The Partnership has a note payable with a bank through its investment in 720 University (see Note 6), which is secured by the retail development located in Greeley, Colorado. The remaining principal balance on the note was approximately $10,126,000 and $10,242,000 as of September 30, 2012 and December 31, 2011, respectively. The interest rate on the note is 5.07% per annum and requires monthly interest and principal payments of $56,816, with the balance of unpaid principal due on March 1, 2015. Interest expense was approximately $131,000 and $133,000 for the three months ended September 30, 2012 and 2011, respectively, and $393,000 and $397,000 for the nine months ended September 30, 2012 and 2011, respectively. The following table shows maturities by year on this note payable as of September 30, 2012: