0000912242-18-000004.txt : 20180223 0000912242-18-000004.hdr.sgml : 20180223 20180223130815 ACCESSION NUMBER: 0000912242-18-000004 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 133 CONFORMED PERIOD OF REPORT: 20171231 FILED AS OF DATE: 20180223 DATE AS OF CHANGE: 20180223 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MACERICH CO CENTRAL INDEX KEY: 0000912242 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 954448705 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12504 FILM NUMBER: 18635645 BUSINESS ADDRESS: STREET 1: 401 WILSHIRE BLVD STREET 2: STE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401 BUSINESS PHONE: 3103946000 MAIL ADDRESS: STREET 1: 401 WILSHIRE BLVD SUITE 700 CITY: SANTA MONICA STATE: CA ZIP: 90401 10-K 1 mac-2017x1231x10k.htm 10-K Document

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE FISCAL YEAR ENDED DECEMBER 31, 2017
Commission File No. 1-12504
THE MACERICH COMPANY
(Exact name of registrant as specified in its charter)
MARYLAND
(State or other jurisdiction of
incorporation or organization)
 
95-4448705
(I.R.S. Employer
Identification Number)
401 Wilshire Boulevard, Suite 700, Santa Monica, California 90401
(Address of principal executive office, including zip code)
Registrant's telephone number, including area code (310) 394-6000
Securities registered pursuant to Section 12(b) of the Act
Title of each class
 
Name of each exchange on which registered
Common Stock, $0.01 Par Value
 
New York Stock Exchange
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act YES ý    NO o
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act YES o    NO ý
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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 ý    NO o
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). YES ý    NO o
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment on to this Form 10-K. o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer ý
 
Accelerated filer o
 
Non-accelerated filer o
 (Do not check if a
smaller reporting company)
 
Smaller reporting company o
 
 
 
 
 
 
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards pursuant to Section 13(a) of the Exchange Act. o
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YES o    NO ý
The aggregate market value of voting and non-voting common equity held by non-affiliates of the registrant was approximately $8.2 billion as of the last business day of the registrant's most recently completed second fiscal quarter based upon the price at which the common shares were last sold on that day.
Number of shares outstanding of the registrant's common stock, as of February 21, 2018: 140,852,118 shares
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the proxy statement for the annual stockholders meeting to be held in 2018 are incorporated by reference into Part III of this Form 10-K.
 


THE MACERICH COMPANY
ANNUAL REPORT ON FORM 10-K
FOR THE YEAR ENDED DECEMBER 31, 2017
INDEX

 
 
Page
 
 
 
 
 
 
 
 

2

PART I
IMPORTANT FACTORS RELATED TO FORWARD-LOOKING STATEMENTS
This Annual Report on Form 10-K of The Macerich Company (the "Company") contains statements that constitute forward-looking statements within the meaning of the federal securities laws. Any statements that do not relate to historical or current facts or matters are forward-looking statements. You can identify some of the forward-looking statements by the use of forward-looking words, such as "may," "will," "could," "should," "expects," "anticipates," "intends," "projects," "predicts," "plans," "believes," "seeks," "estimates," "scheduled" and variations of these words and similar expressions. Statements concerning current conditions may also be forward-looking if they imply a continuation of current conditions. Forward-looking statements appear in a number of places in this Form 10-K and include statements regarding, among other matters:
•
expectations regarding the Company's growth;
•
the Company's beliefs regarding its acquisition, redevelopment, development, leasing and operational activities and opportunities, including the performance of its retailers;
•
the Company's acquisition, disposition and other strategies;
•
regulatory matters pertaining to compliance with governmental regulations;
•
the Company's capital expenditure plans and expectations for obtaining capital for expenditures;
•
the Company's expectations regarding income tax benefits;
•
the Company's expectations regarding its financial condition or results of operations; and
•
the Company's expectations for refinancing its indebtedness, entering into and servicing debt obligations and entering into joint venture arrangements.
Stockholders are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company or the industry to differ materially from the Company's future results, performance or achievements, or those of the industry, expressed or implied in such forward-looking statements. Such factors include, among others, general industry, as well as national, regional and local economic and business conditions, which will, among other things, affect demand for retail space or retail goods, availability and creditworthiness of current and prospective tenants, anchor or tenant bankruptcies, closures, mergers or consolidations, lease rates, terms and payments, interest rate fluctuations, availability, terms and cost of financing and operating expenses; adverse changes in the real estate markets including, among other things, competition from other companies, retail formats and technology, risks of real estate development and redevelopment, acquisitions and dispositions; the liquidity of real estate investments, governmental actions and initiatives (including legislative and regulatory changes); environmental and safety requirements; and terrorist activities or other acts of violence which could adversely affect all of the above factors. You are urged to carefully review the disclosures we make concerning risks and other factors that may affect our business and operating results, including those made in "Item 1A. Risk Factors" of this Annual Report on Form 10-K, as well as our other reports filed with the Securities and Exchange Commission ("SEC"). You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document. The Company does not intend, and undertakes no obligation, to update any forward-looking information to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, unless required by law to do so.
ITEM 1.    BUSINESS
General
The Company is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers located throughout the United States. The Company is the sole general partner of, and owns a majority of the ownership interests in, The Macerich Partnership, L.P., a Delaware limited partnership (the "Operating Partnership"). As of December 31, 2017, the Operating Partnership owned or had an ownership interest in 48 regional shopping centers and seven community/power shopping centers. These 55 regional and community/power shopping centers (which include any related office space) consist of approximately 53 million square feet of gross leasable area (“GLA”) and are referred to herein as the “Centers”. The Centers consist of consolidated Centers (“Consolidated Centers”) and unconsolidated joint venture Centers (“Unconsolidated Joint Venture Centers”) as set forth in “Item 2. Properties,” unless the context otherwise requires.

3

The Company is a self-administered and self-managed real estate investment trust ("REIT") and conducts all of its operations through the Operating Partnership and the Company's management companies, Macerich Property Management Company, LLC, a single member Delaware limited liability company, Macerich Management Company, a California corporation, Macerich Arizona Partners LLC, a single member Arizona limited liability company, Macerich Arizona Management LLC, a single member Delaware limited liability company, Macerich Partners of Colorado LLC, a single member Colorado limited liability company, MACW Mall Management, Inc., a New York corporation, and MACW Property Management, LLC, a single member New York limited liability company. All seven of the management companies are owned by the Company and are collectively referred to herein as the "Management Companies."
The Company was organized as a Maryland corporation in September 1993. All references to the Company in this Annual Report on Form 10-K include the Company, those entities owned or controlled by the Company and predecessors of the Company, unless the context indicates otherwise.
Financial information regarding the Company for each of the last three fiscal years is contained in the Company's Consolidated Financial Statements included in "Item 15. Exhibits and Financial Statement Schedule."
Recent Developments
Acquisitions and Dispositions:
On January 18, 2017, the Company sold Cascade Mall, a 589,000 square foot regional shopping center in Burlington, Washington; and Northgate Mall, a 750,000 square foot regional shopping center in San Rafael, California, in a combined transaction for $170.0 million, resulting in a gain on the sale of assets of $59.6 million. The proceeds were used to pay off the mortgage note payable on Northgate Mall and to repurchase shares of the Company's common stock under the 2017 Stock Buyback Program (See "Other Transactions and Events").
On March 17, 2017, the Company's joint venture in Country Club Plaza sold an office building for $78.0 million, resulting in a gain on sale of assets of $4.6 million. The Company's pro rata share of the gain on sale of assets of $2.3 million was included in equity in income of unconsolidated joint ventures. The Company used its share of the proceeds to fund repurchases under the 2017 Stock Buyback Program (See "Other Transactions and Events").
On September 18, 2017, the Company's joint venture in Fashion District Philadelphia sold an office building for $61.5 million, resulting in a gain on sale of assets of $13.1 million. The Company's pro rata share of the gain on sale of assets of $6.5 million was included in equity in income of unconsolidated joint ventures. The Company used its share of the proceeds to fund repurchases under the 2017 Stock Buyback Program (See "Other Transactions and Events").
On November 16, 2017, the Company sold 500 North Michigan Avenue, a 326,000 square foot office building in Chicago, Illinois for $86.4 million, resulting in a gain on sale of assets of $14.6 million. The Company used the proceeds from the sale to pay down its line of credit and for other general corporate purposes.
On December 14, 2017, the Company’s joint venture in Westcor/Queens Creek LLC sold land for $30.5 million, resulting in a gain on sale of assets of $14.9 million. The Company’s share of the gain on sale was $5.4 million. The Company used its portion of the proceeds to pay down its line of credit and for general corporate purposes.
Financing Activity:
On February 1, 2017, the Company's joint venture in West Acres replaced the existing loan on the property with a new $80.0 million loan that bears interest at an effective rate of 4.61% and matures on March 1, 2032. The Company used its share of the excess proceeds to pay down its line of credit and for general corporate purposes.
On March 16, 2017, the Company's joint venture in Kierland Commons replaced the existing loan on the property with a new $225.0 million loan that bears interest at an effective rate of 3.98% and matures on April 1, 2027. The Company used its share of the excess proceeds to pay down its line of credit and for general corporate purposes.
On September 29, 2017, the Company placed a new $110.0 million loan on Green Acres Commons that bears interest at LIBOR plus 2.15% and matures on March 29, 2021, including extension options. The loan can be expanded, depending on certain conditions, up to $130.0 million. The Company used the proceeds to pay down its line of credit and for general corporate purposes.
On October 19, 2017, the Company's joint venture in Chandler Fashion Center and Freehold Raceway Mall replaced the existing loan on Freehold Raceway Mall with a new $400.0 million loan that bears interest at an effective rate of 3.94% and matures on November 1, 2029. The Company used its share of the net proceeds to pay down its line of credit and for general corporate purposes.

4

On December 4, 2017, the Company replaced the existing loan on Santa Monica Place with a new $300.0 million loan that bears interest at LIBOR plus 1.35% and matures on December 9, 2022, including three one-year extension options. The loan is covered by an interest rate cap agreement that effectively prevents LIBOR from exceeding 4.00%. The Company used the net proceeds to pay down its line of credit and for general corporate purposes.
On January 22, 2018, the Company's joint venture in Fashion District Philadelphia obtained a $250.0 million term loan that bears interest at LIBOR plus 2.0% and matures on January 22, 2023. Concurrent with the loan closing, the joint venture borrowed $150.0 million on the term loan and expects to borrow the remaining $100.0 million in the first quarter of 2018. The Company used its share of the proceeds to pay down its line of credit and for general corporate purposes.
On February 5, 2018, the Company's joint venture in Broadway Plaza received a loan commitment for $450.0 million on the property at a fixed rate of 4.18% for twelve years. The loan is expected to close in the first quarter of 2018. The Company plans to use its share of the loan proceeds to pay down its line of credit.
Redevelopment and Development Activity:
The Company's joint venture is proceeding with the development of Fashion District Philadelphia, a redevelopment of an 850,000 square foot shopping center in Philadelphia, Pennsylvania. The project is expected to be completed in the fourth quarter of 2018. The total cost of the project is estimated to be between $305.0 million and $365.0 million, with $152.5 million to $182.5 million estimated to be the Company's pro rata share. The Company has funded $127.2 million of the total $254.4 million incurred by the joint venture as of December 31, 2017.
The Company is currently in the process of redeveloping a 250,000 square foot former Sears store at Kings Plaza Shopping Center.  The Company expects to complete the project in the second quarter of 2018.  As of December 31, 2017, the Company has incurred $63.6 million in costs and anticipates the total cost of the project to be between $95.0 million and $100.0 million.
Other Transactions and Events:
On February 12, 2017, the Company's Board of Directors authorized the repurchase of up to $500.0 million of its outstanding common shares as market conditions and the Company’s liquidity warrant. Repurchases may be made through open market purchases, privately negotiated transactions, structured or derivative transactions, including accelerated share repurchase transactions, or other methods of acquiring shares and pursuant to Rule 10b5-1 of the Securities Act of 1934, from time to time as permitted by securities laws and other legal requirements. During the period from February 12, 2017 to December 31, 2017, the Company repurchased a total of 3,627,390 of its common shares for $221.4 million, representing an average price of $61.01 per share. The Company funded the repurchases from the net proceeds of the sale of Cascade Mall and Northgate Mall (See "Acquisitions and Dispositions"), its share of the proceeds from the sale of office buildings at Fashion District Philadelphia and Country Club Plaza (See "Acquisitions and Dispositions") and from borrowings under its line of credit.
The Shopping Center Industry
General:
There are several types of retail shopping centers, which are differentiated primarily based on size and marketing strategy. Regional shopping centers generally contain in excess of 400,000 square feet of GLA and are typically anchored by two or more department or large retail stores ("Anchors") and are referred to as "Regional Shopping Centers" or "Malls." Regional Shopping Centers also typically contain numerous diversified retail stores ("Mall Stores"), most of which are national or regional retailers typically located along corridors connecting the Anchors. "Strip centers", "urban villages" or "specialty centers" ("Community/Power Shopping Centers") are retail shopping centers that are designed to attract local or neighborhood customers and are typically anchored by one or more supermarkets, discount department stores and/or drug stores. Community/Power Shopping Centers typically contain 100,000 to 400,000 square feet of GLA. Outlet Centers generally contain a wide variety of designer and manufacturer stores, often located in an open-air center, and typically range in size from 200,000 to 850,000 square feet of GLA ("Outlet Centers"). In addition, freestanding retail stores are located along the perimeter of the shopping centers ("Freestanding Stores"). Mall Stores and Freestanding Stores over 10,000 square feet of GLA are also referred to as "Big Box." Anchors, Mall Stores, Freestanding Stores and other tenants typically contribute funds for the maintenance of the common areas, property taxes, insurance, advertising and other expenditures related to the operation of the shopping center.
Regional Shopping Centers:
A Regional Shopping Center draws from its trade area by offering a variety of fashion merchandise, hard goods and services and entertainment, often in an enclosed, climate controlled environment with convenient parking. Regional Shopping Centers provide an array of retail shops and entertainment facilities and often serve as the town center and a gathering place for community, charity and promotional events.

5

Regional Shopping Centers have generally provided owners with relatively stable income despite the cyclical nature of the retail business. This stability is due both to the diversity of tenants and to the typical dominance of Regional Shopping Centers in their trade areas.
Regional Shopping Centers have different strategies with regard to price, merchandise offered and tenant mix, and are generally tailored to meet the needs of their trade areas. Anchors are located along common areas in a configuration designed to maximize consumer traffic for the benefit of the Mall Stores. Mall GLA, which generally refers to GLA contiguous to the Anchors for tenants other than Anchors, is leased to a wide variety of smaller retailers. Mall Stores typically account for the majority of the revenues of a Regional Shopping Center.
Business of the Company
Strategy:
The Company has a long-term four-pronged business strategy that focuses on the acquisition, leasing and management, redevelopment and development of Regional Shopping Centers.
Acquisitions.    The Company principally focuses on well-located, quality Regional Shopping Centers that can be dominant in their trade area and have strong revenue enhancement potential. In addition, the Company pursues other opportunistic acquisitions of property that include retail and will complement the Company's portfolio such as Outlet Centers. The Company subsequently seeks to improve operating performance and returns from these properties through leasing, management and redevelopment. Since its initial public offering, the Company has acquired interests in shopping centers nationwide. The Company believes that it is geographically well positioned to cultivate and maintain ongoing relationships with potential sellers and financial institutions and to act quickly when acquisition opportunities arise (See "Acquisitions and Dispositions" in Recent Developments).
Leasing and Management.    The Company believes that the shopping center business requires specialized skills across a broad array of disciplines for effective and profitable operations. For this reason, the Company has developed a fully integrated real estate organization with in-house acquisition, accounting, development, finance, information technology, leasing, legal, marketing, property management and redevelopment expertise. In addition, the Company emphasizes a philosophy of decentralized property management, leasing and marketing performed by on-site professionals. The Company believes that this strategy results in the optimal operation, tenant mix and drawing power of each Center, as well as the ability to quickly respond to changing competitive conditions of the Center's trade area.
The Company believes that on-site property managers can most effectively operate the Centers. Each Center's property manager is responsible for overseeing the operations, marketing, maintenance and security functions at the Center. Property managers focus special attention on controlling operating costs, a key element in the profitability of the Centers, and seek to develop strong relationships with and be responsive to the needs of retailers.
The Company generally utilizes regionally located leasing managers to better understand the market and the community in which a Center is located. The Company continually assesses and fine tunes each Center's tenant mix, identifies and replaces underperforming tenants and seeks to optimize existing tenant sizes and configurations.
On a selective basis, the Company provides property management and leasing services for third parties. The Company currently manages two regional shopping centers and three community centers for third party owners on a fee basis.
Redevelopment.    One of the major components of the Company's growth strategy is its ability to redevelop acquired properties. For this reason, the Company has built a staff of redevelopment professionals who have primary responsibility for identifying redevelopment opportunities that they believe will result in enhanced long-term financial returns and market position for the Centers. The redevelopment professionals oversee the design and construction of the projects in addition to obtaining required governmental approvals (See "Redevelopment and Development Activity" in Recent Developments).
Development.    The Company pursues ground-up development projects on a selective basis. The Company has supplemented its strong acquisition, operations and redevelopment skills with its ground-up development expertise to further increase growth opportunities (See "Redevelopment and Development Activity" in Recent Developments).

6

The Centers:
As of December 31, 2017, the Centers primarily included 48 Regional Shopping Centers and seven Community/Power Shopping Centers totaling approximately 53 million square feet of GLA. These 55 Centers average approximately 929,000 square feet of GLA and range in size from 3.5 million square feet of GLA at Tysons Corner Center to 185,000 square feet of GLA at Boulevard Shops. As of December 31, 2017, the Centers primarily included 195 Anchors totaling approximately 26.4 million square feet of GLA and approximately 5,200 Mall Stores and Freestanding Stores totaling approximately 25.1 million square feet of GLA.
Competition:
Numerous owners, developers and managers of malls, shopping centers and other retail-oriented real estate compete with the Company for the acquisition of properties and in attracting tenants or Anchors to occupy space. There are seven other publicly traded mall companies and several large private mall companies in the United States, any of which under certain circumstances could compete against the Company for an Anchor or a tenant. In addition, these companies, as well as other REITs, private real estate companies or investors compete with the Company in terms of property acquisitions. This results in competition both for the acquisition of properties or centers and for tenants or Anchors to occupy space. Competition for property acquisitions may result in increased purchase prices and may adversely affect the Company's ability to make suitable property acquisitions on favorable terms. The existence of competing shopping centers could have a material adverse impact on the Company's ability to lease space and on the level of rents that can be achieved. There is also increasing competition from other retail formats and technologies, such as lifestyle centers, power centers, outlet centers, Internet shopping, home shopping networks, catalogs, telemarketing and discount shopping clubs that could adversely affect the Company's revenues.
In making leasing decisions, the Company believes that retailers consider the following material factors relating to a center: quality, design and location, including consumer demographics; rental rates; type and quality of Anchors and retailers at the center; and management and operational experience and strategy of the center. The Company believes it is able to compete effectively for retail tenants in its local markets based on these criteria in light of the overall size, quality and diversity of its Centers.
Major Tenants:
The Centers derived approximately 74% of their total rents for the year ended December 31, 2017 from Mall Stores and Freestanding Stores under 10,000 square feet, and Big Box and Anchor tenants accounted for 26% of total rents for the year ended December 31, 2017. Total rents as set forth in "Item 1. Business" include minimum rents and percentage rents.
The following retailers (including their subsidiaries) represent the 10 largest tenants in the Centers based upon total rents in place as of December 31, 2017:
Tenant
 
Primary DBAs
 
Number of
Locations
in the
Portfolio
 
% of Total
Rents
L Brands, Inc.
 
Victoria's Secret, Bath and Body Works, PINK
 
95

 
2.8
%
Forever 21, Inc.
 
Forever 21, XXI Forever
 
33

 
2.3
%
Foot Locker, Inc.
 
Champs Sports, Foot Locker, Kids Foot Locker, Lady Foot Locker, Foot Action, House of Hoops SIX:02 and others
 
94

 
2.1
%
H & M Hennes & Mauritz AB
 
H & M
 
23

 
1.9
%
Gap, Inc., The
 
Athleta, Banana Republic, Gap, Gap Kids, Old Navy and others
 
54

 
1.7
%
Signet Jewelers
 
Jared Jewelry, Kay Jewelers, Piercing Pagoda, Shaw's Jewelers, Weisfield Jewelers, Zales
 
104

 
1.6
%
Dick's Sporting Goods, Inc.
 
Dick's Sporting Goods
 
15

 
1.5
%
American Eagle Outfitters, Inc.
 
American Eagle Outfitters, aerie
 
37

 
1.2
%
Sears Holdings Corporation
 
Sears
 
21

 
1.0
%
Golden Gate Capital
 
Payless ShoeSource, Eddie Bauer, California Pizza Kitchen, PacSun
 
71

 
1.0
%

7

Mall Stores and Freestanding Stores:
Mall Store and Freestanding Store leases generally provide for tenants to pay rent comprised of a base (or "minimum") rent and a percentage rent based on sales. In some cases, tenants pay only minimum rent, and in other cases, tenants pay only percentage rent. The Company generally enters into leases for Mall Stores and Freestanding Stores that also require tenants to pay a stated amount for operating expenses, generally excluding property taxes, regardless of the expenses the Company actually incurs at any Center. However, certain leases for Mall Stores and Freestanding Stores contain provisions that only require tenants to pay their pro rata share of maintenance of the common areas, property taxes, insurance, advertising and other expenditures related to the operations of the Center.
Tenant space of 10,000 square feet and under in the Company's portfolio at December 31, 2017 comprises approximately 65% of all Mall Store and Freestanding Store space. The Company uses tenant spaces of 10,000 square feet and under for comparing rental rate activity because this space is more consistent in terms of shape and configuration and, as such, the Company is able to provide a meaningful comparison of rental rate activity for this space. Mall Store and Freestanding Store space greater than 10,000 square feet is inconsistent in size and configuration throughout the Company's portfolio and as a result does not lend itself to a meaningful comparison of rental rate activity with the Company's other space. Much of the non-Anchor space over 10,000 square feet is not physically connected to the mall, does not share the same common area amenities and does not benefit from the foot traffic in the mall. As a result, space greater than 10,000 square feet has a unique rent structure that is inconsistent with mall space under 10,000 square feet.
The following tables set forth the average base rent per square foot for the Centers, as of December 31 for each of the past five years:
Mall Stores and Freestanding Stores under 10,000 square feet:
For the Years Ended December 31,
Avg. Base
Rent Per
Sq. Ft.(1)(2)
 
Avg. Base Rent
Per Sq. Ft. on
Leases Executed
During the Year(2)(3)
 
Avg. Base Rent
Per Sq. Ft.
on Leases Expiring
During the Year(2)(4)
Consolidated Centers:
 
 
 
 
 
2017
$
55.08

 
$
57.36

 
$
49.61

2016
$
53.51

 
$
53.48

 
$
44.77

2015
$
52.64

 
$
53.99

 
$
49.02

2014
$
49.68

 
$
49.55

 
$
41.20

2013
$
44.51

 
$
45.06

 
$
40.00

Unconsolidated Joint Venture Centers (at the Company's pro rata share):
 
 
 
 
 
2017
$
60.99

 
$
63.50

 
$
55.50

2016
$
57.90

 
$
64.78

 
$
57.29

2015
$
60.74

 
$
80.18

 
$
60.85

2014
$
63.78

 
$
82.47

 
$
64.59

2013
$
62.47

 
$
63.44

 
$
48.43


8

Big Box and Anchors:
For the Years Ended December 31,
Avg. Base
Rent Per
Sq. Ft.(1)(2)
 
Avg. Base Rent
Per Sq. Ft. on
Leases Executed
During the Year(2)(3)
 
Number of
Leases
Executed
During
the Year
 
Avg. Base Rent
Per Sq. Ft.
on Leases Expiring
During the Year(2)(4)
 
Number of
Leases
Expiring
During
the Year
Consolidated Centers:
 
 
 
 
 
 
 
 
 
2017
$
14.13

 
$
18.19

 
24

 
$
14.85

 
21

2016
$
13.34

 
$
22.23

 
20

 
$
19.12

 
8

2015
$
12.72

 
$
19.87

 
19

 
$
8.96

 
14

2014
$
11.26

 
$
18.28

 
22

 
$
15.16

 
14

2013
$
10.94

 
$
14.61

 
29

 
$
14.08

 
21

Unconsolidated Joint Venture Centers (at the Company's pro rata share):
 
 
 
 
 
 
 
 
 
2017
$
16.87

 
$
26.33

 
15

 
$
33.25

 
8

2016
$
15.76

 
$
29.41

 
13

 
$
28.00

 
1

2015
$
14.48

 
$
33.00

 
14

 
$
9.30

 
8

2014
$
18.51

 
$
33.62

 
11

 
$
27.27

 
6

2013
$
13.36

 
$
37.45

 
22

 
$
24.58

 
10

_____________________

(1)
Average base rent per square foot is based on spaces occupied as of December 31 for each of the Centers and gives effect to the terms of each lease in effect, as of such date, including any concessions, abatements and other adjustments or allowances that have been granted to the tenants.
(2)
Centers under development and redevelopment are excluded from average base rents. As a result, the leases for Fashion District Philadelphia, Paradise Valley Mall and Westside Pavilion are excluded for the years ended December 31, 2017, 2016, 2015 and 2014. The leases for Broadway Plaza are excluded for the years ended December 31, 2016, 2015, and 2014. The leases for Fashion Outlets of Niagara Falls USA and SouthPark Mall are excluded for the years ended December 31, 2015 and 2014. The leases for Paradise Valley Mall are excluded for the year ended December 31, 2013.
The leases for Cascade Mall and Northgate Mall, which were sold on January 18, 2017, are excluded for the year ended December 31, 2016. Flagstaff Mall was conveyed to the mortgage lender by a deed-in-lieu of foreclosure on July 15, 2016 and is excluded for the year ended December 31, 2015. On June 30, 2015, Great Northern Mall was conveyed to the mortgage lender by a deed-in-lieu of foreclosure and is excluded for the year ended December 31, 2014. The leases for Rotterdam Square, which was sold on January 15, 2014, are excluded for the year ended December 31, 2013.
(3)
The average base rent per square foot on leases executed during the year represents the actual rent paid on a per square foot basis during the first twelve months of the lease.
(4)
The average base rent per square foot on leases expiring during the year represents the actual rent to be paid on a per square foot basis during the final twelve months of the lease.

9

Cost of Occupancy:
A major factor contributing to tenant profitability is cost of occupancy, which consists of tenant occupancy costs charged by the Company. Tenant expenses included in this calculation are minimum rents, percentage rents and recoverable expenditures, which consist primarily of property operating expenses, real estate taxes and repair and maintenance expenditures. These tenant charges are collectively referred to as tenant occupancy costs. These tenant occupancy costs are compared to tenant sales. A low cost of occupancy percentage shows more potential capacity for the Company to increase rents at the time of lease renewal than a high cost of occupancy percentage. The following table summarizes occupancy costs for Mall Store and Freestanding Store tenants in the Centers as a percentage of total Mall Store sales for the last five years:
 
For the Years Ended December 31,
 
2017
 
2016 (1)
 
2015 (2)
 
2014 (3)
 
2013 (4)
Consolidated Centers:
 
 
 
 
 
 
 
 
 
Minimum rents
9.5
%
 
9.4
%
 
9.0
%
 
8.7
%
 
8.4
%
Percentage rents
0.3
%
 
0.4
%
 
0.4
%
 
0.4
%
 
0.4
%
Expense recoveries(5)
4.2
%
 
4.3
%
 
4.5
%
 
4.3
%
 
4.5
%
 
14.0
%
 
14.1
%
 
13.9
%
 
13.4
%
 
13.3
%
Unconsolidated Joint Venture Centers:
 
 
 
 
 
 
 
 
 
Minimum rents
8.6
%
 
8.6
%
 
8.1
%
 
8.7
%
 
8.8
%
Percentage rents
0.3
%
 
0.3
%
 
0.4
%
 
0.4
%
 
0.4
%
Expense recoveries(5)
3.8
%
 
3.9
%
 
4.0
%
 
4.5
%
 
4.0
%
 
12.7
%
 
12.8
%
 
12.5
%
 
13.6
%
 
13.2
%
_____________________________

(1)
Cascade Mall and Northgate Mall were sold on January 18, 2017 and are excluded for the year ended December 31, 2016.
(2)
Flagstaff Mall was conveyed to the mortgage lender by a deed-in-lieu of foreclosure on July 15, 2016 and is excluded for the year ended December 31, 2015.
(3)
Great Northern Mall was conveyed to the mortgage lender by a deed-in-lieu of foreclosure on June 30, 2015 and is excluded for the year ended December 31, 2014.
(4)
Rotterdam Square was sold on January 15, 2014 and is excluded for the year ended December 31, 2013.
(5)
Represents real estate tax and common area maintenance charges.

10


Lease Expirations:
The following tables show scheduled lease expirations for Centers owned as of December 31, 2017 for the next ten years, assuming that none of the tenants exercise renewal options:
Mall Stores and Freestanding Stores under 10,000 square feet:
Year Ending December 31,
 
Number of
Leases
Expiring
 
Approximate
GLA of Leases
Expiring(1)
 
% of Total Leased
GLA Represented
by Expiring
Leases(1)
 
Ending Base Rent
per Square Foot of
Expiring Leases(1)
 
% of Base Rent
Represented
by Expiring
Leases(1)
Consolidated Centers:
 
 
 
 
 
 
 
 
 
 
2018
 
345

 
712,258

 
13.94
%
 
$
52.29

 
12.32
%
2019
 
333

 
768,299

 
15.04
%
 
$
48.73

 
12.38
%
2020
 
302

 
621,413

 
12.16
%
 
$
53.90

 
11.08
%
2021
 
236

 
519,116

 
10.16
%
 
$
57.62

 
9.89
%
2022
 
197

 
366,228

 
7.17
%
 
$
62.52

 
7.57
%
2023
 
169

 
353,073

 
6.91
%
 
$
59.81

 
6.99
%
2024
 
165

 
430,007

 
8.42
%
 
$
64.43

 
9.16
%
2025
 
161

 
415,255

 
8.13
%
 
$
67.60

 
9.28
%
2026
 
140

 
436,015

 
8.53
%
 
$
67.06

 
9.67
%
2027
 
105

 
251,538

 
4.92
%
 
$
79.34

 
6.60
%
Unconsolidated Joint Venture Centers (at the Company's pro rata share):
 
 
 
 
 
 
 
 
 
 
2018
 
224

 
269,343

 
11.20
%
 
$
60.09

 
10.10
%
2019
 
208

 
230,305

 
9.57
%
 
$
66.18

 
9.51
%
2020
 
199

 
258,621

 
10.75
%
 
$
58.50

 
9.44
%
2021
 
209

 
261,733

 
10.88
%
 
$
65.50

 
10.69
%
2022
 
157

 
221,959

 
9.23
%
 
$
62.22

 
8.62
%
2023
 
142

 
231,859

 
9.64
%
 
$
57.00

 
8.24
%
2024
 
108

 
180,137

 
7.49
%
 
$
62.62

 
7.04
%
2025
 
121

 
203,784

 
8.47
%
 
$
66.24

 
8.42
%
2026
 
153

 
224,682

 
9.34
%
 
$
86.27

 
12.09
%
2027
 
111

 
164,641

 
6.84
%
 
$
86.26

 
8.86
%


11

Big Boxes and Anchors:
Year Ending December 31,
 
Number of
Leases
Expiring
 
Approximate
GLA of Leases
Expiring(1)
 
% of Total Leased
GLA Represented
by Expiring
Leases(1)
 
Ending Base Rent
per Square Foot of
Expiring Leases(1)
 
% of Base Rent
Represented
by Expiring
Leases(1)
Consolidated Centers:
 
 
 
 
 
 
 
 
 
 
2018
 
13

 
251,179

 
2.41
%
 
$
16.83

 
2.54
%
2019
 
21

 
678,113

 
6.50
%
 
$
10.19

 
4.15
%
2020
 
21

 
894,784

 
8.57
%
 
$
10.30

 
5.53
%
2021
 
30

 
1,484,891

 
14.22
%
 
$
8.74

 
7.79
%
2022
 
29

 
1,103,013

 
10.57
%
 
$
20.39

 
13.49
%
2023
 
27

 
888,518

 
8.51
%
 
$
12.48

 
6.65
%
2024
 
23

 
809,431

 
7.75
%
 
$
20.59

 
10.00
%
2025
 
22

 
769,713

 
7.37
%
 
$
23.43

 
10.82
%
2026
 
16

 
735,337

 
7.04
%
 
$
15.07

 
6.65
%
2027
 
19

 
578,200

 
5.54
%
 
$
30.23

 
10.48
%
Unconsolidated Joint Venture Centers (at the Company's pro rata share):
 
 
 
 
 
 
 
 
 
 
2018
 
7

 
55,761

 
1.09
%
 
$
38.20

 
2.47
%
2019
 
9

 
129,574

 
2.54
%
 
$
31.29

 
4.70
%
2020
 
26

 
812,934

 
15.94
%
 
$
14.12

 
13.32
%
2021
 
18

 
228,750

 
4.49
%
 
$
21.54

 
5.72
%
2022
 
18

 
606,825

 
11.90
%
 
$
8.03

 
5.66
%
2023
 
20

 
298,452

 
5.85
%
 
$
21.16

 
7.33
%
2024
 
20

 
291,001

 
5.71
%
 
$
33.68

 
11.37
%
2025
 
21

 
1,049,746

 
20.59
%
 
$
12.65

 
15.41
%
2026
 
19

 
364,157

 
7.14
%
 
$
25.13

 
10.62
%
2027
 
11

 
157,891

 
3.10
%
 
$
30.84

 
5.65
%
_______________________________________________________________________________

(1)
The ending base rent per square foot on leases expiring during the period represents the final year minimum rent, on a cash basis, for tenant leases expiring during the year. Currently, 48% of leases have provisions for future consumer price index increases that are not reflected in ending base rent. The leases for Centers currently under development and redevelopment are excluded from this table.
Anchors:
Anchors have traditionally been a major factor in the public's identification with Regional Shopping Centers. Anchors are generally department stores whose merchandise appeals to a broad range of shoppers. Although the Centers receive a smaller percentage of their operating income from Anchors than from Mall Stores and Freestanding Stores, strong Anchors play an important part in maintaining customer traffic and making the Centers desirable locations for Mall Store and Freestanding Store tenants.
Anchors either own their stores, the land under them and in some cases adjacent parking areas, or enter into long-term leases with an owner at rates that are lower than the rents charged to tenants of Mall Stores and Freestanding Stores. Each Anchor that owns its own store and certain Anchors that lease their stores enter into reciprocal easement agreements with the owner of the Center covering, among other things, operational matters, initial construction and future expansion.
Anchors accounted for approximately 7.9% of the Company's total rents for the year ended December 31, 2017.



12

The following table identifies each Anchor, each parent company that owns multiple Anchors and the number of square feet owned or leased by each such Anchor or parent company in the Company's portfolio at December 31, 2017.
Name
 
Number of
Anchor
Stores
 
GLA Owned
by Anchor
 
GLA Leased
by Anchor
 
Total GLA
Occupied by
Anchor
Macy's Inc.
 
 
 
 
 
 
 
 
Macy's(1)
 
37

 
4,918,000

 
1,931,000

 
6,849,000

Bloomingdale's
 
2

 
—

 
355,000

 
355,000

 
 
39

 
4,918,000

 
2,286,000

 
7,204,000

JCPenney(2)
 
28

 
1,744,000

 
2,299,000

 
4,043,000

Sears
 
21

 
811,000

 
2,237,000

 
3,048,000

Dillard's
 
14

 
2,205,000

 
257,000

 
2,462,000

Nordstrom(3)
 
12

 
739,000

 
1,339,000

 
2,078,000

Dick's Sporting Goods
 
15

 
—

 
952,000

 
952,000

Forever 21
 
8

 
155,000

 
629,000

 
784,000

Target
 
4

 
304,000

 
273,000

 
577,000

The Bon-Ton Stores, Inc.
 
 

 
 

 
 
 
 
Younkers
 
3

 
—

 
317,000

 
317,000

Bon-Ton, The
 
1

 
—

 
71,000

 
71,000

Herberger's
 
1

 
188,000

 
—

 
188,000

 
 
5

 
188,000

 
388,000

 
576,000

Hudson Bay Company
 
 
 
 
 
 
 
 
Lord & Taylor
 
3

 
121,000

 
199,000

 
320,000

Saks Fifth Avenue
 
1

 
—

 
92,000

 
92,000

 
 
4

 
121,000

 
291,000

 
412,000

Home Depot
 
3

 
—

 
395,000

 
395,000

Burlington(2)
 
4

 
187,000

 
182,000

 
369,000

Costco
 
2

 
—

 
321,000

 
321,000

Kohl's
 
3

 
89,000

 
200,000

 
289,000

Primark(2)
 
3

 
—

 
240,000

 
240,000

Neiman Marcus
 
2

 
—

 
188,000

 
188,000

Von Maur
 
2

 
187,000

 
—

 
187,000

Walmart
 
1

 
—

 
173,000

 
173,000

Century 21
 
2

 
—

 
171,000

 
171,000

La Curacao
 
1

 
—

 
165,000

 
165,000

Boscov's
 
1

 
—

 
161,000

 
161,000

Belk
 
2

 
—

 
139,000

 
139,000

BJ's Wholesale Club
 
1

 
—

 
123,000

 
123,000

Lowe's
 
1

 
—

 
114,000

 
114,000

Mercado de los Cielos
 
1

 
—

 
78,000

 
78,000

L.L. Bean
 
1

 
—

 
75,000

 
75,000

Best Buy
 
1

 
66,000

 
—

 
66,000

Des Moines Area Community College
 
1

 
64,000

 
—

 
64,000

Bealls
 
1

 
—

 
40,000

 
40,000

Vacant Anchors(4)
 
8

 
—

 
636,000

 
636,000

 
 
191

 
11,778,000

 
14,352,000

 
26,130,000

Anchors at Centers not owned by the Company(5):
 


 


 


 


Forever 21
 
1

 
—

 
79,000

 
79,000

Kohl's
 
1

 
—

 
83,000

 
83,000

Vacant Anchors(4)
 
2

 
—

 
116,000

 
116,000

Total
 
195

 
11,778,000

 
14,630,000

 
26,408,000





13

_______________________________

(1)
The Anchor has announced its intention of closing their location at Westside Pavilion in March 2018.
(2)
The Company anticipates that Burlington, JCPenney and Primark will open stores at Kings Plaza Shopping Center in Spring 2018.
(3)
Nordstrom has announced plans to open a store at Country Club Plaza in 2021.
(4)
The Company is seeking replacement tenants and/or contemplating redevelopment opportunities for these vacant sites. The Company continues to collect rent under the terms of an agreement regarding one of these vacant Anchor locations.
(5)
The Company owns an office building and seven stores located at shopping centers not owned by the Company. Of these seven stores, one has been leased to Forever 21, one has been leased to Kohl's, two are vacant and three have been leased for non-Anchor usage.
Environmental Matters
Each of the Centers has been subjected to an Environmental Site Assessment—Phase I (which involves review of publicly available information and general property inspections, but does not involve soil sampling or ground water analysis) completed by an environmental consultant.
Based on these assessments, and on other information, the Company is aware of the following environmental issues, which may result in potential environmental liability and cause the Company to incur costs in responding to these liabilities or in other costs associated with future investigation or remediation:
•
Asbestos.  The Company has conducted asbestos-containing materials ("ACM") surveys at various locations within the Centers. The surveys indicate that ACMs are present or suspected in certain areas, primarily vinyl floor tiles, mastics, roofing materials, drywall tape and joint compounds. The identified ACMs are generally non-friable, in good condition, and possess low probabilities for disturbance. At certain Centers where ACMs are present or suspected, however, some ACMs have been or may be classified as "friable," and ultimately may require removal under certain conditions. The Company has developed and implemented an operations and maintenance ("O&M") plan to manage ACMs in place.
•
Underground Storage Tanks.  Underground storage tanks ("USTs") are or were present at certain Centers, often in connection with tenant operations at gasoline stations or automotive tire, battery and accessory service centers located at such Centers. USTs also may be or have been present at properties neighboring certain Centers. Some of these tanks have either leaked or are suspected to have leaked. Where leakage has occurred, investigation, remediation, and monitoring costs may be incurred by the Company if responsible current or former tenants, or other responsible parties, are unavailable to pay such costs.
•
Chlorinated Hydrocarbons.  The presence of chlorinated hydrocarbons such as perchloroethylene ("PCE") and its degradation byproducts have been detected at certain Centers, often in connection with tenant dry cleaning operations. Where PCE has been detected, the Company may incur investigation, remediation and monitoring costs if responsible current or former tenants, or other responsible parties, are unavailable to pay such costs.
See "Item 1A. Risk Factors—Possible environmental liabilities could adversely affect us."
Insurance
Each of the Centers has comprehensive liability, fire, extended coverage and rental loss insurance with insured limits customarily carried for similar properties. The Company does not insure certain types of losses (such as losses from wars), because they are either uninsurable or not economically insurable. In addition, while the Company or the relevant joint venture, as applicable, carry specific earthquake insurance on the Centers located in California, the policies are subject to a deductible equal to 5% of the total insured value of each Center, a $100,000 per occurrence minimum and a combined annual aggregate loss limit of $150 million on these Centers. The Company or the relevant joint venture, as applicable, carry specific earthquake insurance on the Centers located in the Pacific Northwest and in the New Madrid Seismic Zone. However, the policies are subject to a deductible equal to 2% of the total insured value of each Center, a $50,000 per occurrence minimum and a combined annual aggregate loss limit of $200 million on these Centers. While the Company or the relevant joint venture also carries standalone terrorism insurance on the Centers, the policies are subject to a $50,000 deductible and a combined annual aggregate loss limit of $1.2 billion. Each Center has environmental insurance covering eligible third‑party losses, remediation and non-owned disposal sites, subject to a $100,000 retention and a $50 million three-year aggregate loss limit, with the exception of one Center, which has a $5 million ten-year aggregate loss limit and another Center, which has a $20 million ten-

14

year aggregate loss limit. Some environmental losses are not covered by this insurance because they are uninsurable or not economically insurable. Furthermore, the Company carries title insurance on substantially all of the Centers for generally less than their full value.
Qualification as a Real Estate Investment Trust
The Company elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the "Code"), commencing with its first taxable year ended December 31, 1994, and intends to conduct its operations so as to continue to qualify as a REIT under the Code. As a REIT, the Company generally will not be subject to federal and state income taxes on its net taxable income that it currently distributes to stockholders. Qualification and taxation as a REIT depends on the Company's ability to meet certain dividend distribution tests, share ownership requirements and various qualification tests prescribed in the Code.
Supplemental Material Federal Income Tax Considerations
On December 22, 2017, President Trump signed into law H.R. 1, known as the “Tax Cuts and Jobs Act” (the “TCJA”). The provisions of the TCJA generally apply to taxable years beginning after December 31, 2017. Significant provisions of the TCJA that investors should be aware of include provisions that: (i) lower the corporate income tax rate to 21% and lower Foreign Investment in Real Property Tax Act withholding on certain capital gain dividends to 21%, (ii) provide noncorporate taxpayers with a deduction of up to 20% of certain income earned through partnerships and REITs for taxable years beginning before January 1, 2026, (iii) limits the net operating loss deduction to 80% of taxable income, where taxable income is determined without regard to the net operating loss deduction itself, generally eliminates net operating loss carrybacks and allows unused net operating losses to be carried forward indefinitely, (iv) expand the ability of businesses to deduct the cost of certain property investments in the year in which the property is purchased, and (v) generally lower tax rates for individuals and other noncorporate taxpayers for taxable years beginning before January 1, 2026, while limiting deductions such as miscellaneous itemized deductions and state and local tax deductions.
In addition, the TCJA limits the deduction for net interest expense incurred by a business to 30% of the “adjusted taxable income” of the taxpayer. However, the limitation on the interest expense deduction does not apply to electing real property trades or businesses, such as any real property development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, management, leasing, or brokerage trade or business. Making the election to be treated as a real property trade or business requires the electing real property trade or business to depreciate non-residential real property, residential rental property, and qualified improvement property over a longer period using the alternative depreciation system. The Company generally will decide whether to make any available election to treat as a real property trade or business any direct or indirect investment made through an entity that it controls.
Stockholders are urged to consult with their own tax advisors with respect to the impact that the TCJA and other legislation may have on their investment and the status of legislative, regulatory or administrative developments and proposals and their potential effect on their investment in the Company's stock.
Employees
As of December 31, 2017, the Company had approximately 855 employees, of which approximately 850 were full-time. The Company believes that relations with its employees are good.
Seasonality
For a discussion of the extent to which the Company's business may be seasonal, see "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations—Management's Overview and Summary—Seasonality."
Available Information; Website Disclosure; Corporate Governance Documents
The Company's corporate website address is www.macerich.com. The Company makes available free-of-charge through this website its reports on Forms 10-K, 10-Q and 8-K and all amendments thereto, as soon as reasonably practicable after the reports have been filed with, or furnished to, the SEC. These reports are available under the heading "Investors—Financial Information—SEC Filings", through a free hyperlink to a third-party service. Information provided on our website is not incorporated by reference into this Form 10-K.

15

The following documents relating to Corporate Governance are available on the Company's website at www.macerich.com under "Investors—Corporate Governance":
Guidelines on Corporate Governance
Code of Business Conduct and Ethics
Code of Ethics for CEO and Senior Financial Officers
Audit Committee Charter
Compensation Committee Charter
Executive Committee Charter
Nominating and Corporate Governance Committee Charter
You may also request copies of any of these documents by writing to:
Attention: Corporate Secretary
The Macerich Company
401 Wilshire Blvd., Suite 700
Santa Monica, CA 90401


 ITEM 1A.    RISK FACTORS
The following factors could cause our actual results to differ materially from those contained in forward-looking statements made in this Annual Report on Form 10-K and presented elsewhere by our management from time to time. This list should not be considered to be a complete statement of all potential risks or uncertainties as it does not describe additional risks of which we are not presently aware or that we do not currently consider material. We may update our risk factors from time to time in our future periodic reports. Any of these factors may have a material adverse effect on our business, financial condition, operating results and cash flows. For purposes of this “Risk Factor” section, Centers wholly owned by us are referred to as “Wholly Owned Centers” and Centers that are partly but not wholly owned by us are referred to as “Joint Venture Centers.”
RISKS RELATED TO OUR BUSINESS AND PROPERTIES
We invest primarily in shopping centers, which are subject to a number of significant risks that are beyond our control.
Real property investments are subject to varying degrees of risk that may affect the ability of our Centers to generate sufficient revenues to meet operating and other expenses, including debt service, lease payments, capital expenditures and tenant improvements, and to make distributions to us and our stockholders. A number of factors may decrease the income generated by the Centers, including:
•
the national economic climate;
•
the regional and local economy (which may be negatively impacted by rising unemployment, declining real estate values, increased foreclosures, higher taxes, plant closings, industry slowdowns, union activity, adverse weather conditions, natural disasters and other factors);
•
local real estate conditions (such as an oversupply of, or a reduction in demand for, retail space or retail goods, decreases in rental rates, declining real estate values and the availability and creditworthiness of current and prospective tenants);
•
decreased levels of consumer spending, consumer confidence, and seasonal spending (especially during the holiday season when many retailers generate a disproportionate amount of their annual sales);
•
increasing use by customers of e-commerce and online store sites and the impact of internet sales on the demand for retail space;
•
negative perceptions by retailers or shoppers of the safety, convenience and attractiveness of a Center;
•
acts of violence, including terrorist activities; and
•
increased costs of maintenance, insurance and operations (including real estate taxes).
Income from shopping center properties and shopping center values are also affected by applicable laws and regulations, including tax, environmental, safety and zoning laws.

16

A significant percentage of our Centers are geographically concentrated and, as a result, are sensitive to local economic and real estate conditions.
A significant percentage of our Centers are located in California and Arizona. Nine Centers in the aggregate are located in New York, New Jersey and Connecticut. To the extent that weak economic or real estate conditions or other factors affect California, Arizona, New York, New Jersey or Connecticut (or their respective regions) more severely than other areas of the country, our financial performance could be negatively impacted.
We are in a competitive business.
Numerous owners, developers and managers of malls, shopping centers and other retail-oriented real estate compete with us for the acquisition of properties and in attracting tenants or Anchors to occupy space. There are seven other publicly traded mall companies and several large private mall companies in the United States, any of which under certain circumstances could compete against us for an Anchor or a tenant. In addition, these companies, as well as other REITs, private real estate companies or investors compete with us in terms of property acquisitions. This results in competition both for the acquisition of properties or centers and for tenants or Anchors to occupy space. Competition for property acquisitions may result in increased purchase prices and may adversely affect our ability to make suitable property acquisitions on favorable terms. The existence of competing shopping centers could have a material adverse impact on our ability to lease space and on the level of rents that can be achieved. There is also increasing competition from other retail formats and technologies, such as lifestyle centers, power centers, outlet centers, Internet shopping, home shopping networks, catalogs, telemarketing and discount shopping clubs that could adversely affect our revenues.
We may be unable to renew leases, lease vacant space or re-let space as leases expire on favorable terms or at all, which could adversely affect our financial condition and results of operations.
There are no assurances that our leases will be renewed or that vacant space in our Centers will be re-let at net effective rental rates equal to or above the current average net effective rental rates or that substantial rent abatements, tenant improvements, early termination rights or below‑market renewal options will not be offered to attract new tenants or retain existing tenants. If the rental rates at our Centers decrease, if our existing tenants do not renew their leases or if we do not re-let a significant portion of our available space and space for which leases will expire, our financial condition and results of operations could be adversely affected.
If Anchors or other significant tenants experience a downturn in their business, close or sell stores or declare bankruptcy, our financial condition and results of operations could be adversely affected.
Our financial condition and results of operations could be adversely affected if a downturn in the business of, or the bankruptcy or insolvency of, an Anchor or other significant tenant leads them to close retail stores or terminate their leases after seeking protection under the bankruptcy laws from their creditors, including us as lessor. In recent years a number of companies in the retail industry, including some of our tenants, have declared bankruptcy, have gone out of business or have significantly reduced the number of their retail stores. We may be unable to re-let stores vacated as a result of voluntary closures or the bankruptcy of a tenant. Furthermore, certain department stores and other national retailers have experienced, and may continue to experience, decreases in customer traffic in their retail stores, increased competition from alternative retail options such as those accessible via the Internet and other forms of pressure on their business models. If the store sales of retailers operating at our Centers decline significantly due to adverse economic conditions or for any other reason, tenants might be unable to pay their minimum rents or expense recovery charges. In the event of a default by a lessee, the affected Center may experience delays and costs in enforcing its rights as lessor.
In addition, Anchors and/or tenants at one or more Centers might terminate their leases as a result of mergers, acquisitions, consolidations or dispositions in the retail industry. The sale of an Anchor or store to a less desirable retailer may reduce occupancy levels, customer traffic and rental income. Depending on economic conditions, there is also a risk that Anchors or other significant tenants may sell stores operating in our Centers or consolidate duplicate or geographically overlapping store locations. Store closures by an Anchor and/or a significant number of tenants may allow other Anchors and/or certain other tenants to terminate their leases, receive reduced rent and/or cease operating their stores at the Center or otherwise adversely affect occupancy at the Center.
Our real estate acquisition, development and redevelopment strategies may not be successful.
Our historical growth in revenues, net income and funds from operations has been in part tied to the acquisition, development and redevelopment of shopping centers. Many factors, including the availability and cost of capital, our total

17

amount of debt outstanding, our ability to obtain financing on attractive terms, if at all, interest rates and the availability of attractive acquisition targets, among others, will affect our ability to acquire, develop and redevelop additional properties in the future. We may not be successful in pursuing acquisition opportunities, and newly acquired properties may not perform as well as expected. Expenses arising from our efforts to complete acquisitions, develop and redevelop properties or increase our market penetration may have a material adverse effect on our business, financial condition and results of operations. We face competition for acquisitions primarily from other REITs, as well as from private real estate companies or investors. Some of our competitors have greater financial and other resources. Increased competition for shopping center acquisitions may result in increased purchase prices and may impact adversely our ability to acquire additional properties on favorable terms. We cannot guarantee that we will be able to implement our growth strategy successfully or manage our expanded operations effectively and profitably.
We may not be able to achieve the anticipated financial and operating results from newly acquired assets. Some of the factors that could affect anticipated results are:
•
our ability to integrate and manage new properties, including increasing occupancy rates and rents at such properties;
•
the disposal of non-core assets within an expected time frame; and
•
our ability to raise long-term financing to implement a capital structure at a cost of capital consistent with our business strategy.
Our business strategy also includes the selective development and construction of retail properties. Any development, redevelopment and construction activities that we may undertake will be subject to the risks of real estate development, including lack of financing, construction delays, environmental requirements, budget overruns, sunk costs and lease-up. Furthermore, occupancy rates and rents at a newly completed property may not be sufficient to make the property profitable. Real estate development activities are also subject to risks relating to the inability to obtain, or delays in obtaining, all necessary zoning, land-use, building, and occupancy and other required governmental permits and authorizations. If any of the above events occur, our ability to pay dividends to our stockholders and service our indebtedness could be adversely affected.
Real estate investments are relatively illiquid and we may be unable to sell properties at the time we desire and on favorable terms.
Investments in real estate are relatively illiquid, which limits our ability to adjust our portfolio in response to changes in economic, market or other conditions. Moreover, there are some limitations under federal income tax laws applicable to REITs that limit our ability to sell assets. In addition, because our properties are generally mortgaged to secure our debts, we may not be able to obtain a release of a lien on a mortgaged property without the payment of the associated debt and/or a substantial prepayment penalty, which restricts our ability to dispose of a property, even though the sale might otherwise be desirable. Furthermore, the number of prospective buyers interested in purchasing shopping centers is limited. Therefore, if we want to sell one or more of our Centers, we may not be able to dispose of it in the desired time period and may receive less consideration than we originally invested in the Center.
Our real estate assets may be subject to impairment charges.
We periodically assess whether there are any indicators that the value of our real estate assets and other investments may be impaired. A property’s value is considered to be impaired only if the estimated aggregate future undiscounted property cash flows are less than the carrying value of the property. In our estimate of cash flows, we consider factors such as trends and prospects and the effects of demand and competition on expected future operating income. If we are evaluating the potential sale of an asset or redevelopment alternatives, the undiscounted future cash flows consider the most likely course of action as of the balance sheet date based on current plans, intended holding periods and available market information. We are required to make subjective assessments as to whether there are impairments in the value of our real estate assets and other investments. Impairment charges have an immediate direct impact on our earnings. There can be no assurance that we will not take additional charges in the future related to the impairment of our assets. Any future impairment could have a material adverse effect on our operating results in the period in which the charge is taken.

