the operating partnership of Aimco, either through private purchases or tender offers.  Pursuant to the Partnership Agreement, unitholders holding a majority of the Units are entitled to take action with respect to a variety of matters that include, but are not limited to, voting on certain amendments to the Partnership Agreement and voting to remove the General Partner. As a result of its ownership of 63.32% of the outstanding Units, Aimco and its affiliates are in a position to control all such voting decisions with respect to the Partnership. Although the General Partner owes fiduciary duties to the limited partners of the Partnership, the General Partner also owes fiduciary duties to Aimco as its sole stockholder. As a result, the duties of the General Partner, as general partner, to the Partnership and its limited partners may come into conflict with the duties of the General Partner to Aimco as its sole stockholder.

 

Neither of the General Partner's directors is independent under the independence standards established for New York Stock Exchange listed companies as both directors are employed by the parent of the General Partner.

 

Item 14.    Principal Accounting Fees and Services

 

The General Partner has reappointed Ernst & Young LLP as independent auditors to audit the financial statements of the Partnership for 2013. The aggregate fees billed for services rendered by Ernst & Young LLP for 2012 and 2011 are described below.

 

Audit Fees.  Fees for audit services totaled approximately $43,000 and $40,000 for 2012 and 2011, respectively.  Fees for audit services also include fees for the reviews of the Partnership’s Quarterly Reports on Form 10-Q.

 

Tax Fees.  Fees for tax services totaled approximately $8,000 and $9,000 for 2012 and 2011, respectively.


PART IV

 

Item 15.    Exhibits, Financial Statement Schedules

 

(a)   The following financial statements of the Registrant are included in Item 8:

 

Balance Sheets at December 31, 2012 and 2011.

 

Statements of Operations for the years ended December 31, 2012 and 2011.

 

Statements of Changes in Partners' Deficit for the years ended December 31, 2012 and 2011.

 

Statements of Cash Flows for the years ended December 31, 2012 and 2011.

 

Notes to Financial Statements.

 

Schedules are omitted for the reason that they are inapplicable or equivalent information has been included elsewhere herein.

 

b)    Exhibits:

 

See Exhibit Index.

 

The agreements included as exhibits to this Form 10-K contain representations and warranties by each of the parties to the applicable agreement. These representations and warranties have been made solely for the benefit of the other parties to the applicable agreement and:

 

  • should not in all instances be treated as categorical statements of fact, but rather as a way of allocating the risk to one of the parties if those statements prove to be inaccurate;

 

  • have been qualified by disclosures that were made to the other party in connection with the negotiation of the applicable agreement, which disclosures are not necessarily reflected in the agreement;

 

  • may apply standards of materiality in a way that is different from what may be viewed as material to an investor; and

 

  • were made only as of the date of the applicable agreement or such other date or dates as may be specified in the agreement and are subject to more recent developments.

 

Accordingly, these representations and warranties may not describe the actual state of affairs as of the date they were made or at any other time. The Partnership acknowledges that, notwithstanding the inclusion of the foregoing cautionary statements, it is responsible for considering whether additional specific disclosures of material information regarding material contractual provisions are required to make the statements in this Form 10-K not misleading. Additional information about the Partnership may be found elsewhere in this Form 10-K and the Partnership’s other public filings, which are available without charge through the SEC’s website at http://www.sec.gov.


SIGNATURES

 

 

 

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES/2, LP

 

 

 

By:   ConCap Equities, Inc.

 

      General Partner

 

 

 

By:   /s/Steven D. Cordes

 

      Steven D. Cordes

 

      Senior Vice President

 

 

 

By:   /s/Stephen B. Waters

 

      Stephen B. Waters

 

      Senior Director of Partnership Accounting

 

 

 

Date: March 13, 2013

 

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and the in the capacities and on the dates indicated.

 

/s/John Bezzant

Director and Executive

Date: March 13, 2013

John Bezzant

Vice President

 

 

 

 

/s/Steven D. Cordes

Director and Senior

Date: March 13, 2013

Steven D. Cordes

Vice President

 

 

 

 

/s/Stephen B. Waters

Senior Director of Partnership

Date: March 13, 2013

Stephen B. Waters

Accounting

 


CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES/2, LP

 

EXHIBIT INDEX

 

 

Exhibit           Description of Exhibit

 

3.1           Certificates of Limited Partnership, as amended to date.

 

3.2           Fourth Amendment to the amended and restated limited partnership agreement of CCIP/2 dated January 8, 2002 (Incorporated by reference to the Registrant’s Annual Report on Form 10-KSB for the year ended December 31, 2004).

 

3.3           Fifth Amendment to the amended and restated limited partnership agreement of Consolidated Capital Institutional Properties/2, LP, dated March 19, 2008. Incorporated by reference to the Registrant's Current Report on Form 8-K dated April 30, 2008.

 

3.4           Sixth Amendment to the amended and restated limited partnership agreement of Consolidated Capital Institutional Properties/2, LP, dated April 30, 2008. Incorporated by reference to the Registrant's Current Report on Form 8-K dated April 30, 2008.

 

3.5           Seventh Amendment to the amended and restated limited partnership agreement of Consolidated Capital Institutional Properties/2, LP, dated May 8, 2008, incorporated by reference to the Registrant’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2009.

 

3.6           Eighth Amendment to the amended and restated limited partnership agreement of Consolidated Capital Institutional Properties/2, LP, dated December 30, 2008. (Incorporated by reference to the Registrant’s Annual Report on Form 10K for the year ended December 31, 2008).

 

10.33         Assignment of Partnership Rights and Distributions between Consolidated Capital Equity Partners/Two, L.P., a California limited partnership and 
 Consolidated Capital Institutional Properties/2, a California limited partnership (Incorporated by reference to the Registrant's Current 
 Report on Form 8-K dated August 22, 2002).
 
10.34         Agreement for Conveyance of Real Property, including exhibits thereto, between Consolidated Capital Equity Partners/Two, L.P., a California 
 limited partnership and Consolidated Capital Institutional Properties/2, a California limited partnership (Incorporated by reference to the 
 Registrant's Current Report on Form 8-K dated August 22, 2002).

 

10.37         Multifamily Note, dated September 28, 2007 between CCIP/2 Highcrest L.L.C., a Delaware limited liability company, and Capmark Bank, a Utah industrial bank. (Incorporated by reference to the Registrant’s Current Report on Form 8-K dated September 28, 2007).

 

10.38         Multifamily Mortgage, Assignment of Rents and Security Agreement, dated September 28, 2007 between CCIP/2 Highcrest, L.L.C., a Delaware limited liability company, and Capmark Bank, a Utah industrial bank. (Incorporated by reference to the Registrant’s Current Report on Form 8-K dated September 28, 2007).

 

31.1          Certification of equivalent of Chief Executive Officer pursuant to Securities Exchange Act Rules 13a-14(a)/15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 

31.2          Certification of equivalent of Chief Financial Officer pursuant to Securities Exchange Act Rules 13a-14(a)/15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

 

32.1          Certification of the equivalent of the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

 

101           XBRL (Extensible Business Reporting Language). The following materials from Consolidated Capital Institutional Properties/2, LP’s Annual Report on Form 10-K for the fiscal year ended December 31, 2012, formatted in XBRL: (i) balance sheets, (ii) statements of operations, (iii) statements of changes in partners’ deficit, (iv) statements of cash flows, and (v) notes to financial statements (1).

 

(1)           As provided in Rule 406T of Regulation S-T, this information is furnished and not filed for purposes of Sections 11 and 12 of the Securities Act of 1933 and Section 18 of the Securities Exchange Act of 1934.

 


 

