MORTGAGE AND OTHER NOTES PAYABLE

The Company completed the following transactions related to mortgage notes payable during the nine months ended September 30, 2016:



(dollars in thousands)			Borrowings				Repayments
Property	Date	Description	Amount		Interest Rate	Maturity Date	Amount		Interest Rate
Cortlandt Town Center	January	Repayment	$	—	—		$	83,070	LIBOR+1.65%
1964 Union Street	January	Assumption	1,463		3.8%	10/1/2025	—
Chicago Street Retail Portfolio	January	Repayment	—		—		14,955		5.62%
Heritage Shops	April	Repayment	—		—		24,456		LIBOR+1.55%
330-340 River Street	May	Refinancing	12,000		LIBOR+1.70%	6/1/2026	10,336		5.24%
2208-2216 Fillmore Street	June	New borrowing	5,606		3.4%	6/1/2026	—
1861 Union Street	June	New borrowing	2,315		3.4%	6/1/2026	—
Brandywine Portfolio	June	Repayment	—				139,950		6.0%
Sherman Avenue	July	New borrowing	14,250		LIBOR+3.25%	7/1/2018
146 Geary Street	July	New borrowing	27,700		LIBOR+3.40%	7/14/2019
Concord & Milwaukee	July	Assumption	2,902		4.4%	6/1/2030
151 North State Street	August	Assumption	14,556		4.0%	12/1/2029
North & Kingsbury	August	Assumption	13,409		4.0%	11/5/2029
State & Washington	August	Assumption	25,651		4.4%	9/5/2028
Restaurants at Fort Point	August	New borrowing	6,500		LIBOR+2.35%	8/25/2021
California & Armitage	September	Assumption	2,692		5.9%	4/15/2035
Rhode Island Shopping Center	September	Repayment	—			12/1/2016	15,554		6.35%
Total			$	129,044			$	288,321

Additionally, the Company is in default on one loan with respect to $26.3 million of non-recourse mortgage debt which is collateralized by a property, in which the Company holds a 22% interest.