18

Our success depends, in part, on our ability to attract and retain talented employees, and the loss of any one of our key personnel could adversely impact our business.
The success of our business depends, in part, on the leadership and performance of our executive management team and key employees, and our ability to attract, retain and motivate talented employees could significantly impact our future performance. Competition for these individuals is intense, and we cannot assure you that we will retain our executive management team and key employees or that we will be able to attract and retain other highly qualified individuals for these positions in the future. Losing any one or more of these persons could have a material adverse effect on our results of operations, financial condition and cash flows.
Possible environmental liabilities could adversely affect us.
Under various federal, state and local environmental laws, ordinances and regulations, a current or previous owner or operator of real property may be liable for the costs of removal or remediation of hazardous or toxic substances on, under or in that real property. These laws often impose liability whether or not the owner or operator knew of, or was responsible for, the presence of hazardous or toxic substances. The costs of investigation, removal or remediation of hazardous or toxic substances may be substantial. In addition, the presence of hazardous or toxic substances, or the failure to remedy environmental hazards properly, may adversely affect the owner's or operator's ability to sell or rent affected real property or to borrow money using affected real property as collateral.
Persons or entities that arrange for the disposal or treatment of hazardous or toxic substances may also be liable for the costs of removal or remediation of hazardous or toxic substances at the disposal or treatment facility, whether or not that facility is owned or operated by the person or entity arranging for the disposal or treatment of hazardous or toxic substances. Laws exist that impose liability for release of asbestos containing materials (“ACMs”) into the air, and third parties may seek recovery from owners or operators of real property for personal injury associated with exposure to ACMs. In connection with our ownership, operation, management, development and redevelopment of the Centers, or any other centers or properties we acquire in the future, we may be potentially liable under these laws and may incur costs in responding to these liabilities.
Some of our properties are subject to potential natural or other disasters.
Some of our Centers are located in areas that are subject to natural disasters, including our Centers in California or in other areas with higher risk of earthquakes, our Centers in flood plains or in areas that may be adversely affected by tornadoes, as well as our Centers in coastal regions that may be adversely affected by increases in sea levels or in the frequency or severity of hurricanes, tropical storms or other severe weather conditions. The occurrence of natural disasters can delay redevelopment or development projects, increase investment costs to repair or replace damaged properties, increase future property insurance costs and negatively impact the tenant demand for lease space. If insurance is unavailable to us or is unavailable on acceptable terms, or our insurance is not adequate to cover losses from these events, our financial condition and results of operations could be adversely affected.
Uninsured losses could adversely affect our financial condition.
Each of our Centers has comprehensive liability, fire, extended coverage and rental loss insurance with insured limits customarily carried for similar properties. We do not insure certain types of losses (such as losses from wars), because they are either uninsurable or not economically insurable. In addition, while we or the relevant joint venture, as applicable, carry specific earthquake insurance on the Centers located in California, the policies are subject to a deductible equal to 5% of the total insured value of each Center, a $100,000 per occurrence minimum and a combined annual aggregate loss limit of $150 million on these Centers. We or the relevant joint venture, as applicable, carry specific earthquake insurance on the Centers located in the Pacific Northwest and in the New Madrid Seismic Zone. However, the policies are subject to a deductible equal to 2% of the total insured value of each Center, a $50,000 per occurrence minimum and a combined annual aggregate loss limit of $200 million on these Centers. While we or the relevant joint venture also carries standalone terrorism insurance on the Centers, the policies are subject to a $50,000 deductible and a combined annual aggregate loss limit of $1.2 billion. Each Center has environmental insurance covering eligible third‑party losses, remediation and non-owned disposal sites, subject to a $100,000 retention and a $50 million three-year aggregate loss limit, with the exception of one Center, which has a $5 million ten-year aggregate loss limit and another Center has a $20 million ten-year aggregate loss limit. Some environmental losses are not covered by this insurance because they are uninsurable or not economically insurable. Furthermore, we carry title insurance on substantially all of the Centers for generally less than their full value.

19

If an uninsured loss or a loss in excess of insured limits occurs, we could lose all or a portion of the capital we have invested in a property, as well as the anticipated future revenue from the property, but may remain obligated for any mortgage debt or other financial obligations related to the property.
We face risks associated with security breaches through cyber attacks, cyber intrusions or otherwise, as well as other significant disruptions of our information technology (IT) networks and related systems.
We face risks associated with security breaches, whether through cyber attacks or cyber intrusions over the Internet, malware, computer viruses, attachments to e-mails, persons inside our organization or persons with access to systems inside our organization, and other significant disruptions of our IT networks and related systems. The risk of a security breach or disruption, particularly through cyber attack or cyber intrusion, including by computer hackers, foreign governments and cyber terrorists, has generally increased as the number, intensity and sophistication of attempted attacks and intrusions from around the world have increased. Our IT networks and related systems are essential to the operation of our business and our ability to perform day-to-day operations and, in some cases, may be critical to the operations of certain of our tenants. Although we make efforts to maintain the security and integrity of these types of IT networks and related systems, and we have implemented various measures to manage the risk of a security breach or disruption, there can be no assurance that our security efforts and measures will be effective or that attempted security breaches or disruptions would not be successful or damaging. A security breach or other significant disruption involving our IT networks and related systems could disrupt the proper functioning of our networks and systems; result in misstated financial reports, violations of loan covenants and/or missed reporting deadlines; result in our inability to properly monitor our compliance with the rules and regulations regarding our qualification as a REIT; result in the unauthorized access to, and destruction, loss, theft, misappropriation or release of proprietary, confidential, sensitive or otherwise valuable information of ours or others, which others could use to compete against us or for disruptive, destructive or otherwise harmful purposes and outcomes; require significant management attention and resources to remedy any damages that result; subject us to claims for breach of contract, damages, credits, penalties or termination of leases or other agreements; or damage our reputation among our tenants and investors generally. Moreover, cyber attacks perpetrated against our Anchors and tenants, including unauthorized access to customers’ credit card data and other confidential information, could diminish consumer confidence and consumer spending and negatively impact our business.
Compliance with the Americans with Disabilities Act and fire, safety and other regulations may require us to make expenditures that adversely affect our cash flows.
All of the properties in our portfolio are required to comply with the Americans with Disabilities Act (“ADA”). The ADA has separate compliance requirements for “public accommodations” and “commercial facilities,” but generally requires that buildings be made accessible to people with disabilities. Compliance with the ADA requirements could require removal of access barriers, and non-compliance could result in the imposition of fines by the United States government or an award of damages to private litigants, or both. While the tenants to whom our portfolio is leased are obligated to comply with ADA provisions, within their leased premises, if required changes within their  leased premises involve greater expenditures than anticipated, or if the changes must be made on a more accelerated basis than anticipated, the ability of tenants to cover costs could be adversely affected. Furthermore, we are required to comply with ADA requirements within the common areas of our portfolio and we may not be able to pass on to our tenants any costs necessary to remediate any common area ADA issues. As a result, we could be required to expend funds to comply with the provisions of the ADA, which could adversely affect our financial condition and operating results. In addition, we are required to operate the properties in compliance with fire and safety regulations, building codes and other land use regulations, as they may be adopted by governmental agencies and bodies and become applicable to our portfolio. We may be required to make substantial capital expenditures to comply with, and we may be restricted in our ability to renovate or redevelop the properties subject to, those requirements. The resulting expenditures and restrictions could have a material adverse effect on our ability to meet our financial obligations.
Possible terrorist activity or other acts or threats of violence and threats to public safety could adversely affect our financial condition and results of operations.
Terrorist attacks and threats of terrorist attacks in the United States or other acts or threats of violence may result in declining economic activity, which could harm the demand for goods and services offered by our tenants and the value of our properties and might adversely affect the value of an investment in our securities. Such a resulting decrease in retail demand could make it difficult for us to renew or re-lease our properties.
Terrorist activities or violence also could directly affect the value of our properties through damage, destruction or loss, and the availability of insurance for such acts, or of insurance generally, might be reduced or cost more, which could increase our operating expenses and adversely affect our financial condition and results of operations. To the extent that our tenants are affected by such attacks and threats of attacks, their businesses similarly could be adversely affected, including their

20

ability to continue to meet obligations under their existing leases. These acts and threats might erode business and consumer confidence and spending and might result in increased volatility in national and international financial markets and economies. Any one of these events might decrease demand for real estate, decrease or delay the occupancy of our new or redeveloped properties, and limit our access to capital or increase our cost of raising capital.
Inflation may adversely affect our financial condition and results of operations.
If inflation increases in the future, we may experience any or all of the following:
•
Difficulty in replacing or renewing expiring leases with new leases at higher rents;
•
Decreasing tenant sales as a result of decreased consumer spending which could adversely affect the ability of our tenants to meet their rent obligations and/or result in lower percentage rents; and
•
An inability to receive reimbursement from our tenants for their share of certain operating expenses, including common area maintenance, real estate taxes and insurance.
Inflation also poses a risk to us due to the possibility of future increases in interest rates. Such increases would adversely impact us due to our outstanding floating-rate debt as well as result in higher interest rates on new fixed-rate debt. In certain cases, we may limit our exposure to interest rate fluctuations related to a portion of our floating-rate debt by the use of interest rate cap and swap agreements. Such agreements, subject to current market conditions, allow us to replace floating-rate debt with fixed-rate debt in order to achieve our desired ratio of floating-rate to fixed-rate debt. However, in an increasing interest rate environment the fixed rates we can obtain with such replacement fixed-rate cap and swap agreements or the fixed-rate on new debt will also continue to increase.
We have substantial debt that could affect our future operations.
Our total outstanding loan indebtedness at December 31, 2017 was $7.7 billion (consisting of $5.2 billion of consolidated debt, less $319.6 million attributable to noncontrolling interests, plus $2.8 billion of our pro rata share of unconsolidated joint venture mortgage notes and $60.0 million of our pro rata share of an unconsolidated joint venture term loan). As a result of this substantial indebtedness, we are required to use a material portion of our cash flow to service principal and interest on our debt, which limits the amount of cash available for other business opportunities. We are also subject to the risks normally associated with debt financing, including the risk that our cash flow from operations will be insufficient to meet required debt service and that rising interest rates could adversely affect our debt service costs. In addition, our use of interest rate hedging arrangements may expose us to additional risks, including that the counterparty to the arrangement may fail to honor its obligations and that termination of these arrangements typically involves costs such as transaction fees or breakage costs. Furthermore, most of our Centers are mortgaged to secure payment of indebtedness, and if income from the Center is insufficient to pay that indebtedness, the Center could be foreclosed upon by the mortgagee resulting in a loss of income and a decline in our total asset value. Certain Centers also have debt that could become recourse debt to us if the Center is unable to discharge such debt obligation and, in certain circumstances, we may incur liability with respect to such debt greater than our legal ownership.
We are obligated to comply with financial and other covenants that could affect our operating activities.
Our unsecured credit facilities contain financial covenants, including interest coverage requirements, as well as limitations on our ability to incur debt, make dividend payments and make certain acquisitions. These covenants may restrict our ability to pursue certain business initiatives or certain transactions that might otherwise be advantageous. In addition, failure to meet certain of these financial covenants could cause an event of default, which, if not cured or waived, could accelerate some or all of such indebtedness which could have a material adverse effect on us.
We depend on external financings for our growth and ongoing debt service requirements.
We depend primarily on external financings, principally debt financings and, in more limited circumstances, equity financings, to fund the growth of our business and to ensure that we can meet ongoing maturities of our outstanding debt. Our access to financing depends on the willingness of banks, lenders and other institutions to lend to us based on their underwriting criteria which can fluctuate with market conditions and on conditions in the capital markets in general. In addition, levels of market disruption and volatility could materially adversely impact our ability to access the capital markets for equity financings. There are no assurances that we will continue to be able to obtain the financing we need for future growth or to meet our debt service as obligations mature, or that the financing will be available to us on acceptable terms, or at all. Any debt refinancing could also impose more restrictive terms.

21

RISKS RELATED TO OUR ORGANIZATIONAL STRUCTURE
Certain individuals have substantial influence over the management of both us and the Operating Partnership, which may create conflicts of interest.
Under the limited partnership agreement of the Operating Partnership, we, as the sole general partner, are responsible for the management of the Operating Partnership's business and affairs. Two of the principals of the Operating Partnership serve as our executive officers and as members of our board of directors. Accordingly, these principals have substantial influence over our management and the management of the Operating Partnership. As a result, certain decisions concerning our operations or other matters affecting us may present conflicts of interest for these individuals.
Outside partners in Joint Venture Centers result in additional risks to our stockholders.
We own partial interests in property partnerships that own 25 Joint Venture Centers as well as several development sites. We may acquire partial interests in additional properties through joint venture arrangements. Investments in Joint Venture Centers involve risks different from those of investments in Wholly Owned Centers.
We have fiduciary responsibilities to our joint venture partners that could affect decisions concerning the Joint Venture Centers. Our partners in certain Joint Venture Centers (notwithstanding our majority legal ownership) share control of major decisions relating to the Joint Venture Centers, including decisions with respect to sales, refinancings and the timing and amount of additional capital contributions, as well as decisions that could have an adverse impact on us.
In addition, we may lose our management and other rights relating to the Joint Venture Centers if:
•
we fail to contribute our share of additional capital needed by the property partnerships; or
•
we default under a partnership agreement for a property partnership or other agreements relating to the property partnerships or the Joint Venture Centers.    
Furthermore, the bankruptcy of one of the other investors in our Joint Venture Centers could materially and adversely affect the respective property or properties. Pursuant to the bankruptcy code, we could be precluded from taking some actions affecting the estate of the other investor without prior court approval which would, in most cases, entail prior notice to other parties and a hearing. At a minimum, the requirement to obtain court approval may delay the actions we would or might want to take. If the relevant joint venture through which we have invested in a Joint Venture Center has incurred recourse obligations, the discharge in bankruptcy of one of the other investors might result in our ultimate liability for a greater portion of those obligations than would otherwise be required.
Our legal ownership interest in a joint venture vehicle may, at times, not equal our economic interest in the entity because of various provisions in certain joint venture agreements regarding distributions of cash flow based on capital account balances, allocations of profits and losses and payments of preferred returns. As a result, our actual economic interest (as distinct from our legal ownership interest) in certain of the Joint Venture Centers could fluctuate from time to time and may not wholly align with our legal ownership interests. Substantially all of our joint venture agreements contain rights of first refusal, buy-sell provisions, exit rights, default dilution remedies and/or other break up provisions or remedies which are customary in real estate joint venture agreements and which may, positively or negatively, affect the ultimate realization of cash flow and/or capital or liquidation proceeds.
Our holding company structure makes us dependent on distributions from the Operating Partnership.
Because we conduct our operations through the Operating Partnership, our ability to service our debt obligations and pay dividends to our stockholders is strictly dependent upon the earnings and cash flows of the Operating Partnership and the ability of the Operating Partnership to make distributions to us. Under the Delaware Revised Uniform Limited Partnership Act, the Operating Partnership is prohibited from making any distribution to us to the extent that at the time of the distribution, after giving effect to the distribution, all liabilities of the Operating Partnership (other than some non-recourse liabilities and some liabilities to the partners) exceed the fair value of the assets of the Operating Partnership. An inability to make cash distributions from the Operating Partnership could jeopardize our ability to maintain qualification as a REIT.

22

An ownership limit and certain of our Charter and bylaw provisions could inhibit a change of control or reduce the value of our common stock.
The Ownership Limit. In order for us to maintain our qualification as a REIT, not more than 50% in value of our outstanding stock (after taking into account certain options to acquire stock) may be owned, directly or indirectly or through the application of certain attribution rules, by five or fewer individuals (as defined in the Internal Revenue Code to include some entities that would not ordinarily be considered “individuals”) at any time during the last half of a taxable year. To assist us in maintaining our qualification as a REIT, among other purposes, our Charter restricts ownership of more than 5% (the “Ownership Limit”) of the lesser of the number or value of our outstanding shares of stock by any single stockholder or a group of stockholders (with limited exceptions). In addition to enhancing preservation of our status as a REIT, the Ownership Limit may:
•
have the effect of delaying, deferring or preventing a change in control of us or other transaction without the approval of our board of directors, even if the change in control or other transaction is in the best interests of our stockholders; and
•
limit the opportunity for our stockholders to receive a premium for their common stock or preferred stock that they might otherwise receive if an investor were attempting to acquire a block of stock in excess of the Ownership Limit or otherwise effect a change in control of us.
Our board of directors, in its sole discretion, may waive or modify (subject to limitations and upon any conditions as it may direct) the Ownership Limit with respect to one or more of our stockholders, if it is satisfied that ownership in excess of this limit will not jeopardize our status as a REIT.
Selected Provisions of our Charter, Bylaws and Maryland Law. Some of the provisions of our Charter, bylaws and Maryland law may have the effect of delaying, deferring or preventing a third party from making an acquisition proposal for us and may inhibit a change in control that holders of some, or a majority, of our shares might believe to be in their best interests or that could give our stockholders the opportunity to realize a premium over the then-prevailing market prices for our shares. These provisions include the following:
•
advance notice requirements for stockholder nominations of directors and stockholder proposals to be considered at stockholder meetings;
•
the obligation of our directors to consider a variety of factors with respect to a proposed business combination or other change of control transaction;
•
the authority of our directors to classify or reclassify unissued shares and cause the Company to issue shares of one or more classes or series of common stock or preferred stock;
•
the authority of our directors to create and cause the Company to issue rights entitling the holders thereof to purchase shares of stock or other securities from us; and
•
limitations on the amendment of our Charter and bylaws, the change in control of us, and the liability of our directors and officers.
In addition, the Maryland General Corporation Law prohibits business combinations between a Maryland corporation and an interested stockholder (which includes any person who beneficially holds 10% or more of the voting power of the corporation's outstanding voting stock or any affiliate or associate of ours who was the beneficial owner, directly or indirectly, of 10% or more of the voting power of the corporation's outstanding stock at any time within the two-year period prior to the date in question) or its affiliates for five years following the most recent date on which the interested stockholder became an interested stockholder and, after the five-year period, requires the recommendation of the board of directors and two supermajority stockholder votes to approve a business combination unless the stockholders receive a minimum price determined by the statute. As permitted by Maryland law, our Charter exempts from these provisions any business combination between us and the principals and their respective affiliates and related persons. Maryland law also allows the board of directors to exempt particular business combinations before the interested stockholder becomes an interested stockholder. Furthermore, a person is not an interested stockholder if the transaction by which he or she would otherwise have become an interested stockholder is approved in advance by the board of directors.

23

The Maryland General Corporation Law also provides that the acquirer of certain levels of voting power in electing directors of a Maryland corporation (one-tenth or more but less than one-third, one-third or more but less than a majority and a majority or more) is not entitled to vote the shares in excess of the applicable threshold, unless voting rights for the shares are approved by holders of two-thirds of the disinterested shares or unless the acquisition of the shares has been specifically or generally approved or exempted from the statute by a provision in our Charter or bylaws adopted before the acquisition of the shares. Our Charter exempts from these provisions voting rights of shares owned or acquired by the principals and their respective affiliates and related persons. Our bylaws also contain a provision exempting from this statute any acquisition by any person of shares of our common stock. There can be no assurance that this bylaw will not be amended or eliminated in the future. The Maryland General Corporation Law and our Charter also contain supermajority voting requirements with respect to our ability to amend certain provisions of our Charter, merge, or sell all or substantially all of our assets. Furthermore, the Maryland General Corporation Law permits our board of directors, without stockholder approval and regardless of what is currently provided in our Charter or bylaws, to adopt certain Charter and bylaw provisions, such as a classified board, that may have the effect of delaying or preventing a third party from making an acquisition proposal for us.
FEDERAL INCOME TAX RISKS
The tax consequences of the sale of some of the Centers and certain holdings of the principals may create conflicts of interest.
The principals will experience negative tax consequences if some of the Centers are sold. As a result, the principals may not favor a sale of these Centers even though such a sale may benefit our other stockholders. In addition, the principals may have different interests than our stockholders because they are significant holders of limited partnership units in the Operating Partnership.
If we were to fail to qualify as a REIT, we would have reduced funds available for distributions to our stockholders.
We believe that we currently qualify as a REIT. No assurance can be given that we will remain qualified as a REIT. Qualification as a REIT involves the application of highly technical and complex Internal Revenue Code provisions for which there are only limited judicial or administrative interpretations. The complexity of these provisions and of the applicable income tax regulations is greater in the case of a REIT structure like ours that holds assets through the Operating Partnership and joint ventures. The determination of various factual matters and circumstances not entirely within our control, including determinations by our partners in the Joint Venture Centers, may affect our continued qualification as a REIT. In addition, legislation, new regulations, administrative interpretations or court decisions could significantly change the tax laws with respect to our qualification as a REIT or the U.S. federal income tax consequences of that qualification.
In addition, we currently hold certain of our properties through subsidiaries that have elected to be taxed as REITs and we may in the future determine that it is in our best interests to hold one or more of our other properties through one or more subsidiaries that elect to be taxed as REITs. If any of these subsidiaries fails to qualify as a REIT for U.S. federal income tax purposes, then we may also fail to qualify as a REIT for U.S. federal income tax purposes.
If in any taxable year we were to fail to qualify as a REIT, we will suffer the following negative results:
•
we will not be allowed a deduction for distributions to stockholders in computing our taxable income; and
•
we will be subject to U.S. federal income tax on our taxable income at regular corporate rates.
In addition, if we were to lose our REIT status, we would be prohibited from qualifying as a REIT for the four taxable years following the year during which the qualification was lost, absent relief under statutory provisions. As a result, net income and the funds available for distributions to our stockholders would be reduced for at least five years and the fair market value of our shares could be materially adversely affected. Furthermore, the Internal Revenue Service could challenge our REIT status for past periods. Such a challenge, if successful, could result in us owing a material amount of tax, interest and penalties for prior periods. It is possible that future economic, market, legal, tax or other considerations might cause our board of directors to revoke our REIT election.
Even if we remain qualified as a REIT, we might face other tax liabilities that reduce our cash flow. Further, we might be subject to federal, state and local taxes on our income and property. Any of these taxes would decrease cash available for distributions to stockholders.

24

Complying with REIT requirements might cause us to forego otherwise attractive opportunities.
In order to qualify as a REIT for U.S. federal income tax purposes, we must satisfy tests concerning, among other things, our sources of income, the nature of our assets, the amounts we distribute to our stockholders and the ownership of our stock. We may also be required to make distributions to our stockholders at disadvantageous times or when we do not have funds readily available for distribution. Thus, compliance with REIT requirements may cause us to forego opportunities we would otherwise pursue.
In addition, the REIT provisions of the Internal Revenue Code impose a 100% tax on income from “prohibited transactions.” Prohibited transactions generally include sales of assets that do not qualify for a statutory safe harbor if such assets constitute inventory or other property held for sale in the ordinary course of business, other than foreclosure property. This 100% tax could impact our desire to sell assets and other investments at otherwise opportune times if we believe such sales could be considered prohibited transactions.
Complying with REIT requirements may force us to borrow or take other measures to make distributions to our stockholders.
As a REIT, we generally must distribute 90% of our annual taxable income (subject to certain adjustments) to our stockholders. From time to time, we might generate taxable income greater than our net income for financial reporting purposes, or our taxable income might be greater than our cash flow available for distributions to our stockholders. If we do not have other funds available in these situations, we might be unable to distribute 90% of our taxable income as required by the REIT rules. In that case, we would need to borrow funds, liquidate or sell a portion of our properties or investments (potentially at disadvantageous or unfavorable prices), in certain limited cases distribute a combination of cash and stock (at our stockholders' election but subject to an aggregate cash limit established by the Company) or find another alternative source of funds. These alternatives could increase our costs or reduce our equity. In addition, to the extent we borrow funds to pay distributions, the amount of cash available to us in future periods will be decreased by the amount of cash flow we will need to service principal and interest on the amounts we borrow, which will limit cash flow available to us for other investments or business opportunities.
We may face risks in connection with Section 1031 Exchanges.
If a transaction intended to qualify as a Section 1031 Exchange is later determined to be taxable, we may face adverse consequences, and if the laws applicable to such transactions are amended or repealed, we may not be able to dispose of properties on a tax deferred basis. Under recently enacted legislation, Section 1031 Exchanges now only apply to real property and do not apply to any related personal property transferred with the real property. As a result, any appreciated personal property that is transferred in connection with a Section 1031 Exchange of real property will cause gain to be recognized, and such gain is generally treated as non-qualifying income for the 95% and 75% gross income tests. Any such non-qualifying income could have an adverse effect on our REIT status.
If our Operating Partnership fails to maintain its status as a partnership for tax purposes, we would face adverse tax consequences.
We intend to maintain the status of the Operating Partnership as a partnership for federal income tax purposes. However, if the Internal Revenue Service were to successfully challenge the status of the Operating Partnership as an entity taxable as a partnership, the Operating Partnership would be taxable as a corporation. This would reduce the amount of distributions that the Operating Partnership could make to us. This could also result in our losing REIT status, with the consequences described above. This would substantially reduce the cash available to us to make distributions and the return on your investment. In addition, if any of the partnerships or limited liability companies through which the Operating Partnership owns its property, in whole or in part, loses its characterization as a partnership or disregarded entity for federal income tax purposes, it would be subject to taxation as a corporation, thereby reducing distributions to the Operating Partnership. Such a recharacterization of an underlying entity could also threaten our ability to maintain REIT status.
Tax legislative or regulatory action could adversely affect us or our investors.
In recent years, numerous legislative, judicial and administrative changes have been made to the U.S. federal income tax laws applicable to investments similar to an investment in our stock. Additional changes to tax laws are likely to continue in the future, and we cannot assure you that any such changes will not adversely affect the taxation of us or our stockholders. Any such changes could have an adverse effect on an investment in our stock or on the market value or the resale potential of our properties.

25

On December 22, 2017, President Trump signed into law H.R. 1, known as the “Tax Cuts and Jobs Act” (the “TCJA”). The TCJA makes major changes to the Code, including a number of provisions of the Code that affect the taxation of REITs and their stockholders. The individual and collective impact of these provisions and other provisions of the Tax Act on REITs and their stockholders is uncertain, and may not become evident for some period of time. Prospective investors should consult their tax advisors regarding the implications of the TCJA on their investment in our shares.
ITEM 1B.    UNRESOLVED STAFF COMMENTS
None.


26

ITEM 2.    PROPERTIES
The following table sets forth certain information regarding the Centers and other locations that are wholly owned or partly owned by the Company as of December 31, 2017.
Count
 
Company's
Ownership(1)
 
Name of
Center/Location(2)
 
Year of
Original
Construction/
Acquisition
 
Year of Most
Recent
Expansion/
Renovation
 
Total
GLA(3)
 
Mall and
Freestanding
GLA
 
Percentage
of Mall and
Freestanding
GLA Leased
 
Non-Owned Anchors (3)
 
Company-Owned Anchors (3)
 
 
 
CONSOLIDATED CENTERS:
 
 
 
 
 
 
 
 
 
 
 
1
 
50.1%
 
Chandler Fashion Center
 
2001/2002
 
-
 
1,318,000

 
633,000

 
94.7
%
 
Dillard's, Macy's, Nordstrom
 
Sears
 
 
 
 
Chandler, Arizona
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2
 
100%
 
Danbury Fair Mall
 
1986/2005
 
2016
 
1,269,000

 
524,000

 
92.1
%
 
JCPenney, Macy's
 
Dick's Sporting Goods, Forever 21, Lord & Taylor, Primark, Sears
 
 
 
 
 
Danbury, Connecticut
 
 
 
 
 
 
 
 
 
 
 
 
 
3
 
100%
 
Desert Sky Mall
 
1981/2002
 
2007
 
894,000

 
283,000

 
98.5
%
 
Burlington, Dillard's, Sears
 
La Curacao, Mercado de los Cielos
 
 
 
 
 
Phoenix, Arizona
 
 
 
 
 
 
 
 
 
 
 
 
 
4
 
100%
 
Eastland Mall(4)
 
1978/1998
 
1996
 
1,026,000

 
537,000

 
96.7
%
 
Dillard's, Macy's
 
JCPenney
 
 
 
 
 
Evansville, Indiana
 
 
 
 
 
 
 
 
 
 
 
 
 
5
 
100%
 
Fashion Outlets of Chicago
 
2013/—
 
-
 
538,000

 
538,000

 
95.9
%
 
—
 
—
 
 
 
 
 
Rosemont, Illinois
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
6
 
100%
 
Fashion Outlets of Niagara Falls USA
 
1982/2011
 
2014
 
688,000

 
688,000

 
90.2
%
 
—
 
—
 
 
 
 
 
Niagara Falls, New York
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
7
 
50.1%
 
Freehold Raceway Mall
 
1990/2005
 
2007
 
1,671,000

 
774,000

 
97.0
%
 
JCPenney, Lord & Taylor, Macy's, Nordstrom
 
Dick's Sporting Goods, Primark, Sears
 
 
 
 
 
Freehold, New Jersey
 
 
 
 
 
 
 
 
 
 
 
 
 
8
 
100%
 
Fresno Fashion Fair
 
1970/1996
 
2006
 
964,000

 
403,000

 
94.3
%
 
Macy's
 
Forever 21, JCPenney, Macy's
 
 
 
 
 
Fresno, California
 
 
 
 
 
 
 
 
 
 
 
 
 
9
 
100%
 
Green Acres Mall(4)
 
1956/2013
 
2016
 
2,069,000

 
881,000

 
97.9
%
 
—
 
BJ's Wholesale Club, Dick's Sporting Goods, Century 21, JCPenney, Kohl's, Macy's (two), Sears, Walmart
 
 
 
 
 
Valley Stream, New York
 
 
 
 
 
 
 
 
 
 
 
 
 
 
10
 
100%
 
Inland Center
 
1966/2004
 
2016
 
869,000

 
207,000

 
95.3
%
 
Macy's, Sears
 
Forever 21, JCPenney
 
 
 
 
 
San Bernardino, California
 
 
 
 
 
 
 
 
 
 
 
 
 
11
 
100%
 
Kings Plaza Shopping Center(4)(6)
 
1971/2012
 
2002
 
1,138,000

 
446,000

 
96.6
%
 
Macy's
 
Burlington, JCPenney, Lowe's, Primark
 
 
 
 
 
Brooklyn, New York
 
 
 
 
 
 
 
 
 
 
 
 
 
12
 
100%
 
La Cumbre Plaza(4)
 
1967/2004
 
1989
 
491,000

 
174,000

 
88.0
%
 
Macy's
 
Sears
 
 
 
 
 
Santa Barbara, California
 
 
 
 
 
 
 
 
 
 
 
 
 
13
 
100%
 
NorthPark Mall
 
1973/1998
 
2001
 
1,051,000

 
401,000

 
87.7
%
 
Dillard's, JCPenney, Sears, Von Maur
 
Younkers
 
 
 
 
 
Davenport, Iowa
 
 
 
 
 
 
 
 
 
 
 
 
 
14
 
100%
 
Oaks, The
 
1978/2002
 
2009
 
1,193,000

 
591,000

 
93.0
%
 
JCPenney, Macy's (two)
 
Dick's Sporting Goods, Nordstrom
 
 
 
 
 
Thousand Oaks, California
 
 
 
 
 
 
 
 
 
 
 
 
 
15
 
100%
 
Pacific View
 
1965/1996
 
2001
 
1,061,000

 
412,000

 
95.1
%
 
JCPenney, Sears, Target
 
Macy's
 
 
 
 
 
Ventura, California
 
 
 
 
 
 
 
 
 
 
 
 
 
16
 
100%
 
Queens Center(4)
 
1973/1995
 
2004
 
963,000

 
407,000

 
99.5
%
 
JCPenney, Macy's
 
—
 
 
 
 
 
Queens, New York
 
 
 
 
 
 
 
 
 
 
 
 
 
 
17
 
100%
 
Santa Monica Place
 
1980/1999
 
2015
 
526,000

 
302,000

 
89.2
%
 
—
 
Bloomingdale's, Nordstrom
 
 
 
 
 
Santa Monica, California
 
 
 
 
 
 
 
 
 
 
 
 
 
 
18
 
84.9%
 
SanTan Village Regional Center
 
2007/—
 
2009
 
1,086,000

 
679,000

 
97.6
%
 
Dillard's, Macy's
 
Dick's Sporting Goods
 
 
 
 
 
Gilbert, Arizona
 
 
 
 
 
 
 
 
 
 
 
 
 
19
 
100%
 
SouthPark Mall
 
1974/1998
 
2015
 
863,000

 
349,000

 
83.8
%
 
Dillard's, Von Maur
 
Dick's Sporting Goods, JCPenney, Younkers
 
 
 
 
 
Moline, Illinois
 
 
 
 
 
 
 
 
 
 
 
 
 

27

Count
 
Company's
Ownership(1)
 
Name of
Center/Location(2)
 
Year of
Original
Construction/
Acquisition
 
Year of Most
Recent
Expansion/
Renovation
 
Total
GLA(3)
 
Mall and
Freestanding
GLA
 
Percentage
of Mall and
Freestanding
GLA Leased
 
Non-Owned Anchors (3)
 
Company-Owned Anchors (3)
 
20
 
100%
 
Stonewood Center(4)
 
1953/1997
 
1991
 
933,000

 
359,000

 
93.1
%
 
—
 
JCPenney, Kohl's, Macy's, Sears
 
 
 
 
 
Downey, California
 
 
 
 
 
 
 
 
 
 
 
 
 
 
21
 
100%
 
Superstition Springs Center(5)
 
1990/2002
 
2002
 
1,041,000

 
345,000

 
89.5
%
 
Dillard's, JCPenney, Macy's, Sears
 
—
 
 
 
 
 
Mesa, Arizona
 
 
 
 
 
 
 
 
 
 
 
 
 
22
 
100%
 
Towne Mall
 
1985/2005
 
1989
 
350,000

 
179,000

 
86.2
%
 
—
 
Belk, JCPenney, Sears
 
 
 
 
 
Elizabethtown, Kentucky
 
 
 
 
 
 
 
 
 
 
 
 
 
 
23
 
100%
 
Tucson La Encantada
 
2002/2002
 
2005
 
244,000

 
244,000

 
94.2
%
 
—
 
—
 
 
 
 
 
Tucson, Arizona
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
24
 
100%
 
Valley Mall
 
1978/1998
 
1992
 
505,000

 
190,000

 
95.6
%
 
Target
 
Belk, Dick's Sporting Goods, JCPenney
 
 
 
 
 
Harrisonburg, Virginia
 
 
 
 
 
 
 
 
 
 
 
 
 
25
 
100%
 
Valley River Center(5)
 
1969/2006
 
2007
 
868,000

 
345,000

 
96.9
%
 
Macy's
 
JCPenney
 
 
 
 
 
Eugene, Oregon
 
 
 
 
 
 
 
 
 
 
 
 
 
26
 
100%
 
Victor Valley, Mall of
 
1986/2004
 
2012
 
577,000

 
254,000

 
97.9
%
 
Macy's
 
Dick's Sporting Goods, JCPenney, Sears
 
 
 
 
 
Victorville, California
 
 
 
 
 
 
 
 
 
 
 
 
 
27
 
100%
 
Vintage Faire Mall
 
1977/1996
 
2008
 
1,138,000

 
405,000

 
98.1
%
 
Forever 21, Macy's
 
Dick's Sporting Goods, JCPenney, Macy's, Sears
 
 
 
 
 
Modesto, California
 
 
 
 
 
 
 
 
 
 
 
 
 
28
 
100%
 
Wilton Mall
 
1990/2005
 
1998
 
734,000

 
449,000

 
94.6
%
 
JCPenney
 
Bon-Ton, Dick's Sporting Goods, Sears
 
 
 
 
 
Saratoga Springs, New York
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Consolidated Centers
 
 
 
26,068,000

 
11,999,000

 
94.4
%
 
 
 
 
 
 
 
UNCONSOLIDATED JOINT VENTURE CENTERS:
 
 
 
 
 
 
 
 
 
 
 
29
 
60%
 
Arrowhead Towne Center
 
1993/2002
 
2015
 
1,197,000

 
390,000

 
95.5
%
 
Dillard's, JCPenney, Macy's
 
Dick's Sporting Goods, Forever 21, Sears
 
 
 
 
 
Glendale, Arizona
 
 
 
 
 
 
 
 
 
 
 
 
 
30
 
50%
 
Biltmore Fashion Park
 
1963/2003
 
2006
 
517,000

 
212,000

 
95.6
%
 
—
 
Macy's, Saks Fifth Avenue
 
 
 
 
 
Phoenix, Arizona
 
 
 
 
 
 
 
 
 
 
 
 
 
 
31
 
50%
 
Broadway Plaza(4)
 
1951/1985
 
2016
 
888,000

 
343,000

 
97.6
%
 
Macy's
 
Neiman Marcus, Nordstrom
 
 
 
 
 
Walnut Creek, California
 
 
 
 
 
 
 
 
 
 
 
 
 
32
 
50.1%
 
Corte Madera, The Village at
 
1985/1998
 
2005
 
461,000

 
224,000

 
97.4
%
 
Macy's, Nordstrom
 
—
 
 
 
 
 
Corte Madera, California
 
 
 
 
 
 
 
 
 
 
 
 
 
 
33
 
50%
 
Country Club Plaza(7)
 
1922/2016
 
2015
 
1,001,000

 
1,001,000

 
n/a

 
—
 
—
 
 
 
 
 
Kansas City, Missouri
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
34
 
51%
 
Deptford Mall
 
1975/2006
 
1990
 
1,040,000

 
343,000

 
98.0
%
 
JCPenney, Macy's
 
Boscov's, Sears
 
 
 
 
 
Deptford, New Jersey
 
 
 
 
 
 
 
 
 
 
 
 
 
35
 
51%
 
FlatIron Crossing
 
2000/2002
 
2009
 
1,433,000

 
734,000

 
96.7
%
 
Dillard's, Macy's, Nordstrom
 
Dick's Sporting Goods, Forever 21
 
 
 
 
 
Broomfield, Colorado
 
 
 
 
 
 
 
 
 
 
 
 
 
36
 
50%
 
Kierland Commons
 
1999/2005
 
2003
 
435,000

 
435,000

 
96.2
%
 
—
 
—
 
 
 
 
 
Scottsdale, Arizona
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
37
 
60%
 
Lakewood Center
 
1953/1975
 
2008
 
2,070,000

 
1,004,000

 
97.4
%
 
—
 
Costco, Forever 21, Home Depot, JCPenney, Macy's, Target
 
 
 
 
 
Lakewood, California
 
 
 
 
 
 
 
 
 
 
 
 
 
 
38
 
60%
 
Los Cerritos Center(4)
 
1971/1999
 
2016
 
1,305,000

 
545,000

 
96.3
%
 
Macy's, Nordstrom
 
Dick's Sporting Goods, Forever 21, Sears
 
 
 
 
 
Cerritos, California
 
 
 
 
 
 
 
 
 
 
 
 
 
39
 
50%
 
North Bridge, The Shops at(4)
 
1998/2008
 
-
 
674,000

 
414,000

 
98.8
%
 
—
 
Nordstrom
 
 
 
 
 
Chicago, Illinois
 
 
 
 
 
 
 
 
 
 
 
 
 
 
40
 
50%
 
Scottsdale Fashion Square(5)
 
1961/2002
 
2015
 
1,837,000

 
831,000

 
91.3
%
 
Dillard's
 
Dick's Sporting Goods, Macy's, Neiman Marcus, Nordstrom
 
 
 
 
 
Scottsdale, Arizona
 
 
 
 
 
 
 
 
 
 
 
 
 
41
 
60%
 
South Plains Mall
 
1972/1998
 
2017
 
1,128,000

 
469,000

 
91.5
%
 
—
 
Bealls, Dillard's (two), JCPenney, Sears
 
 
 
 
 
Lubbock, Texas
 
 
 
 
 
 
 
 
 
 
 
 
 

28

Count
 
Company's
Ownership(1)
 
Name of
Center/Location(2)
 
Year of
Original
Construction/
Acquisition
 
Year of Most
Recent
Expansion/
Renovation
 
Total
GLA(3)
 
Mall and
Freestanding
GLA
 
Percentage
of Mall and
Freestanding
GLA Leased
 
Non-Owned Anchors (3)
 
Company-Owned Anchors (3)
 
42
 
51%
 
Twenty Ninth Street(4)
 
1963/1979
 
2007
 
847,000

 
555,000

 
97.3
%
 
Macy's
 
Home Depot
 
 
 
 
 
Boulder, Colorado
 
 
 
 
 
 
 
 
 
 
 
 
 
43
 
50%
 
Tysons Corner Center
 
1968/2005
 
2014
 
1,971,000

 
1,087,000

 
96.6
%
 
—
 
Bloomingdale's, L.L. Bean, Lord & Taylor, Macy's, Nordstrom
 
 
 
 
 
Tysons Corner, Virginia
 
 
 
 
 
 
 
 
 
 
 
 
 
 
44
 
60%
 
Washington Square
 
1974/1999
 
2005
 
1,442,000

 
507,000

 
95.2
%
 
Macy's
 
Dick's Sporting Goods, JCPenney, Nordstrom, Sears
 
 
 
 
 
Portland, Oregon
 
 
 
 
 
 
 
 
 
 
 
 
 
45
 
19%
 
West Acres(5)
 
1972/1986
 
2001
 
971,000

 
418,000

 
96.5
%
 
Herberger's, Macy's
 
JCPenney
 
 
 
 
 
Fargo, North Dakota
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Unconsolidated Joint Ventures
 
19,217,000

 
9,512,000

 
95.6
%
 
 
 
 
 
 
 
REGIONAL SHOPPING CENTERS UNDER REDEVELOPMENT
 
 
 
 
 
 
 
 
 
 
 
46
 
50%
 
Fashion District Philadelphia(8)
 
1977/2014
 
ongoing
 
850,000

 
624,000

 
(9)

 
—
 
Burlington, Century 21
 
 
 
 
 
Philadelphia, Pennsylvania
 
 
 
 
 
 
 
 
 
 
 
 
 
 
47
 
100%
 
Paradise Valley Mall(10)
 
1979/2002
 
2009
 
1,204,000

 
424,000

 
(9)

 
Dillard's, JCPenney, Macy's
 
Costco, Sears
 
 
 
 
 
Phoenix, Arizona
 
 
 
 
 
 
 
 
 
 
 
 
 
48
 
100%
 
Westside Pavilion(5)(10)
 
1985/1998
 
2007
 
755,000

 
397,000

 
(9)

 
Macy's(11)
 
—
 
 
 
 
 
Los Angeles, California
 
 
 
 
 
 
 
 
 
 
 
 
 
 
48
 
 
 
Total Regional Shopping Centers
 
48,094,000

 
22,956,000

 
95.0
%
 
 
 
 
 
 
 
COMMUNITY/POWER SHOPPING CENTERS
 
 
 
 
 
 
 
 
 
 
 
1
 
50%
 
Atlas Park, The Shops at(8)
 
2006/2011
 
2013
 
372,000

 
372,000

 
86.6
%
 
—
 
—
 
 
 
 
 
Queens, New York
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2
 
50%
 
Boulevard Shops(8)
 
2001/2002
 
2004
 
185,000

 
185,000

 
93.2
%
 
—
 
—
 
 
 
 
 
Chandler, Arizona
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3
 
Various
 
Estrella Falls, The Market at(8)
 
2009/—
 
2016
 
360,000

 
360,000

 
97.1
%
 
—
 
—
 
 
 
 
 
Goodyear, Arizona
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
4
 
89.4%
 
Promenade at Casa Grande(5)(10)
 
2007/—
 
2009
 
761,000

 
431,000

 
88.2
%
 
Dillard's, JCPenney, Kohl's
 
—
 
 
 
 
 
Casa Grande, Arizona
 
 
 
 
 
 
 
 
 
 
 
 
 
 
5
 
100%
 
Southridge Center(5)(10)
 
1975/1998
 
2013
 
826,000

 
438,000

 
85.6
%
 
Des Moines Area Community College
 
Target, Younkers
 
 
 
 
 
Des Moines, Iowa
 
 
 
 
 
 
 
 
 
 
 
 
 
6
 
100.0%
 
Superstition Springs Power Center(10)
 
1990/2002
 
-
 
206,000

 
53,000

 
100.0
%
 
Best Buy, Burlington
 
—
 
 
 
 
 
Mesa, Arizona
 
 
 
 
 
 
 
 
 
 
 
 
 
 
7
 
100%
 
The Marketplace at Flagstaff(4)(10)
 
2007/—
 
-
 
268,000

 
147,000

 
100.0
%
 
—
 
Home Depot
 
 
 
 
 
Flagstaff, Arizona
 
 
 
 
 
 
 
 
 
 
 
 
 
 
7
 
 
 
Total Community/Power Shopping Centers
 
2,978,000

 
1,986,000

 
 
 
 
 
 
 
55
 
 
 
Total before Other Assets
 
51,072,000

 
24,942,000

 
 
 
 
 
 
 
 
 
OTHER ASSETS:
 
 
 
 
 
 
 
 
 
 
 
 
 
100%
 
Various(10)(12)
 
 
 
 
 
447,000

 
169,000

 
100.0
%
 
—
 
Forever 21, Kohl's
 
 
 
50%
 
Fashion District Philadelphia-Office(8)
 

 

 
214,000

 
—

 
—
 
—
 
—
 
 
 
 
 
Philadelphia, Pennsylvania
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
50%
 
Scottsdale Fashion Square-Office(8)
 
 
 
 
 
122,000

 
—

 
—
 
—
 
—
 
 
 
 
 
Scottsdale, Arizona
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
50%
 
Tysons Corner Center-Office(8)
 
 
 
 
 
174,000

 
—

 
—
 
—
 
—
 
 
 
 
 
Tysons Corner, Virginia
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
50%
 
Hyatt Regency Tysons Corner Center(8)
 
 
 
 
 
290,000

 
—

 
—
 
—
 
—
 
 
 
 
 
Tysons Corner, Virginia
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

29

Count
 
Company's
Ownership(1)
 
Name of
Center/Location(2)
 
Year of
Original
Construction/
Acquisition
 
Year of Most
Recent
Expansion/
Renovation
 
Total
GLA(3)
 
Mall and
Freestanding
GLA
 
Percentage
of Mall and
Freestanding
GLA Leased
 
Non-Owned Anchors (3)
 
Company-Owned Anchors (3)
 
 
 
50%
 
VITA Tysons Corner Center(8)
 
 
 
 
 
510,000

 
—

 
—
 
—
 
—
 
 
 
 
 
Tysons Corner, Virginia
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
50%
 
Tysons Tower(8)
 
 
 
 
 
529,000

 
—

 
—
 
—
 
—
 
 
 
 
 
Tysons Corner, Virginia
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Other Assets
 
2,286,000

 
169,000

 
 
 
 
 
 
 
 
 
 
 
Grand Total
 
53,358,000

 
25,111,000

 
 
 
 
 
 
 
________________________
(1)
The Company's ownership interest in this table reflects its direct or indirect legal ownership interest. Legal ownership may, at times, not equal the Company's economic interest in the listed properties because of various provisions in certain joint venture agreements regarding distributions of cash flow based on capital account balances, allocations of profits and losses and payments of preferred returns. As a result, the Company's actual economic interest (as distinct from its legal ownership interest) in certain of the properties could fluctuate from time to time and may not wholly align with its legal ownership interests. Substantially all of the Company's joint venture agreements contain rights of first refusal, buy-sell provisions, exit rights, default dilution remedies and/or other break up provisions or remedies which are customary in real estate joint venture agreements and which may, positively or negatively, affect the ultimate realization of cash flow and/or capital or liquidation proceeds. See “Item 1A.-Risks Related to Our Organizational Structure-Outside partners in Joint Venture Centers result in additional risks to our stockholders.”
(2)
With respect to 44 Centers, the underlying land controlled by the Company is owned in fee entirely by the Company or, in the case of Joint Venture Centers, by the joint venture property partnership or limited liability company. With respect to the remaining 11 Centers, portions of the underlying land controlled by the Company are owned by third parties and leased to the Company, or the joint venture property partnership or limited liability company, pursuant to long-term ground leases. Under the terms of a typical ground lease, the Company, or the joint venture property partnership or limited liability company, has an option or right of first refusal to purchase the land. The termination dates of the ground leases range from 2019 to 2098.
(3)
Total GLA includes GLA attributable to Anchors (whether owned or non-owned) and Mall and Freestanding Stores as of December 31, 2017. “Non-owned Anchors” is space not owned by the Company (or, in the case of Joint Venture Centers, by the joint venture property partnership or limited liability company) which is occupied by Anchor tenants. “Company-owned Anchors” is space owned (or leased) by the Company (or, in the case of Joint Venture Centers, by the joint venture property partnership or limited liability company) and leased (or subleased) to Anchor tenants.
(4)
Portions of the land on which the Center is situated are subject to one or more long-term ground leases.
(5)
These Centers have vacant Anchor locations. The Company is seeking replacement tenants and/or contemplating redevelopment opportunities for these vacant sites. The Company continues to collect rent under the terms of an agreement regarding two of these vacant Anchor locations.
(6)
The Company anticipates that Burlington, JCPenney and Primark will open stores at Kings Plaza Shopping Center in Spring 2018.
(7)
Nordstrom has announced plans to open a store at Country Club Plaza in 2021.
(8)
Included in Unconsolidated Joint Venture Centers.
(9)
Tenant spaces have been intentionally held off the market and remain vacant because of redevelopment plans. As a result, the Company believes the percentage of mall and freestanding GLA leased at this redevelopment property is not meaningful data.
(10)
Included in Consolidated Centers.
(11)
The Anchor tenant has announced its intent to close this location in March 2018.
(12)
The Company owns an office building and seven stores located at shopping centers not owned by the Company. Of the seven stores, one has been leased to Forever 21, one has been leased to Kohl's, two are vacant and three have been leased for non-Anchor usage. With respect to the office building and four of the seven stores, the underlying land is owned in fee entirely by the Company. With respect to the remaining three stores, the underlying land is owned by third parties and leased to the Company pursuant to long-term building or ground leases. Under the terms of a typical building or ground lease, the Company pays rent for the use of the building or land and is generally responsible for all costs and expenses associated with the building and improvements. In some cases, the Company has an option or right of first refusal to purchase the land. The termination dates of the ground leases range from 2018 to 2027.

30

Mortgage Debt
The following table sets forth certain information regarding the mortgages encumbering the Centers, including those Centers in which the Company has less than a 100% interest. The information set forth below is as of December 31, 2017 (dollars in thousands):
Property Pledged as Collateral
 
Fixed or
Floating
 
Carrying
Amount(1)
 
Effective Interest
Rate(2)
 
Annual
Debt
Service(3)
 
Maturity
Date(4)
 
Balance
Due on
Maturity
 
Earliest Date
Notes Can Be
Defeased or
Be Prepaid
Consolidated Centers:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Chandler Fashion Center(5)
 
Fixed
 
$
199,904

 
3.77
%
 
$
7,500

 
7/1/19
 
$
200,000

 
Any Time
Danbury Fair Mall(6)
 
Fixed
 
209,197

 
5.53
%
 
18,456

 
10/1/20
 
188,854

 
Any Time
Fashion Outlets of Chicago(7)
 
Floating
 
199,298

 
3.02
%
 
5,721

 
3/31/20
 
200,000

 
Any Time
Fashion Outlets of Niagara Falls USA
 
Fixed
 
112,770

 
4.89
%
 
8,724

 
10/6/20
 
103,810

 
Any Time
Freehold Raceway Mall(5)(8)
 
Fixed
 
398,050

 
3.94
%
 
15,600

 
11/1/29
 
386,013

 
11/1/22
Fresno Fashion Fair
 
Fixed
 
323,261

 
3.67
%
 
11,652

 
11/1/26
 
325,000

 
2/28/19
Green Acres Commons(9)
 
Floating
 
107,219

 
4.07
%
 
3,861

 
3/29/21
 
110,000

 
9/29/18
Green Acres Mall
 
Fixed
 
291,366

 
3.61
%
 
17,364

 
2/3/21
 
269,922

 
Any Time
Kings Plaza Shopping Center
 
Fixed
 
447,231

 
3.67
%
 
26,748

 
12/3/19
 
427,423

 
Any Time
Oaks, The
 
Fixed
 
196,732

 
4.14
%
 
12,768

 
6/5/22
 
174,433

 
Any Time
Pacific View
 
Fixed
 
124,397

 
4.08
%
 
8,016

 
4/1/22
 
110,597

 
Any Time
Queens Center
 
Fixed
 
600,000

 
3.49
%
 
20,928

 
1/1/25
 
600,000

 
Any Time
Santa Monica Place(10)
 
Floating
 
296,366

 
3.13
%
 
8,480

 
12/9/22
 
300,000

 
6/9/18
SanTan Village Regional Center
 
Fixed
 
124,703

 
3.14
%
 
7,068

 
6/1/19
 
120,238

 
Any Time
Towne Mall
 
Fixed
 
21,161

 
4.48
%
 
1,404

 
11/1/22
 
18,886

 
Any Time
Tucson La Encantada(11)
 
Fixed
 
66,970

 
4.23
%
 
4,416

 
3/1/22
 
59,788

 
Any Time
Victor Valley, Mall of
 
Fixed
 
114,617

 
4.00
%
 
4,560

 
9/1/24
 
115,000

 
Any Time
Vintage Faire Mall
 
Fixed
 
263,818

 
3.55
%
 
15,072

 
3/6/26
 
210,825

 
Any Time
Westside Pavilion
 
Fixed
 
141,020

 
4.49
%
 
9,396

 
10/1/22
 
125,784

 
Any Time
 
 
 
 
$
4,238,080

 
 

 
 

 
 
 
 

 
 

31


Property Pledged as Collateral
 
Fixed or
Floating
 
Carrying
Amount(1)
 
Effective Interest
Rate(2)
 
Annual
Debt
Service(3)
 
Maturity
Date(4)
 
Balance
Due on
Maturity
 
Earliest Date
Notes Can Be
Defeased or
Be Prepaid
Unconsolidated Joint Venture Centers (at Company's Pro Rata Share):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Arrowhead Towne Center(60.0%)
 
Fixed
 
$
240,000

 
4.05
%
 
$
9,720

 
2/1/28
 
$
212,719

 
2/1/22
Atlas Park, The Shops at(50.0%)(12)
 
Floating
 
26,270

 
3.43
%
 
907

 
10/28/20
 
26,993

 
Any Time
Boulevard Shops(50.0%)(13)
 
Floating
 
9,348

 
3.24
%
 
517

 
12/16/18
 
9,133

 
Any Time
Corte Madera, The Village at(50.1%)
 
Fixed
 
112,360

 
3.53
%
 
3,945

 
9/1/28
 
98,753

 
9/30/19
Country Club Plaza(50.0%)
 
Fixed
 
159,608

 
3.88
%
 
6,160

 
4/1/26
 
137,525

 
4/1/21
Deptford Mall(51.0%)
 
Fixed
 
95,432

 
3.55
%
 
5,795

 
4/3/23
 
81,750

 
Any Time
Estrella Falls, The Market at(40.1%)(14)
 
Floating
 
9,903

 
3.39
%
 
420

 
2/5/20
 
9,715

 
Any Time
FlatIron Crossing(51.0%)
 
Fixed
 
126,380

 
2.81
%
 
8,525

 
1/5/21
 
110,538

 
Any Time
Kierland Commons(50.0%)(11)(15)
 
Fixed
 
110,979

 
3.98
%
 
6,406

 
4/1/27
 
88,724

 
Any Time
Lakewood Center(60.0%)
 
Fixed
 
222,166

 
4.15
%
 
13,144

 
6/1/26
 
185,306

 
Any Time
Los Cerritos Center(60.0%)
 
Fixed
 
315,000

 
4.00
%
 
12,600

 
11/1/27
 
278,711

 
11/1/21
North Bridge, The Shops at(50.0%)
 
Fixed
 
186,935

 
3.71
%
 
6,900

 
6/1/28
 
160,523

 
Any Time
Scottsdale Fashion Square(50.0%)
 
Fixed
 
235,649

 
3.02
%
 
13,281

 
4/3/23
 
201,331

 
Any Time
South Plains Mall(60.0%)
 
Fixed
 
120,000

 
4.22
%
 
5,065

 
11/6/25
 
120,000

 
3/6/18
Twenty Ninth Street(51.0%)
 
Fixed
 
76,500

 
4.10
%
 
3,137

 
2/6/26
 
76,500

 
6/7/18
Tysons Corner Center(50.0%)(16)
 
Fixed
 
390,561

 
4.13
%
 
24,643

 
1/1/24
 
333,233

 
Any Time
Washington Square(60.0%)
 
Fixed
 
330,000

 
3.65
%
 
12,045

 
11/1/22
 
311,863

 
11/1/18
West Acres(19.0%)(17)
 
Fixed
 
14,953

 
4.61
%
 
1,025

 
3/1/32
 
8,256

 
Any Time
 
 
 
 
$
2,782,044

 
 

 
 

 
 
 
 

 
 
_______________________________________________________________________________

(1)
The mortgage notes payable balances include the unamortized debt premiums (discounts). Debt premiums (discounts) represent the excess (deficiency) of the fair value of debt over (under) the principal value of debt assumed in various acquisitions. The debt premiums (discounts) are being amortized into interest expense over the term of the related debt in a manner which approximates the effective interest method.
The debt premiums (discounts) as of December 31, 2017 consisted of the following:
Property Pledged as Collateral
 
Consolidated Centers
 
Fashion Outlets of Niagara Falls USA
$
2,630

Unconsolidated Joint Venture Center (at Company's Pro Rata Share)
 
Deptford Mall
$
820

FlatIron Crossing
3,773

Lakewood Center
(11,916
)
 
$
(7,323
)
The mortgage notes payable balances also include unamortized deferred finance costs that are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. Unamortized deferred finance costs at December 31, 2017 were $17,838 for Consolidated Centers and $3,664 for Unconsolidated Joint Ventures (at Company's pro rata share).
(2)
The interest rate disclosed represents the effective interest rate, including the debt premiums (discounts) and deferred finance costs.
(3)
The annual debt service represents the annual payment of principal and interest.
(4)
The maturity date assumes that all extension options are fully exercised and that the Company does not opt to refinance the debt prior to these dates. These extension options are at the Company's discretion, subject to certain conditions, which the Company believes will be met.
(5)
A 49.9% interest in the loan has been assumed by a third party in connection with a co-venture arrangement.
(6)
Northwestern Mutual Life ("NML") is the lender of 50% of the loan. NML is considered a related party as it is a joint venture partner with the Company in Broadway Plaza.
(7)
The loan bears interest at LIBOR plus 1.50%.

32

(8)
On October 19, 2017, the Company's joint venture in Chandler Fashion Center and Freehold Raceway Mall replaced the existing loan on Freehold Raceway Mall with a new $400.0 million loan that bears interest at an effective rate of 3.94% and matures on November 1, 2029.
(9)
On September 29, 2017, the Company placed a new $110.0 million loan on the property that bears interest at LIBOR plus 2.15% and matures on March 29, 2021, including extension options. The loan can be expanded, depending on certain conditions, up to $130.0 million.
(10)
On December 4, 2017, the Company replaced the existing loan on the property with a new $300.0 million loan that bears interest at LIBOR plus 1.35% and matures on December 9, 2022, including three one-year extension options. The loan is covered by an interest rate cap agreement that effectively prevents LIBOR from exceeding 4.00%.
(11)
NML is the lender of this loan.
(12)
The loan bears interest at LIBOR plus 2.00%.
(13)
The loan bears interest at LIBOR plus 1.75%.
(14)
The loan bears interest at LIBOR plus 1.70%.
(15)
On March 16, 2017, the Company's joint venture in Kierland Commons replaced the existing loan on the property with a new $225.0 million loan that bears interest at an effective rate of 3.98% and matures on April 1, 2027.
(16)
NML is the lender of 33.3% of the loan.
(17)
On February 1, 2017, the Company's joint venture in West Acres replaced the existing loan on the property with a new $80.0 million loan that bears interest at an effective rate of 4.61% and matures on March 1, 2032.
ITEM 3.    LEGAL PROCEEDINGS
None of the Company, the Operating Partnership, the Management Companies or their respective affiliates is currently involved in any material legal proceedings.
ITEM 4.    MINE SAFETY DISCLOSURES
Not applicable.

33

PART II
ITEM 5.    MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
The common stock of the Company is listed and traded on the New York Stock Exchange under the symbol "MAC". The common stock began trading on March 10, 1994 at a price of $19 per share. In 2017, the Company's shares traded at a high of $73.34 and a low of $52.12.
As of February 21, 2018, there were approximately 521 stockholders of record. The following table shows high and low sales prices per share of common stock during each quarter in 2017 and 2016 and dividends per share of common stock declared and paid by the Company during each quarter:
 
 
Market Quotation
Per Share
 
 
 
 
 
 
Dividends (1)
Quarter Ended
 
High
 
Low
 
Declared
 
Paid
March 31, 2017
 
$
73.34

 
$
62.14

 
$
0.71

 
$
0.71

June 30, 2017
 
$
67.18

 
$
56.06

 
$
0.71

 
$
0.71

September 30, 2017
 
$
61.55

 
$
52.12

 
$
0.71

 
$
0.71

December 31, 2017
 
$
67.53

 
$
52.45

 
$
0.74

 
$
0.74

March 31, 2016
 
$
82.88

 
$
72.99

 
$
0.68

 
$
2.68

June 30, 2016
 
$
85.39

 
$
71.82

 
$
0.68

 
$
0.68

September 30, 2016
 
$
94.51

 
$
78.76

 
$
0.68

 
$
0.68

December 31, 2016
 
$
80.54

 
$
66.00

 
$
0.71

 
$
0.71

_______________________________________________________________________________

(1)
The dividends paid during the quarter ended March 31, 2016 include a special dividend/distribution of $2.00 per share of common stock and per OP Unit that was declared during the quarter ended December 31, 2015.
To maintain its qualification as a REIT, the Company is required each year to distribute to stockholders at least 90% of its net taxable income after certain adjustments. The Company paid all of its 2017 and 2016 quarterly dividends in cash. The timing, amount and composition of future dividends will be determined in the sole discretion of the Company's board of directors and will depend on actual and projected cash flow, financial condition, funds from operations, earnings, capital requirements, annual REIT distribution requirements, contractual prohibitions or other restrictions, applicable law and such other factors as the board of directors deems relevant. For example, under the Company's existing financing arrangements, the Company may pay cash dividends and make other distributions based on a formula derived from funds from operations (See "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations—Funds From Operations ("FFO")") and only if no default under the financing agreements has occurred, unless, under certain circumstances, payment of the distribution is necessary to enable the Company to continue to qualify as a REIT under the Code.
Stock Performance Graph
The following graph provides a comparison, from December 31, 2012 through December 31, 2017, of the yearly percentage change in the cumulative total stockholder return (assuming reinvestment of dividends) of the Company, the Standard & Poor's ("S&P") 500 Index, the S&P Midcap 400 Index and the FTSE NAREIT All Equity REITs Index, an industry index of publicly-traded REITs (including the Company).
The graph assumes that the value of the investment in each of the Company's common stock and the indices was $100 at the close of the market on December 31, 2012.
Upon written request directed to the Secretary of the Company, the Company will provide any stockholder with a list of the REITs included in the FTSE NAREIT All Equity REITs Index. The historical information set forth below is not necessarily indicative of future performance.

34

Data for the FTSE NAREIT All Equity REITs Index, the S&P 500 Index and the S&P Midcap 400 Index were provided by Research Data Group.
mac2017charta11.jpg
Copyright© 2018 S&P, a division of The McGraw-Hill Companies Inc. All rights reserved.
 
 
12/31/12
 
12/31/13
 
12/31/14
 
12/31/15
 
12/31/16
 
12/31/17
The Macerich Company
 
$
100.00

 
$
105.00

 
$
154.56

 
$
162.31

 
$
147.75

 
$
143.52

S&P 500 Index
 
100.00

 
132.39

 
150.51

 
152.59

 
170.84

 
208.14

S&P Midcap 400 Index
 
100.00

 
133.50

 
146.54

 
143.35

 
173.08

 
201.20

FTSE NAREIT All Equity REITs Index
 
100.00

 
102.86

 
131.68

 
135.40

 
147.09

 
159.85

Recent Sales of Unregistered Securities
None.

35

Issuer Purchases of Equity Securities
Period
 
Total Number of Shares Purchased
 
 
Average Price Paid per Share
 
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
 
 
Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (1)
 
October 1, 2017 to October 31, 2017
 
—

 
 
$
—

 
—

 
 
$
278,707,048

 
November 1, 2017 to November 30, 2017
 
—

 
 
—

 
—

 
 
$
278,707,048

 
December 1, 2017 to December 31, 2017
 
—

 
 
—

 
—

 
 
$
278,707,048

 
 
 
—

 
 
$
—

 
—

 
 
 
 

(1)
On February 12, 2017, the Company's Board of Directors authorized the repurchase of up to $500.0 million of the Company's outstanding common shares from time to time as market conditions warrant.


36

ITEM 6.    SELECTED FINANCIAL DATA
The following sets forth selected financial data for the Company on a historical basis. The following data should be read in conjunction with the consolidated financial statements (and the notes thereto) of the Company and "Management's Discussion and Analysis of Financial Condition and Results of Operations," each included elsewhere in this Form 10-K. All dollars and share amounts are in thousands, except per share data.
 
Years Ended December 31,
 
2017
 
2016
 
2015
 
2014
 
2013
OPERATING DATA:
 
 
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
 
 
Minimum rents (1)
$
594,030

 
$
616,295

 
$
759,603

 
$
633,571

 
$
578,113

Percentage rents
17,124

 
20,902

 
25,693

 
24,350

 
23,156

Tenant recoveries
283,295

 
305,282

 
415,129

 
361,119

 
337,772

Other
55,819

 
59,328

 
61,470

 
52,226

 
50,242

Management Companies
43,394

 
39,464

 
26,254

 
33,981

 
40,192

Total revenues
993,662

 
1,041,271

 
1,288,149

 
1,105,247

 
1,029,475

Expenses:
 
 
 
 
 
 
 
 
 
Shopping center and operating expenses
295,190

 
307,623

 
379,815

 
353,505

 
329,795

Management Companies' operating expenses
100,121

 
98,323

 
92,340

 
88,424

 
93,461

REIT general and administrative expenses
28,240

 
28,217

 
29,870

 
29,412

 
27,772

Costs related to unsolicited takeover offer (2)
—

 
—

 
25,204

 
—

 
—

Depreciation and amortization
335,431

 
348,488

 
464,472

 
378,716

 
357,165

Interest expense
171,776

 
163,675

 
211,943

 
190,689

 
197,247

(Gain) loss on extinguishment of debt, net (3)
—

 
(1,709
)
 
(1,487
)
 
9,551

 
(1,432
)
Total expenses
930,758

 
944,617

 
1,202,157

 
1,050,297

 
1,004,008

Equity in income of unconsolidated joint ventures (4)
85,546

 
56,941

 
45,164

 
60,626

 
167,580

Co-venture expense
(13,629
)
 
(13,382
)
 
(11,804
)
 
(9,490
)
 
(8,864
)
Income tax (expense) benefit (5)
(15,594
)
 
(722
)
 
3,223

 
4,269

 
1,692

Gain (loss) on sale or write down of assets, net (6)
42,446

 
415,348

 
378,248

 
73,440

 
(78,057
)
Gain on remeasurement of assets (7)
—

 
—

 
22,089

 
1,423,136

 
51,205

Income from continuing operations
161,673

 
554,839

 
522,912

 
1,606,931

 
159,023

Discontinued operations: (8)
 
 
 
 
 
 
 
 
 
Gain on disposition of assets, net
—

 
—

 
—

 
—

 
286,414

Income from discontinued operations
—

 
—

 
—

 
—

 
3,522

Total income from discontinued operations
—

 
—

 
—

 
—

 
289,936

Net income
161,673

 
554,839

 
522,912

 
1,606,931

 
448,959

Less net income attributable to noncontrolling interests
15,543

 
37,844

 
35,350

 
107,889

 
28,869

Net income attributable to the Company
$
146,130

 
$
516,995

 
$
487,562

 
$
1,499,042

 
$
420,090

Earnings per common share ("EPS") attributable to the Company—basic:
 
 
 
 
 
 
 
 
 
Income from continuing operations
$
1.02

 
$
3.52

 
$
3.08

 
$
10.46

 
$
1.07

Discontinued operations
—

 
—

 
—

 
—

 
1.94

Net income attributable to common stockholders
$
1.02

 
$
3.52

 
$
3.08

 
$
10.46

 
$
3.01

EPS attributable to the Company—diluted: (9)(10)
 
 
 
 
 
 
 
 
 
Income from continuing operations
$
1.02

 
$
3.52

 
$
3.08

 
$
10.45

 
$
1.06

Discontinued operations
—

 
—

 
—

 
—

 
1.94

Net income attributable to common stockholders
$
1.02

 
$
3.52

 
$
3.08

 
$
10.45

 
$
3.00


37


 
As of December 31,
 
2017
 
2016
 
2015
 
2014
 
2013
BALANCE SHEET DATA:
 
 
 
 
 
 
 
 
 
Investment in real estate (before accumulated depreciation)
$
9,127,533

 
$
9,209,211

 
$
10,689,656

 
$
12,777,882

 
$
9,181,338

Total assets
$
9,605,862

 
$
9,958,148

 
$
11,235,584

 
$
13,094,948

 
$
9,038,972

Total mortgage and notes payable
$
5,170,264

 
$
4,965,900

 
$
5,260,750

 
$
6,265,570

 
$
4,546,449

Equity (11)
$
3,967,999

 
$
4,427,168

 
$
5,071,239

 
$
6,039,849

 
$
3,718,717

OTHER DATA:
 
 
 
 
 
 
 
 
 
Funds from operations ("FFO")—diluted (12)
$
582,878

 
$
642,304

 
$
642,268

 
$
542,754

 
$
527,574

Cash flows provided by (used in):
 
 
 
 
 
 
 
 
 
Operating activities
$
386,389

 
$
429,534

 
$
554,956

 
$
409,731

 
$
422,035

Investing activities
$
176,872

 
$
443,113

 
$
(101,024
)
 
$
(255,791
)
 
$
271,867

Financing activities
$
(566,269
)
 
$
(865,111
)
 
$
(452,329
)
 
$
(138,748
)
 
$
(689,980
)
Number of Centers at year end
55

 
57

 
58

 
60

 
64

Regional Shopping Centers portfolio occupancy (13)
95.0
%
 
95.4
%
 
96.1
%
 
95.8
%
 
94.6
%
Regional Shopping Centers portfolio sales per square foot (14)
$
660

 
$
630

 
$
635

 
$
587

 
$
562

Weighted average number of shares outstanding—EPS basic
141,877

 
146,599

 
157,916

 
143,144

 
139,598

Weighted average number of shares outstanding—EPS diluted(10)
141,913

 
146,711

 
158,060

 
143,291

 
139,680

Distributions declared per common share (15)
$
2.87

 
$
2.75

 
$
6.63

 
$
2.51

 
$
2.36

_______________________________________________________________________________

(1)
Minimum rents were increased by amortization of above and below-market leases of $1.0 million, $12.8 million, $16.5 million, $9.1 million and $6.6 million for the years ended December 31, 2017, 2016, 2015, 2014 and 2013, respectively.
(2)
Costs related to unsolicited takeover offer from Simon. See "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations—Other Transactions and Events."
(3)
The (gain) loss on extinguishment of debt, net for the years ended December 31, 2016, 2015, 2014 and 2013 includes the (gain) loss on the extinguishment of mortgage notes payable of $(1.7) million, $(2.1) million, $9.6 million and $(1.4) million, respectively. The (gain) loss on extinguishment of debt, net for the year ended December 31, 2015 also includes the loss on the extinguishment of a term loan of $0.6 million.
(4)
On May 29, 2013, the Company's joint venture in Pacific Premier Retail LLC sold Redmond Town Center Office for $185.0 million, resulting in a gain on the sale of assets of $89.2 million to the joint venture. The Company's share of the gain was $44.4 million. The Company used its share of the proceeds from the sale to pay down its line of credit and for general corporate purposes.
On June 12, 2013, the Company's joint venture in Pacific Premier Retail LLC sold Kitsap Mall for $127.0 million, resulting in a gain on the sale of assets of $55.2 million to the joint venture. The Company's share of the gain was $28.1 million. The Company used its share of the proceeds from the sale to pay down its line of credit and for general corporate purposes.
On August 1, 2013, the Company's joint venture in Pacific Premier Retail LLC sold Redmond Town Center for $127.0 million, resulting in a gain on the sale of assets of $38.4 million to the joint venture. The Company's share of the gain was $18.3 million. The Company used its share of the proceeds from the sale to pay down its line of credit and for general corporate purposes.
On September 17, 2013, the Company’s joint venture in Camelback Colonnade was restructured. As a result of the restructuring, the Company’s ownership interest in Camelback Colonnade decreased from 73.2% to 67.5%. Prior to the restructuring, the Company had accounted for its investment in Camelback Colonnade under the equity method of accounting due to substantive participation rights held by the outside partners. Upon completion of the restructuring, these substantive participation rights were terminated and the Company obtained voting control of the joint venture. As a result of this transaction, the Company recognized a remeasurement gain of $36.3 million. Since the date of the restructuring, the Company included Camelback Colonnade in its consolidated financial statements until it was sold on December 29, 2014.
On October 8, 2013, the Company's joint venture in Ridgmar Mall sold the property for $60.9 million, which resulted in a gain on the sale of assets of $6.2 million to the joint venture. The Company's share of the gain was $3.1 million. The cash proceeds from the sale were used to pay off the $51.7 million mortgage loan on the property and the remaining $9.2 million net of closing costs was distributed to the partners. The Company used its share of the proceeds from the sale to pay down its line of credit and for general corporate purposes.
On October 24, 2013, the Company acquired the remaining 33.3% ownership interest in Superstition Springs Center that it did not previously own for $46.2 million. The purchase price was funded by a cash payment of $23.7 million and the assumption of the third party's pro rata share of the mortgage note payable on the property of $22.5 million. Prior to the acquisition, the Company had accounted for its investment in Superstition Springs Center under the equity method of accounting. As a result of this transaction, the Company recognized a remeasurement gain of $14.9 million. Since the date of acquisition, the Company has included Superstition Springs Center in its consolidated financial statements.

38

On June 4, 2014, the Company acquired the remaining 49.0% ownership interest in Cascade Mall that it did not previously own for a cash payment of $15.2 million. The Company purchased Cascade Mall from its joint venture in Pacific Premier Retail LLC. Prior to the acquisition, the Company had accounted for its investment in Cascade Mall under the equity method of accounting. From the date of acquisition until it was sold on January 18, 2017, the Company has included Cascade Mall in its consolidated financial statements.
On July 30, 2014, the Company formed a joint venture to redevelop Fashion District Philadelphia. The Company invested $106.8 million for a 50% ownership interest in the joint venture, which was funded by borrowings under its line of credit.
On August 28, 2014, the Company sold its 30% ownership interest in Wilshire Boulevard for a total sales price of $17.1 million, resulting in a gain on the sale of assets of $9.0 million. The sales price was funded by a cash payment of $15.4 million and the assumption of the Company's share of the mortgage note payable on the property of $1.7 million. The Company used the cash proceeds from the sale to pay down its line of credit and for general corporate purposes.
On November 14, 2014, the Company acquired the remaining 49% ownership interest that it did not previously own in two separate joint ventures, Pacific Premier Retail LLC and Queens JV LP, which together owned five Centers: Lakewood Center, Los Cerritos Center, Queens Center, Stonewood Center and Washington Square (collectively referred to herein as the "PPR Queens Portfolio.") The total consideration of approximately $1.8 billion was funded by the direct issuance of approximately $1.2 billion of common stock of the Company and the assumption of the third party's pro rata share of the mortgage notes payable on the properties of $672.1 million. The Company has included Stonewood Center and Queens Center in its consolidated financial statements since the date of acquisition and has included Lakewood Center, Los Cerritos Center and Washington Square in its consolidated financial statements from the date of acquisition until the Company sold a 40% interest in Pacific Premier Retail LLC (the "PPR Portfolio") on October 30, 2015 as provided below.
On February 17, 2015, the Company acquired the remaining 50% ownership interest in Inland Center that it did not previously own for $51.3 million. The purchase price was funded by a cash payment of $26.3 million and the assumption of the third party's share of the mortgage note payable on the property of $25.0 million. Concurrent with the purchase of the joint venture interest, the Company paid off the $50.0 million mortgage note payable on the property. The cash payment was funded by borrowings under the Company's line of credit.
On April 30, 2015, the Company entered into a 50/50 joint venture with Sears to own nine freestanding stores located at Arrowhead Towne Center, Chandler Fashion Center, Danbury Fair Mall, Deptford Mall, Freehold Raceway Mall, Los Cerritos Center, South Plains Mall, Vintage Faire Mall and Washington Square. The Company invested $150.0 million for a 50% interest in the joint venture, which was funded by borrowings under its line of credit.
On October 30, 2015, the Company sold a 40% ownership interest in the PPR Portfolio, which owns Lakewood Center, Los Cerritos Center, South Plains Mall and Washington Square for a total sales price of $1.3 billion, resulting in a gain on sale of assets of $311.2 million. The sales price was funded by a cash payment of $545.6 million and the assumption of the pro rata share of the mortgage and other notes payable on the properties of $713.0 million. The Company used the cash proceeds from the sale to pay down its line of credit and for general corporate purposes, which included funding the accelerated share repurchase program ("ASR") and Special Dividend (See "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations—Other Transactions and Events"). Upon completion of the sale of the ownership interest, the Company has accounted for its investment in the PPR Portfolio under the equity method of accounting.
On January 6, 2016, the Company sold a 40% ownership interest in Arrowhead Towne Center for $289.5 million, resulting in a gain on the sale of assets of $101.6 million. The sales price was funded by a cash payment of $129.5 million and the assumption of a pro rata share of the mortgage note payable on the property of $160.0 million. The Company used the cash proceeds from the sale to pay down its line of credit and for general corporate purposes, which included funding the Special Dividend (See "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations—Other Transactions and Events"). Upon completion of the sale of the ownership interest, the Company has accounted for its investment in Arrowhead Towne Center under the equity method of accounting.
On January 14, 2016, the Company formed a joint venture, whereby the Company sold a 49% ownership interest in Deptford Mall, FlatIron Crossing and Twenty Ninth Street (the "MAC Heitman Portfolio"), for $771.5 million, resulting in a gain on the sale of assets of $340.7 million. The sales price was funded by a cash payment of $478.6 million and the assumption of a pro rata share of the mortgage notes payable on the properties of $292.9 million. The Company used the cash proceeds from the sale to pay down its line of credit and for general corporate purposes. Upon completion of the sale of the ownership interest, the Company has accounted for its investment in the MAC Heitman Portfolio under the equity method of accounting.
On March 1, 2016, the Company, through a 50/50 joint venture, acquired Country Club Plaza for a purchase price of $660.0 million. The Company funded its pro rata share of the purchase price of $330.0 million from borrowings under its line of credit. On March 28, 2016, the joint venture placed a $320.0 million loan on the property that bears interest at an effective rate of 3.88% and matures on April 1, 2026. The Company used its pro rata share of the proceeds to pay down its line of credit.
On March 17, 2017, the Company's joint venture in Country Club Plaza sold an office building for $78.0 million, resulting in a gain on sale of assets of $4.6 million. The Company's pro rata share of the gain on sale of assets of $2.3 million was included in equity in income of unconsolidated joint ventures. The Company used its share of the proceeds to fund repurchases under the 2017 Stock Buyback Program (See "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations—Other Transactions and Events").
On September 18, 2017, the Company's joint venture in Fashion District Philadelphia sold an office building for $61.5 million, resulting in a gain on sale of assets of $13.1 million. The Company's pro rata share of the gain on sale of assets of $6.5 million was included in equity in income of unconsolidated joint ventures. The Company used its share of the proceeds to fund repurchases under the 2017 Stock Buyback Program (See "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations—Other Transactions and Events").
(5)
The Company's taxable REIT subsidiaries are subject to corporate level income taxes. The income tax expense for the year ended December 31, 2017 includes a charge of $14.2 million due to the impact of the Tax Cuts and Jobs Act of 2017 ("TCJA 2017"). The TCJA 2017 reduced the federal income tax rate to 21% (See Note 21—Income Taxes in the Company's Notes to the Consolidated Financial Statements).


39

(6)
Gain (loss) on sale or write down of assets, net includes a gain of $14.6 million from sale of 500 North Michigan Avenue and $59.6 million from sale of Cascade Mall and Northgate Mall during the year ended December 31, 2017, $340.7 million from the sale of a 49% ownership interest in the MAC Heitman Portfolio and $101.6 million from the sale of a 40% ownership interest in the Arrowhead Towne Center during the year ended December 31, 2016, $311.2 million from the sale of a 40% ownership interest in the PPR Portfolio and $73.7 million from the sale of Panorama Mall during the year ended December 31, 2015 and $121.9 million from the sale of South Towne Center during the year ended December 31, 2014.
(7)
Gain on remeasurement of assets includes $22.1 million from the acquisition of Inland Center during the year ended December 31, 2015, $1.4 billion from the acquisition of the PPR Queens Portfolio during the year ended December 31, 2014, $36.3 million from the acquisition of Camelback Colonnade and $14.9 million from the acquisition of Superstition Springs Center during the year ended December 31, 2013.
(8)
Discontinued operations include the following:
On May 31, 2013, the Company sold Green Tree Mall for $79.0 million, resulting in a gain on the sale of assets of $59.8 million. The Company used the proceeds from the sale to pay down its line of credit and for general corporate purposes.
On June 4, 2013, the Company sold Northridge Mall and Rimrock Mall in a combined transaction for $230.0 million, resulting in a gain on the sale of assets of $82.2 million. The Company used the proceeds from the sale to pay down its line of credit and for general corporate purposes.
On September 11, 2013, the Company sold a former Mervyn's store in Milpitas, California for $12.0 million, resulting in a loss on the sale of assets of $2.6 million. The Company used the proceeds from the sale to pay down its line of credit and for general corporate purposes.
On September 30, 2013, the Company conveyed Fiesta Mall to the mortgage note lender by a deed-in-lieu of foreclosure. The mortgage loan was non-recourse. As a result of the conveyance, the Company recognized a gain on the extinguishment of debt of $1.3 million.
On October 15, 2013, the Company sold a former Mervyn's store in Midland, Texas for $5.7 million, resulting in a loss on the sale of assets of $2.0 million. The Company used the proceeds from the sale to pay down its line of credit and for general corporate purposes.
On October 23, 2013, the Company sold a former Mervyn's store in Grand Junction, Colorado for $5.4 million, resulting in a gain on the sale of assets of $1.7 million. The Company used the proceeds from the sale to pay down its line of credit and for general corporate purposes.
On December 4, 2013, the Company sold a former Mervyn's store in Livermore, California for $10.5 million, resulting in a loss on the sale of assets of $5.3 million. The Company used the proceeds from the sale to pay down its line of credit and for general corporate purposes.
On December 11, 2013, the Company sold Chesterfield Towne Center and Centre at Salisbury in a combined transaction for $292.5 million, resulting in a gain on the sale of assets of $151.5 million. The sales price was funded by a cash payment of $67.8 million, the assumption of the $109.7 million mortgage note payable on Chesterfield Towne Center and the assumption of the $115.0 million mortgage note payable on Centre at Salisbury. The Company used the proceeds from the sale to pay down its line of credit and for general corporate purposes.
The Company has classified the results of operations and gain or loss on sale for all of the above dispositions as discontinued operations for the year ended December 31, 2013. On April 10, 2014, the Financial Accounting Standards Board issued Accounting Standards Update 2014-08, which amended the definition of discontinued operations and requires additional disclosures for disposal transactions that do not meet the revised discontinued operations criteria. The Company adopted this pronouncement on January 1, 2014. As a result, properties sold after 2013 have been included in gain (loss) on sale or write down of assets, net in continuing operations.
(9)
Assumes the conversion of Operating Partnership units to the extent they are dilutive to the EPS computation. It also assumes the conversion of MACWH, LP common and preferred units to the extent that they are dilutive to the EPS computation.
(10)
Includes the dilutive effect, if any, of share and unit-based compensation plans calculated using the treasury stock method and the dilutive effect, if any, of all other dilutive securities calculated using the "if converted" method.
(11)
Equity includes the noncontrolling interests in the Operating Partnership, nonredeemable noncontrolling interests in consolidated joint ventures and common and non-participating convertible preferred units of MACWH, LP.
(12)
See "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations—Funds From Operations ("FFO")".
(13)
Occupancy is the percentage of Mall and Freestanding GLA leased as of the last day of the reporting period. Centers under development and redevelopment are excluded from occupancy. As a result, occupancy for the years ended December 31, 2017, 2016, 2015 and 2014 excluded Fashion District Philadelphia, Paradise Valley Mall and Westside Pavilion. Occupancy for the years ended December 31, 2016, 2015 and 2014 excluded Broadway Plaza. Occupancy for the years ended December 31, 2015 and 2014 excluded Fashion Outlets of Niagara Falls USA and SouthPark Mall. Occupancy for the year ended December 31, 2013 excluded Paradise Valley Mall.
In addition, occupancy for the year ended December 31, 2016 excluded Cascade Mall and Northgate Mall, which were sold on January 18, 2017. Occupancy for the year ended December 31, 2015 excluded Flagstaff Mall, which was conveyed to the mortgage lender by a deed-in-lieu of foreclosure on July 15, 2016. Occupancy for the year ended December 31, 2014 excluded Great Northern Mall, which was conveyed to the mortgage lender by a deed-in-lieu of foreclosure in 2015. Occupancy for the year ended December 31, 2013 excluded Rotterdam Square, which was sold on January 15, 2014.
(14)
Sales per square foot are based on reports by retailers leasing Mall Stores and Freestanding Stores for the trailing twelve months for tenants which have occupied such stores for a minimum of twelve months. Sales per square foot also are based on tenants 10,000 square feet and under for Regional Shopping Centers. The sales per square foot exclude Centers under development and redevelopment. As a result, sales per square foot for the years ended December 31, 2017, 2016, 2015 and 2014 excluded Fashion District Philadelphia, Paradise Valley Mall and Westside Pavilion. Sales per square foot for the years ended December 31, 2016, 2015 and 2014 excluded Broadway Plaza. Sales per square foot for the years ended December 31, 2015 and 2014 excluded Fashion Outlets of Niagara Falls USA and SouthPark Mall. Sales per square foot for the year ended December 31, 2013 excluded Paradise Valley Mall.

40

In addition, sales per square foot for the year ended December 31, 2016 excluded Cascade Mall and Northgate Mall, which were sold on January 18, 2017. Sales per square foot for the year ended December 31, 2015 excluded Flagstaff Mall, which was conveyed to the mortgage lender by a deed-in-lieu of foreclosure on July 15, 2016. Sales per square foot for the year ended December 31, 2014 excluded Great Northern Mall, which was conveyed to the mortgage lender by a deed-in-lieu of foreclosure in 2015. Sales per square foot for the year ended December 31, 2013 excluded Rotterdam Square, which was sold on January 15, 2014.
(15)
On October 30, 2015, the Company declared two special dividends/distributions ("Special Dividend"), each of $2.00 per share of common stock and per OP Unit to stockholders and OP Unit holders of record on November 12, 2015. The first Special Dividend was paid on December 8, 2015 and the second Special Dividend was paid on January 6, 2016. The Special Dividends were funded from proceeds in connection with the financing and sale of ownership interests in the PPR Portfolio and Arrowhead Towne Center.

41

ITEM 7.    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Management's Overview and Summary
The Company is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers located throughout the United States. The Company is the sole general partner of, and owns a majority of the ownership interests in, the Operating Partnership. As of December 31, 2017, the Operating Partnership owned or had an ownership interest in 48 regional shopping centers and seven community/power shopping centers. These 55 regional and community/power shopping centers (which include any related office space) consist of approximately 53 million square feet of gross leasable area (“GLA”) and are referred to herein as the “Centers”. The Centers consist of consolidated Centers (“Consolidated Centers”) and unconsolidated joint venture Centers (“Unconsolidated Joint Venture Centers”) as set forth in “Item 2. Properties,” unless the context otherwise requires. The Company is a self-administered and self-managed REIT and conducts all of its operations through the Operating Partnership and the Management Companies.
The following discussion is based primarily on the consolidated financial statements of the Company for the years ended December 31, 2017, 2016 and 2015. It compares the results of operations and cash flows for the year ended December 31, 2017 to the results of operations and cash flows for the year ended December 31, 2016. Also included is a comparison of the results of operations and cash flows for the year ended December 31, 2016 to the results of operations and cash flows for the year ended December 31, 2015. This information should be read in conjunction with the accompanying consolidated financial statements and notes thereto.
Acquisitions and Dispositions:
The financial statements reflect the following acquisitions, dispositions and changes in ownership subsequent to the occurrence of each transaction.
On February 17, 2015, the Company acquired the remaining 50% ownership interest in Inland Center, an 869,000 square foot regional shopping center in San Bernardino, California, that it did not previously own for $51.3 million. The purchase price was funded by a cash payment of $26.3 million and the assumption of the third party's share of the mortgage note payable on the property of $25.0 million. Concurrent with the purchase of the joint venture interest, the Company paid off the $50.0 million loan on the property. The cash payment was funded by borrowings under the Company's line of credit. As a result of the acquisition, the Company recognized a gain on the remeasurement of assets of $22.1 million. Since the date of acquisition, the Company has included Inland Center in its consolidated financial statements.
On April 30, 2015, the Company entered into a 50/50 joint venture with Sears to own nine freestanding stores located at Arrowhead Towne Center, Chandler Fashion Center, Danbury Fair Mall, Deptford Mall, Freehold Raceway Mall, Los Cerritos Center, South Plains Mall, Vintage Faire Mall and Washington Square. The Company invested $150.0 million for a 50% ownership interest in the joint venture, which was funded by borrowings under the Company's line of credit.
On October 30, 2015, the Company sold a 40% ownership interest in Pacific Premier Retail LLC (the "PPR Portfolio"), which owns Lakewood Center, a 2,070,000 square foot regional shopping center in Lakewood, California; Los Cerritos Center, a 1,305,000 square foot regional shopping center in Cerritos, California; South Plains Mall, a 1,128,000 square foot regional shopping center in Lubbock, Texas; and Washington Square, a 1,442,000 square foot regional shopping center in Portland, Oregon, for a total sales price of $1.3 billion, resulting in a gain on the sale of assets of $311.2 million. The sales price was funded by a cash payment of $545.6 million and the assumption of a pro rata share of the mortgage and other notes payable on the properties of $713.0 million. The Company used the cash proceeds from the sale to pay down its line of credit and for general corporate purposes, which included funding the ASR and Special Dividend (See "Other Transactions and Events"). Upon completion of the sale of the ownership interest, the Company no longer has a controlling interest in the joint venture due to the substantive participation rights of the outside partner. Accordingly, the Company accounts for its investment in the PPR Portfolio under the equity method of accounting.
On November 19, 2015, the Company sold Panorama Mall, a 312,000 square foot community center in Panorama City, California, for $98.0 million, resulting in a gain on the sale of assets of $73.7 million. The Company used the proceeds from the sale to pay down its line of credit and for general corporate purposes.
On January 6, 2016, the Company sold a 40% ownership interest in Arrowhead Towne Center, a 1,197,000 square foot regional shopping center in Glendale, Arizona, for $289.5 million, resulting in a gain on the sale of assets of $101.6 million. The sales price was funded by a cash payment of $129.5 million and the assumption of a pro rata share of the mortgage note payable on the property of $160.0 million. The Company used the cash proceeds from the sale to pay down its line of credit and for general corporate purposes, which included funding the Special Dividend (See "Other Transactions and Events"). Upon completion of the sale of the ownership interest, the Company no longer has a controlling interest in the joint venture due to the

42

substantive participation rights of the outside partner. Accordingly, the Company accounts for its investment in Arrowhead Towne Center under the equity method of accounting.
On January 14, 2016, the Company formed a joint venture, whereby the Company sold a 49% ownership interest in Deptford Mall, a 1,040,000 square foot regional shopping center in Deptford, New Jersey; FlatIron Crossing, a 1,433,000 square foot regional shopping center in Broomfield, Colorado; and Twenty Ninth Street, an 847,000 square foot regional shopping center in Boulder, Colorado (the "MAC Heitman Portfolio"), for $771.5 million, resulting in a gain on the sale of assets of $340.7 million. The sales price was funded by a cash payment of $478.6 million and the assumption of a pro rata share of the mortgage notes payable on the properties of $292.9 million. The Company used the cash proceeds from the sale to pay down its line of credit and for general corporate purposes. Upon completion of the sale of the ownership interest, the Company no longer has a controlling interest in the joint venture due to the substantive participation rights of the outside partner. Accordingly, the Company accounts for its investment in the MAC Heitman Portfolio under the equity method of accounting.
The sale of ownership interests in the PPR Portfolio, Arrowhead Towne Center and the MAC Heitman Portfolio are collectively referred to herein as the Joint Venture Transactions.
On March 1, 2016, the Company through a 50/50 joint venture, acquired Country Club Plaza, a 1,001,000 square foot regional shopping center in Kansas City, Missouri, for a purchase price of $660.0 million. The Company funded its pro rata share of $330.0 million with borrowings under its line of credit.
On April 13, 2016, the Company sold Capitola Mall, a 586,000 square foot regional shopping center in Capitola, California, for $93.0 million, resulting in a gain on the sale of assets of $24.9 million. The Company used the proceeds from the sale to pay down its line of credit and for general corporate purposes.
On May 31, 2016, the Company sold a former Mervyn's store in Yuma, Arizona, for $3.2 million, resulting in a loss on the sale of assets of $3.1 million. The Company used the proceeds from the sale to pay down its line of credit and for general corporate purposes.
On January 18, 2017, the Company sold Cascade Mall, a 589,000 square foot regional shopping center in Burlington, Washington; and Northgate Mall, a 750,000 square foot regional shopping center in San Rafael, California, in a combined transaction for $170.0 million, resulting in a gain on the sale of assets of $59.6 million. The proceeds were used to pay off the mortgage note payable on Northgate Mall and to repurchase shares of the Company's common stock under the 2017 Stock Buyback Program (See "Other Transactions and Events").
On March 17, 2017, the Company's joint venture in Country Club Plaza sold an office building for $78.0 million, resulting in a gain on sale of assets of $4.6 million. The Company's pro rata share of the gain on sale of assets of $2.3 million was included in equity in income of unconsolidated joint ventures. The Company used its share of the proceeds to fund repurchases under the 2017 Stock Buyback Program (See "Other Transactions and Events").
On September 18, 2017, the Company's joint venture in Fashion District Philadelphia sold an office building for $61.5 million, resulting in a gain on sale of assets of $13.1 million. The Company's pro rata share of the gain on sale of assets of $6.5 million was included in equity in income of unconsolidated joint ventures. The Company used its share of the proceeds to fund repurchases under the 2017 Stock Buyback Program (See "Other Transactions and Events").
On November 16, 2017, the Company sold 500 North Michigan Avenue, a 326,000 square foot office building in Chicago, Illinois for $86.4 million, resulting in a gain on sale of assets of $14.6 million. The Company used the proceeds from the sale to pay down its line of credit and for other general corporate purposes.
On December 14, 2017, the Company’s joint venture in Westcor/Queens Creek LLC sold land for $30.5 million, resulting in a gain on sale of assets of $14.9 million. The Company’s share of the gain on sale was $5.4 million, which was included in equity in income of unconsolidated joint ventures. The Company used its portion of the proceeds to pay down its line of credit and for general corporate purposes.
Financing Activity:
On February 3, 2015, the Company’s joint venture in The Market at Estrella Falls replaced the existing loan on the property with a new $26.5 million loan that bears interest at LIBOR plus 1.70% and matures on February 5, 2020, including the exercise of a one-year extension option.
On February 19, 2015, the Company placed a $280.0 million loan on Vintage Faire Mall that bears interest at an effective rate of 3.55% and matures on March 6, 2026.

43

On March 2, 2015, the Company paid off in full the loan on Lakewood Center, which resulted in a gain of $2.2 million on the early extinguishment of debt as a result of writing off the related debt premium. On May 12, 2015, the Company placed a new $410.0 million loan on the property that bears interest at an effective rate of 4.15% and matures on June 1, 2026. On October 30, 2015, a 40% interest in the loan was assumed by a third party in connection with the sale of a 40% ownership interest in the PPR Portfolio (See "Acquisitions and Dispositions").
On March 3, 2015, the Company amended the loan on Fashion Outlets of Chicago. The amended $200.0 million loan bears interest at LIBOR plus 1.50% and matures on March 31, 2020.
On October 5, 2015, the Company paid off in full the existing loan on Washington Square. On October 29, 2015, the Company placed a new $550.0 million loan on the property that bears interest at an effective rate of 3.65% and matures on November 1, 2022. On October 30, 2015, a 40% interest in the loan was assumed by a third party in connection with the sale of a 40% ownership interest in the PPR Portfolio (See "Acquisitions and Dispositions").
On October 23, 2015, the Company placed a $200.0 million loan on South Plains Mall that bears interest at an effective rate of 4.22% and matures on November 6, 2025. On October 30, 2015, a 40% interest in the loan was assumed by a third party in connection with the sale of a 40% ownership interest in the PPR Portfolio (See "Acquisitions and Dispositions").
On October 28, 2015, the Company's joint venture in The Shops at Atlas Park placed a $57.8 million loan on the property that bears interest at LIBOR plus 2.00% and matures on October 22, 2020, including two one-year extension options.
On October 30, 2015, the Company replaced the existing loan on Los Cerritos Center with a new $525.0 million loan that bears interest at an effective rate of 4.00% and matures on November 1, 2027, which resulted in a loss of $0.9 million on the early extinguishment of debt. Concurrently, a 40% interest in the loan was assumed by a third party in connection with the sale of a 40% ownership interest in the PPR Portfolio (See "Acquisitions and Dispositions").
On October 30, 2015, the Company obtained a $100.0 million term loan ("PPR Term Loan") that bears interest at LIBOR plus 1.20% and matures on October 31, 2022. Concurrently, a 40% interest in the loan was assumed by a third party in connection with the sale of a 40% ownership interest in the PPR Portfolio (See "Acquisitions and Dispositions").
On January 6, 2016, the Company replaced the existing loan on Arrowhead Towne Center with a new $400.0 million loan that bears interest at an effective rate of 4.05% and matures on February 1, 2028, which resulted in a loss of $3.6 million on the early extinguishment of debt. Concurrently, a 40% interest in the loan was assumed by a third party in connection with the sale of a 40% ownership interest in the underlying property (See "Acquisitions and Dispositions").
On January 14, 2016, the Company placed a $150.0 million loan on Twenty Ninth Street that bears interest at an effective rate of 4.10% and matures on February 6, 2026. Concurrently, a 49% interest in the loan was assumed by a third party in connection with the sale of a 49% ownership interest in the MAC Heitman Portfolio (See "Acquisitions and Dispositions").
On March 28, 2016, the Company's joint venture in Country Club Plaza placed a $320.0 million loan on the property that bears interest at an effective rate of 3.88% and matures on April 1, 2026. The Company used its share of the proceeds to pay down its line of credit and for general corporate purposes.
On May 27, 2016, the Company's joint venture in The Shops at North Bridge replaced the existing loan on the property with a new $375.0 million loan that bears interest at an effective rate of 3.71% and matures on June 1, 2028. The Company used its share of the excess proceeds to pay down its line of credit and for general corporate purposes.
On July 6, 2016, the Company modified and amended its line of credit. The amended $1.5 billion line of credit bears interest at LIBOR plus a spread of 1.30% to 1.90%, depending on the Company's overall leverage level, and matures on July 6, 2020 with a one-year extension option. Based on the Company's leverage level as of the amendment date, the initial borrowing rate on the facility was LIBOR plus 1.33%. The line of credit can be expanded, depending on certain conditions, up to a total facility of $2.0 billion.
On August 5, 2016, the Company’s joint venture in The Village at Corte Madera replaced the existing loan on the property with a new $225.0 million loan that bears interest at an effective rate of 3.53% and matures on September 1, 2028. The Company used its share of the excess proceeds to pay down its line of credit and for general corporate purposes.
On October 6, 2016, the Company placed a $325.0 million loan on Fresno Fashion Fair that bears interest at an effective rate of 3.67% and matures on November 1, 2026. The Company used the proceeds to pay down its line of credit and for general corporate purposes.

44

On February 1, 2017, the Company's joint venture in West Acres replaced the existing loan on the property with a new $80.0 million loan that bears interest at an effective rate of 4.61% and matures on March 1, 2032. The Company used its share of the excess proceeds to pay down its line of credit and for general corporate purposes.
On March 16, 2017, the Company's joint venture in Kierland Commons replaced the existing loan on the property with a new $225.0 million loan that bears interest at an effective rate of 3.98% and matures on April 1, 2027. The Company used its share of the excess proceeds to pay down its line of credit and for general corporate purposes.
On September 29, 2017, the Company placed a new $110.0 million loan on Green Acres Commons that bears interest at LIBOR plus 2.15% and matures on March 29, 2021, including extension options. The loan can be expanded, depending on certain conditions, up to $130.0 million. At December 31, 2017, the total interest rate was 4.07%. The Company used the proceeds to pay down its line of credit and for general corporate purposes.
On October 19, 2017, the Company's joint venture in Chandler Fashion Center and Freehold Raceway Mall replaced the existing loan on Freehold Raceway Mall with a new $400.0 million loan that bears interest at an effective rate of 3.94% and matures on November 1, 2029. The Company used its share of the net proceeds to pay down its line of credit and for general corporate purposes.
On November 1, 2017, the Company paid off in full the $95.0 million mortgage loan payable on Stonewood Center. The Company funded the repayment of the mortgage loan payable from borrowings under its line of credit.
On December 4, 2017, the Company replaced the existing loan on Santa Monica Place with a new $300.0 million loan that bears interest at LIBOR plus 1.35% and matures on December 9, 2022, including three one-year extension options. The loan is covered by an interest rate cap agreement that effectively prevents LIBOR from exceeding 4.00%. The Company used the net proceeds to pay down its line of credit and for general corporate purposes.
On January 22, 2018, the Company's joint venture in Fashion District Philadelphia obtained a $250.0 million term loan that bears interest at LIBOR plus 2.0% and matures on January 22, 2023. Concurrent with the loan closing, the joint venture borrowed $150.0 million on the term loan and expects to borrow the remaining $100.0 million in the first quarter of 2018. The Company used its share of the proceeds to pay down its line of credit and for general corporate purposes.
On February 5, 2018, the Company's joint venture in Broadway Plaza received a loan commitment for $450.0 million on the property at a fixed rate of 4.18% for twelve years. The loan is expected to close in the first quarter of 2018. The Company plans to use its share of the loan proceeds to pay down its line of credit.
Redevelopment and Development Activity:
The Company's joint venture is proceeding with the development of Fashion District Philadelphia, a redevelopment of an 850,000 square foot shopping center in Philadelphia, Pennsylvania. The project is expected to be completed in the fourth quarter of 2018. The total cost of the project is estimated to be between $305.0 million and $365.0 million, with $152.5 million to $182.5 million estimated to be the Company's pro rata share. The Company has funded $127.2 million of the total $254.4 million incurred by the joint venture as of December 31, 2017.
The Company is currently in the process of redeveloping a 250,000 square foot former Sears store at Kings Plaza Shopping Center.  The Company expects to complete the project in the second quarter of 2018.  As of December 31, 2017, the Company has incurred $63.6 million in costs and anticipates the total cost of the project to be between $95.0 million and $100.0 million.
Other Transactions and Events:
On March 9, 2015, the Company received an unsolicited, conditional proposal from Simon Property Group, Inc. (“Simon”) to acquire the Company. The Company’s Board of Directors, after consulting with its financial, real estate and legal advisors, unanimously determined that the Simon proposal substantially undervalued the Company and was not in the best interests of the Company and its stockholders. On March 20, 2015, the Company received a revised, unsolicited proposal to acquire the Company from Simon, which Simon described as its best and final proposal. The Company’s Board of Directors carefully reviewed the revised proposal with the assistance of its financial, real estate and legal advisors, and determined that the revised proposal continued to substantially undervalue the Company and that pursuing the proposed transaction at that time was not in the best interests of the Company and its stockholders.
On June 30, 2015, the Company conveyed Great Northern Mall, an 895,000 square foot regional shopping center in Clay, New York, to the mortgage lender by a deed-in-lieu of foreclosure and was discharged from the mortgage note payable. The mortgage note payable was a non-recourse loan. As a result, the Company recognized a loss of $1.6 million on the extinguishment of debt.

45

On September 30, 2015, the Company's Board of Directors authorized the repurchase of up to $1.2 billion of the Company's outstanding common shares over the period ending September 30, 2017, as market conditions warranted (the "2015 Stock Buyback Program"). On November 12, 2015, the Company entered into an accelerated share repurchase program ("ASR") to repurchase $400.0 million of the Company's common stock. In accordance with the ASR, the Company made a prepayment of $400.0 million and received an initial share delivery of 4,140,788 shares. On January 19, 2016, the ASR was completed and the Company received an additional delivery of 970,609 shares. The average price of the 5,111,397 shares repurchased under the ASR was $78.26 per share. The ASR was funded from proceeds in connection with the financing and sale of the ownership interest in the PPR Portfolio (See "Acquisitions and Dispositions" and "Financing Activity").
On October 30, 2015, the Company declared two special dividends/distributions ("Special Dividend"), each of $2.00 per share of common stock and per OP Unit. The first Special Dividend was paid on December 8, 2015 to stockholders and OP Unit holders of record on November 12, 2015.  The second Special Dividend was paid on January 6, 2016 to common stockholders and OP Unit holders of record on November 12, 2015. The Special Dividends were funded from proceeds in connection with the financing and sale of ownership interests in the PPR Portfolio and Arrowhead Towne Center (See "Acquisitions and Dispositions" and "Financing Activity").
On February 17, 2016, the Company entered into an ASR to repurchase $400.0 million of the Company's common stock. In accordance with the ASR, the Company made a prepayment of $400.0 million and received an initial share delivery of 4,222,193 shares. On April 19, 2016, the ASR was completed and the Company received delivery of an additional 861,235 shares. The average price of the 5,083,428 shares repurchased under the ASR was $78.69 per share. The ASR was funded from borrowings under the Company's line of credit, which had been paid down from the proceeds from the recently completed Joint Venture Transactions (See "Acquisitions and Dispositions" and "Financing Activity").
On May 9, 2016, the Company entered into an ASR to repurchase the remaining $400.0 million of the Company's common stock authorized for repurchase. In accordance with the ASR, the Company made a prepayment of $400.0 million and received an initial share delivery of 3,964,812 shares. On July 11, 2016, the ASR was completed and the Company received delivery of an additional 1,104,162 shares. The average price of the 5,068,974 shares repurchased under the ASR was $78.91 per share. The ASR was funded from borrowings under the Company's line of credit, which had been recently paid down from the proceeds from the recently completed Joint Venture Transactions (See "Acquisitions and Dispositions" and "Financing Activity"). The total number of shares repurchased under the 2015 Stock Buyback Program was 15,263,799 at an average price of $78.62.
On July 15, 2016, the Company conveyed Flagstaff Mall, a 347,000 square foot regional shopping center in Flagstaff, Arizona, to the mortgage lender by a deed-in-lieu of foreclosure and was discharged from the mortgage note payable. The mortgage note payable was a non-recourse loan. As a result, the Company recognized a gain of $5.3 million on the extinguishment of debt.
On February 12, 2017, the Company's Board of Directors authorized the repurchase of up to $500.0 million of its outstanding common shares as market conditions and the Company’s liquidity warrant. Repurchases may be made through open market purchases, privately negotiated transactions, structured or derivative transactions, including ASR transactions, or other methods of acquiring shares and pursuant to Rule 10b5-1 of the Securities Act of 1934, from time to time as permitted by securities laws and other legal requirements. During the period from February 12, 2017 to December 31, 2017, the Company repurchased a total of 3,627,390 of its common shares for $221.4 million, representing an average price of $61.01 per share. The Company funded the repurchases from the net proceeds of the sale of Cascade Mall and Northgate Mall (See "Acquisitions and Dispositions"), its share of the proceeds from the sale of office buildings at Fashion District Philadelphia and Country Club Plaza (See "Acquisitions and Dispositions") and from borrowings under its line of credit.
On February 1 and 2, 2018, the Company reduced its workforce by approximately 10 percent. The Company expects to incur total one-time charges of approximately $12 million in connection with this workforce reduction and will recognize all of these charges in the first quarter of 2018.  As a result of this workforce reduction, based on currently budgeted amounts, the Company anticipates expenses, exclusive of one-time charges, will be reduced by approximately $10 million for 2018.
Inflation:
In the last five years, inflation has not had a significant impact on the Company because of a relatively low inflation rate. Most of the leases at the Centers have rent adjustments periodically throughout the lease term. These rent increases are either in fixed increments or based on using an annual multiple of increases in the Consumer Price Index ("CPI"). In addition, approximately 5% to 15% of the leases for spaces 10,000 square feet and under expire each year, which enables the Company to replace existing leases with new leases at higher base rents if the rents of the existing leases are below the then existing market rate. The Company has generally entered into leases that require tenants to pay a stated amount for operating expenses,

46

generally excluding property taxes, regardless of the expenses actually incurred at any Center, which places the burden of cost control on the Company. Additionally, certain leases require the tenants to pay their pro rata share of operating expenses.
Seasonality:
The shopping center industry is seasonal in nature, particularly in the fourth quarter during the holiday season when retailer occupancy and retail sales are typically at their highest levels. In addition, shopping malls achieve a substantial portion of their specialty (temporary retailer) rents during the holiday season and the majority of percentage rent is recognized in the fourth quarter. As a result of the above, earnings are generally higher in the fourth quarter.
Critical Accounting Policies
The preparation of financial statements in conformity with generally accepted accounting principles ("GAAP") in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Some of these estimates and assumptions include judgments on revenue recognition, estimates for common area maintenance and real estate tax accruals, provisions for uncollectible accounts, impairment of long-lived assets, the allocation of purchase price between tangible and intangible assets, capitalization of costs and fair value measurements. The Company's significant accounting policies are described in more detail in Note 2—Summary of Significant Accounting Policies in the Company's Notes to the Consolidated Financial Statements. However, the following policies are deemed to be critical.
Revenue Recognition:
Minimum rental revenues are recognized on a straight-line basis over the term of the related lease. The difference between the amount of rent due in a year and the amount recorded as rental income is referred to as the "straight line rent adjustment." Currently, 48% of the leases contain provisions for CPI rent increases periodically throughout the term of the lease. Percentage rents are recognized when the tenants' specified sales targets have been met. Estimated recoveries from certain tenants for their pro rata share of real estate taxes, insurance and other shopping center operating expenses are recognized as revenues in the period the applicable expenses are incurred. Other tenants pay a fixed rate and these tenant recoveries are recognized as revenues on a straight-line basis over the term of the related leases.
Property:
Maintenance and repair expenses are charged to operations as incurred. Costs for major replacements and betterments, which includes HVAC equipment, roofs, parking lots, etc., are capitalized and depreciated over their estimated useful lives. Gains and losses are recognized upon disposal or retirement of the related assets and are reflected in earnings.
Property is recorded at cost and is depreciated using a straight-line method over the estimated useful lives of the assets as follows:
Buildings and improvements
5 - 40 years
Tenant improvements
5 - 7 years
Equipment and furnishings
5 - 7 years

Capitalization of Costs:
The Company capitalizes costs incurred in redevelopment, development, renovation and improvement of properties. The capitalized costs include pre-construction costs essential to the development of the property, development costs, construction costs, interest costs, real estate taxes, salaries and related costs and other costs incurred during the period of development. These capitalized costs include direct and certain indirect costs clearly associated with the project. Indirect costs include real estate taxes, insurance and certain shared administrative costs. In assessing the amounts of direct and indirect costs to be capitalized, allocations are made to projects based on estimates of the actual amount of time spent on each activity. Indirect costs not clearly associated with specific projects are expensed as period costs. Capitalized indirect costs are allocated to development and redevelopment activities based on the square footage of the portion of the building not held available for immediate occupancy. If costs and activities incurred to ready the vacant space cease, then cost capitalization is also discontinued until such activities are resumed. Once work has been completed on a vacant space, project costs are no longer capitalized. For projects with extended lease-up periods, the Company ends the capitalization when significant activities have

47

ceased, which does not exceed the shorter of a one-year period after the completion of the building shell or when the construction is substantially complete.
Acquisitions:
The Company allocates the estimated fair value of acquisitions to land, building, tenant improvements and identified intangible assets and liabilities, based on their estimated fair values. In addition, any assumed mortgage notes payable are recorded at their estimated fair values. The estimated fair value of the land and buildings is determined utilizing an “as if vacant” methodology. Tenant improvements represent the tangible assets associated with the existing leases valued on a fair value basis at the acquisition date prorated over the remaining lease terms. The tenant improvements are classified as an asset under property and are depreciated over the remaining lease terms. Identifiable intangible assets and liabilities relate to the value of in-place operating leases which come in three forms: (i) leasing commissions and legal costs, which represent the value associated with “cost avoidance” of acquiring in-place leases, such as lease commissions paid under terms generally experienced in the Company's markets; (ii) value of in-place leases, which represents the estimated loss of revenue and of costs incurred for the period required to lease the “assumed vacant” property to the occupancy level when purchased; and (iii) above or below-market value of in-place leases, which represents the difference between the contractual rents and market rents at the time of the acquisition, discounted for tenant credit risks. Leasing commissions and legal costs are recorded in deferred charges and other assets and are amortized over the remaining lease terms. The value of in-place leases are recorded in deferred charges and other assets and amortized over the remaining lease terms plus any below-market fixed rate renewal options. Above or below-market leases are classified in deferred charges and other assets or in other accrued liabilities, depending on whether the contractual terms are above or below-market, and the asset or liability is amortized to minimum rents over the remaining terms of the leases. The remaining lease terms of below-market leases may include certain below-market fixed-rate renewal periods. In considering whether or not a lessee will execute a below-market fixed-rate lease renewal option, the Company evaluates economic factors and certain qualitative factors at the time of acquisition such as tenant mix in the Center, the Company's relationship with the tenant and the availability of competing tenant space. The initial allocation of purchase price is based on management's preliminary assessment, which may change when final information becomes available. Subsequent adjustments made to the initial purchase price allocation are made within the allocation period, which does not exceed one year. The purchase price allocation is described as preliminary if it is not yet final. The use of different assumptions in the allocation of the purchase price of the acquired assets and liabilities assumed could affect the timing of recognition of the related revenues and expenses.
The Company immediately expenses costs associated with business combinations as period costs.
Remeasurement gains are recognized when the Company obtains control of an existing equity method investment to the extent that the fair value of the existing equity investment exceeds the carrying value of the investment.
Asset Impairment:
The Company assesses whether an indicator of impairment in the value of its properties exists by considering expected future operating income, trends and prospects, as well as the effects of demand, competition and other economic factors. Such factors include projected rental revenue, operating costs and capital expenditures as well as estimated holding periods and capitalization rates. If an impairment indicator exists, the determination of recoverability is made based upon the estimated undiscounted future net cash flows, excluding interest expense. The amount of impairment loss, if any, is determined by comparing the fair value, as determined by a discounted cash flows analysis, with the carrying value of the related assets. The Company generally holds and operates its properties long-term, which decreases the likelihood of their carrying values not being recoverable. Properties classified as held for sale are measured at the lower of the carrying amount or fair value less cost to sell.
The Company reviews its investments in unconsolidated joint ventures for a series of operating losses and other factors that may indicate that a decrease in the value of its investments has occurred which is other-than-temporary. The investment in each unconsolidated joint venture is evaluated periodically, and as deemed necessary, for recoverability and valuation declines that are other-than-temporary.
Fair Value of Financial Instruments:
The fair value hierarchy distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity and the reporting entity's own assumptions about market participant assumptions.
Level 1 inputs utilize quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs may include quoted prices for similar assets and liabilities in active markets, as well as inputs that are observable for the asset or liability (other than quoted prices), such as interest rates, foreign exchange rates and

48

yield curves that are observable at commonly quoted intervals. Level 3 inputs are unobservable inputs for the asset or liability, which is typically based on an entity's own assumptions, as there is little, if any, related market activity. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability.
The Company calculates the fair value of financial instruments and includes this additional information in the notes to consolidated financial statements when the fair value is different than the carrying value of those financial instruments. When the fair value reasonably approximates the carrying value, no additional disclosure is made.
Deferred Charges:
Costs relating to obtaining tenant leases are deferred and amortized over the initial term of the agreement using the straight-line method. As these deferred leasing costs represent productive assets incurred in connection with the Company's provision of leasing arrangements at the Centers, the related cash flows are classified as investing activities within the Company's consolidated statements of cash flows. Costs relating to financing of shopping center properties are deferred and amortized over the life of the related loan using the straight-line method, which approximates the effective interest method. The ranges of the terms of the agreements are as follows:
Deferred lease costs
1 - 15 years
Deferred financing costs
1 - 15 years

Results of Operations
Many of the variations in the results of operations, discussed below, occurred because of the transactions affecting the Company's properties described above, including those related to the Redevelopment Properties, the Joint Venture Centers and the Disposition Properties (as defined below).
For purposes of the discussion below, the Company defines "Same Centers" as those Centers that are substantially complete and in operation for the entirety of both periods of the comparison. Non-Same Centers for comparison purposes include those Centers or properties that are going through a substantial redevelopment often resulting in the closing of a portion of the Center (“Redevelopment Properties”), those properties that have recently transitioned to or from equity method joint ventures to consolidated assets ("Joint Venture Centers") and properties that have been disposed of ("Disposition Properties"). The Company moves a Center in and out of Same Centers based on whether the Center is substantially complete and in operation for the entirety of both periods of the comparison. Accordingly, the Same Centers consist of all consolidated Centers, excluding the Redevelopment Properties, the Joint Venture Centers and the Disposition Properties for the periods of comparison.
For the comparison of the year ended December 31, 2017 to the year ended December 31, 2016 and the comparison of the year ended December 31, 2016 to the year ended December 31, 2015, the Redevelopment Properties are the expansion portion of Green Acres Mall, Paradise Valley Mall and Westside Pavilion.
For the comparison of the year ended December 31, 2017 to the year ended December 31, 2016, the Joint Venture Centers are Arrowhead Towne Center and the MAC Heitman Portfolio. For the comparison of the year ended December 31, 2016 to the year ended December 31, 2015, the Joint Venture Centers are Inland Center, the PPR Portfolio, Arrowhead Towne Center and the MAC Heitman Portfolio. The change in revenues and expenses at the Joint Venture Centers for the comparison of the year ended December 31, 2017 to the year ended December 31, 2016 is primarily due to the conversion of Arrowhead Towne Center and the MAC Heitman Portfolio from Consolidated Centers to Unconsolidated Joint Venture Centers. The change in revenues and expenses at the Joint Venture Centers for the comparison of the year ended December 31, 2016 to the year ended December 31, 2015 is primarily due to the conversion of the PPR Portfolio, Arrowhead Towne Center and the MAC Heitman Portfolio from Consolidated Centers to Unconsolidated Joint Venture Centers.
For comparison of the year ended December 31, 2017 to the year ended December 31, 2016, the Disposition Properties are 500 North Michigan Avenue, Cascade Mall, Northgate Mall, Flagstaff Mall and Capitola Mall. For the comparison of the year ended December 31, 2016 to the year ended December 31, 2015, the Disposition Properties are Flagstaff Mall, Capitola Mall, Panorama Mall and Great Northern Mall.

49

Unconsolidated joint ventures are reflected using the equity method of accounting. The Company's pro rata share of the results from these Centers is reflected in the consolidated statements of operations as equity in income of unconsolidated joint ventures.
The Company considers tenant annual sales per square foot (for tenants in place for a minimum of 12 months or longer and 10,000 square feet and under) for regional shopping centers, occupancy rates (excluding large retail stores or "Anchors") for the Centers and releasing spreads (i.e. a comparison of initial average base rent per square foot on leases executed during the trailing twelve months to average base rent per square foot at expiration for the leases expiring during the year based on the spaces 10,000 square feet and under) to be key performance indicators of the Company's internal growth.
Tenant sales per square foot increased from $630 for the twelve months ended December 31, 2016 to $660 for the twelve months ended December 31, 2017. Occupancy rate decreased from 95.4% at December 31, 2016 to 95.0% at December 31, 2017. Releasing spreads increased 15.2% for the twelve months ended December 31, 2017. These calculations exclude Centers under development or redevelopment and property dispositions (See "Acquisitions and Dispositions" and "Other Transactions and Events" in Management's Overview and Summary).
Releasing spreads remained positive as the Company was able to lease available space at average higher rents than the expiring rental rates, resulting in a releasing spread of $7.81 per square foot ($59.20 on new and renewal leases executed compared to $51.39 on leases expiring), representing a 15.2% increase for the trailing twelve months ended December 31, 2017. The Company expects that releasing spreads will continue to be positive for 2018 as it renews or relets leases that are scheduled to expire. These leases that are scheduled to expire represent approximately 982,000 square feet of the Centers, accounting for 13.1% of the GLA of mall stores and freestanding stores, for spaces 10,000 square feet and under, as of December 31, 2017.
During the trailing twelve months ended December 31, 2017, the Company signed 229 new leases and 382 renewal leases comprising approximately 1.0 million square feet of GLA, of which 0.7 million square feet related to the consolidated Centers. The annual initial average base rent for new and renewal leases was $59.20 per square foot for the trailing twelve months ended December 31, 2017 with an average tenant allowance of $23.24 per square foot.
Comparison of Years Ended December 31, 2017 and 2016
Revenues:
Minimum and percentage rents (collectively referred to as "rental revenue") decreased by $26.0 million, or 4.1%, from 2016 to 2017. The decrease in rental revenue is attributed to a decrease of $18.3 million from the Disposition Properties, $17.7 million from the Redevelopment Properties and $3.3 million from the Joint Venture Centers offset in part by an increase of $13.3 million from the Same Centers. The increase in rental revenue at the Same Centers is primarily due to an increase in lease termination income and an increase in leasing spreads.
Rental revenue includes the amortization of above and below-market leases, the amortization of straight-line rents and lease termination income. The amortization of above and below-market leases decreased from $12.8 million in 2016 to $1.0 million in 2017. The decrease in amortization of above and below-market leases is primarily due to the early termination of tenant leases in 2016. The amortization of straight-line rents increased from $5.2 million in 2016 to $8.6 million in 2017. Lease termination income decreased from $19.2 million in 2016 to $18.1 million in 2017.
Tenant recoveries decreased $22.0 million, or 7.2%, from 2016 to 2017. The decrease in tenant recoveries is attributed to a decrease of $9.3 million from the Same Centers, $8.3 million from the Disposition Properties, $2.8 million from the Redevelopment Properties and $1.6 million from the Joint Venture Centers. The decrease in tenant recoveries from the Same Centers is primarily due to a decrease in property tax expense and utility cost.
Management Companies' revenue increased from $39.5 million in 2016 to $43.4 million in 2017. The increase in Management Companies' revenue is due to an increase in development and leasing fees from joint ventures.
Shopping Center and Operating Expenses:
Shopping center and operating expenses decreased $12.4 million, or 4.0%, from 2016 to 2017. The decrease in shopping center and operating expenses is attributed to a decrease of $11.5 million from the Disposition Properties, $1.3 million from the Redevelopment Properties and $0.8 million from the Joint Venture Centers offset in part by an increase of $1.2 million from the Same Centers.
Management Companies' Operating Expenses:
Management Companies' operating expenses increased $1.8 million from 2016 to 2017.

50

REIT General and Administrative Expenses:
REIT general and administrative expenses were $28.2 million for 2016 and 2017.
Depreciation and Amortization:
Depreciation and amortization decreased $13.1 million from 2016 to 2017. The decrease in depreciation and amortization is primarily attributed to a decrease of $10.5 million from the Disposition Properties, $4.4 million from the Same Centers and $1.5 million from the Joint Venture Centers offset in part by an increase of $3.3 million from the Redevelopment Properties.
Interest Expense:
Interest expense increased $8.1 million from 2016 to 2017. The increase in interest expense is primarily attributed to an increase of $6.8 million from borrowings under the line of credit, $5.4 million from the Same Centers and $0.2 million from the Redevelopment Properties offset in part by a decrease of $3.4 million from the Disposition Properties and $0.9 million from the Joint Venture Centers. The increase in interest expense at the Same Centers is primarily due to a new loan on Fresno Fashion Fair in 2016 (See "Financing Activity" in Management's Overview and Summary).
The above interest expense items are net of capitalized interest, which increased from $10.3 million in 2016 to $13.2 million in 2017.
Gain on Extinguishment of Debt, net:
Gain on extinguishment of debt, net decreased $1.7 million from 2016 to 2017. The decrease in gain on extinguishment of debt is due to the gain of $5.3 million on the settlement of the mortgage note payable on Flagstaff Mall by a deed-in-lieu of foreclosure in 2016 (See “Other Transactions and Events” in Management’s Overview and Summary) offset in part by a loss of $3.6 million on the early extinguishment of debt on Arrowhead Towne Center in 2016 (See “Financing Activities” in Management’s Overview and Summary).
Equity in Income of Unconsolidated Joint Ventures:
Equity in income of unconsolidated joint ventures increased $28.6 million from 2016 to 2017. The increase is primarily due to the conversion of Arrowhead Towne Center and the MAC Heitman Portfolio from Consolidated Centers to Unconsolidated Joint Venture Centers in 2016 (See "Acquisitions and Dispositions" in Management's Overview and Summary), the Company's share of the gain on the sales of office buildings at Fashion District Philadelphia and Country Club Plaza in 2017 (See "Acquisitions and Dispositions" in Management's Overview and Summary) and the Company's shares of the gain on land sales at other joint ventures in 2017.
Gain on Sale or Write down of Assets, net:
Gain on sale or write down of assets, net decreased $372.9 million from 2016 to 2017. The decrease is primarily due to the gain of $467.2 million on the sales of ownership interests in Arrowhead Towne Center and the MAC Heitman Portfolio in 2016 and the sale of Capitola Mall in 2016 (See "Acquisitions and Dispositions" in Management's Overview and Summary) offset in part by the gain of $74.2 million on the sales of Cascade Mall, Northgate Mall and 500 North Michigan Avenue in 2017 (See "Acquisitions and Dispositions" in Management's Overview and Summary).
Net Income:
Net income decreased $393.2 million from 2016 to 2017. The decrease in net income is primarily attributed to a decrease of $372.9 million from gain on sale or write down of assets, net as discussed above.
Funds From Operations ("FFO"):
Primarily as a result of the factors mentioned above, FFO—diluted decreased 9.3% from $642.3 million in 2016 to $582.9 million 2017. For a reconciliation of FFO and FFO—diluted to net income available to common stockholders, the most directly comparable GAAP financial measure, see "Funds From Operations ("FFO")" below.
Operating Activities:
Cash provided by operating activities decreased from $429.5 million in 2016 to $386.4 million in 2017. The decrease is primarily due to changes in assets and liabilities and the results as discussed above.

51

Investing Activities:
Cash provided by investing activities decreased $266.2 million from 2016 to 2017. The decrease in cash provided by investing activities was primarily due to a decrease in proceeds from the sale of assets of $469.0 million and a decrease in distributions from unconsolidated joint ventures of $176.1 million offset in part by a decrease in contributions to unconsolidated joint ventures of $312.9 million and a decrease in development, redevelopment and renovations of $51.3 million.
The decrease in cash proceeds from the sale of assets is attributed to the sales of ownership interests in Arrowhead Towne Center and the MAC Heitman Portfolio in 2016 and the sale of Capitola Mall in 2016 offset in part by the sale of Cascade Mall, Northgate Mall and 500 North Michigan Avenue in 2017 (See "Acquisitions and Dispositions" in Management's Overview and Summary). The decrease in contributions to unconsolidated joint ventures is primarily due to the acquisition of the 50% ownership interest in Country Club Plaza in 2016 (See "Acquisitions and Dispositions" in Management's Overview and Summary).
Financing Activities:
Cash used in financing activities decreased $298.8 million from 2016 to 2017. The decrease in cash used in financing activities is primarily due to a decrease in payments on mortgages, bank and other notes payable of $1.2 billion, a decrease in the repurchases of the Company's common stock of $578.6 million (See "Other Transactions and Events" in Management's Overview and Summary) and a decrease in cash dividends and distributions of $335.5 million offset in part by a decrease in proceeds from mortgages, bank and other notes payable of $1.8 billion and an increase in distributions to co-venture partner of $85.6 million.
Comparison of Years Ended December 31, 2016 and 2015
Revenues:
Rental revenue decreased by $148.1 million, or 18.9%, from 2015 to 2016. The decrease in rental revenue is attributed to a decrease of $179.3 million from the Joint Venture Centers and $15.4 million from the Disposition Properties offset in part by an increase of $44.9 million from the Same Centers and $1.7 million from the Redevelopment Properties. The increase in rental revenue as the Same Centers is primarily due to an increase in lease termination income, as provided below, and an increase in leasing spreads.
The amortization of above and below-market leases decreased from $16.5 million in 2015 to $12.8 million in 2016 primarily due to the Joint Venture Centers. The amortization of straight-line rents decreased from $7.2 million in 2015 to $5.2 million in 2016. Lease termination income increased from $9.7 million in 2015 to $19.2 million in 2016.
Tenant recoveries decreased $109.8 million, or 26.5%, from 2015 to 2016. The decrease in tenant recoveries is attributed to a decrease of $88.5 million from the Joint Venture Centers, $13.6 million from the Same Centers, $6.8 million from the Disposition Properties and $0.9 million from the Redevelopment Properties.
Management Companies' revenue increased from $26.3 million in 2015 to $39.5 million in 2016. The increase in Management Companies' revenue is due to an increase in management fees as a result of the conversion of the PPR Portfolio, Arrowhead Towne Center and the MAC Heitman Portfolio from consolidated Centers to unconsolidated joint ventures (See "Acquisitions and Dispositions" in Management's Overview and Summary) and an increase in development and leasing fees from other joint ventures.
Shopping Center and Operating Expenses:
Shopping center and operating expenses decreased $72.2 million, or 19.0%, from 2015 to 2016. The decrease in shopping center and operating expenses is attributed to a decrease of $69.5 million from the Joint Venture Centers and $8.1 million from the Disposition Properties offset in part by an increase of $5.1 million from the Same Centers and $0.3 million from the Redevelopment Properties. The increase in shopping center and operating expenses at the Same Centers is primarily due to an increase in property tax expense.
Management Companies' Operating Expenses:
Management Companies' operating expenses increased $6.0 million from 2015 to 2016 due to the conversion of the PPR Portfolio, Arrowhead Towne Center and the MAC Heitman Portfolio from consolidated Centers to unconsolidated joint ventures (See "Acquisitions and Dispositions" in Management's Overview and Summary) and an increase in share and unit-based compensation costs.

52

REIT General and Administrative Expenses:
REIT general and administrative expenses decreased by $1.7 million from 2015 to 2016.
Costs related to Unsolicited Takeover Offer:
The Company incurred $25.2 million in costs in 2015 related to evaluating and responding to an unsolicited takeover offer (See "Other Transactions and Events" in Management's Overview and Summary).
Depreciation and Amortization:
Depreciation and amortization decreased $116.0 million from 2015 to 2016. The decrease in depreciation and amortization is primarily attributed to a decrease of $116.8 million from the Joint Venture Centers and $5.5 million from the Disposition Properties offset in part by an increase of $4.3 million from the Same Centers and $2.0 million from the Redevelopment Properties.
Interest Expense:
Interest expense decreased $48.3 million from 2015 to 2016. The decrease in interest expense is primarily attributed to a decrease of $34.9 million from the Joint Venture Centers, $9.3 million from the Same Centers, $2.3 million from a term loan, $1.9 million from the Disposition Properties and $1.0 million from the Redevelopment Properties offset in part by an increase of $1.1 million from borrowings under the line of credit. The decrease in interest expense at the Same Centers is primarily due to the payoff of the mortgage notes payable on Eastland Mall, Valley Mall and Valley River Center in 2015 offset in part by a new loan on Fresno Fashion Fair in 2016 (See "Financing Activity" in Management's Overview and Summary).
The above interest expense items are net of capitalized interest, which decreased from $13.1 million in 2015 to $10.3 million in 2016.
Equity in Income of Unconsolidated Joint Ventures:
Equity in income of unconsolidated joint ventures increased $11.8 million from 2015 to 2016. The increase is primarily due to the opening of the Hyatt Regency Tysons Corner Center and VITA Tysons Corner Center in 2015 and the conversion of the PPR Portfolio, Arrowhead Towne Center and the MAC Heitman Portfolio from consolidated Centers to unconsolidated joint ventures (See "Acquisitions and Dispositions" in Management's Overview and Summary).
Gain on Sale or Write down of Assets, net:
Gain on sale or write down of assets, net increased $37.1 million from 2015 to 2016. The increase in gain on sale of assets is primarily due to the increase in gain of $82.4 million on the Joint Venture Transactions and the sale of properties (See "Acquisitions and Dispositions" in Management's Overview and Summary) offset in part by an increase in impairment loss of $29.7 million and a charge of $12.2 million from the settlement of a contingent consideration obligation in 2016.
Gain on Remeasurement of Assets:
The gain on remeasurement of assets of $22.1 million in 2015 is attributed to the purchase of the remaining 50% ownership interest in Inland Center that the Company did not previously own (See "Acquisitions and Dispositions" in Management's Overview and Summary).
Net Income:
Net income increased $31.9 million from 2015 to 2016. The increase in net income is primarily attributed to an increase of $37.1 million from gain on sale or write down of assets as discussed above.
Funds From Operations:
Primarily as a result of the factors mentioned above, FFO—diluted was $642.3 million in 2015 and 2016. For a reconciliation of FFO and FFO—diluted to net income available to common stockholders, the most directly comparable GAAP financial measure, see "Funds From Operations ("FFO")" below.
Operating Activities:
Cash provided by operating activities decreased from $555.0 million in 2015 to $429.5 million in 2016. The decrease is primarily due to the conversion of the PPR Portfolio, Arrowhead Towne Center and the MAC Heitman Portfolio from consolidated Centers to unconsolidated joint ventures (See "Acquisitions and Dispositions" in Management's Overview and Summary), changes in assets and liabilities and the results as discussed above.

53

Investing Activities:
Cash provided by investing activities increased $544.1 million from 2015 to 2016. The increase in cash provided by investing activities was primarily due to an increase in distributions from unconsolidated joint ventures of $338.5 million, an increase in proceeds from the sale of assets of $77.4 million, a decrease in development, redevelopment and renovations of $60.7 million, a decrease in acquisition of property of $26.3 million and a decrease in restricted cash of $19.9 million.
The increase in distributions from unconsolidated joint ventures is primarily due to the receipt of the Company's share of the net proceeds from the loans placed on Country Club Plaza, The Shops at North Bridge and The Village at Corte Madera in 2016 (See "Financing Activity" in Management's Overview and Summary).
Financing Activities:
Cash used in financing activities increased $412.8 million from 2015 to 2016. The increase in cash used in financing activities was primarily due to a decrease in proceeds from mortgages, bank and other notes payable of $879.5 million and an increase in the repurchases of the Company's common stock of $399.9 million (See "Other Transactions" in Management's Overview and Summary) offset in part by a decrease in payments on mortgages, bank and other notes payable of $846.3 million.
Liquidity and Capital Resources
The Company anticipates meeting its liquidity needs for its operating expenses and debt service and dividend requirements for the next twelve months through cash generated from operations, working capital reserves and/or borrowings under its unsecured line of credit.
The following tables summarize capital expenditures and lease acquisition costs incurred at the Centers (at the Company's pro rata share) for the years ended December 31:
(Dollars in thousands)
2017
 
2016
 
2015
Consolidated Centers:
 
 
 
 
 
Acquisitions of property and equipment
$
38,153

 
$
56,759

 
$
79,753

Development, redevelopment, expansion and renovation of Centers
152,095

 
183,220

 
218,741

Tenant allowances
11,484

 
19,229

 
30,368

Deferred leasing charges
26,526

 
24,845

 
26,835

 
$
228,258

 
$
284,053

 
$
355,697

Joint Venture Centers (at Company's pro rata share):
 
 
 
 
 
Acquisitions of property and equipment
$
16,069

 
$
349,819

 
$
160,001

Development, redevelopment, expansion and renovation of Centers
121,787

 
101,124

 
132,924

Tenant allowances
6,779

 
11,271

 
6,285

Deferred leasing charges
6,154

 
7,070

 
3,348

 
$
150,789

 
$
469,284

 
$
302,558

The Company expects amounts to be incurred during the next twelve months for tenant allowances and deferred leasing charges to be comparable or less than 2017 and that capital for those expenditures will be available from working capital, cash flow from operations, borrowings on property specific debt or unsecured corporate borrowings. The Company expects to incur between $200 million and $300 million during the next twelve months for development, redevelopment, expansion and renovations. Capital for these major expenditures, developments and/or redevelopments has been, and is expected to continue to be, obtained from a combination of debt or equity financings, which are expected to include borrowings under the Company's line of credit and construction loans.
The Company has also generated liquidity in the past, and may continue to do so in the future, through equity offerings and issuances, property refinancings, joint venture transactions and the sale of non-core assets. For example, the Company's recently completed sale of Cascade Mall, Northgate Mall and 500 North Michigan Avenue (See "Acquisitions and Dispositions" in Management's Overview and Summary), sales of office buildings at Fashion District Philadelphia and Country Club Plaza in 2017 (See "Acquisitions and Dispositions" in Management's Overview and Summary) and the Joint Venture Transactions (See "Acquisitions and Dispositions" in Management's Overview and Summary), which included new debt or refinancings of existing debt on the properties (See "Financing Activities" in Management's Overview and Summary). The Company used these proceeds to pay down its line of credit, fund the Special Dividend (See "Other Transactions and Events" in

54

Management's Overview and Summary) and for other general corporate purposes, which included the repurchases of the Company's common stock under the 2015 Stock Buyback Program, which was completed in May 2016, and the 2017 Stock Buyback Program (See "Other Transactions and Events" in Management's Overview and Summary). Furthermore, the Company has filed a shelf registration statement, which registered an unspecified amount of common stock, preferred stock, depositary shares, debt securities, warrants, rights, stock purchase contracts and units that may be sold from time to time by the Company. The Company expects any additional repurchases of the Company's common stock under the 2017 Stock Buyback Program to be funded by future sales of non-core assets, borrowings under its line of credit and/or refinancing transactions.
The capital and credit markets can fluctuate and, at times, limit access to debt and equity financing for companies. As demonstrated by the Company's recent activity as discussed below, the Company has been able to access capital; however, there is no assurance the Company will be able to do so in future periods or on similar terms and conditions. Many factors impact the Company's ability to access capital, such as its overall debt level, interest rates, interest coverage ratios and prevailing market conditions. In the event that the Company has significant tenant defaults as a result of the overall economy and general market conditions, the Company could have a decrease in cash flow from operations, which could result in increased borrowings under its line of credit. These events could result in an increase in the Company's proportion of floating rate debt, which would cause it to be subject to interest rate fluctuations in the future.
The Company had an equity distribution agreement with a number of sales agents (the "ATM Program") to issue and sell, from time to time, shares of common stock, par value $0.01 per share, having an aggregate offering price of up to $500 million. The ATM Program expired by its terms in August 2017. The Company did not sell any shares under the ATM Program.
The Company's total outstanding loan indebtedness at December 31, 2017 was $7.7 billion (consisting of $5.2 billion of consolidated debt, less $319.6 million of noncontrolling interests, plus $2.8 billion of its pro rata share of unconsolidated joint venture debt). The majority of the Company's debt consists of fixed-rate conventional mortgage notes collateralized by individual properties. The Company expects that all of the maturities during the next twelve months will be refinanced, restructured, extended and/or paid off from the Company's line of credit or cash on hand.
The Company believes that the pro rata debt provides useful information to investors regarding its financial condition because it includes the Company’s share of debt from unconsolidated joint ventures and, for consolidated debt, excludes the Company’s partners’ share from consolidated joint ventures, in each case presented on the same basis. The Company has several significant joint ventures and presenting its pro rata share of debt in this manner can help investors better understand the Company’s financial condition after taking into account our economic interest in these joint ventures. The Company’s pro rata share of debt should not be considered as a substitute for the Company’s total consolidated debt determined in accordance with GAAP or any other GAAP financial measures and should only be considered together with and as a supplement to the Company’s financial information prepared in accordance with GAAP.
The Company has a $1.5 billion revolving line of credit facility that bears interest at LIBOR plus a spread of 1.30% to 1.90%, depending on the Company's overall leverage level, and matures on July 6, 2020 with a one-year extension option. The line of credit can be expanded, depending on certain conditions, up to a total facility of $2.0 billion. All obligations under the facility are unconditionally guaranteed only by the Company. Based on the Company's leverage level as of December 31, 2017, the borrowing rate on the facility was LIBOR plus 1.45%. At December 31, 2017, total borrowings under the line of credit were $935.0 million less unamortized deferred finance costs of $7.5 million with a total interest rate of 3.13%.
Cash dividends and distributions for the year ended December 31, 2017 were $443.8 million. A total of $386.4 million was funded by operations. The remaining $57.5 million was funded from distributions from unconsolidated joint ventures, which were included in the cash flows from investing activities section of the Company's Consolidated Statement of Cash Flows.
At December 31, 2017, the Company was in compliance with all applicable loan covenants under its agreements.
At December 31, 2017, the Company had cash and cash equivalents of $91.0 million.
Off-Balance Sheet Arrangements:
The Company accounts for its investments in joint ventures that it does not have a controlling interest or is not the primary beneficiary using the equity method of accounting and those investments are reflected on the consolidated balance sheets of the Company as investments in unconsolidated joint ventures.
Additionally, as of December 31, 2017, the Company is contingently liable for $60.6 million in letters of credit guaranteeing performance by the Company of certain obligations relating to the Centers. The Company does not believe that these letters of credit will result in a liability to the Company.

55

Contractual Obligations:
The following is a schedule of contractual obligations as of December 31, 2017 for the consolidated Centers over the periods in which they are expected to be paid (in thousands):
 
 
Payment Due by Period
Contractual Obligations
 
Total
 
Less than
1 year
 
1 - 3 years
 
3 - 5 years
 
More than
five years
Long-term debt obligations (includes expected interest payments)(1)
 
$
5,980,666

 
$
211,086

 
$
1,598,052

 
$
2,339,246

 
$
1,832,282

Operating lease obligations(2)
 
255,350

 
10,461

 
18,685

 
18,020

 
208,184

Purchase obligations(2)
 
40,121

 
40,121

 
—

 
—

 
—

Other liabilities
 
319,029

 
231,331

 
17,581

 
19,989

 
50,128

 
 
$
6,595,166

 
$
492,999

 
$
1,634,318

 
$
2,377,255

 
$
2,090,594

_______________________________________________________________________________
(1)
Interest payments on floating rate debt were based on rates in effect at December 31, 2017.
(2)
See Note 17—Commitments and Contingencies in the Company's Notes to the Consolidated Financial Statements.

Funds From Operations ("FFO")
The Company uses FFO in addition to net income to report its operating and financial results and considers FFO and FFO-diluted as supplemental measures for the real estate industry and a supplement to Generally Accepted Accounting Principles ("GAAP") measures. The National Association of Real Estate Investment Trusts ("NAREIT") defines FFO as net income (loss) (computed in accordance with GAAP), excluding gains (or losses) from extraordinary items and sales of depreciated operating properties, plus real estate related depreciation and amortization, impairment write-downs of real estate and write-downs of investments in an affiliate where the write-downs have been driven by a decrease in the value of real estate held by the affiliate and after adjustments for unconsolidated joint ventures. Adjustments for unconsolidated joint ventures are calculated to reflect FFO on the same basis. The Company also presents FFO excluding early extinguishment of debt, net and costs related to unsolicited takeover offer.
FFO and FFO on a diluted basis are useful to investors in comparing operating and financial results between periods. This is especially true since FFO excludes real estate depreciation and amortization, as the Company believes real estate values fluctuate based on market conditions rather than depreciating in value ratably on a straight-line basis over time. The Company believes that such a presentation also provides investors with a more meaningful measure of its operating results in comparison to the operating results of other REITs. The Company believes that FFO excluding extinguishment of debt, net and costs related to unsolicited take over offer provides useful supplemental information regarding the Company's performance as it shows a more meaningful and consistent comparison of the Company's operating performance and allows investors to more easily compare the Company's results. The Company believes that FFO on a diluted basis is a measure investors find most useful in measuring the dilutive impact of outstanding convertible securities.
The Company believes that FFO does not represent cash flow from operations as defined by GAAP, should not be considered as an alternative to net income as defined by GAAP, and is not indicative of cash available to fund all cash flow needs. The Company also cautions that FFO, as presented, may not be comparable to similarly titled measures reported by other real estate investment trusts.
Management compensates for the limitations of FFO by providing investors with financial statements prepared according to GAAP, along with this detailed discussion of FFO and a reconciliation of FFO and FFO-diluted to net income available to common stockholders. Management believes that to further understand the Company's performance, FFO should be compared with the Company's reported net income as presented in the Company's consolidated financial statements.

56

The following reconciles net income attributable to the Company to FFO and FFO-diluted for the years ended December 31, 2017, 2016, 2015, 2014 and 2013 (dollars and shares in thousands):
 
2017
 
2016
 
2015
 
2014
 
2013
Net income attributable to the Company
$
146,130

 
$
516,995

 
$
487,562

 
$
1,499,042

 
$
420,090

Adjustments to reconcile net income attributable to the Company to FFO attributable to common stockholders and unit holders—basic:
 
 
 
 
 
 
 
 
 
Noncontrolling interests in the Operating Partnership
10,729

 
37,780

 
32,615

 
105,584

 
29,637

Gain on sale or write down of consolidated assets, net
(42,446
)
 
(415,348
)
 
(378,248
)
 
(73,440
)
 
(207,105
)
Gain on remeasurement of consolidated assets
—

 
—

 
(22,089
)
 
(1,423,136
)
 
(51,205
)
Add: gain on undepreciated assets—consolidated assets
1,564

 
3,717

 
1,326

 
1,396

 
2,546

Less: loss on write-down of non-real estate assets—consolidated assets
(10,138
)
 
—

 
—

 
—

 
—

Add: noncontrolling interests share of gain (loss) on sale or write-down of assets—consolidated assets
1,209

 
(1,662
)
 
481

 
146

 
(2,082
)
(Gain) loss on sale or write down of assets—unconsolidated joint ventures(1)
(14,783
)
 
189

 
(4,392
)
 
1,237

 
(94,372
)
Add: gain (loss) on sale of undepreciated assets—unconsolidated joint ventures(1)
6,644

 
(2
)
 
4,395

 
2,621

 
602

Depreciation and amortization on consolidated assets
335,431

 
348,488

 
464,472

 
378,716

 
374,425

Less: noncontrolling interests in depreciation and amortization—consolidated assets
(15,126
)
 
(15,023
)
 
(14,962
)
 
(20,700
)
 
(19,928
)
Depreciation and amortization—unconsolidated joint ventures(1)
177,274

 
179,600

 
84,160

 
82,570

 
86,866

Less: depreciation on personal property
(13,610
)
 
(12,430
)
 
(13,052
)
 
(11,282
)
 
(11,900
)
FFO attributable to common stockholders and unit holders—basic and diluted
582,878

 
642,304

 
642,268

 
542,754

 
527,574

(Gain) loss on extinguishment of debt, net—consolidated assets
—

 
(1,709
)
 
(1,487
)
 
9,551

 
(2,684
)
Gain on extinguishment of debt, net—unconsolidated joint ventures(1)
—

 
—

 
—

 
—

 
(352
)
FFO attributable to common stockholders and unit holders excluding extinguishment of debt, net—diluted
582,878

 
640,595

 
640,781

 
552,305

 
524,538

Costs related to unsolicited takeover offer
—

 
—

 
25,204

 
—

 
—

FFO attributable to common stockholders and unit holders excluding extinguishment of debt, net and costs related to unsolicited takeover offer—diluted
$
582,878

 
$
640,595

 
$
665,985

 
$
552,305

 
$
524,538

Weighted average number of FFO shares outstanding for:
 
 
 
 
 
 
 
 
 
FFO attributable to common stockholders and unit holders—basic(2)
152,293

 
157,320

 
168,478

 
153,224

 
149,444

Adjustments for the impact of dilutive securities in computing FFO—diluted:
 
 
 
 
 
 
 
 
 
   Share and unit-based compensation plans
36

 
112

 
144

 
147

 
82

FFO attributable to common stockholders and unit holders—diluted(3)
152,329

 
157,432

 
168,622

 
153,371

 
149,526

_______________________________________________________________________________
(1)
Unconsolidated assets are presented at the Company's pro rata share.
(2)
Calculated based upon basic net income as adjusted to reach basic FFO. During the years ended December 31, 2017, 2016, 2015, 2014 and 2013, there were 10.4 million, 10.7 million, 10.6 million, 10.1 million and 9.8 million OP Units outstanding, respectively.
(3)
The computation of FFO—diluted shares outstanding includes the effect of share and unit-based compensation plans and the convertible senior notes using the treasury stock method. It also assumes the conversion of MACWH, LP common and preferred units to the extent that they are dilutive to the FFO-diluted computation.

57

ITEM 7A.    QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
The Company's primary market risk exposure is interest rate risk. The Company has managed and will continue to manage interest rate risk by (1) maintaining a ratio of fixed rate, long-term debt to total debt such that floating rate exposure is kept at an acceptable level, (2) reducing interest rate exposure on certain long-term floating rate debt through the use of interest rate caps and/or swaps with matching maturities where appropriate, (3) using treasury rate locks where appropriate to fix rates on anticipated debt transactions, and (4) taking advantage of favorable market conditions for long-term debt and/or equity.
The following table sets forth information as of December 31, 2017 concerning the Company's long term debt obligations, including principal cash flows by scheduled maturity, weighted average interest rates and estimated fair value (dollars in thousands):
 
Expected Maturity Date
 
 
 
 
 
For the years ending December 31,
 
 
 
 
 
 
 
2018
 
2019
 
2020
 
2021
 
2022
 
Thereafter
 
Total
 
Fair Value
CONSOLIDATED CENTERS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long term debt:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed rate
$
50,630

 
$
797,466

 
$
329,378

 
$
293,838

 
$
502,552

 
$
1,674,155

 
$
3,648,019

 
$
3,663,537

Average interest rate
4.04
%
 
3.51
%
 
5.48
%
 
3.48
%
 
4.19
%
 
3.64
%
 
3.85
%
 
 

Floating rate
—

 
—

 
200,000

 
1,045,000

 
300,000

 
—

 
1,545,000

 
1,511,154

Average interest rate
—
%
 
—
%
 
2.86
%
 
3.04
%
 
2.88
%
 
—
%
 
2.98
%
 
 

Total debt—Consolidated Centers
$
50,630

 
$
797,466

 
$
529,378

 
$
1,338,838

 
$
802,552

 
$
1,674,155

 
$
5,193,019

 
$
5,174,691

UNCONSOLIDATED JOINT VENTURE CENTERS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Long term debt (at Company's pro rata share):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed rate
$
28,544

 
$
32,036

 
$
39,634

 
$
149,596

 
$
362,529

 
$
2,134,387

 
$
2,746,726

 
$
2,768,360

Average interest rate
3.68
%
 
3.68
%
 
3.69
%
 
3.80
%
 
3.66
%
 
3.81
%
 
3.79
%
 
 

Floating rate
9,474

 
114

 
40,467

 
15,000

 
41,250

 
—

 
106,305

 
102,473

Average interest rate
3.09
%
 
2.63
%
 
3.22
%
 
2.56
%
 
2.56
%
 
—
%
 
2.86
%
 
 

Total debt—Unconsolidated Joint Venture Centers
$
38,018

 
$
32,150

 
$
80,101

 
$
164,596

 
$
403,779

 
$
2,134,387

 
$
2,853,031

 
$
2,870,833

The Consolidated Centers' total fixed rate debt at December 31, 2017 and 2016 was $3.6 billion and $3.8 billion, respectively. The average interest rate on such fixed rate debt at December 31, 2017 and 2016 was 3.85% and 3.80%, respectively. The Consolidated Centers' total floating rate debt at December 31, 2017 and 2016 was $1.5 billion and $1.1 billion, respectively. The average interest rate on such floating rate debt at December 31, 2017 and 2016 was 2.98% and 2.47%, respectively.
The Company's pro rata share of the Unconsolidated Joint Venture Centers' fixed rate debt at December 31, 2017 and 2016 was $2.7 billion. The average interest rate on such fixed rate debt at December 31, 2017 and 2016 was 3.79% and 3.80%, respectively. The Company's pro rata share of the Unconsolidated Joint Venture Centers' floating rate debt at December 31, 2017 and 2016 was $106.3 million and $169.9 million, respectively. The average interest rate on such floating rate debt at December 31, 2017 and 2016 was 2.86% and 2.44%, respectively.
The Company uses derivative financial instruments in the normal course of business to manage or hedge interest rate risk and records all derivatives on the balance sheet at fair value. Interest rate cap agreements offer protection against floating rates on the notional amount from exceeding the rates noted in the above schedule, and interest rate swap agreements effectively replace a floating rate on the notional amount with a fixed rate as noted above. As of December 31, 2017, the Company has one interest rate cap agreement in place (See Note 5—Derivative Instruments and Hedging Activities in the Company's Notes to the Consolidated Financial Statements).
In addition, the Company has assessed the market risk for its floating rate debt and believes that a 1% increase in interest rates would decrease future earnings and cash flows by approximately $16.5 million per year based on $1.7 billion of floating rate debt outstanding at December 31, 2017.

58

The fair value of the Company's long-term debt is estimated based on a present value model utilizing interest rates that reflect the risks associated with long-term debt of similar risk and duration. In addition, the method of computing fair value for mortgage notes payable included a credit value adjustment based on the estimated value of the property that serves as collateral for the underlying debt (See Note 9—Mortgage Notes Payable and Note 10—Bank and Other Notes Payable in the Company's Notes to the Consolidated Financial Statements).
ITEM 8.    FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Refer to the Financial Statements and Financial Statement Schedules for the required information appearing in Item 15.
ITEM 9.    CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
None.
ITEM 9A.    CONTROLS AND PROCEDURES
Conclusion Regarding Effectiveness of Disclosure Controls and Procedures
As required by Rule 13a-15(b) under the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), management carried out an evaluation, under the supervision and with the participation of the Company's Chief Executive Officer and Chief Financial Officer, of the effectiveness of the Company's disclosure controls and procedures as of the end of the period covered by this Annual Report on Form 10-K. Based on their evaluation as of December 31, 2017, the Company's Chief Executive Officer and Chief Financial Officer have concluded that the Company's disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) were effective to ensure that the information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act is (a) recorded, processed, summarized, and reported within the time periods specified in the SEC's rules and forms and (b) accumulated and communicated to the Company's management, including its Chief Executive Officer and Chief Financial Officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.
Management's Report on Internal Control Over Financial Reporting
The Company's management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act). The Company's management assessed the effectiveness of the Company's internal control over financial reporting as of December 31, 2017. In making this assessment, the Company's management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control—Integrated Framework (2013). The Company's management concluded that, as of December 31, 2017, its internal control over financial reporting was effective based on this assessment.
KPMG LLP, the independent registered public accounting firm that audited the Company's 2017 consolidated financial statements included in this Annual Report on Form 10-K, has issued a report on the Company's internal control over financial reporting which follows below.
Changes in Internal Control over Financial Reporting
There were no changes in the Company's internal control over financial reporting during the quarter ended December 31, 2017 that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.

59

Report of Independent Registered Public Accounting Firm

The Stockholders and Board of Directors of
The Macerich Company:

We have audited The Macerich Company’s and subsidiaries’ (the “Company”) internal control over financial reporting as of December 31, 2017, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission. In our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2017, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (“PCAOB”), the consolidated balance sheets of the Company as of December 31, 2017 and 2016, the related consolidated statements of operations, comprehensive income, equity, and cash flows for each of the years in the three-year period ended December 31, 2017, and the related notes and financial statement schedule III - Real Estate and Accumulated Depreciation (collectively, the “consolidated financial statements”), and our report dated February 23, 2018 expressed an unqualified opinion on those consolidated financial statements.
Basis for Opinion
The Company’s management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Management’s Report on Internal Control over Financial Reporting. Our responsibility is to express an opinion on the Company’s internal control over financial reporting based on our audit. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects. Our audit of internal control over financial reporting included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. Our audit also included performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion.
Definition and Limitations of Internal Control Over Financial Reporting
A company’s internal control over financial reporting is a process designed 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. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) 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 of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s 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. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.


/s/ KPMG LLP

Los Angeles, California
February 23, 2018

60

ITEM 9B.    OTHER INFORMATION
On February 22, 2018, the Company entered into an agreement with Thomas J. Leanse (the “Separation Agreement”) in connection with Mr. Leanse’s formerly announced resignation as Chief Legal Officer of the Company, which will be effective as of February 28, 2018 (the “Separation Date”). In connection with his resignation, Mr. Leanse will also enter into a consulting agreement (the “Consulting Agreement”) with the Company on the Separation Date under which Mr. Leanse will provide consulting services to the Company for a period of two years following the Separation Date.
Under the Separation Agreement, Mr. Leanse will be entitled to receive 100% of his annual bonus for the 2017 bonus period, and the Company agreed to, on the Separation Date, (i) make cash payments equal to (A) $125,000, representing a prorated portion of Mr. Leanse’s 2018 target bonus and (B) $112,036, representing amounts paid in lieu of Medicare and Medigap premiums and 12 months’ outplacement assistance; and (ii) make a one time, fully vested, discretionary contribution to Mr. Leanse’s account under the Company’s deferred compensation plan in the amount of $900,000. In addition, with respect to Mr. Leanse’s outstanding equity compensation awards relating to his service to the Company, the Separation Agreement provides that (i) all stock options will remain exercisable through the applicable expiration dates, and (ii) all LTIP units in the Operating Partnership will remain outstanding and continue to vest (or, in the case of performance-based awards, be eligible to vest) on the scheduled dates set forth in the applicable award agreement, subject to, in the case of performance-based awards, certain non-competition conditions set forth in such award agreements. Mr. Leanse will also be given the right under the Separation Agreement to elect to continue health insurance benefits in effect for himself and eligible family members through COBRA, and, if he so elects, the Company will pay all applicable premiums directly to the COBRA provider for a period of up to 36 months. Mr. Leanse provided the Company with a general release of claims and agreed to be subject to restrictive and other covenants contained in the Separation Agreement, including non-solicitation, non-disparagement and confidentiality provisions following the Separation Date.
Under the Consulting Agreement, Mr. Leanse will provide consulting services to the Company for a period of two years following the Separation Date. For the performance of these services, the Company has agreed to pay Mr. Leanse an aggregate fee of $100,000.


61

PART III
ITEM 10.    DIRECTORS AND EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
There is hereby incorporated by reference the information which appears under the captions "Information Regarding our Director Nominees," "Executive Officers," "Section 16(a) Beneficial Ownership Reporting Compliance" and "Audit Committee Matters" in the Company's definitive proxy statement for its 2018 Annual Meeting of Stockholders that is responsive to the information required by this Item.
The Company has adopted a Code of Business Conduct and Ethics that provides principles of conduct and ethics for its directors, officers and employees. This Code complies with the requirements of the Sarbanes-Oxley Act of 2002 and applicable rules of the Securities and Exchange Commission and the New York Stock Exchange. In addition, the Company has adopted a Code of Ethics for CEO and Senior Financial Officers which supplements the Code of Business Conduct and Ethics applicable to all employees and complies with the additional requirements of the Sarbanes-Oxley Act of 2002 and applicable rules of the Securities and Exchange Commission for those officers. To the extent required by applicable rules of the Securities and Exchange Commission and the New York Stock Exchange, the Company intends to promptly disclose future amendments to certain provisions of these Codes or waivers of such provisions granted to directors and executive officers, including the Company’s principal executive officer, principal financial officer, principal accounting officer or persons performing similar functions, on the Company’s website at www.macerich.com under "Investors—Corporate Governance-Code of Ethics." Each of these Codes of Conduct is available on the Company’s website at www.macerich.com under "Investors—Corporate Governance."
During 2017, there were no material changes to the procedures described in the Company's proxy statement relating to the 2017 Annual Meeting of Stockholders by which stockholders may recommend director nominees to the Company.
ITEM 11.    EXECUTIVE COMPENSATION
There is hereby incorporated by reference the information which appears under the captions "Compensation of Non-Employee Directors," "Compensation Committee Report," "Compensation Discussion and Analysis," "Executive Compensation" and "Compensation Committee Interlocks and Insider Participation" in the Company's definitive proxy statement for its 2018 Annual Meeting of Stockholders that is responsive to the information required by this Item.
ITEM 12.    SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
There is hereby incorporated by reference the information which appears under the captions "Principal Stockholders," "Information Regarding Our Director Nominees," "Executive Officers" and "Equity Compensation Plan Information" in the Company's definitive proxy statement for its 2018 Annual Meeting of Stockholders that is responsive to the information required by this Item.
ITEM 13.    CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
There is hereby incorporated by reference the information which appears under the captions "Certain Transactions" and "The Board of Directors and its Committees" in the Company's definitive proxy statement for its 2018 Annual Meeting of Stockholders that is responsive to the information required by this Item.
ITEM 14.    PRINCIPAL ACCOUNTANT FEES AND SERVICES
There is hereby incorporated by reference the information which appears under the captions "Principal Accountant Fees and Services" and "Audit Committee Pre-Approval Policy" in the Company's definitive proxy statement for its 2018 Annual Meeting of Stockholders that is responsive to the information required by this Item.

62

PART IV
ITEM 15.    EXHIBITS AND FINANCIAL STATEMENT SCHEDULE

ITEM 16.    FORM 10-K SUMMARY
Not applicable.