EX-101.INS 2 ccip2-20121231.xml XBRL INSTANCE DOCUMENT 10-K 2012-12-31 false CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES 2 0000719184 --12-31 Smaller Reporting Company Yes No No 2012 FY 126000 124000 85000 123000 3660000 3660000 10158000 9949000 13818000 13609000 -5053000 -4489000 8765000 9120000 9119000 9446000 34000 52000 63000 55000 141000 170000 593000 312000 324000 306000 190000 156000 10391000 10563000 11736000 11614000 -479000 -475000 -2138000 -1693000 -2617000 -2168000 9119000 9446000 2181000 2080000 378000 381000 2559000 2461000 978000 944000 341000 340000 724000 703000 333000 297000 3032000 2884000 -473000 -423000 0000 -20000 0000 -417000 0000 265000 24000 0000 -4000 -6000 -445000 -589000 -0.49 -0.94 0.00 0.29 -0.49 -0.65 40000 40000 58000 27000 0000 -265000 0000 417000 -24000 0000 0000 20000 -2000 -12000 -60000 -29000 -1000 -62000 18000 4000 220000 127000 8000 -1000 34000 18000 498000 289000 24000 0000 -318000 -616000 0000 265000 -294000 -351000 -172000 -161000 -29000 0000 110000 405000 -49000 -220000 -140000 24000 64000 -38000 117000 143000 79000 673000 661000 13000 30000 -469000 -1104000 -1573000 -6000 -589000 -595000 -475000 -1693000 -2168000 -4000 -445000 -449000 -479000 -2138000 -2617000 <!--egx--><p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><b><u>Note A - Organization and Summary of Significant Accounting Policies</u></b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Organization </u></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Consolidated Capital Institutional Properties/2, LP (the &quot;Partnership&quot; or &quot;Registrant&quot;), a California Limited Partnership, was formed on April 12, 1983. ConCap Equities, Inc., a Delaware corporation (the &quot;General Partner&quot; or &quot;CEI&quot;) is the general partner of the Partnership.&#160; The General Partner is a subsidiary of Apartment Investment and Management Company (&quot;Aimco&quot;), a publicly traded real estate investment trust. The Partnership Agreement provides that the Partnership is to terminate on December 31, 2013 unless terminated prior to such date. The Partnership Agreement also provides that the term of the Partnership cannot be extended beyond the termination date. The Partnership commenced operations on July 22, 1983.&#160; The Partnership currently owns and operates one residential investment property located in Illinois.&#160; The General Partner is currently evaluating its plans with respect to the Partnership&#146;s investment property. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Going Concern </u></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The Partnership Agreement provides that the Partnership is to terminate on December 31, 2013 unless terminated prior to such date. Since the Partnership&#146;s term will expire on December 31, 2013 and the term cannot be extended, the General Partner is currently evaluating its plans with respect to the Partnership&#146;s investment property, which may include a sale to a third party or continuing operations past the expiration date until the property is sold.&#160; The 2012 financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty.</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'><u>Subsequent Events </u></p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The Partnership&#146;s management evaluated subsequent events through the time this Annual Report on Form 10-K was filed. </p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Basis of Presentation </u></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The accompanying statement of operations for the year ended December 31, 2011 reflects the $265,000 casualty gain recognized in 2011 with respect to a 2008 casualty at Glenbridge Manor Apartments as income from discontinued operations due to its sale on September 9, 2010.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Use of Estimates </u></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Cash and Cash Equivalents </u></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Cash and cash equivalents include cash on hand and in banks. At certain times, the amount of cash deposited at a bank may exceed the limit on insured deposits. Cash balances included approximately $143,000 and $41,000 at December 31, 2012 and 2011, respectively, that are maintained by an affiliated management company on behalf of affiliated entities in cash concentration accounts.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Income Taxes </u></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>No provision has been made in the financial statements for Federal income taxes because, under current law, no Federal income taxes are paid directly by the Partnership.&#160; The Unit holders are responsible for their respective shares of Partnership net income or loss. The Partnership reports certain transactions differently for tax than for financial statement purposes. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Partners' Deficit </u></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The Partnership Agreement provides for net income and net losses for both financial and tax reporting purposes to be allocated 99% to the Limited Partners and 1% to the General Partner. &quot;Distributable Cash from Operations&quot;, as defined in the Partnership Agreement, is to be allocated 99% to the Limited Partners and 1% to the General Partner.&#160; Distributions of surplus funds are to be allocated 100% to the Limited Partners. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Abandoned Units</u> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>During 2012 and 2011, the number of limited partnership units (the &#147;Units&#148;) decreased by 156.60 and 1,198.90 Units, respectively, due to limited partners abandoning their Units. At December 31, 2012 and 2011, the Partnership had outstanding 907,143.60 and 907,300.20 Units, respectively. In abandoning his or her Units, a limited partner relinquishes all right, title and interest in the Partnership as of the date of the abandonment.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Net Loss Per Limited Partnership Unit </u></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Net loss per Unit is computed by dividing net loss allocated to the Limited Partners by the number of Units outstanding at the beginning of the fiscal year. Per Unit information has been computed based on 907,300.20 and 908,499.1 units outstanding for 2012 and 2011, respectively. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Depreciation </u></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Depreciation is provided by the straight-line method over the estimated lives of the investment property and related personal property.&#160; For Federal income tax purposes, the modified accelerated cost recovery method is used for depreciation of (1) real property over 27&#189; years and (2) personal property additions over 5 years.&#160; </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Investment property </u></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Investment property consists of one apartment complex and is stated at fair market value at the time of foreclosure in 2002, less accumulated depreciation, unless the carrying amount of the asset is not recoverable. The Partnership capitalizes costs incurred in connection with capital additions activities, including redevelopment and construction projects, other tangible property improvements and replacements of existing property components. Included in these capitalized costs are payroll costs associated with time spent by site employees in connection with the planning, execution and control of all capital additions activities at the property level.&#160; The Partnership capitalizes interest, property taxes and insurance during periods in which redevelopment and construction projects are in progress. No such costs were capitalized during the years ended December 31, 2012 and 2011. Capitalized costs are depreciated over the estimated useful life of the asset. The Partnership charges to expense as incurred costs that do not relate to capital additions activities, including ordinary repairs, maintenance and resident turnover costs. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>If events or circumstances indicate that the carrying amount of the property may not be recoverable, the Partnership will make an assessment of its recoverability by comparing the carrying amount to the Partnership&#146;s estimate of the undiscounted future cash flows, excluding interest charges, of the property.&#160;&#160; If the carrying amount exceeds the estimated aggregate undiscounted future cash flows, the Partnership would recognize an impairment loss to the extent the carrying amount exceeds the estimated fair value of the property. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Tenant Security Deposits</u> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The Partnership requires security deposits from lessees for the duration of the lease and such deposits are included in receivables and deposits.&#160; The security deposits are refunded when the tenant vacates, provided the tenant has not damaged the space and is current on rental payments. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Leases </u></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The Partnership generally leases apartment units for twelve-month terms or less.&#160; The Partnership will offer rental concessions during particularly slow months or in response to heavy competition from other similar complexes in the area.&#160; Rental income attributable to leases, net of any concessions, is recognized on a straight-line basis over the term of the lease.&#160; The Partnership evaluates all accounts receivable from residents and establishes an allowance, after the application of security deposits, for accounts greater than 30 days past due on current tenants and all receivables due from former tenants. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Advertising Costs</u> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The Partnership expenses the costs of advertising as incurred. Advertising costs of approximately $44,000 and $33,000 for the years ended December 31, 2012 and 2011, respectively, were charged to expense as incurred and are included in operating expenses. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Deferred Costs</u> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Loan costs of approximately $213,000 at both December 31, 2012 and 2011, less accumulated amortization of approximately $174,000 and $134,000, respectively, are included in other assets. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Amortization expense was approximately $40,000 for both the years ended December 31, 2012 and 2011, and is included in interest expense. Amortization expense is expected to be approximately $39,000 for 2013. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Leasing commissions and other direct costs incurred in connection with successful leasing efforts are deferred and amortized over the terms of the related leases.&#160; Amortization of these costs is included in operating expenses. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Fair Value of Financial Instruments </u></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Financial Accounting Standards Board Accounting Standards Codification Topic (&#147;ASC&#148;) 825, &#147;Financial Instruments&#148;, requires disclosure of fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate fair value. Fair value is defined as the amount at which the instruments could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. The Partnership is required to classify these fair value measurements into one of three categories, based on the nature of the inputs used in the fair value measurement. Level 1 of the hierarchy includes fair value measurements based on unadjusted quoted prices in active markets for identical assets or liabilities the Partnership can access at the measurement date.&#160; Level 2 includes fair value measurements based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.&#160; Level 3 includes fair value measurements based on unobservable inputs.&#160; The classification of fair value measurements is subjective and generally accepted accounting principles require the Partnership to disclose more detailed information regarding those fair value measurements classified within the lower levels of the hierarchy. &#160;The Partnership believes that the carrying amount of its financial instruments (except for the mortgage note payable) approximates its fair value due to the short-term maturity of these instruments. The Partnership estimates the fair value of its mortgage note payable by discounting future cash flows using a discount rate commensurate with that currently believed to be available to the Partnership for similar term, mortgage notes payable. The Partnership has classified this fair value measurement within Level 2 of the fair value hierarchy.&nbsp;At December 31, 2012, the fair value of the Partnership's mortgage note payable at the Partnership's incremental borrowing rate was approximately $11,593,000. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Segment Reporting</u>: ASC Topic 280-10, &#147;Segment Reporting&#148;, established standards for the way that public business enterprises report information about operating segments in annual financial statements and requires that those enterprises report selected information about operating segments in interim financial reports. ASC Topic 280-10 also established standards for related disclosures about products and services, geographic areas, and major customers. As defined in ASC Topic 280-10, the Partnership has only one reportable segment.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:left'><u>Reclassifications</u></p> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:left'>&nbsp;</p> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:left'>Certain reclassifications have been made to the 2011 balances to conform to the 2012 presentation. </p> <!--egx--><p style='text-align:justify'>Note B &#150; Transactions with Affiliated Parties<font style='font-weight:normal;text-decoration:none;text-underline:none'> </font></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The Partnership has no employees and depends on the General Partner and its affiliates for the management and administration of all Partnership activities.&#160; The Partnership Agreement provides for certain payments to affiliates for services and reimbursement of certain expenses incurred by affiliates on behalf of the Partnership.&#160; </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Affiliates of the General Partner receive 5% of gross receipts from the Partnership&#146;s property as compensation for providing property management services. The Partnership paid to such affiliates approximately $127,000 and $119,000 for the years ended December 31, 2012 and 2011, respectively, which are included in operating expenses.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>An affiliate of the General Partner charged the Partnership for reimbursement of accountable administrative expenses amounting to approximately $241,000 and $259,000 for the years ended December 31, 2012 and 2011, respectively, which is included in general and administrative expenses and investment property. The portion of these reimbursements included in investment property for the years ended December 31, 2012 and 2011 are construction management services provided by an affiliate of the General Partner of approximately $34,000 and $68,000, respectively. At December 31, 2012 and 2011, the Partnership owed approximately $344,000 and $125,000, respectively, for accountable administrative expenses, which is included in due to affiliates.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Pursuant to the Partnership Agreement, AIMCO Properties, L.P., an affiliate of the General Partner, advanced the Partnership approximately $110,000 and $405,000 during the years ended December 31, 2012 and 2011, respectively, to fund real estate taxes and capital improvements at Highcrest Townhomes. AIMCO Properties, L.P. charges interest on advances under the terms permitted by the Partnership Agreement. The interest rates charged on the outstanding advances made to the Partnership range from the prime rate plus 2% to a variable rate based on the prime rate plus a market rate adjustment for similar type loans. Affiliates of the General Partner review the market rate adjustment quarterly. The interest rate on the outstanding advances at December 31, 2012 was 10.08%. Interest expense was approximately $27,000 and $4,000 for the years ended December 31, 2012 and 2011, respectively. During the years ended December 31, 2012 and 2011, the Partnership repaid advances and accrued interest of approximately $75,000 and $222,000, respectively, from operations and insurance proceeds. At December 31, 2012 and 2011, the amount of outstanding advances and accrued interest due to AIMCO Properties, L.P. was approximately $249,000 and $187,000, respectively, and is included in due to affiliates. The Partnership may receive additional advances of funds from AIMCO Properties, L.P., although AIMCO Properties, L.P. is not obligated to provide such advances. For more information on AIMCO Properties, L.P., including copies of its audited balance sheet, please see its reports filed with the Securities and Exchange Commission.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <div style='border:none;border-top:solid windowtext 1.0pt;padding:1.0pt 0in 0in 0in'> <p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.5in;margin-bottom:.0001pt;text-indent:-.5in;border:none;padding:0in;margin-left:0in;text-indent:0in'>The Partnership insures its property up to certain limits through coverage provided by Aimco which is generally self-insured for a portion of losses and liabilities related to workers&#146; compensation, property casualty, general liability, and vehicle liability.&#160; The Partnership insures its property above the Aimco limits through insurance policies obtained by Aimco from insurers unaffiliated with the General Partner.&#160; During the years ended December 31, 2012 and 2011, the Partnership was charged by Aimco and its affiliates approximately $29,000 and $25,000, respectively, for insurance coverage and fees associated with policy claims administration. </p> </div> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>In addition to its indirect ownership of the general partner interest in the Partnership, Aimco and its affiliates owned 574,447.25 Units in the Partnership representing 63.32% of the outstanding Units at December 31, 2012. A number of these Units were acquired pursuant to tender offers made by Aimco or its affiliates. It is possible that Aimco or its affiliates will acquire additional Units in exchange for cash or a combination of cash and units in AIMCO Properties, L.P., the operating partnership of Aimco, either through private purchases or tender offers.&#160; Pursuant to the Partnership Agreement, Unit holders holding a majority of the Units are entitled to take action with respect to a variety of matters that include, but are not limited to, voting on certain amendments to the Partnership Agreement and voting to remove the General Partner. As a result of its ownership of 63.32% of the outstanding Units, Aimco and its affiliates are in a position to control all such voting decisions with respect to the Partnership. Although the General Partner owes fiduciary duties to the limited partners of the Partnership, the General Partner also owes fiduciary duties to Aimco as its sole stockholder. As a result, the duties of the General Partner, as general partner, to the Partnership and its limited partners may come into conflict with the duties of the General Partner to Aimco as its sole stockholder. </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><b><u>Note C &#150; Investment in Affiliated Partnership</u></b> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The Partnership had an investment as a special limited partner in an affiliated partnership, Consolidated Capital Properties IV.&#160; This investment was accounted for using the equity method of accounting. Distributions from the affiliated partnership were accounted for as a reduction of the investment balance. When the investment balance had been reduced to zero, subsequent distributions received would be recognized as income. During the year ended December 31, 2011, the Partnership recognized equity in loss from the operating results of the investment of approximately $20,000.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>In accordance with the Partnership&#146;s impairment policy, the Partnership recorded an impairment loss of approximately $417,000 during the year ended December 31, 2011 to write its investment in the affiliated partnership down to zero.&#160; During the year ended December 31, 2012, the affiliated partnership merged with affiliates of the General Partner.&#160; As a result of the completion of the merger, the Partnership received approximately $24,000 as consideration for its special limited partnership interest, which is reflected as income from merger of affiliated partnership for the year ended December 31, 2012.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><b><u>Note D &#150; Casualty Event</u></b> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>During 2008, Glenbridge Manor Apartments experienced significant ground movement causing damage to three buildings, water pipes and sewer lines. The total damages were approximately $7,456,000. Prior to 2011, the Partnership received approximately $5,160,000 of insurance proceeds and approximately $3,038,000 in reimbursement of attorneys&#146; fees from successful litigation against the general contractor, soils engineer and retaining wall contractor. During the year ended December 31, 2011, the Partnership received approximately $265,000 of additional insurance proceeds, which is included in income from discontinued operations. </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><b><u>Note E &#150; Mortgage Note Payable</u></b> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The principal terms of the mortgage note payable are as follows:</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="855" style='margin-left:5.4pt;border-collapse:collapse'> <tr style='height:53.1pt'> <td width="203" valign="top" style='width:121.5pt;padding:0in 5.4pt 0in 5.4pt;height:53.1pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="105" valign="bottom" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt;height:53.1pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Principal Balance at December<u> 31, 2012</u></p> </td> <td width="105" colspan="2" valign="bottom" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt;height:53.1pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Principal Balance at December<u> 31, 2011</u></p> </td> <td width="105" valign="bottom" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt;height:53.1pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Monthly Payment Including<u> Interest</u></p> </td> <td width="90" valign="bottom" style='width:.75in;padding:0in 5.4pt 0in 5.4pt;height:53.1pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Stated Interest<u> Rate</u></p> </td> <td width="113" valign="bottom" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:53.1pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Maturity<u> Date (1)</u></p> </td> <td width="135" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:53.1pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Principal Balance Due<u> at Maturity</u></p> </td> </tr> <tr style='height:9.0pt'> <td width="203" valign="top" style='width:121.5pt;padding:0in 5.4pt 0in 5.4pt;height:9.0pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="210" colspan="3" valign="top" style='width:1.75in;padding:0in 5.4pt 0in 5.4pt;height:9.0pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>(in thousands)</p> </td> <td width="105" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt;height:9.0pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="90" valign="top" style='width:.75in;padding:0in 5.4pt 0in 5.4pt;height:9.0pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:9.0pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="135" valign="top" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:9.0pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>(in thousands)</p> </td> </tr> <tr style='height:12.25pt'> <td width="203" valign="top" style='width:121.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Property</u></p> </td> <td width="113" colspan="2" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="98" valign="top" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="105" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="90" valign="top" style='width:.75in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="135" valign="top" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:41.4pt'> <td width="203" style='width:121.5pt;padding:0in 5.4pt 0in 5.4pt;height:41.4pt'> <p style='margin:0in;margin-bottom:.0001pt'>Highcrest Townhomes</p> </td> <td width="113" colspan="2" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:41.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u>10,391</u></p> </td> <td width="98" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:41.4pt'> <p style='margin:0in;margin-bottom:.0001pt'>$<u>10,563</u></p> </td> <td width="105" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt;height:41.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u> </u><u>68</u></p> </td> <td width="90" style='width:.75in;padding:0in 5.4pt 0in 5.4pt;height:41.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>6.17%</p> </td> <td width="113" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:41.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>10/01/17</p> </td> <td width="135" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:41.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u> </u><u>9,414</u></p> </td> </tr> <tr align="left"> <td width="203" style='border:none'></td> <td width="105" style='border:none'></td> <td width="8" style='border:none'></td> <td width="98" style='border:none'></td> <td width="105" style='border:none'></td> <td width="90" style='border:none'></td> <td width="113" style='border:none'></td> <td width="135" style='border:none'></td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-align:justify;text-indent:-.5in'>(1)&#160;&#160; Maturity date of the mortgage note payable encumbering Highcrest Townhomes extends beyond the termination date of the Partnership, which is December 31, 2013.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The mortgage note payable is a fixed rate mortgage that is nonrecourse and is secured by a pledge of the Partnership&#146;s investment property and by pledge of revenues from the respective investment property. The mortgage note imposes a prepayment penalty if repaid prior to maturity. Further, the property may not be sold subject to existing indebtedness.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>While the Partnership termination date is December 31, 2013, scheduled principal payments of the mortgage note payable subsequent to December 31, 2012 are as follows (in thousands):</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr style='height:.1in'> <td width="218" valign="top" style='width:130.5pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>&nbsp;</p> </td> <td width="188" valign="top" style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:21.15pt'> <td width="218" valign="top" style='width:130.5pt;padding:0in 5.4pt 0in 5.4pt;height:21.15pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>2013</p> </td> <td width="188" valign="top" style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt;height:21.15pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>$&#160;&#160; 183</p> </td> </tr> <tr style='height:17.55pt'> <td width="218" valign="top" style='width:130.5pt;padding:0in 5.4pt 0in 5.4pt;height:17.55pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>2014</p> </td> <td width="188" valign="top" style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt;height:17.55pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>&#160;&#160;&#160; 194</p> </td> </tr> <tr style='height:12.0pt'> <td width="218" valign="top" style='width:130.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.0pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>2015</p> </td> <td width="188" valign="top" style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.0pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>&#160;&#160;&#160; 207</p> </td> </tr> <tr style='height:12.0pt'> <td width="218" valign="top" style='width:130.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.0pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>2016</p> </td> <td width="188" valign="top" style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.0pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>&#160;&#160;&#160; 220</p> </td> </tr> <tr style='height:.2in'> <td width="218" valign="top" style='width:130.5pt;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>2017</p> </td> <td width="188" valign="top" style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>&#160;<u>&#160;</u><u>9,587</u></p> </td> </tr> <tr style='height:.2in'> <td width="218" valign="top" style='width:130.5pt;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>&nbsp;</p> </td> <td width="188" valign="top" style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>$<u>10,391</u></p> </td> </tr> </table> </div> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <!--egx--><p align="left" style='text-align:left'><u>Note F &#150; Investment Property and Accumulated Depreciation</u><font style='font-weight:normal'> </font></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="864" style='border-collapse:collapse'> <tr style='height:12.25pt'> <td width="302" valign="top" style='width:180.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> </td> <td width="150" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> </td> <td width="248" colspan="2" valign="top" style='width:148.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Initial Cost</p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="302" valign="top" style='width:180.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="150" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="248" colspan="2" valign="top" style='width:148.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>To Partnership</u></p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="302" valign="top" style='width:180.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="150" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="248" colspan="2" valign="top" style='width:148.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>(in thousands)</p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="302" valign="top" style='width:180.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="150" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="135" valign="top" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Buildings</p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Net Cost</p> </td> </tr> <tr style='height:12.25pt'> <td width="302" valign="top" style='width:180.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="150" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="135" valign="top" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>and Related</p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Capitalized</p> </td> </tr> <tr style='height:12.25pt'> <td width="302" valign="top" style='width:180.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="150" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="135" valign="top" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Personal</p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Subsequent to</p> </td> </tr> <tr style='height:12.25pt'> <td width="302" valign="top" style='width:180.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'><u>Description</u></p> </td> <td width="150" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>Encumbrances</u></p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>Land</u></p> </td> <td width="135" valign="top" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>Property</u></p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>Acquisition</u></p> </td> </tr> <tr style='height:8.65pt'> <td width="302" valign="top" style='width:180.9pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="150" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="135" valign="top" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:13.05pt'> <td width="302" valign="top" style='width:180.9pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Highcrest Townhomes</p> </td> <td width="150" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u>10,391</u></p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u> </u><u>3,660</u></p> </td> <td width="135" valign="top" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u> </u><u>8,540</u></p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u> </u><u>1,618</u></p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="915" style='margin-left:-12.6pt;border-collapse:collapse'> <tr style='height:12.25pt'> <td width="180" valign="top" style='width:1.5in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="285" colspan="3" valign="top" style='width:171.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Gross Amount At Which Carried</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="98" valign="top" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="180" valign="top" style='width:1.5in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="285" colspan="3" valign="top" style='width:171.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>At December 31, 2012</u></p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="98" valign="top" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="180" valign="top" style='width:1.5in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="285" colspan="3" valign="top" style='width:171.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>(in thousands)</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="98" valign="top" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="180" valign="top" style='width:1.5in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="83" valign="top" style='width:49.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="90" valign="top" style='width:.75in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="98" valign="top" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="180" valign="top" style='width:1.5in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="83" valign="top" style='width:49.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Buildings</p> </td> <td width="90" valign="top" style='width:.75in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="98" valign="top" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="180" valign="top" style='width:1.5in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="83" valign="top" style='width:49.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>And Related</p> </td> <td width="90" valign="top" style='width:.75in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="98" valign="top" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="180" valign="top" style='width:1.5in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="83" valign="top" style='width:49.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Personal</p> </td> <td width="90" valign="top" style='width:.75in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Accumulated</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Date of</p> </td> <td width="98" valign="top" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Date</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Depreciable</p> </td> </tr> <tr style='height:12.25pt'> <td width="180" valign="top" style='width:1.5in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Description</u></p> </td> <td width="83" valign="top" style='width:49.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>Land</u></p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>Properties</u></p> </td> <td width="90" valign="top" style='width:.75in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>Total</u></p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>Depreciation</u></p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>Construction</u></p> </td> <td width="98" valign="top" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>Acquired</u></p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>Life</u></p> </td> </tr> <tr style='height:12.25pt'> <td width="180" valign="top" style='width:1.5in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="83" valign="top" style='width:49.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="90" valign="top" style='width:.75in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="98" valign="top" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:17.55pt'> <td width="180" style='width:1.5in;padding:0in 5.4pt 0in 5.4pt;height:17.55pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>Highcrest Townhomes</p> </td> <td width="83" valign="top" style='width:49.5pt;padding:0in 5.4pt 0in 5.4pt;height:17.55pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u> </u><u>3,660</u></p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:17.55pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u>10,158</u></p> </td> <td width="90" valign="top" style='width:.75in;padding:0in 5.4pt 0in 5.4pt;height:17.55pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u>13,818</u></p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:17.55pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u> </u><u>5,053</u></p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:17.55pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>1968</p> </td> <td width="98" valign="top" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:17.55pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>08/22/02</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:17.55pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>5-30 yrs</p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Reconciliation of &quot;Investment Property and Accumulated Depreciation&quot;:</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:27.9pt;border-collapse:collapse'> <tr style='height:12.25pt'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="315" colspan="2" valign="top" style='width:189.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Years Ended December 31,</p> </td> </tr> <tr style='height:12.25pt'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>2012</u></p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>2011</u></p> </td> </tr> <tr style='height:12.25pt'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="315" colspan="2" valign="top" style='width:189.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>(in thousands)</p> </td> </tr> <tr style='height:12.25pt'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Investment Properties</u></p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:.2in'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Balance at beginning of year</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$ 13,609</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$ 14,027</p> </td> </tr> <tr style='height:12.25pt'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Property improvements</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&#160;&#160;&#160;&#160; 301</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&#160;&#160; &#160;&#160;632</p> </td> </tr> <tr style='height:12.15pt'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Retirement of assets</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&#160; <u>&#160;&#160;&#160;&#160;</u><u>(92</u>)</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&#160;&#160;<u>&#160;</u><u>(1,050</u>)</p> </td> </tr> <tr style='height:22.5pt'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:22.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Balance at end of year</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:22.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u> </u><u>13,818</u></p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:22.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u> </u><u>13,609</u></p> </td> </tr> <tr style='height:12.25pt'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Accumulated Depreciation</u></p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Balance at beginning of year</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$&#160; 4,489</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$ &#160;4,939</p> </td> </tr> <tr style='height:.2in'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Additions charged to expense</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&#160;&#160;&#160;&#160; 656</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&#160;&#160; &#160;&#160;600</p> </td> </tr> <tr style='height:13.5pt'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Retirement of assets</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&#160; <u>&#160;&#160;&#160;&#160;</u><u>(92</u>)</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>&#160;&#160; </u><u>(1,050</u>)</p> </td> </tr> <tr style='height:13.95pt'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Balance at end of year</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u>&#160; </u><u>5,053</u></p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u>&#160; </u><u>4,489</u></p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>During the years ended December 31, 2012 and 2011, the Partnership retired and wrote-off personal property no longer being used that had a cost basis of approximately $92,000 and $1,050,000, respectively, and accumulated depreciation of approximately $92,000 and $1,050,000, respectively.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The aggregate cost of the investment property for Federal income tax purposes at December 31, 2012 and 2011 is approximately $14,952,000 and $14,660,000, respectively. The accumulated depreciation taken for Federal income tax purposes at December 31, 2012 and 2011 is approximately $5,415,000 and $4,794,000, respectively.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><b><u>Note G - Income Taxes</u></b> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The Partnership is classified as a partnership for Federal income tax purposes.&#160; Accordingly, no provision for income taxes is made in the financial statements of the Partnership. Taxable income or loss of the Partnership is reported in the income tax returns of its partners.</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The following is a reconciliation of reported net loss and Federal taxable (loss) income for the years ended December 31, 2012 and 2011 (in thousands, except per unit data):</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:5.4pt;border-collapse:collapse'> <tr style='height:40.5pt'> <td width="480" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt;height:40.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:40.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>2012</u></p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:40.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>2011</u></p> </td> </tr> <tr style='height:.1in'> <td width="480" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="480" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Net loss as reported</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160; $&#160;&#160;&#160; (449)</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160; $&#160;&#160;&#160; (595)</p> </td> </tr> <tr style='height:12.25pt'> <td width="480" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Add (deduct):</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> </td> </tr> <tr style='height:.2in'> <td width="480" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p style='margin:0in;margin-bottom:.0001pt;margin-left:12.6pt;text-align:justify'>Loss on merger of affiliated partnership</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160; (2,771)</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; --</p> </td> </tr> <tr style='height:13.5pt'> <td width="480" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&#160;&#160;Depreciation differences</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;35</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;51</p> </td> </tr> <tr style='height:12.25pt'> <td width="480" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&#160; Change in prepaid rental</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;(3)</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;8</p> </td> </tr> <tr style='height:12.25pt'> <td width="480" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&#160; Other</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160; <u>&#160;&#160;&#160;&#160;&#160;&#160;</u><u>66</u></p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160; <u>&#160;&#160;&#160;&#160;&#160;</u><u>365</u></p> </td> </tr> <tr style='height:.1in'> <td width="480" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="480" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Federal taxable loss</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160; $<u>&#160; </u><u>(3,122</u>)</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160; $<u>&#160;&#160; &#160;</u><u>(171</u>)</p> </td> </tr> <tr style='height:.1in'> <td width="480" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="480" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Federal taxable loss per Series A unit holder</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160; $<u>&#160; &#160;</u><u>(3.41</u>)</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160; $<u>&#160;&#160; </u><u>(0.19</u>)</p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The following is a reconciliation between the Partnership's reported amounts and Federal tax basis of net assets and liabilities (in thousands):</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="750" style='margin-left:23.4pt;border-collapse:collapse'> <tr style='height:12.25pt'> <td width="413" valign="top" style='width:247.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>2012</u></p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>2011</u></p> </td> </tr> <tr style='height:12.25pt'> <td width="413" valign="top" style='width:247.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Net liabilities as reported</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160; $ (2,617)</p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160; $ (2,168)</p> </td> </tr> <tr style='height:12.25pt'> <td width="413" valign="top" style='width:247.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-left:12.6pt;text-align:justify'>Building and land</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160;&#160; 1,134</p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160;&#160; 1,051</p> </td> </tr> <tr style='height:12.25pt'> <td width="413" valign="top" style='width:247.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&#160; Accumulated depreciation</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160;&#160;&#160; (362)</p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160;&#160;&#160; (305)</p> </td> </tr> <tr style='height:12.25pt'> <td width="413" valign="top" style='width:247.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&#160; Syndication fees</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160; 25,796</p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160; 25,796</p> </td> </tr> <tr style='height:12.25pt'> <td width="413" valign="top" style='width:247.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&#160; Other</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160; <u>&#160;&#160;&#160;</u><u>460</u></p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160; <u>&#160;</u><u>3,158</u><u> </u></p> </td> </tr> <tr style='height:12.25pt'> <td width="413" valign="top" style='width:247.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Net assets - tax basis</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160; $ <u>24,411</u></p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160; $ <u>27,532</u></p> </td> </tr> </table> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><b><u>Note H &#150; Distributions</u></b> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>In 2010, the Partnership recorded a distribution payable of approximately $29,000, which represented the estimated Ohio withholding taxes to be paid by the Partnership on behalf of certain partners in connection with the sale of Glenbridge Manor Apartments. As it was subsequently determined in 2011 that no Ohio withholding taxes were due in connection with the sale of Glenbridge Manor Apartments, the Partnership distributed this amount to those partners from which it was withheld during 2012. </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><b><u>Note I &#150; Contingencies </u></b></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt'><font style='letter-spacing:-.1pt'>The Partnership is unaware of any pending or outstanding litigation matters involving it or its investment property that are not of a routine nature arising in the ordinary course of business.</font></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Various Federal, state and local laws subject property owners or operators to liability for management, and the costs of removal or remediation, of certain potentially hazardous materials present on a property, including lead-based paint, asbestos, polychlorinated biphenyls, petroleum-based fuels, and other miscellaneous materials. Such laws often impose liability without regard to whether the owner or operator knew of, or was responsible for, the release or presence of such materials. The presence of, or the failure to manage or remedy properly, these materials may adversely affect occupancy at affected apartment communities and the ability to sell or finance affected properties. In addition to the costs associated with investigation and remediation actions brought by government agencies, and potential fines or penalties imposed by such agencies in connection therewith, the improper management of these materials on a property could result in claims by private plaintiffs for personal injury, disease, disability or other infirmities. Various laws also impose liability for the cost of removal, remediation or disposal of these materials through a licensed disposal or treatment facility. Anyone who arranges for the disposal or treatment of these materials is potentially liable under such laws for the proper operation of the disposal facility. These laws often impose liability whether or not the person arranging for the disposal ever owned or operated the disposal facility. In connection with the ownership, operation and management of its property, the Partnership could potentially be responsible for environmental liabilities or costs associated with its property. </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Organization </u></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Consolidated Capital Institutional Properties/2, LP (the &quot;Partnership&quot; or &quot;Registrant&quot;), a California Limited Partnership, was formed on April 12, 1983. ConCap Equities, Inc., a Delaware corporation (the &quot;General Partner&quot; or &quot;CEI&quot;) is the general partner of the Partnership.&#160; The General Partner is a subsidiary of Apartment Investment and Management Company (&quot;Aimco&quot;), a publicly traded real estate investment trust. The Partnership Agreement provides that the Partnership is to terminate on December 31, 2013 unless terminated prior to such date. The Partnership Agreement also provides that the term of the Partnership cannot be extended beyond the termination date. The Partnership commenced operations on July 22, 1983.&#160; The Partnership currently owns and operates one residential investment property located in Illinois.&#160; The General Partner is currently evaluating its plans with respect to the Partnership&#146;s investment property.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Going Concern </u></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The Partnership Agreement provides that the Partnership is to terminate on December 31, 2013 unless terminated prior to such date. Since the Partnership&#146;s term will expire on December 31, 2013 and the term cannot be extended, the General Partner is currently evaluating its plans with respect to the Partnership&#146;s investment property, which may include a sale to a third party or continuing operations past the expiration date until the property is sold.&#160; The 2012 financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt'><u>Subsequent Events </u></p> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The Partnership&#146;s management evaluated subsequent events through the time this Annual Report on Form 10-K was filed.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Basis of Presentation </u></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The accompanying statement of operations for the year ended December 31, 2011 reflects the $265,000 casualty gain recognized in 2011 with respect to a 2008 casualty at Glenbridge Manor Apartments as income from discontinued operations due to its sale on September 9, 2010.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Use of Estimates </u></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Cash and Cash Equivalents </u></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Cash and cash equivalents include cash on hand and in banks. At certain times, the amount of cash deposited at a bank may exceed the limit on insured deposits. Cash balances included approximately $143,000 and $41,000 at December 31, 2012 and 2011, respectively, that are maintained by an affiliated management company on behalf of affiliated entities in cash concentration accounts.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Income Taxes </u></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>No provision has been made in the financial statements for Federal income taxes because, under current law, no Federal income taxes are paid directly by the Partnership.&#160; The Unit holders are responsible for their respective shares of Partnership net income or loss. The Partnership reports certain transactions differently for tax than for financial statement purposes.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Partners' Deficit </u></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The Partnership Agreement provides for net income and net losses for both financial and tax reporting purposes to be allocated 99% to the Limited Partners and 1% to the General Partner. &quot;Distributable Cash from Operations&quot;, as defined in the Partnership Agreement, is to be allocated 99% to the Limited Partners and 1% to the General Partner.&#160; Distributions of surplus funds are to be allocated 100% to the Limited Partners.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Abandoned Units</u> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>During 2012 and 2011, the number of limited partnership units (the &#147;Units&#148;) decreased by 156.60 and 1,198.90 Units, respectively, due to limited partners abandoning their Units. At December 31, 2012 and 2011, the Partnership had outstanding 907,143.60 and 907,300.20 Units, respectively. In abandoning his or her Units, a limited partner relinquishes all right, title and interest in the Partnership as of the date of the abandonment.</p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Net Loss Per Limited Partnership Unit </u></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Net loss per Unit is computed by dividing net loss allocated to the Limited Partners by the number of Units outstanding at the beginning of the fiscal year. Per Unit information has been computed based on 907,300.20 and 908,499.1 units outstanding for 2012 and 2011, respectively. </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Depreciation </u></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Depreciation is provided by the straight-line method over the estimated lives of the investment property and related personal property.&#160; For Federal income tax purposes, the modified accelerated cost recovery method is used for depreciation of (1) real property over 27&#189; years and (2) personal property additions over 5 years.&#160; </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Investment property </u></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Investment property consists of one apartment complex and is stated at fair market value at the time of foreclosure in 2002, less accumulated depreciation, unless the carrying amount of the asset is not recoverable. The Partnership capitalizes costs incurred in connection with capital additions activities, including redevelopment and construction projects, other tangible property improvements and replacements of existing property components. Included in these capitalized costs are payroll costs associated with time spent by site employees in connection with the planning, execution and control of all capital additions activities at the property level.&#160; The Partnership capitalizes interest, property taxes and insurance during periods in which redevelopment and construction projects are in progress. No such costs were capitalized during the years ended December 31, 2012 and 2011. Capitalized costs are depreciated over the estimated useful life of the asset. The Partnership charges to expense as incurred costs that do not relate to capital additions activities, including ordinary repairs, maintenance and resident turnover costs. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>If events or circumstances indicate that the carrying amount of the property may not be recoverable, the Partnership will make an assessment of its recoverability by comparing the carrying amount to the Partnership&#146;s estimate of the undiscounted future cash flows, excluding interest charges, of the property.&#160;&#160; If the carrying amount exceeds the estimated aggregate undiscounted future cash flows, the Partnership would recognize an impairment loss to the extent the carrying amount exceeds the estimated fair value of the property. </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Tenant Security Deposits</u> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The Partnership requires security deposits from lessees for the duration of the lease and such deposits are included in receivables and deposits.&#160; The security deposits are refunded when the tenant vacates, provided the tenant has not damaged the space and is current on rental payments. </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Leases </u></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The Partnership generally leases apartment units for twelve-month terms or less.&#160; The Partnership will offer rental concessions during particularly slow months or in response to heavy competition from other similar complexes in the area.&#160; Rental income attributable to leases, net of any concessions, is recognized on a straight-line basis over the term of the lease.&#160; The Partnership evaluates all accounts receivable from residents and establishes an allowance, after the application of security deposits, for accounts greater than 30 days past due on current tenants and all receivables due from former tenants. </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Advertising Costs</u> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>The Partnership expenses the costs of advertising as incurred. Advertising costs of approximately $44,000 and $33,000 for the years ended December 31, 2012 and 2011, respectively, were charged to expense as incurred and are included in operating expenses. </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Deferred Costs</u> </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Loan costs of approximately $213,000 at both December 31, 2012 and 2011, less accumulated amortization of approximately $174,000 and $134,000, respectively, are included in other assets. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Amortization expense was approximately $40,000 for both the years ended December 31, 2012 and 2011, and is included in interest expense. Amortization expense is expected to be approximately $39,000 for 2013. </p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Leasing commissions and other direct costs incurred in connection with successful leasing efforts are deferred and amortized over the terms of the related leases.&#160; Amortization of these costs is included in operating expenses. </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Fair Value of Financial Instruments </u></p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Financial Accounting Standards Board Accounting Standards Codification Topic (&#147;ASC&#148;) 825, &#147;Financial Instruments&#148;, requires disclosure of fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate fair value. Fair value is defined as the amount at which the instruments could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. The Partnership is required to classify these fair value measurements into one of three categories, based on the nature of the inputs used in the fair value measurement. Level 1 of the hierarchy includes fair value measurements based on unadjusted quoted prices in active markets for identical assets or liabilities the Partnership can access at the measurement date.&#160; Level 2 includes fair value measurements based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.&#160; Level 3 includes fair value measurements based on unobservable inputs.&#160; The classification of fair value measurements is subjective and generally accepted accounting principles require the Partnership to disclose more detailed information regarding those fair value measurements classified within the lower levels of the hierarchy. &#160;The Partnership believes that the carrying amount of its financial instruments (except for the mortgage note payable) approximates its fair value due to the short-term maturity of these instruments. The Partnership estimates the fair value of its mortgage note payable by discounting future cash flows using a discount rate commensurate with that currently believed to be available to the Partnership for similar term, mortgage notes payable. The Partnership has classified this fair value measurement within Level 2 of the fair value hierarchy.&nbsp;At December 31, 2012, the fair value of the Partnership's mortgage note payable at the Partnership's incremental borrowing rate was approximately $11,593,000. </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Segment Reporting</u>: ASC Topic 280-10, &#147;Segment Reporting&#148;, established standards for the way that public business enterprises report information about operating segments in annual financial statements and requires that those enterprises report selected information about operating segments in interim financial reports. ASC Topic 280-10 also established standards for related disclosures about products and services, geographic areas, and major customers. As defined in ASC Topic 280-10, the Partnership has only one reportable segment.</p> <!--egx--><p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:left'><u>Reclassifications</u></p> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:left'>&nbsp;</p> <p align="left" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:left'>Certain reclassifications have been made to the 2011 balances to conform to the 2012 presentation. </p> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="855" style='margin-left:5.4pt;border-collapse:collapse'> <tr style='height:53.1pt'> <td width="203" valign="top" style='width:121.5pt;padding:0in 5.4pt 0in 5.4pt;height:53.1pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="105" valign="bottom" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt;height:53.1pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Principal Balance at December<u> 31, 2012</u></p> </td> <td width="105" colspan="2" valign="bottom" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt;height:53.1pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Principal Balance at December<u> 31, 2011</u></p> </td> <td width="105" valign="bottom" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt;height:53.1pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Monthly Payment Including<u> Interest</u></p> </td> <td width="90" valign="bottom" style='width:.75in;padding:0in 5.4pt 0in 5.4pt;height:53.1pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Stated Interest<u> Rate</u></p> </td> <td width="113" valign="bottom" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:53.1pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Maturity<u> Date (1)</u></p> </td> <td width="135" valign="bottom" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:53.1pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Principal Balance Due<u> at Maturity</u></p> </td> </tr> <tr style='height:9.0pt'> <td width="203" valign="top" style='width:121.5pt;padding:0in 5.4pt 0in 5.4pt;height:9.0pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="210" colspan="3" valign="top" style='width:1.75in;padding:0in 5.4pt 0in 5.4pt;height:9.0pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>(in thousands)</p> </td> <td width="105" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt;height:9.0pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="90" valign="top" style='width:.75in;padding:0in 5.4pt 0in 5.4pt;height:9.0pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:9.0pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="135" valign="top" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:9.0pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>(in thousands)</p> </td> </tr> <tr style='height:12.25pt'> <td width="203" valign="top" style='width:121.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Property</u></p> </td> <td width="113" colspan="2" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="98" valign="top" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="105" valign="top" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="90" valign="top" style='width:.75in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="135" valign="top" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:41.4pt'> <td width="203" style='width:121.5pt;padding:0in 5.4pt 0in 5.4pt;height:41.4pt'> <p style='margin:0in;margin-bottom:.0001pt'>Highcrest Townhomes</p> </td> <td width="113" colspan="2" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:41.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u>10,391</u></p> </td> <td width="98" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:41.4pt'> <p style='margin:0in;margin-bottom:.0001pt'>$<u>10,563</u></p> </td> <td width="105" style='width:63.0pt;padding:0in 5.4pt 0in 5.4pt;height:41.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u> </u><u>68</u></p> </td> <td width="90" style='width:.75in;padding:0in 5.4pt 0in 5.4pt;height:41.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>6.17%</p> </td> <td width="113" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:41.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>10/01/17</p> </td> <td width="135" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:41.4pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u> </u><u>9,414</u></p> </td> </tr> <tr align="left"> <td width="203" style='border:none'></td> <td width="105" style='border:none'></td> <td width="8" style='border:none'></td> <td width="98" style='border:none'></td> <td width="105" style='border:none'></td> <td width="90" style='border:none'></td> <td width="113" style='border:none'></td> <td width="135" style='border:none'></td> </tr> </table> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <div align="center"> <table border="0" cellspacing="0" cellpadding="0" style='border-collapse:collapse'> <tr style='height:.1in'> <td width="218" valign="top" style='width:130.5pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>&nbsp;</p> </td> <td width="188" valign="top" style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:21.15pt'> <td width="218" valign="top" style='width:130.5pt;padding:0in 5.4pt 0in 5.4pt;height:21.15pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>2013</p> </td> <td width="188" valign="top" style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt;height:21.15pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>$&#160;&#160; 183</p> </td> </tr> <tr style='height:17.55pt'> <td width="218" valign="top" style='width:130.5pt;padding:0in 5.4pt 0in 5.4pt;height:17.55pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>2014</p> </td> <td width="188" valign="top" style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt;height:17.55pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>&#160;&#160;&#160; 194</p> </td> </tr> <tr style='height:12.0pt'> <td width="218" valign="top" style='width:130.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.0pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>2015</p> </td> <td width="188" valign="top" style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.0pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>&#160;&#160;&#160; 207</p> </td> </tr> <tr style='height:12.0pt'> <td width="218" valign="top" style='width:130.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.0pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>2016</p> </td> <td width="188" valign="top" style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.0pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>&#160;&#160;&#160; 220</p> </td> </tr> <tr style='height:.2in'> <td width="218" valign="top" style='width:130.5pt;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>2017</p> </td> <td width="188" valign="top" style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>&#160;<u>&#160;</u><u>9,587</u></p> </td> </tr> <tr style='height:.2in'> <td width="218" valign="top" style='width:130.5pt;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>&nbsp;</p> </td> <td width="188" valign="top" style='width:112.5pt;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:justify;text-align:center'>$<u>10,391</u></p> </td> </tr> </table> </div> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="864" style='border-collapse:collapse'> <tr style='height:12.25pt'> <td width="302" valign="top" style='width:180.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> </td> <td width="150" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> </td> <td width="248" colspan="2" valign="top" style='width:148.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Initial Cost</p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="302" valign="top" style='width:180.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="150" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="248" colspan="2" valign="top" style='width:148.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>To Partnership</u></p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="302" valign="top" style='width:180.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="150" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="248" colspan="2" valign="top" style='width:148.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>(in thousands)</p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="302" valign="top" style='width:180.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="150" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="135" valign="top" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Buildings</p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Net Cost</p> </td> </tr> <tr style='height:12.25pt'> <td width="302" valign="top" style='width:180.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="150" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="135" valign="top" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>and Related</p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Capitalized</p> </td> </tr> <tr style='height:12.25pt'> <td width="302" valign="top" style='width:180.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="150" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="135" valign="top" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Personal</p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Subsequent to</p> </td> </tr> <tr style='height:12.25pt'> <td width="302" valign="top" style='width:180.9pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'><u>Description</u></p> </td> <td width="150" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>Encumbrances</u></p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>Land</u></p> </td> <td width="135" valign="top" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>Property</u></p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>Acquisition</u></p> </td> </tr> <tr style='height:8.65pt'> <td width="302" valign="top" style='width:180.9pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="150" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="135" valign="top" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:8.65pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:13.05pt'> <td width="302" valign="top" style='width:180.9pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Highcrest Townhomes</p> </td> <td width="150" valign="top" style='width:1.25in;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u>10,391</u></p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u> </u><u>3,660</u></p> </td> <td width="135" valign="top" style='width:81.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u> </u><u>8,540</u></p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.05pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u> </u><u>1,618</u></p> </td> </tr> </table> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="915" style='margin-left:-12.6pt;border-collapse:collapse'> <tr style='height:12.25pt'> <td width="180" valign="top" style='width:1.5in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="285" colspan="3" valign="top" style='width:171.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Gross Amount At Which Carried</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="98" valign="top" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="180" valign="top" style='width:1.5in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="285" colspan="3" valign="top" style='width:171.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>At December 31, 2012</u></p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="98" valign="top" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="180" valign="top" style='width:1.5in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="285" colspan="3" valign="top" style='width:171.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>(in thousands)</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="98" valign="top" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="180" valign="top" style='width:1.5in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="83" valign="top" style='width:49.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="90" valign="top" style='width:.75in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="98" valign="top" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="180" valign="top" style='width:1.5in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="83" valign="top" style='width:49.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Buildings</p> </td> <td width="90" valign="top" style='width:.75in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="98" valign="top" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="180" valign="top" style='width:1.5in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="83" valign="top" style='width:49.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>And Related</p> </td> <td width="90" valign="top" style='width:.75in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="98" valign="top" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="180" valign="top" style='width:1.5in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="83" valign="top" style='width:49.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Personal</p> </td> <td width="90" valign="top" style='width:.75in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Accumulated</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Date of</p> </td> <td width="98" valign="top" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Date</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Depreciable</p> </td> </tr> <tr style='height:12.25pt'> <td width="180" valign="top" style='width:1.5in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Description</u></p> </td> <td width="83" valign="top" style='width:49.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>Land</u></p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>Properties</u></p> </td> <td width="90" valign="top" style='width:.75in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>Total</u></p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>Depreciation</u></p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>Construction</u></p> </td> <td width="98" valign="top" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>Acquired</u></p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>Life</u></p> </td> </tr> <tr style='height:12.25pt'> <td width="180" valign="top" style='width:1.5in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="83" valign="top" style='width:49.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="90" valign="top" style='width:.75in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="98" valign="top" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:17.55pt'> <td width="180" style='width:1.5in;padding:0in 5.4pt 0in 5.4pt;height:17.55pt'> <p align="right" style='margin:0in;margin-bottom:.0001pt;text-align:right'>Highcrest Townhomes</p> </td> <td width="83" valign="top" style='width:49.5pt;padding:0in 5.4pt 0in 5.4pt;height:17.55pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u> </u><u>3,660</u></p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:17.55pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u>10,158</u></p> </td> <td width="90" valign="top" style='width:.75in;padding:0in 5.4pt 0in 5.4pt;height:17.55pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u>13,818</u></p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:17.55pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u> </u><u>5,053</u></p> </td> <td width="120" valign="top" style='width:1.0in;padding:0in 5.4pt 0in 5.4pt;height:17.55pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>1968</p> </td> <td width="98" valign="top" style='width:58.5pt;padding:0in 5.4pt 0in 5.4pt;height:17.55pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>08/22/02</p> </td> <td width="113" valign="top" style='width:67.5pt;padding:0in 5.4pt 0in 5.4pt;height:17.55pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>5-30 yrs</p> </td> </tr> </table> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:27.9pt;border-collapse:collapse'> <tr style='height:12.25pt'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="315" colspan="2" valign="top" style='width:189.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>Years Ended December 31,</p> </td> </tr> <tr style='height:12.25pt'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>2012</u></p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>2011</u></p> </td> </tr> <tr style='height:12.25pt'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="315" colspan="2" valign="top" style='width:189.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>(in thousands)</p> </td> </tr> <tr style='height:12.25pt'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Investment Properties</u></p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:.2in'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Balance at beginning of year</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$ 13,609</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$ 14,027</p> </td> </tr> <tr style='height:12.25pt'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Property improvements</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&#160;&#160;&#160;&#160; 301</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&#160;&#160; &#160;&#160;632</p> </td> </tr> <tr style='height:12.15pt'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Retirement of assets</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&#160; <u>&#160;&#160;&#160;&#160;</u><u>(92</u>)</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.15pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&#160;&#160;<u>&#160;</u><u>(1,050</u>)</p> </td> </tr> <tr style='height:22.5pt'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:22.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Balance at end of year</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:22.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u> </u><u>13,818</u></p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:22.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u> </u><u>13,609</u></p> </td> </tr> <tr style='height:12.25pt'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'><u>Accumulated Depreciation</u></p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Balance at beginning of year</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$&#160; 4,489</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$ &#160;4,939</p> </td> </tr> <tr style='height:.2in'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Additions charged to expense</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&#160;&#160;&#160;&#160; 656</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&#160;&#160; &#160;&#160;600</p> </td> </tr> <tr style='height:13.5pt'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Retirement of assets</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&#160; <u>&#160;&#160;&#160;&#160;</u><u>(92</u>)</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>&#160;&#160; </u><u>(1,050</u>)</p> </td> </tr> <tr style='height:13.95pt'> <td width="405" valign="top" style='width:243.0pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Balance at end of year</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u>&#160; </u><u>5,053</u></p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.95pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>$<u>&#160; </u><u>4,489</u></p> </td> </tr> </table> <!--egx--><p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" style='margin-left:5.4pt;border-collapse:collapse'> <tr style='height:40.5pt'> <td width="480" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt;height:40.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:40.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>2012</u></p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:40.5pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>2011</u></p> </td> </tr> <tr style='height:.1in'> <td width="480" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="480" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Net loss as reported</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160; $&#160;&#160;&#160; (449)</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160; $&#160;&#160;&#160; (595)</p> </td> </tr> <tr style='height:12.25pt'> <td width="480" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Add (deduct):</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> </td> </tr> <tr style='height:.2in'> <td width="480" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p style='margin:0in;margin-bottom:.0001pt;margin-left:12.6pt;text-align:justify'>Loss on merger of affiliated partnership</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160; (2,771)</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:.2in'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; --</p> </td> </tr> <tr style='height:13.5pt'> <td width="480" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&#160;&#160;Depreciation differences</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;35</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:13.5pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;51</p> </td> </tr> <tr style='height:12.25pt'> <td width="480" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&#160; Change in prepaid rental</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;(3)</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;8</p> </td> </tr> <tr style='height:12.25pt'> <td width="480" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&#160; Other</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160; <u>&#160;&#160;&#160;&#160;&#160;&#160;</u><u>66</u></p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160; <u>&#160;&#160;&#160;&#160;&#160;</u><u>365</u></p> </td> </tr> <tr style='height:.1in'> <td width="480" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="480" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Federal taxable loss</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160; $<u>&#160; </u><u>(3,122</u>)</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160; $<u>&#160;&#160; &#160;</u><u>(171</u>)</p> </td> </tr> <tr style='height:.1in'> <td width="480" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:.1in'> <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> </td> </tr> <tr style='height:12.25pt'> <td width="480" valign="top" style='width:4.0in;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Federal taxable loss per Series A unit holder</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160; $<u>&#160; &#160;</u><u>(3.41</u>)</p> </td> <td width="158" valign="top" style='width:94.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160; $<u>&#160;&#160; </u><u>(0.19</u>)</p> </td> </tr> </table> <!--egx--><p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p> <table border="0" cellspacing="0" cellpadding="0" width="750" style='margin-left:23.4pt;border-collapse:collapse'> <tr style='height:12.25pt'> <td width="413" valign="top" style='width:247.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&nbsp;</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>2012</u></p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p align="center" style='margin:0in;margin-bottom:.0001pt;text-align:center'><u>2011</u></p> </td> </tr> <tr style='height:12.25pt'> <td width="413" valign="top" style='width:247.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Net liabilities as reported</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160; $ (2,617)</p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160; $ (2,168)</p> </td> </tr> <tr style='height:12.25pt'> <td width="413" valign="top" style='width:247.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;margin-left:12.6pt;text-align:justify'>Building and land</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160;&#160; 1,134</p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160;&#160; 1,051</p> </td> </tr> <tr style='height:12.25pt'> <td width="413" valign="top" style='width:247.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&#160; Accumulated depreciation</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160;&#160;&#160; (362)</p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160;&#160;&#160; (305)</p> </td> </tr> <tr style='height:12.25pt'> <td width="413" valign="top" style='width:247.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&#160; Syndication fees</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160; 25,796</p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160; 25,796</p> </td> </tr> <tr style='height:12.25pt'> <td width="413" valign="top" style='width:247.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>&#160; Other</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160; <u>&#160;&#160;&#160;</u><u>460</u></p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160;&#160;&#160; <u>&#160;</u><u>3,158</u><u> </u></p> </td> </tr> <tr style='height:12.25pt'> <td width="413" valign="top" style='width:247.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt;text-align:justify'>Net assets - tax basis</p> </td> <td width="173" valign="top" style='width:103.5pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160; $ <u>24,411</u></p> </td> <td width="165" valign="top" style='width:99.0pt;padding:0in 5.4pt 0in 5.4pt;height:12.25pt'> <p style='margin:0in;margin-bottom:.0001pt'>&#160;&#160;&#160; $ <u>27,532</u></p> </td> </tr> </table> 907143.6 265000 143000 41000 156.60 1198.90 907143.60 907300.20 907300.20 908499.1 44000 33000 213000 213000 174000 134000 40000 40000 39000 11593000 127000 119000 241000 259000 34000 68000 344000 125000 110000 405000 27000 4000 75000 222000 249000 187000 29000 25000 574447.25 0.6332 20000 417000 24000 7456000 5160000 3038000 265000 10391000 10563000 68000 0.0617 2017-10-01 9414000 183000 194000 207000 220000 9587000 10391000 10391000 3660000 8540000 1618000 3660000 10158000 13818000 5053000 13609000 14027000 301000 632000 -92000 -1050000 13818000 13609000 4489000 4939000 656000 600000 -92000 -1050000 5053000 4489000 92000 1050000 92000 1050000 14952000 14660000 5415000 4794000 -449000 -595000 -2771000 35000 51000 -3000 8000 66000 365000 -3122000 -171000 -3.41 -0.19 -2617000 -2168000 1134000 1051000 -362000 -305000 25796000 25796000 460000 3158000 24411000 27532000 0000719184 2012-01-01 2012-12-31 0000719184 2012-12-31 0000719184 2011-12-31 0000719184 2011-01-01 2011-12-31 0000719184 us-gaap:GeneralPartnerMember 2011-01-01 2011-12-31 0000719184 us-gaap:LimitedPartnerMember 2011-01-01 2011-12-31 0000719184 us-gaap:GeneralPartnerMember 2011-12-31 0000719184 us-gaap:LimitedPartnerMember 2011-12-31 0000719184 us-gaap:GeneralPartnerMember 2012-01-01 2012-12-31 0000719184 us-gaap:LimitedPartnerMember 2012-01-01 2012-12-31 0000719184 us-gaap:GeneralPartnerMember 2012-12-31 0000719184 us-gaap:LimitedPartnerMember 2012-12-31 0000719184 2010-12-31 0000719184 us-gaap:GeneralPartnerMember 2010-12-31 0000719184 us-gaap:LimitedPartnerMember 2010-12-31 0000719184 us-gaap:MortgagesMember 2012-01-01 2012-12-31 0000719184 us-gaap:MortgagesMember 2012-12-31 0000719184 us-gaap:MortgagesMember 2011-12-31 iso4217:USD shares iso4217:USD shares pure EX-101.CAL 3 ccip2-20121231_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 4 ccip2-20121231_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 5 ccip2-20121231_lab.xml XBRL TAXONOMY EXTENSION LABELS LINKBASE DOCUMENT Federal taxable income (loss) Long-term Debt, Maturities, Repayments of Principal in Year Two Equity in loss of Affiliated Partnership Cash concentration accounts - held by affiliated management company Abandoned Units Repayment of advances from affiliate Property improvements and replacements Partners' Deficit Mortgage note payable Entity Voluntary Filers Accumulated Depreciation book tax differences Retired personal property cost basis Long-term Debt, Maturities, Repayments of Principal in Year Four Debt Instrument, Maturity Date Debt Instrument, Periodic Payment Long-term Debt, Type Limited Partnership Units owned by Affiliates Property management fees - Related Party Amortization expense for the year 2013 Investment Property and Accumulated Depreciation Subsequent Events Due to affiliates {1} Due to affiliates Total expenses Total expenses Statements of Operations Accrued property taxes Entity Registrant Name Other balance sheet book tax differences Debt Instrument, Interest Rate, Stated Percentage Unpaid reimbursements owed - Related Party Outstanding Limited Partnership Units Investment Property Initial Costs and associated Debt Schedule of Maturities of Long-term Debt Depreciation {1} Depreciation Policies Advances from affiliate Accrued property taxes {1} Accrued property taxes Interest Due to affiliates Document Period End Date Document Type Investment Property Accumulated Depreciation Federal Tax Basis Real Estate and Accumulated Depreciation, Initial Cost of Land Long-term Debt, Maturities, Repayments of Principal in Year Three Advertising Expense Income from discontinued operations - 2011 casualty gain from 2010 property sale Reconciliation of Book Income (Loss) to Federal Taxable Income (Loss) Tables/Schedules Proceeds from merger of affiliated partnership Limited Partners Series A Per Series A unit: Net loss allocated to general partner (1%) Property taxes Operating Total revenues Total revenues Other income Depreciation book tax differences Long-term Debt, Type {1} Long-term Debt, Type Mortgages Settlement proceeds received pre 2011 related to 2008 casualty Insurance expense - Related Party Abandoned Limited Partnership Units Advertising Costs Note A - Organization and Summary of Significant Accounting Policies Other liabilities {1} Other liabilities Bad debt expense Amortization of loan costs Depreciation Buildings and related personal property Statement {1} Statement Current Fiscal Year End Date Federal taxable income (loss) per Series A limited partnership unit Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements Principal Balance Due at Maturity Impairment loss in Affiliated Partnership Segment Reporting, Policy Net cash provided by (used in) financing activities Net cash provided by (used in) financing activities Entity Current Reporting Status Syndication Fees book tax differences Retired personal property accumulated depreciation Investment Property Accumulated Depreciation Beginning of Year Limited Partnership Percentage owned by Affiliates Advances received from affiliates - Related Party Deferred Finance Costs, Gross Note E - Mortgage Note Payable Income from merger of affiliated partnership {1} Income from merger of affiliated partnership Statement, Equity Components Less accumulated depreciation Entity Central Index Key Net assets (liabilities) Federal tax basis Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months Schedule of Mortgage Note Payable Use of Estimates Basis of Presentation Note I - Contingencies Insurance proceeds received Receivables and deposits {1} Receivables and deposits Revenues: Total partners' deficit Total partners' deficit Tenant security deposit liabilities Total assets Total assets Cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Document and Entity Information Prepaid rental book tax differences Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment Real Estate and Accumulated Depreciation, Accumulated Depreciation Real Estate and Accumulated Depreciation, Amount of Encumbrances Long-term Debt Repayment of advances & accrued interest - Related Party Reclassifications Deferred Costs {1} Deferred Costs Cash and Cash Equivalents Note F - Investment Property and Accumulated Depreciation Statement of Shareholders Deficit Net loss allocated to limited partners (Series A) (99%) Income from discontinued operations General and administrative Expenses: Assets {1} Assets Net assets (liabilities) reported per book Property, Plant and Equipment, Gross Insurance proceeds received pre 2011 related to 2008 casualty Fair value mortgage notes - Level 2 Accumulated Amortization, Deferred Finance Costs Limited Partnership Units outstanding at beginning of year - per unit calculations Net Loss Per Limited Partnership Unit Note B - Transactions With Affiliated Parties Tenant security deposit liabilities {1} Tenant security deposit liabilities Adjustments to reconcile net loss to net cash provided by operating activities: Entity Filer Category Investment Property Assets Beginning of Year Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements Real Estate and Accumulated Depreciation, Carrying Amount of Land Income from merger of affiliated partnership {2} Income from merger of affiliated partnership Accountable administrative expense reimbursement - Related Party Fair Value of Financial Instruments Note H - Distributions Net cash provided by operating activities Net cash provided by operating activities Net loss {1} Net loss General Partner Income from merger of affiliated partnership Loss before equity in loss from investments, impairment loss, income from discontinued operations and income from merger of affiliated partnership Investment property, net Investment property, net Balance Sheets Details Distribtuion to partners Equity in loss from investments {1} Equity in loss from investments Other liabilities Land Other assets Receivables and deposits Amendment Flag Long-term Debt, Maturities, Repayments of Principal in Year Five Additional insurance proceeds received in 2011 related to 2008 casualty Unpaid advances & accrued interest - Related Party Reconciliation of Book Net Assets (Liabilities) to Tax Basis Net Assets (Liabilities) Note G - Income Taxes Net increase (decrease) in cash and cash equivalents Net increase (decrease) in cash and cash equivalents Other assets {1} Other assets Impairment loss Cash flows from operating activities: Loss before discontinued operations per limited partnership unit General partner Statement Document Fiscal Year Focus Other book tax differences 2008 Casualty total damage costs incurred pre 2011 Amortization expense for the year Allocation of Income, Loss and Distributions Income Taxes Note D - Casualty Event Cash flows from financing activities: Equity in loss from investments Total liabilities and partners' deficit Total liabilities and partners' deficit Liabilities and Partner's Deficit Total investment property Total investment property Entity Well-known Seasoned Issuer Building and Land book tax differences Property, Plant and Equipment, Transfers and Changes Property Improvements Additions for the Year Construction management service reimbursements capitalized - Related Party Tenant Security Deposits Organization Note C - Investment in Affiliated Partnership Notes Cash paid for interest Statements of Cash Flows Partners' deficit, beginning balance Partners' deficit, beginning balance Partners' deficit, ending balance Net loss per limited partnership unit Net loss per limited partnership unit Impairment loss on investment Rental income Limited partners Liabilities {1} Liabilities Investment Property Gross Cost Federal Tax Basis Interest expense on advances - Related Party Leases Investment Property Cash flows from investing activities: Change in accounts: Income from discontinued operations per limited partnership unit Accounts payable Loss on merger of affiliated partnership book tax differences Accumulated Depreciation, Depletion and Amortization, Reclassifications of Property, Plant and Equipment Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements Long-term Debt, Gross Reconciliation of Investment Property and Accumulated Depreciation Going Concern Property improvements and replacements included in accounts payable Supplemental disclosure of non-cash activity: Supplemental disclosure of cash flow information: Principal payments on mortgage note payable Net cash used in investing activities Net cash used in investing activities Accounts payable {1} Accounts payable Casualty gain Equity Component Net loss Net loss Total liabilities Total liabilities Distributions payable Investment property: Document Fiscal Period Focus Entity Common Stock, Shares Outstanding EX-101.PRE 6 ccip2-20121231_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT EX-101.SCH 7 ccip2-20121231.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 000520 - Disclosure - Note E - Mortgage Note Payable: Schedule of Maturities of Long-term Debt (Details) link:presentationLink link:definitionLink link:calculationLink 000110 - Disclosure - Note F - Investment Property and Accumulated Depreciation link:presentationLink link:definitionLink link:calculationLink 000230 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Abandoned Units (Policies) link:presentationLink link:definitionLink link:calculationLink 000400 - Disclosure - Note G - Income Taxes: Reconciliation of Book Net Assets (Liabilities) to Tax Basis Net Assets (Liabilities) (Tables) link:presentationLink link:definitionLink link:calculationLink 000240 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Net Loss Per Limited Partnership Unit (Policies) link:presentationLink link:definitionLink link:calculationLink 000360 - Disclosure - Note F - Investment Property and Accumulated Depreciation: Investment Property Initial Costs and associated Debt (Tables) link:presentationLink link:definitionLink link:calculationLink 000540 - Disclosure - Note F - Investment Property and Accumulated Depreciation: Investment Property and Accumulated Depreciation (Details) link:presentationLink link:definitionLink link:calculationLink 000470 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Details) link:presentationLink link:definitionLink link:calculationLink 000390 - Disclosure - Note G - Income Taxes: Reconciliation of Book Income (Loss) to Federal Taxable Income (Loss) (Tables) link:presentationLink link:definitionLink link:calculationLink 000500 - Disclosure - Note D - Casualty Event (Details) link:presentationLink link:definitionLink link:calculationLink 000100 - Disclosure - Note E - Mortgage Note Payable link:presentationLink link:definitionLink link:calculationLink 000020 - Statement - Balance Sheets link:presentationLink link:definitionLink link:calculationLink 000270 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Tenant Security Deposits (Policies) link:presentationLink link:definitionLink link:calculationLink 000550 - Disclosure - Note F - Investment Property and Accumulated Depreciation: Reconciliation of Investment Property and Accumulated Depreciation (Details) link:presentationLink link:definitionLink link:calculationLink 000560 - Disclosure - Note F - Investment Property and Accumulated Depreciation (Details) link:presentationLink link:definitionLink link:calculationLink 000070 - Disclosure - Note B - Transactions With Affiliated Parties link:presentationLink link:definitionLink link:calculationLink 000350 - Disclosure - Note E - Mortgage Note Payable: Schedule of Maturities of Long-term Debt (Tables) link:presentationLink link:definitionLink link:calculationLink 000250 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Depreciation (Policies) link:presentationLink link:definitionLink link:calculationLink 000440 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Net Loss Per Limited Partnership Unit (Details) link:presentationLink link:definitionLink link:calculationLink 000460 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Deferred Costs (Details) link:presentationLink link:definitionLink link:calculationLink 000001 - Document - Dimensions link:presentationLink link:definitionLink link:calculationLink 000300 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Deferred Costs (Policies) link:presentationLink link:definitionLink link:calculationLink 000290 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Advertising Costs (Policies) link:presentationLink link:definitionLink link:calculationLink 000310 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies) link:presentationLink link:definitionLink link:calculationLink 000570 - Disclosure - Note G - Income Taxes: Reconciliation of Book Income (Loss) to Federal Taxable Income (Loss) (Details) link:presentationLink link:definitionLink link:calculationLink 000510 - Disclosure - Note E - Mortgage Note Payable: Schedule of Mortgage Note Payable (Details) link:presentationLink link:definitionLink link:calculationLink 000330 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Reclassifications (Policies) link:presentationLink link:definitionLink link:calculationLink 000050 - Statement - Statements of Cash Flows link:presentationLink link:definitionLink link:calculationLink 000490 - Disclosure - Note C - Investment in Affiliated Partnership (Details) link:presentationLink link:definitionLink link:calculationLink 000410 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Basis of Presentation (Details) link:presentationLink link:definitionLink link:calculationLink 000320 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Segment Reporting, Policy (Policies) link:presentationLink link:definitionLink link:calculationLink 000370 - Disclosure - Note F - Investment Property and Accumulated Depreciation: Investment Property and Accumulated Depreciation (Tables) link:presentationLink link:definitionLink link:calculationLink 000430 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Abandoned Units (Details) link:presentationLink link:definitionLink link:calculationLink 000210 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Income Taxes (Policies) link:presentationLink link:definitionLink link:calculationLink 000220 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Allocation of Income, Loss and Distributions (Policies) link:presentationLink link:definitionLink link:calculationLink 000480 - Disclosure - Note B - Transactions With Affiliated Parties (Details) link:presentationLink link:definitionLink link:calculationLink 000260 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Investment Property (Policies) link:presentationLink link:definitionLink link:calculationLink 000160 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Going Concern (Policies) link:presentationLink link:definitionLink link:calculationLink 000130 - Disclosure - Note H - Distributions link:presentationLink link:definitionLink link:calculationLink 000120 - Disclosure - Note G - Income Taxes link:presentationLink link:definitionLink link:calculationLink 000200 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies) link:presentationLink link:definitionLink link:calculationLink 000420 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Cash and Cash Equivalents (Details) link:presentationLink link:definitionLink link:calculationLink 000010 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 000190 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Use of Estimates (Policies) link:presentationLink link:definitionLink link:calculationLink 000150 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Organization (Policies) link:presentationLink link:definitionLink link:calculationLink 000030 - Statement - Statements of Operations link:presentationLink link:definitionLink link:calculationLink 000170 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Subsequent Events (Policies) link:presentationLink link:definitionLink link:calculationLink 000340 - Disclosure - Note E - Mortgage Note Payable: Schedule of Mortgage Note Payable (Tables) link:presentationLink link:definitionLink link:calculationLink 000450 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Advertising Costs (Details) link:presentationLink link:definitionLink link:calculationLink 000530 - Disclosure - Note F - Investment Property and Accumulated Depreciation: Investment Property Initial Costs and associated Debt (Details) link:presentationLink link:definitionLink link:calculationLink 000140 - Disclosure - Note I - Contingencies link:presentationLink link:definitionLink link:calculationLink 000280 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Leases (Policies) link:presentationLink link:definitionLink link:calculationLink 000580 - Disclosure - Note G - Income Taxes: Reconciliation of Book Net Assets (Liabilities) to Tax Basis Net Assets (Liabilities) (Details) link:presentationLink link:definitionLink link:calculationLink 000060 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies link:presentationLink link:definitionLink link:calculationLink 000080 - Disclosure - Note C - Investment in Affiliated Partnership link:presentationLink link:definitionLink link:calculationLink 000180 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Basis of Presentation (Policies) link:presentationLink link:definitionLink link:calculationLink 000380 - Disclosure - Note F - Investment Property and Accumulated Depreciation: Reconciliation of Investment Property and Accumulated Depreciation (Tables) link:presentationLink link:definitionLink link:calculationLink 000090 - Disclosure - Note D - Casualty Event link:presentationLink link:definitionLink link:calculationLink 000040 - Statement - Statement of Shareholders Deficit link:presentationLink link:definitionLink link:calculationLink EX-31.1 8 ccip21212_ex311.htm EXHIBIT 31.1

Exhibit 31.1

CERTIFICATION

I, Steven D. Cordes, certify that:

1.    I have reviewed this annual report on Form 10-K of Consolidated Capital Institutional Properties/2, LP;

2.    Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.    Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4.    The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)), for the registrant and have:

 

(a)   Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b)   Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c)   Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d)   Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

 

5.    The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

 

(a)   All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and


EX-31.2 9 ccip21212_ex312.htm EXHIBIT 31.2

Exhibit 31.2

CERTIFICATION

I, Stephen B. Waters, certify that:

1.    I have reviewed this annual report on Form 10-K of Consolidated Capital Institutional Properties/2, LP;

2.    Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.    Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4.    The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)), for the registrant and have:

 

(a)   Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b)   Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c)   Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d)   Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

 

5.    The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

 

(a)     All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

 

(b)   Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 

Date: March 13, 2013

/s/Stephen B. Waters

Stephen B. Waters

Senior Director of Partnership Accounting of ConCap Equities, Inc., equivalent of the chief financial officer of the Partnership

 

EX-32.1 10 ccip21212_ex321.htm EXHIBIT 32.1

Exhibit 32.1

 

 

Certification of CEO and CFO

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 Annual Report on Form 10-K of Consolidated Capital Institutional Properties/2, LP (the "Partnership"), for the fiscal year ended December 31, 2012 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), Steven D. Cordes, as the equivalent of the Chief Executive Officer of the Partnership, and Stephen B. Waters, as the equivalent of the Chief Financial Officer of the Partnership, each hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of his knowledge:

 

(1)   The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

(2)   The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Partnership.

 

 

 

      /s/Steven D. Cordes

 

Name: Steven D. Cordes

 

Date: March 13, 2013

 

 

 

      /s/Stephen B. Waters

 

Name: Stephen B. Waters

 

Date: March 13, 2013

 

 

This certification is furnished with this Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed filed by the Partnership for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

 

XML 11 R39.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note G - Income Taxes: Reconciliation of Book Income (Loss) to Federal Taxable Income (Loss) (Tables)
12 Months Ended
Dec. 31, 2012
Tables/Schedules  
Reconciliation of Book Income (Loss) to Federal Taxable Income (Loss)

 

 

2012

2011

 

 

 

Net loss as reported

  $    (449)

  $    (595)

Add (deduct):

 

 

Loss on merger of affiliated partnership

     (2,771)

         --

  Depreciation differences

         35

         51

  Change in prepaid rental

         (3)

          8

  Other

         66

        365

 

 

 

Federal taxable loss

  $  (3,122)

  $    (171)

 

 

 

Federal taxable loss per Series A unit holder

  $   (3.41)

  $   (0.19)

XML 12 R54.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note F - Investment Property and Accumulated Depreciation: Investment Property and Accumulated Depreciation (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Real Estate and Accumulated Depreciation, Carrying Amount of Land $ 3,660
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements 10,158
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements 13,818
Real Estate and Accumulated Depreciation, Accumulated Depreciation $ 5,053
XML 13 R48.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note B - Transactions With Affiliated Parties (Details) (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Property management fees - Related Party $ 127,000 $ 119,000
Accountable administrative expense reimbursement - Related Party 241,000 259,000
Construction management service reimbursements capitalized - Related Party 34,000 68,000
Unpaid reimbursements owed - Related Party 344,000 125,000
Advances received from affiliates - Related Party 110,000 405,000
Interest expense on advances - Related Party 27,000 4,000
Repayment of advances & accrued interest - Related Party 75,000 222,000
Unpaid advances & accrued interest - Related Party 249,000 187,000
Insurance expense - Related Party $ 29,000 $ 25,000
Limited Partnership Units owned by Affiliates 574,447.25  
Limited Partnership Percentage owned by Affiliates 63.32%  
XML 14 R55.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note F - Investment Property and Accumulated Depreciation: Reconciliation of Investment Property and Accumulated Depreciation (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Investment Property Assets Beginning of Year $ 13,609 $ 14,027
Property Improvements Additions for the Year 301 632
Property, Plant and Equipment, Transfers and Changes (92) (1,050)
Property, Plant and Equipment, Gross 13,818 13,609
Investment Property Accumulated Depreciation Beginning of Year 4,489 4,939
Depreciation 656 600
Accumulated Depreciation, Depletion and Amortization, Reclassifications of Property, Plant and Equipment (92) (1,050)
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment $ 5,053 $ 4,489
XML 15 R46.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Deferred Costs (Details) (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Deferred Finance Costs, Gross $ 213,000 $ 213,000
Accumulated Amortization, Deferred Finance Costs 174,000 134,000
Amortization expense for the year 40,000 40,000
Amortization expense for the year 2013 $ 39,000  
XML 16 R33.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Reclassifications (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Reclassifications

Reclassifications

 

Certain reclassifications have been made to the 2011 balances to conform to the 2012 presentation.

XML 17 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; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..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 18 R57.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note G - Income Taxes: Reconciliation of Book Income (Loss) to Federal Taxable Income (Loss) (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Net loss $ (449) $ (595)
Loss on merger of affiliated partnership book tax differences (2,771)  
Depreciation book tax differences 35 51
Prepaid rental book tax differences (3) 8
Other book tax differences 66 365
Federal taxable income (loss) $ (3,122) $ (171)
Federal taxable income (loss) per Series A limited partnership unit $ (3.41) $ (0.19)
XML 19 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Depreciation (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Depreciation

Depreciation

 

Depreciation is provided by the straight-line method over the estimated lives of the investment property and related personal property.  For Federal income tax purposes, the modified accelerated cost recovery method is used for depreciation of (1) real property over 27½ years and (2) personal property additions over 5 years. 

XML 20 R50.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note D - Casualty Event (Details) (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
2008 Casualty total damage costs incurred pre 2011   $ 7,456,000
Insurance proceeds received pre 2011 related to 2008 casualty   5,160,000
Settlement proceeds received pre 2011 related to 2008 casualty   3,038,000
Additional insurance proceeds received in 2011 related to 2008 casualty $ 265,000  
XML 21 R42.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Cash and Cash Equivalents (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Cash concentration accounts - held by affiliated management company $ 143,000 $ 41,000
XML 22 R37.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note F - Investment Property and Accumulated Depreciation: Investment Property and Accumulated Depreciation (Tables)
12 Months Ended
Dec. 31, 2012
Tables/Schedules  
Investment Property and Accumulated Depreciation

 

 

Gross Amount At Which Carried

 

 

 

 

 

At December 31, 2012

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Buildings

 

 

 

 

 

 

 

And Related

 

 

 

 

 

 

 

Personal

 

Accumulated

Date of

Date

Depreciable

Description

Land

Properties

Total

Depreciation

Construction

Acquired

Life

 

 

 

 

 

 

 

 

Highcrest Townhomes

$ 3,660

$10,158

$13,818

$ 5,053

1968

08/22/02

5-30 yrs

XML 23 R52.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note E - Mortgage Note Payable: Schedule of Maturities of Long-term Debt (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months $ 183
Long-term Debt, Maturities, Repayments of Principal in Year Two 194
Long-term Debt, Maturities, Repayments of Principal in Year Three 207
Long-term Debt, Maturities, Repayments of Principal in Year Four 220
Long-term Debt, Maturities, Repayments of Principal in Year Five 9,587
Long-term Debt $ 10,391
XML 24 R47.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Details) (USD $)
Dec. 31, 2012
Fair value mortgage notes - Level 2 $ 11,593,000
XML 25 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note D - Casualty Event
12 Months Ended
Dec. 31, 2012
Notes  
Note D - Casualty Event

Note D – Casualty Event

 

During 2008, Glenbridge Manor Apartments experienced significant ground movement causing damage to three buildings, water pipes and sewer lines. The total damages were approximately $7,456,000. Prior to 2011, the Partnership received approximately $5,160,000 of insurance proceeds and approximately $3,038,000 in reimbursement of attorneys’ fees from successful litigation against the general contractor, soils engineer and retaining wall contractor. During the year ended December 31, 2011, the Partnership received approximately $265,000 of additional insurance proceeds, which is included in income from discontinued operations.

EXCEL 26 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\W-#$P.38R8E]D,SDY7S0S-3A?.39E.5]C9F8W M8V(R-F(Q-S,B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I7;W)K#I7;W)K#I7;W)KF%T:6]N7V%N9%]3=6UM87(\+W@Z M3F%M93X-"B`@("`\>#I7;W)K#I7;W)K#I7;W)K#I7;W)K#I%>&-E;%=O#I%>&-E;%=O#I.86UE/@T*("`@(#QX M.E=O#I%>&-E;%=O M#I.86UE/DYO=&5?2%]$:7-T#I%>&-E;%=O#I7;W)KF%T:6]N7V%N9%]3=6UM87(Q/"]X.DYA;64^ M#0H@("`@/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO=&5?05]/#I7;W)KF%T:6]N7V%N9%]3=6UM87(T/"]X.DYA;64^#0H@("`@/'@Z5V]R:W-H M965T4V]U#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=OF%T:6]N7V%N9%]3 M=6UM87(W/"]X.DYA;64^#0H@("`@/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O M#I.86UE/@T*("`@ M(#QX.E=O#I%>&-E M;%=O#I.86UE/DYO=&5?05]/#I7;W)KF%T:6]N7V%N9%]3=6UM87(Q,#PO>#I.86UE M/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO=&5?05]/#I%>&-E;%=O#I7;W)KF%T:6]N7V%N9%]3=6UM87(Q,SPO>#I.86UE/@T*("`@(#QX.E=O M#I%>&-E;%=O#I.86UE/DYO=&5?05]/#I%>&-E;%=O M#I7;W)KF%T:6]N M7V%N9%]3=6UM87(Q-CPO>#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO=&5?05]/#I%>&-E;%=O#I7;W)KF%T:6]N7V%N9%]3=6UM87(Q M.3PO>#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO=&5?15]-;W)T9V%G95].;W1E7U!A>6%B M;&5?4S$\+W@Z3F%M93X-"B`@("`\>#I7;W)K5]A;F0Q/"]X.DYA;64^#0H@("`@ M/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O#I%>&-E;%=O#I. M86UE/DYO=&5?1E]);G9E#I7;W)K&5S7U)E8V]N8VEL:6$\+W@Z3F%M93X-"B`@("`\>#I7;W)K&5S7U)E8V]N8VEL:6$Q/"]X.DYA M;64^#0H@("`@/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O#I7;W)KF%T:6]N7V%N9%]3=6UM87(R M,3PO>#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I7;W)KF%T:6]N7V%N9%]3=6UM87(R-#PO>#I.86UE/@T* M("`@(#QX.E=O#I% M>&-E;%=O#I.86UE/DYO=&5?05]/#I%>&-E;%=O#I7;W)K#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO M=&5?15]-;W)T9V%G95].;W1E7U!A>6%B;&5?4S,\+W@Z3F%M93X-"B`@("`\ M>#I7;W)K5]A;F0T/"]X.DYA;64^#0H@("`@/'@Z5V]R:W-H965T4V]U#I%>&-E M;%=O#I.86UE/@T* M("`@(#QX.E=O#I% M>&-E;%=O#I.86UE/DYO=&5?1E]);G9E#I7;W)K5]A;F0W/"]X.DYA M;64^#0H@("`@/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO=&5?1U]);F-O;65?5&%X97-?4F5C;VYC:6QI83,\ M+W@Z3F%M93X-"B`@("`\>#I7;W)K#I3='EL97-H965T($A2 M968],T0B5V]R:W-H965T3X-"CPO:'1M;#X- M"@T*+2TM+2TM/5].97AT4&%R=%\W-#$P.38R8E]D,SDY7S0S-3A?.39E.5]C M9F8W8V(R-F(Q-S,-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-S0Q M,#DV,F)?9#,Y.5\T,S4X7SDV93E?8V9F-V-B,C9B,3'0O:'1M;#L@8VAA2!296=I"!+97D\+W1D/@T*("`@("`@("`\=&0@8VQA2!# M;VUM;VX@4W1O8VLL(%-H87)E2!#=7)R96YT(%)E<&]R=&EN9R!3 M=&%T=7,\+W1D/@T*("`@("`@("`\=&0@8VQA2!&:6QE'0^,C`Q,CQS<&%N/CPO'0^1ED\'0O:F%V87-C M3X-"B`@("`\=&%B;&4@ M8VQA'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$3X-"CPO:'1M M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\W-#$P.38R8E]D,SDY7S0S-3A?.39E M.5]C9F8W8V(R-F(Q-S,-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO M-S0Q,#DV,F)?9#,Y.5\T,S4X7SDV93E?8V9F-V-B,C9B,3'0O:'1M;#L@8VAA M2!I;B!L;W-S(&9R;VT@:6YV97-T;65N=',\+W1D M/@T*("`@("`@("`\=&0@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA3X-"CPO:'1M;#X-"@T* M+2TM+2TM/5].97AT4&%R=%\W-#$P.38R8E]D,SDY7S0S-3A?.39E.5]C9F8W M8V(R-F(Q-S,-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-S0Q,#DV M,F)?9#,Y.5\T,S4X7SDV93E?8V9F-V-B,C9B,3'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C M:&%R'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$2!O<&5R871I;F<@86-T:79I=&EE2!G86EN/"]T9#X-"B`@("`@ M("`@/'1D(&-L87-S/3-$;G5M<#XP/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S6%B;&4\+W1D/@T*("`@("`@("`\=&0@ M8VQA&5S/"]T M9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XQ.#QS<&%N/CPO6%B;&4\+W1D/@T*("`@("`@("`\=&0@8VQA'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6%B;&4\+W1D/@T* M("`@("`@("`\=&0@8VQA3X- M"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\W-#$P.38R8E]D,SDY7S0S M-3A?.39E.5]C9F8W8V(R-F(Q-S,-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z M+R\O0SHO-S0Q,#DV,F)?9#,Y.5\T,S4X7SDV93E?8V9F-V-B,C9B,3'0O:'1M M;#L@8VAA2!O9B!3:6=N:69I8V%N="!!8V-O=6YT:6YG(%!O;&EC:65S/&)R/CPO2!O9B!3:6=N:69I8V%N M="!!8V-O=6YT:6YG(%!O;&EC:65S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S M/3-$=&5X=#X\(2TM96=X+2T^/'`@6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y M/CQB/CQU/DYO=&4@02`M($]R9V%N:7IA=&EO;B!A;F0@4W5M;6%R>2!O9B!3 M:6=N:69I8V%N="!!8V-O=6YT:6YG(%!O;&EC:65S/"]U/CPO8CX\+W`^(#QP M('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/'`@F%T:6]N(#PO=3X\+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N M8G-P.SPO<#X@/'`@2`H)G%U;W0[06EM8V\F<75O=#LI M+"!A('!U8FQI8VQY('1R861E9"!R96%L(&5S=&%T92!I;G9E2`R,BP@,3DX,RXF(S$V M,#L@5&AE(%!A2!O=VYS(&%N9"!O<&5R871E M2!L;V-A=&5D M(&EN($EL;&EN;VES+B8C,38P.R!4:&4@1V5N97)A;"!087)T;F5R(&ES(&-U M2!E=F%L=6%T:6YG(&ET6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/'`@'0M86QI9VXZ:G5S M=&EF>3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/E1H92!087)T;F5R M2!I;F-L=61E(&$@'!I2X\+W`^(#QP M('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0^)FYB M6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0^)FYB'0M86QI9VXZ:G5S=&EF>3Y4:&4@4&%R=&YE6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/CQU/D)A M'0M86QI9VXZ:G5S=&EF M>3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/E1H92!A8V-O;7!A;GEI M;F<@2!G86EN(')E8V]G;FEZ960@:6X@,C`Q,2!W:71H(')E'0M86QI M9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/CQU/E5S M92!O9B!%'0M86QI9VXZ:G5S=&EF>3Y4:&4@<')E<&%R871I;VX@;V8@ M9FEN86YC:6%L('-T871E;65N=',@:6X@8V]N9F]R;6ET>2!W:71H(&%C8V]U M;G1I;F<@<')I;F-I<&QE3XF M;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/CQU/D-A'0M86QI9VXZ:G5S=&EF>3Y#87-H(&%N9"!C87-H(&5Q=6EV86QE M;G1S(&EN8VQU9&4@8V%S:"!O;B!H86YD(&%N9"!I;B!B86YK'0M86QI9VXZ M:G5S=&EF>3X\=3Y);F-O;64@5&%X97,@/"]U/CPO<#X@/'`@'0M86QI9VXZ:G5S=&EF>3Y.;R!P&5S(&)E8V%U2!B>2!T:&4@4&%R=&YE'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#QP('-T M>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIJ=7-T:69Y/CQU/E!A6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/'`@"!R97!O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/'`@6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N M8G-P.SPO<#X@/'`@'0M86QI9VXZ:G5S=&EF>3XF M;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/CQU/DYE="!,;W-S(%!E'0M86QI9VXZ:G5S=&EF>3Y.970@;&]S2!D:79I9&EN9R!N970@;&]S65A'0M86QI9VXZ M:G5S=&EF>3X\=3Y$97!R96-I871I;VX@/"]U/CPO<#X@/'`@'0M86QI9VXZ:G5S=&EF>3Y$97!R96-I871I M;VX@:7,@<')O=FED960@8GD@=&AE('-T2!A;F0@2XF(S$V,#L@1F]R M($9E9&5R86P@:6YC;VUE('1A>"!P=7)P;W-E2!O=F5R(#(W)B,Q.#D[ M('EE87)S(&%N9"`H,BD@<&5R'0M86QI9VXZ:G5S=&EF>3XF;F)S M<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/CQU/DEN=F5S=&UE;G0@<')O<&5R M='D@/"]U/CPO<#X@/'`@'0M M86QI9VXZ:G5S=&EF>3Y);G9E"!A;F0@:7,@F5D(&-O2!R97!A:7)S+"!M86EN M=&5N86YC92!A;F0@3Y) M9B!E=F5N=',@;W(@8VER8W5M6EN9R!A;6]U;G0@;V8@=&AE('!R;W!E2!N;W0@8F4@&-L=61I;F<@:6YT97)E6EN9R!A;6]U M;G0@97AC965D6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/'`@ M6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/'`@6UE;G1S+B`\+W`^(#QP('-T>6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG M;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/'`@6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/'`@ M2!L96%S M97,@87!A3XF;F)S<#L\ M+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[=&5X="UA;&EG;CIJ=7-T:69Y/CQU/D%D=F5R=&ES:6YG($-O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/'`@2P@=V5R92!C:&%R9V5D('1O(&5X<&5N3X\=3Y$969E'0M86QI9VXZ:G5S=&EF M>3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/DQO86X@8V]S=',@;V8@ M87!P2`D,C$S+#`P,"!A="!B;W1H($1E8V5M8F5R(#,Q+"`R M,#$R(&%N9"`R,#$Q+"!L97-S(&%C8W5M=6QA=&5D(&%M;W)T:7IA=&EO;B!O M9B!A<'!R;WAI;6%T96QY("0Q-S0L,#`P(&%N9"`D,3,T+#`P,"P@6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/'`@F%T:6]N(&5X<&5N&EM871E;'D@)#0P+#`P M,"!F;W(@8F]T:"!T:&4@>65A'!E;G-E M+B!!;6]R=&EZ871I;VX@97AP96YS92!I'!E8W1E9"!T;R!B92!A<'!R M;WAI;6%T96QY("0S.2PP,#`@9F]R(#(P,3,N(#PO<#X@/'`@'0M86QI9VXZ:G5S=&EF>3Y,96%S:6YG(&-O M;6UIF5D(&]V97(@=&AE('1EF%T:6]N(&]F('1H97-E M(&-O'!E;G-E'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T M:69Y/CQU/D9A:7(@5F%L=64@;V8@1FEN86YC:6%L($EN6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/'`@&-H86YG960@:6X@82!C M=7)R96YT('1R86YS86-T:6]N(&)E='=E96X@=VEL;&EN9R!P87)T:65S+"!O M=&AE2!T:&5S92!F M86ER('9A;'5E(&UE87-U2X@ M)B,Q-C`[5&AE(%!A&-E M<'0@9F]R('1H92!M;W)T9V%G92!N;W1E('!A>6%B;&4I(&%P<')O>&EM871E M2XF;F)S<#M!="!$96-E;6)E6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/'`@'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\ M+W`^(#QP(&%L:6=N/3-$;&5F="!S='EL93TS1&UA3MT97AT+6%L:6=N M.FQE9G0^/'4^4F5C;&%S6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y.W1E>'0M86QI9VXZ M;&5F=#Y#97)T86EN(')E8VQA7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S M+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE M<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA M'0M86QI9VXZ M:G5S=&EF>3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/E1H92!087)T M;F5R'!E M;G-E2!A9F9I;&EA=&5S(&]N(&)E:&%L9B!O9B!T:&4@ M4&%R=&YE'0M86QI9VXZ:G5S=&EF>3Y!9F9I;&EA=&5S(&]F('1H92!' M96YE&EM871E;'D@)#$R-RPP,#`@86YD("0Q,3DL,#`P(&9O65A2P@=VAI8V@@87)E(&EN8VQU9&5D(&EN(&]P97)A=&EN9R!E>'!E M;G-E6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/'`@'!E;G-E2X@5&AE('!O2X@070@1&5C96UB97(@,S$L(#(P,3(@86YD(#(P,3$L M('1H92!087)T;F5R&EM871E;'D@)#,T-"PP,#`@ M86YD("0Q,C4L,#`P+"!R97-P96-T:79E;'DL(&9O'0M86QI9VXZ:G5S=&EF>3XF;F)S M<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/E!U2`D,3$P+#`P,"!A;F0@)#0P M-2PP,#`@9'5R:6YG('1H92!Y96%R&5S(&%N9"!C87!I=&%L(&EM<')O=F5M96YT2!T:&4@4&%R=&YE7!E(&QO86YS+B!!9F9I;&EA=&5S(&]F('1H92!'96YE2X@5&AE(&EN=&5R97-T(')A=&4@;VX@=&AE(&]U='-T86YD:6YG(&%D=F%N M8V5S(&%T($1E8V5M8F5R(#,Q+"`R,#$R('=A&EM871E;'D@)#(W+#`P,"!A;F0@)#0L,#`P M(&9O65A2X@1'5R:6YG('1H92!Y96%R2`D,C0Y+#`P,"!A M;F0@)#$X-RPP,#`L(')E2P@86YD(&ES(&EN8VQU9&5D(&EN M(&1U92!T;R!A9F9I;&EA=&5S+B!4:&4@4&%R=&YE&-H86YG92!#;VUM:7-S:6]N+CPO<#X@/'`@6QE/3-$)V)O2P@9F]R(&EN'0M86QI9VXZ:G5S=&EF>3Y);B!A9&1I=&EO;B!T;R!I=',@:6YD M:7)E8W0@;W=N97)S:&EP(&]F('1H92!G96YE2!O9B!T:&4@56YI M=',@87)E(&5N=&ET;&5D('1O('1A:V4@86-T:6]N('=I=&@@2!D=71I97,@=&\@=&AE(&QI;6ET960@ M<&%R=&YE7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\ M:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E M;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ M=7-T:69Y/B9N8G-P.SPO<#X@/'`@F5R;RP@ MF5D(&5Q M=6ET>2!I;B!L;W-S(&9R;VT@=&AE(&]P97)A=&EN9R!R97-U;'1S(&]F('1H M92!I;G9E&EM871E;'D@)#(P+#`P,"X\+W`^(#QP M('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/'`@2`D-#$W+#`P,"!D=7)I M;F<@=&AE('EE87(@96YD960@1&5C96UB97(@,S$L(#(P,3$@=&\@=W)I=&4@ M:71S(&EN=F5S=&UE;G0@:6X@=&AE(&%F9FEL:6%T960@<&%R=&YE&EM871E;'D@ M)#(T+#`P,"!A'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA3X\8CX\=3Y.;W1E($0@)B,Q-3`[($-A'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ M=7-T:69Y/D1U&EM871E;'D@)#&EM871E;'D@)#4L,38P+#`P,"!O9B!I M;G-U&EM871E;'D@)#,L,#,X+#`P M,"!I;B!R96EM8G5R65A&EM871E M;'D@)#(V-2PP,#`@;V8@861D:71I;VYA;"!I;G-U3X-"CPO:'1M;#X-"@T*+2TM M+2TM/5].97AT4&%R=%\W-#$P.38R8E]D,SDY7S0S-3A?.39E.5]C9F8W8V(R M-F(Q-S,-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-S0Q,#DV,F)? M9#,Y.5\T,S4X7SDV93E?8V9F-V-B,C9B,3'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R M'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6%B;&4\+W1D/@T*("`@("`@("`\=&0@8VQA'0M86QI9VXZ:G5S=&EF>3X\8CX\=3Y.;W1E M($4@)B,Q-3`[($UO3Y4:&4@<')I;F-I<&%L('1E6%B;&4@87)E(&%S(&9O;&QO=W,Z/"]P/B`\<"!S='EL93TS1&UA3XF M;F)S<#L\+W`^(#QT86)L92!B;W)D97(],T0P(&-E;&QS<&%C:6YG/3-$,"!C M96QL<&%D9&EN9STS1#`@=VED=&@],T0X-34@'0M86QI9VXZ M:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$P-2!V86QI M9VX],T1B;W1T;VT@'0M86QI M9VXZ8V5N=&5R/E!R:6YC:7!A;"!"86QA;F-E(&%T($1E8V5M8F5R/'4^(#,Q M+"`R,#$R/"]U/CPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3`U(&-O;'-P86X] M,T0R('9A;&EG;CTS1&)O='1O;2!S='EL93TS1"=W:61T:#H@-C,N,'!T.R!P M861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N M=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA;&EG;CIC96YT97(^4')I;F-I<&%L($)A;&%N8V4@870@1&5C96UB M97(\=3X@,S$L(#(P,3$\+W4^/"]P/B`\+W1D/B`\=&0@=VED=&@],T0Q,#4@ M=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`V,RXP<'0[('!A9&1I M;F6UE;G0@26YC;'5D:6YG/'4^($EN M=&5R97-T/"]U/CPO<#X@/"]T9#X@/'1D('=I9'1H/3-$.3`@=F%L:6=N/3-$ M8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`N-S5I;CL@<&%D9&EN9SH@,&EN(#4N M-'!T(#!I;B`U+C1P=#LG/B`\<"!A;&EG;CTS1&-E;G1E'0M86QI9VXZ8V5N M=&5R/E-T871E9"!);G1E6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^36%T=7)I='D\=3X@1&%T92`H M,2D\+W4^/"]P/B`\+W1D/B`\=&0@=VED=&@],T0Q,S4@=F%L:6=N/3-$8F]T M=&]M('-T>6QE/3-$)W=I9'1H.B`X,2XP<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`Q+C6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC M96YT97(^)FYB6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT M97(^)FYB6QE/3-$)W=I9'1H.B`V-RXU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`V M-RXU<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^)FYB6QE/3-$)W=I9'1H.B`V,RXP M<'0[('!A9&1I;F'0M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H M/3-$,3,U('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@.#$N,'!T.R!P M861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N M=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA;&EG;CIC96YT97(^)FYB6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^)#QU/C$P M+#,Y,3PO=3X\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#DX('-T>6QE/3-$)W=I M9'1H.B`U."XU<'0[('!A9&1I;F6QE M/3-$)W=I9'1H.B`V,RXP<'0[('!A9&1I;F6QE/3-$ M)W=I9'1H.B`N-S5I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG M/B`\<"!A;&EG;CTS1&-E;G1E'0M86QI9VXZ8V5N=&5R/C$P+S`Q+S$W/"]P/B`\+W1D/B`\=&0@=VED M=&@],T0Q,S4@'0M86QI9VXZ M8V5N=&5R/B0\=3X@/"]U/CQU/CDL-#$T/"]U/CPO<#X@/"]T9#X@/"]T6QE/3-$8F]R M9&5R.FYO;F4^/"]T9#X@/'1D('=I9'1H/3-$,3`U('-T>6QE/3-$8F]R9&5R M.FYO;F4^/"]T9#X@/'1D('=I9'1H/3-$."!S='EL93TS1&)O6QE/3-$8F]R9&5R.FYO;F4^/"]T M9#X@/'1D('=I9'1H/3-$,3`U('-T>6QE/3-$8F]R9&5R.FYO;F4^/"]T9#X@ M/'1D('=I9'1H/3-$.3`@'0M86QI9VXZ:G5S M=&EF>3MT97AT+6EN9&5N=#HM+C5I;CXH,2DF(S$V,#LF(S$V,#L@36%T=7)I M='D@9&%T92!O9B!T:&4@;6]R=&=A9V4@;F]T92!P87EA8FQE(&5N8W5M8F5R M:6YG($AI9VAC6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P M.SPO<#X@/'`@&5D(')A=&4@;6]R=&=A9V4@=&AA="!I2!A('!L961G92!O9B!T:&4@4&%R=&YE M'0M86QI9VXZ:G5S=&EF>3Y7:&EL92!T:&4@4&%R=&YE M'0M86QI9VXZ M:G5S=&EF>3XF;F)S<#L\+W`^(#QD:78@86QI9VX],T1C96YT97(^(#QT86)L M92!B;W)D97(],T0P(&-E;&QS<&%C:6YG/3-$,"!C96QL<&%D9&EN9STS1#`@ M'0M86QI9VXZ:G5S=&EF>3MT97AT+6%L:6=N.F-E;G1E3MT M97AT+6%L:6=N.F-E;G1E6QE M/3-$)W=I9'1H.B`Q,S`N-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N M-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y.W1E>'0M M86QI9VXZ8V5N=&5R/C(P,30\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$X."!V M86QI9VX],T1T;W`@6QE/3-$)W=I9'1H.B`Q,S`N-7!T.R!P861D:6YG M.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T M>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIJ=7-T:69Y.W1E>'0M86QI9VXZ8V5N=&5R/C(P,34\+W`^(#PO=&0^ M(#QT9"!W:61T:#TS1#$X."!V86QI9VX],T1T;W`@6QE/3-$)W=I9'1H M.B`Q,S`N-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP M(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y.W1E>'0M86QI9VXZ8V5N M=&5R/C(P,38\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$X."!V86QI9VX],T1T M;W`@6QE/3-$)W=I9'1H.B`Q,S`N-7!T.R!P861D:6YG.B`P:6X@-2XT M<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T M:69Y.W1E>'0M86QI9VXZ8V5N=&5R/C(P,3<\+W`^(#PO=&0^(#QT9"!W:61T M:#TS1#$X."!V86QI9VX],T1T;W`@6QE/3-$)W=I9'1H M.B`Q,S`N-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP M(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y.W1E>'0M86QI9VXZ8V5N M=&5R/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3@X('9A;&EG;CTS M1'1O<"!S='EL93TS1"=W:61T:#H@,3$R+C5P=#L@<&%D9&EN9SH@,&EN(#4N M-'!T(#!I;B`U+C1P=#LG/B`\<"!A;&EG;CTS1&-E;G1E'0M86QI9VXZ:G5S M=&EF>3MT97AT+6%L:6=N.F-E;G1E6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0^)FYB7!E.B!T97AT+VAT M;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@ M("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$ M)W1E>'0O:'1M;#L@8VAA6QE/3-$=&5X="UA;&EG;CIL969T/CQU/DYO=&4@ M1B`F(S$U,#L@26YV97-T;65N="!02!A;F0@06-C=6UU;&%T960@ M1&5P6QE/3-$9F]N="UW96EG:'0Z;F]R M;6%L/B`\+V9O;G0^/"]P/B`\<"!S='EL93TS1&UA3XF;F)S<#L\+W`^ M(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/'1A8FQE(&)O6QE/3-$)W=I9'1H.B`Q.#`N M.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0^)FYB6QE/3-$ M)W=I9'1H.B`Q+C(U:6X[('!A9&1I;F'0M86QI9VXZ:G5S M=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#PO='(^(#QT3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$U,"!V86QI9VX],T1T M;W`@3XF;F)S<#L\+W`^(#PO M=&0^(#QT9"!W:61T:#TS1#(T."!C;VQS<&%N/3-$,B!V86QI9VX],T1T;W`@ M3XF M;F)S<#L\+W`^(#PO=&0^(#PO='(^(#QT3XF;F)S M<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$U,"!V86QI9VX],T1T;W`@'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT M9"!W:61T:#TS1#(T."!C;VQS<&%N/3-$,B!V86QI9VX],T1T;W`@6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/"]T M9#X@/"]T6QE/3-$)W=I9'1H.B`Q.#`N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN M(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/"]T9#X@ M/'1D('=I9'1H/3-$,34P('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@ M,2XR-6EN.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T M>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3$S M('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@-C6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N M8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3,U('9A;&EG;CTS1'1O<"!S M='EL93TS1"=W:61T:#H@.#$N,'!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN M(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^0G5I M;&1I;F=S/"]P/B`\+W1D/B`\=&0@=VED=&@],T0Q-C4@=F%L:6=N/3-$=&]P M('-T>6QE/3-$)W=I9'1H.B`Y.2XP<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`Q.#`N.7!T.R!P861D:6YG M.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N M8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,34P('9A;&EG;CTS1'1O<"!S M='EL93TS1"=W:61T:#H@,2XR-6EN.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN M(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/"]T9#X@ M/'1D('=I9'1H/3-$,3$S('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@ M-C6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3,U M('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@.#$N,'!T.R!P861D:6YG M.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T M>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIC96YT97(^86YD(%)E;&%T960\+W`^(#PO=&0^(#QT9"!W:61T:#TS M1#$V-2!V86QI9VX],T1T;W`@'0M86QI9VXZ8V5N=&5R/D-A<&ET86QI>F5D/"]P/B`\+W1D/B`\+W1R/B`\ M='(^(#QT9"!W:61T:#TS1#,P,B!V86QI9VX],T1T;W`@6QE/3-$)W=I9'1H.B`Q+C(U:6X[('!A M9&1I;F6QE/3-$)W=I9'1H.B`V-RXU<'0[('!A9&1I;F6QE/3-$)W=I M9'1H.B`X,2XP<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^4W5B6QE/3-$)W=I9'1H.B`Q.#`N.7!T.R!P861D:6YG.B`P:6X@ M-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0^/'4^1&5S8W)I<'1I;VX\+W4^/"]P/B`\+W1D M/B`\=&0@=VED=&@],T0Q-3`@=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H M.B`Q+C(U:6X[('!A9&1I;F6QE/3-$)W=I9'1H.B`V-RXU<'0[('!A9&1I;F6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^ M/'4^4')O<&5R='D\+W4^/"]P/B`\+W1D/B`\=&0@=VED=&@],T0Q-C4@=F%L M:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H.B`Y.2XP<'0[('!A9&1I;F'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS M1#$U,"!V86QI9VX],T1T;W`@'0M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$ M,3$S('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@-C6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA;&EG;CIC96YT97(^)FYB6QE/3-$)W=I9'1H.B`X,2XP<'0[('!A9&1I M;F'0M M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@/"]T6QE/3-$)W=I9'1H.B`Q.#`N M.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG M;CIJ=7-T:69Y/DAI9VAC'0M86QI9VXZ8V5N=&5R/B0\=3XQ,"PS.3$\+W4^/"]P/B`\+W1D M/B`\=&0@=VED=&@],T0Q,3,@=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H M.B`V-RXU<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIC96YT97(^)#QU/B`\+W4^/'4^,2PV,3@\+W4^/"]P/B`\+W1D/B`\ M+W1R/B`\+W1A8FQE/B`\<"!S='EL93TS1&UA3XF;F)S<#L\+W`^(#QP M('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/'1A8FQE(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/"]T9#X@/'1D M('=I9'1H/3-$,C@U(&-O;'-P86X],T0S('9A;&EG;CTS1'1O<"!S='EL93TS M1"=W:61T:#H@,36QE/3-$)W=I9'1H.B`Q+C!I;CL@<&%D9&EN M9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!A;&EG;CTS1&-E;G1E'0M M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3(P M('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@,2XP:6X[('!A9&1I;F6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG M;CIC96YT97(^)FYB6QE/3-$)W=I9'1H.B`V-RXU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`Q-S$N,'!T.R!P861D M:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R M('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA;&EG;CIC96YT97(^/'4^070@1&5C96UB97(@,S$L(#(P,3(\+W4^/"]P M/B`\+W1D/B`\=&0@=VED=&@],T0Q,C`@=F%L:6=N/3-$=&]P('-T>6QE/3-$ M)W=I9'1H.B`Q+C!I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG M/B`\<"!A;&EG;CTS1&-E;G1E6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^)FYB6QE/3-$)W=I9'1H M.B`V-RXU<'0[('!A9&1I;F6QE/3-$ M)W=I9'1H.B`Q-S$N,'!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T M.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^*&EN('1H;W5S M86YD6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^)FYB M6QE/3-$)W=I9'1H.B`Q+C!I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U M+C1P=#LG/B`\<"!A;&EG;CTS1&-E;G1E6QE M/3-$)W=I9'1H.B`U."XU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`Q+C5I;CL@<&%D9&EN9SH@,&EN(#4N-'!T M(#!I;B`U+C1P=#LG/B`\<"!S='EL93TS1&UA3XF;F)S<#L\+W`^(#PO M=&0^(#QT9"!W:61T:#TS1#@S('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T M:#H@-#DN-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP M('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$ M,3$S('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@-C6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y M/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$.3`@=F%L:6=N/3-$=&]P M('-T>6QE/3-$)W=I9'1H.B`N-S5I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I M;B`U+C1P=#LG/B`\<"!S='EL93TS1&UA'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^ M(#QT9"!W:61T:#TS1#$R,"!V86QI9VX],T1T;W`@6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3(P M('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@,2XP:6X[('!A9&1I;F6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG M;CIC96YT97(^)FYB6QE/3-$)W=I9'1H.B`V-RXU<'0[('!A9&1I;F3XF;F)S<#L\+W`^(#PO M=&0^(#QT9"!W:61T:#TS1#$Q,R!V86QI9VX],T1T;W`@'0M86QI9VXZ8V5N=&5R/D)U:6QD:6YG6QE/3-$)W=I M9'1H.B`N-S5I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\ M<"!S='EL93TS1&UA'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS M1#$R,"!V86QI9VX],T1T;W`@6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y M/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3(P('9A;&EG;CTS1'1O M<"!S='EL93TS1"=W:61T:#H@,2XP:6X[('!A9&1I;F6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^)FYB M6QE/3-$)W=I9'1H.B`V-RXU<'0[('!A9&1I;F'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T M:#TS1#$Q,R!V86QI9VX],T1T;W`@'0M86QI9VXZ8V5N=&5R/D%N9"!296QA=&5D/"]P/B`\+W1D/B`\=&0@ M=VED=&@],T0Y,"!V86QI9VX],T1T;W`@6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ M=7-T:69Y/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3(P('9A;&EG M;CTS1'1O<"!S='EL93TS1"=W:61T:#H@,2XP:6X[('!A9&1I;F6QE/3-$ M)W=I9'1H.B`Q+C!I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG M/B`\<"!A;&EG;CTS1&-E;G1E6QE/3-$)W=I M9'1H.B`U."XU<'0[('!A9&1I;F'0M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T M9#X@/"]T6QE/3-$)W=I9'1H.B`Q+C5I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U M+C1P=#LG/B`\<"!S='EL93TS1&UA'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT M9"!W:61T:#TS1#@S('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@-#DN M-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG M;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3$S('9A M;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@-C6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG M;CIC96YT97(^4&5R6QE M/3-$)W=I9'1H.B`Q+C!I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P M=#LG/B`\<"!A;&EG;CTS1&-E;G1E6QE/3-$)W=I9'1H.B`Q+C!I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U M+C1P=#LG/B`\<"!A;&EG;CTS1&-E;G1E6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^1&%T93PO M<#X@/"]T9#X@/'1D('=I9'1H/3-$,3$S('9A;&EG;CTS1'1O<"!S='EL93TS M1"=W:61T:#H@-C6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^1&5P6QE/3-$)W=I9'1H.B`V-RXU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`N-S5I;CL@<&%D9&EN M9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!A;&EG;CTS1&-E;G1E'0M M86QI9VXZ8V5N=&5R/CQU/E1O=&%L/"]U/CPO<#X@/"]T9#X@/'1D('=I9'1H M/3-$,3(P('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@,2XP:6X[('!A M9&1I;F6QE/3-$)W=I9'1H M.B`Q+C!I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!A M;&EG;CTS1&-E;G1E'0M86QI9VXZ8V5N=&5R/CQU/D-O;G-T6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^/'4^06-Q M=6ER960\+W4^/"]P/B`\+W1D/B`\=&0@=VED=&@],T0Q,3,@=F%L:6=N/3-$ M=&]P('-T>6QE/3-$)W=I9'1H.B`V-RXU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`Q+C5I;CL@<&%D M9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!S='EL93TS1&UA3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#@S('9A;&EG;CTS1'1O M<"!S='EL93TS1"=W:61T:#H@-#DN-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@ M,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^ M)FYB6QE/3-$)W=I9'1H.B`V-RXU<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^)FYB6QE M/3-$)W=I9'1H.B`Q+C!I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P M=#LG/B`\<"!A;&EG;CTS1&-E;G1E6QE/3-$ M)W=I9'1H.B`U."XU<'0[('!A9&1I;F'0M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@ M/"]T9#X@/"]T6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^)#QU/B`\ M+W4^/'4^,RPV-C`\+W4^/"]P/B`\+W1D/B`\=&0@=VED=&@],T0Q,3,@=F%L M:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H.B`V-RXU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`N-S5I;CL@<&%D9&EN M9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!A;&EG;CTS1&-E;G1E'0M M86QI9VXZ8V5N=&5R/B0\=3XQ,RPX,3@\+W4^/"]P/B`\+W1D/B`\=&0@=VED M=&@],T0Q,C`@=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H.B`Q+C!I;CL@ M<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!A;&EG;CTS1&-E M;G1E'0M86QI9VXZ8V5N=&5R/B0\=3X@/"]U/CQU/C4L,#4S/"]U/CPO<#X@ M/"]T9#X@/'1D('=I9'1H/3-$,3(P('9A;&EG;CTS1'1O<"!S='EL93TS1"=W M:61T:#H@,2XP:6X[('!A9&1I;F'0M86QI9VXZ8V5N=&5R/C`X+S(R+S`R/"]P/B`\+W1D M/B`\=&0@=VED=&@],T0Q,3,@=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H M.B`V-RXU<'0[('!A9&1I;F'0M86QI9VXZ:G5S=&EF>3Y296-O;F-I;&EA=&EO;B!O9B`F<75O=#M) M;G9E3XF;F)S<#L\+W`^(#QP M('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/'1A8FQE(&)O'0M M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#,Q M-2!C;VQS<&%N/3-$,B!V86QI9VX],T1T;W`@3XF;F)S M<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$U."!V86QI9VX],T1T;W`@6QE/3-$)W=I9'1H.B`Y-"XU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`R-#,N,'!T.R!P861D M:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y M/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,S$U(&-O;'-P86X],T0R M('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@,3@Y+C!P=#L@<&%D9&EN M9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!A;&EG;CTS1&-E;G1E'0M M86QI9VXZ8V5N=&5R/BAI;B!T:&]U6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^)FYB6QE M/3-$)W=I9'1H.B`Y-"XU<'0[('!A9&1I;F3Y"86QA;F-E(&%T M(&)E9VEN;FEN9R!O9B!Y96%R/"]P/B`\+W1D/B`\=&0@=VED=&@],T0Q-3@@ M=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H.B`Y-"XU<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIC96YT97(^)"`Q-"PP,C<\+W`^(#PO=&0^(#PO='(^(#QT'0M86QI M9VXZ:G5S=&EF>3Y02!I;7!R;W9E;65N=',\+W`^(#PO=&0^(#QT M9"!W:61T:#TS1#$U."!V86QI9VX],T1T;W`@'0M86QI9VXZ8V5N=&5R/B8C,38P.R8C,38P.R8C,38P.R8C M,38P.R`S,#$\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$U."!V86QI9VX],T1T M;W`@'0M86QI9VXZ:G5S=&EF>3Y2971I6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^)B,Q-C`[(#QU/B8C M,38P.R8C,38P.R8C,38P.R8C,38P.SPO=3X\=3XH.3(\+W4^*3PO<#X@/"]T M9#X@/'1D('=I9'1H/3-$,34X('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T M:#H@.30N-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP M(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^)B,Q-C`[)B,Q-C`[/'4^ M)B,Q-C`[/"]U/CQU/B@Q+#`U,#PO=3XI/"]P/B`\+W1D/B`\+W1R/B`\='(^ M(#QT9"!W:61T:#TS1#0P-2!V86QI9VX],T1T;W`@65A6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^)#QU/B`\+W4^/'4^,3,L M.#$X/"]U/CPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,34X('9A;&EG;CTS1'1O M<"!S='EL93TS1"=W:61T:#H@.30N-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@ M,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^ M)#QU/B`\+W4^/'4^,3,L-C`Y/"]U/CPO<#X@/"]T9#X@/"]T6QE/3-$)W=I9'1H.B`R M-#,N,'!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T M>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,34X M('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@.30N-7!T.R!P861D:6YG M.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T M>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIC96YT97(^)FYB6QE/3-$)W=I9'1H.B`Y-"XU<'0[('!A9&1I;F'0M86QI9VXZ M:G5S=&EF>3X\=3Y!8V-U;75L871E9"!$97!R96-I871I;VX\+W4^/"]P/B`\ M+W1D/B`\=&0@=VED=&@],T0Q-3@@=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I M9'1H.B`Y-"XU<'0[('!A9&1I;F'0M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T M9#X@/"]T6QE/3-$)W=I9'1H.B`R-#,N,'!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN M(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/D)A;&%N8V4@870@8F5G:6YN M:6YG(&]F('EE87(\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$U."!V86QI9VX] M,T1T;W`@'0M86QI9VXZ8V5N M=&5R/B0F(S$V,#L@-"PT.#D\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$U."!V M86QI9VX],T1T;W`@'0M86QI M9VXZ8V5N=&5R/B0@)B,Q-C`[-"PY,SD\+W`^(#PO=&0^(#PO='(^(#QT'0M M86QI9VXZ:G5S=&EF>3Y!9&1I=&EO;G,@8VAA'!E;G-E/"]P M/B`\+W1D/B`\=&0@=VED=&@],T0Q-3@@=F%L:6=N/3-$=&]P('-T>6QE/3-$ M)W=I9'1H.B`Y-"XU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`Y-"XU<'0[('!A9&1I;F'0M86QI9VXZ:G5S=&EF>3Y"86QA;F-E(&%T(&5N9"!O9B!Y96%R/"]P M/B`\+W1D/B`\=&0@=VED=&@],T0Q-3@@=F%L:6=N/3-$=&]P('-T>6QE/3-$ M)W=I9'1H.B`Y-"XU<'0[('!A9&1I;F'0M86QI M9VXZ8V5N=&5R/B0\=3XF(S$V,#L@/"]U/CQU/C0L-#@Y/"]U/CPO<#X@/"]T M9#X@/"]T6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y M/D1U65A&EM871E;'D@)#DR+#`P,"!A;F0@ M)#$L,#4P+#`P,"P@&EM871E;'D@)#DR+#`P,"!A;F0@)#$L,#4P M+#`P,"P@'0M86QI9VXZ:G5S=&EF>3Y4:&4@86=G"!P=7)P;W-E2`D-2PT,34L M,#`P(&%N9"`D-"PW.30L,#`P+"!R97-P96-T:79E;'DN/"]P/CQS<&%N/CPO M7!E.B!T97AT M+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^ M#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT M/3-$)W1E>'0O:'1M;#L@8VAA&5S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S M/3-$=&5X=#X\(2TM96=X+2T^/'`@&5S/"]U/CPO8CX@/"]P/B`\<"!S='EL93TS1&UA M'0M86QI9VXZ:G5S M=&EF>3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/E1H92!087)T;F5R M"!P=7)P;W-E&5S(&ES(&UA9&4@:6X@=&AE(&9I M;F%N8VEA;"!S=&%T96UE;G1S(&]F('1H92!087)T;F5R'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ M=7-T:69Y/E1H92!F;VQL;W=I;F<@:7,@82!R96-O;F-I;&EA=&EO;B!O9B!R M97!O&-E<'0@<&5R('5N:70@9&%T82DZ M/"]P/B`\<"!S='EL93TS1&UA'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#QT86)L92!B;W)D M97(],T0P(&-E;&QS<&%C:6YG/3-$,"!C96QL<&%D9&EN9STS1#`@6QE/3-$)W=I9'1H.B`Q,#,N-7!T.R!P M861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N M=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA;&EG;CIC96YT97(^/'4^,C`Q,CPO=3X\+W`^(#PO=&0^(#QT9"!W M:61T:#TS1#$U."!V86QI9VX],T1T;W`@'0M86QI9VXZ8V5N=&5R/CQU/C(P,3$\+W4^/"]P/B`\+W1D/B`\ M+W1R/B`\='(^(#QT9"!W:61T:#TS1#0X,"!V86QI9VX],T1T;W`@6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I M9'1H/3-$,3'0M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I M9'1H/3-$,34X('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@.30N-7!T M.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$ M8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[=&5X="UA;&EG;CIC96YT97(^)FYB6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA;&EG;CIJ=7-T:69Y/DYE="!L;W-S(&%S(')E<&]R=&5D/"]P/B`\+W1D M/B`\=&0@=VED=&@],T0Q-S,@=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H M.B`Q,#,N-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP M('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0^)B,Q M-C`[("0F(S$V,#LF(S$V,#LF(S$V,#L@*#0T.2D\+W`^(#PO=&0^(#QT9"!W M:61T:#TS1#$U."!V86QI9VX],T1T;W`@6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG M;CIJ=7-T:69Y/D%D9"`H9&5D=6-T*3H\+W`^(#PO=&0^(#QT9"!W:61T:#TS M1#$W,R!V86QI9VX],T1T;W`@6QE/3-$)W=I9'1H.B`T+C!I;CL@<&%D9&EN9SH@,&EN(#4N M-'!T(#!I;B`U+C1P=#LG/B`\<"!S='EL93TS1&UA6QE/3-$ M)W=I9'1H.B`Y-"XU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`Q M,#,N-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T M>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0^)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[("8C,38P.S,U M/"]P/B`\+W1D/B`\=&0@=VED=&@],T0Q-3@@=F%L:6=N/3-$=&]P('-T>6QE M/3-$)W=I9'1H.B`Y-"XU<'0[('!A9&1I;F6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T M:69Y/B8C,38P.R!/=&AE6QE/3-$ M)W=I9'1H.B`Y-"XU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`Q,#,N-7!T.R!P861D:6YG.B`P:6X@ M-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0^)FYB6QE/3-$)W=I9'1H.B`Y-"XU<'0[('!A M9&1I;F6QE/3-$ M)W=I9'1H.B`Q,#,N-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T M.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0^)FYB6QE/3-$)W=I9'1H.B`Y-"XU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`Q,#,N-7!T.R!P861D:6YG.B`P:6X@-2XT M<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0^)B,Q-C`[("0\=3XF(S$V,#L@)B,Q-C`[/"]U/CQU M/B@S+C0Q/"]U/BD\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$U."!V86QI9VX] M,T1T;W`@'0M86QI M9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/E1H92!F M;VQL;W=I;F<@:7,@82!R96-O;F-I;&EA=&EO;B!B971W965N('1H92!087)T M;F5R6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0^)FYB6QE/3-$;6%R9VEN+6QE9G0Z,C,N-'!T.V)O6QE/3-$)W=I9'1H.B`R-#6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/"]T9#X@ M/'1D('=I9'1H/3-$,3'0M86QI9VXZ8V5N=&5R/CQU/C(P,3(\+W4^/"]P/B`\ M+W1D/B`\=&0@=VED=&@],T0Q-C4@=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I M9'1H.B`Y.2XP<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`R-#6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/DYE="!L:6%B:6QI M=&EE6QE/3-$)W=I9'1H M.B`R-#6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA;&EG;CIJ=7-T:69Y/B8C,38P.R!!8V-U;75L871E9"!D97!R96-I871I M;VX\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$W,R!V86QI9VX],T1T;W`@6QE/3-$)W=I9'1H.B`R-#6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG M;CIJ=7-T:69Y/B8C,38P.R!3>6YD:6-A=&EO;B!F965S/"]P/B`\+W1D/B`\ M=&0@=VED=&@],T0Q-S,@=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H.B`Q M,#,N-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T M>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0^)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#(U+#6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0^)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#(U+#6QE/3-$)W=I M9'1H.B`R-#6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA;&EG;CIJ=7-T:69Y/B8C,38P.R!/=&AE6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q M-C`[(#QU/B8C,38P.SPO=3X\=3XS+#$U.