63

Report of Independent Registered Public Accounting Firm
The Stockholders and Board of Directors of
The Macerich Company:

Opinion on the Consolidated Financial Statements
We have audited the accompanying consolidated balance sheets of The Macerich Company and subsidiaries (the “Company”) as of December 31, 2017 and 2016, the related consolidated statements of operations, comprehensive income, equity, and cash flows for each of the years in the three‑year period ended December 31, 2017, and the related notes and financial statement schedule III - Real Estate and Accumulated Depreciation (collectively, the "consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2017 and 2016, and the results of its operations and its cash flows for each of the years in the three‑year period ended December 31, 2017, in conformity with U.S. generally accepted accounting principles.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (“PCAOB”), the Company’s internal control over financial reporting as of December 31, 2017, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission, and our report dated February 23, 2018 expressed an unqualified opinion on the effectiveness of the Company’s internal control over financial reporting.
Basis for Opinion
These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ KPMG LLP
We have served as the Company’s auditor since 2010.
Los Angeles, California
February 23, 2018

64

THE MACERICH COMPANY
CONSOLIDATED BALANCE SHEETS
(Dollars in thousands, except par value)

 
December 31,
 
2017
 
2016
ASSETS:
 
 
 
Property, net
$
7,109,230

 
$
7,357,310

Cash and cash equivalents
91,038

 
94,046

Restricted cash
52,067

 
49,951

Tenant and other receivables, net
112,653

 
136,998

Deferred charges and other assets, net
449,190

 
478,058

Due from affiliates
82,162

 
68,227

Investments in unconsolidated joint ventures
1,709,522

 
1,773,558

Total assets
$
9,605,862

 
$
9,958,148

LIABILITIES AND EQUITY:
 
 
 
Mortgage notes payable:
 
 
 
Related parties
$
171,569

 
$
176,442

Others
4,066,511

 
3,908,976

Total
4,238,080

 
4,085,418

Bank and other notes payable
932,184

 
880,482

Accounts payable and accrued expenses
58,412

 
61,316

Other accrued liabilities
325,701

 
366,165

Distributions in excess of investments in unconsolidated joint ventures
83,486

 
78,626

Co-venture obligation
—

 
58,973

Total liabilities
5,637,863

 
5,530,980

Commitments and contingencies


 


Equity:
 
 
 
Stockholders' equity:
 
 
 
Common stock, $0.01 par value, 250,000,000 shares authorized, 140,993,985 and 143,985,036 shares issued and outstanding at December 31, 2017 and 2016, respectively
1,410

 
1,440

Additional paid-in capital
4,510,489

 
4,593,229

Accumulated deficit
(830,279
)
 
(488,782
)
Accumulated other comprehensive loss
(42
)
 
—

Total stockholders' equity
3,681,578

 
4,105,887

Noncontrolling interests
286,421

 
321,281

Total equity
3,967,999

 
4,427,168

Total liabilities and equity
$
9,605,862

 
$
9,958,148

   
The accompanying notes are an integral part of these consolidated financial statements.

65

THE MACERICH COMPANY
CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in thousands, except per share amounts)

 
For The Years Ended December 31,
 
2017
 
2016
 
2015
Revenues:
 
 
 
 
 
Minimum rents
$
594,030

 
$
616,295

 
$
759,603

Percentage rents
17,124

 
20,902

 
25,693

Tenant recoveries
283,295

 
305,282

 
415,129

Other
55,819

 
59,328

 
61,470

Management Companies
43,394

 
39,464

 
26,254

Total revenues
993,662

 
1,041,271

 
1,288,149

Expenses:
 
 
 
 
 
Shopping center and operating expenses
295,190

 
307,623

 
379,815

Management Companies' operating expenses
100,121

 
98,323

 
92,340

REIT general and administrative expenses
28,240

 
28,217

 
29,870

Costs related to unsolicited takeover offer
—

 
—

 
25,204

Depreciation and amortization
335,431

 
348,488

 
464,472

 
758,982

 
782,651

 
991,701

Interest expense:
 
 
 
 
 
Related parties
8,731

 
8,973

 
10,515

Other
163,045

 
154,702

 
201,428

 
171,776

 
163,675

 
211,943

Gain on extinguishment of debt, net
—

 
(1,709
)
 
(1,487
)
Total expenses
930,758

 
944,617

 
1,202,157

Equity in income of unconsolidated joint ventures
85,546

 
56,941

 
45,164

Co-venture expense
(13,629
)
 
(13,382
)
 
(11,804
)
Income tax (expense) benefit
(15,594
)
 
(722
)
 
3,223

Gain on sale or write down of assets, net
42,446

 
415,348

 
378,248

Gain on remeasurement of assets
—

 
—

 
22,089

Net income
161,673

 
554,839

 
522,912

Less net income attributable to noncontrolling interests
15,543

 
37,844

 
35,350

Net income attributable to the Company
$
146,130

 
$
516,995

 
$
487,562

Earnings per common share attributable to common stockholders:
 
 
 
 
 
Basic
$
1.02

 
$
3.52

 
$
3.08

Diluted
$
1.02

 
$
3.52

 
$
3.08

Weighted average number of common shares outstanding:
 
 
 
 
 
Basic
141,877,000

 
146,599,000

 
157,916,000

Diluted
141,913,000

 
146,711,000

 
158,060,000

   The accompanying notes are an integral part of these consolidated financial statements.

66

THE MACERICH COMPANY
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(Dollars in thousands)

 
For The Years Ended December 31,
 
2017
 
2016
 
2015
Net income
$
161,673

 
$
554,839

 
$
522,912

Other comprehensive loss:
 
 
 
 
 
Interest rate cap
(42
)
 
—

 
—

Comprehensive income
161,631

 
554,839

 
522,912

Less net income attributable to noncontrolling interests
15,543

 
37,844

 
35,350

Comprehensive income attributable to the Company
$
146,088

 
$
516,995

 
$
487,562

   The accompanying notes are an integral part of these consolidated financial statements.

67

THE MACERICH COMPANY
CONSOLIDATED STATEMENTS OF EQUITY
(Dollars in thousands, except per share data)


 
Stockholders' Equity
 
 
 
 
 
Common Stock
 
Additional Paid-in Capital
 
Retained Earnings (Accumulated
Deficit)
 
Total Stockholders'
Equity
 
 
 
 
 
Shares
 
Par
Value
 
 
 
 
Noncontrolling
Interests
 
Total
Equity
Balance at January 1, 2015
158,201,996

 
$
1,582

 
$
5,041,797

 
$
596,741

 
$
5,640,120

 
$
399,729

 
$
6,039,849

Net income
—

 
—

 
—

 
487,562

 
487,562

 
35,350

 
522,912

Amortization of share and unit-based plans
241,186

 
2

 
34,373

 
—

 
34,375

 
—

 
34,375

Employee stock purchases
23,036

 
—

 
1,512

 
—

 
1,512

 
—

 
1,512

Stock repurchase
(4,140,788
)
 
(41
)
 
(153,602
)
 
(246,501
)
 
(400,144
)
 
 
 
(400,144
)
Distributions paid ($6.63) per share
—

 
—

 
—

 
(1,050,562
)
 
(1,050,562
)
 
—

 
(1,050,562
)
Distributions to noncontrolling interests
—

 
—

 
—

 
—

 
—

 
(74,677
)
 
(74,677
)
Contributions from noncontrolling interests
—

 
—

 
—

 
—

 
—

 
23

 
23

Other
—

 
—

 
(1,593
)
 
—

 
(1,593
)
 
—

 
(1,593
)
Conversion of noncontrolling interests to common shares
79,556

 
1

 
1,558

 
—

 
1,559

 
(1,559
)
 
—

Redemption of noncontrolling interests
—

 
—

 
(343
)
 
—

 
(343
)
 
(113
)
 
(456
)
Adjustment of noncontrolling interests in Operating Partnership
—

 
—

 
2,928

 
—

 
2,928

 
(2,928
)
 
—

Balance at December 31, 2015
154,404,986

 
$
1,544

 
$
4,926,630

 
$
(212,760
)
 
$
4,715,414

 
$
355,825

 
$
5,071,239

   
The accompanying notes are an integral part of these consolidated financial statements.

68


THE MACERICH COMPANY
CONSOLIDATED STATEMENTS OF EQUITY (Continued)
(Dollars in thousands, except per share data)
 
Stockholders' Equity
 
 
 
 
 
Common Stock
 
Additional Paid-in Capital
 
Accumulated
Deficit
 
Total Stockholders'
Equity
 
 
 
 
 
Shares
 
Par
Value
 
 
 
 
Noncontrolling
Interests
 
Total
Equity
Balance at December 31, 2015
154,404,986

 
$
1,544

 
$
4,926,630

 
$
(212,760
)
 
$
4,715,414

 
$
355,825

 
$
5,071,239

Net income
—

 
—

 
—

 
516,995

 
516,995

 
37,844

 
554,839

Amortization of share and unit-based plans
139,671

 
2

 
40,527

 
—

 
40,529

 
—

 
40,529

Employee stock purchases
28,147

 
—

 
1,697

 
—

 
1,697

 
—

 
1,697

Stock repurchase
(11,123,011
)
 
(111
)
 
(412,391
)
 
(387,516
)
 
(800,018
)
 
—

 
(800,018
)
Distributions declared ($2.75) per share
—

 
—

 
—

 
(405,501
)
 
(405,501
)
 
—

 
(405,501
)
Distributions to noncontrolling interests
—

 
—

 
—

 
—

 
—

 
(35,677
)
 
(35,677
)
Contributions from noncontrolling interests
—

 
—

 
—

 
—

 
—

 
90

 
90

Conversion of noncontrolling interests to common shares
535,243

 
5

 
12,443

 
—

 
12,448

 
(12,448
)
 
—

Redemption of noncontrolling interests
—

 
—

 
(23
)
 
—

 
(23
)
 
(7
)
 
(30
)
Adjustment of noncontrolling interests in Operating Partnership
—

 
—

 
24,346

 
—

 
24,346

 
(24,346
)
 
—

Balance at December 31, 2016
143,985,036

 
$
1,440

 
$
4,593,229

 
$
(488,782
)
 
$
4,105,887

 
$
321,281

 
$
4,427,168

   
The accompanying notes are an integral part of these consolidated financial statements.

69


THE MACERICH COMPANY
CONSOLIDATED STATEMENTS OF EQUITY (Continued)
(Dollars in thousands, except per share data)
 
 
Stockholders' Equity
 
 
 
 
 
 
Common Stock
 
Additional Paid-in Capital
 
Accumulated Deficit
 
Accumulated Other Comprehensive Loss
 
Total Stockholders' Equity
 
 
 
 
 
 
Shares
 
Par
Value
 
 
 
 
Noncontrolling
Interests
 
Total
Equity
Balance at December 31, 2016
 
143,985,036

 
$
1,440

 
$
4,593,229

 
$
(488,782
)
 
$
—

 
$
4,105,887

 
$
321,281

 
$
4,427,168

Net income
 
—

 
—

 
—

 
146,130

 
—

 
146,130

 
15,543

 
161,673

Cumulative effect of adoption of ASU 2016-09
 
—

 
—

 
—

 
6,484

 
—

 
6,484

 
—

 
6,484

Interest rate cap
 
—

 
—

 
—

 
—

 
(42
)
 
(42
)
 
—

 
(42
)
Amortization of share and unit-based plans
 
97,694

 
1

 
37,004

 
—

 
—

 
37,005

 
—

 
37,005

Employee stock purchases
 
38,832

 
—

 
1,868

 
—

 
—

 
1,868

 
—

 
1,868

Stock repurchases
 
(3,627,390
)
 
(36
)
 
(135,176
)
 
(86,216
)
 
—

 
(221,428
)
 
—

 
(221,428
)
Distributions declared ($2.87) per share
 
—

 
—

 
—

 
(407,895
)
 
—

 
(407,895
)
 
—

 
(407,895
)
Distributions to noncontrolling interests
 
—

 
—

 
—

 
—

 
—

 
—

 
(35,944
)
 
(35,944
)
Contributions from noncontrolling interests
 
—

 
—

 
—

 
—

 
—

 
—

 
30

 
30

Conversion of noncontrolling interests to common shares
 
499,813

 
5

 
16,792

 
—

 
—

 
16,797

 
(16,797
)
 
—

Redemption of noncontrolling interests
 
—

 
—

 
(615
)
 
—

 
—

 
(615
)
 
(305
)
 
(920
)
Adjustment of noncontrolling interests in Operating Partnership
 
—

 
—

 
(2,613
)
 
—

 
—

 
(2,613
)
 
2,613

 
—

Balance at December 31, 2017
 
140,993,985

 
$
1,410

 
$
4,510,489

 
$
(830,279
)
 
$
(42
)
 
$
3,681,578

 
$
286,421

 
$
3,967,999

   
The accompanying notes are an integral part of these consolidated financial statements.

70

THE MACERICH COMPANY
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Dollars in thousands)
 
For the Years Ended December 31,
 
2017
 
2016
 
2015
Cash flows from operating activities:
 
 
 
 
 
Net income
$
161,673

 
$
554,839

 
$
522,912

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
 
 
Gain on extinguishment of debt, net
—

 
(1,709
)
 
(1,487
)
Gain on sale or write down of assets, net
(42,446
)
 
(415,348
)
 
(378,248
)
Gain on remeasurement of assets
—

 
—

 
(22,089
)
Depreciation and amortization
341,275

 
355,358

 
471,320

Amortization of net premium on mortgage notes payable
(3,277
)
 
(4,048
)
 
(20,232
)
Amortization of share and unit-based plans
30,799

 
33,288

 
28,367

Straight-line rent adjustment
(8,597
)
 
(5,237
)
 
(7,192
)
Amortization of above and below-market leases
(964
)
 
(12,815
)
 
(16,510
)
Provision for doubtful accounts
4,314

 
3,586

 
4,698

Income tax expense (benefit)
15,594

 
722

 
(3,223
)
Equity in income of unconsolidated joint ventures
(85,546
)
 
(56,941
)
 
(45,164
)
Co-venture expense
13,629

 
13,382

 
11,804

Distributions of income from unconsolidated joint ventures
463

 
7,248

 
4,541

Changes in assets and liabilities, net of acquisitions and dispositions:
 
 
 
 
 
Tenant and other receivables
(6,508
)
 
(7,585
)
 
1,908

Other assets
(4,414
)
 
(20,033
)
 
13,892

Due from affiliates
(13,982
)
 
15,983

 
(7,025
)
Accounts payable and accrued expenses
(5,822
)
 
(8,929
)
 
(4,014
)
Other accrued liabilities
(9,802
)
 
(22,227
)
 
698

Net cash provided by operating activities
386,389

 
429,534

 
554,956

Cash flows from investing activities:
 
 
 
 
 
Acquisition of properties
—

 
—

 
(26,250
)
Development, redevelopment, expansion and renovation of properties
(160,343
)
 
(211,616
)
 
(272,334
)
Property improvements
(41,807
)
 
(47,863
)
 
(53,335
)
Proceeds from repayment of notes receivable
7,073

 
3,677

 
1,833

Deposit on acquisition of property
—

 
—

 
(12,500
)
Deferred leasing costs
(31,655
)
 
(28,074
)
 
(33,902
)
Distributions from unconsolidated joint ventures
267,964

 
444,095

 
105,640

Contributions to unconsolidated joint ventures
(117,538
)
 
(430,428
)
 
(426,186
)
Proceeds from sale of assets
255,294

 
724,275

 
646,898

Restricted cash
(2,116
)
 
(10,953
)
 
(30,888
)
Net cash provided by (used in) investing activities
176,872

 
443,113

 
(101,024
)
The accompanying notes are an integral part of these consolidated financial statements.

71

THE MACERICH COMPANY
CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)
(Dollars in thousands)
 
For the Years Ended December 31,
 
2017
 
2016
 
2015
Cash flows from financing activities:
 
 
 
 
 
Proceeds from mortgages, bank and other notes payable
1,430,000

 
3,201,138

 
4,080,671

Payments on mortgages, bank and other notes payable
(1,219,728
)
 
(2,437,891
)
 
(3,284,213
)
Deferred financing costs
(8,500
)
 
(10,584
)
 
(11,805
)
Payment of finance deposits, net of refunds received
—

 
—

 
(11,138
)
Payment of debt extinguishment costs
—

 
(12,028
)
 
(14,579
)
Proceeds from share and unit-based plans
1,868

 
1,697

 
1,512

Stock repurchases
(221,428
)
 
(800,018
)
 
(400,144
)
Redemption of noncontrolling interests
(920
)
 
(30
)
 
(456
)
Contributions from noncontrolling interests
30

 
90

 
23

Purchase of noncontrolling interest
—

 
—

 
(1,593
)
Settlement of contingent consideration
—

 
(10,012
)
 
—

Dividends and distributions
(443,839
)
 
(779,308
)
 
(787,109
)
Distributions to co-venture partner
(103,752
)
 
(18,165
)
 
(23,498
)
Net cash used in financing activities
(566,269
)
 
(865,111
)
 
(452,329
)
Net (decrease) increase in cash and cash equivalents
(3,008
)
 
7,536

 
1,603

Cash and cash equivalents, beginning of year
94,046

 
86,510

 
84,907

Cash and cash equivalents, end of year
$
91,038

 
$
94,046

 
$
86,510

Supplemental cash flow information:
 
 
 
 
 
Cash payments for interest, net of amounts capitalized
$
168,493

 
$
153,838

 
$
231,106

Non-cash investing and financing activities:
 
 
 
 
 
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities
$
43,726

 
$
49,484

 
$
52,983

Conversion of Operating Partnership Units to common stock
$
16,797

 
$
12,448

 
$
1,559

Accrued dividend
$
—

 
$
—

 
$
337,703

Mortgage notes payable settled by deed-in-lieu of foreclosure
$
—

 
$
37,000

 
$
34,149

Mortgage notes payable assumed by buyer in exchange for investment in unconsolidated joint venture
$
—

 
$
997,695

 
$
1,782,455

Acquisition of property in exchange for investment in unconsolidated joint venture
$
—

 
$
—

 
$
76,250

Assumption of mortgage notes payable and other liabilities from unconsolidated joint ventures
$
—

 
$
—

 
$
50,000

   The accompanying notes are an integral part of these consolidated financial statements.

72
THE MACERICH COMPANY

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in thousands, except per share amounts)


1. Organization:
The Macerich Company (the "Company") is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers (the "Centers") located throughout the United States.
The Company commenced operations effective with the completion of its initial public offering on March 16, 1994. As of December 31, 2017, the Company was the sole general partner of and held a 93% ownership interest in The Macerich Partnership, L.P. (the "Operating Partnership"). The Company was organized to qualify as a real estate investment trust ("REIT") under the Internal Revenue Code of 1986, as amended (the "Code").
The property management, leasing and redevelopment of the Company's portfolio is provided by the Company's management companies, Macerich Property Management Company, LLC, a single member Delaware limited liability company, Macerich Management Company, a California corporation, Macerich Arizona Partners LLC, a single member Arizona limited liability company, Macerich Arizona Management LLC, a single member Delaware limited liability company, Macerich Partners of Colorado LLC, a single member Colorado limited liability company, MACW Mall Management, Inc., a New York corporation, and MACW Property Management, LLC, a single member New York limited liability company. All seven of the management companies are owned by the Company and are collectively referred to herein as the "Management Companies."
2. Summary of Significant Accounting Policies:
Basis of Presentation:
These consolidated financial statements have been prepared in accordance with generally accepted accounting principles ("GAAP") in the United States of America.
The accompanying consolidated financial statements include the accounts of the Company. Investments in entities in which the Company has a controlling financial interest or entities that meet the definition of a variable interest entity ("VIE") in which the Company has, as a result of ownership, contractual or other financial interests, both the power to direct activities that most significantly impact the economic performance of the VIE and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE are consolidated; otherwise they are accounted for under the equity method of accounting and are reflected as investments in unconsolidated joint ventures.
The Company's sole significant asset is its investment in the Operating Partnership and as a result, substantially all of the Company's assets and liabilities represent the assets and liabilities of the Operating Partnership. In addition, the Operating Partnership has investments in a number of VIEs.
The Operating Partnership's VIEs included the following assets and liabilities:
 
December 31,
 
2017
 
2016
Assets:
 
 
 
Property, net
$
288,881

 
$
307,582

Other assets
60,586

 
68,863

Total assets
$
349,467

 
$
376,445

Liabilities:
 
 
 
Mortgage notes payable
$
129,436

 
$
133,245

Other liabilities
72,705

 
75,913

Total liabilities
$
202,141

 
$
209,158

All intercompany accounts and transactions have been eliminated in the consolidated financial statements.

73
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)
2. Summary of Significant Accounting Policies: (Continued)

Cash and Cash Equivalents and Restricted Cash:
The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents, for which cost approximates fair value. Restricted cash includes impounds of property taxes and other capital reserves required under loan agreements.
Revenues:
Minimum rental revenues are recognized on a straight-line basis over the terms of the related leases. The difference between the amount of rent due in a year and the amount recorded as rental income is referred to as the "straight-line rent adjustment." Minimum rents were increased by $8,597, $5,237 and $7,192 due to the straight-line rent adjustment during the years ended December 31, 2017, 2016 and 2015, respectively. Percentage rents are recognized and accrued when tenants' specified sales targets have been met.
Estimated recoveries from certain tenants for their pro rata share of real estate taxes, insurance and other shopping center operating expenses are recognized as revenues in the period the applicable expenses are incurred. Other tenants pay a fixed rate and these tenant recoveries are recognized as revenues on a straight-line basis over the term of the related leases.
The Management Companies provide property management, leasing, corporate, development, redevelopment and acquisition services to affiliated and non-affiliated shopping centers. In consideration for these services, the Management Companies receive monthly management fees generally ranging from 1.5% to 5% of the gross monthly rental revenue of the properties managed.
Property:
Maintenance and repair expenses are charged to operations as incurred. Costs for major replacements and betterments, which includes HVAC equipment, roofs, parking lots, etc., are capitalized and depreciated over their estimated useful lives. Gains and losses are recognized upon disposal or retirement of the related assets and are reflected in earnings.
Property is recorded at cost and is depreciated using a straight-line method over the estimated useful lives of the assets as follows:
Buildings and improvements
5 - 40 years
Tenant improvements
5 - 7 years
Equipment and furnishings
5 - 7 years
Capitalization of Costs:
The Company capitalizes costs incurred in redevelopment, development, renovation and improvement of properties. The capitalized costs include pre-construction costs essential to the development of the property, development costs, construction costs, interest costs, real estate taxes, salaries and related costs and other costs incurred during the period of development. These capitalized costs include direct and certain indirect costs clearly associated with the project. Indirect costs include real estate taxes, insurance and certain shared administrative costs. In assessing the amounts of direct and indirect costs to be capitalized, allocations are made to projects based on estimates of the actual amount of time spent on each activity. Indirect costs not clearly associated with specific projects are expensed as period costs. Capitalized indirect costs are allocated to development and redevelopment activities based on the square footage of the portion of the building not held available for immediate occupancy. If costs and activities incurred to ready the vacant space cease, then cost capitalization is also discontinued until such activities are resumed. Once work has been completed on a vacant space, project costs are no longer capitalized. For projects with extended lease-up periods, the Company ends the capitalization when significant activities have ceased, which does not exceed the shorter of a one-year period after the completion of the building shell or when the construction is substantially complete.

74
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)
2. Summary of Significant Accounting Policies: (Continued)

Investment in Unconsolidated Joint Ventures:
The Company accounts for its investments in joint ventures using the equity method of accounting unless the Company has a controlling financial interest in the joint venture or the joint venture meets the definition of a variable interest entity in which the Company is the primary beneficiary through both its power to direct activities that most significantly impact the economic performance of the variable interest entity and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the variable interest entity. Although the Company has a greater than 50% interest in Candlestick Center LLC, Corte Madera Village, LLC, Macerich HHF Centers LLC, New River Associates LLC and Pacific Premier Retail LLC, the Company does not have controlling financial interests in these joint ventures due to the substantive participation rights of the outside partners in these joint ventures and, therefore, accounts for its investments in these joint ventures using the equity method of accounting.
Equity method investments are initially recorded on the balance sheet at cost and are subsequently adjusted to reflect the Company’s proportionate share of net earnings and losses, distributions received, additional contributions and certain other adjustments, as appropriate. The Company separately reports investments in joint ventures when accumulated distributions have exceeded the Company’s investment, as distributions in excess of investments in unconsolidated joint ventures. The net investment of certain joint ventures is less than zero because of financing or operating distributions that are usually greater than net income, as net income includes charges for depreciation and amortization.
Acquisitions:
The Company allocates the estimated fair value of acquisitions to land, building, tenant improvements and identified intangible assets and liabilities, based on their estimated fair values. In addition, any assumed mortgage notes payable are recorded at their estimated fair values. The estimated fair value of the land and buildings is determined utilizing an “as if vacant” methodology. Tenant improvements represent the tangible assets associated with the existing leases valued on a fair value basis at the acquisition date prorated over the remaining lease terms. The tenant improvements are classified as an asset under property and are depreciated over the remaining lease terms. Identifiable intangible assets and liabilities relate to the value of in-place operating leases which come in three forms: (i) leasing commissions and legal costs, which represent the value associated with “cost avoidance” of acquiring in-place leases, such as lease commissions paid under terms generally experienced in the Company's markets; (ii) value of in-place leases, which represents the estimated loss of revenue and of costs incurred for the period required to lease the “assumed vacant” property to the occupancy level when purchased; and (iii) above or below-market value of in-place leases, which represents the difference between the contractual rents and market rents at the time of the acquisition, discounted for tenant credit risks. Leasing commissions and legal costs are recorded in deferred charges and other assets and are amortized over the remaining lease terms. The value of in-place leases are recorded in deferred charges and other assets and amortized over the remaining lease terms plus any below-market fixed rate renewal options. Above or below-market leases are classified in deferred charges and other assets or in other accrued liabilities, depending on whether the contractual terms are above or below-market, and the asset or liability is amortized to minimum rents over the remaining terms of the leases. The remaining lease terms of below-market leases may include certain below-market fixed-rate renewal periods. In considering whether or not a lessee will execute a below-market fixed-rate lease renewal option, the Company evaluates economic factors and certain qualitative factors at the time of acquisition such as tenant mix in the Center, the Company's relationship with the tenant and the availability of competing tenant space. The initial allocation of purchase price is based on management's preliminary assessment, which may change when final information becomes available. Subsequent adjustments made to the initial purchase price allocation are made within the allocation period, which does not exceed one year. The purchase price allocation is described as preliminary if it is not yet final. The use of different assumptions in the allocation of the purchase price of the acquired assets and liabilities assumed could affect the timing of recognition of the related revenues and expenses.
The Company immediately expenses costs associated with business combinations as period costs.
Remeasurement gains are recognized when the Company obtains control of an existing equity method investment to the extent that the fair value of the existing equity investment exceeds the carrying value of the investment.

75
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)
2. Summary of Significant Accounting Policies: (Continued)

Deferred Charges:
Costs relating to obtaining tenant leases are deferred and amortized over the initial term of the lease agreement using the straight-line method. As these deferred leasing costs represent productive assets incurred in connection with the Company's leasing arrangements at the Centers, the related cash flows are classified as investing activities within the accompanying Consolidated Statements of Cash Flows. Costs relating to financing of shopping center properties are deferred and amortized over the life of the related loan using the straight-line method, which approximates the effective interest method.
The range of the terms of the agreements is as follows:
Deferred lease costs
1 - 15 years
Deferred financing costs
1 - 15 years
Accounting for Impairment:
The Company assesses whether an indicator of impairment in the value of its properties exists by considering expected future operating income, trends and prospects, as well as the effects of demand, competition and other economic factors. Such factors include projected rental revenue, operating costs and capital expenditures as well as estimated holding periods and capitalization rates. If an impairment indicator exists, the determination of recoverability is made based upon the estimated undiscounted future net cash flows, excluding interest expense. The amount of impairment loss, if any, is determined by comparing the fair value, as determined by a discounted cash flows analysis, with the carrying value of the related assets. The Company generally holds and operates its properties long-term, which decreases the likelihood of their carrying values not being recoverable. Properties classified as held for sale are measured at the lower of the carrying amount or fair value less cost to sell.
The Company reviews its investments in unconsolidated joint ventures for a series of operating losses and other factors that may indicate that a decrease in the value of its investments has occurred which is other-than-temporary. The investment in each unconsolidated joint venture is evaluated periodically, and as deemed necessary, for recoverability and valuation declines that are other-than-temporary.
Share and Unit-based Compensation Plans:
The cost of share and unit-based compensation awards is measured at the grant date based on the calculated fair value of the awards and is recognized on a straight-line basis over the requisite service period, which is generally the vesting period of the awards. For market-indexed LTIP awards, compensation cost is recognized under the graded attribution method.
Derivative Instruments and Hedging Activities:
The Company recognizes all derivatives in the consolidated financial statements and measures the derivatives at fair value. The Company uses interest rate swap and cap agreements (collectively, "interest rate agreements") in the normal course of business to manage or reduce its exposure to adverse fluctuations in interest rates. The Company designs its hedges to be effective in reducing the risk exposure that they are designated to hedge. Any instrument that meets the cash flow hedging criteria is formally designated as a cash flow hedge at the inception of the derivative contract. On an ongoing quarterly basis, the Company adjusts its balance sheet to reflect the current fair value of its derivatives. To the extent they are effective, changes in fair value are recorded in comprehensive income. Ineffective portions, if any, are included in net income (loss).
Amounts paid (received) as a result of interest rate agreements are recorded as an addition (reduction) to (of) interest expense.
If any derivative instrument used for risk management does not meet the hedging criteria, it is marked-to-market each period with the change in value included in the consolidated statements of operations.


76
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)
2. Summary of Significant Accounting Policies: (Continued)

Income Taxes:
The Company elected to be taxed as a REIT under the Code commencing with its taxable year ended December 31, 1994. To qualify as a REIT, the Company must meet a number of organizational and operational requirements, including a requirement that it distribute at least 90% of its taxable income to its stockholders. It is management's current intention to adhere to these requirements and maintain the Company's REIT status. As a REIT, the Company generally will not be subject to corporate level federal income tax on taxable income it distributes currently to its stockholders. If the Company fails to qualify as a REIT in any taxable year, then it will be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and may not be able to qualify as a REIT for four subsequent taxable years. Even if the Company qualifies for taxation as a REIT, the Company may be subject to certain state and local taxes on its income and property and to federal income and excise taxes on its undistributed taxable income, if any.
Each partner is taxed individually on its share of partnership income or loss, and accordingly, no provision for federal and state income tax is provided for the Operating Partnership in the consolidated financial statements. The Company's taxable REIT subsidiaries ("TRSs") are subject to corporate level income taxes, which are provided for in the Company's consolidated financial statements.
Deferred tax assets and liabilities are recognized for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The deferred tax assets and liabilities of the TRSs relate primarily to differences in the book and tax bases of property and to operating loss carryforwards for federal and state income tax purposes. A valuation allowance for deferred tax assets is provided if the Company believes it is more likely than not that all or some portion of the deferred tax assets will not be realized. Realization of deferred tax assets is dependent on the Company generating sufficient taxable income in future periods.
Segment Information:
The Company currently operates in one business segment, the acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers. Additionally, the Company operates in one geographic area, the United States.
Fair Value of Financial Instruments:
The fair value hierarchy distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity and the reporting entity's own assumptions about market participant assumptions.
Level 1 inputs utilize quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs may include quoted prices for similar assets and liabilities in active markets, as well as inputs that are observable for the asset or liability (other than quoted prices), such as interest rates, foreign exchange rates and yield curves that are observable at commonly quoted intervals. Level 3 inputs are unobservable inputs for the asset or liability, which are typically based on an entity's own assumptions, as there is little, if any, related market activity. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability.
The Company calculates the fair value of financial instruments and includes this additional information in the notes to consolidated financial statements when the fair value is different than the carrying value of those financial instruments. When the fair value reasonably approximates the carrying value, no additional disclosure is made.

77
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)
2. Summary of Significant Accounting Policies: (Continued)

Fair Value of Financial Instruments:(Continued)
The fair values of interest rate agreements are determined using the market standard methodology of discounting the future expected cash receipts that would occur if variable interest rates fell below or rose above the strike rate of the interest rate agreements. The variable interest rates used in the calculation of projected receipts on the interest rate agreements are based on an expectation of future interest rates derived from observable market interest rate curves and volatilities. The Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty's nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts and guarantees.
Concentration of Risk:
The Company maintains its cash accounts in a number of commercial banks. Accounts at these banks are guaranteed by the Federal Deposit Insurance Corporation ("FDIC") up to $250. At various times during the year, the Company had deposits in excess of the FDIC insurance limit.
No Center or tenant generated more than 10% of total revenues during the years ended December 31, 2017, 2016 or 2015.
Management Estimates:
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Recent Accounting Pronouncements:
In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") 2014-09, “Revenue From Contracts With Customers,” which outlines a comprehensive model for entities to use in accounting for revenue arising from contracts with customers. The standard states that “an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.” While the standard specifically references contracts with customers, it may apply to certain other transactions such as the sale of real estate or equipment. The standard will initially apply to the Company's recognition of management companies and other revenues. This standard will not apply to the Company's recognition of tenant recoveries until January 1, 2019, when it adopts ASU 2016-02, "Leases (Topic 842)", as discussed below. The Company's adoption of ASU 2014-09 on January 1, 2018 did not have a significant impact on the pattern of revenue recognition for management companies and other revenues.
Additionally, under ASU 2014-09, the Company will account for its joint venture in Chandler Fashion Center and Freehold Raceway Mall (See Note 11—Co-Venture Arrangement) as a financing arrangement. The financing arrangement liability is required to be recorded at fair value upon adoption and any subsequent changes in fair value recognized as interest expense in the Company's consolidated statements of operations. The Company's adoption of this standard effective January 1, 2018 is expected to result in the replacement of its $31,150 distributions in excess of co-venture obligation (See Note 8—Deferred Charges and Other Assets, net) with a financing arrangement liability estimated to be $393,700 on its consolidated balance sheets. This will result in the recognition of an estimated $424,850 increase in the Company’s accumulated deficit as a cumulative effect adjustment under the modified retrospective method of adoption. The financing arrangement liability and cumulative effect adjustment are provisional and are still being evaluated by management. Such amounts are subject to change and will be finalized on the Company’s consolidated financial statements for the three months ended March 31, 2018.   

78
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)
2. Summary of Significant Accounting Policies: (Continued)

Recent Accounting Pronouncements: (Continued)
In February 2016, the FASB issued ASU 2016-02, which sets out principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e. lessees and lessors). The standard requires that lessors expense, on an as-incurred basis, certain initial direct costs that are not incremental in negotiating a lease. Under existing standards, certain of these costs are capitalizable and therefore this new standard may result in certain of these costs being expensed as incurred after adoption. Additionally, under the standard, certain common area maintenance recoveries must be accounted for as a non-lease component.
Under ASU 2016-02, lessees apply a dual approach, classifying leases as either finance or operating leases. A lessee is required to record a right-of-use asset and a lease liability for all leases with a term of greater than twelve months, regardless of their lease classification. The Company is a lessee on ground leases at certain properties, on certain office space leases and on certain other improvements and equipment. The standard will impact the accounting and disclosure requirements for these leases. The standard is effective for the Company under a modified retrospective approach beginning January 1, 2019. The Company is evaluating the impact of the adoption of this standard on its consolidated financial statements.
In November 2017, the FASB decided to proceed with issuing a final accounting standards update on the new leasing standard, which would provide additional practical expedients that can be elected upon adoption of ASU 2016-02 on January 1, 2019. The FASB issued an exposure draft on January 5, 2018 that includes a practical expedient that would allow lessors, as an accounting policy election by class of underlying asset, to not bifurcate non-lease components from the related lease components if certain conditions are met, and a practical expedient that would enable a cumulative effect transition option in which a company would not have to adjust their comparative period financial statements for the effects of the new standard. The Company plans on utilizing the practical expedients provided by ASU 2016-02 and the final accounting standards update and will continue to monitor and review updates as they are provided by the FASB.
In March 2016, the FASB issued ASU 2016-09, "Compensation-Stock Compensation (Topic 718)," which amended the accounting for share-based payments, including the income tax consequences, classification of awards and classification on the statement of cash flows. The Company's adoption of this standard on January 1, 2017 under the modified retrospective method resulted in the recognition of excess tax benefits of $6,484 as a cumulative effect adjustment, which reduced its accumulated deficit and increased its deferred tax assets by the same amount.
In August 2016, the FASB issued ASU 2016-15, "Statement of Cash flows (Topic 230)," which amended the accounting for the statement of cash flows by providing guidance on how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The Company's adoption of this standard on January 1, 2017 resulted in the reclassification of $12,028 and $14,579 of debt extinguishment costs from operating activities to financing activities on its consolidated statements of cash flows for the year ended December 31, 2016 and 2015, respectively.
On November 17, 2016, the FASB issued ASU 2016-18, “Restricted Cash,” which requires that the statement of cash flows explain the change during a reporting period in the total of cash, cash equivalents, and amounts generally described as restricted cash and restricted cash equivalents. This standard states that transfers between cash, cash equivalents, and restricted cash are not part of the entity’s operating, investing, and financing activities. Therefore, restricted cash should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The Company's adoption of this standard on January 1, 2018 did not have a significant impact on its consolidated statements of cash flows.
On January 5, 2017, the FASB issued ASU 2017-01, “Business Combinations,” which clarifies the definition of a business. The objective of the standard is to add further guidance that assists entities in evaluating whether a transaction will be accounted for as an acquisition of an asset or a business. The guidance requires an entity to evaluate if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets. If so, the set of transferred assets and activities are not a business and should be treated as an asset acquisition. The guidance also requires a business to include at least one substantive process and narrows the definition of outputs. The primary difference between business combinations and asset acquisitions is the recognition of transaction costs, which are expensed as period costs for business combinations and capitalized for asset acquisitions. The Company's adoption of this standard on January 1, 2018 did not have a significant impact on its consolidated financial statements.

79
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)
2. Summary of Significant Accounting Policies: (Continued)

Recent Accounting Pronouncements: (Continued)
In February 2017, the FASB issued ASU No. 2017-05, “Other Income-Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets,” which clarifies the scope of asset derecognition and adds further guidance for recognizing gains and losses from the transfer of nonfinancial assets in contracts with non-customers. The Company's adoption of this standard on January 1, 2018 did not have a significant impact on its consolidated financial statements.
In August 2017, the FASB issued ASU 2017-12, “Targeted Improvements to Accounting for Hedging Activities,” which aims to (i) improve the transparency and understandability of information conveyed to financial statement users about an entity’s risk management activities by better aligning the entity’s financial reporting for hedging relationships with those risk management activities and (ii) reduce the complexity of and simplify the application of hedge accounting by preparers. The standard is effective for the Company beginning January 1, 2019, with early adoption permitted. The Company is evaluating the impact of the adoption of this standard on its consolidated financial statements.
3. Earnings Per Share ("EPS"):
The following table reconciles the numerator and denominator used in the computation of earnings per share for the years ended December 31 (shares in thousands):
 
2017
 
2016
 
2015
Numerator
 
 
 
 
 
Net Income
$
161,673

 
$
554,839

 
$
522,912

Net income attributable to noncontrolling interests
(15,543
)
 
(37,844
)
 
(35,350
)
Net income attributable to the Company
146,130

 
516,995

 
487,562

Allocation of earnings to participating securities
(757
)
 
(779
)
 
(1,493
)
Numerator for basic and diluted EPS—net income attributable to common stockholders
$
145,373

 
$
516,216

 
$
486,069

Denominator
 
 
 
 
 
Denominator for basic EPS—weighted average number of common shares outstanding
141,877

 
146,599

 
157,916

Effect of dilutive securities (1)
 
 
 
 
 
   Share and unit based compensation
36

 
112

 
144

Denominator for diluted EPS—weighted average number of common shares outstanding
141,913

 
146,711

 
158,060

EPS—net income attributable to common stockholders:
 
 
 
 
 
Basic
$
1.02

 
$
3.52

 
$
3.08

Diluted
$
1.02

 
$
3.52

 
$
3.08


____________________________________
(1)
Diluted EPS excludes 90,619, 133,366 and 139,186 convertible preferred units for the years ended December 31, 2017, 2016 and 2015, respectively, as their impact was antidilutive.
Diluted EPS excludes 10,416,321 and 10,721,271 and 10,562,154 Operating Partnership units ("OP Units") for the years ended December 31, 2017, 2016 and 2015, respectively, as their effect was antidilutive.

80
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)

4. Investments in Unconsolidated Joint Ventures:
The following are the Company's direct or indirect investments in various joint ventures with third parties. The Company's direct or indirect ownership interest in each joint venture as of December 31, 2017 was as follows:
Joint Venture
Ownership %(1)
443 Wabash MAB LLC
45.0
%
AM Tysons LLC
50.0
%
Biltmore Shopping Center Partners LLC
50.0
%
Candlestick Center LLC—Fashion Outlets of San Francisco
50.1
%
Coolidge Holding LLC
37.5
%
Corte Madera Village, LLC
50.1
%
Country Club Plaza KC Partners LLC
50.0
%
Fashion District Philadelphia—Various Entities
50.0
%
Jaren Associates #4
12.5
%
Kierland Commons Investment LLC
50.0
%
Macerich HHF Centers LLC—Various Properties
51.0
%
Macerich Northwestern Associates—Broadway Plaza
50.0
%
MS Portfolio LLC
50.0
%
New River Associates LLC—Arrowhead Towne Center
60.0
%
North Bridge Chicago LLC
50.0
%
One Scottsdale Investors LLC
50.0
%
Pacific Premier Retail LLC—Various Properties
60.0
%
Propcor II Associates, LLC—Boulevard Shops
50.0
%
Scottsdale Fashion Square Partnership
50.0
%
The Market at Estrella Falls LLC
40.1
%
TM TRS Holding Company LLC
50.0
%
Tysons Corner LLC
50.0
%
Tysons Corner Hotel I LLC
50.0
%
Tysons Corner Property Holdings II LLC
50.0
%
Tysons Corner Property LLC
50.0
%
West Acres Development, LLP
19.0
%
Westcor/Queen Creek LLC
38.2
%
Westcor/Surprise Auto Park LLC
33.3
%
WMAP, L.L.C.—Atlas Park, The Shops at
50.0
%
_______________________________________________________________________________
(1)
The Company's ownership interest in this table reflects its direct or indirect legal ownership interest. Legal ownership may, at times, not equal the Company’s economic interest in the listed entities because of various provisions in certain joint venture agreements regarding distributions of cash flow based on capital account balances, allocations of profits and losses and payments of preferred returns. As a result, the Company’s actual economic interest (as distinct from its legal ownership interest) in certain of the properties could fluctuate from time to time and may not wholly align with its legal ownership interests. Substantially all of the Company’s joint venture agreements contain rights of first refusal, buy-sell provisions, exit rights, default dilution remedies and/or other break up provisions or remedies which are customary in real estate joint venture agreements and which may, positively or negatively, affect the ultimate realization of cash flow and/or capital or liquidation proceeds.


81
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)
4. Investments in Unconsolidated Joint Ventures: (Continued)

The Company has made the following investments and dispositions in unconsolidated joint ventures during the years ended December 31, 2017, 2016 and 2015:
On February 17, 2015, the Company acquired the remaining 50% ownership interest in Inland Center, an 869,000 square foot regional shopping center in San Bernardino, California, that it did not previously own for $51,250. The purchase price was funded by a cash payment of $26,250 and the assumption of the third party's share of the mortgage note payable on the property of $25,000. Concurrent with the purchase of the joint venture interest, the Company paid off the $50,000 mortgage note payable on the property. The cash payment was funded by borrowings under the Company's line of credit. Prior to the acquisition, the Company had accounted for its investment in Inland Center under the equity method of accounting. Since the date of acquisition, the Company has included Inland Center in its consolidated financial statements (See Note 14—Acquisitions).
On April 30, 2015, the Company entered into a 50/50 joint venture with Sears to own nine freestanding stores located at Arrowhead Towne Center, Chandler Fashion Center, Danbury Fair Mall, Deptford Mall, Freehold Raceway Mall, Los Cerritos Center, South Plains Mall, Vintage Faire Mall and Washington Square. The Company invested $150,000 for a 50% ownership interest in the joint venture, which was funded by borrowings under the Company's line of credit.
On October 30, 2015, the Company sold a 40% ownership interest in Pacific Premier Retail LLC (the "PPR Portfolio"), which owns Lakewood Center, a 2,070,000 square foot regional shopping center in Lakewood, California; Los Cerritos Center, a 1,305,000 square foot regional shopping center in Cerritos, California; South Plains Mall, a 1,128,000 square foot regional shopping center in Lubbock, Texas; and Washington Square, a 1,442,000 square foot regional shopping center in Portland, Oregon, for a total sales price of $1,258,643, resulting in a gain on sale of assets of $311,194. The sales price was funded by a cash payment of $545,643 and the assumption of a pro rata share of the mortgage and other notes payable on the properties of $713,000. The Company used the cash proceeds from the sales to pay down its line of credit and for general corporate purposes, which included funding the ASR and Special Dividend (See Note 13—Stockholders' Equity). Upon completion of the sale of the ownership interest, the Company no longer has a controlling interest in the joint venture due to the substantive participation rights of the outside partner. Accordingly, the Company accounts for its investment in the PPR Portfolio under the equity method of accounting.
On January 6, 2016, the Company sold a 40% ownership interest in Arrowhead Towne Center, a 1,197,000 square foot regional shopping center in Glendale, Arizona, for $289,496, resulting in a gain on the sale of assets of $101,629. The sales price was funded by a cash payment of $129,496 and the assumption of a pro rata share of the mortgage note payable on the property of $160,000. The Company used the cash proceeds from the sale to pay down its line of credit and for general corporate purposes, which included funding the Special Dividend (See Note 13—Stockholders' Equity). Upon completion of the sale of the ownership interest, the Company no longer has a controlling interest in the joint venture due to the substantive participation rights of the outside partner. Accordingly, the Company accounts for its investment in Arrowhead Towne Center under the equity method of accounting.
On January 14, 2016, the Company formed a joint venture, whereby the Company sold a 49% ownership interest in Deptford Mall, a 1,040,000 square foot regional shopping center in Deptford, New Jersey; FlatIron Crossing, a 1,433,000 square foot regional shopping center in Broomfield, Colorado; and Twenty Ninth Street, an 847,000 square foot regional shopping center in Boulder, Colorado (the "MAC Heitman Portfolio"), for $771,478, resulting in a gain on the sale of assets of $340,734. The sales price was funded by a cash payment of $478,608 and the assumption of a pro rata share of the mortgage notes payable on the properties of $292,870. The Company used the cash proceeds from the sale to pay down its line of credit and for general corporate purposes. Upon completion of the sale of the ownership interest, the Company no longer has a controlling interest in the joint venture due to the substantive participation rights of the outside partner. Accordingly, the Company accounts for its investment in the MAC Heitman Portfolio under the equity method of accounting.
On March 1, 2016, the Company, through a 50/50 joint venture, acquired Country Club Plaza, a 1,001,000 square foot regional shopping center in Kansas City, Missouri, for a purchase price of $660,000. The Company funded its pro rata share of the purchase price of $330,000 from borrowings under its line of credit. On March 28, 2016, the joint venture placed a $320,000 loan on the property that bears interest at an effective rate of 3.88% and matures on April 1, 2026. The Company used its pro rata share of the proceeds to pay down its line of credit and for general corporate purposes.

82
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)
4. Investments in Unconsolidated Joint Ventures: (Continued)

On March 17, 2017, the Company's joint venture in Country Club Plaza sold an office building for $78,000, resulting in a gain on sale of assets of $4,580. The Company's pro rata share of the gain on sale of assets of $2,290 was included in equity in income of unconsolidated joint ventures. The Company used its share of the proceeds to fund repurchases under the 2017 Stock Buyback Program (See Note 13—Stockholders' Equity).
On September 18, 2017, the Company's joint venture in Fashion District Philadelphia sold an office building for $61,500, resulting in a gain on sale of assets of $13,078. The Company's pro rata share of the gain on sale of assets of $6,539 was included in equity in income of unconsolidated joint ventures. The Company used its share of the proceeds to fund repurchases under the 2017 Stock Buyback Program (See Note 13—Stockholders' Equity).
On December 14, 2017, the Company’s joint venture in Westcor/Queens Creek LLC sold land for $30,491, resulting in a gain on sale of assets of $14,853. The Company’s share of the gain on sale was $5,436, which was included in equity in income of unconsolidated joint ventures. The Company used its portion of the proceeds to pay down its line of credit and for general corporate purposes.
Combined and condensed balance sheets and statements of operations are presented below for all unconsolidated joint ventures.
Combined and Condensed Balance Sheets of Unconsolidated Joint Ventures as of December 31:

 
2017
 
2016
Assets(1):
 
 
 
Property, net
$
9,052,105

 
$
9,176,642

Other assets
635,838

 
614,607

Total assets
$
9,687,943

 
$
9,791,249

Liabilities and partners' capital(1):
 
 
 
Mortgage and other notes payable(2)
$
5,296,594

 
$
5,224,713

Other liabilities
405,052

 
403,369

Company's capital
2,188,057

 
2,279,819

Outside partners' capital
1,798,240

 
1,883,348

Total liabilities and partners' capital
$
9,687,943

 
$
9,791,249

Investment in unconsolidated joint ventures:
 
 
 
Company's capital
$
2,188,057

 
$
2,279,819

Basis adjustment(3)
(562,021
)
 
(584,887
)
 
$
1,626,036

 
$
1,694,932

 
 
 
 
Assets—Investments in unconsolidated joint ventures
$
1,709,522

 
$
1,773,558

Liabilities—Distributions in excess of investments in unconsolidated joint ventures
(83,486
)
 
(78,626
)
 
$
1,626,036

 
$
1,694,932

_______________________________________________________________________________

(1)
These amounts include the assets of $3,106,105 and $3,179,255 of the PPR Portfolio as of December 31, 2017 and 2016, respectively, and liabilities of $1,872,227 and $1,887,952 of the PPR Portfolio as of December 31, 2017 and 2016, respectively.

(2)
Included in mortgage and other notes payable are amounts due to affiliates of Northwestern Mutual Life ("NML") of $482,332 and $265,863 as of December 31, 2017 and 2016, respectively. NML is considered a related party because it is a joint venture partner with the Company in Macerich Northwestern Associates—Broadway Plaza. Interest expense incurred on these borrowings amounted to $17,898, $16,898 and $29,372 for the years ended December 31, 2017, 2016 and 2015, respectively.

83
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)
4. Investments in Unconsolidated Joint Ventures: (Continued)


(3)
The Company amortizes the difference between the cost of its investments in unconsolidated joint ventures and the book value of the underlying equity into income on a straight-line basis consistent with the lives of the underlying assets. The amortization of this difference was $16,562, $17,610 and $5,619 for the years ended December 31, 2017, 2016 and 2015, respectively.
Combined and Condensed Statements of Operations of Unconsolidated Joint Ventures:
 
 
 
PPR Portfolio
 
Other
Joint
Ventures
 
Total
Year Ended December 31, 2017
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
Minimum rents
 
 
$
134,450

 
$
501,732

 
$
636,182

Percentage rents
 
 
5,050

 
13,866

 
18,916

Tenant recoveries
 
 
46,575

 
189,059

 
235,634

Other
 
 
5,959

 
51,767

 
57,726

Total revenues
 
 
192,034

 
756,424

 
948,458

Expenses:
 
 
 
 
 
 
 
Shopping center and operating expenses
 
 
41,340

 
243,271

 
284,611

Interest expense
 
 
67,053

 
131,714

 
198,767

Depreciation and amortization
 
 
101,625

 
250,921

 
352,546

Total operating expenses
 
 
210,018

 
625,906

 
835,924

(Loss) gain on sale of assets
 
 
(36
)
 
33,861

 
33,825

Net (loss) income
 
 
$
(18,020
)
 
$
164,379

 
$
146,359

Company's equity in net (loss) income
 
 
$
(453
)
 
$
85,999

 
$
85,546

 
 
 
 
 
 
 
 
Year Ended December 31, 2016
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
Minimum rents
 
 
$
129,145

 
$
471,139

 
$
600,284

Percentage rents
 
 
5,437

 
15,480

 
20,917

Tenant recoveries
 
 
47,856

 
187,288

 
235,144

Other
 
 
6,303

 
49,937

 
56,240

Total revenues
 
 
188,741

 
723,844

 
912,585

Expenses:
 
 
 
 
 
 
 
Shopping center and operating expenses
 
 
39,804

 
234,704

 
274,508

Interest expense
 
 
64,626

 
123,043

 
187,669

Depreciation and amortization
 
 
108,880

 
251,498

 
360,378

Total operating expenses
 
 
213,310

 
609,245

 
822,555

Loss on sale of assets
 
 
—

 
(375
)
 
(375
)
Net (loss) income
 
 
$
(24,569
)
 
$
114,224

 
$
89,655

Company's equity in net (loss) income
 
 
$
(3,088
)
 
$
60,029

 
$
56,941

 
 
 
 
 
 
 
 

84
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)
4. Investments in Unconsolidated Joint Ventures: (Continued)

 
 
 
PPR Portfolio(1)
 
Other
Joint
Ventures
 
Total
Year Ended December 31, 2015
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
Minimum rents
 
 
$
21,172

 
$
293,921

 
$
315,093

Percentage rents
 
 
2,569

 
13,188

 
15,757

Tenant recoveries
 
 
8,408

 
129,059

 
137,467

Other
 
 
1,182

 
33,931

 
35,113

Total revenues
 
 
33,331

 
470,099

 
503,430

Expenses:
 
 
 
 
 
 
 
Shopping center and operating expenses
 
 
6,852

 
165,795

 
172,647

Interest expense
 
 
10,448

 
78,279

 
88,727

Depreciation and amortization
 
 
16,919

 
133,707

 
150,626

Total operating expenses
 
 
34,219

 
377,781

 
412,000

Gain on sale of assets
 
 
—

 
9,850

 
9,850

Loss on extinguishment of debt
 
 
—

 
(3
)
 
(3
)
Net (loss) income
 
 
$
(888
)
 
$
102,165

 
$
101,277

Company's equity in net income
 
 
$
1,409

 
$
43,755

 
$
45,164

 
 
 
 
 
 
 
 
_______________________________________________________________________________

(1)
These amounts exclude the results of operations from January 1, 2015 to October 29, 2015, as the PPR Portfolio was converted from Consolidated Centers to an Unconsolidated Joint Venture Centers effective October 30, 2015, as a result of the PPR Portfolio transaction as discussed above.
Significant accounting policies used by the unconsolidated joint ventures are similar to those used by the Company.
5. Derivative Instruments and Hedging Activities:
The Company recorded other comprehensive loss related to the marking-to-market of an interest rate cap agreement of $42 for the year ended December 31, 2017. There were no derivatives outstanding at December 31, 2016 or 2015.
        The following derivative was outstanding at December 31, 2017:
Property
 
Notional Amount
 
Product
 
LIBOR Rate
 
Maturity
 
Fair Value
Santa Monica Place
 
$
300,000

 
Cap
 
4.00
%
 
12/9/2019
 
$
11

        The above interest rate cap agreement was designated as a hedging instrument with a fair value of $11 that was included in deferred charges and other assets, net at December 31, 2017.