#PO=3X\=3X@/"]U/CPO<#X@/"]T M9#X@/"]T6QE/3-$)W=I9'1H.B`R-#6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/DYE="!A6QE M/3-$)W=I9'1H.B`Y.2XP<'0[('!A9&1I;F'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\ M+W`^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@(#PO=&%B M;&4^#0H@(#PO8F]D>3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\W M-#$P.38R8E]D,SDY7S0S-3A?.39E.5]C9F8W8V(R-F(Q-S,-"D-O;G1E;G0M M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-S0Q,#DV,F)?9#,Y.5\T,S4X7SDV93E? M8V9F-V-B,C9B,3'0O:'1M;#L@8VAA'0^/"$M+65G>"TM/CQP('-T>6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T M:69Y/CQB/CQU/DYO=&4@2"`F(S$U,#L@1&ES=')I8G5T:6]N'0M86QI9VXZ M:G5S=&EF>3Y);B`R,#$P+"!T:&4@4&%R=&YE3X-"CPO:'1M;#X-"@T*+2TM+2TM M/5].97AT4&%R=%\W-#$P.38R8E]D,SDY7S0S-3A?.39E.5]C9F8W8V(R-F(Q M-S,-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-S0Q,#DV,F)?9#,Y M.5\T,S4X7SDV93E?8V9F-V-B,C9B,3'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R'0^/"$M+65G>"TM/CQP M('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA;&EG;CIJ=7-T:69Y/CQB/CQU/DYO=&4@22`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`@("`\=&%B;&4@8VQAF%T:6]N M(&%N9"!3=6UM87)Y(&]F(%-I9VYI9FEC86YT($%C8V]U;G1I;F<@4&]L:6-I M97,Z($]R9V%N:7IA=&EO;B`H4&]L:6-I97,I/&)R/CPO'0^/"$M+65G>"TM M/CQP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA;&EG;CIJ=7-T:69Y/CQU/D]R9V%N:7IA=&EO;B`\+W4^/"]P/B`\ M<"!S='EL93TS1&UA'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`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`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/CQU M/D=O:6YG($-O;F-E'0M86QI9VXZ:G5S=&EF>3Y4:&4@4&%R=&YE2!E=F%L=6%T:6YG(&ET2!O2!I7!E.B!T97AT+VAT M;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@ M("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$ M)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/"$M+65G>"TM M/CQP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0^ M/'4^4W5B6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIJ=7-T:69Y/E1H92!087)T;F5R3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\W M-#$P.38R8E]D,SDY7S0S-3A?.39E.5]C9F8W8V(R-F(Q-S,-"D-O;G1E;G0M M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-S0Q,#DV,F)?9#,Y.5\T,S4X7SDV93E? M8V9F-V-B,C9B,3'0O:'1M;#L@8VAA2!O9B!3:6=N:69I8V%N="!!8V-O=6YT:6YG(%!O M;&EC:65S.B!"87-I'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$'0M86QI9VXZ:G5S=&EF>3X\=3Y" M87-I'0M86QI9VXZ:G5S=&EF>3Y4:&4@86-C;VUP86YY M:6YG('-T871E;65N="!O9B!O<&5R871I;VYS(&9O65AF5D(&EN(#(P,3$@=VET:"!R97-P96-T('1O M(&$@,C`P."!C87-U86QT>2!A="!';&5N8G)I9&=E($UA;F]R($%P87)T;65N M=',@87,@:6YC;VUE(&9R;VT@9&ES8V]N=&EN=65D(&]P97)A=&EO;G,@9'5E M('1O(&ET'0O:F%V87-C3X- M"B`@("`\=&%B;&4@8VQAF%T:6]N(&%N9"!3 M=6UM87)Y(&]F(%-I9VYI9FEC86YT($%C8V]U;G1I;F<@4&]L:6-I97,Z(%5S M92!O9B!%'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ M=7-T:69Y/E1H92!P2!A8V-E<'1E9"!I;B!T:&4@56YI=&5D(%-T871E'1087)T M7S'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQAF%T:6]N(&%N9"!3=6UM87)Y(&]F(%-I9VYI9FEC86YT($%C8V]U;G1I;F<@ M4&]L:6-I97,Z($-A'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y M/D-A2P@=&AA="!A M2!A;B!A9F9I;&EA=&5D(&UA;F%G96UE;G0@8V]M M<&%N>2!O;B!B96AA;&8@;V8@869F:6QI871E9"!E;G1I=&EE7!E.B!T97AT+VAT;6P[(&-H M87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U% M5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O M:'1M;#L@8VAA&5S M("A0;VQI8VEE&5S/"]T9#X-"B`@("`@ M("`@/'1D(&-L87-S/3-$=&5X=#X\(2TM96=X+2T^/'`@&5S(#PO=3X\+W`^(#QP('-T>6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y M/B9N8G-P.SPO<#X@/'`@2!F M;W(@=&%X('1H86X@9F]R(&9I;F%N8VEA;"!S=&%T96UE;G0@<'5R<&]S97,N M/"]P/CQS<&%N/CPO7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/"$M+65G>"TM/CQP('-T>6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/CQU M/E!A6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y M/B9N8G-P.SPO<#X@/'`@"!R97!O'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA MF%T:6]N(&%N9"!3=6UM87)Y(&]F(%-I9VYI M9FEC86YT($%C8V]U;G1I;F<@4&]L:6-I97,Z($%B86YD;VYE9"!5;FET'0^/"$M+65G>"TM/CQP('-T>6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T M:69Y/CQU/D%B86YD;VYE9"!5;FET'0M86QI9VXZ:G5S M=&EF>3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/D1U2P@9'5E('1O M(&QI;6ET960@<&%R=&YE'0O M:F%V87-C3X-"B`@("`\ M=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^ M(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA;&EG;CIJ=7-T:69Y/DYE="!L;W-S('!E2!T:&4@;G5M8F5R(&]F(%5N:71S(&]U='-T86YD M:6YG(&%T('1H92!B96=I;FYI;F<@;V8@=&AE(&9I2X@/"]P/CQS<&%N/CPO7!E.B!T97AT+VAT M;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@ M("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$ M)W1E>'0O:'1M;#L@8VAA6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ M=7-T:69Y/B9N8G-P.SPO<#X@/'`@65A'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA MF%T:6]N(&%N9"!3=6UM87)Y(&]F(%-I9VYI M9FEC86YT($%C8V]U;G1I;F<@4&]L:6-I97,Z($EN=F5S=&UE;G0@4')O<&5R M='D@*%!O;&EC:65S*3QB'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$2`\+W4^/"]P/B`\ M<"!S='EL93TS1&UA'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y M/DEN=F5S=&UE;G0@<')O<&5R='D@8V]N7)O;&P@ M8V]S=',@87-S;V-I871E9"!W:71H('1I;64@2!L979E;"XF(S$V,#L@5&AE(%!AF5S(&EN=&5R97-T+"!P2!T87AE'0M86QI9VXZ:G5S=&EF M>3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/DEF(&5V96YT2!B>2!C;VUP87)I;F<@=&AE(&-A6EN9R!A;6]U;G0@97AC965DF4@86X@:6UP86ER;65N="!L;W-S M('1O('1H92!E>'1E;G0@=&AE(&-A&-E961S('1H M92!E'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQAF%T:6]N M(&%N9"!3=6UM87)Y(&]F(%-I9VYI9FEC86YT($%C8V]U;G1I;F<@4&]L:6-I M97,Z(%1E;F%N="!396-U2!$97!O2!$97!O'0^/"$M+65G>"TM/CQP('-T>6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/CQU M/E1E;F%N="!396-U2!$97!O'0M86QI9VXZ M:G5S=&EF>3XF;F)S<#L\+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/E1H92!087)T M;F5R2!D97!O7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S M+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE M<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA M6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/'`@2!L96%S97,@87!AF5D(&]N(&$@7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\ M:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E M;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$'0^/"$M+65G>"TM/CQP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/CQU/D%D=F5R M=&ES:6YG($-O6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P M.SPO<#X@/'`@2P@=V5R92!C:&%R9V5D('1O(&5X<&5N M'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQAF%T:6]N(&%N9"!3=6UM87)Y(&]F(%-I9VYI9FEC86YT($%C M8V]U;G1I;F<@4&]L:6-I97,Z($1E9F5R3X\=3Y$969E M'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\ M+W`^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[=&5X="UA;&EG;CIJ=7-T:69Y/DQO86X@8V]S=',@;V8@87!P2`D,C$S+#`P,"!A="!B;W1H($1E8V5M8F5R(#,Q+"`R,#$R(&%N9"`R M,#$Q+"!L97-S(&%C8W5M=6QA=&5D(&%M;W)T:7IA=&EO;B!O9B!A<'!R;WAI M;6%T96QY("0Q-S0L,#`P(&%N9"`D,3,T+#`P,"P@6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ M=7-T:69Y/B9N8G-P.SPO<#X@/'`@F%T M:6]N(&5X<&5N&EM871E;'D@)#0P+#`P,"!F;W(@8F]T M:"!T:&4@>65A'!E;G-E+B!!;6]R=&EZ M871I;VX@97AP96YS92!I'!E8W1E9"!T;R!B92!A<'!R;WAI;6%T96QY M("0S.2PP,#`@9F]R(#(P,3,N(#PO<#X@/'`@'0M86QI9VXZ:G5S=&EF>3Y,96%S:6YG(&-O;6UIF5D(&]V97(@=&AE('1EF%T:6]N(&]F('1H97-E(&-O'!E;G-E7!E.B!T97AT M+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^ M#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT M/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@ M/'1R(&-L87-S/3-$'0^/"$M+65G>"TM/CQP('-T M>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIJ=7-T:69Y/CQU/D9A:7(@5F%L=64@;V8@1FEN86YC:6%L($EN6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@ M/'`@&-H86YG M960@:6X@82!C=7)R96YT('1R86YS86-T:6]N(&)E='=E96X@=VEL;&EN9R!P M87)T:65S+"!O=&AE2!T:&5S92!F86ER('9A;'5E(&UE87-U2!O2X@)B,Q-C`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`Q<'0[=&5X="UA;&EG M;CIJ=7-T:69Y/CQU/E-E9VUE;G0@4F5P;W)T:6YG/"]U/CH@05-#(%1O<&EC M(#(X,"TQ,"P@)B,Q-#<[4V5G;65N="!297!O2!T:&%T('!U8FQI8R!B=7-I M;F5S2!O M;F4@'0O:F%V87-C M3X-"B`@("`\=&%B;&4@ M8VQA6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG M;CIJ=7-T:69Y.W1E>'0M86QI9VXZ;&5F=#XF;F)S<#L\+W`^(#QP(&%L:6=N M/3-$;&5F="!S='EL93TS1&UA'0M86QI9VXZ:G5S=&EF>3MT97AT+6%L:6=N.FQE9G0^0V5R=&%I M;B!R96-L87-S:69I8V%T:6]N7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\ M:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E M;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA6%B;&4Z(%-C:&5D=6QE(&]F($UO'0^/"$M+65G>"TM/CQP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO M<#X@/'1A8FQE(&)O6QE/3-$)W=I9'1H.B`Q,C$N-7!T.R!P861D M:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y M/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3`U('9A;&EG;CTS1&)O M='1O;2!S='EL93TS1"=W:61T:#H@-C,N,'!T.R!P861D:6YG.B`P:6X@-2XT M<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT M97(^4')I;F-I<&%L($)A;&%N8V4@870@1&5C96UB97(\=3X@,S$L(#(P,3(\ M+W4^/"]P/B`\+W1D/B`\=&0@=VED=&@],T0Q,#4@8V]L6QE/3-$)W=I9'1H.B`V,RXP<'0[('!A9&1I;F'0M86QI9VXZ M8V5N=&5R/DUO;G1H;'D@4&%Y;65N="!);F-L=61I;F<\=3X@26YT97)E6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^4W1A M=&5D($EN=&5R97-T/'4^(%)A=&4\+W4^/"]P/B`\+W1D/B`\=&0@=VED=&@] M,T0Q,3,@=F%L:6=N/3-$8F]T=&]M('-T>6QE/3-$)W=I9'1H.B`V-RXU<'0[ M('!A9&1I;F3QU/B!$871E("@Q*3PO=3X\ M+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$S-2!V86QI9VX],T1B;W1T;VT@'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT M9"!W:61T:#TS1#(Q,"!C;VQS<&%N/3-$,R!V86QI9VX],T1T;W`@6QE/3-$)W=I9'1H.B`V,RXP<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^*&EN('1H M;W5S86YD3X\ M=3Y03PO=3X\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$Q,R!C;VQS M<&%N/3-$,B!V86QI9VX],T1T;W`@'0M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H M/3-$.3@@=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H.B`U."XU<'0[('!A M9&1I;F'0M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$ M.3`@=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H.B`N-S5I;CL@<&%D9&EN M9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!A;&EG;CTS1&-E;G1E'0M M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3$S M('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@-C6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIC96YT97(^)FYB6QE/3-$)W=I9'1H.B`X,2XP<'0[('!A9&1I;F6QE/3-$)W=I M9'1H.B`V-RXU<'0[('!A9&1I;F'0M86QI9VXZ8V5N=&5R/B0\=3X@/"]U/CQU/C8X M/"]U/CPO<#X@/"]T9#X@/'1D('=I9'1H/3-$.3`@6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^-BXQ-R4\+W`^(#PO=&0^(#QT M9"!W:61T:#TS1#$Q,R!S='EL93TS1"=W:61T:#H@-C6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIC96YT97(^,3`O,#$O,3<\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$S M-2!S='EL93TS1"=W:61T:#H@.#$N,'!T.R!P861D:6YG.B`P:6X@-2XT<'0@ M,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^ M)#QU/B`\+W4^/'4^.2PT,30\+W4^/"]P/B`\+W1D/B`\+W1R/B`\='(@86QI M9VX],T1L969T/B`\=&0@=VED=&@],T0R,#,@6QE/3-$8F]R9&5R.FYO;F4^/"]T9#X@ M/'1D('=I9'1H/3-$.3@@3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\W-#$P.38R M8E]D,SDY7S0S-3A?.39E.5]C9F8W8V(R-F(Q-S,-"D-O;G1E;G0M3&]C871I M;VXZ(&9I;&4Z+R\O0SHO-S0Q,#DV,F)?9#,Y.5\T,S4X7SDV93E?8V9F-V-B M,C9B,3'0O:'1M;#L@8VAA3XF;F)S M<#L\+W`^(#QD:78@86QI9VX],T1C96YT97(^(#QT86)L92!B;W)D97(],T0P M(&-E;&QS<&%C:6YG/3-$,"!C96QL<&%D9&EN9STS1#`@'0M86QI M9VXZ:G5S=&EF>3MT97AT+6%L:6=N.F-E;G1E'0M86QI9VXZ:G5S=&EF>3MT97AT+6%L:6=N.F-E M;G1E6QE/3-$)W=I9'1H.B`Q M,S`N-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L M:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y.W1E>'0M86QI9VXZ8V5N=&5R M/C(P,30\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$X."!V86QI9VX],T1T;W`@ M6QE/3-$)W=I9'1H.B`Q,S`N-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@ M,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y M.W1E>'0M86QI9VXZ8V5N=&5R/C(P,34\+W`^(#PO=&0^(#QT9"!W:61T:#TS M1#$X."!V86QI9VX],T1T;W`@6QE/3-$)W=I9'1H.B`Q,S`N-7!T.R!P M861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N M=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA;&EG;CIJ=7-T:69Y.W1E>'0M86QI9VXZ8V5N=&5R/C(P,38\+W`^ M(#PO=&0^(#QT9"!W:61T:#TS1#$X."!V86QI9VX],T1T;W`@6QE/3-$ M)W=I9'1H.B`Q,S`N-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T M.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y.W1E>'0M86QI M9VXZ8V5N=&5R/C(P,3<\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$X."!V86QI M9VX],T1T;W`@6QE/3-$)W=I9'1H.B`Q,S`N-7!T.R!P M861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N M=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA;&EG;CIJ=7-T:69Y.W1E>'0M86QI9VXZ8V5N=&5R/B9N8G-P.SPO M<#X@/"]T9#X@/'1D('=I9'1H/3-$,3@X('9A;&EG;CTS1'1O<"!S='EL93TS M1"=W:61T:#H@,3$R+C5P=#L@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P M=#LG/B`\<"!A;&EG;CTS1&-E;G1E3MT97AT+6%L M:6=N.F-E;G1E3X-"CPO:'1M;#X-"@T*+2TM+2TM/5]. M97AT4&%R=%\W-#$P.38R8E]D,SDY7S0S-3A?.39E.5]C9F8W8V(R-F(Q-S,- M"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-S0Q,#DV,F)?9#,Y.5\T M,S4X7SDV93E?8V9F-V-B,C9B,3'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R2!);FET:6%L($-O'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M'0^/"$M+65G>"TM M/CQP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/'1A8FQE(&)O6QE/3-$)W=I9'1H.B`Q.#`N M.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0^)FYB6QE/3-$ M)W=I9'1H.B`Q+C(U:6X[('!A9&1I;F'0M86QI9VXZ:G5S M=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#PO='(^(#QT3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$U,"!V86QI9VX],T1T M;W`@3XF;F)S<#L\+W`^(#PO M=&0^(#QT9"!W:61T:#TS1#(T."!C;VQS<&%N/3-$,B!V86QI9VX],T1T;W`@ M3XF M;F)S<#L\+W`^(#PO=&0^(#PO='(^(#QT3XF;F)S M<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$U,"!V86QI9VX],T1T;W`@'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT M9"!W:61T:#TS1#(T."!C;VQS<&%N/3-$,B!V86QI9VX],T1T;W`@6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/"]T M9#X@/"]T6QE/3-$)W=I9'1H.B`Q.#`N.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN M(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/"]T9#X@ M/'1D('=I9'1H/3-$,34P('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@ M,2XR-6EN.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T M>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3$S M('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@-C6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N M8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3,U('9A;&EG;CTS1'1O<"!S M='EL93TS1"=W:61T:#H@.#$N,'!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN M(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^0G5I M;&1I;F=S/"]P/B`\+W1D/B`\=&0@=VED=&@],T0Q-C4@=F%L:6=N/3-$=&]P M('-T>6QE/3-$)W=I9'1H.B`Y.2XP<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`Q.#`N.7!T.R!P861D:6YG M.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N M8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,34P('9A;&EG;CTS1'1O<"!S M='EL93TS1"=W:61T:#H@,2XR-6EN.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN M(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/"]T9#X@ M/'1D('=I9'1H/3-$,3$S('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@ M-C6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3,U M('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@.#$N,'!T.R!P861D:6YG M.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T M>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIC96YT97(^86YD(%)E;&%T960\+W`^(#PO=&0^(#QT9"!W:61T:#TS M1#$V-2!V86QI9VX],T1T;W`@'0M86QI9VXZ8V5N=&5R/D-A<&ET86QI>F5D/"]P/B`\+W1D/B`\+W1R/B`\ M='(^(#QT9"!W:61T:#TS1#,P,B!V86QI9VX],T1T;W`@6QE/3-$)W=I9'1H.B`Q+C(U:6X[('!A M9&1I;F6QE/3-$)W=I9'1H.B`V-RXU<'0[('!A9&1I;F6QE/3-$)W=I M9'1H.B`X,2XP<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^4W5B6QE/3-$)W=I9'1H.B`Q.#`N.7!T.R!P861D:6YG.B`P:6X@ M-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0^/'4^1&5S8W)I<'1I;VX\+W4^/"]P/B`\+W1D M/B`\=&0@=VED=&@],T0Q-3`@=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H M.B`Q+C(U:6X[('!A9&1I;F6QE/3-$)W=I9'1H.B`V-RXU<'0[('!A9&1I;F6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^ M/'4^4')O<&5R='D\+W4^/"]P/B`\+W1D/B`\=&0@=VED=&@],T0Q-C4@=F%L M:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H.B`Y.2XP<'0[('!A9&1I;F'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS M1#$U,"!V86QI9VX],T1T;W`@'0M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$ M,3$S('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@-C6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA;&EG;CIC96YT97(^)FYB6QE/3-$)W=I9'1H.B`X,2XP<'0[('!A9&1I M;F'0M M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@/"]T6QE/3-$)W=I9'1H.B`Q.#`N M.7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG M;CIJ=7-T:69Y/DAI9VAC'0M86QI9VXZ8V5N=&5R/B0\=3XQ,"PS.3$\+W4^/"]P/B`\+W1D M/B`\=&0@=VED=&@],T0Q,3,@=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H M.B`V-RXU<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIC96YT97(^)#QU/B`\+W4^/'4^,2PV,3@\+W4^/"]P/B`\+W1D/B`\ M+W1R/B`\+W1A8FQE/CQS<&%N/CPO7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI M(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS M1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A'0^/"$M+65G>"TM/CQP('-T>6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG M;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/'1A8FQE(&)O6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H M/3-$,C@U(&-O;'-P86X],T0S('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T M:#H@,3'0M86QI9VXZ8V5N=&5R/D=R;W-S($%M;W5N="!! M="!7:&EC:"!#87)R:65D/"]P/B`\+W1D/B`\=&0@=VED=&@],T0Q,C`@=F%L M:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H.B`Q+C!I;CL@<&%D9&EN9SH@,&EN M(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!A;&EG;CTS1&-E;G1E'0M86QI9VXZ M8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3(P('9A;&EG M;CTS1'1O<"!S='EL93TS1"=W:61T:#H@,2XP:6X[('!A9&1I;F6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT M97(^)FYB6QE/3-$)W=I9'1H.B`V-RXU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`Q-S$N,'!T.R!P861D:6YG.B`P M:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG M;CIC96YT97(^/'4^070@1&5C96UB97(@,S$L(#(P,3(\+W4^/"]P/B`\+W1D M/B`\=&0@=VED=&@],T0Q,C`@=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H M.B`Q+C!I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!A M;&EG;CTS1&-E;G1E'0M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@ M/'1D('=I9'1H/3-$,3(P('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@ M,2XP:6X[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^)FYB6QE/3-$)W=I9'1H.B`V-RXU M<'0[('!A9&1I;F6QE/3-$)W=I9'1H M.B`Q-S$N,'!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP M(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^*&EN('1H;W5S86YD6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^)FYB6QE/3-$ M)W=I9'1H.B`Q+C!I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG M/B`\<"!A;&EG;CTS1&-E;G1E6QE/3-$)W=I M9'1H.B`U."XU<'0[('!A9&1I;F'0M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T M9#X@/"]T6QE/3-$)W=I9'1H.B`Q+C5I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U M+C1P=#LG/B`\<"!S='EL93TS1&UA'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT M9"!W:61T:#TS1#@S('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@-#DN M-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG M;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3$S('9A M;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@-C6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P M.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$.3`@=F%L:6=N/3-$=&]P('-T>6QE M/3-$)W=I9'1H.B`N-S5I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P M=#LG/B`\<"!S='EL93TS1&UA'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W M:61T:#TS1#$R,"!V86QI9VX],T1T;W`@6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ M=7-T:69Y/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3(P('9A;&EG M;CTS1'1O<"!S='EL93TS1"=W:61T:#H@,2XP:6X[('!A9&1I;F6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT M97(^)FYB6QE/3-$)W=I9'1H.B`V-RXU<'0[('!A9&1I;F'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT M9"!W:61T:#TS1#$Q,R!V86QI9VX],T1T;W`@'0M86QI9VXZ8V5N=&5R/D)U:6QD:6YG6QE/3-$)W=I9'1H.B`N M-S5I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!S='EL M93TS1&UA'0M86QI M9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$R,"!V M86QI9VX],T1T;W`@6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P M.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3(P('9A;&EG;CTS1'1O<"!S='EL M93TS1"=W:61T:#H@,2XP:6X[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G M:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^)FYB6QE/3-$ M)W=I9'1H.B`V-RXU<'0[('!A9&1I;F'0M M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$Q M,R!V86QI9VX],T1T;W`@'0M M86QI9VXZ8V5N=&5R/D%N9"!296QA=&5D/"]P/B`\+W1D/B`\=&0@=VED=&@] M,T0Y,"!V86QI9VX],T1T;W`@6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y M/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3(P('9A;&EG;CTS1'1O M<"!S='EL93TS1"=W:61T:#H@,2XP:6X[('!A9&1I;F6QE/3-$)W=I9'1H M.B`Q+C!I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!A M;&EG;CTS1&-E;G1E'0M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@ M/'1D('=I9'1H/3-$.3@@=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H.B`U M."XU<'0[('!A9&1I;F'0M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@/"]T M6QE/3-$ M)W=I9'1H.B`Q+C5I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG M/B`\<"!S='EL93TS1&UA'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T M:#TS1#@S('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@-#DN-7!T.R!P M861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T M:69Y/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3$S('9A;&EG;CTS M1'1O<"!S='EL93TS1"=W:61T:#H@-C6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT M97(^4&5R6QE/3-$)W=I M9'1H.B`Q+C!I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\ M<"!A;&EG;CTS1&-E;G1E6QE/3-$ M)W=I9'1H.B`Q+C!I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG M/B`\<"!A;&EG;CTS1&-E;G1E6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^1&%T93PO<#X@/"]T M9#X@/'1D('=I9'1H/3-$,3$S('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T M:#H@-C6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^1&5P6QE/3-$)W=I9'1H.B`V-RXU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`N-S5I;CL@<&%D9&EN9SH@,&EN M(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!A;&EG;CTS1&-E;G1E'0M86QI9VXZ M8V5N=&5R/CQU/E1O=&%L/"]U/CPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,3(P M('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@,2XP:6X[('!A9&1I;F6QE/3-$)W=I9'1H.B`Q+C!I M;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!A;&EG;CTS M1&-E;G1E'0M86QI9VXZ8V5N=&5R/CQU/D-O;G-T6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^/'4^06-Q=6ER960\ M+W4^/"]P/B`\+W1D/B`\=&0@=VED=&@],T0Q,3,@=F%L:6=N/3-$=&]P('-T M>6QE/3-$)W=I9'1H.B`V-RXU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`Q+C5I;CL@<&%D9&EN9SH@ M,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!S='EL93TS1&UA3XF;F)S M<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#@S('9A;&EG;CTS1'1O<"!S='EL M93TS1"=W:61T:#H@-#DN-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N M-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^)FYB6QE M/3-$)W=I9'1H.B`V-RXU<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^)FYB6QE/3-$)W=I M9'1H.B`Q+C!I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\ M<"!A;&EG;CTS1&-E;G1E6QE/3-$)W=I9'1H M.B`U."XU<'0[('!A9&1I;F'0M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@ M/"]T6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^)#QU/B`\+W4^/'4^ M,RPV-C`\+W4^/"]P/B`\+W1D/B`\=&0@=VED=&@],T0Q,3,@=F%L:6=N/3-$ M=&]P('-T>6QE/3-$)W=I9'1H.B`V-RXU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`N-S5I;CL@<&%D9&EN9SH@,&EN M(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!A;&EG;CTS1&-E;G1E'0M86QI9VXZ M8V5N=&5R/B0\=3XQ,RPX,3@\+W4^/"]P/B`\+W1D/B`\=&0@=VED=&@],T0Q M,C`@=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H.B`Q+C!I;CL@<&%D9&EN M9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!A;&EG;CTS1&-E;G1E'0M M86QI9VXZ8V5N=&5R/B0\=3X@/"]U/CQU/C4L,#4S/"]U/CPO<#X@/"]T9#X@ M/'1D('=I9'1H/3-$,3(P('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@ M,2XP:6X[('!A9&1I;F'0M86QI9VXZ8V5N=&5R/C`X+S(R+S`R/"]P/B`\+W1D/B`\=&0@ M=VED=&@],T0Q,3,@=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H.B`V-RXU M<'0[('!A9&1I;F'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@ M/'1R(&-L87-S/3-$3XF M;F)S<#L\+W`^(#QT86)L92!B;W)D97(],T0P(&-E;&QS<&%C:6YG/3-$,"!C M96QL<&%D9&EN9STS1#`@6QE/3-$)W=I9'1H.B`Q.#DN,'!T.R!P861D:6YG.B`P M:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE M/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG M;CIC96YT97(^665A6QE/3-$)W=I9'1H.B`Y-"XU M<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^/'4^,C`Q,3PO=3X\+W`^(#PO M=&0^(#PO='(^(#QT'0M86QI9VXZ:G5S=&EF>3XF;F)S<#L\+W`^(#PO=&0^ M(#QT9"!W:61T:#TS1#,Q-2!C;VQS<&%N/3-$,B!V86QI9VX],T1T;W`@6QE/3-$)W=I9'1H.B`R-#,N,'!T.R!P861D M:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y M/CQU/DEN=F5S=&UE;G0@4')O<&5R=&EE'0M86QI9VXZ8V5N=&5R/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I M9'1H/3-$,34X('9A;&EG;CTS1'1O<"!S='EL93TS1"=W:61T:#H@.30N-7!T M.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP(&%L:6=N/3-$ M8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[=&5X="UA;&EG;CIC96YT97(^)FYB65A M6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^)"`Q,RPV M,#D\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$U."!V86QI9VX],T1T;W`@6QE/3-$)W=I9'1H.B`Y-"XU<'0[('!A9&1I;F6QE/3-$)W=I9'1H M.B`Y-"XU<'0[('!A9&1I;F'0M86QI9VXZ8V5N=&5R/B8C,38P.R`\=3XF(S$V,#LF(S$V,#LF(S$V,#LF M(S$V,#L\+W4^/'4^*#DR/"]U/BD\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$U M."!V86QI9VX],T1T;W`@'0M M86QI9VXZ8V5N=&5R/B8C,38P.R8C,38P.SQU/B8C,38P.SPO=3X\=3XH,2PP M-3`\+W4^*3PO<#X@/"]T9#X@/"]T6QE/3-$)W=I9'1H.B`R-#,N,'!T.R!P861D:6YG M.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/D)A M;&%N8V4@870@96YD(&]F('EE87(\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$U M."!V86QI9VX],T1T;W`@'0M M86QI9VXZ8V5N=&5R/B0\=3X@/"]U/CQU/C$S+#@Q.#PO=3X\+W`^(#PO=&0^ M(#QT9"!W:61T:#TS1#$U."!V86QI9VX],T1T;W`@'0M86QI9VXZ8V5N=&5R/B0\=3X@/"]U/CQU/C$S+#8P M.3PO=3X\+W`^(#PO=&0^(#PO='(^(#QT3XF;F)S M<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$U."!V86QI9VX],T1T;W`@6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^)FYB6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA;&EG;CIC96YT97(^)FYB6QE/3-$)W=I9'1H.B`Y-"XU<'0[('!A9&1I M;F'0M86QI M9VXZ:G5S=&EF>3Y"86QA;F-E(&%T(&)E9VEN;FEN9R!O9B!Y96%R/"]P/B`\ M+W1D/B`\=&0@=VED=&@],T0Q-3@@=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I M9'1H.B`Y-"XU<'0[('!A9&1I;F6QE M/3-$)W=I9'1H.B`Y-"XU<'0[('!A9&1I;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA;&EG;CIC96YT97(^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#8U M-CPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,34X('9A;&EG;CTS1'1O<"!S='EL M93TS1"=W:61T:#H@.30N-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N M-'!T.R<^(#QP(&%L:6=N/3-$8V5N=&5R('-T>6QE/3-$;6%R9VEN.C!I;CMM M87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIC96YT97(^)B,Q-C`[ M)B,Q-C`[("8C,38P.R8C,38P.S8P,#PO<#X@/"]T9#X@/"]T6QE/3-$)W=I9'1H.B`R M-#,N,'!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T M>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA M;&EG;CIJ=7-T:69Y/E)E=&ER96UE;G0@;V8@87-S971S/"]P/B`\+W1D/B`\ M=&0@=VED=&@],T0Q-3@@=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H.B`Y M-"XU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`Y-"XU M<'0[('!A9&1I;F65A6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[ M=&5X="UA;&EG;CIC96YT97(^)#QU/B8C,38P.R`\+W4^/'4^-2PP-3,\+W4^ M/"]P/B`\+W1D/B`\=&0@=VED=&@],T0Q-3@@=F%L:6=N/3-$=&]P('-T>6QE M/3-$)W=I9'1H.B`Y-"XU<'0[('!A9&1I;F3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\W-#$P M.38R8E]D,SDY7S0S-3A?.39E.5]C9F8W8V(R-F(Q-S,-"D-O;G1E;G0M3&]C M871I;VXZ(&9I;&4Z+R\O0SHO-S0Q,#DV,F)?9#,Y.5\T,S4X7SDV93E?8V9F M-V-B,C9B,3'0O:'1M;#L@8VAA6QE/3-$;6%R9VEN+6QE9G0Z-2XT<'0[ M8F]R9&5R+6-O;&QA<'-E.F-O;&QA<'-E/B`\='(^(#QT9"!W:61T:#TS1#0X M,"!V86QI9VX],T1T;W`@6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N M8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,36QE/3-$)W=I9'1H.B`Y-"XU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`T+C!I;CL@<&%D M9&EN9SH@,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!S='EL93TS1&UA3XF;F)S<#L\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$W,R!V86QI9VX],T1T M;W`@6QE/3-$)W=I9'1H.B`T+C!I;CL@<&%D9&EN9SH@ M,&EN(#4N-'!T(#!I;B`U+C1P=#LG/B`\<"!S='EL93TS1&UA3Y.970@ M;&]S6QE/3-$)W=I9'1H.B`Y-"XU<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`T+C!I;CL@<&%D9&EN9SH@,&EN(#4N M-'!T(#!I;B`U+C1P=#LG/B`\<"!S='EL93TS1&UA3Y!9&0@*&1E9'5C M="DZ/"]P/B`\+W1D/B`\=&0@=VED=&@],T0Q-S,@=F%L:6=N/3-$=&]P('-T M>6QE/3-$)W=I9'1H.B`Q,#,N-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN M(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0^)FYB6QE/3-$)W=I9'1H.B`Y-"XU<'0[('!A9&1I;F6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0^)B,Q-C`[)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[("TM/"]P/B`\+W1D/B`\ M+W1R/B`\='(^(#QT9"!W:61T:#TS1#0X,"!V86QI9VX],T1T;W`@6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q M<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B8C,38P.R8C,38P.T1E<')E8VEA=&EO M;B!D:69F97)E;F-E6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0^)B,Q-C`[)B,Q-C`[)B,Q M-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[("8C,38P.S4Q/"]P/B`\+W1D M/B`\+W1R/B`\='(^(#QT9"!W:61T:#TS1#0X,"!V86QI9VX],T1T;W`@6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B8C,38P.R!#:&%N9V4@:6X@<')E M<&%I9"!R96YT86P\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$W,R!V86QI9VX] M,T1T;W`@6QE/3-$)W=I9'1H.B`Y-"XU<'0[('!A M9&1I;F6QE/3-$)W=I9'1H.B`T+C!I;CL@<&%D9&EN9SH@,&EN(#4N-'!T(#!I M;B`U+C1P=#LG/B`\<"!S='EL93TS1&UA'0M86QI9VXZ:G5S=&EF>3XF(S$V,#L@3W1H97(\+W`^ M(#PO=&0^(#QT9"!W:61T:#TS1#$W,R!V86QI9VX],T1T;W`@6QE/3-$;6%R9VEN M.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0^)B,Q-C`[)B,Q-C`[(#QU/B8C M,38P.R8C,38P.R8C,38P.R8C,38P.R8C,38P.SPO=3X\=3XS-C4\+W4^/"]P M/B`\+W1D/B`\+W1R/B`\='(^(#QT9"!W:61T:#TS1#0X,"!V86QI9VX],T1T M;W`@6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/"]T M9#X@/'1D('=I9'1H/3-$,36QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0^)FYB6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T M:69Y/D9E9&5R86P@=&%X86)L92!L;W-S/"]P/B`\+W1D/B`\=&0@=VED=&@] M,T0Q-S,@=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H.B`Q,#,N-7!T.R!P M861D:6YG.B`P:6X@-2XT<'0@,&EN(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0^)B,Q-C`[("0\=3XF(S$V M,#L@/"]U/CQU/B@S+#$R,CPO=3XI/"]P/B`\+W1D/B`\=&0@=VED=&@],T0Q M-3@@=F%L:6=N/3-$=&]P('-T>6QE/3-$)W=I9'1H.B`Y-"XU<'0[('!A9&1I M;F6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X M="UA;&EG;CIJ=7-T:69Y/B9N8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$ M,36QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0^)FYB6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/D9E9&5R86P@=&%X M86)L92!L;W-S('!E6QE/3-$)W=I9'1H M.B`Y-"XU<'0[('!A9&1I;F'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA&5S.B!296-O;F-I;&EA=&EO;B!O9B!";V]K($YE M="!!'0^/"$M+65G>"TM/CQP('-T>6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0^)FYB6QE/3-$;6%R9VEN+6QE9G0Z,C,N-'!T.V)O M6QE/3-$)W=I9'1H.B`R-#6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B9N M8G-P.SPO<#X@/"]T9#X@/'1D('=I9'1H/3-$,36QE/3-$)W=I9'1H.B`Y.2XP<'0[('!A9&1I;F6QE/3-$)W=I9'1H.B`R-#6QE/3-$;6%R M9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T M:69Y/DYE="!L:6%B:6QI=&EE6QE/3-$)W=I9'1H.B`R-#6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T M=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B8C,38P.R!!8V-U;75L M871E9"!D97!R96-I871I;VX\+W`^(#PO=&0^(#QT9"!W:61T:#TS1#$W,R!V M86QI9VX],T1T;W`@6QE M/3-$)W=I9'1H.B`R-#6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B8C,38P.R!3>6YD:6-A=&EO;B!F M965S/"]P/B`\+W1D/B`\=&0@=VED=&@],T0Q-S,@=F%L:6=N/3-$=&]P('-T M>6QE/3-$)W=I9'1H.B`Q,#,N-7!T.R!P861D:6YG.B`P:6X@-2XT<'0@,&EN M(#4N-'!T.R<^(#QP('-T>6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M M.BXP,#`Q<'0^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#(U+#6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP M,#`Q<'0^)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[)B,Q-C`[(#(U+#6QE/3-$)W=I9'1H.B`R-#6QE/3-$;6%R9VEN.C!I;CMM87)G:6XM M8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/B8C,38P.R!/=&AE M6QE/3-$ M;6%R9VEN.C!I;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0^)B,Q-C`[)B,Q-C`[ M)B,Q-C`[)B,Q-C`[)B,Q-C`[(#QU/B8C,38P.SPO=3X\=3XS+#$U.#PO=3X\ M=3X@/"]U/CPO<#X@/"]T9#X@/"]T6QE/3-$)W=I9'1H.B`R-#6QE/3-$;6%R9VEN.C!I M;CMM87)G:6XM8F]T=&]M.BXP,#`Q<'0[=&5X="UA;&EG;CIJ=7-T:69Y/DYE M="!A6QE/3-$)W=I9'1H.B`Y.2XP<'0[('!A9&1I;F7!E.B!T97AT+VAT M;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@ M("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$ M)W1E>'0O:'1M;#L@8VAA3X-"CPO:'1M;#X-"@T*+2TM+2TM M/5].97AT4&%R=%\W-#$P.38R8E]D,SDY7S0S-3A?.39E.5]C9F8W8V(R-F(Q M-S,-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-S0Q,#DV,F)?9#,Y M.5\T,S4X7SDV93E?8V9F-V-B,C9B,3'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R2!O9B!3:6=N:69I8V%N="!! M8V-O=6YT:6YG(%!O;&EC:65S.B!#87-H(&%N9"!#87-H($5Q=6EV86QE;G1S M("A$971A:6QS*2`H55-$("0I/&)R/CPO2!A9F9I;&EA=&5D(&UA;F%G96UE;G0@8V]M<&%N M>3PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQAF%T:6]N(&%N9"!3=6UM87)Y(&]F(%-I9VYI9FEC86YT($%C8V]U;G1I;F<@ M4&]L:6-I97,Z($%B86YD;VYE9"!5;FET3X-"CPO:'1M;#X-"@T* M+2TM+2TM/5].97AT4&%R=%\W-#$P.38R8E]D,SDY7S0S-3A?.39E.5]C9F8W M8V(R-F(Q-S,-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-S0Q,#DV M,F)?9#,Y.5\T,S4X7SDV93E?8V9F-V-B,C9B,3'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C M:&%R2!O9B!3:6=N:69I M8V%N="!!8V-O=6YT:6YG(%!O;&EC:65S.B!.970@3&]S7!E.B!T97AT+VAT;6P[ M(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@ M/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E M>'0O:'1M;#L@8VAA7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X- M"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP M92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA2!O9B!3:6=N:69I8V%N="!!8V-O=6YT:6YG(%!O M;&EC:65S.B!$969EF%T:6]N(&5X<&5N'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`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`@("`@(#QT9"!C;&%S3PO=&0^#0H@("`@("`@(#QT9"!C;&%S M3PO=&0^#0H@("`@("`@ M(#QT9"!C;&%S3PO=&0^#0H@("`@("`@(#QT9"!C;&%S2!!9F9I;&EA=&5S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XV M,RXS,B4\'1087)T M7S'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0O:F%V87-C M3X-"B`@("`\=&%B;&4@ M8VQA2!%=F5N="`H1&5T86EL'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T* M#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O M;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6UE;G0\+W1D/@T*("`@("`@("`\=&0@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@ M/'1R(&-L87-S/3-$'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA6%B;&4Z(%-C:&5D=6QE(&]F($UA='5R:71I97,@;V8@3&]N M9RUT97)M($1E8G0@*$1E=&%I;',I("A54T0@)"D\8G(^26X@5&AO=7-A;F1S M+"!U;FQE6UE;G1S(&]F(%!R:6YC:7!A;"!I;B!.97AT(%1W M96QV92!-;VYT:',\+W1D/@T*("`@("`@("`\=&0@8VQA3X-"CPO:'1M;#X-"@T*+2TM+2TM M/5].97AT4&%R=%\W-#$P.38R8E]D,SDY7S0S-3A?.39E.5]C9F8W8V(R-F(Q M-S,-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO-S0Q,#DV,F)?9#,Y M.5\T,S4X7SDV93E?8V9F-V-B,C9B,3'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R2!);FET:6%L($-OF5D(%-U8G-E<75E;G0@=&\@06-Q=6ES:71I;VXL M($EM<')O=F5M96YT7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\ M:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E M;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA6EN9R!!;6]U;G0@;V8@ M3&%N9"!A;F0@0G5I;&1I;F=S(&%N9"!);7!R;W9E;65N=',\+W1D/@T*("`@ M("`@("`\=&0@8VQA3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\W-#$P M.38R8E]D,SDY7S0S-3A?.39E.5]C9F8W8V(R-F(Q-S,-"D-O;G1E;G0M3&]C M871I;VXZ(&9I;&4Z+R\O0SHO-S0Q,#DV,F)?9#,Y.5\T,S4X7SDV93E?8V9F M-V-B,C9B,3'0O:'1M;#L@8VAA2!);7!R M;W9E;65N=',@061D:71I;VYS(&9O2P@4&QA;G0@86YD M($5Q=6EP;65N="P@5')A;G-F97)S(&%N9"!#:&%N9V5S/"]T9#X-"B`@("`@ M("`@/'1D(&-L87-S/3-$;G5M/B@Y,BD\'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA2!C M;W-T(&)A"!"87-I7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S M+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE M<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA M"!D:69F97)E;F-E"!D:69F97)E;F-E M'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA"!"87-I"!D:69F97)E;F-E"!D:69F M97)E;F-E3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\W-#$P M.38R8E]D,SDY7S0S-3A?.39E.5]C9F8W8V(R-F(Q-S,-"D-O;G1E;G0M3&]C M871I;VXZ(&9I;&4Z+R\O0SHO-S0Q,#DV,F)?9#,Y.5\T,S4X7SDV93E?8V9F M-V-B,C9B,3&UL#0I#;VYT96YT+51R M86YS9F5R+45N8V]D:6YG.B!Q=6]T960M<')I;G1A8FQE#0I#;VYT96YT+51Y M<&4Z('1E>'0O:'1M;#L@8VAA&UL M;G,Z;STS1")U&UL M/@T*+2TM+2TM/5].97AT4&%R=%\W-#$P.38R8E]D,SDY7S0S-3A?.39E.5]C /9F8W8V(R-F(Q-S,M+0T* ` end XML 27 R43.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Abandoned Units (Details)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Abandoned Limited Partnership Units 156.60 1,198.90
Outstanding Limited Partnership Units 907,143.60 907,300.20
XML 28 R29.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Advertising Costs (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Advertising Costs

Advertising Costs

 

The Partnership expenses the costs of advertising as incurred. Advertising costs of approximately $44,000 and $33,000 for the years ended December 31, 2012 and 2011, respectively, were charged to expense as incurred and are included in operating expenses.

XML 29 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Leases (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Leases

Leases

 

The Partnership generally leases apartment units for twelve-month terms or less.  The Partnership will offer rental concessions during particularly slow months or in response to heavy competition from other similar complexes in the area.  Rental income attributable to leases, net of any concessions, is recognized on a straight-line basis over the term of the lease.  The Partnership evaluates all accounts receivable from residents and establishes an allowance, after the application of security deposits, for accounts greater than 30 days past due on current tenants and all receivables due from former tenants.

XML 30 R56.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note F - Investment Property and Accumulated Depreciation (Details) (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Retired personal property cost basis $ 92,000 $ 1,050,000
Retired personal property accumulated depreciation 92,000 1,050,000
Investment Property Gross Cost Federal Tax Basis 14,952,000 14,660,000
Investment Property Accumulated Depreciation Federal Tax Basis $ 5,415,000 $ 4,794,000
XML 31 R44.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Net Loss Per Limited Partnership Unit (Details)
Dec. 31, 2012
Dec. 31, 2011
Limited Partnership Units outstanding at beginning of year - per unit calculations 907,300.20 908,499.1
XML 32 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Deferred Costs (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Deferred Costs

Deferred Costs

 

Loan costs of approximately $213,000 at both December 31, 2012 and 2011, less accumulated amortization of approximately $174,000 and $134,000, respectively, are included in other assets.

 

Amortization expense was approximately $40,000 for both the years ended December 31, 2012 and 2011, and is included in interest expense. Amortization expense is expected to be approximately $39,000 for 2013.

 

Leasing commissions and other direct costs incurred in connection with successful leasing efforts are deferred and amortized over the terms of the related leases.  Amortization of these costs is included in operating expenses.

XML 33 R31.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Fair Value of Financial Instruments

Fair Value of Financial Instruments

 

Financial Accounting Standards Board Accounting Standards Codification Topic (“ASC”) 825, “Financial Instruments”, requires disclosure of fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate fair value. Fair value is defined as the amount at which the instruments could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. The Partnership is required to classify these fair value measurements into one of three categories, based on the nature of the inputs used in the fair value measurement. Level 1 of the hierarchy includes fair value measurements based on unadjusted quoted prices in active markets for identical assets or liabilities the Partnership can access at the measurement date.  Level 2 includes fair value measurements based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.  Level 3 includes fair value measurements based on unobservable inputs.  The classification of fair value measurements is subjective and generally accepted accounting principles require the Partnership to disclose more detailed information regarding those fair value measurements classified within the lower levels of the hierarchy.  The Partnership believes that the carrying amount of its financial instruments (except for the mortgage note payable) approximates its fair value due to the short-term maturity of these instruments. The Partnership estimates the fair value of its mortgage note payable by discounting future cash flows using a discount rate commensurate with that currently believed to be available to the Partnership for similar term, mortgage notes payable. The Partnership has classified this fair value measurement within Level 2 of the fair value hierarchy. At December 31, 2012, the fair value of the Partnership's mortgage note payable at the Partnership's incremental borrowing rate was approximately $11,593,000.

XML 34 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note C - Investment in Affiliated Partnership
12 Months Ended
Dec. 31, 2012
Notes  
Note C - Investment in Affiliated Partnership

Note C – Investment in Affiliated Partnership

 

The Partnership had an investment as a special limited partner in an affiliated partnership, Consolidated Capital Properties IV.  This investment was accounted for using the equity method of accounting. Distributions from the affiliated partnership were accounted for as a reduction of the investment balance. When the investment balance had been reduced to zero, subsequent distributions received would be recognized as income. During the year ended December 31, 2011, the Partnership recognized equity in loss from the operating results of the investment of approximately $20,000.

 

In accordance with the Partnership’s impairment policy, the Partnership recorded an impairment loss of approximately $417,000 during the year ended December 31, 2011 to write its investment in the affiliated partnership down to zero.  During the year ended December 31, 2012, the affiliated partnership merged with affiliates of the General Partner.  As a result of the completion of the merger, the Partnership received approximately $24,000 as consideration for its special limited partnership interest, which is reflected as income from merger of affiliated partnership for the year ended December 31, 2012.

XML 35 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Segment Reporting, Policy (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Segment Reporting, Policy

Segment Reporting: ASC Topic 280-10, “Segment Reporting”, established standards for the way that public business enterprises report information about operating segments in annual financial statements and requires that those enterprises report selected information about operating segments in interim financial reports. ASC Topic 280-10 also established standards for related disclosures about products and services, geographic areas, and major customers. As defined in ASC Topic 280-10, the Partnership has only one reportable segment.

XML 36 R40.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note G - Income Taxes: Reconciliation of Book Net Assets (Liabilities) to Tax Basis Net Assets (Liabilities) (Tables)
12 Months Ended
Dec. 31, 2012
Tables/Schedules  
Reconciliation of Book Net Assets (Liabilities) to Tax Basis Net Assets (Liabilities)

 

 

2012

2011

Net liabilities as reported

    $ (2,617)

    $ (2,168)

Building and land

       1,134

       1,051

  Accumulated depreciation

        (362)

        (305)