85
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)

6. Property, net:
Property at December 31, 2017 and 2016 consists of the following:
 
2017
 
2016
Land
$
1,567,152

 
$
1,607,590

Buildings and improvements
6,385,035

 
6,511,741

Tenant improvements
620,352

 
622,878

Equipment and furnishings
187,998

 
177,036

Construction in progress
366,996

 
289,966

 
9,127,533

 
9,209,211

Less accumulated depreciation
(2,018,303
)
 
(1,851,901
)
 
$
7,109,230

 
$
7,357,310


Depreciation expense for the years ended December 31, 2017, 2016 and 2015 was $277,917, $277,270 and $354,977, respectively.
The gain on sale or write down of assets, net for the year ended December 31, 2017 includes a gain of $59,577 on the sale of Cascade Mall and Northgate Mall (See Note 15—Dispositions), $14,597 on the sale of 500 North Michigan Avenue (See Note 15—Dispositions) and $1,564 on the sales of land. These gains were offset in part by a loss of $22,108 on impairment, $10,138 on the write down of an investment in non-real estate assets and $1,046 on the write off of development costs. The loss on impairment was due to the reduction of the estimated holding periods of Southridge Center and Promenade at Casa Grande.
The gain on sale or write down of assets, net for the year ended December 31, 2016 includes a gain of $101,629 on the sale of a 40% ownership interest in Arrowhead Towne Center (See Note 4—Investments in Unconsolidated Joint Ventures), $340,734 on the sale of a 49% ownership interest in the MAC Heitman Portfolio (See Note 4—Investments in Unconsolidated Joint Ventures), $24,894 on the sale of Capitola Mall (See Note 15—Dispositions) and $4,546 on the sale of land. These gains were offset in part by a loss of $39,671 on impairment, a charge of $12,180 from a contingent consideration obligation, a loss of $3,066 on the sale of a former Mervyn's store (See Note 15—Dispositions) and $1,538 on the write-off of development costs. The loss on impairment was due to the reduction of the estimated holding periods of Cascade Mall, Promenade at Casa Grande, The Marketplace at Flagstaff and a freestanding store.
The gain on sale or write down of assets, net for the year ended December 31, 2015 includes the gain of $311,194 on the sale of a 40% ownership interest in the PPR Portfolio (See Note 4—Investments in Unconsolidated Joint Ventures), $73,726 on the sale of Panorama Mall (See Note 15—Dispositions), $2,336 on the sale of assets and $1,807 on the sale of land offset in part by a loss of $9,963 on impairment and $852 on the write-off of development costs. The loss on impairment was due to the reduction of the estimated holding periods of Flagstaff Mall (See Note 15—Dispositions) and a freestanding store.

86
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)
6. Property, net: (Continued)

The following table summarizes certain of the Company's assets that were measured on a nonrecurring basis as a result of impairment charges recorded for the years ended December 31, 2017, 2016 and 2015 as described above:
Years ended December, 31
 
Total Fair Value Measurement
 
Quoted Prices in Active Markets for Identical Assets
 
Significant Other Observable Inputs
 
Significant Unobservable Inputs
 
 
(Level 1)
 
(Level 2)
 
(Level 3)
2017
 
$
38,000

 
$
—

 
$
38,000

 
$
—

2016
 
$
86,100

 
$
—

 
$
—

 
$
86,100

2015
 
$
49,700

 
$
—

 
$
6,200

 
$
43,500

The fair value relating to impairments that were based on sales contracts were classified within Level 2 of the fair value hierarchy. The fair value relating to impairment assessments that were not based on sales contracts were based on a discounted cash flow model that included all cash inflows and outflows over a specific holding period. Such projected cash flows are comprised of contractual rental revenues and forecasted rental revenues and expenses based upon market conditions and expectations for growth. Terminal capitalization rates and discount rates utilized in these models are based on a reasonable range of current market rates for each property analyzed. Based upon these inputs, the Company determined that its valuations of properties using a discounted cash flow model are classified within Level 3 of the fair value hierarchy.
The following table sets forth quantitative information about the unobservable inputs of the Company’s Level 3 real estate recorded as of December 31, 2016 and 2015:
Unobservable Inputs
 
2016
 
2015
Terminal capitalization rate
 
7.0% - 10.0%
 
9.0%
Discount rate
 
8.0% - 15.0%
 
9.5%
Market rents per square foot
 
$2.00 - $20.00
 
$5.00 - $150.00
7. Tenant and Other Receivables, net:
Included in tenant and other receivables, net is an allowance for doubtful accounts of $2,786 and $1,991 at December 31, 2017 and 2016, respectively. Also included in tenant and other receivables, net are accrued percentage rents of $8,711 and $9,509 at December 31, 2017 and 2016, respectively, and a deferred rent receivable due to straight-line rent adjustments of $61,859 and $56,761 at December 31, 2017 and 2016, respectively.
On March 17, 2014, in connection with the sale of Lake Square Mall, a 559,000 square foot regional shopping center in Leesburg, Florida, the Company issued a note receivable for $6,500 that bore interest at an effective rate of 6.5% and was to mature on March 17, 2018 ("LSM Note A") and a note receivable for $3,103 that bore interest at 5.0% and was to mature on December 31, 2014 ("LSM Note B"). LSM Note A and LSM Note B were paid off on October 20, 2017 and September 2, 2014, respectively.

87
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)

8. Deferred Charges and Other Assets, net:
Deferred charges and other assets, net at December 31, 2017 and 2016 consist of the following:
 
2017
 
2016
Leasing
$
232,819

 
$
239,983

Intangible assets:
 
 
 
In-place lease values(1)
108,432

 
140,437

Leasing commissions and legal costs(1)
25,958

 
32,384

   Above-market leases
164,040

 
181,851

Deferred tax assets
29,006

 
38,301

Deferred compensation plan assets
52,221

 
42,711

Distributions in excess of co-venture obligation(2)
31,150

 
—

Other assets
66,990

 
72,206

 
710,616

 
747,873

Less accumulated amortization(3)
(261,426
)
 
(269,815
)
 
$
449,190

 
$
478,058

_______________________________


(1)
The amortization of these intangible assets for the next five years and thereafter is as follows:
Year Ending December 31,
 
2018
$
13,165

2019
11,115

2020
8,418

2021
6,866

2022
5,136

Thereafter
15,183

 
$
59,883


(2)
See Note 11—Co-Venture Arrangement.

(3)
Accumulated amortization includes $74,507 and $88,785 relating to in-place lease values, leasing commissions and legal costs at December 31, 2017 and 2016, respectively. Amortization expense for in-place lease values, leasing commissions and legal costs was $19,988, $33,048 and $69,460 for the years ended December 31, 2017, 2016 and 2015, respectively.

88
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)
8. Deferred Charges and Other Assets, net: (Continued)

The allocated values of above-market leases and below-market leases consist of the following:
 
2017
 
2016
Above-Market Leases
 
 
 
Original allocated value
$
164,040

 
$
181,851

Less accumulated amortization
(60,210
)
 
(57,505
)
 
$
103,830

 
$
124,346

Below-Market Leases(1)
 
 
 
Original allocated value
$
120,573

 
$
144,713

Less accumulated amortization
(55,489
)
 
(58,400
)
 
$
65,084

 
$
86,313

_______________________________
(1)
Below‑market leases are included in other accrued liabilities.

The allocated values of above and below-market leases will be amortized into minimum rents on a straight-line basis over the individual remaining lease terms. The amortization of these values for the next five years and thereafter is as follows:
Year Ending December 31,
 
Above
Market
 
Below
Market
2018
 
$
11,109

 
$
11,657

2019
 
9,265

 
10,400

2020
 
8,088

 
8,016

2021
 
6,944

 
6,286

2022
 
5,370

 
5,201

Thereafter
 
63,054

 
23,524

 
 
$
103,830

 
$
65,084


89
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)

9. Mortgage Notes Payable:
Mortgage notes payable at December 31, 2017 and 2016 consist of the following:
 
 
Carrying Amount of Mortgage Notes(1)
 
 
 
 
 
 
 
 
2017
 
2016
 
Effective Interest
Rate(2)
 
Monthly
Debt
Service(3)
 
Maturity
Date(4)
Property Pledged as Collateral
 
Related Party
 
Other
 
Related Party
 
Other
 
Chandler Fashion Center(5)
 
—

 
199,904

 
—

 
199,833

 
3.77
%
 
625

 
2019
Danbury Fair Mall
 
104,599

 
104,598

 
107,929

 
107,928

 
5.53
%
 
1,538

 
2020
Fashion Outlets of Chicago(6)
 
—

 
199,298

 
—

 
198,966

 
3.02
%
 
477

 
2020
Fashion Outlets of Niagara Falls USA
 
—

 
112,770

 
—

 
115,762

 
4.89
%
 
727

 
2020
Freehold Raceway Mall(5)(7)
 
—

 
398,050

 
—

 
220,643

 
3.94
%
 
1,300

 
2029
Fresno Fashion Fair
 
—

 
323,261

 
—

 
323,062

 
3.67
%
 
971

 
2026
Green Acres Commons(8)
 
—

 
107,219

 
—

 
—

 
4.07
%
 
322

 
2021
Green Acres Mall
 
—

 
291,366

 
—

 
297,798

 
3.61
%
 
1,447

 
2021
Kings Plaza Shopping Center
 
—

 
447,231

 
—

 
456,958

 
3.67
%
 
2,229

 
2019
Northgate Mall(9)
 
—

 
—

 
—

 
63,434

 


 


 

Oaks, The
 
—

 
196,732

 
—

 
201,235

 
4.14
%
 
1,064

 
2022
Pacific View
 
—

 
124,397

 
—

 
127,311

 
4.08
%
 
668

 
2022
Queens Center
 
—

 
600,000

 
—

 
600,000

 
3.49
%
 
1,744

 
2025
Santa Monica Place(10)
 
—

 
296,366

 
—

 
219,564

 
3.13
%
 
706

 
2022
SanTan Village Regional Center
 
—

 
124,703

 
—

 
127,724

 
3.14
%
 
589

 
2019
Stonewood Center(11)
 
—

 
—

 
—

 
99,520

 


 


 

Towne Mall
 
—

 
21,161

 
—

 
21,570

 
4.48
%
 
117

 
2022
Tucson La Encantada
 
66,970

 
—

 
68,513

 
—

 
4.23
%
 
368

 
2022
Victor Valley, Mall of
 
—

 
114,617

 
—

 
114,559

 
4.00
%
 
380

 
2024
Vintage Faire Mall
 
—

 
263,818

 
—

 
269,228

 
3.55
%
 
1,256

 
2026
Westside Pavilion
 
—

 
141,020

 
—

 
143,881

 
4.49
%
 
783

 
2022
 
 
$
171,569

 
$
4,066,511

 
$
176,442

 
$
3,908,976

 
 

 
 

 
 


(1)
The mortgage notes payable balances include the unamortized debt premiums. Debt premiums represent the excess of the fair value of debt over the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method.        
The debt premiums as of December 31, 2017 and 2016 consist of the following:
Property Pledged as Collateral
 
2017
 
2016
Fashion Outlets of Niagara Falls USA
 
$
2,630

 
$
3,558

Stonewood Center
 
—

 
2,349

 
 
$
2,630

 
$
5,907

The mortgage notes payable balances also include unamortized deferred finance costs that are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. Unamortized deferred finance costs were $17,838 and $12,716 at December 31, 2017 and 2016, respectively.
(2)
The interest rate disclosed represents the effective interest rate, including the debt premiums and deferred finance costs.
(3)
The monthly debt service represents the payment of principal and interest.

90
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)
9. Mortgage Notes Payable: (continued)

(4)
The maturity date assumes that all extension options are fully exercised and that the Company does not opt to refinance the debt prior to these dates. These extension options are at the Company's discretion, subject to certain conditions, which the Company believes will be met.
(5)
A 49.9% interest in the loan has been assumed by a third party in connection with a co-venture arrangement (See Note 11—Co-Venture Arrangement).
(6)
The loan bears interest at LIBOR plus 1.50% and matures on March 31, 2020. At December 31, 2017 and 2016, the total interest rate was 3.02% and 2.43%, respectively.
(7)
On October 19, 2017, the joint venture replaced the existing loan on the property with a new $400,000 loan that bears interest at an effective rate of 3.94% and matures on November 1, 2029.
(8)
On September 29, 2017, the Company placed a new $110,000 loan on the property that bears interest at LIBOR plus 2.15% and matures on March 29, 2021. The loan can be expanded, depending on certain conditions, up to $130,000. At December 31, 2017, the total interest rate was 4.07%.
(9)
On January 18, 2017, the loan was paid off in connection with sale of the underlying property (See Note 15—Dispositions).
(10)
On December 4, 2017, the Company replaced the existing loan on the property with a new $300,000 loan that bears interest at LIBOR plus 1.35% and matures on December 9, 2019 with three one-year extension options. The loan is covered by an interest rate cap agreement that effectively prevents LIBOR from exceeding 4.00% (See Note 5—Derivative Instruments and Hedging Activities). At December 31, 2017 the total interest rate was 3.13%.
(11)
On November 1, 2017, the Company paid off the loan on the property.
Most of the mortgage loan agreements contain a prepayment penalty provision for the early extinguishment of the debt.
As of December 31, 2017, all of the Company's mortgage notes payable are secured by the properties on which they are placed and are non-recourse to the Company.
Total interest expense capitalized during the years ended December 31, 2017, 2016 and 2015 was $13,160, $10,316 and $13,052, respectively.
Related party mortgage notes payable are amounts due to affiliates of NML. See Note 18—Related Party Transactions for interest expense associated with loans from NML.
The estimated fair value (Level 2 measurement) of mortgage notes payable at December 31, 2017 and 2016 was $4,250,816 and $4,126,819, respectively, based on current interest rates for comparable loans. Fair value was determined using a present value model and an interest rate that included a credit value adjustment based on the estimated value of the property that serves as collateral for the underlying debt.
The future maturities of mortgage notes payable are as follows:
Year Ending December 31,
 
2018
$
49,800

2019
796,591

2020
528,456

2021
401,733

2022
802,552

Thereafter
1,674,156

 
4,253,288

Debt premium
2,630

Deferred finance cost, net
(17,838
)
 
$
4,238,080

The future maturities reflected above reflect the extension options that the Company believes will be exercised.

91
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)

10. Bank and Other Notes Payable:
Bank and other notes payable at December 31, 2017 and 2016 consist of the following:
Line of Credit:
The Company has a $1,500,000 revolving line of credit that bears interest at LIBOR plus a spread of 1.30% to 1.90%, depending on the Company's overall leverage level, and matures on July 6, 2020 with a one-year extension option. The line of credit can be expanded, depending on certain conditions, up to a total facility of $2,000,000.
Based on the Company's leverage level as of December 31, 2017, the borrowing rate on the facility was LIBOR plus 1.45%. As of December 31, 2017 and 2016, borrowings under the line of credit, were $935,000 and $885,000, respectively, less unamortized deferred finance costs of $7,548 and $10,039, respectively, at a total interest rate of 3.13% and 2.40%, respectively. The estimated fair value (Level 2 measurement) of the line of credit at December 31, 2017 and 2016 was $919,158 and $865,921, respectively, based on a present value model using a credit interest rate spread offered to the Company for comparable debt.
Term Loan:
On December 8, 2011, the Company obtained a $125,000 unsecured term loan under the line of credit that bore interest at LIBOR plus a spread of 1.95% to 3.20%, depending on the Company's overall leverage level, and was to mature on December 8, 2018. On October 23, 2015, the Company paid off the term loan, which resulted in a loss of $578 on the early extinguishment of debt.
Prasada Note:
On March 29, 2013, the Company issued a $13,330 note payable that bears interest at 5.25% and matures on May 30, 2021. The note payable is collateralized by a portion of a development reimbursement agreement with the City of Surprise, Arizona. At December 31, 2017 and 2016, the note had a balance of $4,732 and $5,521, respectively. The estimated fair value (Level 2 measurement) of the note at December 31, 2017 and 2016 was $4,717 and $5,786, respectively, based on current interest rates for comparable notes. Fair value was determined using a present value model and an interest rate that included a credit value adjustment based on the estimated value of the collateral for the underlying debt.
As of December 31, 2017 and 2016, the Company was in compliance with all applicable financial loan covenants.
The future maturities of bank and other notes payable are as follows:
Year Ending December 31,
 
2018
$
830

2019
875

2020
922

2021
937,105

 
939,732

Deferred finance cost
(7,548
)
 
$
932,184


The future maturities reflected above reflect the extension options that the Company believes will be exercised.


92
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)

11. Co-Venture Arrangement:
On September 30, 2009, the Company formed a joint venture, whereby a third party acquired a 49.9% interest in Freehold Raceway Mall, a 1,671,000 square foot regional shopping center in Freehold, New Jersey, and Chandler Fashion Center, a 1,318,000 square foot regional shopping center in Chandler, Arizona.
As a result of the Company having certain rights under the agreement to repurchase the assets after the seventh year of the venture formation, the transaction did not qualify for sale treatment. The Company, however, is not obligated to repurchase the assets. The transaction has been accounted for as a profit-sharing arrangement, and accordingly the assets, liabilities and operations of the properties remain on the books of the Company and a co-venture obligation was established for the amount of $168,154, representing the net cash proceeds received from the third party less costs allocated to the warrant. The co-venture obligation was increased for the allocation of income to the co-venture partner and decreased for distributions to the co-venture partner. On October 19, 2017, the joint venture replaced the existing loan on Freehold Raceway Mall with a new $400,000 loan. The subsequent distribution of a share of the net proceeds from the refinancing to the outside partner exceeded the co-venture obligation.
At December 31, 2017 and 2016, the Company had the following asset and liability related to the co-venture arrangement:
 
2017
 
2016
Asset—Distributions in excess of co-venture obligation(1)
$
31,150

 
$
—

Liability—Co-venture obligation
$
—

 
$
58,973

_______________________________________________________________________________
(1)
See Note 8—Deferred Charges and Other Assets, net
12. Noncontrolling Interests:
The Company allocates net income of the Operating Partnership based on the weighted-average ownership interest during the period. The net income of the Operating Partnership that is not attributable to the Company is reflected in the consolidated statements of operations as noncontrolling interests. The Company adjusts the noncontrolling interests in the Operating Partnership periodically to reflect its ownership interest in the Company. The Company had a 93% ownership interest in the Operating Partnership as of December 31, 2017 and 2016. The remaining 7% limited partnership interest as of December 31, 2017 and 2016, was owned by certain of the Company's executive officers and directors, certain of their affiliates, and other third party investors in the form of OP Units. The OP Units may be redeemed for shares of registered or unregistered stock or cash, at the Company's option. The redemption value for each OP Unit as of any balance sheet date is the amount equal to the average of the closing price per share of the Company's common stock, par value $0.01 per share, as reported on the New York Stock Exchange for the ten trading days ending on the respective balance sheet date. Accordingly, as of December 31, 2017 and 2016, the aggregate redemption value of the then-outstanding OP Units not owned by the Company was $671,592 and $733,141, respectively.
The Company issued common and cumulative preferred units of MACWH, LP in April 2005 in connection with the acquisition of the Wilmorite portfolio. The common and preferred units of MACWH, LP are redeemable at the election of the holder, the Company may redeem them for cash or shares of the Company's stock at the Company's option, and they are classified as permanent equity.
Included in permanent equity are outside ownership interests in various consolidated joint ventures. The joint ventures do not have rights that require the Company to redeem the ownership interests in either cash or stock.

93
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)

13. Stockholders' Equity:
2015 Stock Buyback Program:
On September 30, 2015, the Company's Board of Directors authorized the repurchase of up to $1,200,000 of the Company's outstanding common shares over the period ending September 30, 2017, as market conditions warranted.
On November 12, 2015, the Company entered into an accelerated share repurchase program ("ASR") to repurchase $400,000 of the Company's common stock. In accordance with the ASR, the Company made a prepayment of $400,000 and received an initial share delivery of 4,140,788 shares. On January 19, 2016, the ASR was completed and the Company received delivery of an additional 970,609 shares. The average price of the 5,111,397 shares repurchased under the ASR was $78.26 per share. The ASR was funded from proceeds in connection with the financing and sale of the ownership interest in the PPR Portfolio (See Note 4—Investments in Unconsolidated Joint Ventures).
On February 17, 2016, the Company entered into an ASR to repurchase an additional $400,000 of the Company's common stock. In accordance with the ASR, the Company made a prepayment of $400,000 and received an initial share delivery of 4,222,193 shares. On April 19, 2016, the ASR was completed and the Company received delivery of an additional 861,235 shares. The average price of the 5,083,428 shares repurchased under the ASR was $78.69 per share. The ASR was funded from borrowings under the Company's line of credit, which had been recently paid down from the proceeds from the financings and sale of ownership interests in Arrowhead Towne Center and the MAC Heitman Portfolio (See Note 4—Investments in Unconsolidated Joint Ventures).
On May 9, 2016, the Company entered into an ASR to repurchase the remaining $400,000 of the Company's common stock authorized for repurchase. In accordance with the ASR, the Company made a prepayment of $400,000 and received an initial share delivery of 3,964,812 shares. On July 11, 2016, the ASR was completed and the Company received delivery of an additional 1,104,162 shares. The average price of the 5,068,974 shares repurchased under the ASR was $78.91 per share. The ASR was funded from borrowings under the Company's line of credit, which had been recently paid down from the proceeds from the financings and sale of ownership interests in Arrowhead Towne Center and the MAC Heitman Portfolio (See Note 4—Investments in Unconsolidated Joint Ventures).
2017 Stock Buyback Program:
On February 12, 2017, the Company's Board of Directors authorized the repurchase of up to $500,000 of its outstanding common shares as market conditions and the Company’s liquidity warrant. Repurchases may be made through open market purchases, privately negotiated transactions, structured or derivative transactions, including ASR transactions, or other methods of acquiring shares and pursuant to Rule 10b5-1 of the Securities Act of 1934, from time to time as permitted by securities laws and other legal requirements.
During the period from February 12, 2017 to December 31, 2017, the Company repurchased a total of 3,627,390 of its common shares for $221,428, representing an average price of $61.01 per share. The Company funded the repurchases from the net proceeds of the sale of Cascade Mall and Northgate Mall (See Note 15—Dispositions), its share of the proceeds from the sale of office buildings at Country Club Plaza and Fashion District Philadelphia (See Note 4—Investments in Unconsolidated Joint Ventures) and from borrowings under its line of credit.

94
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)
13. Stockholders' Equity: (Continued)

Special Dividends:
On October 30, 2015, the Company declared two special dividends/distributions ("Special Dividend"), each of $2.00 per share of common stock and per OP Unit. The first Special Dividend was paid on December 8, 2015 to stockholders and OP Unit holders of record on November 12, 2015. The second Special Dividend was paid on January 6, 2016 to common stockholders and OP Unit holders of record on November 12, 2015. The Special Dividends were funded from proceeds in connection with the financing and sale of ownership interests in the PPR Portfolio and Arrowhead Towne Center (See Note 4—Investments in Unconsolidated Joint Ventures).
At-The-Market Stock Offering Program ("ATM Program"):
On August 20, 2014, the Company entered into an equity distribution agreement with a number of sales agents (the "ATM Program") to issue and sell, from time to time, shares of common stock, par value $0.01 per share, having an aggregate offering price of up to $500,000. The ATM Program expired by its terms in August 2017. No shares were sold under the ATM Program.
14. Acquisitions:
Fashion Outlets of Chicago:
On October 31, 2014, the Company purchased the outside ownership interest in its consolidated joint venture in Fashion Outlets of Chicago, for $69,987. The purchase agreement included contingent consideration based on the financial performance of Fashion Outlets of Chicago. On August 19, 2016, the Company paid $23,800 in full settlement of the contingent consideration obligation.
Inland Center:
On February 17, 2015, the Company acquired the remaining 50% ownership interest in Inland Center that it did not previously own for $51,250. The purchase price was funded by a cash payment of $26,250 and the assumption of the third party's share of the mortgage note payable on the property of $25,000. Prior to the acquisition, the Company had accounted for its investment in Inland Center under the equity method of accounting (See Note 4—Investments in Unconsolidated Joint Ventures). As a result of this transaction, the Company obtained 100% ownership of Inland Center. The acquisition was completed in order to obtain 100% ownership and control over this asset.
The following is a summary of the allocation of the fair value of Inland Center:
Property
$
91,871

Deferred charges
9,752

Other assets
5,782

Total assets acquired
107,405

Mortgage note payable
50,000

Other accrued liabilities
4,905

Total liabilities assumed
54,905

Fair value of acquired net assets (at 100% ownership)
$
52,500


95
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)
14. Acquisitions: (Continued)

The Company determined that the purchase price represented the fair value of the additional ownership interest in Inland Center that was acquired.
Fair value of existing ownership interest (at 50% ownership)
$
26,250

Carrying value of investment
(4,161
)
Gain on remeasurement of assets
$
22,089

The following is the reconciliation of the purchase price to the fair value of the acquired net assets:
Purchase price
$
51,250

Less debt assumed
(25,000
)
Carrying value of investment
4,161

Gain on remeasurement of assets
22,089

Fair value of acquired net assets (at 100% ownership)
$
52,500

From the date of acquisition, the Company has included Inland Center in its consolidated financial statements.
15. Dispositions:
On June 30, 2015, the Company conveyed Great Northern Mall, an 895,000 square foot regional shopping center in Clay, New York, to the mortgage lender by a deed-in-lieu of foreclosure and was discharged from the mortgage note payable. The loan was nonrecourse to the Company. As a result, the Company recognized a loss on the extinguishment of debt of $1,627.
On November 19, 2015, the Company sold Panorama Mall, a 312,000 square foot community center in Panorama City, California, for $98,000, resulting in a gain on the sale of assets of $73,726. The Company used the proceeds from the sale to pay down its line of credit and for general corporate purposes.
On April 13, 2016, the Company sold Capitola Mall, a 586,000 square foot regional shopping center in Capitola, California, for $93,000, resulting in a gain on the sale of assets of $24,894. The Company used the proceeds from the sale to pay down its line of credit and for general corporate purposes.
On May 31, 2016, the Company sold a former Mervyn's store in Yuma, Arizona, for $3,200, resulting in a loss on the sale of assets of $3,066. The Company used the proceeds from the sale to pay down its line of credit and for general corporate purposes.
On July 15, 2016, the Company conveyed Flagstaff Mall, a 347,000 square foot regional shopping center in Flagstaff, Arizona, to the mortgage lender by a deed-in-lieu of foreclosure and was discharged from the mortgage note payable. The loan was non-recourse to the Company. As a result, the Company recognized a gain on the extinguishment of debt of $5,284.
On January 18, 2017, the Company sold Cascade Mall, a 589,000 square foot regional shopping center in Burlington, Washington; and Northgate Mall, a 750,000 square foot regional shopping center in San Rafael, California, in a combined transaction for $170,000, resulting in a gain on the sale of assets of $59,577. The proceeds were used to pay off the mortgage note payable on Northgate Mall and to repurchase shares of the Company's common stock under the 2017 Stock Buyback Program (See Note 13—Stockholders' Equity).
On November 16, 2017, the Company sold 500 North Michigan Avenue, a 326,000 square foot office building in Chicago, Illinois for $86,350, resulting in a gain on sale of assets of $14,597. The Company used the proceeds from the sale to pay down its line of credit and for other general corporate purposes.

96
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)

16. Future Rental Revenues:
Under existing non-cancelable operating lease agreements, tenants are committed to pay the following minimum rental payments to the Company:
Year Ending December 31,
 
2018
$
508,750

2019
432,248

2020
386,803

2021
332,080

2022
283,600

Thereafter
850,735

 
$
2,794,216


17. Commitments and Contingencies:
The Company has certain properties subject to non-cancelable operating leases. The leases expire at various times through 2098, subject in some cases to options to extend the terms of the lease. Certain leases provide for contingent rent payments based on a percentage of base rental income, as defined in the lease. Lease rent expenses were $18,499, $16,495 and $17,938 for the years ended December 31, 2017, 2016 and 2015, respectively. No contingent rent was incurred for the years ended December 31, 2017, 2016 or 2015.
Minimum future rental payments required under the leases are as follows:
Year Ending December 31,
 
2018
$
10,461

2019
9,334

2020
9,351

2021
8,999

2022
9,021

Thereafter
208,184

 
$
255,350


As of December 31, 2017, the Company was contingently liable for $60,588 in letters of credit guaranteeing performance by the Company of certain obligations relating to the Centers. The Company does not believe that these letters of credit will result in a liability to the Company.
The Company has entered into a number of construction agreements related to its redevelopment and development activities. Obligations under these agreements are contingent upon the completion of the services within the guidelines specified in the relevant agreement. At December 31, 2017, the Company had $40,121 in outstanding obligations, which it believes will be settled in the next twelve months.

97
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)

18. Related Party Transactions:
Certain unconsolidated joint ventures have engaged the Management Companies to manage the operations of the Centers. Under these arrangements, the Management Companies are reimbursed for compensation paid to on-site employees, leasing agents and project managers at the Centers, as well as insurance costs and other administrative expenses. The following are fees charged to unconsolidated joint ventures for the years ended December 31:
 
2017
 
2016
 
2015
Management fees
$
19,105

 
$
17,937

 
$
10,064

Development and leasing fees
15,558

 
13,907

 
9,615

 
$
34,663

 
$
31,844

 
$
19,679


Certain mortgage notes on the properties are held by NML (See Note 9—Mortgage Notes Payable). Interest expense in connection with these notes was $8,731, $8,973 and $10,515 for the years ended December 31, 2017, 2016 and 2015, respectively. Included in accounts payable and accrued expenses is interest payable to this related party of $716 and $736 at December 31, 2017 and 2016, respectively.
Due from (to) affiliates includes $5,411 and $(6,809) of unreimbursed (prepaid) costs and fees due from (to) unconsolidated joint ventures under management agreements at December 31, 2017 and 2016, respectively.
In addition, due from affiliates at December 31, 2017 and 2016 includes a note receivable from RED/303 LLC ("RED") that bears interest at 5.25% and matures on May 30, 2021. Interest income earned on this note was $268, $366 and $520 for the years ended December 31, 2017, 2016 and 2015, respectively. The balance on this note receivable was $4,796 and $5,593 at December 31, 2017 and 2016, respectively. RED is considered a related party because it is a partner in a joint venture development project. The note is collateralized by RED's interest in a development agreement.
Also included in due from affiliates is a note receivable from Lennar Corporation that bears interest at LIBOR plus 2% and matures upon the completion of certain milestones in connection with the development of Fashion Outlets of San Francisco. Interest income earned on this note was $2,513, $2,234 and $1,872 for the years ended December 31, 2017, 2016 and 2015, respectively. The balance on this note was $71,955 and $69,443 at December 31, 2017 and 2016, respectively. Lennar Corporation is considered a related party because it has an ownership interest in Fashion Outlets of San Francisco.
19. Share and Unit-based Plans:
The Company has established share and unit-based compensation plans for the purpose of attracting and retaining executive officers, directors and key employees.
2003 Equity Incentive Plan:
The 2003 Equity Incentive Plan ("2003 Plan") authorizes the grant of stock awards, stock options, stock appreciation rights, stock units, stock bonuses, performance-based awards, dividend equivalent rights and OP Units or other convertible or exchangeable units. As of December 31, 2017, stock awards, stock units, LTIP Units (as defined below), stock appreciation rights ("SARs") and stock options have been granted under the 2003 Plan. All stock options or other rights to acquire common stock granted under the 2003 Plan have a term of 10 years or less. These awards were generally granted based on the performance of the Company and the employees. None of the awards have performance requirements other than a service condition of continued employment unless otherwise provided. All awards are subject to restrictions determined by the Company's compensation committee. The aggregate number of shares of common stock that may be issued under the 2003 Plan is 19,825,428 shares. As of December 31, 2017, there were 6,176,479 shares available for issuance under the 2003 Plan.

98
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)
19. Share and Unit-Based Plans: (Continued)

Stock Awards:
The value of the stock awards was determined by the market price of the Company's common stock on the date of the grant. The following table summarizes the activity of non-vested stock awards during the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
 
Shares
 
Weighted
Average
Grant Date
Fair Value
 
Shares
 
Weighted
Average
Grant Date
Fair Value
 
Shares
 
Weighted
Average
Grant Date
Fair Value
Balance at beginning of year
—

 
$
—

 
1,612

 
$
62.01

 
9,189

 
$
59.25

Granted
—

 
—

 
—

 
—

 
—

 
—

Vested
—

 
—

 
(1,612
)
 
62.01

 
(7,577
)
 
58.67

Balance at end of year
—

 
$
—

 
—

 
$
—

 
1,612

 
$
62.01


Stock Units:
The stock units represent the right to receive upon vesting one share of the Company's common stock for one stock unit. The value of the stock units was determined by the market price of the Company's common stock on the date of the grant. The following table summarizes the activity of non-vested stock units during the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
 
Units
 
Weighted
Average
Grant Date
Fair Value
 
Units
 
Weighted
Average
Grant Date
Fair Value
 
Units
 
Weighted
Average
Grant Date
Fair Value
Balance at beginning of year
148,428

 
$
78.53

 
132,086

 
$
74.58

 
144,374

 
$
59.94

Granted
86,827

 
66.46

 
85,601

 
79.22

 
77,282

 
86.53

Vested
(81,205
)
 
75.62

 
(69,259
)
 
71.82

 
(86,761
)
 
61.29

Forfeited
(2,695
)
 
69.57

 
—

 
—

 
(2,809
)
 
86.72

Balance at end of year
151,355

 
$
73.32

 
148,428

 
$
78.53

 
132,086

 
$
74.58


SARs:
The executives and key employees have up to 10 years from the grant date to exercise the SARs. Upon exercise, the executives and key employees will receive unrestricted common shares for the appreciation in value of the SARs from the grant date to the exercise date.
The Company determined the value of each SAR awarded during the year ended December 31, 2012 to be $9.67 using the Black‑Scholes Option Pricing Model based upon the following assumptions: volatility of 25.85%, dividend yield of 3.69%, risk free rate of 1.20%, current value of $59.57 and an expected term of 8 years. The value of each of the other outstanding SARs was determined at the grant date to be $7.68 based upon the following assumptions: volatility of 22.52%, dividend yield of 5.23%, risk free rate of 3.15%, current value of $61.17 and an expected term of 8 years. The assumptions for volatility and dividend yield were based on the Company's historical experience as a publicly traded company, the current value was based on the closing price on the date of grant and the risk free rate was based upon the interest rate of the 10-year Treasury bond on the date of grant.
In connection with the payment of the Special Dividend (See Note 13—Stockholders' Equity), the compensation committee approved an adjustment to all outstanding SARs. The exercise price and number of outstanding SARs were adjusted such that each SAR had the same fair value to the holder before and after giving effect to the payment of the special dividend. As a result, the 407,823 outstanding SARs on December 8, 2015 with a weighted-average price of $56.49 were adjusted to

99
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)
19. Share and Unit-Based Plans: (Continued)

417,783 outstanding SARs with a weighted average price of $55.13 and the 417,783 outstanding SARs on January 6, 2016 with a weighted-average price of $55.13 were adjusted to 427,968 outstanding SARs with a weighted average price of $53.85.
The following table summarizes the activity of SARs awards during the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
 
Units
 
Weighted
Average
Exercise
Price
 
Units
 
Weighted
Average
Exercise
Price
 
Units
 
Weighted
Average
Exercise
Price
Balance at beginning of year
284,146

 
$
53.85

 
417,783

 
$
55.13

 
772,639

 
$
56.67

Granted
—

 
—

 
—

 
—

 
—

 
—

Exercised
(48,707
)
 
53.95

 
(143,822
)
 
53.73

 
(364,807
)
 
56.86

Special dividend adjustment
—

 
—

 
10,185

 
53.88

 
9,951

 
55.13

Balance at end of year
235,439

 
$
53.83

 
284,146

 
$
53.85

 
417,783

 
$
55.13

Long-Term Incentive Plan Units:
Under the Long-Term Incentive Plan ("LTIP"), each award recipient is issued a form of operating partnership units ("LTIP Units") in the Operating Partnership. Upon the occurrence of specified events and subject to the satisfaction of applicable vesting conditions, LTIP Units (after conversion into OP Units) are ultimately redeemable for common stock of the Company, or cash at the Company's option, on a one-unit for one-share basis. LTIP Units receive cash dividends based on the dividend amount paid on the common stock of the Company. The LTIP may include both market-indexed awards and service-based awards.
The market-indexed LTIP Units vest over the service period of the award based on the percentile ranking of the Company in terms of total return to stockholders (the "Total Return") per common stock share relative to the Total Return of a group of peer REITs, as measured at the end of the measurement period.
The fair value of the service-based LTIP Units was determined by the market price of the Company's common stock on the date of the grant. The fair value of the market-indexed LTIP Units are estimated on the date of grant using a Monte Carlo Simulation model. The stock price of the Company, along with the stock prices of the group of peer REITs (for market-indexed awards), is assumed to follow the Multivariate Geometric Brownian Motion Process. Multivariate Geometric Brownian Motion is a common assumption when modeling in financial markets, as it allows the modeled quantity (in this case, the stock price) to vary randomly from its current value and take any value greater than zero. The volatilities of the returns on the share price of the Company and the peer group REITs were estimated based on a look-back period. The expected growth rate of the stock prices over the "derived service period" is determined with consideration of the risk free rate as of the grant date.
On January 1, 2015, the Company granted 49,451 LTIP Units with a grant date fair value of $83.41 per LTIP Unit that vested in equal annual installments over a service period that ended December 31, 2017. Concurrently, the Company granted 186,450 market-indexed LTIP Units ("2015 Market LTIP Units") at a grant date fair value of $66.37 per LTIP Unit that vested over a service period ending December 31, 2015. The 2015 Market LTIP Units were equally divided between two types of awards. The terms of both types of awards were the same, except one award has an additional 3% absolute Total Return requirement, which if it is not met, then such LTIP Units would not have vested. The grant date fair value of the 2015 Market LTIP Units assumed a risk free interest rate of 0.25% and an expected volatility of 16.81%. On January 7, 2016, the compensation committee determined that the 2015 Market LTIP Units had vested at a 130% level, based on the Company's percentile ranking in terms of Total Return per common stock share compared to the Total Return of a group of peer REITs during the period of January 1, 2015 to December 31, 2015. In addition, the compensation committee determined that the applicable 3% absolute Total Return requirement was exceeded. As a result, an additional 55,934 fully-vested LTIP Units were granted on December 31, 2015.
On March 6, 2015, the Company granted 132,607 LTIP Units at a fair value of $86.72 per LTIP Unit that were fully vested on the grant date.

100
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)
19. Share and Unit-Based Plans: (Continued)

On January 1, 2016, the Company granted 58,786 LTIP Units with a grant date fair value of $80.69 per LTIP Unit that will vest in equal annual installments over a service period ending December 31, 2018. Concurrently, the Company granted 266,899 market-indexed LTIP Units ("2016 Market LTIP Units") at a grant date fair value of $53.32 per LTIP Unit that vest over a service period ending December 31, 2018. The fair value of the 2016 Market LTIP Units was estimated on the date of grant using a Monte Carlo Simulation model that assumed a risk free interest rate of 1.32% and an expected volatility of 20.31%.
On March 4, 2016, the Company granted 154,686 LTIP Units at a fair value of $79.20 per LTIP Unit that were fully vested on the grant date.
On January 1, 2017, the Company granted 66,079 LTIP Units with a grant date fair value of $70.84 per LTIP Unit that will vest in equal annual installments over a service period ending December 31, 2019. Concurrently, the Company granted 297,849 market-indexed LTIP Units ("2017 Market LTIP Units") at a grant date fair value of $47.15 per LTIP Unit that will vest over a service period ending December 31, 2019. The fair value of the 2017 Market LTIP Units was estimated on the date of grant using a Monte Carlo Simulation model that assumed a risk free interest rate of 1.49% and an expected volatility of 20.75%.
On March 3, 2017, the Company granted 134,742 LTIP Units at a fair value of $66.57 per LTIP Unit that were fully vested on the grant date.
On June 1, 2017, the Company granted 1,522 LTIP Units with a grant date fair value of $58.31 per LTIP Unit that will vest in equal annual installments over a service period ending May 29, 2020. Concurrently, the Company granted 6,714 market-indexed LTIP Units at a grant date fair value of $39.66 per LTIP Unit that will vest over a service period ending May 29, 2020. The fair value of the market-indexed LTIP Units was estimated on the date of grant using a Monte Carlo Simulation model that assumed a risk free interest rate of 1.45% and an expected volatility of 21.40%.
The following table summarizes the activity of the non-vested LTIP Units during the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
 
Units
 
Weighted
Average
Grant Date
Fair Value
 
Units
 
Weighted
Average
Grant Date
Fair Value
 
Units
 
Weighted
Average
Grant Date
Fair Value
Balance at beginning of year
322,572

 
$
58.18

 
56,315

 
$
73.24

 
46,695

 
$
58.89

Granted
506,906

 
55.33

 
480,371

 
65.00

 
424,442

 
74.71

Vested
(192,846
)
 
69.93

 
(214,114
)
 
77.45

 
(414,822
)
 
73.13

Forfeited
—

 
—

 
—

 
—

 
—

 


Balance at end of year
636,632

 
$
52.36

 
322,572

 
$
58.18

 
56,315

 
$
73.24


Stock Options:
The Company measured the value of each option awarded during the year ended December 31, 2012 to be $9.67 using the Black-Scholes Option Pricing Model based upon the following assumptions: volatility of 25.85%, dividend yield of 3.69%, risk free rate of 1.20%, current value of $59.57 and an expected term of 8 years. The assumptions for volatility and dividend yield were based on the Company's historical experience as a publicly traded company, the current value was based on the closing price on the date of grant and the risk free rate was based upon the interest rate of the 10-year Treasury bond on the date of grant.

101
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)
19. Share and Unit-Based Plans: (Continued)

In connection with the payment of the Special Dividend (See Note 13—Stockholders' Equity), the compensation committee approved an adjustment to all outstanding stock options. The exercise price and number of outstanding stock options were adjusted such that each stock option had the same fair value to the holder before and after giving effect to the payment of the Special Dividend. As a result, the 10,068 outstanding stock options on December 8, 2015 with a weighted-average price of $59.57 were adjusted to 10,314 outstanding stock options with a weighted average price of $58.15 and the 10,314 outstanding stock options on January 6, 2016 with a weighted-average price of $58.15 were adjusted to 10,565 outstanding stock options with a weighted average price of $56.77.
On May 30, 2017, the Company granted 25,000 non-qualified stock options with a grant date fair value of $10.02 that will vest on May 30, 2019. The Company measured the value of each option awarded using the Black-Scholes Option Pricing Model based upon the following assumptions: volatility of 30.19%, dividend yield of 4.93%, risk free rate of 2.08%, current value of $57.55 and an expected term of 8 years.
The following table summarizes the activity of stock options for the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
 
Options
 
Weighted
Average
Exercise
Price
 
Options
 
Weighted
Average
Exercise
Price
 
Options
 
Weighted
Average
Exercise
Price
Balance at beginning of year
10,565

 
$
56.77

 
10,314

 
$
58.15

 
10,068

 
$
59.57

Granted
25,000

 
57.55

 
—

 
—

 
—

 
—

Exercised
—

 
—

 
—

 
—

 
—

 
—

Special dividend adjustment
—

 
—

 
251

 
56.77

 
246

 
58.15

Balance at end of year
35,565

 
$
57.32

 
10,565

 
$
56.77

 
10,314

 
$
58.15


Directors' Phantom Stock Plan:
The Directors' Phantom Stock Plan offers non-employee members of the board of directors ("Directors") the opportunity to defer their cash compensation and to receive that compensation in common stock rather than in cash after termination of service or a predetermined period. Compensation generally includes the annual retainers payable by the Company to the Directors. Deferred amounts are generally credited as units of phantom stock at the beginning of each three-year deferral period by dividing the present value of the deferred compensation by the average fair market value of the Company's common stock at the date of award. Compensation expense related to the phantom stock awards was determined by the amortization of the value of the stock units on a straight-line basis over the applicable service period. The stock units (including dividend equivalents) vest as the Directors' services (to which the fees relate) are rendered. Vested phantom stock units are ultimately paid out in common stock on a one-unit for one-share basis. To the extent elected by a Director, stock units receive dividend equivalents in the form of additional stock units based on the dividend amount paid on the common stock. The aggregate number of phantom stock units that may be granted under the Directors' Phantom Stock Plan is 500,000. As of December 31, 2017, there were 169,755 stock units available for grant under the Directors' Phantom Stock Plan.

102
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)
19. Share and Unit-Based Plans: (Continued)

The following table summarizes the activity of the non-vested phantom stock units for the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
 
Stock Units
 
Weighted
Average
Grant Date
Fair Value
 
Stock Units
 
Weighted
Average
Grant Date
Fair Value
 
Stock Units
 
Weighted
Average
Grant Date
Fair Value
Balance at beginning of year
5,845

 
$
81.47

 
—

 
$
—

 
9,269

 
$
58.35

Granted
8,760

 
68.93

 
21,088

 
80.21

 
13,351

 
78.72

Vested
(10,551
)
 
71.69

 
(15,243
)
 
79.73

 
(20,162
)
 
72.17

Forfeited
—

 
—

 
—

 
—

 
(2,458
)
 
55.62

Balance at end of year
4,054

 
$
79.82

 
5,845

 
$
81.47

 
—

 
$
—


Employee Stock Purchase Plan ("ESPP"):
The ESPP authorizes eligible employees to purchase the Company's common stock through voluntary payroll deductions made during periodic offering periods. Under the ESPP common stock is purchased at a 15% discount from the lesser of the fair value of common stock at the beginning and end of the offering period. A maximum of 750,000 shares of common stock is available for purchase under the ESPP. The number of shares available for future purchase under the plan at December 31, 2017 was 450,306.
Compensation:
The following summarizes the compensation cost under the share and unit-based plans for the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
Stock awards
$
—

 
$
20

 
$
252

Stock units
6,045

 
6,305

 
6,041

LTIP units
30,161

 
32,957

 
26,622

Stock options
85

 
16

 
16

Phantom stock units
714

 
1,231

 
1,444

 
$
37,005

 
$
40,529

 
$
34,375


The Company capitalized share and unit-based compensation costs of $6,206, $7,241 and $6,008 for the years ended December 31, 2017, 2016 and 2015, respectively.
The fair value of the stock awards and stock units that vested during the years ended December 31, 2017, 2016 and 2015 was $5,257, $5,644 and $8,794, respectively. Unrecognized compensation costs of share and unit-based plans at December 31, 2017 consisted of $286 from LTIP Units, $3,239 from stock units, $176 from stock options and $324 from phantom stock units.

103
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)

20. Employee Benefit Plans:
401(k) Plan:
The Company has a defined contribution retirement plan that covers its eligible employees (the "Plan"). The Plan is a defined contribution retirement plan covering eligible employees of the Macerich Property Management Company, LLC and participating affiliates. The Plan is qualified in accordance with section 401(a) of the Code. Effective January 1, 1995, the Plan was amended to constitute a qualified cash or deferred arrangement under section 401(k) of the Code, whereby employees can elect to defer compensation subject to Internal Revenue Service withholding rules. This Plan was further amended effective as of February 1, 1999 to add The Macerich Company Common Stock Fund as a new investment alternative under the Plan. A total of 150,000 shares of common stock were reserved for issuance under the Plan, which was subsequently increased by an additional 500,000 shares in February 2013. On January 1, 2004, the Plan adopted the "Safe Harbor" provision under Sections 401(k)(12) and 401(m)(11) of the Code. In accordance with adopting these provisions, the Company makes matching contributions equal to 100 percent of the first three percent of compensation deferred by a participant and 50 percent of the next two percent of compensation deferred by a participant. During the years ended December 31, 2017, 2016 and 2015, these matching contributions made by the Company were $3,481, $3,384 and $3,299, respectively. Contributions and matching contributions to the Plan by the plan sponsor and/or participating affiliates are recognized as an expense of the Company in the period that they are made.
Deferred Compensation Plans:
The Company has established deferred compensation plans under which executives and key employees of the Company may elect to defer receiving a portion of their cash compensation otherwise payable in one calendar year until a later year. The Company may, as determined by the Board of Directors in its sole discretion prior to the beginning of the plan year, credit a participant's account with a matching amount equal to a percentage of the participant's deferral. The Company contributed $1,069, $1,032 and $933 to the plans during the years ended December 31, 2017, 2016 and 2015, respectively. Contributions are recognized as compensation in the periods they are made.
21. Income Taxes:
For income tax purposes, distributions paid to common stockholders consist of ordinary income, capital gains, unrecaptured Section 1250 gain and return of capital or a combination thereof. The following table details the components of the distributions, on a per share basis, for the years ended December 31, 2017, 2016 and 2015 are as follows:
 
2017
 
2016 (1)
 
2015 (1)
Ordinary income
$
1.98

 
69.0
%
 
$
0.94

 
20.8
%
 
$
1.20

 
24.8
%
Capital gains
0.51

 
17.8
%
 
3.24

 
71.4
%
 
3.64

 
75.2
%
Unrecaptured Section 1250 gain
0.38

 
13.2
%
 
0.36

 
7.8
%
 
—

 
—
%
Return of capital
—

 
—
%
 
—

 
—
%
 
—

 
—
%
Dividends paid
$
2.87

 
100.0
%
 
$
4.54

 
100.0
%
 
$
4.84

 
100.0
%

_______________________________________________________________________________

(1)
During the year ended December 31, 2015, the Company paid cash dividends of $4.63 per common share. In addition, the Company declared a $2.00 special cash dividend to shareholders of record as of November 12, 2015 which was paid on January 6, 2016 (See Note 13—Stockholders' Equity). Pursuant to relevant U.S. tax rules, $0.21 per common share of this dividend is treated as having been paid by the Company on December 31, 2015, and received by each shareholder of record as of November 12, 2015 on December 31, 2015. The balance of the special cash dividend has been included in the amount of dividends paid for the year ended December 31, 2016.
The Company has made Taxable REIT Subsidiary elections for all of its corporate subsidiaries other than its Qualified REIT Subsidiaries. The elections, effective for the year beginning January 1, 2001 and future years, were made pursuant to Section 856(l) of the Code.

104
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)
21. Income Taxes: (Continued)

The income tax provision of the TRSs for the years ended December 31, 2017, 2016 and 2015 are as follows:
 
2017
 
2016
 
2015
Current
$
185

 
$
(176
)
 
$
—

Deferred
(15,779
)
 
(546
)
 
3,223

Income tax (expense) benefit
$
(15,594
)
 
$
(722
)
 
$
3,223


The income tax provision of the TRSs for the years ended December 31, 2017, 2016 and 2015 are reconciled to the amount computed by applying the Federal Corporate tax rate as follows:
 
2017
 
2016
 
2015
Book loss for TRSs
$
2,094

 
$
5,254

 
$
10,681

Tax at statutory rate on earnings from continuing operations before income taxes
$
712

 
$
1,786

 
$
3,632

Change in tax rates
(14,189
)
 
—

 
—

State taxes
109

 
160

 
420

Other
(2,226
)
 
(2,668
)
 
(829
)
Income tax (expense) benefit
$
(15,594
)
 
$
(722
)
 
$
3,223


The Tax Cuts and Jobs Act of 2017 (“TCJA”), signed into law on December 22, 2017, adjusted the federal corporate tax income rate to 21%.  FASB Accounting Standards Codification Topic 740 requires deferred tax assets and liabilities to be measured at the enacted rate expected to apply when temporary differences are to be realized or settled. Accordingly, the Company has remeasured its ending deferred tax asset and reduced the value by $14,189. Additionally, GAAP requires that all adjustments resulting from tax rate changes be recorded to the income statement. Therefore, the Company recorded a $14,189 deferred tax expense in the fourth quarter related to the revaluation of its deferred tax assets and liabilities.  
The net operating loss carryforwards are currently scheduled to expire through 2035, beginning in 2025.
The tax effects of temporary differences and carryforwards of the TRSs included in the net deferred tax assets at December 31, 2017 and 2016 are summarized as follows:
 
2017
 
2016
Net operating loss carryforwards
$
21,398

 
$
22,335

Property, primarily differences in depreciation and amortization, the tax basis of land assets and treatment of certain other costs
5,077

 
12,720

Other
2,531

 
3,246

Net deferred tax assets
$
29,006

 
$
38,301

For the years ended December 31, 2017, 2016 and 2015 there were no unrecognized tax benefits.
The tax years 2014 through 2016 remain open to examination by the taxing jurisdictions to which the Company is subject. The Company does not expect that the total amount of unrecognized tax benefit will materially change within the next 12 months.

105
THE MACERICH COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(Dollars in thousands, except per share amounts)

22. Quarterly Financial Data (Unaudited):
The following is a summary of quarterly results of operations for the years ended December 31, 2017 and 2016:
 
2017 Quarter Ended
 
2016 Quarter Ended
 
Dec 31
 
Sep 30
 
Jun 30
 
Mar 31
 
Dec 31
 
Sep 30
 
Jun 30
 
Mar 31
Revenues
$
256,743

 
$
242,451

 
$
247,423

 
$
247,045

 
$
272,000

 
$
253,367

 
$
259,904

 
$
256,000

Net income attributable to the Company(1)
$
32,751

 
$
17,498

 
$
26,638

 
$
69,243

 
$
37,128

 
$
13,730

 
$
45,222

 
$
420,915

Net income attributable to common stockholders per share-basic
$
0.23

 
$
0.12

 
$
0.19

 
$
0.48

 
$
0.26

 
$
0.09

 
$
0.31

 
$
2.77

Net income attributable to common stockholders per share-diluted
$
0.23

 
$
0.12

 
$
0.19

 
$
0.48

 
$
0.26

 
$
0.09

 
$
0.31

 
$
2.76

_____________________
(1)
Net income attributable to the Company for the quarter ended March 31, 2016 includes the gain on sale of assets of $101,629 from the Arrowhead Towne Center transaction (See Note 4—Investments in Unconsolidated Joint Ventures) and $340,734 from the MAC Heitman Portfolio transaction (See Note 4—Investments in Unconsolidated Joint Ventures).
23. Subsequent Events:
On January 22, 2018, the Company's joint venture in Fashion District Philadelphia obtained a $250,000 term loan that bears interest at LIBOR plus 2.0% and matures on January 22, 2023. Concurrent with the loan closing, the joint venture borrowed $150,000 on the term loan and expects to borrow the remaining $100,000 in the first quarter of 2018. The Company used its share of the proceeds to pay down its line of credit and for general corporate purposes.
On January 26, 2018, the Company announced a dividend/distribution of $0.74 per share for common stockholders and OP Unit holders of record on February 21, 2018. All dividends/distributions will be paid 100% in cash on March 2, 2018.
On February 5, 2018, the Company's joint venture in Broadway Plaza received a loan commitment for $450,000 on the property at a fixed rate of 4.18% for twelve years. The loan is expected to close in the first quarter of 2018. The Company plans to use its share of the loan proceeds to pay down its line of credit.