  Syndication fees

      25,796

      25,796

  Other

         460

       3,158

Net assets - tax basis

    $ 24,411

    $ 27,532

XML 37 R53.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note F - Investment Property and Accumulated Depreciation: Investment Property Initial Costs and associated Debt (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Real Estate and Accumulated Depreciation, Amount of Encumbrances $ 10,391
Real Estate and Accumulated Depreciation, Initial Cost of Land 3,660
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements 8,540
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements $ 1,618
ZIP 38 0000711642-13-000054-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000711642-13-000054-xbrl.zip M4$L#!!0````(``YO;4)B2I'ZE%T``"+B`P`2`!P`8V-I<#(M,C`Q,C$R,S$N M>&UL550)``/,O4!1S+U`475X"P`!!"4.```$.0$``.0]:V_C1I*?[X#[#[W8 M;)P`DBSJ96LFDX7&CX$O,V/#=G(;'`Z'EMB2>D.1#)NTK?SZJZINOBE9E.C) MCF^1Q5@BNZJZNJJZ7MWZX>]/*X<]B$!)SWUW9'6Z1TRX,\^6[N+=D51>^_1T M.&Y;1W__\3_^_8>_M-OL)O#L:"9L-EVSB_,/DUL5R5`PYG>T M#$/_S?$Q#L&G'2]8'-MA+,YY+)S>*R]7, MPY4BRJU>2K`_'\*!BFOB*K,'ZIQ)?S`2L\7A\3$_C5T&P!SWK M9!MP_<81R-J__8!#WRB:_JV8,P+U!A?SW9&2*]]!$NB[92#F[XYF,^GWVO'L M.T_*/F+'!`@F^N;D<_6MWV3S\<%]\K#;X! M$?+L"]<^YV$%%&(F_->W\K!RPQ*@$WADX^-+AR_*P.;<44+#R;V9C+]P0QFN M;\5"JC#@;OB9KRIH.KO^?'?]\>I\?A+K,N(N_._$&ENG@RS,PK`$ MZ%D4!#A!J6;<^57P8".3VUD.;QI6(/92.B(X@^\77E!!ZMV*._`"NQ6^%X1@ M@\F(=I3P'H\@,348R_B[D8:3*B'X5*L>,RF$%V+]X3N2&/-`$5`#][&5A M%EXO`/LOX3@_N=ZC>R>X\EQA7RD5PM&8<@& MD%J#-@"]_+4*9&8(`36&_ATL13)02H:HWO]-A#E,& MSE[P*Z;2WPG!1^[:]2COCW!E,J`11#V8)6J?A_D^D@ZZ;FKBVE!,JA M^A!XJB;KK:XU/,UAVPJ\(3)*?(\QB:)*@LO?U1=]P,0:##T2IRX"_[7/@!4$'^>CT&M8?= M87\#/1L0-$A.B3WMP>!T$WOJD5-F9FU+?7HR&NZ\5$7[>0@E98VR>MV]*=G' MB(\M*[\,%09V'^,]'@Q&S\(U>],-7^/&5-.&5^]S!M;>>$H3&?9VQG,G9E$` M?A`(K:=D^%'RJ73@<[V)C?):N@GHX9C+4QW6QWPN'Z0-<<=^BV@-K!S*(K3] M497M\4FW!JI(W'N3.43/$J.+6G,:CO,+F(>U+YJROV'U=D5SSY_$GDI6\":S MD/9#49Y'=[0;"G+_8B&4HJ['-.Z6G@B_$1X^[M5W#_CBO5#N@:)2D,D.ZPX)1JTW2WLMNG?3SJ[%Q M(?9>;FMD#79"\4&X(H"0DPJ,IS M[%FCTYU19?0`XL&#YEAR4[?";HB*YYW:W:E(_?A;\2#+DX)[OQ%L`\A+\S_I]O=`GAH@"!3V$X#^IC18"O$PE&4%'I_L MAA*BMS?W'NP=^^EPO]O706$)SA[0R[,X/1UL@9ZN(YK4CYY2EX&W.@.8THU@ M'8V.>UNCAXI)@9-9%)3G$#1)3X73VVN0GHO?(QFN/XEPZ=EIAJ\FB[I;Z-F` MH&&2*CS%@XE:^5P&^#V.$NI64$;XWDNU)W:XEM(_C&/U4+T8F16R5O#L#Z(T MMP3G4LVTJ`H[E51PYZ[G8)2:D[_M>%Z&P++I*N3W:Y.()D\/P@&?1+`0P?4\ M2;?9&:;7]!M3D[HC_$;I*7&JNQ`W-KMB*-Q MNLK*.7HQN@J9@[K\&@QWHJR`I7'*RAP;%FI^^U#V_'9[`\(:A=A_AK7H`BP0 MV9^!J`SAO:T<53:`NUOR0`#]W>[\9E[79Z&T6VX?GFM/E+*6%MI"]'\C;5&@V;(GFRPC;`/VBMKN>7 MTN7N#$9B_TC-C:*0@-@&N!D*2AO"OA10[NZSY\ZX6NZ5!!A6)!OS\`["5W9` M3W;"AW[7&5<1=\+U!RZW]=1L=,.+,.H#K@CFC/]<";LC+8L MB!OCK#+B&LYQG-.JZ<#5#PIB1"]"X.%!0HZ\6BD!VHR27HWKX!SSHG(:[9%( MVB,AL17[EYQ,167FA6<3"*[$N=#_7KEDL4PG^K/]8)4R7:3W603-4E11KVV< MI'*S=4TFC4JK^BR&9DFJ,/WCER+I^7:A*A99.Y)3U4)T&"T5"8#G)*@V,0%X MXCOV4E4PI]`!O1.&AFFJ=/&:)2G?Z5:W3ELVG-O!-TA,Q0F'DT:)*71LUF3- M<\)3A-XD,176N5EJLK9\MU:ORMIQC1UC4Q=8,[259>FYY=N%-O`0P+U?W@0> M.@GV^_7/2H`'D93G)[,0W(?ZC!N,\]3MCN#7^7:Z*WZZ*!.;%ON4R#N%V3_>01-TE/A M%EBC`^E)N'KEJBC`<]1W(@P=.DRE'?H#E+%;)*XFMI@KRR3_:'5!'VWPN=K"B8ADA33NHD-ZR3O,1?![8^KJAVWV#2W M!5Q"_V]?DM:[/)VX*D<<(J8J/-QFU7PK)B32[>'FHY*+:N5H`\$&E% M8J%TTO$YK!ML5E(GV-MX6X4ZQ.Z(7H*^BO[?)JC#,>!\X#_H@#QP!WFM[S\H M1@OU^#?*TU<'TESM(4TGXH2M,:C8J)C`THR.1]`O,>2.Z8 MTN!5*%9U][J*.S.JH#:`N^(H9PW<%#^:"/%Q=F5E?&"R*2'9E9W)V<3&$&\^&MB0 M=/9V96F#-&L[=V5G"H*!+Q])Q>N!`28 M]--U0'!?;@#>#%SS>R#VO>/-?BO)PH_?.N';O[3;8O'4;G^["-_B9Y^I<.V( M=]]RWU-O5SQ82/=-5[KFS_;4"T-O]:8#4[3\4+]%8_G*?^M.E4]0CGW\CM4' M^!8I;','9O3FGY$*Y7R=P0'@IO$?$?[QV0L%F[`VRS*3X95:=]$*$*R9-V<9 M]K"4/RQF$-$;Q6"/$P0O-(:4(XKA7E^M;-+=05OES6GJZ]<>"ND'`9\ M,GEP6-SC7HM]O&'?@8?(B+C?(R]\FRD8I%\R+\B\DEXVF7[W?8MQP.C(N1>X MDC-C:5@&7(L]""94=\,D!=?A,O9N7`X MWIP+6AKXGFZ0+9)M+&J,;Q/I9Q=7&9J95`S!+,Q@7P]&Q<"O,[1W:-1?K5'W M+;N'1P5T"(@S%4V5M*51K0E"0X/$TNX?4K]/W.4+,E7QW97LNY2H"5X.6^"K M'TU!'YTU`Z;;P#P(B1TFZ*`1DRGP,`!YZ!!]V;K29!$(C<[7V0J<-`^+4R1F M>`PBA1785(`,3(;PFW*(K&^U&%T_'+F.@)TT> MX570@?`JV,[`,+E>R*:"@=0+%R<_%6L/N!B/0BKHXK-*Q#-O!6CQKF4O/6D( M;_]G!-SLQ:)76-P<`%VKA;>]1QB*ZZFSXOX#ZWDE@Z3:I(G5]E`Y8H2=?!AN0\8R:5FAR MBQY^:>F'76@I8:8KOH;',R>R!9IN[@B$Q0&:#&S:"=:X=` MII\:((;^DT-/$@L`$X(]V2YJ/5ZOR^:Q]\I4XKXRVV/(J80XV!^XC6*B'P.5 M@9@[-'G$`_&(Q(:P>12"R\O$?`Z/R,CAXT#,O`>@VUQ%ATLR/Z`:K MRW7G)LH!#.$K:I?;\*Z3Z8TA.41&PFI$3LCF@;!%BZ768;D2>BTGKAN!P.J;L%',+L&C8W@KN_;OI"/L`[>8/VD_><\5S`]D M-AMBOJI]A4.(1QXGVK/$Y."4,\9M;NS`6O"`:9^K:-NMV`1I__F;WFC8`A+` MR.MC*6R!QUO0]D!X^8=V?VA8T79S^F6+=!S8DP^.<*>!M!<"/66@)7&DP22A M22?+0J;&SAR=R\[`CLB8XY9!AAU6\4[XH9["F&;0/FKF0CMSXK,[`4\ M7Y%7^IKDU0\$+'ZR]U1NER!:(`085N(&1P+&TTP&N#O)X[RP*V`YR@. M))8HOWB\#SY1"DF!>$($"C*:-9,@32O^F\"@R[`9=T?8&Z.5KV6.]D).FV]N M%PW(3J:X*N=`P+*Z"0Z`4!TVF85H:_7VBM?I1XX-4@]8@GBS]52&JE?CVF/E MD;A"?V1JD*]&O),98D6.B/'H#@+TDZ7)*@*7=_0[D(F7&H:&-6K8S( MH:+04%LW98/HH6324'+6Q!/VM]`(![,TB$-B%Y^PXS&`@NB;<@=;^Q*:`)0/ MCNT321LHTC?6H$^&'\G[9F#IO\/2?M&C%W`':,767SX`@)91&_!;5^@=PO_U M[R9Q%W7)]+!F%='H"-(\%4ONS,E_35_%4)Q\4S0+.(49AH=N:(R(L0SJM5A_ MW0/H5K+1P00ALL=6(HM]R*6R*)HV7$!)?IF+&(R5: M$(;8^`,J.KQD#G]L@:&M'H,BZ5.C`6P%,XQ%02J?20K2T?0EQ'IX)P<"0%&' MO4&'9]JKDD%&`9C"H^G:Y:M98SZ>OOT>Z^;4UTC.CC4<=4;:A[):UOBT,^YJ M9A:=)1/7%M$RKM<`Z=5;#(TF-W&;)U;4HB6W,7,77X/"QMV3%CAX,6WXL=_M M=GJ5U'78E9LE!%-%8&26(HC?YD7"8;PC7?!\U1)W7`<"'?S!2R!,AHXP+J^Y M&J%"Z;F**T:4>C5_&Q+0&+P6)P]OC*;^E1O@645A53L>KV5O^VQV*>8;T:&2 M@/ZE5%(7&R]/H"`Y?C,UN9O,O''>4M4EF)31&:U"IZW!>-RQC)G(XL4NH]&HVC-S/5;T6 MHA@A24?!(.E;5MD&*PMZ9NM(YIQ2(. MRC1*J9V=+-#ZG?6];DE(J*29]4X,.:?CMZ0^VMOZKO=]F7+&DV.>-':H!V0G M]'4+2"9B+R_J:]&"JKG-,`#&.\FPR`"RSY.V&+26CGC2^[S2T2CEJN8<7!C` M_AO8]PFK:3RO<3$FC[%D$F8 MD>>`55"D!*NO2=W4J>HJT9U5\@^A2%LH/X99!=MDHUU!D;C.1INW,R+.D\-! M+9-90VI@N`!+[_E)IQ#R+@PB#0LX^D^LN+28ASW]H,WN@C(+::4Y\V./QE#X M#I^9+V"6XDDJDQ5/5B?^W1_TWTR.3_M:2F3F:9MYZK3(.O#`63/?*.7-=.Z- M9DMK!-L63`%L'^8?F8!U]M9"J"KN4`W;X;3EMH!",8N21D4L[@`J2O$APBV, MC$4D;;Q!7F[M[,DL8NQFMM+Q)@U$/J@YX0S^-\4$/AU1HMGH7H(=5XZX)^DS MQ*N8U?ELVBXT*Q]%D.>YP1<7X]2&:ESJ,G3BIK_"DB6J("IW';#L\\B!S6#WJOP_5W5P`O@'^RAP]J/#.`9I8:% M2TN@Q5KW7+$P"ER:#N']VCVDJWE<>,>^$QF`)=,_WXX,MK$%0Z2=/QML6"*^ MF.@W_3894U:.^:B)ATI;F'+'W)"*2\*2JE>Y]I&IMA@\$ZBV<[724F4ETN*7I>@6KB:*]4&^"Q1E_Y>*>>$3W MJ-HAB^\28O%E0J\FE53.W9L"LXJG')?==`84'14ATD8,V`827YNJ=G3V%BVA M[MF+!^OM)=W$@^0R.+V1)<6]PJY8)D,7+S"SB=OZ4KBFCX\6ZH&C*5*M-,C) M/,18&.V.S5=\81XIGQO+G3;W87",_U+7M3YQ_FH$^B.NS^LIQQ7%-^VC9S5(;A^%\R#:*_#@EM0`2KL:2O8VGXQV(X_:&XQP4/E6*=/6H]TO&"!G MX.0'0(("B\P("R$@J:>B&_D<2\$?])8E0G(ZM()I!UK)E00@<1RBW5/R?2"8 MS5)YJTF)*REAIFR!V5AB0HNR4>BHNNLLT520R#1"H6=;R`9,==M9[)9E6^$) M]C:&Q>U[.GT:5[=3-=G MR42T:)43A+!SX43\VU;DZ'@F_.>9^6>BA@[+,B9].]]I,ABDC29] MW722;51\/C8J%E-TM$7NI+TIGB$I+>RJ7GP!73++5R.@YP(L+\[[=4DG_I3Q M1KGJ6?VX:XD*XML$J)1BXIF[\BM@6R<9H;7Z]*$HAB7QHKU)=^1_[8*5_2F! M1+^P2;RHV]U$GVD-ZBBU<2NS+$R"18,2#$P5(3`*_YR9NM%4%,GJCQ.R\#S+ MU[X:Z)9J"[M:2>-2T7DVDCC=Y[1#.A-B#G1N*&%D((KYG)J1=*K)V!"RG9KO MV:R3\07GYG2*UB/M0V4=G4E!LTQ"4E.G_K\8Y$N,_G^)H__DK#L=Z0VBU:MJ MB$UGESF(?H?541[8BKWWX)_J1V=4Q3+.ZKWGRYDY4$N]%Y.[LVSGQ6EOV,IT M9E3R-'V_E0;K=G*M`)4@TKQ,MA3,IUX49IJJ9`H4#YX)4C7LS#(EAO1X!-6> M=;LM`\].SV`X[;\=N_L`.G7;.[IZ0XZ MF5WLIP/9IA/MR))'DI/._OI;520ERJ)L27[)MH#='L>6R&*Q7JP7N8.9!\$7 M/GI,)_+@$7G38EB:QB<%KCAER@K4!&%0=7Q8'F2,28GGEU.)'AA&[@.'S(J- M]SC)$)Z"(QYSZ<@6GHRTNYE.\J^)Y$L MJL]>!/HQK"(!.Z:/ZER\OXX"],:N.UE]R[RUWA M3`2]^`F:EQ5CZD%T"X`MD*=N[N@HA MDE%+P)(DQJ(,;V\<,%\<2F6I(87"!PU*KCS4Q"'+_Z*2? M\1K]VXLPVGK4[P_6`Z-2%_0!XJ;\I)I@`1\M7IU(?R.7XB.\?D6NDCFR-+HF M(BM!F38M8N(*GA5V%]!KX>)I1T&TEZF8`,@00D3TE(&Y%*+]`(8/X0\1[@3D MQ07.`JF1`?H$VRWE^RIU(.:DSPI7WDC"&DA@TVM&IZQ"#53&J:>:)/.VHQRH M^.&85F*C0)=GV-#@-Q4:0MV?A?)TB;M\WL;FD'/NE!O+&\HYPC6'"S@D]$9T MQCL;L_"./=!F?9.IVK$-^-8`>T<80>UAZ\ILJ=9.^D7%THG=@E,CB(PKR:_/ MU@LG7MZ,Q!@CQ:.R87C:`N$6,%GLIK&(8AL]X"!PK<=+B3-+XB+;2X@SQAB79J)$GF-@Z#,340(33Y42L!+4.:LD& M*`GOP;<68'^1GSG@)]BY]6\,^L*.>W/*#K].Y+NG]S2=NXLE_Z@NJ2D)KH:X M2"S[.*FP],;?_B^E\#ML%O)/VTZM?D6CIAGD&TOJ\=5&5D<%LCKX>B^*A_Q5 M=`$Y/3&E[$IH(RKACFH"T4#GA;?*[VVLV8V*YQ,25VE*>N#V;BMMLQUY,<;+ MO5(U%8^[55NX]85MH*+>27G<0Y-3+=LB`R&^NH/X6S1AFP$@B6GPBZMGAE&D MMRX*/8?//(5#)8\6P]SY>^D'4SD$.$`5B(H\>%M?&(R7*:->4-YXV;2A7`XAE MKNX\#T,RH_<#/O'@8\H.?;>021EKTIKB)&9>J``8YV2!^\3W-9%TJ="2W,6T MS4[%I[(MD[)CJ]9M>Z"$&,S1+@)CY!O*$?:J/%$H%*#4DV?10!0+U)R[4@PF M#O;\I*((@R<6\QP_%M-!W4N%G62Q/.Y;N[>[?5MQCLO6AJM"*P$G);EJ^L3= M4W\I/^F#3Z!B-?"2SO\NMB:#MWE4DF_"HX+A M1`O/.-5F$C]3<+V-)H@S*&X.@EI6U0NT*DU3,UZ1*0XI6J.XW[.^<,75.VV,"/(H")'99%LL,Q M5./4?DK,,O9\D+_\9,X_7X7>XBTY0&`M[M1[QGD,L]F"*1>XO>[#6_K+`-#D M_U=.\+J5T+C*:JBR7K,\Y1OT#;UM]M9C`&`$R??VBIY3ER.!71T0_U;?3("? MBO^ZW(-*S5ZE!;FDP)@\T5(/@;@W)2]/>6`)FY!Z:,<64QR7"Y@SNY*]KLCT M4NU;T1L%Z4<-M$H7+P#Q[($>\(/X\)1^KI*U)B*[9*&> M-!A9Q51W(&S6B!21BA*+`=N,)^/(OLL4F\IXF!ND#+"@! M/3^)$Y7G%`]HI)SF.@8BZ<"QH<` M<1#B!+0'PHYJ&.,E3SA!`T:VG`EAW4\>(06K$80RL0#8:>1AS5P.E]B>=.7X M;"Y%;ZJ_U34>140[;&'7))AJ`TVO82)1/(P:*XBX5U9(H_>9S#(!)=[+$\1! MA>QNZ0"QM`2UGI-G=#?;T^6$KK68+GGJ$1\FU8UT^=83RSIU6M8<\>H$K$MNCOEY3=JV1$W8]A5:&OKY`7-!47OU6B8TC\" M15PR$B8=[\E([O@,ZA/2H:LIE1`KU\;0]3(+1KD*JUVT*)%"[8&Z4/E/>R50 MK#>,FW\D+4\[<6L"G6PG42DT*`:>Z(2DSHC8HF8V,R79K;G2+B_R].BAE+I9 MGD?"944QJ:1N';Y#_-!&2CM[J<)6,79>BJJ MND4!O4C4C1J0I]PE69W2=4Z2:#B!0CS68,0IOC\ATN"R]7-Z_9I2%G)8GK@+ M^(8WZ?6GM'^1E,VZX",NL^<&O![=/K4N3E?E:\K,S('.T9O9!Q\/A3XV.>%V MF2J_UM`[G/-=28IK#E19YZG&NK'GC`Y3O!'Z)B=GHN0B:;KPTCTLC549D$;W MM5CF7)/R@_L`;`4V%`X\?SU`?ZH6:./;*KBS145Y<.Z!R(N<:#M=*,VAU ML!RW&K2;.EV<7ZWDE`]V!F$OF$P+I&1L3*3DCM[00_7,1Y!'UA5?>:/;Z_-LUEMY=5.FGM&R M9*\![$Y4E`^=.\!7(IF-5H>BI+S`?C46#CCW7?:B^L7(QT*.C,^4S>HZ.GM=+%> M;(D+3:AJ.3JUIY&5$9?-<4F)WO`O(#42TN8WD4*-?!S<\@SJ"DN:CZJDD;`; M]),`_@P%SCT/6V(1"-!2H@XR(P/>IVKTF8<-&H*W1U@]STG@;GZ1E]H22:D3 MYCC8V`7X3O.+B`:L_/)L3\-'\=VPU\M,;^61@UZS"W"+,,D$D&`M`O96?EB) M@81^8IQ'GAG9ZS03:4#\T6D"D':K(P!Y4O-O0V^A@8]>?&NVS69/"=!@6(:@ M-:)/:R$XQ-:]":=9*S9;/=V*^:R9B^YW$D&IXFM6YYI0&O^6^&Y4`=T".0OU].N$6J:VR'TO%#W&[8D`DOBEF?PBN:: MHE2'HTWF>)1!VZA5`FO-`09M*XRT.]X"5D4,1]4W^+X4=9E:V;Z)N@9;2O?] M4Y>H>8PQ]`$C.*_-GTIAJ5.&!X=FU7DP+;X^+%F,,I!E*AXW8NU-Z&\P-T:( MD6-:&SH`CFQLM,W(+DQHS.)HR"V^]%C8.[F])I^?MPS@L!K\M+4*7(>+_/KO M2+@H0REZG;8.#56GB%+&N5YEK:6&W/KJE/"@5TKK\)!?(U5=0FQ6-6:[V>X= M5]GH0=C+;6XBYVT[$S#'B6TW7):%F$KRV6A8%!&]X5DB8J]J^*0PL4=%?%)X MV*LJ/BU,[%,95QL3FU5QU\35Y-7$6ZE<[51E:V(U166[4ZO;L$;&*O=.#Z\B M@\-L-3JC4O[,2)UNHS=WNLV)5?7ZG>V\M-LHP>/OZTJS3/K0'V[E@-U"&1X+ M'_VF.?BA#*N?(E.;K3MS0I@[H>HF3'?2&'#\@JDIWD?[XKGR9AY_ M+FN)U`D291I1&M-JTE3GQ/.)[S-1:6.^Z\S^SJ:\8#]ZBE<380&TB\G#F.H6 M75*)9<:B\0A6)F/"H*ZQI9*AG'&)*XP0O^_CQ6]+IF2`Q\6,V:U9DLNRYPN/ MRE>Q`YMH'&4LF$M)G/9,UN8O9-*@[)O:-#XM?2P(:XC&"ND;Y`+/F>C[6@Z\J[RCHY#&D8P>633I<.;(8N88]2[:RT_ M*V4(@%A-Y6PB!\Q(>I"/D1*&)>U91DRL#':;-Y96(27SP9IFJG@^%:XL[`\U M.ZV\1K!F_CV8A)J^CSMQ`@V+H\9LGR=J-GN%VF;3W!R@V2NUZ4$X#E913E:% MU*J$EU=:@]`_2CGP>\-!&0=^39DG=1JN"FI*Q<37>/"WZ)RV M?K_B&MJ?--)E03^RFC2VYR1W+<9'$"MV=R?T01ZEQ[7=W[<',E??;:17.;C6' MK>;H<'F_6\K>7N$,11-@WBY%\7#+:W>E:MDR9=GL5C]5]\:U0VP`@U>.%Z"` M?N&$Q-%HVX3$P]91[:@&H/JR8/?U[547#[LOLKLDB1'91O?>FL:`M1BIQ4@M M1FHQLOMRW5IFU#*CEAE'+9(Z[HK/LACJG>Q26'%)N'=$?&'AIL-H+1]K^5C+ MQ\N2C^AB%VWY+UU"BB[RV,&\%I*UD*R%9"TDQ3RWS`^P4_*E2\@[M:JCEI&) M@)CTWGY@P<2W%^D0=86%Y.%\VQ^ISH^:C0>ET'.>O4LD>CZ#.58*+6% MB'W*W)-"Q#XE;*41DZJ_Q*=XN>U!][\"O/EYU>CW'RW6- MZ]#X)[5Z>F_YOETHEM4N022MJOO;RICQ-2*$"*M;AY^UL_6`J8*U!CIG#10[ M8<-TB[-2AGDM@FM$U+JHUD6U+JIUT8'*/FI)6R.B5CFURJE5S@Y4SK`PQ71' MIYWO>7$9KD>X1>RX.WP$O7AQ"ZZ&U*\-@0H)N6I@HC8$:D/@@GFD1/5P;1_4 M]D%M']3VP^M460FTAU!;" M>AXIWCJB-@_.0%LJMQ9<."8^\*N9+]QH0"Q6V6J8O7P=I0YHHU0`+YW&,&>GK4.JZN,C1L==O4:KUZEQ)>8Q M1_UA10R:8Z&@-7S3;K]IM2]=SO:N.BWCQ5^GF\^G3]\W-O'UP#ZSAS0R: ME3!ZXSZ!L3(']!BR"[J!=_8H`68CX;^-WGR[/X#/J7EA&F#>IK`]H`:[^^]2 MV&T5[L;9[G9.Z^;-U8;'IKXS1XDVR-5OU?\O9OF!\=&=$J?&7:+V[Q"^0,I" MD[S@DD?=ZA_NI;U8NK'8V:,E7XOMFK%JD;W+9DHU/27X,&VLELQ".5-Y52NT MW7JKFVW;/29G:>;?(5N]LQR\)\VP0F/,X%T7H,'#X0L8E!4A("T"]N]3,\Q. MH]\:73H2NHU6>U!KIPUL%+E-[/G"]YX8JJ="%]2)!5&56$+`J,:-V[0S4:KU\J'RLW,W6XWC\S;6@CV8Z\R=UHQ2S5C M\4>._VX1++](9$FCO_;SU0[TVO-2]9X-I\X^3E3CDA%KKYKO$ M_)M'(Z-7RIFPV^@.J^+K/!Y"%(]+MS'JK$/(I0<.KF%^U$^!,7F$ET%KA9[! MOB^8&Q1I0G%^/O/<7L]^KU\C*I?+L]7:3L]UCNT5T4)P(0Y/_=)K?^E=UZ.6'9H^,SM`:$2_%S9JW^@+Z[]?16ON3EHM$6'P**^#ZWJHO(<:C= M(5=]6/IX_@L?&;%3@+RUDC%-]^I2]0,F?#;HV5O+#UWF!X_VPO!)U4[IB6?? M"]F5-YL9"]&!T5C(1`#7,QS/?8!!QPSG7`9H(C\"/S]:\+8Q\0(XDEJ!'9#* M7L"+W^VY%3+GQ7@U:C=@-33'*Q*=^&<#Y@X6;!+:3_!0@WZU%*_15/$:E1NS MN3_,'V)W[V&KK(<'GSU@.T!",*`!-]".$$V-/Q7$7JUHU2#8(SJR-"ZT_F+MSX'J-KMF+ M8>LV!J/NVOW_^L/39/6S* M.\>;_/'+__Y?__6S?/&&X+ZWOFL>A-UQ<2N_L=G??OR7V?[Q%YSZ_UQ=L8?O M5U=2^.S8SSI."+LOP+O&K\:5P>$T`-!4'NDX%G(GS16J``/BF#AP1+!G-HHQ M(!5CH?R\@?*:B@:YGDP\'Y4>2B.0=YCY9`=(Q#A(_#+0*TPZMZ;(B,2/,]L% MZ\:&*8(0*)2RI22O*K`V<5.H$DL,!L,"(>D>Q1E\MO!\9"@QBP(^2.VE[]*+ M-DPE%WP&`F_F.8[WC!H&N1X6NEKF%V'%92'''HH`N<6A0/!K_.4GB3++HGCKK6[> M.$@^*7Z+=ZN0UQC-6?.%E5E7`RJZJK)KF1O_['CE*,_M9\Y-VO=6( MA![4E5Y=-.PJ(+Q'IME[./A+9`/%YF)5.&@7B]?ZOU]M"$2][G9'E7%I'PT) MO5'O$%68I\P]U].I\1K.`LM)F++GSXEMJJ10CK"\G:0V[-.TVCJQ03V]`8+[ M&^C^,_D<7&/.?'3HHF]U-J,S-IR+%>=)55AB:P25R&9XW6X,!F95U,@1,)`; M4U=7VT8_CZME]IS+H,.9FA!K3.W9C/G,G13IJKEG';0]3G9-<$HF3:=7$:ZL M-IIZZXI0:_,O84V_?[3=JBC*BB,J M_K2N:6?-G`GF_!H^LB*I0B?.B27R^_+E_/7[E?//5QR;:1QV^KW:G7\N[OPS M<:D<>FVU>@K_NIIO@$[XJM#Z'GW.:5FJR[M\W6F8[2KFEQ\2,7K[3X,L$T+GO`E%1>K4C/ MP/ACF`0;^B9S2K?,'MTY_G(,N./<4Y7[!KV-]TITMD])S:<_BE\,T^YN?='= M&=M(E>AS7RXOM5^XX')4_2[M*EH.V_[_M#F+$NT4<7Y!^79:X^(5)DCTS4$1 M(^L8#+6_Q9O]X2'RZZK/-@63C]XM;0?AXA82_'.)_+.!P,R&V>E>(&=M1$OK M($D-U>>YG)'3ZXRJW)KEUF7^=?KM2U1K!1#4.DAJ^=FPX=V+.[4GW-+7E=_5FSHPZ= M:=1UTC?:ZYJQUQR]P;DBW.97L4/]$OG:>!637;O;Z.;TT9TK7R;0,6CT.OD\ MN<>+7<5MAM9U"TJT%9(!I_?6P@XM!]OX!!7N,/1W&8/MP?8`G*%OCY?4.'=E M:\ZAU]"-BPUA6KJN:=@J"$."QE3!@;&P7BA.EFY7UA[Q_E3/C_;D$7W'/@O0 M-S^EL1E,/*=C^M='VP-F#A\QS$_-W:CA4.@98V909<+X)04.Q3`?+6>&$T^8 M'UI8R2`>P*H&(!X7NV+!@S@V#1!8'-!?'>:.?7OZP(S?+-?SC6M\DWH8-8UK M>#TTGJW`");C@/VYA*]A.5,6,G]NN[PY$37-H5YPKI>U@&?F,V.Z9%M`D]Z& M"/>$1@SM4H06L14^>@&+<3#SO;G`O5@/@ MF\]M#O:U.WT/O`MS,'=B5YJY;U3F3@"]:LZ,-2*X>LR=7/`,%I1XW6$AD/&5 MB%V_O6HF7M$T&ENZUK/E<_9V7XP%;WUL^#`R\)GA6B%0#/QF!S0,SU:@?F66_P($ MM/0#`FR\A`=8('J!X9I/8JO6SO$/6+:W#&321<.@-FL\@N!-+,=PK&>24/\& ML1)CTWLFWL?M@2^LT/-)D,HX'N^9.+='>V M9/@U+L'#8[$Q!SG#',=R60*@IG&W!"E(&/-F`#O>\8FR,D8+BD8@.P,[3_K4 M"/_YD=&81'.(516IQA\N>X:Q&OCE,T5&@P48!#9J0D`QE]L^@X4&U/..HV1" MY!H@,`IPR'7*[S0FM=BS;`<9`(#A.Q;MR8O`*G;M@R=ABACY<^O%L*9/0`6H MA*W9#.G#FTR6"\N=O&#;2?X=:G*I9V#WYW/,M*,XKZ`(B1J8'H8B@N!-_U@\ MPB*ZOKMI@.5@B1L%N#:21`7G'&_"*^U)]W$I(.4%3J<0FF%-^)T$8Q`#8'RC M[G_P8#DN`6H)X='#V2V MC]6E002*_EW-O*!R5/&"BP*66KH@!?DVTKKEL&*O.%N*;HF)Z6+H[FFBM3)` M<#R,C;J(QJ=]$LM!R95:#WO"-Y[1+(SD@[!P-4#\!S MBP666?3=3R##84;'!KIT;*3PIQ@8ZDMPX$ MTG%I.'`\71?AB>6B]`;9!U3/^]Z.&2BF:?060D%=2+03HRF$EM@T%L6D[O_? M$K#9EJ2WLKF)`9:^SUT&(-:Y.274`HY#(AE6PLT6W8$(S7O1`OG&<6S7LX,< MM!3/RD#5+ZV0G[P"M#QAB$ M"(!;?^VZ2Z#O;Y24CE3Y"0Q%PVQ=_3R6HL5>V>E=JR)A-N^**XC"0:+EF1G>J=!QE7'IA2PG$S_E6[S^]4 MF5@!T!*(L0=T<*)H>X"CGA+K654-%GS=&L;O@;A:$\?!X@EY,0-*LJE"3^H* M,%H$@Z-&XM$AU[ACBY`O840K:&E).A>!)DCZ]X!]G7T40;C@>+3[._?AQY"< M$]E2:[78-:55RMP=B8="UW/$UZ3\[M+) M^2XD!/H@V\!R2DA7\B'_$4==N0X&#;R<+SCI\3@,=Q>KNGKU2A;M&L1%5C&+ MNA@Q;!K7DQ!%-%?B@7!1\>Z/4J6C#RZ"2DO;24I-QARMX!%=3O`?=`*`"HGE M>07D,L)%N*$/"H1G0^31"B?X@2DKE$8F_0#D_T@TXA(=C2WW#Z2.,`HIH587 MT6X1T,9X$[XZ!?H+B+R1/NE5,@SQBAKA:'70=S_7ZD5N41!SCI:H15D"8[2)U3;#"CL*3DEF,2B/HGL@ ME+$*7`(6;\.7TC7,Y8.>77+Q1(*+/N)L+V`*W_%PXKT7I?(P\>+Q>$B]V^ML MV.:+>M76(Q@'8RS&WWB_EOYF+X:O3ZPEAH]XH$0<B=-I-JM'R]_C;AQ\@-7X`KQO^PIS&,&CA:H(;5/%HX!=`Y(7@J4=<5SQ M!+&(\.&(+J.#LH,P@DWS6M^1"?F]91K<*;>?:5@F!P,0PP!_OKUVR$$'4'R= M\:>PMS@P7"(S['C\(E'(?P(9!D=LV+1SX9P>`;HAS@Y<.4277=)UA"Y MZOB>JM=.+FD[XB#;7\SNX*\<->+/X5]_`E*>^,P2>1EFK]_L<[/+;)BC87/4 MXLAR!N!`;-0V^395GD1F"\SU=-9QNU!@VP"25L^&>GU6JV MM=#QS)<8$'1-@8S!3`+QM+4*.&8&V2X89\$C*F('3DB8:`Z`V:'#A)4<@GX+ M0AW/6]'UF>09%I\%""@+TBR6X)F(E;ZP$%GMEOF"29592-4?C;FP/H+N[`#8 M=)%A;HFY"?\G'`HSB`1]>X:FU(>9UXBDL#JIC`O"3XM>&4Z%C3>(;SMEWV`GNFH]V M9[Z`7:'JH1OI8N1V6\"4=4YEAB5Y7EY\#PP_?87"WB@YSZ M^8SD4A8)&URUX?-YV2"JDJ&[?7SXC3S33.3O$UGS-#0C7/HN+8?F;9[XZ?5F M)I,&,,7&]D&2H;G)O?_4DH3%24X9,BPB7XPSB-0B192ESX^4KT3Q-?3XHYLI M4'.V5S)EQEQB6!%9KH*Q/O-(4IR$=NE2-'E)E94B58=B!C/'>PY0&DBBB,Z4 M@@`;JPM6.%WA^9N9%DH>@`E6N,!Z>,`:FG`S7"DDBB(*$7I'5((L!N(E5-*A M1R"&TKST.Z@'BG0A5X*K*]:7/^8T@**#]#TR5G@'8M?'5",1?CJ>?<3A,21` MAH3H;)Q4Z6"!B'D'99DL&.&%6B@7>;*B?)DKFUBE`WDR M^PFE`%=K4:1Q14>FP>#1$G29HI)_%+V70[Y13Q8*IJ`1GY"4'_&LC5)H:LVM M!_$3%G`R:?3)<(_GBCO7$,4^,^>)7J?X'MD>C\QZXJJ+A;S,CUB+&]*!/;=A$'D>X68J MV4!P!E:A_,9!D<&94(F$H(>7D-`@/YAS"9@LA=LC+(KO`\7["TG+@$P***L2,\N2[YY9[1WF@8UBP44%B+A:,D MNJ:$0X-V.9KP`0ODZ%48L-,"QG\1B<'H!X^GP%!@UAW+S46DU3L,/7V1=3K..-T2L*VI5I$`"J'*5>CK= M0(8K[E^0?##A>V[L5H9B)5QG1JZ?/4I;@M-6.; M`X6*S4Z7-YU)TF6*WDAG\>*$4S_QJE[=B.$P`7Z5V5L1@],>%.%R86BJ*(P. MDV)*D#@Z0.`M_#@1D:HQ6P6K,XK`PM*>4]\-U*1*6$CSF0;"AY%(=M*-8"N5SA+."PY M=$$I";U>ZB8$]"?SF<<;B\>0T@F?\0SH-(@@-!<2S M.97$J[N.4\_O,$QK^=/`>.=A4Q3M3^\I5B9LVWMO84]$:3*E?US?O5>3/X;M M7D-)#M'B-'Z^$9_JIU'Q%D4N8G>.&I.VQMC!)4[KLN-!&ZO-'9(5'A0$YTG" M!ACR+.0&>=0\BT*7Z&B=R'-*Y(2+86D:GQ2XXJ0M*U#3FD$#\F%Y*#,F)9X; M3T6,$[J:G2"S8EL_3G^,;F_"$UYTB&-Q4`//#?0RK&+".U,X5`?'$86E)6FO MM!U5#I"D%O5Y+T(H*#B?@QQ9^E'U`CR+(2D2'SY#EUS('CR?X(F2`B@3@?=S MBL*XBV4HPJ^*F*7KZ==`'R! M+&5[5U1?Z25T M"NV``@-?S^I9/%T2FDEU4>LKW#E4@IKB&'T5C:#QU!8"&0LI@PD`I&-#"TL( M$S*&]X?BCGMO#5O(I<1;0AX(#PY(/*@6I*BYJ5SUM\J;8^;8[$FMS]:$+LA; MI)-^QFMTBR_":.M1[3]@0RDLTY$='']2+;.`CQ:O3F3@D>_Q$5Z_(L_*'%F: M>A5)XT&9-BUBXNJC%787T&OAXOE/0;27J5""L>2GW^@I`S,V1",'C#K"'R)* M"LB+2\`%4B.[]`FV6\KW5>I`S$D7%ZZ\D80UD,"FUXS>6X4:J')53S5)YFU' MR5CQPS&MQ$:!+M6QH<%O*J*$NC\+Y>DF`/)YX",.+9#8V/-]?L4@QW'ZS`%G MA]Z(CGYZ:S&7"9BLSV8/^-,WF:I]L/KL?$:C`,^(X(LMQ+<&6$/"1&H/6U?8 M9#6VA=(O*G90[&.<&D%D>DEN?K9$%T7>]"5JAVC016@@^@(FR_@T]E)LV`<< M!*X3>6UU9K%?9)D)@415?.GI`N;PHU_>>>E4:<^5B4492#.%/=X8)ALU\M@3 MVXZ!F!I(=+J$\O65ZCGH?*5G"W;\V\II^(;2RK2ZZC%@]*J M)2^+J-VT\;ZK+2_G$YRC?D6CICEI=16KS9;5<]#!@B.LI?11?0 MW1-3ZLJ$4J-B]J@@$NU\7GNL_-Z6#3QIH*P(>3%R2\KP"7#KT@&A_X&-PWOD MAB.*[JR]W./UK\->+Y,N^*URO>UO?^UUDLU]=6WSVZWBUPBTS;S7"&@A./;= MKRWM10%\ULQ%]SMY[PK(6//>;SF]Y2<<4)COA"-#*6".A&ID(68*TURH`SH$ M\I?K:=<(+7EIQ9G2XF^800`&SRW/0A$YL<(8YFB[$=&#,F@;M4I@K3GHP5(J MC+0[GKFM(H:CZAM\7XJZ]#?D;**NW'?D'(VZA,\AQM`'/'V^-G\JA:5.&1X< MFE7GP;3X^K!D,BSL MG=Q>DX?36P9P9`Z*7"6J5X'K<)%?_QT)%V4H1:_3UJ&AZA11RC@O?JE;?GUU M2GC0*Z5U>,BOD:HN(79T0>!^EV&R[(04TD^&PV+ M(J(W/$M$[%4-GQ0F]JB(3PH/>U7%IX6)?2KC:F-BLRKNFKB:O)IX*Y6KG:IL MW^N_PY`32E^]]Y[=1V]>Z(KZ#6IU&];(6.7>Z>%59'"8K49G5,J?&:G3;?3F M3KO[.=EW8;)7C\?5U)5J4/_6&I?6YMKPR/A8]^TQS\4(;53Y&IS=:; MEOG&')11=MMHM6H2^ZC1-;MEO)WZF'XQ=<=#N6]=SU6BMZ4D3YF1=(*YS#A: M"7_:B0M$^4:27^/NY(8M"9U(B/'0OCY;19\G7WVW(=[YL^K MG'L'"YX ML'V/3'QZ$(Y&?-VJ$%^5\**C/94*1^NPEBL0M#GI8+]$J(/@:#38JPP-5@L-!&2]939DG=1JN"FI*!9[T;C+^Y]1^RO*9Y7.%15T]XT[<,@GG MQK7QWG;JW(0-U:.VS3A*=5QH^RQ=ZG=W[3/+E<[5:15.6C*'K>;H<.E<6W)[ MKW#BB0DP;Y=Y2:'38_? M46IG]67![LL6JRX>=E\[<4D2([*![KU$TXT\ME`M1FHQ4HN16HP\;%&%5_'7?%9YKB_6]H.`EEGS$ M]G;?>)>\2Y>0RHU_M9"LA60M)&LA*>:Y%9[6,3`3$ MG.AJGZCA92G7[3&$Y.%\VQ_=R7(^IDN`LYNY5DVB'@X]G\$<*X66LQ2[$5JV MZG]REI(X0LWUY,^E'=BYQS7U#T^ M9HPD4NA#I]'OMZIG`%<36<-&KUL.67LUB:N)++/1-_,UNLEJOU`B&WSE=A;^ MQJUCN2$\^A$,]P4.5<'^"WM,'A^9F^Z]N()357^QY6[]N%@EWM$D32JKI#KHR= M7R-"B+"Z9>Q9>V,/F$M8:Z!SUD"QEU9S06& M0(6$7#4P41L"M2%PP3Q2HKRXM@]J^Z"V#VK[X.1E7VT?U/9!;1^LYY'K,N7U MM8506PBUA5!;""98]@0A\NZ+MU-Y2RY*T*+ M*$2TRW7@.8+U<3C4W'NAL,3JQ/R$E.&"N713J[/&SGO/#4)_.2F+G;.T9R+L M4(,BG]6"6*.?[!G+A9;:Y#D=%TDUG&J7P4BGD9U923RW5X,B!CY-JV;57-CL^LLQ6P^SE M:SEU0!NE`GCI-(8Y6W$=4E4?'S$Z[NHU6KU.C2LQCSGJ#RMBT!P+!:WAFW;[ M3:M]Z7*V=]5I&2_^.MVKZ\]H%:T M^V_7UVT5[EO9[G9.ZX[*U=;`IKY%18F&P=5O:O\O9OF!\=&=LFFB7=+^/:,7 M2%EHFQ9<\JA;_5.N-)Q*=]@Z>[3D:T9=,U8MLG?95:BFIP0?Q@:EL5TZQIG* MJUJA[=9MVVS;[C$Y2S/_#MGJG>7@C6*&%1IC!N^Z`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`-``,9<6/843E-N6.3>EY,S"G=):J\[55&4%4=4_&E=JZR:.1/,^35\ M9$7BDB?.B262"?(E&/3[E?//5QR;:1QV^KW:G7\N[OPS<:D<>FVU>@K_*I(% MC)!G"Y`3OBJTOD>?L[T_,]#&E%:!T-AEI-'(Z[`OC'\V$)C9,#O="^2LC6AI'22\7WV>RQE#5'O?3%=[W]0LEY$# MU^FW+U&M%4!0ZR!)UF?#AG\+RW&:M0PMN1J?,:YNQ M43/6"F-=6([,IH2K=8[1M3[D;LGK4L^:'77H3*.ND[Y15=<#M>;H#FC.U>^3*!CT.AU\GERBT9QB@=A**8S9?;; MCVYHAR_OO?G<<^]";_+'W:/EL^#K,@Q"RR4_QQ1.77/+"?[VX\V73S\FPCJ`678"CA>6^Y$QO5PO\.T@0)<>Y4H=#1L M]OK-O@!OT]@[`<+4`6&.ALU142@4SBH,QWJ&%I!LGF!'L.AP`K``O3?;Q6') M^%T9X3I\)UO!?IWAS:FWS,=GWEO.!+U0U-6R..Y4>'<#Q`'7I-^#81<4KKGS M)+]910['9)N&2/M]5T*5G6Z129[@.;,=]GTT^V MBZW[FH'ARL M['G^F?8#80IC9F<["$D+*`\*VOKD^?>/#-FJ*).T(@V\=MA=3)Y6_SN=',RP M3L'5=T;Y`,"A(R`^6;;_#\M9LM_@C0>P1;YX(0L^LR?FM(O2J]D;Q9;;NH&C MV:6A&9M!GQ@+OC$B(92_:VTP#0[,]B""8//@.X,CS1GFJ`P(SRTG*@>%1R#+]+8+1F1AE8OK&%]8*T]G4FGP,9 MZB_95(ZS!88&\9X5FVB.%W+-'W<'4&FNCV-197H-GEZDNO\+^EMZ@V^T.FNW>>N?$ MZC1KX+IE/GHF05V7!NYVZ;,??VDU^YU..PNN-=-$P'W\$,P(0/H"B!W*8,&]![;TNG>1AMB2?\6Y]A3&&]M&FEM$>WUX\` M*S)/FNWAK#5A;!I9#.)!P;#WGCIX02A[9K^5E@A%)HS`O6-AZ##1-WY?\'9: MG=A2+S>C8NWQ*Y`L)W/A-VXIP#=$L+:;>,5-.`YOZ+Q"X1;+]U_0DSO'8Z0" MX54G)??^Y[/G/H"^F^,0]R\+=B5]&D%*<;8Z(W/%BY@][6[@,PO!U^NO>CE+ MP0?"W?:F]N26&U-K`/Q7(02*TV6N2=>`%]DG0!1W(0FU2!MML-#R`2L58*MO M#K+`70?$&MA_L\*E#XKK`[Q1!).@^LS!E=FZ:IE9$*E#*\XOVYW8"\L1-[%\ M6++KZ,F=<<:H:W85E]B:*1.HP0GNQ03B`1M/.,*(![T>C77C?@'0[I^9\\1^ M`S@?@_7`IXW>)&=L-77Y1:"+]O[9*PC[J%L>=C'CEB`_^HP5`[K=&FP)-,ZY M'=B?O*5?$&IA86XUY99`@]XK!O2H-]P2USAG)M0%B36E)-6Q$I-\8Y;S,4#9 MF7VS#M=57V MNY[`H3(@F[3\6LV^.2R\UA)0%5]YPOP[&$'JIMT:]MV0I=DR>R7V*B'I':^T,R]!E,9"*BW?]U\66UFOU.L4%_(:;W#37OU%:ZDIN4-%-Z+=4IV>N M*78*4MH;W&TE0B#%0))/J4007:FLS;;0G"#3S@U3.4SDFF"G`*6CHIUV*8`D M/@V$1S)B/?,3;0Z_C:@VJKD;M!.47F6D_(*:0!X?6 M7FO/0*YFA)62A^M'WQ4@FCPK*1,*`)+!JWJ9MI7(ZG:':R56KBGW"W/:-S_J M[`CFV-.22SEI.+0OW-^ZDR:J M:>G8QT78%QN'7EI8V4D+N96T\K2&T?7(P M!Q@MD2_@H9%JI@I&"D=JPL3ZD7<$0EKI2?+?!1";#Q&[PHUUZC<;.FV3EDFN--/Q'9W0%D&5C>#H.]KMDK;K(< M%NBTY!N,NKL!6HK.+RQ4+D4O9E-TNTDQG!BKY"QIQ=T;]3;,0@DSF)7BKLV^ MP%)8P,&'^&:N@NMM#P;Q.;G4A!&X"3-X2[@Z,1VO'W87LZ?VIV<6G?V67\;T MC>YBVGI3XAJ)#>/N9/[4\H>%IZ>F'MLNNQ^G^&2,M]5\Z0HV)8MDTX19C8*+ M;JRIY)EN;#Y<:E+-*4'A\-)S@I7`FWM?Z],+\Q8;_QZ@P4&9BXB/9M=<#]BF M>?<*N)D).+:GWA'@NEX%WT2?TEM.E,6.25?MOI)6F&/XG8&2IKVVJ12#%`%% M!@?@*(/A@D*\KJT\4VIK-HZ](RATYK=9`HHL5].6.+GJ]&-AE'N.'4.5)IF. M6MY1&"JE;QO6T&V+HW9O,(K5TL;!=P2&)M.\'!A$NEV37.MC,LZ8&T+2II,!CTER)07%#&H84_% MY03PY7_]S*B'#7W^KY_M*?XYLYEO!)-'-F=_^_$Q#!=OW[QY?GYN!FS2?/"> MWKR_^>\??T'Z&)@C<]C]^4W\&A_SC3+HSPM*U103!"%H1\HYQ-[O5RV34A3C M;_E3S)W&S\#_.B8..8V>^/E-/.C/;\2Z4FO\>*0UVBXVAP@3T,OOBD!O'AMZ MLSST_SH2]`GZ,G/0EUF>OF"-_W,7?OP3^_4$5[\R%SGN-G3]_:T<%L@>R-O[ M\_>Q#V;%6_9]X=@3._R-S<,PHO9C3?>' MTFGMFJ*K8]XEMZ.F^^-;VS5W'.9@4-/]@1#=.O8)K+45]#4_'A[1-3_N#=&; MBEZKA.U5.)-(CH`^43U?[\)>_7XU?G=\BD/O.2&7O.?T[)Q9P=)GO]B!UVV; M@[?PR\]OY)Q``!?;GQW418F0:8VD^P!6)M^-R7Y1S;L7MB M/S;#^%]BII47:;`/S/7FMJL;3@.Q'&GUK9_?Q%#J5L5['R3PL8!_]-C@!``? M_C]02P,$%`````@`#F]M0J?_5PVP!@``BG```!8`'`!C8VEP,BTR,#$R,3(S M,5]C86PN>&UL550)``/,O4!1S+U`475X"P`!!"4.```$.0$``-6=;6_;-A#' M7[?`OH.6O<@&U':V M*UFRK3+'-S8D4N3_[G[A@W52WKZ[CR-O!D)2SLX/F_6C0P^8SP/*QN>'5/+: MFS>O3VO-PW>___#R[8^UFM<7/$A\"+S1W+MJW[1N94(5>)*'ZHX(>.6U@AEA MIL(ECZ>)`N%U&.,SHG0/\I4^\.NO=-ET+NAXHKR?+W_QCH^.WM2.CYHGWM_] M_J?3ZYM?;W]KWO3_J7MW=W=U",9$I+W4?1Y[M9J1$E'V^_/#RQ8NT\MF]I"L7W)TLJC<;G]YW!_X$ M8E*C3"ICS<.%DI[)]'R7^ZD]);KT2K)YJGIZ>-M'2YMFXN4(_5EUM_W7@H M7*M--\AY]*Z.Z(N'D`H>P2V$GOG^>-LIL+QAJC5H(/YM^PD(LXC=:!EYISIN93.#^0-)Y&L#@W$1">'_@^G1[7%JV;0/Q4NO'&DQ$^ MB?PD2D]W]?%*MW"O@`40+#HV%E1K9:JCD25D?S=?D,@$;#`!4')G?ZZV8L-Q MJSU^3P\-%%%@8B-[86\*XF':0C"[L[NI+.K4Q*50BU M%\:+H2!,$C\=S?ZB:M(*]1*+:K:"/A&JNI"5Z,A^>$J(LA>*RPZ;@53F;[K# M5H4P/3A.Z+2B4)3HR'XH2HBR%XJV'E$3$JGYU4SKJG+@GD[-;-J^:S-EV'/P]=,?3U]PO3I5V[\]NC3?DBVTVN-&G?TRO=VW/D'_I0"3I*]MM3 M;FS4OC/7!-AS9^>2IXM08!4NU-<:M>_.-0'8]T?+%Z'8,V4*.P(W M7!]H:GT0.!#(%.0*`IGBL2,P2$82OB1ZY9*NU"4*#')%N8)"K@'8<;@@DLI> MV!<@M6X\<\,F7:Y`LJ!&A`6<0?"1420S38XD9P#)EH\=A`^@#,A]$%T: MT]4;=L82%&B4%ND*+*4-PH[/\CT8%*AD"G(%BTSQV!'X]C8="A`VR'(%APTF M8(=B"$R?'X"?"*KFFFLNL:PS"J2Y`D>!&=@!Z0*12#:S:U)<`6!--O:`MX*9 M'L&H3&_G2"1C0:XH5R#(-0`[#FT(00@(\+"0K<@5$++58Z?@FE#Q)XD2Z(77 M5,]G>NT;=9A4(GT>"`<7936Z0DI9>["S,X"Q$7RK5S[B\3R.O4>!-%=(*3`# M.R"WX$=$RK0UC,*A^:@J\KOVCB.OO8Q2 M-)$DRNQO32Y@V.5L/`01MV&D;(9SLP1T,=TL%^DS#=_6[3!M!(G2]:RY3DKN MTX?+*@Z_!:'(GY[8S2AG4,JOBXFC0I7.051H$5*"]`*'ZVU11!_O][M`5`6J MD1-6@87/\YC8NO`+SC\_)9$,^34$($BDZQJ52R55PE2AH.=]1&U/\7@0^`!* M3ZR@9)>2D2XRB[8AU]73I.;,4IM`["P/'QX[FX+]-XZ,]/?NPLK.0=8``A4Y`K%&2*QXY`04(!!BA*2G0% MDY+F8'H+8;44E.\/XSL)[<>G^.5\U<:G?'\87U1H/SZK;_:K-A;9;3_WVPOM M^WCK5(AJP[!S]^@2#/*EH@EF3@Z$U8@6:$`7U@*]2._5;IFZ4"T!-I0BOR>[ MHU7.T)1?%Q5*Q3*=XZC8)*00[9.F\(Q052$;.615F(@4NF<$QY'@VP]@%4DK MU<:U2D7XLCRV48^'@NUS4^PRL;L^?(3L;LM&7KX6F`_S_^CTF?\!4$L#!!0` M```(``YO;4)D+/TH\1@``+70`0`6`!P`8V-I<#(M,C`Q,C$R,S%?9&5F+GAM M;%54"0`#S+U`4`L``00E#@``!#D!``#M75]SVSB2?YZMVN^@FWWP M7=4XMI/-;)*:W)9LV5E5V9'*UNSMU=55"B(AB3<4J0"D;,^G/X!_))("2)"" MJ(:&+XDE`6!W_QJ-;K"!_N7O+TNWM\:$.K[W^>SJS>59#WN6;SO>_/.90_WS M#Q_>?SR_.OO[?_[Y3[_\V_EY;TQ\.[2PW9N^]FX'7_J/-'0"W*/^+'A&!/_4 MZ]MKY/$&-_YR%0:8](:>YZ]1P)Y`?V(?K#<_L=]6K\29+X+>O]_\1^_MY>6' M\[>75^]Z_S,>_^OCW9>_/OY\]67\OV]ZS\_/;[`]1R1ZRAO+7_;.SSDIKN/] M]HG_,T44]Q@3'OW\XR((5I\N+GBGEREQW_AD?L'&?G>1-OSQSW_ZX8>H\:<7 MZN0Z/+]+FU]=_.OA_LE:X"4Z=SP:<&[BCM3Y1*/O[WTKXD?AD3UI"_[I/&UV MSK\ZOWI[_N[JS0NU,X3.'#?W&.0L+9]+@HUR]?;J[;NK3&,^7$TY['1))''U M\>/'B^C7;&LVG!ULFF='?W\1_UAH[920LY$N0_2'&%)$+.*[^!'/>LF?OSX. M=Y_G>,&%[2PODC87R'5_[$7$?@I>5_CSC]19KER":E(R6<0_">"_\O M?+2+O6E:,$*(%4[Q.?L6>WR&::11-/K^-&_&.K?Q#(5NH)'BW;&UTNLOD:-3 MP#M#:Z`V&NA\B9=33'22FALW0V=*9)%"L1VYB(AT;/)MD/).JZFT+&?U]CP= M(Z*G,$2&((:\XSG<=-ZSC[FQ\4N`/1O;Z>B;;9^< M9>D_RX(V0W0:B3FDYW.$5M&3+K`;T/2;B-'SRZO$3O\E^?K;4X`"S&@(;K^S ME>J5KWV^QS[2_HM#TP>Z:(K=SV=J?2Z.PTB!ED&D6A(&Q&VSA&_Q[I,\"VQ. MI*,FTR//@8$7^I*M:4"+^*C5Y(&4G^BA./W+.>3VQ,8A?)5&B^7;4# M3FS>#XD.XZ0$GUYL(#]9OA6+**P5<`0-C4###&78C#>'A$,WYNS M2'$YP--@PAY6LF@*FP(AN]0B2QH?>[4L$WU.DR2\PIO8^X,"89W<#QTU!H76QW5$)8J)LXO%X*`24-DYUOA,EHRXO_[GGWK!6PQ M&7HSGRRC7:WF,9_*X&U$@RIT'%#(U\CEVUI/"XR#YA%T?I06Q)9_X)'CZ`F: MNK@J<(X;';_1&XHT_**3D?%1:Q(64RJ6`:'4=^R M_)!1^H@MS*AFAN4KEDX185O@B$@8!!<,CH(%)C$[$O%G6P`7>HX9L:C?'4_4 MCQBYMY3;V*&WQC3@EG9,_!4FP2M3CHJ%0K4W<(B4A2"&[Z]'#'619\L"6_[3 M405?4[=R,6W$%[@5XCIT7)X805D\,5RNB+^.7!/ZA?A49JK*^Y@*4(4DP"TI M9:PRS\2G34Q7N^2-9"O8QILY[K=[!TT=EW&/^6J9 MO(E[&C"16([,PU;O!WAWI@;SX!R&+-WE09"H)6!02AD$M]RG6Q9C]%JR'5QL M==PW0G+-$6W&;#@#%^T\82LD3O#*?`F?.D'*UZMLDUO6W`0TY+R"LTP#9^W8 MV+,KYL1.,Q-@V.4-G$4:A'CB]V=L;6/>M53X^49&B+[`%[B888)><(7.YYJ8 M(/0\3^#<_&CO.L-*V6Y\MID)HM_E32S^GX^;R#1)251);]#*"9!;$:_)6AL0LTD9!;=8 MYW/`-P3',8\$F/(^1X6G0L/DV>\[G(.+\O()XFI(E?9P287/^(U]L+*%R8[S0PP M@[NL@7/DMF^1$V)57J1GFA[Y[;E8=<2OR;,,@L,AVE@:>LP:R@Q,M@5XJ>?8 M`><3IQQ4F!KX8MXR`L[O359M;\Y3PK@7>/NRPAZMM//5_0PP_`K,@YL4&YI3 M6JL`VK0[*B#*>B;$9\LKN!4AV1)B'/7M)9,IYR9PUC@AN7P[3-K+/*PJY0!N M)BDDEL+)(6V$B4JBZ!'7GB$+Q`FF0<+*M4^(_\SSSB5HR-N;!TT)[^#V^[>^ M^02]E-LU85/ST!%S?/ALTHD?L`>+%_;=W\V1JX`W<"_DXS#HWJ?TCC%ZXWN, MN9#QM]W7DIJERHX&^,(J[`-<0;)$Q_!@X=O;9'LUV&1]C4-.*@1PR\IP MN4(.B=ACM&/ZB*/3+1-_:WW35Q(+9R6%L>8H)@!:5S#@T) M&)1:`@"7@L;49*M-DNF3;P,8"@E3X/+0A)W"874H)4X"CI;1I098(0 M0_@1'H2%7*&:$!9[&PSACB`DNZV71[PE&1&/;Y.,>7YWCEIFJW_UI&<2-\^J`D[$U"@->1(+?1B'FL'%,KC3X<:\!KJOJ]<)Y->F">]]2 MQX_6ID`:'G,JJJ1#XN!>!>46Q#VTIOXXYJI%`YFI[1]V":7-$TI'LZ<%(GCA MNXQ,FMS$L']BJ7C8-A-,Q11TB::JI!ZD<(W>F2JH>54Q ME>T!6Y"@*]O3E>V!7RFF*]L#"`Q#RO:T>DA%\I8J#2$2AT_P-JK8`O"VG9`A M<'-P3/R9$Y2\6LHT`"QL$3MJ4ZR+/_\XS;T5H^SKA]!WDMG7K[]2;`^]35)CWPJ^'JFYD$>=0(J2TJ'LBZ)C68>F3P/D](F\TNW,\Q.20'#&0S?*R+G\(3,N%!FY>1F?.OS)A M\!)BI8>)1"W_$(@*1:3Q\(5DLX51'B(W>/VRNX.]\_-)X[`K#,"')T8SA;,N MDM8GC6*EJ`Y_GD\QQSP]#"J8='5'.&E$&XD4^$%#R7FM**%JWU`,I>*`>&)?,13:.\W` MY)BOB;C`K8\2XN.M!0VI)64#F9M:4BH>C5&'+,^4^!;&-FUR'XIZ7XA34T$O M-[FKZD("%^.G);?'+O("?EO=]]!9<67MV[93MJFJT-%@6.N(!USLG]7'H4=# M@CP+/^$@B#-A!2*08UQWH-/`O+;XP&TFJ(MB[U7V%#"O(RY3/*M-QLN^GE79 M0.9Z5J7B`3>?'_$*O28I^+PPJ`3!G680YZ:"8N8O'2ZR#LZ+RKX$?4`VGOCQ MZ;51X?X(+HW<"],Q8YX`[GL*%;1;QB\>VM#+OZC<)E;M?0+`*PL* MM)6.=N$43?6V[0G`)Q&"P6[3WN[2*`=SV1@7M+5*"[ST1"R"OC_I_(#Z/R!QYR=E-!N53 MN%PB\CJ:/3ESSYDY%G\;%^?&,'S'ONM8#-W&%ZMH>7@+][!HH;,U$*\G!'F4 MS3&^=?-?3K#(OQ/7!YC"@UH'1X&FUH"XV1[?&7K"Q`1-0"@\J'4@%&AJ#8A! M>GCV=LW(T23TPJ"M"[CP_-:$>?O@DV".YM&')"U(0F(')#MB[GW--; M$^,_OHW=W$)1`2I0A MBB"E'[@R7"/JT-%L3##E[S;`K`IE=!FB$F4L`->*7RD>S6YIX"QY1A4(A9"0 M9(@N2*@'K@:27`\(ZE!!FB%J4<$%W`%6#W31P(-2@ARQ!E*.$` MN$I,L,>^+]Y?!4(M*D@S1#4JN`"N'O?\G`H,=2B08@C\!:J!P]VWU\QX.30M M^`$">"E1AJB`E'[@RC#`,TP(MN%H@I@B0]1`3#QP';A##HG.N&U*`2%WZ-&` MA$LP>]VJ-!JB)ZKL`->,CF>QCQ1@5IANA)!1?`U>,16RZB-/H= MSDZXG"I#E$+.P%$SS)^L!;9#EYDTP8_1"2M=N#=].H@\=15"H>"(`A[0\B2_ MV;WOS2>8+/F-)6V"64X"-$3+J85Y0F&W[9!3AMS(B>7]*/4M)^ZF&?P6"(5] M%J(93Z8HDKPM)"VJI-(T%:ID"*;^I/7;G,T+?1/T20/5L/5+`X-'.?!5I/O: M]W_+E@6\PS8FR&5M.9&97W2JDD:"CGK8;$_:P2C`5YP4E..5HS`GP/0U!1OL`!\AQP9T52,DR9%>CA(,C7:]6N!TF?D+Q%K5\ MHV/=!">][D9&[K:A_L+57!NBXZ`AMI,"/+Y'68>K;(5TWI)]=YDZ$4]H1\C: MA@5\CY8^T747,`%>-L2G'""L'.64&;)XE#/1K1\&K!\*?<34K1"`5XC\604(*X.8(D-6 M!#'QW4I@P$JP@4Y\$J-(D5(7X%:]FF6-=R9+Q#X*`QHP,M@D4A>\0B?@HE=A M6ZU@3K=P@CPN!V$I5:71D,55E9UNN35@N958O8Q=[`?7>.YX'OMS-/MOC`@# MGK>Y0:[%W_DYN[5P-0X,?/W0);XN.`.\QA2/=T!84V0T&;*&R,COU@Q(:X8> MDC-8W[ZLL">M)"9H"-C\E['7F7/`YCQW3`N"+1<29(@A%]+>6?'3L^(IT/&) M-1SA_86P.%!6IEG:W@";7L(LN/)EF>3+_I(?%/L]29_994&V[M88P0#P:@E$ M8S5LV89VAH;$0;CSR62!>3`HVLTN;0]8_@K,:BQ,W43:K/6[NA*/^I@L]9AI MM>*7G4<*\0P^!!]5D41#O%9%;CH_%I(?*['X&RRSAS/I/5YC]ZW`V)PF&-G20VRI&E&^39Y\`[S\SUN"J@HV5*A$W"KJL+V MX1-P$B>%ZV#?7C(9T2C%,GJ#5DZ`7.=W;%=`J6%0X)CJ$-OA]Q5^]5;(L?/DC)XK MX5/J!AP@-=;5-ACVLI#VFF_<\0.GF$UYFQ^$VC@<5.<$T2`SPR-N25XJ'6C_@4"@R+T;A9XTH/.(5>N6DCF8I"6RI)"&V4Q(K MX*@Y`'! MSJI8U!\UBEJ6)/GLX>RAM3I9I#M=@4.@+@))I'EY4#S&F/`SA;I=5\R[KS?:BJ:&7WU9,8-*[RZK^O-9W6=5)ZW99#=AEY5<4\(L> M^1D:YI^*\!387)5>P"VM$N.'WV@=+ID72B)*&2&2&27R`)7Z`<=`D?G#;Y9N M;[UYP&2.B40A1&]PE;M"QT)9!&K;FYW/L:?/,4BO68HJV.OU+\1CM^Y+B,GH M_`8#_(:O;R\O/Z3P3?P`N0.T9$%*E,C*;$G(DUO'!//[P@16LU9WX):SGBA: M<"G2#98Q\2V,[?$)#LN$R\;-TEVTRU1H'.%@-A7-X%^0)!T&\]NP)6\.! M@./65#PMY'C;MA,/+]6MH5<'P#T'!`[DON+J4LS!@O4D5CC%Y^Q;[%$V;(5]R$D[:QO$ M3,J=Q"J#`02K0;14***5-#[@PI6B=&[GZ,J#5:9O99"EO(([BZD!E&\'C;ZV ML.`9"MW@$+A\*XVY@$ZG=-F@#SE?JP!9L=51/;]R9C>Y1HS5B%][^ZY?";'2`8R#KUP< M&C=@#H%E4FWQ=<#H5L(NU\$XK/+L'GZ/94P!6]ZDJ M:("V655!;K=C=7IQ0Q;G+?Z;(PM1%;1D.1IZ7YDJ3IZQN\8/S!@LRG;CFH]I M@/G?4VC@XI):_/!;?";/O@[LTZ%.#?*-B,!%+?798$^7&=V&@YTDVK&8-$9" M1\+[S@]EVXW-QCI%M&,A@0O$ZO/AK+7-[6BLDP0[$I+&L\OZP5;`T#1H5,\I M=U'TGE'TW?8\3WKU3-^S,[>6#O"*8"NNI[W;=L@I0VZ4Z\C[4>I;3MQ-=ZS= M!J6M1^1M,-7%[:<7MS]BY-Y23HY<7>+]R-'LUF,_3Z-4.QECC8`_+=L4X$;X&0P,7JM?FX#AV7%WGB*\%PN2+^.KX>29<" M2,<_1:60"Q-PJG%'\/^B%E*!=1$/ MO(CG$3/ZK>C.'_9I-#,D`M)!-NR(2`>'780$*4*27MVR`RRE.*#7>.YX'EM' M1S-)G4;5GH#7E5H"./PU.IM7K!FW);V\@I;6S%3M"1P+90&`BPA2RL5YM[7T?6Y2=>([ERCI]0%L(E6 M8_GP6T82&M3>&C48P$Q(:KX3TEOGH6CPHD":*\D=9D]#[@2]R&9(C<[`@:DC MAL-?[J,!2'$HXP!3%5'WGK457_-+7#Z%R3TJA9M[6W?M^[_%/_,J-Q-_ MBQ'G;_N+7A=4)T6M>Z8ZB>\<5D@.JQZ2O^)@"[2$VGP;P`9>PM3AW=6H])E7 M6NZ)3S8VLP;.;(8)%AP@;#X.8$3V$,[A?=C<&P45>"HZ`,>ABMTV+I_$O%+T M(Z,2N4H2K^H!7.25#!_^M>,H6&"B)&M92^`REC*H\9V@1+8RATD@7&E3X-*5 MLZCQ!6!-\8XQ><+$P;0O+K]=0_R50QD*3[6(U%ZP=>'L@<-9YJK&>7GW#IJR MG_@52A,_W740_=IN<-N%S@2-81P^$#W MZ=6SDS2G.XRI$A+5?8`CH,!T6^%N7.[A:8%Q4"/T+>\%7/I*C!\^)!8M1M5O M&U5Z`9>_$N/=39RRH"OYGO\S112S;_X?4$L#!!0````(``YO;4(`L``00E#@``!#D!``#=76MOY+BQ_9P`^0^\&V1G%K#7Z]F;8&2B2KZM3W M?WI:1^21IEF8Q#^\.O[RJU>$QGX2A/'JAU=AEAQ^\\WOWQX>O_K3'W_SZ^__ MZ_"0W*1)L/5I0!;/Y.+\W7WV!7GSU5??'+[YZOAK\C\W-W]_>_GN MOV__;;X^.H-'3(HV^3-+5$>O[ZZ/JP<]^\^M?_8H__.U3%G8:?/JZ>OSXZ.\? MWM_Y#W3M'89QEL-HBH99^&W&?W^?^'P\&B*)]`GX?X?58X?PT^'QF\.OC[]\ MRH*6HLLPZHCQPK6?@"58+\=OCM]\?=QZ&+HSM,.@26F)X[=OWQ[QO[:?9MT% M>?UXN_??'Q5_[#T=*M2IK1/2S\K>' ME"[%W45I>@3MCV*Z\G(:@#G?@CF/_P#F_&WY\WMO0://"#SY\?9*JMG;3E]% MHZ.Y=+RA:9@$%_$T97NM9];Z+O?2'*%WJ_ULFM^SEQ^=I'.KY7S:)KD73=.V M:5EH6[Q"X8?W[%\=I>E33N.`!I7:T(]B'7,Q_$T!'5<])WZ[SU<1O#.3]%7; M$J]\/]R\.:Q>9'R@['WWTR4-:.I%]]Z3MX@H^V0D:_H^R;*J,=?ZAU?*1X_: MNL#S'6U2FB7;U*>]'MG__*2C`#?(JQ�)>OX-O$>H?/*8T//]Z]^F/9-\F+ MSDG(>R>O(];_%]\?->KT!W"2^B1)6>/R0]T>CY?ZU0_LGR/JE4\<^0E[^6[R MPTI3WGR9)NL1TU:2$PV#'9E"HOUI67K9@JN]S0Y7GK?AG[PC&N59]0O'SN%7 MQ^5W\[?ESS^]3^(56Y_K<[K(/WCY-@WSD&:W=.,]KVF<9]?+FY09/MQXT57\ M#^JE]Y^2'A9074U&GXT!8-`)<@_9KFU-0/(!:60?D$8Z29:DEL\03$`#PE1P M!;\VS%CAVQX0$*_$BU_8#OCY*H9%=;T\6;+?0O[A9%_,F'V('L*-X.VHTPKU MHC10"X/*0@P`#=Z2@+Y&%&G)<@5^AJ9IOTF-IPP!JC,O>SB#4<1YR@\T)[Z? M;!F4_TRCX/2Y$?[!B[T5!93#J]')(F/?6%_V8I,]C8>=6@T4ULJN/_'VKTG$#@%> M^GP91FPI].9?_MQD.(V*1MU-\(Y)W3,ING8%/J-CK\"B:7?,6^ M<[I)J1_R0^%IDOQ\[SV=A\LE32GL8$7'-.VVN!.PKX< M4*"#*YBV8DBT"VH(AOE6`2AY%;/SS19T*]5]/F!Y7!@-:Z)TT MW=>H?2;G#M[`C=NBCSO=F=D7N(KPH="_*=:!%K[Z;2Q#3**25915,D@IQ&V@ M22RBQIIREN;]HN?EB_>>"3MY&FP;E8]:^1[+%+#YN86^78.1:NRB+Z3:^HB# MQ/MP'79=\=RS=?TIIFUWINA`H=T4=;`P51"%G$)6._RB<%*2!,2!V[L1Z`JD MIABI?>*8-HT(R%5GFL9#?DEAQQ=5,2&B4`R-1BB8Z2MEQ=?4"IE8,CGDD)2B M./:B2.9P/EG?;149_ MV3)5+A[A`N4FB4+_N?CO,63JM46#TTA%##X;0:20Y!H`C2S1Q^"$V9H/AE>Q MGU(OH^>T^-^K^'Q+[Q/IB4*_'1I^VJJA;C:VE.1)$[.6D7\?_Y\*?GL=15XG M?ND,Q;55I&V*_@HR!!MBD\ISUM](+V5!V8-F_KJ.L56=[)9"` MQ`-2R"2-4%>0.MU<:D^\_N0B7HH?XXT7!KJU M:*(8!G:%'))V!)&$27+9[65BG?:KT7S>,!_<;0Y\4\!M)G'CBKZWXXUPGUMM MI5!?VT8*D?KM70*4OEDZ7UK#R4*`J7'F5,Z-*]9_Z$40?)R=Q,%)EB5^6$2Y M#_*-I_2`@ME$=6V[NTJAA$OESB^OELL#D%S"X$2;M0&)FN,9O6#^`PVV$;U> M-D'%U\MVL/$]G(=''6*FW>!]8Q,51UV)E3+A0JR1"O^O&TOG"I2QMAHXTE"S M/.?9IG&ELW]'E!.0L"77"I'0<_1.ZR^KAC3RL/S;(3;L=#4KOE'`ZL M0-AE>&1#0G7&B*"N&F,$!I*G\;$_:C50`8S0=>C.'9;FD`?1.SJFGS62S*A8KVW8&[C^E!#D>Y@7@9+DXCFXP'^(S"<,[U55P_ES$?ITF: M)I_">"4/C9,];V$=C:B"NS8I.GA$'@F1T^7.H8`NE:!0VA2JWX9"=]04[%` MQ@$TN2O+GAJS`=AVV4A)JJHZ%DP!2E;EY!QU7)G?^L,==60%6S#BD M8D9#P6$&KGLF778FF-C9'FK`M`>Q+Q(NKH1K*P%G2GPEF"$@YEL+)\$C^VB% M&3M[EV=Q".O/&N>B5EMZXA3C[P/IK&S([:#4.>"UR0GX<94SH/ MXRT-FC0>UN#XS,NV7I0_O_/"&)YDOWU5;73NO,&=M;5ND;MD>P/#[9AY\3;N M>`E:FI"D5H4<`K7$,?%+=:\PN.:T-.,R9A-B.VKK;;C:13E;K:#,+R8IZBJ&RMD%&=E3%MCES MEV%J@V$ZH\GLX'C*:N_\!YJN:*I?I5"_+9:US$Q%)'D9%U9\Z-=<'"_2U%2" MV[A9M]#83#TFLRE3.>/%0"5OT*/Y0KU``=63OI760.YI"7/*) M*]C2,<#@H#TZ!?,AY\)+8W!?W]!4G%PR\J'4;X_&F+&JJ#<=>[%56"-;UOFW MKB'.V!Q]&$ZQ58N`@LBH$59]>\OKX=\Z:3Q5HJ(^L\6WAA=0:A[!LZXEI8]VHR&GJ*E!CF:%UASM\B8FF?\87 M%Y"^%!]BV2NK]03^9344AV?G"7E_KLV\8*B#=Y3,M(@++N.*A;LL4[C[VH0O MJAZA>1%"VY4'=U-EYCQ9>V$LNYX2/VR]TDQ7"9M1)="[[:0@O/;*+*"76"ZG M:X*Q@CDB&,VW`JJ:Q)GR9K;_%!KS$K$8L-==N@8/R5C[N%#:&/$=O:-Y7OB@ M*E_!+?5I^$B#FY2"Z[_D?KI/V,"^J>(`!-_7B1VAOKLXY5&L([5D"!@I7$MI M*9O]0HL8D[0D",L3`@K4,2>N8!!OP_9'W`8"4,%5V3:%Q.OR)#S"4:=\'!D, M-:X(+LBI[+\NG.,P%9V.,;K12+K3@JFZM/#B((EIH$\\-]H$5W-)4R%4D&8E MXV50SNF:I%-NR6B2]A+RRYG&]'B.QEK9#`96J64K,IC+<`5BAC90!`F/S\V, MUUSIRHM+7J&S),Z85H%7<@ZQCW`&]+!%^-ME&+.W;.A%34D!"/^,$O;ZA8R2 MNW`5A\O0API1OI]L(2QT53'HC"%W=C7P%W9[,AS*IYKDE)RPCW];>9XF=;== MK[WT&0*<6NJ01A_B*A?2ON9A<&6Y5P3ODR:'7]:>;=.4C>1]Z"W"B&?32%:Z M?OL=T.6,J(J_<8^:3G?/EF-A-,J[LL&07%O[QB89)\S1`N/,7J@?F26\[$$= M;"%ZTHY72BP>LU9.O8`$0,]/W4S]4@Q;Z*E2F7W&,T.+(K+^RI2[3=F!0=4$ M?UK04`AU5&B7!&8[ERCQ8N([>6;0L,3@P*`]-_NAY)5`JO.(51)=VUY1UT`B M&JN*'G9?(#C=AA$P]`/]^=5ZDR:/Q2;V73I,J]-K@X:)EDJH+U8E@)^6JEOZ M#=L])3&$HY:Q@ZY!2LLN?8P9S-6,#/?56>E]&-,K]D\9T@0/XEGJI<)1'J&J M5]LG!9RZRB-!W;5K2)>/>4!_/P*07?&3E8>*2W;4]R+@E)#3UTD?1?&6C2F` MP7+9-RDZ+WA$7"2R&[-!F]Y,;Q803B59`O$-38M\G!.Q5T+@;)K<%IJ2'94IZQ'/6-^VDRO`M&'*ME/+#A@&9,R>&'*=\3L M(W$5Z[(^Z+7#!4:9J(:*D*H%%4FG84P:6>VP%Y?P9&2=3LB4^-*G*]#L MEF[@_K/T?#[K!<#HM<7?!YBHB`L:Y8)(+>F@\,,[\UJ;9)'!B=Q\UF;-S#_S MLH<;]IT.`QJ/JHS]^0595E*)5XNU>;FINJDSTX M<4+G#-ADNU^V&2D.YY0'CZKB].3/6PCE'%$%%]=9=$[*WHO4P0/"!;@".&U+ M#*,^M69E?I8/2"BKZ@HW.4QCM_2ZK:VQ@FBJB4ZMNV"ONDHFX;^40EU#H*%A M9-0B1A-HI0J.DI*\*E@L/-&8]6"IMHV1NKCS2U/&9HRKWE:XZ8Z'JHQ#-1FO M*XL/82]Q]9T)4-Y#P/;%+UNXVDW6FR2&.)>3IT&Q5KTV]L*X52I9B>@^((4( MTLAP!85&QI#&3H]/T%["![5N8/7;V0SWV]U]ZWL*+.F.7ZT:6T019V?K(A7A M;&283Z$V9$"?_D+[9WWYB/ M-#_),IIGK=SP\4+D.JU0.TX#M;`!'QZ70UZW:`&^(*U@?+)PK92X@7':^RSC M27.T./*/[#AV_XE&C_1#$N1LG]`[8NXE](QR.!, MHCU%\R'M8\;48;O5<"UP3$H>0J-)+!2#']8C0*?NTS6XB$?5@'Y*"= M<3U7-`9Z.7TGCF$G:'!.4QKMTKDBAZ0CS#683K-+'Z^8V9P/N.WBM#7M1D3.@(#>#IRN,<0Q7U]X!UWC4D3S=0'\W8Z=TGFV9)^5G&E,!N5H)A MK:8[X-"4*X@+&JYZ*W+*`[I)LC"?@443-QZEEU(V*-=6GHE1QBDTQV`X?X7! MD<+.@\>L51RT6::YZM.YZLRRPYR01 MY\47IW)A]#V5HX];2)57*X*"/XV!I#XK152?5Y<9J\?,,4R-UYF8&3F&N4=, M@J+RCWC>X(X0_`NR<%G:?"&::ZCQ'AQ7S^ZD5;V;EII!'^HDI+*0RJ00(_3W`J`MK(L@EQ>\/8T#1, M@KNECH8!)4B2,IE.$\0H6F1+I>>P0S- MN*$6![.R?T>TK![5+@11Y6'?1%ZQ%MC;=0/K0K8EM]4]?E-O>:"HE%4IT6FM M3D&(VE+HH"8&8/\"I0Z*MVVEERO+8U?V'NS\=X(LMTB')^<3&/)6LP=USO;R(V9\7W->*8>(6=C?/^E`,9*;% MP37@,7EDQ>S`TIEM@MRR2:4<(7@P[0/*Z35$6]QHK)?)4ZXKUY7-OO?D.T@]! M-`E+V2YSODRS7)?A;?H\SQDM%R;I#;].O*5^Y&49KRK,WZ;!/[<%L=NH-P;27I&4'&P:0#K7D]H!"PW76TZ"T6O;96_*': M*EIQB_)_7.BY1??E3-.VB,BG9CAKLP;HBV_Y]/-*C+JP$91OK#`ZI^22[8Y% MA+.JNP'7,#S%<((P_8E3O0<:H^ME+[1O)*A8HZ$]0J-1Y:RP&L&Y[XY]_NA# M$C&T90R@3H9JZIM%RF^D.6FSEJ%I"CF>1%P2#>Z3'@VN!(RZK6T4H#%1$TM& MPFMU>948DB>#6I_D=54&]`OR^NW;WWWA&E@-+28HQF(^L[/F-Y6Z02Z6."N6 M#>%Z>>\]2;!KU(6-?"=CA7'Y>0V18="21I):G&N(G6(B0=;0Q$F=#[OO:`QD M/^"3"-9A',('(`\?Z<73AL:9++QTK!4:H9IJ84!9BN`;4J\CQ#4L:AJC#S^C M29H/<27VXQ6_-X$=<:'/6`+;>#LTZK150Q'1E7TZE^*F/?H^T`QG9NY$CA%< M]1ZRE-AA$S%%C[:O2:?KJ;P6/7$XP6,,R"HH6.93+,J_\0)*$*.DJ%?%I9`W+L%+QQQM M%.E/S%Z27=JY`:+R1K(3B4$/-E-6=-6UE972S3P15[=R!9T(R9"K)CX MM*YN@CVJ:RF$/:>#$*BO2F1`=@F.ND;IG<\-IFG.%*0FE/J>[8LSS^>0U@\I M,NG!0J*1L;KH@*)3]HILRR)_"_.'IO!O@54'V9`FV&J8.S1Q;O?)\=EC=9)M M=C4:[H#?4Z;]RD+1?.$8E&1"@7)$N^75!V[`LR1<0^KY2GLC?*&5"'NE?NE\/_U M3JM"_X=>2Z3'PT@]G(]C&.Q?1BZ*8[@NM$7,PG]A.N!Y.#$JK5KD&+5BO&E;-5=6SR[- M/H4^8QK0W%Z/[]GD6UQ[O+N]K+/V0/:VID")_X35TS:FC94RA`5J2P2[=`AY M_T#3%4VOE\TE7>NZ5>1HUVZ*W!29*6@K]6'-I7%BD>;65\%[.!Z&%>)*VY;O,\(,V9!O)EL`PWUZJCORY7A8!$R$4869:)1FIB`[RXI+@E5O+(BUAK@!WDFWZ.YP)\[>WPDL\(,V`&$*S MM>U"36-JHKVW?V:OTG-XJX2+K5.!+1,-,E(226_B9LVLU[PPEP#3H`,;^?6& MRF+C7K1\,C8=M[L9HK+^CI5Q[HD\P-!6`OZ`2>"=-3EG&?+0)-F'H7G`1M)- M3Y@5B@K+L0W3M%2>42M574/X<*B"W![A],].%%!^YS[0]8+VO5K*1VU1`@@5 ML,$#4';L&C94PY9D_"L,O_MKO>FW>K-%A/)I-&\@]DAIPVPOK97V->`/!O?**BD9-;3)? MCBJ(64JG7L03+N\>J(/4+2964%!=:L[3?/"K[P1'L#9\#@TLJ6@,BLYI[H61 M<_"1CK6/E1$[SU@4H'5-_L$+Z'U2G.2N>SEK<*75N5*_\4)9K!"N3WQ)`1M# M0H&SZ#3?0M7#/*FWJ:ZAU8JA!JS^]B9_7T>Z"WZB^4#SAR1H-A$%>^9Y"+>Z M<9!=IQWMM8Y\DSJV?"3$#`X5WZ\^)NX@66W&02LO@D=&[MI;P9[EU"=;_&*8 MD48T?X`D[CKY4++:!X_A24(E@C$KD??IL7B@/F[83`FTK MG-G%B&15=/&T2&&+2[[(L%&M]O().PN]*PZ_QCTGZ5$%0Q6N;)%I9V76@B#% MDBH.8A7E5YSB9VVP9KUS2%$:0,!T-38)N\K$/6$[EP!V M+Y>1M^I-Z/#OJ.Q;H2A4E'+5(8$>74&`=*CM5%N%6?=3NOB#EP-O0T'#6]0S MS:Z7-VD8^^$&PD8A0?,R?)15.IC6E]5BR,9#P+D1VU63#T@C_(`TXL'I5RL` MQRA0@5PZ6#L!94A50>:)8,`D?P0!O[CFP!NX7P\YKQZB=O!"+$$%`_V.\\<)@6KUR_;8H0!NKB,%N(>PEUR"XC3-`0_1Y?J3X(VHRYV M54Y?Z9.7[VE3E>,:24L0&2%:-N8SF7 M7**2C:3RS4M(*I>,7YU=KIR3/21QW4-XB01-O8?L)69UA&+P4O?H&E+$0Y7F M60D,O*L(G_/$YWQ?E^SSX47/!KY^62LJ.V+W2WR9Y$^<]&Q..O>Z`X.LF])[95 MJGMW!0H:!FB[J;0F`%.ZKQU_<`_7O^?>VEL5Y339/@JN8:H:PP)\'E?2; MH"@&23QHI9)'^,4X";A$XH-(N`KG,NN"U"XA;(JU.G7_)L\K)F"K5=VUY%&] M3-+[!RJI"*)^'A=NI:,*+F:U$5!SZ;+C'6'KG1.G:J)EG9;HPYB!>A9(OYR,TS`P0?_D9CQ%\^'N M8[R%[_5U>A4O4_K+EAT@KM@ITX!-V:0'-`XGJ(L.(#HGA\V>[N+1P?N#"5;I M0W3R+.[=,U9RSN`]8ZJ.=N49TU#>IF=L68E[@9XQ#5-I>L:T)]HQ(@XMQY>L M[3QT&C9`^Y_(&Z'G=-*:NQE3_)J09;9-[KDD)&!4M\&G[.FHA`$?O[;H5!.' MXU#E&?WTER5#'0H-D0GTX(NX4A%+NS@L[ M2C8C^NU0-PI&JJ&"#7J@*D45F,K(N5N@,C9-^R9APK2Y059[DL-5K.3-K=%P MIY2U7>7P[_!PR/VM88UJ/7 MFAG$E[^J?LR^`T#:I.4>'V^#^N)KJX3!3B6$?^I!C//NU!3O7"+' M:2WS@-12^1]*N:[`%6,S04VCB;.,>"M60MOUX"N2BTSIG==MB7I#&JIG`X:D M+8O4PFKG_3\<<]X;FJC]SIPTA0BPG26\*JE?$"_'WHJ+O*/I8^AW2^I6Y_[P M7S08X3.QT"D*HO8&A7(?M+0@ZUH-DA5Z=,LX9\1O-'&9%<6>;=NPMXT8Q(JX MI[$'HGW@SGH^+TD.!2B7/(A"KEHXZEC/>R95U^3<,?;&\=&W\:)C^_GVDZ?; M+(QIEIW3S$_##2_=P?:[P&`"?<8[CEL3-CT0`3.D+O+:7(:K MN0)!O$7Z^T?L?,X8025VGND'LAAT@(^G,E86'<9RQGEPZCO$,"9-=4'2RF)S M#13@:5R2+KH%%-.IA:(?,SGNIO@>&O81(,/VJ>\,F M-JOM216RDN+)V9,YF+@,UP"D8P=%G;V1F<%<"G"5F@Z&<44%G M)+-?A(JMT;GP5"V(6<.CFVA"!(^*>3\V@J.GJ8[:A=*"OFHR!8I3HQPE840- M=4]AX-/,)8@"QP!Z'\QQH"G4/"CIWIOHF):FXXQR>KU89)HS4AN5)]9EH"-) MW`J/<@W($^TCYZF;,*_[B#^\I8\TWBK*1PD?M1AC.%0`@[E;N.F$,#QXE;B& M,=6@Y;%V,K//F6+0>0%KT5:IVUA(,=!0"1XB7#EN54&+[[F48^OPN99]ZB'Z^I`'0 MPE55)037,@:-43+N@*4PT%-1@;JXLQX\F;\ M@`.Y>T&0,>:]%SZ*_X0K%$!]PZ%?9]Y6.J,=?`A'[>U`-+P>=+2;[RX*?@<0 M$WPZ7<.;J3FT@]L=P:6$?Z*8&0N,):J.=L58HJ&\3<:2L!+W`AE+-$RER5BB M/=&8.'J>!'(55_7$%7GKTD=Q,>\C"J!@Q?N&H#>O[-T9$.D,O1-HKF7\?5'7 MG+?J##3,^0S6UTMV7K%6WL&"&,N$./8&COOHV^B: M;S%6+X4;[UE!U=]_"KT4)&(Q2*ZZ9!#E?;J&3,F0^\!2FAI#.<.@>AU_H.F* MH7'91'*W<*B5C#ZM'QPE#49UU*&[=!6ON6@($/2:"/CVF]#U7':4!3M,-OC9 MG_7=MEUO^:74.=VDU"^J,+-_1[3,2VE32-]2/_*R+%R&!>LOSU>1G!?E[\F= M2;3QSMVU.9#O[TH]TM;O@-0:\MS[MHX'9*`EK%)E+K\KZW+&:1%\8^:!Z3ZB M2$!Y\?C.O#1]AC/Q&KZPUTM@Z(#]P&N1!.3N"H6-K%TJ"M/+@ M[[:+K&"=OD].?/;VR3A?A*WU.T':/&MXNAEF6L>\:DU+0]*H2/*$M)0\>/E+ M>?IL3%K.6%3.F)]*%_D5Y[<`-;KO(R:Y@ M<*KUU"%.NO,\9P@I>Q$'P-!2)WN_2]B*.0/3I#&DLLL"4C1:6@@QU58/@UO> M)RD[=06"$VPPC.8TG*/Y@,=K.'Y@RR`-O>A'IH^7/?"*+!*XR9]'@VQ4%2L, M>6&;(0]>@2G=1)Y?_A#&?K0-V,NPY<)UU34P:J\^##7G;C[P5?GEE2YU^$$< M"(JG-(MG)(P%W2T:RK8&AN(HV&XV$8M124OD[BT)(.9D-H>#4QR,G$8&CUG@,!<+QH#X M/,SR-%QLRSPJ-[?ILH$/VC8"U[\8[=,-)C"_9;_WOK/I95+'74150KZVR_?%5QI&:%=WU5S(G9;*)@=9=9)?)``";6@(`%@`<`&-C:7`R+3(P,3(Q,C,Q M7W!R92YX;6Q55`D``\R]0%',O4!1=7@+``$$)0X```0Y`0``[5UM<]LVMOZ\ M.[/_P;?[(7MGZCA.VF[2:>Z.;-E9S=J1QU+:W;ESIP.3D(R6`A2"=*S^^@N0 MHD12``E2I'B@\$M?+``\YWF`!\#!VT__>%YX)T_8YX31]R_.7[YZ<8*IPUQ" MY^]?$,Y.W[[]_MWI^8M__,]?_OS3?YV>GMSYS`T=[)X\K$ZNAA\&]SPD`3[A M;!9\03[^]F3@/B$J$URRQ3(,L'\RHI0]H4!\@7\K_L=Y^:WX;;GRR?PQ./G; MY7^?O'[UZNWIZU?G;T[^]^[NW^^N/WQW_\/YA[O_>WGRY2JQ M+*XB#CM9UDB]/]Z,2S\]DLC/B^K\.F1,N,`V2?P^H>T4#$JQ&=,;\1<36-R>1.S\& MJR5^_PTGBZ6'D[\]^GCV_AO'(8NMA-OBQ=:-9-:R\G+.G,Q>3""+Y'Y'YIZ_.U^WGK^)/O\:?O\=S M(K]*@X]H@7,&:Y.E#4S3.?"SQB+?28H4_QEQ^4);W]WD@Z=ZVI>WAV6EY^9%PH0_;C2Z`G)I[.2B1UG-=.T5X?EX!?L>?^B M[`N=8,09Q>Z(\Q#[6BYTZ:WD1.N\AIN#SZ&W`X]K\1=5"]&EM(P/K<,:)@X^ MRXX-BZ>?9ERDTUK-1L9I#1^;*?=/9\I8Z/ZAW@ODR:#QY!'C@->.Z69+.4CP M-OO)?>KL#/&'B/Z0G\X16L85%WL!3_Z2K\'K/_\JNWTL&1W/K@D5YA!!*^.D M(*A;*>M>3;$!MZ;HP*/5Y]#\H0\@0(?!)?(]U=BBO)&,86EI=JT_@ M#:*NAIWHIXZAKUB_TIS$GH'K*2Y"X:SHR;B8J(\62Y\]1<,;_L%G7"=8Q7GL MI:@$"W!=2Y&K8HS">!VA6V>TET435/0=5]4!.0N0U^F`?.NN&!&%B]`3_^4. ML7!#S/&E@Z5U0)?O&*J`%A-P/5^)N_6&+$?!H08/_;84Z]IPX?3`EIE!\:3@ MP+QH=AG?$/1`/!(0+/OX.^0'%/N3(9X1A^AF!^;Y0,>F*K@/;J"3MKMX"J=* M"9J60A>;&Z9T'C=,PC5W:%6P:))/U3%U!?5.%8K:^`9NEC?!3NB38"7&0'+1 M)_$KOR6L-+D=?.B]!:=L0_)$7$S=DG:QD\P.(G:]`Q<4F]SR2Q`_:L5RWMG=]S.2+E2M&:1#J9'>#O>M?2AOD] MQK*,SJ?87PSQ0R`/+3,J0XRWS`_F:(YO&*(Z3DQRVD&3$08M;:!O9!92/ONP MA8GRMO+6QHC*>F[++]&2"%M*9HVZU%;,'+6N@NOP/V!A)_+R!L>S)PTUQ7DZ M)JBDEJ59*O$=W(SQABQ(@-U*7!7GL8>K$M_!32)SAIJ)G$5\[/AW1,MWRI!L M"9/%>:SHM$K<;FT-H;5S`ANW^7@V7@JICVX@JGU@0%/<04X.:+[=3?L846$D MWIA4,I#3I>YZ<[H]!P5*\.[/!O1G`P["W3U^PC0L7>_;20:%M\+>;]L4%N"><0C<9"KQH$1P M;`!ZZ\H139C6(U(ZESLYY>3AZGF)*2_M*;DC; MN&NQ8K)7N\--(R,J)DB8!VM7+ICOLR_RX(@V+*%+;R,Y!=Z#6W+:CO&GZ+E8 MW91);>1'[7.#.U$TFZNG)W?[<)685W^GTEUHVHXZG8#>/\6D!TR:B` M)13(;&._A='6PHQ6C*E-``#8!Z6-EK<3!*M;'#PR=WM>QHPX75X+N=/"`*YC M&BV6B/B1>\)VS.]Q=$AMRK;JG:R*/9*EELB*I=A!:55HP&VRS%;*(>%.K"G8 MW4K*1QR,9Z*#-FJB)47806LE4!KFY?7$F5!;DMH_D M(BA:NBVY>1)S&^8JDIC/;36).U"T==]R?1:OD$]EN.9.'I7(6"NT_A/5'H2N MGM\*)BO`T=;]S&W.W85;J7<)U![6GM\;%=YQ+:A62>L)FO;Q_9 M?Z>TNMC#[IA6V]#YY>O53L,99.QZ0Z\]^ZG-6;!S:W4<<=\>XAT\D])=ULH\ M4'@JWW"M=AD<1=EPPBU>/.R\KU.8%`HA135,?\(R\1<<+=D.O9`695+;:%'[ M"V[@FG-GR!:(Z+97J=/:1HS&8W`+W?TIGDW;..`I'LVB63*&60]M%8MC^110 M*%#&`)4N-7:*:AF]8"4L\(-N+\/PV8P$!2MEJ02@Z5(Y=%2MY==SV`2H36XN M&+%,WED_])%M^<++M<>^-'-B>UO:P0]L;S_=>=1A8XIYO&$W2]>##BLC#5KD M[8PQ?-T#/RN/;W_$@:R$HJ.6-X"Z%ZM/'+LCNMEU/7`"\F1RH7.-@J!P7SB$ MJ0,0N!9JW2ZL^M6R\BZM+E]_LF::9RN?.HI* MT@X)X.)FEIU&;+-I5#W`V*5"+)@?D#\B\S8O`J_/0NE:>E&6KX358MC`M98>?G(V=B%P[`I[7& M,X/C=9K41\YC*5CM'T$V/-"2G&!7-+RJ)1PYI[5`;>YL=.=Q#*/CI=&>S=5KD@+]^;7N%XDN'Q&=XQ%-7I$J>(9.F]3J&7,Q M".#V(XCZZ&/$\1#'_Q9^RB'D9>A+F`J?2I8*#+*:BWO*AA`K,JWS7OQVU7E^:QGW.!9M^.@VP^Q:_!FVG? M!4(_5S\"ZK-OZ)EWZ_E\UE*^`T!S+S,`I#OW<*@YWSL9K25\%X+CFLT7C%G+ MWW]-*7;/S.L`UMQX`,*=-2JWX[!3`YN8B@JR>1-3 M(4`-KI+J=EW[S,'8Y76N]C+/"[-A&]3-S3YN[Q$J_79)OE< MO(;#G60P6[9!YY)]W'MQ(++W0?HM\(*>F@G;]';V"O_4!I@-\U]%-0;0P5:JZ,XHJ%@;],>!8$:&,!M:C7W M=N^!TW$06P6PUEXP/WP]D3X/J"O_)<,(3\B3=?LN.JJ?7T#0U)1*11Q%7:D& MVA&])I3S>"#`]/V5P.UGY(5%]:,@T]'4B")@&EM@@W+M3`LUH?O[40Y1%_17 MJM1X^D%UI4H'=SF$RV4,<@&IFZ!_EV)]3P?L7$E@+A45"K!+*:H@`T,HALE%1%=/XC,-B4*NT`X$(&=! MW]AK._&)AA+)L3^B,Q]_#J6DRF"">6NO4H)=S;T2-C#:^]4M\X,YFD?_LS[3 MW%"K5Q;=0=M7VM$K0&TGTG`FQ^#-6[]I;KM:OC$F,%K]]78PDAR4&5!WX#CA M(HSF-NGK6QN2@VK?[$`GJAG8"TCSA]?,5:12$79)235T8.C)A_B.NNABE(;D M(E-D!VJ0^7[?V/>\0%+`:-ZX"[/8U9B+O8?1>/^9.3_14//-%=I!`\Y9T#?A M^OUU]MWF:(Q;H:LVS&U7PS;&!$8;'\F#-(3.,6UPZT2NT`[:>,Z"OHW7WU'' M%@L21Z?EKOTTK.9-O6(A=K7XJ@C!:/CU-@VE,X'8;Z4TR)H]6$KK.^K+Y>=7 MID*E2]V12%V$G%#,^1!SQR?+-0<7B!,^GJ6W^I0)58V".A:K$M[20E4')9O% MZ@.+GB"B#O9AB)72(&O$2FE]+U:5C;\AGT/BRIM$-Z2DH94$:1PQR6F/'!GA M8+/^3,(''B_V1IL+.`@-TAIEC0YI/>BUJ++Q2BQ7.2.U9P]-\MJC1X98V*Q( MBK$>"%$JLLL:72IRHI>F6M&S*)828G=]G[*\Q\=S;+B.9V(0AR4F*: M-;)2XDO`1!U+D[G#N?0=Y-X=T#X1"&!MIC688>]2K MB/=K&5@*72G-8H?2E'MNL_:DS_6"T!FE0=9HBM+ZKTH_&EH93^$H_MO#:Q8& M"^8'Z=WDY>OD-4J"+TQ[X:37JSU?\P:M=+LW'(#0NP*SK%&]`A]Z[:MNO.X2 M!#/!,\YNC\J9(V+S4&R*J?C[!#NA+W>,XR7C4,)#):99(U0E?GQ58J69Z*DA M4DSO-`GAJTJ1ES;KQXU\3@R&7N1,L48?J49+)'=,J\_SKCR=>(^-&+K:FWE494 MH!@NP)S',+71&D4S=:C7N,K&FT"KVR!MEM<>Q3/$PN;!U@3/I2_W>"E7"M=_ MA[$D5F*:-6)5XD>O496-+T"T_"X/H[SV:)0A%C9KU#UV/,1Y]#N<,QMZJZQ1 M)KT+O2C56*\GS+_#XI]N'M>!^UL8;XQ(74BH7;>O6(P]4E4=(1BJI7H]:>(\ M8C?TQ,A0\>-4_J,I=:K[=2#/3)F8VDV#C3Z^J;B3<"GXD36P1'9*LW4U*-H` M/<0/0=9*W5BH*$O'NF+*3F8L5`B!%6*"`KD505Z8/+MA=#[%_F+CRX$4I=@$ M>+)2;&^O+8UJ2R':YGIC6(S5&F0*%0Q=JO3TVV[:$16>(B]:8I+Y.&<.B;,U MK%X',!3ZRWOUO/K*E5"ST;$BEHH=D%5+L$C4:@%T%'JF3PM)S$JMM$_)2EWZ MRF6LY<,EM8^56#UH,X'#0EF[QPZC#O'(YB85&V2N`:NARUX#+G[E,F@\FM,# M:324*\AND#35EUUB8B#R15@*3^J5)(6O0H(X? M=-[3^EY^5/)3%U2%%-4NRC)9J@^9'1+U$0=B@HP#?D/0@_A)Q@.G3"2/'M%0 M_GI(P:IM'D#YJNU++V:F8E8=8D-IJU'P$0A='3AAR%YC#P<-<8"(!^Y1IL0L M:_9R%?C0D;P9;N,"LX%K(E"+6G#4LG5+F-E$76N0T0[1G%\E`M(A\*)5X9'X M3]V[,XJ$'1.@KC-*]%/.M792JI$(BAQC70LOU4]QB0SGEXB'R`M6'Q"A,J7X MVZLDJ#!!.VVGL6*AD+U33[:DCT!#D-XOYIK3;\G]AS+U:#V2R:K6+W%E$TCSR[9(LEHOGSGWL6 M!H58;;>^#U`V=^;9V_4A=.)JBZSIO-7F]YUVWVGWG7;?:1MUVAL)43]#4/BR MBRX+%)*T'7"YTPTV&@WPXS#@@3!#R+DY]`:9P(-OXK@:_M=6C'+*7O:`,.XQ MM=&:D9"I0_W8J!\;]6.C?FQDU$5KNJ=4!S8(+O"<4"K^^^Z][][[[KT- M[E*:<_6\Q)3K&HXB(13NE#UUD8,V][R9>ZHA=+M*@ZSI87K0#!BXJ\;[S:'P%JG?5,4\RF,W M[K';:NR_LV(*47)C/X1)A:&)UDPS#/WI)Q[]Q*.?>/03#Z/.>:,IZ9M?^0U^ MPMYK1;]9[E8&$6;FNQ:S;_7 M03]I;ES?Z?6=7M_I]9V>4:>7'`+='B*YQO*B$R\1%M6Q&X-,4(C2=H`FCK>_ MOW<]LY&U:>`N""4\.NSSA-?3Y'M,%@^A8%T:6,)*_;+`D[4'3.T'T2Y9-/&, M>N9M;9I@_XDX6!9;0*X]F-VG^@2$3=KSOA+*8%& MV$*J`*&FY?L&:1E1 M,23!/%C+\)ANS2MDQ"P?>#(,W5?S\$.#/-SC)5I)4\>SQ`319?HA=A,32PBI M6`!X9JH"HJ;H[XUW(_78,<\+GI@*,*@Y>=NH?/'0EX9LAI$EJE60'#SRQ+47Y+>2F M$`X-08<.DE]NKU@?T6Q,>.U%LT%R\^]U$"0W-ZX/DO=!\CY(W@?)C3I*>>>= M?(%,'AX7$PJ5KBBZ1Y-<4*C2=HI&KKXK:@0:7P^3>V*LG\9EF!Y+J MLCL8-*H-Z0>(_0"Q'R#V`T2C;O&C*/UM(B-3%B!OB!9H'A_D$-U%*(V[\[&\ MBEO1-5;*#H4\;?=8#8P#C!V3P.>=SQR,WN+D`'..?DNB0N7EN[1K0*A7L6")[*?0&#<7SJ M*KV9_`ZM9/<^<1ZQ&WIX/%/\V.R,HO;G.YATU+:UGY?T\Q+(\Y(;1N=BA+T8 MXH=@*CXV>":ZF8DR*12IULY-U`Z"XR&1$'Z+%P\X?YA;EZIC](LJ3YJ#'>?` MP9_W9,@6B.1?_RY);`D9.E?U,P3K+AGI@RWVKY?9H^!WV"7.)@<#7RU]WNQ3'BK+``"PDL!J3!8$P;;-ZB(/1) ML!H*NXW8RV2PD*VLP^W'6^Y\0L4OR+M`GHP=#$,\V!BA"*<4IP<-N(&[#1Y' M::,U7"+?7\E;K1?R3)M1>\AE`4V0F=,E9U-@!*SB&D4P'\_D('>Z'N0>-&I5 M8@.\T%6)P7W\JH]?08Y?]5,]>^\"3>O-5H%; M1H/'HB!E_3*AU(C"GGI/V,`UX4K^R"L(IU]8$^PG11T?Z1N0P$TTJ[LAOJ[K M3VL6=J1\QT`U.'GMB/%K%NJ6/^J5=9Q\QS"!FSM7]X,\-=:^H[*.E.X(I@:O MB&B>;@,6[2.G]#J(`X4^KK=')9.KL`;43=U//L3"!(=$!NRF'5%1P9`7[>F4 M^3AG#HFS-1T@.82E'811#N%6'VSI@RU]L*4/MK3!W3U&WA67/NIE*X[VCV=7 M5/S\$&UKU3%<:S^#GZ#$-5 M28CH?82DF MFPOF!^2/9';J(<[)C#C1_T?[^#4ZH:&PS2]:42-:A;S!AP,[J6`MUZ:OJ^I4 MKB=O(02:>&;L%+VA<8/R4S4$*PX#E^_'-"<[`%/^Y..S*J="4$E M&<`S4>;P(2XLQTM$W'L)C6>$>5D.\*"7NMS^`O\X>,2^$=JZE.!1UKK8X.J[ M!EW=$%X!KS8I>'SU3C:XU%X1X#OL3[!/,!_-2=2W#V"$HKXS?;RBCU?T\8H^ M7F'4L:N$Y!XOF1\_0#7:(Y0G@<\ M^@9NMQ]^T.T?-N'`/"]X+BK`T'Y\8K*B[GK_YS7&W(B+\CS@.3!P^U!1BOAE MM\DCQD&%B$5Q+O#X&[G>?B1#U2F5K^R;Y`+/@)'KM6]P7_\B__&`.!9_^7]0 M2P,$%`````@`#F]M0MDMC(1S#P``J<,``!(`'`!C8VEP,BTR,#$R,3(S,2YX M:Z&VRN<#XO0'8=)-GVBJ(XT!)M$R>1/I)*XOOU)2DIEFV1DFS1$0H] M698X7YSAS'!(2E_^\1(&X`DQCBDY[0P.^AV`B$=]3*:G'200 M`S>$T"KZX_W M/PVN[_Y[`)Z?GP^0/X5,4SGP:`BZ7<4*]V8HA$!R3_@)H81$X6EG)L3\I-=3 M0"]C%AQ0-NWY@O7$8HYZLE%7MD(,>YT8;@7@^4@WEZP,>K]^O7W0^#LI@6+L M*YA/(MZ=0CA_!9I`/M8`R0-)9W#8[0^Z1X,4),#D]WPBDJ>CGGH\AAQ)_00H M1$1<419>H`F,`G':^2."`9Y@Y*?8)CA8009QZ%'5?YKRX%#1A4(P/)8J6D$5 MD0UDBA-LX0T3+I3..T!`-D7B&PP1GT,/%;(0X_?1$KO&S)%W,*5//?D@IZ=> M-KHJ4=[@\^?//?TTR[DO5I$G;!_WXH<=:4X_?('21H6V4?57_I_/,9E0_>>' M+PKE2:J!>S0!FLB)TOSI.X[#>8#>)?=F#$U.WWD>GA]V4SE_FS-T(!E*VS`: M2#AC=ZK'/0G"I98U2[=+RBD*R+P-+!N]()'0.6("(_YJ/^]Z-,?2-"G3YE3(QA5/]YPXNX#A`RF?[48!&DZ]01`PK+D:36TJFCT@Y MN+&X0`+B@+\#V#]]5S?26,I$S*6I_]R7ON:P#[I@24S^423`I;Q(:<9W$JHG M(*4+Z`0L*:M_BG97QM40*.K@?4+_QR^]=5@UDPJ!RBYE9J%`U.YNB%/B`L5,^]BZUP,B3_TO"A4K"'_`LD.\;#FTF0: MU9!83&$PR#>%*WFQI`%2(@`2'V3(@"R=5N/Y&A^.V!02_*?F0JKI(0I#R!:C MR0.>$IG9>)`(V:0'OTT>M(S&8U;6X!\H6PSSZJ;X\[B07(F$0 M:`XU/'SE,4G]6V?ITC;-;0OFD<[IVJ::!H=9GUW:(-K9J)L`?@4Q^R<,(C2: M7&$"9=X%@QO"!8N4;GB!/3JE:4LF_^XH>"O6@.9--7_E#F38:RUQU^E,_%CE M2(_T"OF(P4"V51$G\V2G"4P%"K9(_'G'*4O2Z+TBI^XIOS&MOAFF*!>R(L4%]#(6@^P31&]2FW<6NKJ>/[W5=+4./FSA_;C. MZ>MFPM=.:-_4BNNTQ#+65&.1KK6$(DLX>V20<.CIG7[_PF(VG$STV(LK_Y9H M6`+2EN\88MN9O,@B!@HS6*(&">Y6GW7NL;&7!';":2L"&.)&+3MLV@F_@[PY MZUO=9,NY%&PYLL&&=LZ15\-(FQ>_R1JWDQIY6:*V(OD;KW"W68T;[S9!C"%? M+]XZ,;U<"C8[,^3"-7BWF)%DH;HUJ!R#DM,,=<)FQ01>[]E2V_Y`*8UZ45+) M6X*UW>MLO+I*1_)(V'):0PF]]A';9B1N-A3[3^HH!)>W')J5D8HMTS4LF>Z^ MJ7C)3&M<;[DCQ(VME25J-H44I+MUDK#5?@U506?;0MJ\ M=Z=RXN;#W4[KF?'9C,;@GU_X:'(.^>PJH,\9L\A_;)N&'Z_OJ%FB4&I32(#&TNH@?XB? M+Y=;;\CJZEY2CBSP]N41V&I@AGG/^>IZ,";KJX1IR;1UY4Y"^1W.9I*7W%VYRA@):ML3!\*:( MG6TM80F\\O0A?KAH$XBW.T?F](!C(5F;&1HFS_LZ1=;NN'#^@@LG`3:?A"VV M[NWU%FU4=6%3F5J>FU":1\"VLN$J5\N6#-N0Z6I\5>"2Z1Q^\J M=%?GJ4C;9H.N41V"+@I]UV+[>1 MS55D6T^H704X(QV;CW&UFRLO5V]=B1L3NZ9ZTP;Q$'.T!3J7@L6L!J[,2C," M$DY:@RHTJ%]6@KG)*-9:V11KF&?]$M]=(FD54KPQHLS.!JLR#`GB^M:$5A=U M>ENU2"<;JY_+/R+\!`-W&Z4*:-D"NZM-GWJ-4@'IBPQ7K3?>J\$YJ;O92=EF M'Z[FJA9S:^=]>T^D3V< M6W2S4\1`Q#97=95/Y)Q:;.>H;_?:?[=O5R]%VF*%QX9*^EY?_-^:I]T\;\ZI M'N2(V)*EM5:V9,<0O6[46X>S2%J%U!F);A'DKFHD:[AM)7G##HV=XT[,0IO> MOL&7MW8\H[P]05MD,=C9WKZ]U485%TZL7K=E+=*XV;W1FL.V9QJW/\QH5;/! M3Y0]Q=CJT_'913D`D<$&$G3_/^KYTH/S.283JO[)/X30F%G]'X?J%#7@W@R%\#8YE'/: MR:CN95`5^PGI!B]4@4(H8]1?ZS(C_XJ13Y=?A=.*#DVZY,4-+=FA%)]%CKPA>* M@6,3Z3R`4M0TX`3RL8:.>'<*X5P/WAX*!$_O=-6=;G]@L8!<)#%(!Y1FA2/O M8$J?>C[",1?RH@3Q7-A5XBB('0$<<\&@)TX[@D6HH]Q.1TXZ?LM4%F1JD,P^ M'A(W,4R`)&TE/[ M-:/1_+03-\?2@W6`T,WC.VKW.YG>R/L*R;J`J4"/.KA@-OR(V16PTR9UQFD0J#;XFK,>0_P;2 MIBPEQF*2:J-9657%?EB\I:9NB$`R>AIEJXSF;35G\B#G,TBFZ(8DDT]>Y#3, M[??J)^0,PT/(YUL/N`H(FJDXV[[D(B66@]VW0O64\2LD<*H?72&U*A"DZEA8 M-%D(V0ROF8P9)<+0#V6*K7I:X">4Q+)[A,-QQ#B*7VM4+/H.")O1(^=4OS=8 MG[U>ZN\!L2?LK7+/S^$B[7"^5@2\OI M,BP/_2=%7BT$(FG!OG+,KPZYE".H@J$9JDV3@V2XCLA2A&)Q2P(W(CN.[3!E M4+HM*8>?"E#>D$LA:(0UWQ`N^U,R\.J)RRC4!M,(/:H39BI;4&]#J9APE0)M MA)`WH;0UIFXI7@U+AT8EE@-NA*"O'QK([C7FM^@)!8PPC1A[]TA@2?A. M]C4E,$CS0[713Z^FF40KAFM&U##P:5@8JBBM$4LC++;DI-MHO>7AFZ'J4234 M./'E!"K_TW=&8RX#6<^PY&J%@A=F^LD"TS7$1I-<;=,,#2PM1BVS>$B7@#;(^/]+#?_Y0JUCR;V0UK,\SB`0D1WUIG_HZARGVR M+;9&I"5&-6[3$ULB:T1'?,ORI-=R+F`H,TE]$D/ZQ$A]-2^1PR1_-1Q-6'8H M]^9+HSA%G$F2OQ>*M?(N8B/[:ZWVSF;1)X2-=E8(MW=1 M'A&!JI+IJ6^I+V223KFEYTVM]\ZV(0L=/4NK.%LLZW3FU>JR\/M,:S>YDJ;B MJ2TW4[2#:%8DN\JGU#:/"13'K$H'^\S1JB*:O5MGE:V6Y:6TX=B[B-M^!="< MJV^+KQ&B5S]<5*4CML&^]VY1+PW3+PLE(J:3+NK_@H*LS_&7"VCG-)Q#8EYU MVP%C(Y*T-$^I6&TIAJMK,7W+J!3'RF5-:"C.T!03(B]'DW\CR&3$46W.E]LX M*T?BJMCW&:>'H?H>3WP&(UE>N:+L<884=T:MVH&:47RP\2AG/T=;"1<#-D+` M.X:E$6($:,0W.21=T3%@;.A6RC7SP)OC5U[0O MG#/Z%.]#2`MTR7Q-=3.)6+.5>J_3!&M"W-5,#3! MVDLK;&OYR^)KA`'H%7]B77!3*;/D^@)/)H@A5?8W)A_;(6N$8U@9JZ4E+H)J MA&AW#,4[S8B00;>T;(5@C1!N)&:(E1?*V+P1PE2=YA=-X]]ZA M$!]6J_ANCV_W^7M#F5^EIIV,6@3XNA9A`,]G23^ MK9Q8EA^!)0";()\IC2LM9P4$39#W84%\["69"N+EY2P!V`3Y8L`Q0````(``YO;4)B2I'Z ME%T``"+B`P`2`!@```````$```"D@0````!C8VEP,BTR,#$R,3(S,2YX;6Q5 M5`4``\R]0%%U>`L``00E#@``!#D!``!02P$"'@,4````"``.;VU"I_]7#;`& M``"*<```%@`8```````!````I('@70``8V-I<#(M,C`Q,C$R,S%?8V%L+GAM M;%54!0`#S+U`475X"P`!!"4.```$.0$``%!+`0(>`Q0````(``YO;4)D+/TH M\1@``+70`0`6`!@```````$```"D@>!D``!C8VEP,BTR,#$R,3(S,5]D968N M>&UL550%``/,O4!1=7@+``$$)0X```0Y`0``4$L!`AX#%`````@`#F]M0ASH ML75L+```8$L"`!8`&````````0```*2!(7X``&-C:7`R+3(P,3(Q,C,Q7VQA M8BYX;6Q55`4``\R]0%%U>`L``00E#@``!#D!``!02P$"'@,4````"``.;VU" MX3P\.40>``";6@(`%@`8```````!````I('=J@``8V-I<#(M,C`Q,C$R,S%? M<')E+GAM;%54!0`#S+U`475X"P`!!"4.```$.0$``%!+`0(>`Q0````(``YO M;4+9+8R$`L``00E#@``!#D!``!02P4&``````8`!@`@`@`` &,-D````` ` end XML 39 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Assets    
Cash and cash equivalents $ 143 $ 79
Receivables and deposits 126 124
Other assets 85 123
Investment property:    
Land 3,660 3,660
Buildings and related personal property 10,158 9,949
Total investment property 13,818 13,609
Less accumulated depreciation (5,053) (4,489)
Investment property, net 8,765 9,120
Total assets 9,119 9,446
Liabilities    
Accounts payable 34 52
Tenant security deposit liabilities 63 55
Distributions payable 141 170
Due to affiliates 593 312
Accrued property taxes 324 306
Other liabilities 190 156
Mortgage note payable 10,391 10,563
Total liabilities 11,736 11,614
Partners' Deficit    
General partner (479) (475)
Limited partners (2,138) (1,693)
Total partners' deficit (2,617) (2,168)
Total liabilities and partners' deficit $ 9,119 $ 9,446
XML 40 R45.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Advertising Costs (Details) (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Advertising Expense $ 44,000 $ 33,000
XML 41 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies
12 Months Ended
Dec. 31, 2012
Notes  
Note A - Organization and Summary of Significant Accounting Policies