106
THE MACERICH COMPANY
Schedule III—Real Estate and Accumulated Depreciation
December 31, 2017
(Dollars in thousands)


 
Initial Cost to Company
 
 
 
Gross Amount at Which Carried at Close of Period
 
 
 
 
Shopping Centers/Entities
Land
 
Building and
Improvements
 
Equipment
and
Furnishings
 
Cost Capitalized
Subsequent to
Acquisition
 
Land
 
Building and
Improvements
 
Equipment
and
Furnishings
 
Construction
in Progress
 
Total
 
Accumulated
Depreciation
 
Total Cost
Net of
Accumulated
Depreciation
Chandler Fashion Center
$
24,188

 
$
223,143

 
$
—

 
$
19,336

 
$
24,188

 
$
236,717

 
$
5,762

 
$
—

 
$
266,667

 
$
105,891

 
$
160,776

Danbury Fair Mall
130,367

 
316,951

 
—

 
114,644

 
142,751

 
409,658

 
9,257

 
296

 
561,962

 
143,969

 
417,993

Desert Sky Mall
9,447

 
37,245

 
12

 
4,598

 
9,082

 
40,886

 
1,334

 
—

 
51,302

 
10,315

 
40,987

Eastland Mall
22,050

 
151,605

 
—

 
11,855

 
22,066

 
160,977

 
2,199

 
268

 
185,510

 
28,798

 
156,712

Estrella Falls
10,550

 
—

 
—

 
71,512

 
10,747

 
14,254

 
—

 
57,061

 
82,062

 
1,181

 
80,881

Fashion Outlets of Chicago
—

 
—

 
—

 
262,936

 
40,575

 
217,945

 
4,131

 
285

 
262,936

 
45,946

 
216,990

Fashion Outlets of Niagara Falls USA
18,581

 
210,139

 
—

 
101,022

 
22,936

 
304,202

 
2,354

 
250

 
329,742

 
62,663

 
267,079

The Marketplace at Flagstaff
—

 
—

 
—

 
45,840

 
—

 
45,838

 
2

 
—

 
45,840

 
21,980

 
23,860

Freehold Raceway Mall
164,986

 
362,841

 
—

 
123,130

 
168,098

 
474,036

 
8,789

 
34

 
650,957

 
176,715

 
474,242

Fresno Fashion Fair
17,966

 
72,194

 
—

 
43,852

 
17,966

 
113,147

 
2,428

 
471

 
134,012

 
53,177

 
80,835

Green Acres Mall
156,640

 
321,034

 
—

 
177,943

 
179,274

 
464,133

 
9,264

 
2,946

 
655,617

 
81,986

 
573,631

Inland Center
8,321

 
83,550

 
—

 
25,509

 
10,291

 
106,983

 
61

 
45

 
117,380

 
12,618

 
104,762

Kings Plaza Shopping Center
209,041

 
485,548

 
20,000

 
171,964

 
195,701

 
466,529

 
28,137

 
196,186

 
886,553

 
75,113

 
811,440

La Cumbre Plaza
18,122

 
21,492

 
—

 
24,830

 
17,280

 
46,096

 
426

 
642

 
64,444

 
24,061

 
40,383

Macerich Management Co.
1,150

 
10,475

 
26,562

 
54,558

 
3,878

 
15,094

 
66,598

 
7,175

 
92,745

 
57,437

 
35,308

MACWH, LP
—

 
25,771

 
—

 
18,545

 
11,557

 
27,455

 
—

 
5,304

 
44,316

 
9,121

 
35,195

NorthPark Mall
7,746

 
74,661

 
—

 
10,266

 
7,885

 
84,284

 
504

 
—

 
92,673

 
17,512

 
75,161

Oaks, The
32,300

 
117,156

 
—

 
260,520

 
56,387

 
350,325

 
3,099

 
165

 
409,976

 
138,052

 
271,924

Pacific View
8,697

 
8,696

 
—

 
130,806

 
7,854

 
137,572

 
2,262

 
511

 
148,199

 
68,254

 
79,945

Paradise Valley Mall
33,445

 
128,485

 
—

 
36,472

 
39,382

 
155,485

 
2,606

 
929

 
198,402

 
74,731

 
123,671

Promenade at Casa Grande
15,089

 
—

 
—

 
50,736

 
3,900

 
61,849

 
76

 
—

 
65,825

 
39,735

 
26,090

Queens Center
251,474

 
1,039,922

 
—

 
32,254

 
256,786

 
1,063,912

 
2,478

 
474

 
1,323,650

 
88,343

 
1,235,307

Santa Monica Place
26,400

 
105,600

 
—

 
329,495

 
48,374

 
403,953

 
8,071

 
1,097

 
461,495

 
118,272

 
343,223

SanTan Adjacent Land
29,414

 
—

 
—

 
8,105

 
30,506

 
—

 
—

 
7,013

 
37,519

 
—

 
37,519

SanTan Village Regional Center
7,827

 
—

 
—

 
198,366

 
5,839

 
195,690

 
1,562

 
3,102

 
206,193

 
87,621

 
118,572

SouthPark Mall
7,035

 
38,215

 
—

 
25,600

 
7,479

 
62,511

 
415

 
445

 
70,850

 
12,497

 
58,353

Southridge Center
6,764

 
—

 
—

 
8,412

 
2,676

 
12,290

 
99

 
111

 
15,176

 
5,046

 
10,130

Stonewood Center
4,948

 
302,527

 
—

 
8,723

 
4,935

 
311,163

 
100

 
—

 
316,198

 
29,927

 
286,271

Superstition Springs Center
10,928

 
112,718

 
—

 
8,140

 
10,928

 
120,392

 
466

 
—

 
131,786

 
15,896

 
115,890

Superstition Springs Power Center
1,618

 
4,420

 
—

 
290

 
1,618

 
4,627

 
83

 
—

 
6,328

 
1,889

 
4,439

Tangerine (Marana), The Shops at
36,158

 
—

 
—

 
(8,462
)
 
16,922

 
—

 
—

 
10,774

 
27,696

 
—

 
27,696

See accompanying report of independent registered public accounting firm.

THE MACERICH COMPANY
Schedule III—Real Estate and Accumulated Depreciation (Continued)
December 31, 2017
(Dollars in thousands)


 
Initial Cost to Company
 
 
 
Gross Amount at Which Carried at Close of Period
 
 
 
 
Shopping Centers/Entities
Land
 
Building and
Improvements
 
Equipment
and
Furnishings
 
Cost Capitalized
Subsequent to
Acquisition
 
Land
 
Building and
Improvements
 
Equipment
and
Furnishings
 
Construction
in Progress
 
Total
 
Accumulated
Depreciation
 
Total Cost
Net of
Accumulated
Depreciation
The Macerich Partnership, L.P.
—

 
2,534

 
—

 
23,773

 
—

 
—

 
10,823

 
15,484

 
26,307

 
2,559

 
23,748

Towne Mall
6,652

 
31,184

 
—

 
4,870

 
6,877

 
35,221

 
518

 
90

 
42,706

 
15,066

 
27,640

Tucson La Encantada
12,800

 
19,699

 
—

 
56,549

 
12,800

 
75,618

 
597

 
33

 
89,048

 
42,637

 
46,411

Valley Mall
16,045

 
26,098

 
—

 
13,856

 
15,616

 
40,005

 
378

 
—

 
55,999

 
8,258

 
47,741

Valley River Center
24,854

 
147,715

 
—

 
23,592

 
24,854

 
168,840

 
1,954

 
513

 
196,161

 
60,194

 
135,967

Victor Valley, Mall of
15,700

 
75,230

 
—

 
53,028

 
20,080

 
121,774

 
2,104

 
—

 
143,958

 
49,257

 
94,701

Vintage Faire Mall
14,902

 
60,532

 
—

 
59,390

 
17,645

 
115,179

 
1,777

 
223

 
134,824

 
70,638

 
64,186

Westside Pavilion
34,100

 
136,819

 
—

 
77,198

 
34,100

 
201,512

 
5,820

 
6,685

 
248,117

 
106,511

 
141,606

Wilton Mall
19,743

 
67,855

 
—

 
26,762

 
19,810

 
93,407

 
1,143

 
—

 
114,360

 
36,604

 
77,756

Other freestanding stores
5,926

 
31,785

 
—

 
10,113

 
5,927

 
41,576

 
321

 
—

 
47,824

 
15,929

 
31,895

Other land and development properties
33,795

 
—

 
—

 
50,423

 
31,582

 
4,252

 
—

 
48,384

 
84,218

 
1,904

 
82,314

 
$
1,455,769

 
$
4,853,839

 
$
46,574

 
$
2,771,351

 
$
1,567,152

 
$
7,005,387

 
$
187,998

 
$
366,996

 
$
9,127,533

 
$
2,018,303

 
$
7,109,230

See accompanying report of independent registered public accounting firm.

THE MACERICH COMPANY
Schedule III—Real Estate and Accumulated Depreciation (Continued)
December 31, 2017
(Dollars in thousands)


Depreciation of the Company's investment in buildings and improvements reflected in the consolidated statements of operations are calculated over the estimated useful lives of the asset as follows:

Buildings and improvements
5 - 40 years
Tenant improvements
5 - 7 years
Equipment and furnishings
5 - 7 years

The changes in total real estate assets for the three years ended December 31, 2017 are as follows:

 
2017
 
2016
 
2015
Balances, beginning of year
$
9,209,211

 
$
10,689,656

 
$
12,777,882

Additions
202,280

 
254,604

 
392,575

Dispositions and retirements
(283,958
)
 
(1,735,049
)
 
(2,480,801
)
Balances, end of year
$
9,127,533

 
$
9,209,211

 
$
10,689,656


   The aggregate cost of the property included in the table above for federal income tax purposes was $8,551,235 (unaudited) at December 31, 2017.

The changes in accumulated depreciation for the three years ended December 31, 2017 are as follows:

 
2017
 
2016
 
2015
Balances, beginning of year
$
1,851,901

 
$
1,892,744

 
$
1,709,992

Additions
277,917

 
277,270

 
354,977

Dispositions and retirements
(111,515
)
 
(318,113
)
 
(172,225
)
Balances, end of year
$
2,018,303

 
$
1,851,901

 
$
1,892,744



See accompanying report of independent registered public accounting firm.


109

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, on February 23, 2018.

 
THE MACERICH COMPANY
 
 
 
/s/ ARTHUR M. COPPOLA
 
By
 
 
 
 
Arthur M. Coppola
 
 
 
Chairman and Chief Executive Officer


110

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 in the capacities and on the dates indicated.

Signature
 
Capacity
 
Date
/s/ ARTHUR M. COPPOLA
 
Chairman and Chief Executive Officer and Director
 
February 23, 2018
Arthur M. Coppola
 
(Principal Executive Officer)
 
/s/ EDWARD C. COPPOLA
 
President and Director

 
February 23, 2018
Edward C. Coppola
 
 
/s/ JOHN H. ALSCHULER
 
Director

 
February 23, 2018
John H. Alschuler
 
 
/s/ STEVEN R. HASH
 
Director

 
February 23, 2018
Steven R. Hash
 
 
/s/ FREDERICK S. HUBBELL
 
Director

 
February 23, 2018
Frederick S. Hubbell
 
 
/s/ DIANA M. LAING
 
Director

 
February 23, 2018
Diana M. Laing
 
 
/s/ MASON G. ROSS
 
Director
 
February 23, 2018
Mason G. Ross
 
 
/s/ STEVEN L. SOBOROFF
 
Director
 
February 23, 2018
Steven L. Soboroff
 
 
/s/ ANDREA M. STEPHEN
 
Director
 
February 23, 2018
Andrea M. Stephen
 
 
/s/ JOHN M. SULLIVAN
 
Director
 
February 23, 2018
John M. Sullivan
 
 
/s/ THOMAS E. O'HERN
 
Senior Executive Vice President, Treasurer and Chief Financial and Accounting Officer (Principal Financial and Accounting Officer)
 
February 23, 2018
Thomas E. O'Hern
 
 


111

EXHIBIT INDEX
Exhibit Number
 
Description

 
 
 
 
3.1

 
Articles of Amendment and Restatement of the Company (incorporated by reference as an exhibit to the Company's Registration Statement on Form S-11, as amended (No. 33-68964)) (Filed in paper - hyperlink is not required pursuant to Rule 105 of Regulation S-T).
 
 
 
3.1.1

 
Articles Supplementary of the Company (incorporated by reference as an exhibit to the Company's Current Report on Form 8-K, event date May 30, 1995) (Filed in paper - hyperlink is not required pursuant to Rule 105 of Regulation S-T).
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

112

Exhibit Number
 
Description

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 

113

Exhibit Number
 
Description

*
 
 
 

*
 
 
 

*
 
 
 

*
 
 
 

*
 
 
 

*
 
 
 

*
 
 
 

*
 
 
 

*
 
 
 

*
 
 
 

 
 
 
 
10.7

 
Registration Rights Agreement, dated as of March 16, 1994, among the Company and Mace Siegel, Dana K. Anderson, Arthur M. Coppola and Edward C. Coppola (incorporated by reference as an exhibit to the Company's 1994 Form 10-K) (Filed in paper - hyperlink is not required pursuant to Rule 105 of Regulation S-T).
 
 
 
10.8

 
Registration Rights Agreement, dated as of March 16, 1994, between the Company and The Northwestern Mutual Life Insurance Company (incorporated by reference as an exhibit to the Company’s 1994 Form 10-K) (Filed in paper - hyperlink is not required pursuant to Rule 105 of Regulation S-T).
 
 
 

 
 
 
 
 
 
 

114

Exhibit Number
 
Description
10.10

 
Incidental Registration Rights Agreement dated March 16, 1994 (incorporated by reference as an exhibit to the Company's 1994 Form 10-K) (Filed in paper - hyperlink is not required pursuant to Rule 105 of Regulation S-T).
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

*
 
 
 

*

115

Exhibit Number
 
Description

*
 
 
 

*
 
 
 

*
 
 
 

*
 
 
 

*
 
 
 

*
 
 
 

*
 
 
 

*
 
 
 

*
 
 
 

*
 
 
 

*
 
 
 

*
 
 
 

*
 
 
 

*
 
 
 

*
 
 
 

 
 
 
 
 
 
 

116

Exhibit Number
 
Description

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

 
 
 
 

**
 
 
 
101.INS

 
XBRL Instance Document
 
 
 
101.SCH

 
XBRL Taxonomy Extension Schema Document
 
 
 
101.CAL

 
XBRL Taxonomy Extension Calculation Linkbase Document
 
 
 
101.LAB

 
XBRL Taxonomy Extension Label Linkbase Document
 
 
 
101.PRE

 
XBRL Taxonomy Extension Presentation Linkbase Document
 
 
 
101.DEF

 
XBRL Taxonomy Extension Definition Linkbase Document

* Represents a management contract, or compensatory plan, contract or arrangement required to be filed pursuant to Regulation S-K.
** Furnished herewith.

117
 EX-10.27 2 mac-2017x1231x10kxex1027.htm EXHIBIT 10.27 Exhibit


Exhibit 10.27
SEPARATION AGREEMENT AND RELEASE OF CLAIMS
THIS SEPARATION AGREEMENT AND RELEASE OF CLAIMS (“Agreement”) is made as of February 22, 2018 by Thomas J. Leanse (“Executive”) concerning Executive’s resignation from, and release of claims against, The Macerich Company (the “Company”) or any of its affiliated organizations. The Company and Executive are also referred to individually as “Party” or collectively as “Parties”.
1.Recitals.
a.    The Company and Executive have reached an amicable and mutual resolution of issues regarding Executive’s employment, including Executive’s resignation from employment with the Company, effective as of February 28, 2018 (the “Separation Date”).
b.    Executive acknowledges that by this Agreement, Executive agrees to the release of all claims arising from, and in any way related to, Executive’s employment with the Company through the date of the Agreement and in any way related to Executive’s employment with the Company, as specified below.
Based upon the foregoing, and in consideration of the mutual promises contained in this Agreement, Executive and the Company (for its benefit and the benefit of the Company Releasees, as defined below) agree, effective as provided below.
2.    Employment Relationship with the Company.
Effective on the Separation Date, Executive will resign from employment with the Company and in connection therewith will resign all offices and directorships at the Company and its affiliates. In addition to receiving his base salary, less all applicable withholdings, and associated benefits through the Separation Date, Executive will be paid for any accrued but unused vacation and personal days through the Separation Date. On the Separation Date, Executive will receive his final regular paycheck. Except as specifically provided for in this Agreement, Executive’s continuing eligibility to make additional deferrals pursuant to the Company’s Profit Sharing/401(k) Plans and 2013 Deferred Compensation Plan for Executives as amended and restated effective January 1, 2016 (the “Deferred Compensation Plan”) will terminate effective on the Separation Date.
Executive’s current medical coverage will remain active through February 28, 2018. Executive will be given the opportunity to continue health insurance benefits in effect for himself and eligible family members through COBRA by electing to participate, subject to all eligibility requirements set forth in the applicable notice. Notice of COBRA rights will be sent to Executive within the time prescribed by COBRA. In the event Executive elects COBRA (or similar state continuation coverage available to him and his eligible family members), Company will pay all applicable premiums attributable to Executive and his eligible family members directly to the COBRA provider for the maximum period (up to 36 months) available under COBRA and Cal-




COBRA for which Executive and his eligible family members have elected coverage and remain eligible. In addition, the Company will pay Executive the amount specified in Section 5(ii) to cover the cost of Medicare and Medigap premiums through the duration of the maximum continuation coverage period without regard to continued eligibility for continuation coverage under COBRA and Cal-COBRA as a result of entitlement to Medicare coverage.
Executive represents that he has full power and authority to enter into this Agreement and agrees that, other than set forth herein, the Company has paid him all amounts due and owing, including without limitation, any and all wages, bonus, deferred compensation, equity payments, incentive pay, accrued but unused vacation and/or personal days, expenses or any and all other forms of compensation due to him. The undersigned representative of the Company has been duly authorized to execute this Agreement on behalf of the Company, and the Company represents that this Agreement has been duly approved by the Compensation Committee of the Company’s Board of Directors (the “Committee”).
3.    Consulting Agreement.
Effective on the Separation Date, Executive and the Company will enter into a consulting arrangement in substantially the form set forth on Exhibit A (the “Consulting Agreement”), which will have a term from March 1, 2018 through February 28, 2020 (the “Consulting Term”).
4.    Treatment of Stock Options and LTIP Units.
Executive’s equity compensation awards in respect of his service to the Company that are outstanding as of the date of this Agreement (other than outstanding LTIP Unit Awards and other awards that are fully earned and vested) are set forth on Exhibit B hereto (the “Awards”). Notwithstanding anything to the contrary in the award agreements for such Awards or the Company’s 2003 Equity Incentive Plan, as amended and restated as of May 26, 2016 (the “2003 Plan”): (i) any Awards that are stock options (including those denominated as “incentive stock options”) will remain exercisable through the expiration date set forth in the applicable award agreements for such Awards; provided, however, that treatment of any stock options as “incentive stock options (ISOs)” shall lapse on the three month anniversary of the Separation Date and the Company and its affiliates shall have no liability in respect of any such characterization or treatment of such options as other than incentive stock options (i.e., after such anniversary date, any such options will be treated pursuant to this Agreement as nonqualified stock options), and (ii) any Awards that were awarded pursuant to LTIP Unit Award Agreements under the 2003 Plan as units in The Macerich Partnership, L.P., a Delaware limited partnership and the entity through which the Company conducts substantially all of its operations (the “Partnership” and such units the “Units”) shall remain outstanding, shall continue to be governed by such LTIP Unit Award Agreements and the 2003 Plan as applicable (including, as applicable, rights to adjustments and distributions), and shall continue to vest (or in the case of performance based Awards, be eligible to vest) on the scheduled dates set forth in such award agreements for such Awards as though Executive continued to be employed by the Company through such vesting dates (or as applicable, the last day of the Performance Period with respect to performance based Units). Notwithstanding the foregoing, in the event that Executive engages in Competitive Activities (as defined in the applicable LTIP Unit Award Agreements (with respect to

2




performance based Units) prior to the last day of the applicable “Performance Period” (as defined in the applicable LTIP Unit Award Agreement with respect to performance based Units) then, without limiting any remedy the Company may have for breach under any arrangement to which it is a party with Executive or his affiliates, Executive will forfeit without consideration any performance based Units for which the Performance Period has not concluded as of the date of such Competitive Activities unless Executive’s Competitive Activities consisted solely of representing a Competitive Business (as defined in the applicable LTIP Unit Award Agreement with respect to performance based Units) (x) in his capacity as counsel, principal or employee at a law or consulting firm owned principally by third parties that provides services to an array of clientele or (y) directly or through an entity not described in (x) above where not more than 250 hours of Executive’s time per calendar quarter are for any Competitive Business, and in each case of (x) or (y) so long as such representation (A) is not adverse to the Company or its affiliated entities, predecessors or successors and (B) does not involve or use and could not reasonably be expected to involve or use Company Confidential Information or Proprietary Information.
5.    Compensation Through Separation Date.
Notwithstanding any contrary provisions of the Company’s annual bonus plan or otherwise, contingent upon this Agreement becoming effective pursuant to its terms, at the time bonuses for the 2017 year are paid to Company executives (but in no event later than March 15, 2018), Executive will receive 100% of his annual bonus for the 2017 bonus period, payable in cash or fully vested Units as the Company elects. The amount and manner of payment of any such 2017 bonus will be made by the Committee. Further notwithstanding, Executive will be paid his base salary at the annual rate in effect at the time of this Agreement through the Separation Date in accordance with the Company’s regular payroll practices. On the Separation Date, and in addition to the payments described above, the Company, will contingent upon this Agreement becoming effective pursuant to its terms (i) pay Executive a lump sum cash payment equal to the amount specified in Exhibit C attached hereto (representing a prorated target annual bonus for the 2018 calendar year), (ii) pay Executive a cash payment equal to the aggregate amount specified in Exhibit C (in lieu of Medicare and Medigap premiums and a payment for outplacement services), and (iii) make a one time, fully vested, Company Discretionary Contribution credit to the Executive’s Company Contribution Account under the Deferred Compensation Plan in an amount specified in Exhibit C, which Company Discretionary Contribution credit will not be subject to any matching, discretionary, or other Company contributions but will be subject to deferral and payment in five annual installments commencing January 15, 2026 under the Deferred Compensation Plan. Other deferral amounts payable under the Deferred Compensation Plan shall be paid as provided in (or pursuant to applicable elections under) the Deferred Compensation Plan and to the extent vested shall not be released under this Agreement (the “Deferred Compensation Amounts”).
6.    Consideration.
The consideration set forth in this Agreement is in lieu of any and all payments and/or other consideration of any kind which at any time has been the subject of any prior discussions, representations, inducements or promises, oral or written, direct or indirect, contingent or otherwise including, without limitation, future wage and benefit claims, and Executive acknowledges and

3




agrees that he is not eligible for any severance or termination benefit program, practice, policy, agreement or arrangement, any of which are hereby waived by Executive. If at any point during the period during which the consideration set forth in this Agreement is being provided, the Company receives or otherwise discovers credible evidence that Executive is in breach of any provision of this Agreement or the Consulting Agreement, the Company’s obligations under this Agreement and the Consulting Agreement, if any (to the extent not already paid) shall be subject to cancellation, provided that prior to any such cancellation Company shall give Executive written notice specifying the particulars of such alleged breach, and a 15-day period following such written notice within which to cure any such alleged breach to the reasonable objective satisfaction of Company.
7.    Taxes.
Executive shall pay in full when due, and shall be solely responsible for, any and all federal, state, or local income taxes or other taxes that are or may be assessed against him relating to the consideration provided or amounts payable hereunder, as well as all interest or penalties that may be owed in connection with such taxes. Executive is not relying on any representations or conduct of the Company with respect to the adequacy of the withholdings. Notwithstanding the foregoing, the payments and benefits provided under this Agreement are subject to normal payroll withholdings applicable to such sums as may be required under applicable law.
8.    Internal Revenue Code Section 409A.
All payments and benefits provided in connection with this Agreement are intended to be exempt from or compliant with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”), or similar state law, and the parties acknowledge and agree that, to the extent applicable, this Agreement shall be interpreted in accordance with, and incorporate the terms and conditions required by, Section 409A. Notwithstanding any provision of this Agreement to the contrary, in the event that following the date of termination, the Company determines that any payments or benefits hereunder are not either exempt from or compliant with the requirements of Section 409A, the Company shall adopt such amendments to this Agreement or adopt such other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions that are reasonably necessary or appropriate, (i) to preserve the intended tax treatment of the payments and benefits provided in this Agreement, to preserve the economic benefits with respect to such payments and benefits, and/or (ii) to exempt such payments and benefits from Section 409A or to comply with the requirements of Section 409A and thereby avoid the application of penalty taxes thereunder. As a condition to receiving the payments provided in connection with this Agreement, Executive shall cooperate fully in the adoption of any such amendments, policies or procedures as the Company deems necessary to effectuate the intent of this Section 8. Notwithstanding anything herein to the contrary, in no event shall any liability for failure to comply with the requirements of Section 409A be transferred from Executive or any other individual to the Company or any of its respective employees or agents pursuant to the terms of this Agreement or otherwise, in no event shall the Company or any of its respective employees or agents (other than Executive) be liable for any tax consequences under Section 409A, and the Company does not guarantee the exemption from or compliance with Section

4




409A. Each payment under this Agreement is a separate payment in a series of separate payments for purposes of Section 409A.
9.    Release of All Claims.
a.    Executive makes this Agreement on behalf of himself and his respective predecessors, successors, ancestors, descendants, spouse, dependents, executors, heirs, administrators, assigns and anyone else claiming by, through or under each of them.
b.    In exchange for the consideration provided herein, which Executive acknowledges and agrees is fair and adequate, Executive hereby agrees to fully release, waive and forever discharge the Company, including all of the Company’s related, affiliated and client entities (including corporations, limited liability companies, partnerships and joint ventures) and with respect to each of the Company and its related, affiliated and client entities:
i)
their respective members, parents, subsidiaries, affiliates, predecessors, successors and associates, participants, present and former, and each of them, and
ii)
their respective directors, shareholders, partners, officers, agents, owners, attorneys, servants, employees, trustees, plan administrators, fiduciaries, representatives and assigns, past and present, and each of them,
all of which together and collectively are hereinafter referred to as (“Company Releasees”).
c.    This full release and discharge is effective with respect to all claims, promises, causes of action or similar rights of any type, known or unknown, which Executive ever had, now has or may hereafter claim to have had, against the Company or the Company Releasees.
d.    Executive’s full release and discharge is effective with respect to all claims, wages or any other payments, agreements, obligations, demands and causes of action, known or unknown, suspected or unsuspected (collectively, “Claims”), arising out of any act or omission occurring before Executive’s execution of this Agreement, including but not limited to, any Claims based on, arising out of, or related to: Executive’s employment with, or the ending of Executive’s employment with the Company; the federal, state or local laws that prohibit harassment or discrimination on the basis of race, national origin, religion, sex, gender, age, marital status, bankruptcy status, disability, perceived disability, ancestry, sexual orientation, family and medical leave, or any other form of harassment or discrimination or related cause of action (including but not limited to failure to maintain an environment free from harassment and retaliation, inappropriate comments or touching and/or “off-duty” conduct of any the Company employee); California Labor Code; severance pay, bonus, commission, or similar benefit, sick leave, pension, retirement, vacation pay, wages, incentive pay, life insurance, health or medical insurance or any other fringe benefit, or disability; or any other occurrences, acts or omissions whatsoever, known or unknown, suspected or unsuspected, resulting from any act or omission by or on the part of any of the Company Releasees committed or omitted prior to the date of this Agreement, including, without limiting the generality

5




of the foregoing, any Claim under Title VII of the Civil Rights Act of 1964, the California Labor Code, the Age Discrimination in Employment Act, the Americans with Disabilities Act, the California Fair Employment and Housing Act, the California Unruh Act or any other federal, state or local law, regulation, ordinance, statute or under the common law. Executive represents that at the time of the execution of this Agreement, he suffers from no work-related injuries and has no disability or medical condition as defined by the Family Medical Leave Act. Executive represents that he has no workers’ compensation claims that he intends to bring against the Company.
e.    Notwithstanding anything to the contrary above, the release of claims in this paragraph is not intended to and does not apply to any claims which cannot be released as a matter of law including claims arising from events which occur after the execution of the Agreement, unemployment claims, state or federal disability claims, or workers’ compensation claims, all of which survive the Release. Further notwithstanding, the release of claims in this paragraph is not intended to and does not apply to release any claims, as applicable, for the Awards, any Operating Partnership Units or common stock received prior to the date hereof in redemption thereof held by Executive as of the date hereof, Deferred Compensation Amounts, indemnification, directors’ and officers’ insurance, and vested employee benefits under any qualified retirement plan to which Executive may be entitled pursuant to the terms of any indemnification, insurance policy, agreement or plan.
f.    Executive retains the right to petition the National Labor Relations Board, the Equal Employment Opportunity Commission and California Department of Fair Employment and Housing regarding any conduct which Executive believes, in good faith, to warrant review by such agency, provided, however, Executive acknowledges and agrees that any claims for personal relief in connection with such a charge or investigation (such as reinstatement or money damages) would be and are hereby barred. In addition, this release does not prevent Executive from filing any lawsuit authorized by the Age Discrimination in Employment Act challenging the validity of this release and this release does not apply to any other rights Executive cannot lawfully release under applicable law.
g.    Executive agrees that no action, suit or proceeding has been brought or complaint filed or initiated by the himself or any executor, heir, administrator or assign in any court, or with any governmental body or commission with respect to any matter or course of action based upon any facts that might have occurred prior to the date of this Agreement whether known now or discovered hereafter, nor has Executive assigned or transferred any Claim being released hereby or purported to do so.
h.    Executive also agrees that if any Claim is prosecuted in his name before any court or administrative agency, he waives and agrees not to take any award or other damages from such suit to the extent permissible under applicable law. Executive further agrees to cooperate fully with the Company in the event of a need for transition assistance, or in connection with defense of a lawsuit or threat of lawsuit arising out of acts and events occurred during Executive’s employment with the Company. In the event there is need for cooperation from Executive, the Company agrees that any request for cooperation under this paragraph will be reasonable and that the Company will a make good faith effort to accommodate Executive’s schedule. In the event a Company request

6




requires Executive to travel or spend substantially all of a given day, or days on Company matters, the Company and Executive will agree in advance on reasonable compensation for any such services. However, subject to the terms of Section I.A. of the Consulting Agreement, the Company will not be obligated to provide such compensation during for any time that Executive is receiving a consulting fee under the terms of the Consulting Agreement.
i.    For full and adequate consideration and as a condition to the receipt or retention of the consideration payable hereunder, which the Parties hereby acknowledge, Executive agrees to re-execute this Agreement on or following the Separation Date, provided, that the consideration payable hereunder and in respect of the Consulting Agreement may be payable only once.
j.    The Company, on its behalf and on behalf of its affiliated entities, and their respective predecessors and successors, agrees to fully release, waive and forever discharge Executive with respect to all claims, promises, causes of action or similar rights of any type (including Claims), known or unknown, which any of them ever had, now has or may hereafter claim to have had, against Executive, arising out of any act or omission occurring before the Company’s execution of this Agreement, including but not limited to, any Claims based on, arising out of, or related to Executive’s employment with, or the ending of Executive’s employment with the Company or any other occurrences, acts or omissions whatsoever, known or unknown, suspected or unsuspected, resulting from any act or omission by or on the part of any of Executive committed or omitted prior to the date of this Agreement; provided, that, nothing under this Agreement shall release Executive from Claims of or relating to bad faith, gross negligence, willful misconduct, fraud, embezzlement, breach of fiduciary duty, breach of any restrictive covenants, or contribution.
10.    Covenants. Without limiting any restriction to which Executive may be subject:
a.    Executive shall, through and following the date of this Agreement:
i)
Refrain from disparaging, criticizing or denigrating any Company Releasees;
ii)
Refrain from engaging in or assisting in any litigation against the Company relating to anything referring to or occurring prior to the date of this Agreement unless ordered by a court to do so; and
iii)
Refrain, from the date hereof throughout the Consulting Term of the Consulting Agreement, from soliciting any of the employees, agents, consultants or representatives of the Company to terminate his, her, or its relationship with the Company.
b.    Executive agrees through and following the date of this Agreement: To refrain from ever disclosing or using any of the Company’s Proprietary Information or Confidential Information, either directly or indirectly, without the express, written consent of the Company. For purposes of this Agreement, “Confidential Information” consists of any and all trade secrets as defined by the California Uniform Trade Secrets Act (California Civil Code §3426, et. seq.) and

7




“Proprietary Information” includes, without limitation, any information concerning any procedures, operations, techniques, data, compilations of information, member lists, pay practices, records, costs, employees, purchasing, sales, salaries, and all other information which is related to any service or business of the Company, other than information which is generally known in the industry in which the Company’s business is conducted or acquired from public sources, all of which Proprietary Information is the exclusive and valuable property of Company. Notwithstanding anything herein or in any other agreement or arrangement to the contrary, Executive is not prohibited from reporting possible violations of federal law or regulation to any governmental agency or entity, or making other disclosures, that are protected under the whistleblower provisions of federal law or regulation (or similar state laws) or receipt of awards thereunder, Executive will not need the prior authorization of the Company or the Committee to make any such reports or disclosures and Executive will not be required to notify the Committee or the Company that Executive has made such reports or disclosures, provided, that nothing shall waive any attorney client or similar privilege of the Company or its affiliates.  Executive will not be held criminally or civilly liable under any federal or state trade secret law for any disclosure of a trade secret that is made: (i) in confidence to a federal, state or local government official, either directly or indirectly, or to an attorney and solely for the purpose of reporting or investigating a suspected violation of law, or (ii) in a complaint or other document that is filed under seal in a lawsuit or other proceeding.  If Executive files a lawsuit for retaliation by the Company for reporting a suspected violation of law, Executive may disclose trade secrets to the Executive’s attorney and use the trade secret information in the court proceeding if Executive (x) files any document containing the trade secret under seal and (y) does not disclose the trade secret, except pursuant to court order.
c.    The Company shall, through and following the date of this Agreement, (i) refrain from and (ii) shall instruct and, during their service to the Company take commercially reasonable efforts to cause, its senior executive officers and the Company’s Board of Directors to refrain from, disparaging, criticizing or denigrating Executive.
11.    Mistake in Fact; Voluntary Consent.
The Parties acknowledge that, after the execution of this Agreement, they may discover facts different from or in addition to those that they now know or believe to be true with respect to the Claims released herein. Nonetheless, this Agreement shall be and remain in full force and effect in all respects, notwithstanding such different or additional facts and the Parties intend for any release to fully, finally, and forever settle and release the items (including, without limitation, Claims) released in this Agreement.
12.    Waiver of § 1542 Rights.
Subject to the terms of this Agreement and the Consulting Agreement, Executive and the Company expressly waive any and all rights and benefits conferred upon them by Section 1542 of the California Civil Code:
A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS, HER OR ITS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY

8




HIM, HER OR IT MUST HAVE MATERIALLY AFFECTED HIS, HER OR ITS SETTLEMENT WITH THE DEBTOR.
Subject to the terms of this Agreement and the Consulting Agreement, Executive and the Company further waive and relinquish all rights and benefits they may have under any other statutes or common law principles of similar effect. Executive and the Company further affirm that they are, respectively, knowingly releasing all known and unknown Claims that they have or may have against the Company Releasees or Executive as specifically set forth herein.
13.    No Admission of Liability.
The Company and Executive agree that this Agreement and the consideration set forth herein are not an admission by Company Releasees of any wrongdoing or liability. Company Releasees specifically deny any liability or wrongful acts against Executive. The Company and Executive agree that this Agreement and the covenants made herein are not an admission by the Company or Executive of any wrongdoing or liability. The Parties have entered into this Agreement in order to settle all disputes and differences between them, without admitting liability or wrongdoing by either Party.
14.    Survival of Indemnification and D&O Insurance Coverage.
a.    Insurance. To the extent that the Company maintains any errors and omissions or other liability insurance covering officers and directors (“Insurance”), Executive shall continue to be covered under such policy or policies for the periods that he is or was serving as an employee, officer, director or consultant of or to the Company or any subsidiary or affiliate in accordance with the terms of such Insurance. However, nothing herein shall in any way require the Company to continue to maintain any Insurance; provided, that the Company shall provide to Executive notice of any material modification (including a copy of such modification) or termination of Insurance.
b.    Indemnification. Notwithstanding any provisions of this Agreement to the contrary, the terms of any indemnification agreement or provision applicable to Executive by reason of the fact that he is or was serving as an employee, officer, director or consultant of or to the Company or any subsidiary or affiliate shall survive his termination of employment and any expiration or termination of this Agreement or the Consulting Agreement. Notwithstanding the terms of any indemnification agreement, the Company shall continue to indemnify Executive for his prior services to the Company or at the Company’s request to another entity and under the terms of the Consulting Agreement to the maximum extent permitted under Maryland law, and to pay or reimburse reasonable expenses in advance of the final disposition of the proceeding to the maximum extent permitted from time to time by the laws of Maryland, provided, that Executive shall be required to repay any advanced amounts if the standard of conduct for indemnification thereunder is not met.

9




15.    Return of Company Property.
At or before the Separation Date, Executive agrees and acknowledges that he will return to the Company all Company property in Executive’s possession, custody, or control, including but not limited to the Confidential Information and Proprietary Information, keys, key cards, computer equipment, computer disks or files, business information, records, and any other such property; provided, that through the Consulting Term of the Consulting Agreement Executive may continue to use in satisfying his obligations hereunder and under the Consulting Agreement (and will be provided access to) his Company email address, Company telephone extension, Company computer, and Company iPad, if any, and that such email, telephone extension, computer and iPad will be returned to the Company at the end of the Consulting Term of the Consulting Agreement. Executive also agrees to promptly return any subsequently discovered Company property to the Company, and to return any property of the Company at the request of the Company.
16.    Executive Outplacement Services.
The Parties acknowledge that Executive hereby waives any entitlement to any outplacement services provided from time to time to terminated employees.
17.    Confidentiality.
Executive agrees that prior to the public disclosure of this Agreement by the Company, as applicable, except to the extent required by law or subpoena, he will not disclose to others (excepting Executive’s spouse, tax advisors, and attorneys) (i) the fact or terms of this Agreement, (ii) the amounts referenced in this Agreement, or (iii) the fact or terms of the Consulting Agreement, which is Exhibit A to this Agreement. The Company agrees that prior to the public disclosure of this Agreement by the Company, as applicable, except to the extent required by law or subpoena, the Company will take commercially reasonable efforts not to disclose (except to counsel or senior executives of the Company or its affiliates, or other service providers to the Company, who have a need to know as reasonably determined by the Company’s Chief Operating Officer in good faith), (i) the fact or terms of this Agreement, (ii) the amounts referenced in this Agreement, or (iii) the fact or terms of the Consulting Agreement, which is Exhibit A to this Agreement.
18.    Binding Effect.
This Agreement shall be binding upon the Parties and upon their respective heirs, administrators, representatives, executors, successors and assigns, and shall ensure to the benefit of each Party and to their heirs, administrators, representatives, executors, successors and assigns.
19.    Severability.
Should any provision of this Agreement be declared or determined by any court or by an arbitrator to be illegal or invalid, the validity of the remaining parts, terms and provisions shall not be affected thereby and the illegal or invalid part, term or provision shall not be deemed to be a part of this Agreement.

10




20.    Entire Agreement.
The Company and Executive acknowledge that, except as provided for in this Agreement, this Agreement, together with Exhibit A, Exhibit B, and Exhibit C, which are expressly incorporated herein by reference, constitutes the entire and exclusive Agreement between the Company and Executive with respect to the subject matter hereof and that no other promise, inducement or agreement has been made to either Party in connection with the subject matter hereof. The Company and Executive further acknowledge that this Agreement is not subject to modifications of any kind, except for modifications in writing which are signed by both Parties or the modifications in respect of Section 409A as described above.
21.    Governing Law.
The Parties agree that this Agreement shall be construed and enforced pursuant to the internal laws of the State of California, without regard to conflicts of law principles.
22.    Attorneys’ Fees.
The arbitrator or determining party having competent jurisdiction in any dispute between the Parties may in its sole discretion, but shall not be obligated to, award attorneys’ fees to any Party in connection with any determination made by such arbitrator or determining party.

23.    Notice.
In the event notice is required under this Agreement, the Parties agree all notices shall be in writing and shall either be served by personal delivery, certified mail (return receipt requested), or by email delivered before 5:00 p.m. with a copy by certified mail (return receipt requested). Such notice shall be deemed given two (2) business days after mailing, or on the date when personally delivered or sent by email if the sender can prove that the emailed transmission was received (if the sender cannot so prove, then such emailed notice shall be deemed given two (2) business days after the certified mail copy is mailed); provided, however, notices of change of address shall be effective only after the actual receipt thereof. Notices must be provided as follows:
If to the Company or any of the Company Releasees:
The Macerich Company
Robert Perlmutter
Chief Operating Officer
401 Wilshire Blvd., Suite 700
Santa Monica, CA 90401

If to Executive:
Thomas J. Leanse
230 21st Street
Santa Monica, California 90402


11




24.    Dispute Resolution.
If a dispute or claim shall arise with respect to (i) any of the terms or provisions of this Agreement, or the performance of any Party hereunder, or (ii) matters relating to this Agreement, then the aggrieved Party may, by notice as herein provided and given no later than the expiration of the statute of limitation that California state law prescribes for such a claim, require that the dispute be submitted under the Judicial Arbitration and Mediation Services, Inc. (“JAMS”). The JAMS Employment Arbitration Rules & Procedures in effect at the time of the claim or dispute is arbitrated will govern the procedure for the arbitration proceedings between the Parties, except as expressly set forth herein. The written decision of the arbitrator shall be binding and conclusive on the Parties. Judgment may be entered in any court having jurisdiction and the parties consent to the jurisdiction of the Superior Court of Los Angeles County, California for this purpose. Any arbitration undertaken pursuant to the terms of this Agreement shall occur in Los Angeles County, California unless the Parties mutually agree in writing to some other venue. This arbitration obligation shall not apply to any action by the Company or its affiliates for injunctive or other equitable relief.
25.    Voluntary Agreement.
The Company and Executive hereby acknowledge that each has read this Agreement and fully know, understand and appreciate the contents and effects thereof, and that each executes this Agreement voluntarily and of their own free will and accord. Executive further acknowledges that he was advised, and has had the opportunity, to consult legal counsel of Executive’s own choosing with respect to the execution and legal effect of this Agreement, or has voluntarily and knowingly chosen not to consult with legal counsel.

12




26.    Acknowledgement of Waiver of Claims Under ADEA.
Executive further specifically agrees and acknowledges: (i) that his waiver of rights under this Agreement is knowing and voluntary as required under the Age Discrimination in Employment Act, 29 U.S.C. § 621 et. seq. and the Older Workers Benefit Protection Act; (ii) that he understands the terms of this Agreement; (iii) that the Company advises him to consult with an attorney prior to executing this Agreement; (iv) that the Company has given him a period of up to twenty-one (21) days within which to consider this Agreement; (v) that, following his execution of this Agreement, he has seven (7) days in which to revoke his agreement to this Agreement as specified below, and that, if he chooses not to so revoke, the Agreement shall then become effective and enforceable and the payments set forth herein shall then be provided to him in accordance with the terms of the Agreement; and (vi) nothing in this Agreement shall be construed to prohibit him from filing a charge or complaint, including a challenge to the validity of the waiver provision of this Agreement, with a government agency or the Equal Employment Opportunity Commission or participating in any investigation conducted by the Equal Employment Opportunity Commission. However, Employee agrees he is waiving the right to monetary damages or other equitable or monetary relief as a result of any such proceeding.
27.    Revocation Period.
Executive may revoke this Agreement and his release insofar as it extends to potential claims under the Age Discrimination in Employment Act, by informing the Company of his intent to revoke this Agreement and his release within seven (7) calendar days following his execution of this Agreement. Executive understands that any such revocation must be in writing and delivered by hand and received by the Company at the address set forth herein in the Agreement, prior to the end of the seventh day following his execution and delivery of this Agreement to the Company. Executive understands that if Executive exercises his right to revoke, then (i) the Company will have no obligations under the Agreement to Executive or to others whose rights derive from him and the Company’s agreements (including the releases in 9(j) hereunder and payment obligations hereunder) will be void ab initio and (ii) Executive will have no right to retain (and will forfeit without further action by Executive) any payments paid (except as required under applicable law). Notwithstanding anything herein to the contrary, the obligations set forth in this Agreement do not become effective until the expiration of the revocation period.
[SIGNATURE PAGE FOLLOWS]

13






 
Very truly yours,
 
 
 
The Macerich Company,
 
A Maryland corporation
 
 
 
 
 
By: /s/ Robert D. Perlmutter
 
      Robert D. Perlmutter
 
 
 
Title: Senior Executive Vice President and
 
          Chief Operating Officer

Executive acknowledges and agrees that he has carefully read and voluntarily signed this Agreement, that he has had at least 21 days to consider this Agreement, that Executive voluntarily and knowingly signs this Agreement with the intent of releasing the Company and the Company Releasees from any and all Claims.
Date: February 22, 2018
/s/ Thomas J. Leanse
 
Thomas J. Leanse


14




EXHIBIT A
CONSULTING AGREEMENT
This Consulting Agreement (“Consulting Agreement”) is entered into as of the 28th day of February, 2018 by and between [Thomas J. Leanse, an individual] (“Consultant”), and The Macerich Company, a Maryland corporation (the “Company”). Consultant and the Company (collectively, the “Parties”) agree as follows:
I.Engagement
The Company hereby engages Consultant and Consultant hereby accepts such non-exclusive engagement, upon the terms and conditions hereinafter set forth, for the Consulting Term. The “Consulting Term” is the period of time commencing on March 1, 2018 (the “Effective Date”) and ending on the first to occur of: (x) February 28, 2020 or (y) the date that Consultant breaches one of his obligations or agreements under this Consulting Agreement or under the Separation Agreement and Release of Claims between Company and Consultant dated February 22, 2018 (the “Separation Agreement”).
A.    Performance
Consultant shall perform consulting services as requested by the Company with reasonable notice, including without limitation as to matters with which Consultant is familiar or about which Consultant has acquired knowledge, expertise, or experience, including, without limitation, counseling on specific projects such as Candlestick, Carson, Green Acres pilot and property taxes. Consultant shall perform up to ten (10) hours of consulting services per month as directed by the Company, with any hours in excess of such amount, including services in connection with Section 9(h) of the Separation Agreement, being subject to Consultant’s (or any succeeding employer’s or

1




service recipient’s, as designated by Consultant) prior written agreement and subject to written agreement by the Parties on compensation payable for such excess services. Except as set forth herein, the Consulting Agreement is non-exclusive. The Parties reasonably agree to coordinate such services and reasonably take into account Consultant’s personal and other service commitments.
B.    Competent Service
Consultant agrees to honestly and faithfully conduct himself at all times during the performance of consulting services for the Company. Consultant agrees to perform his services in a diligent and competent manner. Consultant shall not engage any other individual or entity to perform all or any part of the services without the prior written consent of the Company.
II.Compensation
In consideration for the services to be provided by Consultant, the Company will pay the Consulting Fee, in substantially equal monthly installments at the beginning of each month during the Consulting Term. The aggregate amount of the monthly consulting fees in respect of his obligations under the Consulting Agreement will be $100,000 during the duration of the Consulting Term (the “Consulting Fee”). Failure of the Consultant to provide the services requested by the Company in accordance with this Consulting Agreement shall result in a breach of this Consulting Agreement, and, as a result, the Parties acknowledge and agree that Company may terminate the term of the Agreement and Consultant and Consultant’s affiliates and members shall cease to be entitled to any future monthly installments of the Consulting Fee. The Company shall also pay or reimburse any expenses reasonably incurred by Consultant in performing the services upon the submission of documentation for such expenses incurred in accordance with the expense reimbursement policies of the Company in effect from time to time for its senior executive level

2




employees (although reference to such policies does not modify the relationship of Consultant and the Company from independent contractor to employee or otherwise). Any material expenses shall be subject to the Company’s prior written consent prior to incurrence and reimbursement thereof.
III.Termination
Upon termination of the Consulting Term for Consultant’s breach pursuant to Section I(y), Consultant’s obligations hereunder shall continue without additional compensation.
IV.Relationship
A.    Independent Contractor
Consultant shall operate at all times under this Consulting Agreement as an independent contractor of the Company.
B.    Agency
This Consulting Agreement does not authorize Consultant to act as an agent of the Company or any of its affiliates or to make commitments on behalf of the Company or any of its affiliates, except as specifically authorized in writing in advance by any one of the following: the CEO, CFO, COO, CLO or the President of the Company. Consultant and the Company intend that an independent contractor relationship be created by this Consulting Agreement, and nothing herein shall be construed as creating an employer/employee relationship, partnership, joint venture, or other business group or concerted action. Except as specifically authorized in writing in advance by any one of the following: the CEO, CFO, COO, CLO or the President of the Company, Consultant shall not hold himself out as an agent of the Company or any of its affiliates for any purpose, including reporting to any governmental authority or agency, and shall have no authority to bind the Company or any of its affiliates to any obligation whatsoever. Notwithstanding the foregoing, Consultant and the Company may, to the extent deemed necessary or desired by any one of the following: the CEO,

3




CFO, COO, CLO or the President of the Company, agree in writing in advance to the terms of any actual authority afforded Consultant, and until such time as such writing is duly executed by the Parties, Consultant will have no actual or apparent authority to bind the Company or its affiliates.
C.    Taxes
Consultant and the Company agree that Consultant (and any of its employees or service providers) is not an employee for state or federal tax purposes. Consultant shall be solely responsible for any taxes due as a result of the payment of any consulting fee or other compensation in respect of this Consulting Agreement (including the Consulting Fee). Consultant will defend and indemnify the Company and each of its affiliates, and hold each of them harmless (including, without limitation, with respect to attorneys’ fees and costs reasonably incurred therewith), from and against any obligation arising or having arisen out of any recharacterization of Consultant (or any of its employees or service providers) as an employee (and the consequences of any failure in respect thereto (including in connection with any withholding or reporting obligations and penalties therefrom)) and/or Consultant’s failure to pay such taxes with respect to any such payments (including without limitation the Consulting Fee). If the Company reasonably determines that applicable law requires that taxes should be withheld from any payments or other compensation and benefits in respect of this Consulting Agreement, the Company reserves the right to withhold, as legally required, from any compensation payable to Consultant and to notify Consultant accordingly.
D.    Workers’ Compensation and Unemployment Insurance
Consultant (and its employees or service providers) is not entitled to workers’ compensation benefits or unemployment compensation benefits provided by the Company. Consultant shall be solely responsible for the payment of his workers’ compensation, unemployment compensation,

4




and other such payments. The Company will not pay for workers’ compensation for Consultant (or its employees or service providers). The Company will not contribute to a state unemployment fund for Consultant (or its employees or service providers). The Company will not pay the federal unemployment tax for Consultant (or its employees or service providers).
E.    Benefits
Consultant (and its employees or service providers, if any) shall not be entitled to participate in any vacation, medical, retirement, or other health and welfare or fringe benefit plan of the Company by virtue of this Consulting Agreement, and Consultant shall not make (and shall cause its employees and service providers, if any, not to make) claim of entitlement any such employee plan, program or benefit on the basis of this Consulting Agreement. Nothing in this Consulting Agreement is intended, however, to supersede or otherwise affect Consultant’s rights to continued medical, dental or group health following his termination of employment with the Company pursuant to COBRA as set forth in the Separation Agreement.
F.    By signing below, Consultant (on its behalf and on behalf of its employees and service providers, if any) waives any rights to the aforementioned benefits and coverages.
V.Non-Disparagement
A.    Consultant’s Obligation
Without limiting any provision of the Separation Agreement or other obligations to which Consultant or its affiliates may be subject, Consultant agrees that Consultant will not at any time during the Consulting Term, directly or indirectly, (1) make or ratify any statement, public or private, oral or written, to any person that denigrates or disparages, either professionally or personally, the Company, any of its subsidiaries or affiliates, or any of their respective directors, officers, or employees, successors or products, past and present, or (2) make any statement or engage in any

5




conduct that has the purpose (or which a reasonable person reasonably should have known would likely have the effect) of disrupting the business of the Company or any of its subsidiaries or affiliates. Notwithstanding anything herein or in any other agreement or arrangement to the contrary, Consultant is not prohibited from reporting possible violations of federal law or regulation to any governmental agency or entity, or making other disclosures, that are protected under the whistleblower provisions of federal law or regulation (or similar state laws) or receipt of awards thereunder, Consultant will not need the prior authorization of the Company to make any such reports or disclosures and Consultant will not be required to notify the Company that Consultant has made such reports or disclosures, provided, that nothing shall waive any attorney client or similar privilege of the Company or its affiliates.  Consultant will not be held criminally or civilly liable under any federal or state trade secret law for any disclosure of a trade secret that is made: (i) in confidence to a federal, state or local government official, either directly or indirectly, or to an attorney and solely for the purpose of reporting or investigating a suspected violation of law, or (ii) in a complaint or other document that is filed under seal in a lawsuit or other proceeding.  If Consultant files a lawsuit for retaliation by the Company for reporting a suspected violation of law, Consultant may disclose trade secrets to the Consultant’s attorney and use the trade secret information in the court proceeding if Consultant (x) files any document containing the trade secret under seal and (y) does not disclose the trade secret, except pursuant to court order.
B.    Company’s Obligation
The Company shall, through and following the date of this Agreement, (i) refrain from and (ii) shall instruct and, during their service to the Company take commercially reasonable efforts to cause, its senior executive officers and the Company’s Board of Directors to refrain from,

6




disparaging, criticizing or denigrating Consultant. Without limiting any provision of the Separation Agreement or other obligations to which Consultant or its affiliates may be subject, Company agrees that Company will not at any time during the Consulting Term, directly or indirectly, (1) make or ratify any statement, public or private, oral or written, to any person that denigrates or disparages, either professionally or personally, the Consultant, or (2) make any statement or engage in any conduct that has the purpose (or which a reasonable person reasonably should have known would likely have the effect) of disrupting the business or reputation of the Consultant or any of Consultant’s affiliates.
VI.Acceleration of Consulting Fee
A.    Death or Disability
In the event Consultant is unable to perform the consulting services requested by the Company on account of Consultant’s death or Disability, the Consulting Term will terminate, Consultant will not be deemed to be in breach of the Agreement, and Company shall accelerate and pay the remainder of the unpaid Consulting Fee in a lump sum payment on or within 30 days after the termination date. For purposes of this Agreement, “Disability” means the inability of the Consultant to perform substantial gainful activity of his own occupation by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months.
B.    Change in Control
In the event of the occurrence of a Change in Control, as that term is defined in The Macerich Company Change in Control Severance Plan for Senior Executives, the Consulting Term will terminate, Consultant will not be deemed to be in breach of the Agreement, and Company shall

7




accelerate and pay the remainder of the unpaid Consulting Fee in a lump sum payment on or within 30 days after the Change in Control date.
VII.Miscellaneous
A.    Successors
This Consulting Agreement is personal to each of Consultant and the Company and shall not, without the prior written consent of the other, be assignable by either of them, except to a purchaser or the Company’s assets or successor at law.
B.    Waiver and Modification
No waiver of any breach of any term or provision of this Consulting Agreement shall be construed to be, nor shall be, a waiver of any other breach of this Consulting Agreement. No waiver shall be binding unless in writing and signed by the Party waiving the breach. This Consulting Agreement may not be amended or modified other than by a written agreement executed by Consultant and an authorized officer of the Company.