 

Note A - Organization and Summary of Significant Accounting Policies

 

Organization

 

Consolidated Capital Institutional Properties/2, LP (the "Partnership" or "Registrant"), a California Limited Partnership, was formed on April 12, 1983. ConCap Equities, Inc., a Delaware corporation (the "General Partner" or "CEI") is the general partner of the Partnership.  The General Partner is a subsidiary of Apartment Investment and Management Company ("Aimco"), a publicly traded real estate investment trust. The Partnership Agreement provides that the Partnership is to terminate on December 31, 2013 unless terminated prior to such date. The Partnership Agreement also provides that the term of the Partnership cannot be extended beyond the termination date. The Partnership commenced operations on July 22, 1983.  The Partnership currently owns and operates one residential investment property located in Illinois.  The General Partner is currently evaluating its plans with respect to the Partnership’s investment property.

 

Going Concern

 

The Partnership Agreement provides that the Partnership is to terminate on December 31, 2013 unless terminated prior to such date. Since the Partnership’s term will expire on December 31, 2013 and the term cannot be extended, the General Partner is currently evaluating its plans with respect to the Partnership’s investment property, which may include a sale to a third party or continuing operations past the expiration date until the property is sold.  The 2012 financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty.

 

Subsequent Events

 

The Partnership’s management evaluated subsequent events through the time this Annual Report on Form 10-K was filed.

 

Basis of Presentation

 

The accompanying statement of operations for the year ended December 31, 2011 reflects the $265,000 casualty gain recognized in 2011 with respect to a 2008 casualty at Glenbridge Manor Apartments as income from discontinued operations due to its sale on September 9, 2010.

 

Use of Estimates

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

 

Cash and Cash Equivalents

 

Cash and cash equivalents include cash on hand and in banks. At certain times, the amount of cash deposited at a bank may exceed the limit on insured deposits. Cash balances included approximately $143,000 and $41,000 at December 31, 2012 and 2011, respectively, that are maintained by an affiliated management company on behalf of affiliated entities in cash concentration accounts.

 

Income Taxes

 

No provision has been made in the financial statements for Federal income taxes because, under current law, no Federal income taxes are paid directly by the Partnership.  The Unit holders are responsible for their respective shares of Partnership net income or loss. The Partnership reports certain transactions differently for tax than for financial statement purposes.

 

Partners' Deficit

 

The Partnership Agreement provides for net income and net losses for both financial and tax reporting purposes to be allocated 99% to the Limited Partners and 1% to the General Partner. "Distributable Cash from Operations", as defined in the Partnership Agreement, is to be allocated 99% to the Limited Partners and 1% to the General Partner.  Distributions of surplus funds are to be allocated 100% to the Limited Partners.

 

Abandoned Units

 

During 2012 and 2011, the number of limited partnership units (the “Units”) decreased by 156.60 and 1,198.90 Units, respectively, due to limited partners abandoning their Units. At December 31, 2012 and 2011, the Partnership had outstanding 907,143.60 and 907,300.20 Units, respectively. In abandoning his or her Units, a limited partner relinquishes all right, title and interest in the Partnership as of the date of the abandonment.

 

Net Loss Per Limited Partnership Unit

 

Net loss per Unit is computed by dividing net loss allocated to the Limited Partners by the number of Units outstanding at the beginning of the fiscal year. Per Unit information has been computed based on 907,300.20 and 908,499.1 units outstanding for 2012 and 2011, respectively.

 

Depreciation

 

Depreciation is provided by the straight-line method over the estimated lives of the investment property and related personal property.  For Federal income tax purposes, the modified accelerated cost recovery method is used for depreciation of (1) real property over 27½ years and (2) personal property additions over 5 years. 

 

Investment property

 

Investment property consists of one apartment complex and is stated at fair market value at the time of foreclosure in 2002, less accumulated depreciation, unless the carrying amount of the asset is not recoverable. The Partnership capitalizes costs incurred in connection with capital additions activities, including redevelopment and construction projects, other tangible property improvements and replacements of existing property components. Included in these capitalized costs are payroll costs associated with time spent by site employees in connection with the planning, execution and control of all capital additions activities at the property level.  The Partnership capitalizes interest, property taxes and insurance during periods in which redevelopment and construction projects are in progress. No such costs were capitalized during the years ended December 31, 2012 and 2011. Capitalized costs are depreciated over the estimated useful life of the asset. The Partnership charges to expense as incurred costs that do not relate to capital additions activities, including ordinary repairs, maintenance and resident turnover costs.

 

If events or circumstances indicate that the carrying amount of the property may not be recoverable, the Partnership will make an assessment of its recoverability by comparing the carrying amount to the Partnership’s estimate of the undiscounted future cash flows, excluding interest charges, of the property.   If the carrying amount exceeds the estimated aggregate undiscounted future cash flows, the Partnership would recognize an impairment loss to the extent the carrying amount exceeds the estimated fair value of the property.

 

Tenant Security Deposits

 

The Partnership requires security deposits from lessees for the duration of the lease and such deposits are included in receivables and deposits.  The security deposits are refunded when the tenant vacates, provided the tenant has not damaged the space and is current on rental payments.

 

Leases

 

The Partnership generally leases apartment units for twelve-month terms or less.  The Partnership will offer rental concessions during particularly slow months or in response to heavy competition from other similar complexes in the area.  Rental income attributable to leases, net of any concessions, is recognized on a straight-line basis over the term of the lease.  The Partnership evaluates all accounts receivable from residents and establishes an allowance, after the application of security deposits, for accounts greater than 30 days past due on current tenants and all receivables due from former tenants.

 

Advertising Costs

 

The Partnership expenses the costs of advertising as incurred. Advertising costs of approximately $44,000 and $33,000 for the years ended December 31, 2012 and 2011, respectively, were charged to expense as incurred and are included in operating expenses.

 

Deferred Costs

 

Loan costs of approximately $213,000 at both December 31, 2012 and 2011, less accumulated amortization of approximately $174,000 and $134,000, respectively, are included in other assets.

 

Amortization expense was approximately $40,000 for both the years ended December 31, 2012 and 2011, and is included in interest expense. Amortization expense is expected to be approximately $39,000 for 2013.

 

Leasing commissions and other direct costs incurred in connection with successful leasing efforts are deferred and amortized over the terms of the related leases.  Amortization of these costs is included in operating expenses.

 

Fair Value of Financial Instruments

 

Financial Accounting Standards Board Accounting Standards Codification Topic (“ASC”) 825, “Financial Instruments”, requires disclosure of fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate fair value. Fair value is defined as the amount at which the instruments could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. The Partnership is required to classify these fair value measurements into one of three categories, based on the nature of the inputs used in the fair value measurement. Level 1 of the hierarchy includes fair value measurements based on unadjusted quoted prices in active markets for identical assets or liabilities the Partnership can access at the measurement date.  Level 2 includes fair value measurements based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.  Level 3 includes fair value measurements based on unobservable inputs.  The classification of fair value measurements is subjective and generally accepted accounting principles require the Partnership to disclose more detailed information regarding those fair value measurements classified within the lower levels of the hierarchy.  The Partnership believes that the carrying amount of its financial instruments (except for the mortgage note payable) approximates its fair value due to the short-term maturity of these instruments. The Partnership estimates the fair value of its mortgage note payable by discounting future cash flows using a discount rate commensurate with that currently believed to be available to the Partnership for similar term, mortgage notes payable. The Partnership has classified this fair value measurement within Level 2 of the fair value hierarchy. At December 31, 2012, the fair value of the Partnership's mortgage note payable at the Partnership's incremental borrowing rate was approximately $11,593,000.

 

Segment Reporting: ASC Topic 280-10, “Segment Reporting”, established standards for the way that public business enterprises report information about operating segments in annual financial statements and requires that those enterprises report selected information about operating segments in interim financial reports. ASC Topic 280-10 also established standards for related disclosures about products and services, geographic areas, and major customers. As defined in ASC Topic 280-10, the Partnership has only one reportable segment.

 

Reclassifications

 

Certain reclassifications have been made to the 2011 balances to conform to the 2012 presentation.

XML 42 R35.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note E - Mortgage Note Payable: Schedule of Maturities of Long-term Debt (Tables)
12 Months Ended
Dec. 31, 2012
Tables/Schedules  
Schedule of Maturities of Long-term Debt

 

 

 

2013

$   183

2014

    194

2015

    207

2016

    220

2017

  9,587

 

$10,391

XML 43 R22.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Allocation of Income, Loss and Distributions (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Allocation of Income, Loss and Distributions

Partners' Deficit

 

The Partnership Agreement provides for net income and net losses for both financial and tax reporting purposes to be allocated 99% to the Limited Partners and 1% to the General Partner. "Distributable Cash from Operations", as defined in the Partnership Agreement, is to be allocated 99% to the Limited Partners and 1% to the General Partner.  Distributions of surplus funds are to be allocated 100% to the Limited Partners.

XML 44 R36.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note F - Investment Property and Accumulated Depreciation: Investment Property Initial Costs and associated Debt (Tables)
12 Months Ended
Dec. 31, 2012
Tables/Schedules  
Investment Property Initial Costs and associated Debt

 

 

 

Initial Cost

 

 

 

To Partnership

 

 

 

(in thousands)

 

 

 

 

Buildings

Net Cost

 

 

 

and Related

Capitalized

 

 

 

Personal

Subsequent to

Description

Encumbrances

Land

Property

Acquisition

 

 

 

 

 

Highcrest Townhomes

$10,391

$ 3,660

$ 8,540

$ 1,618

XML 45 R24.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Net Loss Per Limited Partnership Unit (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Net Loss Per Limited Partnership Unit

Net Loss Per Limited Partnership Unit

 

Net loss per Unit is computed by dividing net loss allocated to the Limited Partners by the number of Units outstanding at the beginning of the fiscal year. Per Unit information has been computed based on 907,300.20 and 908,499.1 units outstanding for 2012 and 2011, respectively.

XML 46 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

"; }else{ for( var p = 0; p < text.length; p++ ){ formatted += "

" + text[p] + "

\n"; } } }else{ formatted = '

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'
'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } }
XML 47 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note B - Transactions With Affiliated Parties
12 Months Ended
Dec. 31, 2012
Notes  
Note B - Transactions With Affiliated Parties

Note B – Transactions with Affiliated Parties

 

The Partnership has no employees and depends on the General Partner and its affiliates for the management and administration of all Partnership activities.  The Partnership Agreement provides for certain payments to affiliates for services and reimbursement of certain expenses incurred by affiliates on behalf of the Partnership. 

 

Affiliates of the General Partner receive 5% of gross receipts from the Partnership’s property as compensation for providing property management services. The Partnership paid to such affiliates approximately $127,000 and $119,000 for the years ended December 31, 2012 and 2011, respectively, which are included in operating expenses.

 

An affiliate of the General Partner charged the Partnership for reimbursement of accountable administrative expenses amounting to approximately $241,000 and $259,000 for the years ended December 31, 2012 and 2011, respectively, which is included in general and administrative expenses and investment property. The portion of these reimbursements included in investment property for the years ended December 31, 2012 and 2011 are construction management services provided by an affiliate of the General Partner of approximately $34,000 and $68,000, respectively. At December 31, 2012 and 2011, the Partnership owed approximately $344,000 and $125,000, respectively, for accountable administrative expenses, which is included in due to affiliates.

 

Pursuant to the Partnership Agreement, AIMCO Properties, L.P., an affiliate of the General Partner, advanced the Partnership approximately $110,000 and $405,000 during the years ended December 31, 2012 and 2011, respectively, to fund real estate taxes and capital improvements at Highcrest Townhomes. AIMCO Properties, L.P. charges interest on advances under the terms permitted by the Partnership Agreement. The interest rates charged on the outstanding advances made to the Partnership range from the prime rate plus 2% to a variable rate based on the prime rate plus a market rate adjustment for similar type loans. Affiliates of the General Partner review the market rate adjustment quarterly. The interest rate on the outstanding advances at December 31, 2012 was 10.08%. Interest expense was approximately $27,000 and $4,000 for the years ended December 31, 2012 and 2011, respectively. During the years ended December 31, 2012 and 2011, the Partnership repaid advances and accrued interest of approximately $75,000 and $222,000, respectively, from operations and insurance proceeds. At December 31, 2012 and 2011, the amount of outstanding advances and accrued interest due to AIMCO Properties, L.P. was approximately $249,000 and $187,000, respectively, and is included in due to affiliates. The Partnership may receive additional advances of funds from AIMCO Properties, L.P., although AIMCO Properties, L.P. is not obligated to provide such advances. For more information on AIMCO Properties, L.P., including copies of its audited balance sheet, please see its reports filed with the Securities and Exchange Commission.

 

The Partnership insures its property up to certain limits through coverage provided by Aimco which is generally self-insured for a portion of losses and liabilities related to workers’ compensation, property casualty, general liability, and vehicle liability.  The Partnership insures its property above the Aimco limits through insurance policies obtained by Aimco from insurers unaffiliated with the General Partner.  During the years ended December 31, 2012 and 2011, the Partnership was charged by Aimco and its affiliates approximately $29,000 and $25,000, respectively, for insurance coverage and fees associated with policy claims administration.

 

In addition to its indirect ownership of the general partner interest in the Partnership, Aimco and its affiliates owned 574,447.25 Units in the Partnership representing 63.32% of the outstanding Units at December 31, 2012. A number of these Units were acquired pursuant to tender offers made by Aimco or its affiliates. It is possible that Aimco or its affiliates will acquire additional Units in exchange for cash or a combination of cash and units in AIMCO Properties, L.P., the operating partnership of Aimco, either through private purchases or tender offers.  Pursuant to the Partnership Agreement, Unit holders holding a majority of the Units are entitled to take action with respect to a variety of matters that include, but are not limited to, voting on certain amendments to the Partnership Agreement and voting to remove the General Partner. As a result of its ownership of 63.32% of the outstanding Units, Aimco and its affiliates are in a position to control all such voting decisions with respect to the Partnership. Although the General Partner owes fiduciary duties to the limited partners of the Partnership, the General Partner also owes fiduciary duties to Aimco as its sole stockholder. As a result, the duties of the General Partner, as general partner, to the Partnership and its limited partners may come into conflict with the duties of the General Partner to Aimco as its sole stockholder.

XML 48 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Revenues:    
Rental income $ 2,181 $ 2,080
Other income 378 381
Total revenues 2,559 2,461
Expenses:    
Operating 978 944
General and administrative 341 340
Depreciation 656 600
Interest 724 703
Property taxes 333 297
Total expenses 3,032 2,884
Loss before equity in loss from investments, impairment loss, income from discontinued operations and income from merger of affiliated partnership (473) (423)
Equity in loss from investments 0 (20)
Impairment loss on investment 0 (417)
Income from discontinued operations 0 265
Income from merger of affiliated partnership 24 0
Net loss (449) (595)
Net loss allocated to general partner (1%) (4) (6)
Net loss allocated to limited partners (Series A) (99%) $ (445) $ (589)
Per Series A unit:    
Loss before discontinued operations per limited partnership unit $ (0.49) $ (0.94)
Income from discontinued operations per limited partnership unit $ 0.00 $ 0.29
Net loss per limited partnership unit $ (0.49) $ (0.65)
XML 49 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Subsequent Events (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Subsequent Events

Subsequent Events

 

The Partnership’s management evaluated subsequent events through the time this Annual Report on Form 10-K was filed.

XML 50 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Document and Entity Information
12 Months Ended
Dec. 31, 2012
Document and Entity Information  
Entity Registrant Name CONSOLIDATED CAPITAL INSTITUTIONAL PROPERTIES 2
Document Type 10-K
Document Period End Date Dec. 31, 2012
Amendment Flag false
Entity Central Index Key 0000719184
Current Fiscal Year End Date --12-31
Entity Common Stock, Shares Outstanding 907,143.6
Entity Filer Category Smaller Reporting Company
Entity Current Reporting Status Yes
Entity Voluntary Filers No
Entity Well-known Seasoned Issuer No
Document Fiscal Year Focus 2012
Document Fiscal Period Focus FY
XML 51 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Basis of Presentation (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Basis of Presentation

Basis of Presentation

 

The accompanying statement of operations for the year ended December 31, 2011 reflects the $265,000 casualty gain recognized in 2011 with respect to a 2008 casualty at Glenbridge Manor Apartments as income from discontinued operations due to its sale on September 9, 2010.

XML 52 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statement of Shareholders Deficit (USD $)
In Thousands
General Partner
Limited Partners Series A
Total
Partners' deficit, beginning balance at Dec. 31, 2010 $ (469) $ (1,104) $ (1,573)
Net loss (6) (589) (595)
Partners' deficit, ending balance at Dec. 31, 2011 (475) (1,693) (2,168)
Net loss (4) (445) (449)
Partners' deficit, ending balance at Dec. 31, 2012 $ (479) $ (2,138) $ (2,617)
XML 53 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note G - Income Taxes
12 Months Ended
Dec. 31, 2012
Notes  
Note G - Income Taxes

Note G - Income Taxes

 

The Partnership is classified as a partnership for Federal income tax purposes.  Accordingly, no provision for income taxes is made in the financial statements of the Partnership. Taxable income or loss of the Partnership is reported in the income tax returns of its partners.

 

The following is a reconciliation of reported net loss and Federal taxable (loss) income for the years ended December 31, 2012 and 2011 (in thousands, except per unit data):

 

 

2012

2011

 

 

 

Net loss as reported

  $    (449)

  $    (595)

Add (deduct):

 

 

Loss on merger of affiliated partnership

     (2,771)

         --

  Depreciation differences

         35

         51

  Change in prepaid rental

         (3)

          8

  Other

         66

        365

 

 

 

Federal taxable loss

  $  (3,122)

  $    (171)

 

 

 

Federal taxable loss per Series A unit holder

  $   (3.41)

  $   (0.19)

 

The following is a reconciliation between the Partnership's reported amounts and Federal tax basis of net assets and liabilities (in thousands):

 

 

 

2012

2011

Net liabilities as reported

    $ (2,617)

    $ (2,168)

Building and land

       1,134

       1,051

  Accumulated depreciation

        (362)

        (305)

  Syndication fees

      25,796

      25,796

  Other

         460

       3,158

Net assets - tax basis

    $ 24,411

    $ 27,532

 

XML 54 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note F - Investment Property and Accumulated Depreciation
12 Months Ended
Dec. 31, 2012
Notes  
Note F - Investment Property and Accumulated Depreciation

Note F – Investment Property and Accumulated Depreciation

 

 

 

 

Initial Cost

 

 

 

To Partnership

 

 

 

(in thousands)

 

 

 

 

Buildings

Net Cost

 

 

 

and Related

Capitalized

 

 

 

Personal

Subsequent to

Description

Encumbrances

Land

Property

Acquisition

 

 

 

 

 

Highcrest Townhomes

$10,391

$ 3,660

$ 8,540

$ 1,618

 

 

 

Gross Amount At Which Carried

 

 

 

 

 

At December 31, 2012

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Buildings

 

 

 

 

 

 

 

And Related

 

 

 

 

 

 

 

Personal

 

Accumulated

Date of

Date

Depreciable

Description

Land

Properties

Total

Depreciation

Construction

Acquired

Life

 

 

 

 

 

 

 

 

Highcrest Townhomes

$ 3,660

$10,158

$13,818

$ 5,053

1968

08/22/02

5-30 yrs

 

Reconciliation of "Investment Property and Accumulated Depreciation":

 

 

 

Years Ended December 31,

 

2012

2011

 

(in thousands)

Investment Properties

 

 

Balance at beginning of year

$ 13,609

$ 14,027

Property improvements

     301

     632

Retirement of assets

      (92)

   (1,050)

Balance at end of year

$ 13,818

$ 13,609

 

 

 

Accumulated Depreciation

 

 

Balance at beginning of year

$  4,489

$  4,939

Additions charged to expense

     656

     600

Retirement of assets

      (92)

   (1,050)

Balance at end of year

$  5,053

$  4,489

 

During the years ended December 31, 2012 and 2011, the Partnership retired and wrote-off personal property no longer being used that had a cost basis of approximately $92,000 and $1,050,000, respectively, and accumulated depreciation of approximately $92,000 and $1,050,000, respectively.

 

The aggregate cost of the investment property for Federal income tax purposes at December 31, 2012 and 2011 is approximately $14,952,000 and $14,660,000, respectively. The accumulated depreciation taken for Federal income tax purposes at December 31, 2012 and 2011 is approximately $5,415,000 and $4,794,000, respectively.

XML 55 R23.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Abandoned Units (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Abandoned Units

Abandoned Units

 

During 2012 and 2011, the number of limited partnership units (the “Units”) decreased by 156.60 and 1,198.90 Units, respectively, due to limited partners abandoning their Units. At December 31, 2012 and 2011, the Partnership had outstanding 907,143.60 and 907,300.20 Units, respectively. In abandoning his or her Units, a limited partner relinquishes all right, title and interest in the Partnership as of the date of the abandonment.

XML 56 R19.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Use of Estimates (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Use of Estimates

Use of Estimates

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

XML 57 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Organization (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Organization

Organization

 

Consolidated Capital Institutional Properties/2, LP (the "Partnership" or "Registrant"), a California Limited Partnership, was formed on April 12, 1983. ConCap Equities, Inc., a Delaware corporation (the "General Partner" or "CEI") is the general partner of the Partnership.  The General Partner is a subsidiary of Apartment Investment and Management Company ("Aimco"), a publicly traded real estate investment trust. The Partnership Agreement provides that the Partnership is to terminate on December 31, 2013 unless terminated prior to such date. The Partnership Agreement also provides that the term of the Partnership cannot be extended beyond the termination date. The Partnership commenced operations on July 22, 1983.  The Partnership currently owns and operates one residential investment property located in Illinois.  The General Partner is currently evaluating its plans with respect to the Partnership’s investment property.

XML 58 R13.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note H - Distributions
12 Months Ended
Dec. 31, 2012
Notes  
Note H - Distributions

Note H – Distributions

 

In 2010, the Partnership recorded a distribution payable of approximately $29,000, which represented the estimated Ohio withholding taxes to be paid by the Partnership on behalf of certain partners in connection with the sale of Glenbridge Manor Apartments. As it was subsequently determined in 2011 that no Ohio withholding taxes were due in connection with the sale of Glenbridge Manor Apartments, the Partnership distributed this amount to those partners from which it was withheld during 2012.

XML 59 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note I - Contingencies
12 Months Ended
Dec. 31, 2012
Notes  
Note I - Contingencies

Note I – Contingencies

 

The Partnership is unaware of any pending or outstanding litigation matters involving it or its investment property that are not of a routine nature arising in the ordinary course of business.

 

Various Federal, state and local laws subject property owners or operators to liability for management, and the costs of removal or remediation, of certain potentially hazardous materials present on a property, including lead-based paint, asbestos, polychlorinated biphenyls, petroleum-based fuels, and other miscellaneous materials. Such laws often impose liability without regard to whether the owner or operator knew of, or was responsible for, the release or presence of such materials. The presence of, or the failure to manage or remedy properly, these materials may adversely affect occupancy at affected apartment communities and the ability to sell or finance affected properties. In addition to the costs associated with investigation and remediation actions brought by government agencies, and potential fines or penalties imposed by such agencies in connection therewith, the improper management of these materials on a property could result in claims by private plaintiffs for personal injury, disease, disability or other infirmities. Various laws also impose liability for the cost of removal, remediation or disposal of these materials through a licensed disposal or treatment facility. Anyone who arranges for the disposal or treatment of these materials is potentially liable under such laws for the proper operation of the disposal facility. These laws often impose liability whether or not the person arranging for the disposal ever owned or operated the disposal facility. In connection with the ownership, operation and management of its property, the Partnership could potentially be responsible for environmental liabilities or costs associated with its property.

XML 60 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Going Concern (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Going Concern

Going Concern

 

The Partnership Agreement provides that the Partnership is to terminate on December 31, 2013 unless terminated prior to such date. Since the Partnership’s term will expire on December 31, 2013 and the term cannot be extended, the General Partner is currently evaluating its plans with respect to the Partnership’s investment property, which may include a sale to a third party or continuing operations past the expiration date until the property is sold.  The 2012 financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty.

XML 61 R34.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note E - Mortgage Note Payable: Schedule of Mortgage Note Payable (Tables)
12 Months Ended
Dec. 31, 2012
Tables/Schedules  
Schedule of Mortgage Note Payable

 

 

Principal Balance at December 31, 2012

Principal Balance at December 31, 2011

Monthly Payment Including Interest

Stated Interest Rate

Maturity Date (1)

Principal Balance Due at Maturity

 

(in thousands)

 

 

 

(in thousands)

Property

 

 

 

 

 

 

Highcrest Townhomes

$10,391

$10,563

$ 68

6.17%

10/01/17

$ 9,414

XML 62 R51.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note E - Mortgage Note Payable: Schedule of Mortgage Note Payable (Details) (Mortgages, USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Mortgages
   
Debt Instrument, Periodic Payment $ 68  
Debt Instrument, Interest Rate, Stated Percentage 6.17%  
Debt Instrument, Maturity Date Oct. 01, 2017  
Principal Balance Due at Maturity 9,414  
Long-term Debt, Gross $ 10,391 $ 10,563
XML 63 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Income Taxes (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Income Taxes

Income Taxes

 

No provision has been made in the financial statements for Federal income taxes because, under current law, no Federal income taxes are paid directly by the Partnership.  The Unit holders are responsible for their respective shares of Partnership net income or loss. The Partnership reports certain transactions differently for tax than for financial statement purposes.

XML 64 R26.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Investment Property (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Investment Property

Investment property

 

Investment property consists of one apartment complex and is stated at fair market value at the time of foreclosure in 2002, less accumulated depreciation, unless the carrying amount of the asset is not recoverable. The Partnership capitalizes costs incurred in connection with capital additions activities, including redevelopment and construction projects, other tangible property improvements and replacements of existing property components. Included in these capitalized costs are payroll costs associated with time spent by site employees in connection with the planning, execution and control of all capital additions activities at the property level.  The Partnership capitalizes interest, property taxes and insurance during periods in which redevelopment and construction projects are in progress. No such costs were capitalized during the years ended December 31, 2012 and 2011. Capitalized costs are depreciated over the estimated useful life of the asset. The Partnership charges to expense as incurred costs that do not relate to capital additions activities, including ordinary repairs, maintenance and resident turnover costs.

 

If events or circumstances indicate that the carrying amount of the property may not be recoverable, the Partnership will make an assessment of its recoverability by comparing the carrying amount to the Partnership’s estimate of the undiscounted future cash flows, excluding interest charges, of the property.   If the carrying amount exceeds the estimated aggregate undiscounted future cash flows, the Partnership would recognize an impairment loss to the extent the carrying amount exceeds the estimated fair value of the property.

XML 65 R49.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note C - Investment in Affiliated Partnership (Details) (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Equity in loss of Affiliated Partnership   $ 20,000
Impairment loss in Affiliated Partnership   417,000
Income from merger of affiliated partnership $ 24,000  
XML 66 R41.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Basis of Presentation (Details) (USD $)
12 Months Ended
Dec. 31, 2011
Income from discontinued operations - 2011 casualty gain from 2010 property sale $ 265,000
XML 67 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:    
Net loss $ (449) $ (595)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 656 600
Amortization of loan costs 40 40
Bad debt expense 58 27
Casualty gain 0 (265)
Impairment loss 0 417
Income from merger of affiliated partnership (24) 0
Equity in loss from investments 0 20
Change in accounts:    
Other assets (2) (12)
Receivables and deposits (60) (29)
Accounts payable (1) (62)
Accrued property taxes 18 4
Due to affiliates 220 127
Tenant security deposit liabilities 8 (1)
Other liabilities 34 18
Net cash provided by operating activities 498 289
Cash flows from investing activities:    
Proceeds from merger of affiliated partnership 24 0
Property improvements and replacements (318) (616)
Insurance proceeds received 0 265
Net cash used in investing activities (294) (351)
Cash flows from financing activities:    
Principal payments on mortgage note payable (172) (161)
Distribtuion to partners (29) 0
Advances from affiliate 110 405
Repayment of advances from affiliate (49) (220)
Net cash provided by (used in) financing activities (140) 24
Net increase (decrease) in cash and cash equivalents 64 (38)
Cash and cash equivalents at beginning of period 79 117
Cash and cash equivalents at end of period 143 79
Supplemental disclosure of cash flow information:    
Cash paid for interest 673 661
Supplemental disclosure of non-cash activity:    
Property improvements and replacements included in accounts payable $ 13 $ 30
XML 68 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note E - Mortgage Note Payable
12 Months Ended
Dec. 31, 2012
Notes  
Note E - Mortgage Note Payable

Note E – Mortgage Note Payable

 

The principal terms of the mortgage note payable are as follows:

 

 

Principal Balance at December 31, 2012

Principal Balance at December 31, 2011

Monthly Payment Including Interest

Stated Interest Rate

Maturity Date (1)

Principal Balance Due at Maturity

 

(in thousands)

 

 

 

(in thousands)

Property

 

 

 

 

 

 

Highcrest Townhomes

$10,391

$10,563

$ 68

6.17%

10/01/17

$ 9,414

 

(1)   Maturity date of the mortgage note payable encumbering Highcrest Townhomes extends beyond the termination date of the Partnership, which is December 31, 2013.

 

The mortgage note payable is a fixed rate mortgage that is nonrecourse and is secured by a pledge of the Partnership’s investment property and by pledge of revenues from the respective investment property. The mortgage note imposes a prepayment penalty if repaid prior to maturity. Further, the property may not be sold subject to existing indebtedness.

 

While the Partnership termination date is December 31, 2013, scheduled principal payments of the mortgage note payable subsequent to December 31, 2012 are as follows (in thousands):

 

 

 

2013

$   183

2014

    194

2015

    207

2016

    220

2017

  9,587

 

$10,391

 

XML 69 R58.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note G - Income Taxes: Reconciliation of Book Net Assets (Liabilities) to Tax Basis Net Assets (Liabilities) (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Net assets (liabilities) reported per book $ (2,617) $ (2,168)
Building and Land book tax differences 1,134 1,051
Accumulated Depreciation book tax differences (362) (305)
Syndication Fees book tax differences 25,796 25,796
Other balance sheet book tax differences 460 3,158
Net assets (liabilities) Federal tax basis $ 24,411 $ 27,532
XML 70 R27.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Tenant Security Deposits (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Tenant Security Deposits

Tenant Security Deposits

 

The Partnership requires security deposits from lessees for the duration of the lease and such deposits are included in receivables and deposits.  The security deposits are refunded when the tenant vacates, provided the tenant has not damaged the space and is current on rental payments.

XML 71 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.6 Html 18 188 1 false 3 0 false 4 false false R1.htm 000010 - Document - Document and Entity Information Sheet http://www.aimco.com/20121231/role/idr_DocumentDocumentAndEntityInformation Document and Entity Information true false R2.htm 000020 - Statement - Balance Sheets Sheet http://www.aimco.com/20121231/role/idr_BalanceSheets Balance Sheets false false R3.htm 000030 - Statement - Statements of Operations Sheet http://www.aimco.com/20121231/role/idr_StatementsOfOperations Statements of Operations false false R4.htm 000040 - Statement - Statement of Shareholders Deficit Sheet http://www.aimco.com/20121231/role/idr_StatementOfShareholdersDeficit Statement of Shareholders Deficit false false R5.htm 000050 - Statement - Statements of Cash Flows Sheet http://www.aimco.com/20121231/role/idr_StatementsOfCashFlows Statements of Cash Flows false false R6.htm 000060 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPolicies Note A - Organization and Summary of Significant Accounting Policies false false R7.htm 000070 - Disclosure - Note B - Transactions With Affiliated Parties Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteBTransactionsWithAffiliatedParties Note B - Transactions With Affiliated Parties false false R8.htm 000080 - Disclosure - Note C - Investment in Affiliated Partnership Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteCInvestmentInAffiliatedPartnership Note C - Investment in Affiliated Partnership false false R9.htm 000090 - Disclosure - Note D - Casualty Event Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteDCasualtyEvent Note D - Casualty Event false false R10.htm 000100 - Disclosure - Note E - Mortgage Note Payable Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteEMortgageNotePayable Note E - Mortgage Note Payable false false R11.htm 000110 - Disclosure - Note F - Investment Property and Accumulated Depreciation Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteFInvestmentPropertyAndAccumulatedDepreciation Note F - Investment Property and Accumulated Depreciation false false R12.htm 000120 - Disclosure - Note G - Income Taxes Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteGIncomeTaxes Note G - Income Taxes false false R13.htm 000130 - Disclosure - Note H - Distributions Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteHDistributions Note H - Distributions false false R14.htm 000140 - Disclosure - Note I - Contingencies Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteIContingencies Note I - Contingencies false false R15.htm 000150 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Organization (Policies) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesOrganizationPolicies Note A - Organization and Summary of Significant Accounting Policies: Organization (Policies) false false R16.htm 000160 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Going Concern (Policies) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesGoingConcernPolicies Note A - Organization and Summary of Significant Accounting Policies: Going Concern (Policies) false false R17.htm 000170 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Subsequent Events (Policies) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesSubsequentEventsPolicies Note A - Organization and Summary of Significant Accounting Policies: Subsequent Events (Policies) false false R18.htm 000180 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Basis of Presentation (Policies) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesBasisOfPresentationPolicies Note A - Organization and Summary of Significant Accounting Policies: Basis of Presentation (Policies) false false R19.htm 000190 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Use of Estimates (Policies) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesUseOfEstimatesPolicies Note A - Organization and Summary of Significant Accounting Policies: Use of Estimates (Policies) false false R20.htm 000200 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesCashAndCashEquivalentsPolicies Note A - Organization and Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies) false false R21.htm 000210 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Income Taxes (Policies) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesIncomeTaxesPolicies Note A - Organization and Summary of Significant Accounting Policies: Income Taxes (Policies) false false R22.htm 000220 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Allocation of Income, Loss and Distributions (Policies) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesAllocationOfIncomeLossAndDistributionsPolicies Note A - Organization and Summary of Significant Accounting Policies: Allocation of Income, Loss and Distributions (Policies) false false R23.htm 000230 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Abandoned Units (Policies) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesAbandonedUnitsPolicies Note A - Organization and Summary of Significant Accounting Policies: Abandoned Units (Policies) false false R24.htm 000240 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Net Loss Per Limited Partnership Unit (Policies) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesNetLossPerLimitedPartnershipUnitPolicies Note A - Organization and Summary of Significant Accounting Policies: Net Loss Per Limited Partnership Unit (Policies) false false R25.htm 000250 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Depreciation (Policies) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesDepreciationPolicies Note A - Organization and Summary of Significant Accounting Policies: Depreciation (Policies) false false R26.htm 000260 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Investment Property (Policies) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesInvestmentPropertyPolicies Note A - Organization and Summary of Significant Accounting Policies: Investment Property (Policies) false false R27.htm 000270 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Tenant Security Deposits (Policies) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesTenantSecurityDepositsPolicies Note A - Organization and Summary of Significant Accounting Policies: Tenant Security Deposits (Policies) false false R28.htm 000280 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Leases (Policies) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesLeasesPolicies Note A - Organization and Summary of Significant Accounting Policies: Leases (Policies) false false R29.htm 000290 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Advertising Costs (Policies) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesAdvertisingCostsPolicies Note A - Organization and Summary of Significant Accounting Policies: Advertising Costs (Policies) false false R30.htm 000300 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Deferred Costs (Policies) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesDeferredCostsPolicies Note A - Organization and Summary of Significant Accounting Policies: Deferred Costs (Policies) false false R31.htm 000310 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesFairValueOfFinancialInstrumentsPolicies Note A - Organization and Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies) false false R32.htm 000320 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Segment Reporting, Policy (Policies) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesSegmentReportingPolicyPolicies Note A - Organization and Summary of Significant Accounting Policies: Segment Reporting, Policy (Policies) false false R33.htm 000330 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Reclassifications (Policies) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesReclassificationsPolicies Note A - Organization and Summary of Significant Accounting Policies: Reclassifications (Policies) false false R34.htm 000340 - Disclosure - Note E - Mortgage Note Payable: Schedule of Mortgage Note Payable (Tables) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteEMortgageNotePayableScheduleOfMortgageNotePayableTables Note E - Mortgage Note Payable: Schedule of Mortgage Note Payable (Tables) false false R35.htm 000350 - Disclosure - Note E - Mortgage Note Payable: Schedule of Maturities of Long-term Debt (Tables) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteEMortgageNotePayableScheduleOfMaturitiesOfLongTermDebtTables Note E - Mortgage Note Payable: Schedule of Maturities of Long-term Debt (Tables) false false R36.htm 000360 - Disclosure - Note F - Investment Property and Accumulated Depreciation: Investment Property Initial Costs and associated Debt (Tables) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteFInvestmentPropertyAndAccumulatedDepreciationInvestmentPropertyInitialCostsAndAssociatedDebtTables Note F - Investment Property and Accumulated Depreciation: Investment Property Initial Costs and associated Debt (Tables) false false R37.htm 000370 - Disclosure - Note F - Investment Property and Accumulated Depreciation: Investment Property and Accumulated Depreciation (Tables) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteFInvestmentPropertyAndAccumulatedDepreciationInvestmentPropertyAndAccumulatedDepreciationTables Note F - Investment Property and Accumulated Depreciation: Investment Property and Accumulated Depreciation (Tables) false false R38.htm 000380 - Disclosure - Note F - Investment Property and Accumulated Depreciation: Reconciliation of Investment Property and Accumulated Depreciation (Tables) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteFInvestmentPropertyAndAccumulatedDepreciationReconciliationOfInvestmentPropertyAndAccumulatedDepreciationTables Note F - Investment Property and Accumulated Depreciation: Reconciliation of Investment Property and Accumulated Depreciation (Tables) false false R39.htm 000390 - Disclosure - Note G - Income Taxes: Reconciliation of Book Income (Loss) to Federal Taxable Income (Loss) (Tables) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteGIncomeTaxesReconciliationOfBookIncomeLossToFederalTaxableIncomeLossTables Note G - Income Taxes: Reconciliation of Book Income (Loss) to Federal Taxable Income (Loss) (Tables) false false R40.htm 000400 - Disclosure - Note G - Income Taxes: Reconciliation of Book Net Assets (Liabilities) to Tax Basis Net Assets (Liabilities) (Tables) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteGIncomeTaxesReconciliationOfBookNetAssetsLiabilitiesToTaxBasisNetAssetsLiabilitiesTables Note G - Income Taxes: Reconciliation of Book Net Assets (Liabilities) to Tax Basis Net Assets (Liabilities) (Tables) false false R41.htm 000410 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Basis of Presentation (Details) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesBasisOfPresentationDetails Note A - Organization and Summary of Significant Accounting Policies: Basis of Presentation (Details) false false R42.htm 000420 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Cash and Cash Equivalents (Details) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesCashAndCashEquivalentsDetails Note A - Organization and Summary of Significant Accounting Policies: Cash and Cash Equivalents (Details) false false R43.htm 000430 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Abandoned Units (Details) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesAbandonedUnitsDetails Note A - Organization and Summary of Significant Accounting Policies: Abandoned Units (Details) false false R44.htm 000440 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Net Loss Per Limited Partnership Unit (Details) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesNetLossPerLimitedPartnershipUnitDetails Note A - Organization and Summary of Significant Accounting Policies: Net Loss Per Limited Partnership Unit (Details) false false R45.htm 000450 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Advertising Costs (Details) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesAdvertisingCostsDetails Note A - Organization and Summary of Significant Accounting Policies: Advertising Costs (Details) false false R46.htm 000460 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Deferred Costs (Details) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesDeferredCostsDetails Note A - Organization and Summary of Significant Accounting Policies: Deferred Costs (Details) false false R47.htm 000470 - Disclosure - Note A - Organization and Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Details) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteAOrganizationAndSummaryOfSignificantAccountingPoliciesFairValueOfFinancialInstrumentsDetails Note A - Organization and Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Details) false false R48.htm 000480 - Disclosure - Note B - Transactions With Affiliated Parties (Details) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteBTransactionsWithAffiliatedPartiesDetails Note B - Transactions With Affiliated Parties (Details) false false R49.htm 000490 - Disclosure - Note C - Investment in Affiliated Partnership (Details) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteCInvestmentInAffiliatedPartnershipDetails Note C - Investment in Affiliated Partnership (Details) false false R50.htm 000500 - Disclosure - Note D - Casualty Event (Details) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteDCasualtyEventDetails Note D - Casualty Event (Details) false false R51.htm 000510 - Disclosure - Note E - Mortgage Note Payable: Schedule of Mortgage Note Payable (Details) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteEMortgageNotePayableScheduleOfMortgageNotePayableDetails Note E - Mortgage Note Payable: Schedule of Mortgage Note Payable (Details) false false R52.htm 000520 - Disclosure - Note E - Mortgage Note Payable: Schedule of Maturities of Long-term Debt (Details) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteEMortgageNotePayableScheduleOfMaturitiesOfLongTermDebtDetails Note E - Mortgage Note Payable: Schedule of Maturities of Long-term Debt (Details) false false R53.htm 000530 - Disclosure - Note F - Investment Property and Accumulated Depreciation: Investment Property Initial Costs and associated Debt (Details) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteFInvestmentPropertyAndAccumulatedDepreciationInvestmentPropertyInitialCostsAndAssociatedDebtDetails Note F - Investment Property and Accumulated Depreciation: Investment Property Initial Costs and associated Debt (Details) false false R54.htm 000540 - Disclosure - Note F - Investment Property and Accumulated Depreciation: Investment Property and Accumulated Depreciation (Details) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteFInvestmentPropertyAndAccumulatedDepreciationInvestmentPropertyAndAccumulatedDepreciationDetails Note F - Investment Property and Accumulated Depreciation: Investment Property and Accumulated Depreciation (Details) false false R55.htm 000550 - Disclosure - Note F - Investment Property and Accumulated Depreciation: Reconciliation of Investment Property and Accumulated Depreciation (Details) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteFInvestmentPropertyAndAccumulatedDepreciationReconciliationOfInvestmentPropertyAndAccumulatedDepreciationDetails Note F - Investment Property and Accumulated Depreciation: Reconciliation of Investment Property and Accumulated Depreciation (Details) false false R56.htm 000560 - Disclosure - Note F - Investment Property and Accumulated Depreciation (Details) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteFInvestmentPropertyAndAccumulatedDepreciationDetails Note F - Investment Property and Accumulated Depreciation (Details) false false R57.htm 000570 - Disclosure - Note G - Income Taxes: Reconciliation of Book Income (Loss) to Federal Taxable Income (Loss) (Details) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteGIncomeTaxesReconciliationOfBookIncomeLossToFederalTaxableIncomeLossDetails Note G - Income Taxes: Reconciliation of Book Income (Loss) to Federal Taxable Income (Loss) (Details) false false R58.htm 000580 - Disclosure - Note G - Income Taxes: Reconciliation of Book Net Assets (Liabilities) to Tax Basis Net Assets (Liabilities) (Details) Sheet http://www.aimco.com/20121231/role/idr_DisclosureNoteGIncomeTaxesReconciliationOfBookNetAssetsLiabilitiesToTaxBasisNetAssetsLiabilitiesDetails Note G - Income Taxes: Reconciliation of Book Net Assets (Liabilities) to Tax Basis Net Assets (Liabilities) (Details) false false All Reports Book All Reports Process Flow-Through: 000020 - Statement - Balance Sheets Process Flow-Through: Removing column 'Dec. 31, 2010' Process Flow-Through: 000030 - Statement - Statements of Operations Process Flow-Through: 000050 - Statement - Statements of Cash Flows ccip2-20121231.xml ccip2-20121231.xsd ccip2-20121231_cal.xml ccip2-20121231_def.xml ccip2-20121231_lab.xml ccip2-20121231_pre.xml true true XML 72 R38.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note F - Investment Property and Accumulated Depreciation: Reconciliation of Investment Property and Accumulated Depreciation (Tables)
12 Months Ended
Dec. 31, 2012
Tables/Schedules  
Reconciliation of Investment Property and Accumulated Depreciation

 

 

Years Ended December 31,

 

2012

2011

 

(in thousands)

Investment Properties

 

 

Balance at beginning of year

$ 13,609

$ 14,027

Property improvements

     301

     632

Retirement of assets

      (92)

   (1,050)

Balance at end of year

$ 13,818

$ 13,609

 

 

 

Accumulated Depreciation

 

 

Balance at beginning of year

$  4,489

$  4,939

Additions charged to expense

     656

     600

Retirement of assets

      (92)

   (1,050)

Balance at end of year

$  5,053

$  4,489

XML 73 R20.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note A - Organization and Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Cash and Cash Equivalents

Cash and Cash Equivalents

 

Cash and cash equivalents include cash on hand and in banks. At certain times, the amount of cash deposited at a bank may exceed the limit on insured deposits. Cash balances included approximately $143,000 and $41,000 at December 31, 2012 and 2011, respectively, that are maintained by an affiliated management company on behalf of affiliated entities in cash concentration accounts.