8




C.    Complete Agreement
This Consulting Agreement constitutes and contains the entire agreement and final understanding concerning Consultant’s consulting relationship with the Company and its affiliates from and after the date hereof, and the other subject matters addressed herein between the Parties, and it supersedes and replaces all prior negotiations and all agreements proposed or otherwise, whether written or oral, concerning the subject matters hereof, except the Separation Agreement; provided however, that Consultant’s confidentiality, proprietary information, trade secret and similar obligations under any existing agreement with the Company shall continue in addition to and not in lieu of any obligations set forth herein or in the Separation Agreement.
D.    Severability
If any provision of this Consulting Agreement or the application thereof is held invalid, the invalidity shall not affect other provisions or applications of the Consulting Agreement which can be given effect without the invalid provisions or applications and to this end the provisions of this Consulting Agreement are declared to be severable.
E.    Governing Law
The Parties agree that this Agreement shall be construed and enforced pursuant to the internal laws of the State of California, without regard to conflicts of law principles.
F.    Advice of Counsel
In entering this Consulting Agreement, the Parties represent that they have relied upon the advice of their attorneys, who are attorneys of their own choice, and that the terms of this Consulting Agreement have been completely read and explained to them by their attorneys, and that those terms are fully understood and voluntarily accepted by them. Each Party has cooperated in the drafting and preparation of this Consulting Agreement. Hence, in any construction to be made of this

9




Consulting Agreement, the same shall not be construed against any party on the basis that the Party was the drafter.
G.    Attorneys’ Fees
The arbitrator or determining party having competent jurisdiction in any dispute between the Parties may in its sole discretion, but shall not be obligated to, award attorneys’ fees to any Party in connection with any determination made by such arbitrator or determining party.
H.    Counterparts
This Consulting Agreement may be executed in counterparts, and each counterpart, when executed, shall have the efficacy of a signed original. Photographic copies of such signed counterparts may be used in lieu of the originals for any purpose.
I.    Headings
The section headings contained in this Consulting Agreement are inserted for convenience only and shall not affect in any way the meaning or interpretation of this Consulting Agreement.
J.    Dispute Resolution.
If a dispute or claim shall arise with respect to (i) any of the terms or provisions of this Agreement, or the performance of any Party hereunder, or (ii) matters relating to this Agreement, then the aggrieved Party may, by notice as herein provided and given no later than the expiration of the statute of limitation that California state law prescribes for such a claim, require that the dispute be submitted under the Judicial Arbitration and Mediation Services, Inc. (“JAMS”). The JAMS Employment Arbitration Rules & Procedures in effect at the time of the claim or dispute is arbitrated will govern the procedure for the arbitration proceedings between the Parties, except as expressly set forth herein. The written decision of the arbitrator shall be binding and conclusive

10




on the Parties. Judgment may be entered in any court having jurisdiction and the parties consent to the jurisdiction of the Superior Court of Los Angeles County, California for this purpose. Any arbitration undertaken pursuant to the terms of this Agreement shall occur in Los Angeles County, California unless the Parties mutually agree in writing to some other venue. This arbitration obligation shall not apply to any action by the Company or its affiliates for injunctive or other equitable relief.
[SIGNATURE PAGE FOLLOWS]




11







THE UNDERSIGNED HAVE READ THE FOREGOING CONSULTING AGREEMENT AND ACCEPT AND AGREE TO THE PROVISIONS IT CONTAINS AND HEREBY EXECUTE IT VOLUNTARILY WITH FULL UNDERSTANDING OF ITS CONSEQUENCES.


EXECUTED this _____day of _________, 2018, in the State of California, with the effective date as set forth above.
 
CONSULTANT

 
 
 
   
 
[Thomas J. Leanse]

EXECUTED this _____day of __________, 2018, in the State of California, with the effective date as set forth above.
 
 
 
THE MACERICH COMPANY, A MARYLAND CORPORATION
 
 
 
 
 
By:    
 
 
 
Its:    




12





EXHIBIT B

AWARDS

Incentive Stock Option
Grant Date: September 1, 2012
10,565 shares

Type
Issuance/ Grant Date
Number of Units
Vesting Date
End of Holding Period
2016 service-based LTIP Units
1/1/2016
1,420
12/30/2016
N/A
2017 Fully Vested LTIP Units (2016 annual incentive bonus)
3/3/2017
13,459
3/3/2017
N/A
2015 service-based LTIP Units# (Booked up)
1/1/2015
1,249
12/29/2017
N/A
2016 service-based LTIP Units
1/1/2016
1,420
12/29/2017
N/A
2017 service-based LTIP Units
1/1/2017
1,617
12/29/2017
N/A
2016 service-based LTIP Units
1/1/2016
1,420
12/31/2018
N/A
2017 service-based LTIP Units
1/1/2017
1,617
12/31/2018
N/A
2017 service-based LTIP Units
1/1/2017
1,618
12/31/2019
N/A
2016 performance-based LTIP Units (vesting based on TSR 1/1/16-12/31/18)
1/1/2016
19,340
12/31/2018
N/A
2017 performance-based LTIP Units
(vesting based on TSR 1/1/17 – 12/31/19)
1/1/2017
21,871
12/31/2019
N/A









EXHIBIT C

Section 5 Payments


Prorated 2018 Target Annual Bonus payable
as a lump sum under Section 5(i)    $125,000.00


Amount in lieu of Medicare and Medigap premiums    $ 98,535.96

Amount for 12 months’ outplacement assistance    $ 13,500.00

Total amount payable as a lump sum under Section 5(ii)    $112,035.96



Deferred Compensation Plan Credit under Section 5(iii)    $900,000.00




 EX-10.22.10 3 mac-2017x1231x10kxex102210.htm EXHIBIT 10.22.10 Exhibit
        


Exhibit 10.22.10
THE MACERICH COMPANY
[2018] LTIP UNIT AWARD AGREEMENT
(PERFORMANCE-BASED)
[2018] LTIP UNIT AWARD AGREEMENT (Performance-Based) made as of the date set forth on Schedule A hereto between The Macerich Company, a Maryland corporation (the “Company”), its subsidiary The Macerich Partnership, L.P., a Delaware limited partnership and the entity through which the Company conducts substantially all of its operations (the “Partnership”), and the party listed on Schedule A (the “Grantee”).
RECITALS
A.    The Grantee is a key employee of the Company or one of its Subsidiaries or affiliates and provides services to the Partnership.
B.    Pursuant to its Long-Term Incentive Plan (“LTIP”) the Company can award units of limited partnership interest of the Partnership designated as “LTIP Units” in the Partnership Agreement (as defined herein) under The Macerich Company 2003 Equity Incentive Plan, as amended (the “2003 Plan”), to provide certain key employees of the Company or its Subsidiaries and affiliates, including the Grantee, in connection with their employment with the long-term incentive compensation described in this Award Agreement (this “Agreement” or “Award Agreement”), and thereby provide additional incentive for them to promote the progress and success of the business of the Company and its Subsidiaries and affiliates, including the Partnership, while increasing the total return to the Company’s stockholders. [2018] LTIP Units (PB) (as defined herein) have been awarded by the Compensation Committee (the “Committee”) of the Board of Directors of the Company (the “Board”) pursuant to authority delegated to it by the Board as set forth in the Committee’s charter, including authority to make grants of equity interests in the Partnership which may, under certain circumstances, become exchangeable for shares of the Company’s Common Stock reserved for issuance under the 2003 Plan, or any successor equity plan (as any such plan may be amended, modified or supplemented from time to time, collectively the “Stock Plan”). This Agreement evidences an award to the Grantee under the LTIP (this “Award”), which is subject to the terms and conditions set forth herein.
C.    The Grantee was selected by the Committee to receive this Award as one of a select group of highly compensated or management employees who, through the effective execution of their assigned duties and responsibilities, are in a position to have a direct and measurable impact on the Company’s long-term financial results. Effective as of the grant date specified in Schedule A hereto, the Committee awarded to the Grantee the number of [2018] LTIP Units (PB) (as defined herein) set forth in Schedule A.
NOW, THEREFORE, the Company, the Partnership and the Grantee agree as follows:
1.Administration. The LTIP and all awards thereunder, including this Award, shall be administered by the Committee, which in the administration of the LTIP shall have all the powers and authority it has in the administration of the Stock Plan, as set forth in the Stock Plan. The Committee may from time to time adopt any rules or procedures it deems necessary or desirable

        

for the proper and efficient administration of the LTIP, consistent with the terms hereof and of the Stock Plan. The Committee’s determinations and interpretations with respect to the LTIP and this Agreement shall be final and binding on all parties.
2.    Definitions. Capitalized terms used herein without definitions shall have the meanings given to those terms in the Stock Plan. In addition, as used herein:
“Award [2018] LTIP Units (PB)” has the meaning set forth in Section 3(a).
“Cause” for termination of the Grantee’s employment means that the Company, acting in good faith based upon the information then known to the Company, determines that the Grantee has:
(a)    failed to perform in a material respect without proper cause his obligations under the Grantee’s Service Agreement (if one exists);
(b)    been convicted of or pled guilty or nolo contendere to a felony; or
(c)    committed an act of fraud, dishonesty or gross misconduct which is materially injurious to the Company.
Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Applicable Board (as defined below) or upon the instructions of the Chief Executive Officer of the Company or based upon the advice of counsel or independent accountants for the Company shall be conclusively presumed for purposes of this Agreement to be done, or omitted to be done, by the Grantee in good faith and in the best interests of the Company. The cessation of employment of the Grantee shall not be deemed to be for Cause under clause (a) or (c) above unless and until there shall have been delivered to the Grantee a copy of a resolution duly adopted by the affirmative vote of at least a majority of the entire membership of the Applicable Board (excluding the Grantee and any relative of the Grantee, if the Grantee or such relative is a member of the Applicable Board) at a meeting of the Applicable Board called and held for such purpose (after reasonable notice is provided to the Grantee and the Grantee is given an opportunity, together with counsel for the Grantee, to be heard before the Applicable Board), finding that, in the good faith opinion of the Applicable Board, the Grantee is guilty of the conduct described in clause (a) or (c) above, and specifying the particulars thereof in reasonable detail. For purposes of the definition of Cause, “Applicable Board” means the Board or, if the Company is not the ultimate parent corporation of the Company and its Affiliates and is not publicly-traded, the board of directors of the ultimate parent of the Company.
“Change in Control Severance Pay Plan” means The Macerich Company Change in Control Severance Pay Plan For Senior Executives, as may be amended or modified from time to time
“Change of Control” means any of the following:
(a)    The acquisition by any Person of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 33% or more of either (A) the then-

2

outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”) or (B) the combined voting power of the then-outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that, for purposes of this definition, the following acquisitions shall not constitute a Change of Control: (i) any acquisition directly from the Company, (ii) any acquisition by the Company, (iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any affiliate of the Company or successor or (iv) any acquisition by any entity pursuant to a transaction that complies with (c)(i), (c)(ii) and (c)(iii) below;
(b)    Individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least two-thirds of the directors then comprising the Incumbent Board (including for these purposes, the new members whose election or nomination was so approved, without counting the member and his predecessor twice) shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board;
(c)    Consummation of a reorganization, merger, statutory share exchange or consolidation or similar corporate transaction involving the Company or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of the Company, or the acquisition of assets or stock of another entity by the Company or any of its subsidiaries (each, a “Business Combination”), in each case unless, following such Business Combination, (i) all or substantially all of the individuals and entities that were the beneficial owners of the Outstanding Company Common Stock and the Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 60% of the then-outstanding shares of common stock and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the entity resulting from such Business Combination (including, without limitation, an entity that, as a result of such transaction, owns the Company or all or substantially all of the Company’s assets directly or through one or more subsidiaries (“Parent”)) in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Company Common Stock and the Outstanding Company Voting Securities, as the case may be, (ii) no Person (excluding any entity resulting from such Business Combination or a Parent or any employee benefit plan (or related trust) of the Company or such entity resulting from such Business Combination or Parent) beneficially owns, directly or indirectly, 20% or more of, respectively, the then-outstanding shares of common stock of the entity resulting from such Business Combination or the combined voting power of the then-outstanding voting securities of such entity, except to the extent that the ownership in excess of 20% existed prior to the Business Combination, and (iii) at least a majority of the members of the board of directors or trustees of the entity resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement or of the action of the Board providing for such Business Combination; or

3

(d)    Approval by the stockholders of the Company of a complete liquidation or dissolution of the Company.
“Code” means the Internal Revenue Code of 1986, as amended.
“Common Stock” means shares of the Company’s common stock, par value $0.01 per share, either currently existing or authorized hereafter.
“Competitive Activities” means that the Grantee, directly or indirectly, whether as owner, partner, shareholder, consultant, agent, employee, co-venturer or otherwise, engages, participates, assists or invests in any Competing Business (as hereinafter defined). The term “Competing Business” shall mean a publicly-traded real estate investment trust that is identified by the National Association of Real Estate Investment Trusts as a “mall REIT” (other than the Company or a surviving or resulting entity upon a Change of Control, or any of their respective affiliates). Notwithstanding the foregoing, the Grantee may own equity securities of an entity which constitutes, or is affiliated with, a Competing Business, so long at their value does not exceed five percent (5%) of the aggregate equity market capitalization of the Competing Business.
“Continuous Service” means the continuous service to the Company or any Subsidiary or affiliate, without interruption or termination, in any capacity of employee, or, with the written consent of the Committee, consultant. Continuous Service shall not be considered interrupted in the case of (A) any approved leave of absence, (B) transfers among the Company and any Subsidiary or affiliate, or any successor, in any capacity of employee, or with the written consent of the Committee, consultant, or (C) any change in status as long as the individual remains in the service of the Company and any Subsidiary or affiliate in any capacity of employee, member of the Board or (if the Company specifically agrees in writing that the Continuous Service is not uninterrupted) a consultant. An approved leave of absence shall include sick leave, military leave, or any other authorized personal leave.
“Current Distributions” has the meaning set forth in Section 7(b).
“Contingent Distributions” has the meaning set forth in Section 7(c).
“Disability” means (A) a “permanent and total disability” within the meaning of Section 22(e)(3) of the Code, or (B) the absence of the Grantee from his duties with the Company on a full-time basis for a period of nine months as a result of incapacity due to mental or physical illness which is determined to be total and permanent by a physician selected by the Company or its insurers and acceptable to the Grantee or his legal representative (such agreements as to acceptability not to be unreasonably withheld). “Incapacity” as used herein shall be limited only to a condition that substantially prevents the Grantee from performing his or her duties.
“Effective Date” means January 1, [2018].
“Exchange Act” means the Securities Exchange Act of 1934, as amended.

4

“Fair Market Value” means, as of any given date, the fair market value of a security determined by the Committee using any reasonable method and in good faith (such determination will be made in a manner that satisfies Section 409A of the Code and in good-faith as required by Section 422(c)(1) of the Code); provided that (A) if the security is then listed on a national stock exchange, the fair market value of such security on any date shall be the closing sales price per Share on the principal national stock exchange on which the security is listed on such date (or, if such date is not a trading date on which there was a sale of such security on such exchange, the last preceding date on which there was a sale of such security on such exchange), (B) if the security is not then listed on a national stock exchange but is then traded on an over-the-counter market, the fair market value of such security on any date shall be the average of the closing bid and asked prices for such security in the principal over-the-counter market on which such security is traded on such date (or, if such date is not a trading date on which there was a sale of such security on such market, for the last preceding date on which there was a sale of such security in such market), or (C) if the security is not then listed on a national stock exchange or traded on an over-the-counter market, the fair market value of such security on any date shall be such value as the Committee in its discretion may in good faith determine; provided that, where Shares are so listed or traded, the Committee may make such discretionary determinations where Shares have not been traded for 10 trading days.
“Good Reason” means an action taken by the Company, without the Grantee’s written consent thereto, resulting in a material negative change in the employment relationship. For these purposes, a “material negative change in the employment relationship” shall include, without limitation, any one or more of the following reasons, to the extent not remedied by the Company within 30 days after receipt by the Company of written notice from the Grantee provided to the Company within 90 days (the “Cure Period”) of the Grantee’s knowledge of the occurrence of an event or circumstance set forth in clauses (a) through (e) below specifying in reasonable detail such occurrence:
(a)    the assignment to the Grantee of any duties materially inconsistent in any respect with the Grantee’s position (including status, offices, titles and reporting requirements), authority, duties or responsibilities, or any other material diminution in such position, authority, duties or responsibilities (whether or not occurring solely as a result of the Company’s ceasing to be a publicly traded entity);
(b)    a change in the Grantee’s principal office location to a location further away from the Grantee’s home which is more than 30 miles from the Grantee’s current principal office;
(c)    the taking of any action by the Company to eliminate benefit plans in which the Grantee participated in or was eligible to participate in immediately prior to a Change of Control without providing substitutes therefor, to materially reduce benefits thereunder or to substantially diminish the aggregate value of the incentive awards or other fringe benefits; provided that if neither a surviving entity nor its parent following a Change of Control is a publicly-held company, the failure to provide stock-based benefits shall not be deemed good reason if benefits of comparable value using recognized valuation methodology are substituted therefor; and provided further that a reduction or elimination in the aggregate of not more than 10% in aggregate benefits in connection

5

with across the board reductions or modifications affecting similarly situated persons of executive rank in the Company or a combined organization shall not constitute Good Reason;
(d)    any one or more reductions in the Grantee’s Base Salary that, individually or in the aggregate, exceed 10% of the Grantee’s Base Salary; or
(e)    any material breach by the Company of the Grantee’s Service Agreement (if one exists).
In the event that the Company fails to remedy the condition constituting Good Reason during the applicable Cure Period, the Grantee’s “separation from service” (within the meaning of Section 409A of the Code) must occur, if at all, within two years following the occurrence of such condition in order for such termination as a result of such condition to constitute a termination for Good Reason. If the Grantee suffers a Disability or dies following the occurrence of any of the events described in clauses (a) through (e) above and the Grantee has given the Company the requisite written notice but the Company has failed to remedy the situation prior to such physical or mental incapacity or death, the Grantee’s physical or mental incapacity or death shall not affect the ability of the Grantee or his heirs or beneficiaries, as applicable, to treat the Grantee’s termination of employment as a termination for Good Reason. For purposes of the definition of Good Reason, the term “Base Salary” means the annual base rate of compensation payable to Grantee by the Company as of the Grantee’s date of termination, before deductions or voluntary deferrals authorized by the Grantee or required by law to be withheld from the Grantee by the Company. Salary excludes all other extra pay such as overtime, pensions, severance payments, bonuses, stock incentives, living or other allowances, and other perquisites.
“[2018] LTIP Units (PB)” means units of limited partnership interest of the Partnership designated as “LTIP Units” in the Partnership Agreement awarded pursuant to this Agreement under the LTIP having the rights, voting powers, restrictions, limitations as to distributions, qualifications and terms and conditions of redemption set forth in the Partnership Agreement.
“Partial Service Factor” means a factor carried out to the sixth decimal, but never greater than one (1.000000), to be used in calculating the number of Award [2018] LTIP Units (PB) that become vested pursuant to Section 5(c) hereof in the event of the Grantee’s Qualified Termination, death, Disability or Retirement during the Performance Period, determined by dividing (A) the number of calendar days that have elapsed since the Effective Date to and including the date of the Grantee’s Qualified Termination, death or Disability by (B) 365.
“Partnership Agreement” means the Amended and Restated Limited Partnership Agreement of the Partnership, dated as of March 16, 1994, among the Company, as general partner, and the limited partners who are parties thereto, as amended from time to time.
“Peer REIT” means each of the business entities qualified as real estate investment trusts (“REITs”) that are publicly-traded “equity REITs.” It is the current intention of the Committee to use the Peer REITs identified by the National Association of Real Estate Investment Trusts (“NAREIT”) to determine the Peer REIT Total Return for each Peer REIT. If the Committee determines that NAREIT no longer identifies Peer REITs, or that NAREIT’s identification of Peer

6

REITs is no longer suitable for the purposes of this Agreement, then the Committee in its good faith reasonable discretion shall select Peer REITs identified by another reputable business organization for purposes of this Agreement. REITs classified as “mortgage REITs” are not included in the definition of Peer REIT. The Committee may in its sole and absolute discretion exclude from the group of Peer REITs designated as set forth above, any REIT (A) that is in bankruptcy at any point during the Performance Period or (B) that did not qualify as a Peer REIT during the entire Performance Period. In lieu of excluding such Peer REIT altogether, the Committee may adjust the calculation of Peer REIT Total Return for any REIT described in (A) or (B) of the preceding sentence, to the extent determined by the Committee in its reasonable discretion. The Committee does not have the discretion to adjust the Peer REIT Total Return for matters other than as described above.
“Peer REIT Total Return” means, for a Peer REIT, with respect to the Performance Period, the absolute total stockholder return of the common equity of such Peer REIT during the Performance Period, calculated in the same manner as Total Return is calculated for the Company.
[“Performance Period” means, the period commencing on (and including) January 1, [2018] and concluding on (and including) the earliest of (a) December 31, [2020] or (b) the date of a Change of Control.]
[“Performance Period” means, the period commencing on (and including) January 1, [2018] and concluding on (and including) December 31, [2020].]
“Person” means an individual, corporation, partnership, limited liability company, joint venture, association, trust, unincorporated organization, other entity or “group” (as defined in the Exchange Act).
“Qualified Termination” means a termination of the Grantee’s employment (A) by the Company for no reason, or for any reason other than for Cause, death or Disability, or (B) by the Grantee for Good Reason.
“Retirement” means: (A) if the Grantee is a party to a Service Agreement immediately prior to such event, and “Retirement” is defined therein, then “Retirement” shall have the meaning set forth in such Service Agreement, or (B) if the Grantee is not party to a Service Agreement immediately prior to such event and/or the Grantee’s Service Agreement does not define “Retirement,” then “Retirement” shall mean the Grantee’s voluntary termination of employment with the Company and its Subsidiaries after attainment of age 55 and completion of five (5) years of employment with the Company and/or a Subsidiary, provided that following Retirement the Grantee does not engage in Competitive Activities during the balance of the Performance Period; provided, however, that if the Grantee would be eligible for Retirement pursuant to clause (B) as of the date of this Agreement, the Grantee will not be entitled to the benefits provided in this Agreement in the event of Retirement until the first anniversary of the date of this Agreement.
“Service Agreement” means, as of a particular date, any employment, consulting or similar service agreement, including, without limitation, management continuity agreement, then in effect

7

between the Grantee, on the one hand, and the Company or one of its affiliates, on the other hand, as amended or supplemented through such date.
“Share” means a share of Common Stock, subject to adjustments pursuant to Section 6.2 of the Stock Plan.
“Share Price” means, as of a particular date, the Fair Market Value of one Share on such date (or, if such date is not a trading day, the most recent trading day immediately preceding such date); provided further, however, that if such date is the date upon which a Transactional Sale Event occurs, the Share Price as of such date shall be equal to the fair market value in cash, as determined by the Committee, of the total consideration paid or payable in the transaction resulting in the Transactional Sale Event for one Share.
“Total Return” means, with respect to the Performance Period, the compounded total annual return that would have been realized by a stockholder who (A) bought one Share on the first day of the Performance Period at the Share Price on the date immediately preceding such day, (B) reinvested each dividend and other distribution declared during such period of time with respect to such Share (and any other Shares previously received upon reinvestment of dividends or other distributions) in additional Shares at the Fair Market Value on the applicable dividend payment date, and (C) sold all the Shares described in clauses (A) and (B) on the last day of the Performance Period at the Share Price on such date. As set forth in, and pursuant to, Section 9 hereof, appropriate adjustments to the Total Return shall be made to take into account all stock dividends, stock splits, reverse stock splits and the other events set forth in Section 9 hereof that occur during the Performance Period. In calculating Total Return, it is the current intention of the Committee to use total return to stockholders data for the Company and the Peer REITs available from one or more third party sources, though the Committee reserves the right in its reasonable discretion to retain the services of a consultant to analyze relevant data or perform necessary calculations for purposes of this Award. If the Committee delegates the calculation of Total Return to a valuation or other expert, including matters such as the determination of dividend reinvestment and the inclusion or exclusion of REITs as Peer REITs, the Committee is entitled to rely on such valuation or other expert.
“Transactional Sale Event” means (A) a Change of Control described in clause (a) of the definition thereof as a result of a tender offer for Shares or (B) a Change of Control described in clause (c) of the definition thereof.
“Units” means Partnership Units (as defined in the Partnership Agreement) that are outstanding or are issuable upon the conversion, exercise, exchange or redemption of any securities of any kind convertible, exercisable, exchangeable or redeemable for Partnership Units.
3.    Award of [2018] LTIP Units (PB).
(a)    On the terms and conditions set forth in this Agreement, as well as the terms and conditions of the Stock Plan, the Grantee is hereby granted this Award consisting of the number of [2018] LTIP Units (PB) set forth on Schedule A hereto, which is incorporated herein by reference (the “Award [2018] LTIP Units (PB)”).

8

(b)    [2018] LTIP Units (PB) shall constitute and be treated as the property of the Grantee as of the applicable grant date, subject to the terms of this Agreement and the Partnership Agreement. Every grant of [2018] LTIP Units (PB) to the Grantee pursuant to this Award shall be set forth in minutes of the meetings of the Committee. [2018] LTIP Units (PB) will be: (A) subject to vesting and/or forfeiture to the extent provided in Sections 4 and 5 hereof; and (B) subject to restrictions on transfer as provided in Section 8 hereof.
4.    Vesting of [2018] LTIP Units (PB).
(a)    Except as otherwise set forth in this Section 4 and Section 5 below, the percentage of the Grantee’s Award [2018] LTIP Units (PB) that will become vested at the end of the Performance Period [(or at such other date as provided in Section 5 hereof)] will be based on the percentile rank of the Company’s Total Return relative to the Peer REIT Total Return for the Peer REITs for the Performance Period as set forth below.
Percentile Rank
Percentage of Award Earned
At or above the 75th percentile
100% of the Award [2018] LTIP Units (PB)
At the 50th percentile
66-2/3% of the Award [2018] LTIP Units (PB)
At the 25th percentile
33-1/3% of the Award [2018] LTIP Units (PB)
Below the 25th percentile
0% of the Award [2018] LTIP Units (PB)

The percentile rank above shall be calculated using the following conventions:
Percentile Rank =     X

             Y
Where:
X =
the number of Peer REITs with a Peer REIT Total Return lower than the Company’s Total Return during the Performance Period.
Y =
the total number of Peer REITs minus 1.
If Percentile Rank as calculated above is a not a whole number, then the award earned shall be calculated as if the calculation resulted in a percentile rank equal to the next higher whole integer.
If the percentile rank falls between the 25th and 75th percentiles, the percentage of the Grantee’s Award [2018] LTIP Units (PB) that become vested will be calculated using linear interpolation, such that for every additional percentile of rank between the 25th and 75th percentiles an additional 1.33334% of the Award [2018] LTIP Units (PB) will be earned. For example: at the 34th percentile rank 45.334% of the Award [2018] LTIP Units (PB) will be earned {33.334% + [(9/25) x (33.334%)] = 45.334%}.
Subject to Section 5 hereof, vesting of the Grantee’s [2018] LTIP Units (PB) shall occur as of the last day of the Performance Period regardless of when the Committee completes its determination

9

of percentile rank or any other calculations or assessments related to its determination of the vesting percentage.
For the avoidance of doubt, assuming no Change of Control (i.e. the last day of the Performance period is December 31, [2020]), the intent of this Section 4(a) is that (i) the Company’s Total Return will be calculated using as the first input the Share Price on December 31, [2017] and as the last input the Share Price on December 31, [2020], and (ii) each Peer REIT’s Total Return will be calculated in the same manner with respect to the common equity of each such Peer REIT.
(b)    The Committee may, upon consideration of the statistical data for the Peer REITs relative to Peer REIT Total Return for the Performance Period, exercise its reasonable discretion to allow for vesting of Award [2018] LTIP Units (PB) under Section 4(a) on a basis other than a strict mathematical calculation of percentile rank to the extent appropriate in light of the circumstances. By way of illustration, the foregoing would allow the Committee to provide for vesting to occur at a particular level if the Peer REIT Total Return of a number of Peer REITs is clustered within a narrow range such that the effect of the precise calculation of percentile rank would be that vesting would not occur or occur at a lower level. The Committee does not have the discretion to adjust downward the vesting of Award [2018] LTIP Units (PB).
(c)    Any Award [2018] LTIP Units (PB) that do not become vested pursuant to this Section 4 shall, without payment of any consideration by the Partnership, automatically and without notice terminate, be forfeited and be and become null and void as of the end of the Performance Period, and neither the Grantee nor any of his successors, heirs, assigns, or personal representatives will thereafter have any further rights or interests in such unvested Award [2018] LTIP Units (PB).
5.    Change of Control or Termination of Grantee’s Service Relationship.
(a)    If the Grantee is a party to a Service Agreement, the provisions of Sections 5(b), 5(c), 5(d) and 5(e) below shall govern the vesting of the Grantee’s Award [2018] LTIP Units (PB) exclusively in the event of a Change of Control or termination of the Grantee’s service relationship with the Company or any Subsidiary or affiliate, unless the Service Agreement contains provisions that expressly refer to this Section 5 and provides that those provisions of the Service Agreement shall instead govern the vesting of the Grantee’s Award [2018] LTIP Units (PB). The foregoing sentence will be deemed an amendment to any applicable Service Agreement to the extent required to apply its terms consistently with this Section 5, such that, by way of illustration, any provisions of the Service Agreement with respect to accelerated vesting or payout of the Grantee’s bonus or incentive compensation awards in the event of certain types of terminations of Grantee’s service relationship (such as, for example, termination at the end of the term, termination without Cause by the employer or termination for Good Reason by the employee) shall not be interpreted as requiring that any calculations set forth in Section 4 hereof be performed, or vesting occur with respect to this Award other than as specifically provided in this Section 5. In the event an entity ceases to be a Subsidiary or affiliate of the Company, such action shall be deemed to be a termination of employment of all employees of that entity for purposes of this Agreement, provided that the Committee, in its sole and absolute discretion, may make provision in such circumstances

10

for accelerated vesting of some or all of the Grantee’s unvested Award [2018] LTIP Units (PB) that have not previously been forfeited.
(b)    In the event of a Change of Control prior to December 31, [2020], then:
(i)    [the calculations provided in Section 4 hereof shall be performed effective as of the date of the Change of Control as if the Performance Period ended on such date and following the date of the Change of Control no further calculations pursuant to Section 4 hereof shall be performed with respect to the Grantee;
(ii)    if the Award [2018] LTIP Units (PB) remain outstanding after a Change of Control or equivalent replacement awards (as defined in Section 5(b)(iv) hereof) are substituted for the Award [2018] LTIP Units (PB) at the time of the Change of Control, then the number of Award [2018] LTIP Units (PB) that are deemed earned as of the date of the Change of Control pursuant to the calculations provided in Section 4 shall remain subject to vesting tied to the Grantee’s Continuous Service until December 31, [2020] as if no Change of Control had occurred, except that the Grantee shall become fully vested in such Award [2018] LTIP Units (PB) immediately (A) upon the Grantee’s Qualified Termination in connection with or within twenty-four (24) months after the Change of Control, or (B) upon the Grantee’s death, Disability or Retirement;
(iii)    if neither the Award [2018] LTIP Units (PB) remain outstanding after a Change of Control nor equivalent replacement awards (as defined in Section 5(b)(iv) hereof) are substituted for the Award [2018] LTIP Units (PB) at the time of the Change of Control, then the Grantee shall become fully vested in the number of Award [2018] LTIP Units (PB) that are earned pursuant to the calculations provided in Section 4 as of the date of the Change of Control; and
(iv)    an award shall qualify as an “equivalent replacement award” if the following conditions are met in the good faith discretion of the Committee:
(A)
the replacement award is of the same type as the Award [2018] LTIP Units (PB) being replaced, including, without limitation, income tax attributes relating to the extent and timing of recognition of taxable income, gain or loss by the Grantee;
(B)
the replacement award has a value equal to the Fair Market Value of the Award LTIP Units being replaced as of the effective date of the Change of Control;
(C)
the equity securities issuable upon the conversion, exercise, exchange or redemption of the replacement award, or securities underlying the replacement award, as applicable, are listed on a national stock exchange;

11

(D)
the replacement award contains terms relating to vesting (including with respect to the Grantee’s Qualified Termination, death, Disability or Retirement) that are substantially identical to those of the Award [2018] LTIP Units (PB); and
(E)
the other terms and conditions of the replacement award are not less favorable to the Grantee than the terms and conditions of the Award [2018] LTIP Units (PB).

(i)    if the Award [2018] LTIP Units (PB) remain outstanding after a Change of Control or equivalent replacement awards (as defined in Section 5(b)(iii) hereof) are substituted for the Award [2018] LTIP Units (PB) at the time of the Change of Control, then:
(A)
the calculations provided in Section 4 hereof shall be performed as of the end of the Performance Period as if the Change of Control had not occurred; and
(B)
vesting tied to the Grantee’s Continuous Service will occur upon the earlier of (i) the end of the Performance Period or (ii) the date of the Grantee’s Qualified Termination, death, Disability or Retirement; provided, however, that the number of earned Award [2018] LTIP Units (PB) shall not be determined until the end of the Performance Period as provided in Section 4;
(ii)    if neither the Award [2018] LTIP Units (PB) remain outstanding after a Change of Control nor equivalent replacement awards are substituted for Award [2018] LTIP Units (PB) at the time of the Change of Control, then:
(A)
the calculations provided in Section 4 hereof shall be performed effective as of the date of the Change of Control as if the Performance Period ended on such date; and
(B)
the Grantee shall become fully vested in the number of Award [2018] LTIP Units (PB) that are earned pursuant to the calculations provided in Section 4 hereof as of the effective date of the Change of Control; and
(iii)    an award qualifies as an “equivalent replacement award” if the following conditions are met in the good faith discretion of the Committee:
(A)
the replacement award is of the same type as the Award [2018] LTIP Units (PB) being replaced, including, without limitation, income tax

12

attributes relating to the extent and timing of recognition of taxable income, gain or loss by the Grantee;
(B)
the equity securities issuable upon the conversion, exercise, exchange or redemption of the replacement award, or securities underlying the replacement award, as applicable, are listed on a national stock exchange;
(C)
the replacement award contains terms relating to vesting (including with respect to a Qualified Termination) that are substantially identical to those of the Award [2018] LTIP Units (PB);
(D)
with respect to the measurement of Total Return, the compounded total annual return that would have been realized by a stockholder who bought one Share on the first day of the Performance Period, reinvested all dividends and other distributions, and liquidated the entire investment on the last day of the Performance Period shall be measured assuming that such stockholder participated in the transaction constituting a Change of Control on the terms applicable to the majority of stockholders and had continued to hold the investment (whether in securities of the Company or the surviving or resulting entity after the Change of Control transaction or in other property received as part of the Change of Control transaction (which in the case of cash shall be deemed reinvested at market rates of return for investments with duration and risk appropriate under the circumstances), with appropriate adjustments to take into account stock dividends, stock splits, reverse stock splits and the other events set forth in Section 9 that occur during the Performance Period both before, upon and after the effective date of the Change of Control transaction; and
(E)
the other terms and conditions of the replacement award are not less favorable to the Grantee than the terms and conditions of the Award [2018] LTIP Units (PB).]
(c)    In the event of the Grantee’s Qualified Termination, death, Disability or Retirement prior to the end of the Performance Period, conditioned upon the execution and delivery by the Grantee of a customary release of claims and covenant not to solicit employees of the Company or its Subsidiaries or Affiliates following termination, the Grantee will not forfeit the Award [2018] LTIP Units (PB) upon such event, but the following provisions of this Section 5(c) shall modify the determination of vesting for the Grantee:
(i)    the calculations provided in Section 4 hereof shall be performed as of the end of the Performance Period as if Qualified Termination, death, Disability or Retirement had not occurred;

13

(ii)    if the Grantee’s Qualified Termination, death or Disability occurs before the first anniversary of the Effective Date, the number of Award [2018] LTIP Units (PB) resulting from the calculations provided in Section 4 hereof shall be multiplied by the Partial Service Factor (with the resulting number being rounded to the nearest whole LTIP Unit or, in the case of 0.5 of a unit, up to the next whole unit), and such adjusted number of Award [2018] LTIP Units (PB) shall become vested; and
(iii)    if the Grantee’s Qualified Termination, death, Disability or Retirement occurs after the first anniversary of the Effective Date, then there will be no reduction in the number of Award [2018] LTIP Units (PB) resulting from the calculations provided in Section 4 hereof.
(d)    For the avoidance of doubt, if the Grantee becomes engaged in Competitive Activities following the effective date of Retirement and before the end of the Performance Period, then the provisions of Section 5(b) or 5(c) will not apply, and the provisions of Section 5(f) will apply.
(e)    If the Grantee’s employment with the Company or a Subsidiary or affiliate terminates as a result of retirement under circumstances other than as described in Section 5(c) above, the Committee may, on a case-by-case basis and in its sole discretion, provide for accelerated or continued vesting of some or all of the Grantee’s unvested Award [2018] LTIP Units (PB) that have not previously been forfeited effective prior to the effective date of retirement.
(f)    In the event of a termination of employment or other cessation of the Grantee’s Continuous Service prior to the end of the Performance Period other than as provided in Section 5 (b) or 5(c), effective as of the date of such termination or cessation, all [2018] LTIP Units (PB) except for those that had previously been earned pursuant to Section 4 hereof and become vested pursuant to this Section 5 shall automatically and immediately be forfeited by the Grantee. Any forfeited Award [2018] LTIP Units (PB) shall, without payment of any consideration by the Partnership, automatically and without notice be and become null and void, and neither the Grantee nor any of his successors, heirs, assigns, or personal representatives will thereafter have any further rights or interests in such forfeited Award [2018] LTIP Units (PB).
6.    Payments by Award Recipients. No amount shall be payable to the Company or the Partnership by the Grantee at any time in respect of this Award.
7.    Distributions. Distributions on [2018] LTIP Units (PB) will be paid in accordance with the Partnership Agreement as modified hereby as follows:
(a)    The LTIP Unit Distribution Participation Date (as defined in the Partnership Agreement) with respect to those [2018] LTIP Units (PB) that have become vested in accordance with Sections 4 or 5 hereof shall be the effective date of vesting of Award [2018] LTIP Units (PB) (i.e. the last day of the Performance Period [or such other date as provided in Section 5 hereof]). Vested [2018] LTIP Units (PB) shall be entitled to receive the full distribution payable on Units

14

outstanding as of the record date next following the date set forth in the preceding sentence, whether or not they will have been outstanding for the whole period.
(b)    Prior to the LTIP Unit Distribution Participation Date provided in Section 7(a) above, Award [2018] LTIP Units (PB) shall be entitled to receive 10% of regular periodic distributions payable to holders of Units (the “Current Distributions”) and 0% of special, extraordinary or other distributions made not in the ordinary course.
(c)    An amount equal to (i) the difference between (x) all distributions (regular, special, extraordinary or otherwise) paid with respect to one Unit between the date of grant of the Award [2018] LTIP Units (PB) and the LTIP Unit Distribution Participation Date provided in Section 7(a) and (y) the Current Distributions paid with respect to one Award [2018] LTIP Unit up to the LTIP Unit Distribution Participation Date provided in Section 7(a) (such difference, the “Contingent Distributions”) multiplied by (ii) the number of Award [2018] LTIP Units (PB) shall be credited to a notional (unfunded) account for the benefit of the Grantee on the books and records of the Partnership subject to vesting. As promptly as practicable after the LTIP Unit Distribution Participation Date, an amount equal to the Contingent Distributions that would have been paid with respect to those Award [2018] LTIP Units (PB) that have become vested pursuant to Sections 4 or 5 hereof shall be paid to the Grantee. Any portion of the notional account that is not payable to the Grantee shall be forfeited and revert to the Partnership free and clear of any claims by the Grantee.
(d)    To the extent that the Partnership makes distributions to holders of Units partially in cash and partially in additional Units or other securities, unless the Committee in its sole discretion determines to allow the Grantee to make a different election, the Grantee shall be deemed to have elected with respect to all [2018] LTIP Units (PB) eligible to receive such distribution to receive 10% of such distribution in cash and 90% in Units, with the cash component constituting the Current Distribution prior to the LTIP Unit Distribution Participation Date.
8.    Restrictions on Transfer. None of the [2018] LTIP Units (PB) shall be sold, assigned, transferred, pledged or otherwise disposed of or encumbered (whether voluntarily or involuntarily or by judgment, levy, attachment, garnishment or other legal or equitable proceeding) (each such action a “Transfer”), or redeemed in accordance with the Partnership Agreement (a) until after they have become vested pursuant to Sections 4 or 5 hereof other than in connection with a Change of Control, and (b) unless such Transfer is in compliance with all applicable securities laws (including, without limitation, the Securities Act of 1933, as amended (the “Securities Act”)), and such Transfer is in accordance with the applicable terms and conditions of the Partnership Agreement; provided, however, that clause (a) above shall not apply with respect to (i) the conversion into Units of [2018] LTIP Units (PB) that have become vested in accordance with Sections 4 or 5 hereof (“Converted LTIP Units”) or (ii) any Transfer either of [2018] LTIP Units (PB) that have become vested in accordance with Sections 4 or 5 hereof or of Converted LTIP Units, so long as such Transfer is (A) permitted under the Partnership Agreement and (B) in connection with donative, estate or tax planning by the Grantee; and provided, further, that the Transferee agrees in writing with the Company and the Partnership not to make any further Transfer of such vested [2018] LTIP Units (PB) or Converted LTIP Units other than as permitted by this Section 8. In connection with any Transfer of [2018] LTIP Units (PB), the Partnership may require the Grantee to provide an

15

opinion of counsel, satisfactory to the Partnership, that such Transfer is in compliance with all federal and state securities laws (including, without limitation, the Securities Act). Any attempted Transfer of [2018] LTIP Units (PB) not in accordance with the terms and conditions of this Section 8 shall be null and void, and the Partnership shall not reflect on its records any change in record ownership of any [2018] LTIP Units (PB) as a result of any such Transfer, shall otherwise refuse to recognize any such Transfer and shall not in any way give effect to any such Transfer of any [2018] LTIP Units (PB). The restrictions on Transfer in this Section 8 shall not be interpreted to prohibit the Grantee from designating one or more beneficiaries to receive the Grantee’s LTIP Units or Converted LTIP Units that are payable in the event of the Grantee’s death. Any such beneficiary designation shall be on a form provided or approved by the Company.
9.    Changes in Capital Structure. Without duplication with the provisions of Section 6.2 of the Stock Plan, if (a) the Company shall at any time be involved in a merger, consolidation, dissolution, liquidation, reorganization, exchange of shares, sale of all or substantially all of the assets or stock of the Company, spin-off of a Subsidiary, business unit or significant portion of assets or other fundamental transaction similar thereto, (b) any stock dividend, stock split, reverse stock split, stock combination, reclassification, recapitalization, significant repurchases of stock, or other similar change in the capital structure of the Company shall occur, (c) any extraordinary dividend or other distribution to holders of shares of Common Stock or Units other than regular cash dividends shall be made, or (d) any other event shall occur that in each case in the good faith judgment of the Committee necessitates action by way of appropriate equitable adjustment in the terms of this Award, the LTIP or the [2018] LTIP Units (PB), then the Committee shall take such action as it deems necessary to maintain the Grantee’s rights hereunder so that they are substantially proportionate to the rights existing under this Award, the LTIP and the terms of the [2018] LTIP Units (PB) prior to such event, including, without limitation: (i) adjustments in the Award [2018] LTIP Units (PB), Share Price, Total Return or other pertinent terms of this Award; and (ii) substitution of other awards under the Stock Plan or otherwise. The Grantee shall have the right to vote the [2018] LTIP Units (PB) if and when voting is allowed under the Partnership Agreement, regardless of whether vesting has occurred.

16

10.    Miscellaneous.
(a)    Amendments; Modifications. This Agreement may be amended or modified only with the consent of the Company and the Partnership; provided that any such amendment or modification materially and adversely affecting the rights of the Grantee hereunder must be consented to by the Grantee to be effective as against him; and provided, further, that the Grantee acknowledges that the Stock Plan may be amended or discontinued in accordance with Section 6.6 thereof and that this Agreement may be amended or canceled by the Committee, on behalf of the Company and the Partnership, for the purpose of satisfying changes in law or for any other lawful purpose, so long as no such action shall impair the Grantee’s rights under this Agreement without the Grantee’s written consent. Notwithstanding the foregoing, this Agreement may be amended in writing signed only by the Company to correct any errors or ambiguities in this Agreement and/or to make such changes that do not materially adversely affect the Grantee’s rights hereunder. No promises, assurances, commitments, agreements, undertakings or representations, whether oral, written, electronic or otherwise, and whether express or implied, with respect to the subject matter hereof, have been made by the parties which are not set forth expressly in this Agreement. This grant shall in no way affect the Grantee’s participation or benefits under any other plan or benefit program maintained or provided by the Company.
(b)    Incorporation of Stock Plan and Change in Control Severance Pay Plan; Committee Determinations. The provisions of the Stock Plan and Change in Control Severance Pay Plan are hereby incorporated by reference as if set forth herein. In the event of a conflict between this Agreement and the Stock Plan, this Agreement shall be controlling and determinative. The Committee will make the determinations and certifications required by this Award as promptly as reasonably practicable following the occurrence of the event or events necessitating such determinations or certifications. In the event of a Change of Control, the Committee will perform any calculations set forth in Section 4 or Section 5 hereof required in connection with such Change of Control and make any determinations relevant to vesting with respect to this Award within a period of time that enables the Company to conclude whether Award [2018] LTIP Units (PB) become vested or are forfeited.
(c)    Status as a Partner. As of the grant date set forth on Schedule A, the Grantee shall be admitted as a partner of the Partnership with beneficial ownership of the number of Award [2018] LTIP Units (PB) issued to the Grantee as of such date pursuant to Section 3(a) hereof by: (A) signing and delivering to the Partnership a copy of this Agreement; and (B) signing, as a Limited Partner, and delivering to the Partnership a counterpart signature page to the Partnership Agreement (attached hereto as Exhibit A).
(d)    Status of [2018] LTIP Units (PB) under the Stock Plan. Insofar as the LTIP has been established as an incentive program of the Company and the Partnership, the [2018] LTIP Units (PB) are both issued as equity securities of the Partnership and granted as awards under the Stock Plan. The Company will have the right at its option, as set forth in the Partnership Agreement, to issue shares of Common Stock in exchange for Units into which [2018] LTIP Units (PB) may have been converted pursuant to the Partnership Agreement, subject to certain limitations set forth in the Partnership Agreement, and such shares of Common Stock, if issued, will be issued under

17

the Stock Plan. The Grantee must be eligible to receive the [2018] LTIP Units (PB) in compliance with applicable federal and state securities laws and to that effect is required to complete, execute and deliver certain covenants, representations and warranties (attached as Exhibit B). The Grantee acknowledges that the Grantee will have no right to approve or disapprove such determination by the Committee.
(e)    Legend. The records of the Partnership evidencing the [2018] LTIP Units (PB) shall bear an appropriate legend, as determined by the Partnership in its sole discretion, to the effect that such [2018] LTIP Units (PB) are subject to restrictions as set forth herein, in the Stock Plan and in the Partnership Agreement.
(f)    Compliance With Securities Laws. The Partnership and the Grantee will make reasonable efforts to comply with all applicable securities laws. In addition, notwithstanding any provision of this Agreement to the contrary, no [2018] LTIP Units (PB) will become vested or be issued at a time that such vesting or issuance would result in a violation of any such laws.
(g)    Investment Representations; Registration. The Grantee hereby makes the covenants, representations and warranties set forth on Exhibit B attached hereto. All of such covenants, warranties and representations shall survive the execution and delivery of this Agreement by the Grantee. The Partnership will have no obligation to register under the Securities Act any [2018] LTIP Units (PB) or any other securities issued pursuant to this Agreement or upon conversion or exchange of [2018] LTIP Units (PB). The Grantee agrees that any resale of the shares of Common Stock received upon the exchange of Units into which [2018] LTIP Units (PB) may be converted shall not occur during the “blackout periods” forbidding sales of Company securities, as set forth in the then applicable Company employee manual or insider trading policy. In addition, any resale shall be made in compliance with the registration requirements of the Securities Act or an applicable exemption therefrom, including, without limitation, the exemption provided by Rule 144 promulgated thereunder (or any successor rule).
(h)    Section 83(b) Election. In connection with the issuance of Award [2018] LTIP Units (PB) under this Award pursuant to Section 3 hereof the Grantee may (but is not required to) make an election to include in gross income in the year of transfer the applicable Award [2018] LTIP Units (PB) pursuant to Section 83(b) of the Code substantially in the form attached hereto as Exhibit C and, if such an election is made, the Grantee shall provide to the Company a copy thereof and supply to the Company such other information as the Company is required to maintain or file in accordance with the regulations promulgated thereunder.
(i)    Severability. If, for any reason, any provision of this Agreement is held invalid, such invalidity shall not affect any other provision of this Agreement not so held invalid, and each such other provision shall to the full extent consistent with law continue in full force and effect. If any provision of this Agreement shall be held invalid in part, such invalidity shall in no way affect the rest of such provision not held so invalid, and the rest of such provision, together with all other provisions of this Agreement, shall to the full extent consistent with law continue in full force and effect.

18

(j)    Governing Law. This Agreement is made under, and will be construed in accordance with, the laws of the State of Delaware, without giving effect to the principles of conflict of laws of such state.
(k)    No Obligation to Continue Position as an Employee, Consultant or Advisor. Neither the Company nor any affiliate is obligated by or as a result of this Agreement to continue to have the Grantee as an employee, consultant or advisor and this Agreement shall not interfere in any way with the right of the Company or any affiliate to terminate the Grantee’s service relationship at any time.
(l)    Notices. Any notice to be given to the Company shall be addressed to the Secretary of the Company at its principal place of business and any notice to be given the Grantee shall be addressed to the Grantee at the Grantee’s address as it appears on the employment records of the Company, or at such other address as the Company or the Grantee may hereafter designate in writing to the other.
(m)    Withholding and Taxes. No later than the date as of which an amount first becomes includible in the gross income of the Grantee for income tax purposes or subject to the Federal Insurance Contributions Act withholding with respect to this Award, the Grantee will pay to the Company or, if appropriate, any of its affiliates, or make arrangements satisfactory to the Committee regarding the payment of, any United States federal, state or local or foreign taxes of any kind required by law to be withheld with respect to such amount. The obligations of the Company under this Agreement will be conditional on such payment or arrangements, and the Company and its affiliates shall, to the extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to the Grantee.
(n)    Headings. The headings of paragraphs hereof are included solely for convenience of reference and shall not control the meaning or interpretation of any of the provisions of this Agreement.
(o)    Counterparts. This Agreement may be executed in multiple counterparts with the same effect as if each of the signing parties had signed the same document. All counterparts shall be construed together and constitute the same instrument.
(p)    Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties hereto and any successors to the Company and the Partnership, on the one hand, and any successors to the Grantee, on the other hand, by will or the laws of descent and distribution, but this Agreement shall not otherwise be assignable or otherwise subject to hypothecation by the Grantee.
(q)    409A. This Agreement shall be construed, administered and interpreted in accordance with a good faith interpretation of Section 409A of the Code. Any provision of this Agreement that is inconsistent with Section 409A of the Code, or that may result in penalties under Section 409A of the Code, shall be amended, in consultation with the Grantee and with the reasonable cooperation of the Grantee and the Company, in the least restrictive manner necessary to (i) exclude the [2018] LTIP Units (PB) from the definition of “deferred compensation” within the meaning of

19

such Section 409A or (ii) comply with the provisions of Section 409A, other applicable provision(s) of the Code and/or any rules, regulations or other regulatory guidance issued under such statutory provisions, in each case without diminution in the value of the benefits granted hereby to the Grantee.
(r)    Complete Agreement. This Agreement (together with those agreements and documents expressly referred to herein, for the purposes referred to herein) embody the complete and entire agreement and understanding between the parties with respect to the subject matter hereof, and supersede any and all prior promises, assurances, commitments, agreements, undertakings or representations, whether oral, written, electronic or otherwise, and whether express or implied, which may relate to the subject matter hereof in any way.

[signature page follows]

20


IN WITNESS WHEREOF, the undersigned have caused this Award Agreement to be executed as of the 1st day of January, [2018].
THE MACERICH COMPANY



By:        
    


THE MACERICH PARTNERSHIP, L.P.

By:
The Macerich Company,
its general partner


By:        
    


GRANTEE



    


21
        


EXHIBIT A
FORM OF LIMITED PARTNER SIGNATURE PAGE
The Grantee, desiring to become one of the within named Limited Partners of The Macerich Company, L.P., hereby accepts all of the terms and conditions of (including, without limitation, the provisions related to powers of attorney), and becomes a party to, the Agreement of Limited Partnership, dated as of March 16, 1994, of The Macerich Partnership, L.P., as amended (the “Partnership Agreement”). The Grantee agrees that this signature page may be attached to any counterpart of the Partnership Agreement and further agrees as follows (where the term “Limited Partner” refers to the Grantee:
1.    The Limited Partner hereby confirms that it has reviewed the terms of the Partnership Agreement and affirms and agrees that it is bound by each of the terms and conditions of the Partnership Agreement, including, without limitation, the provisions thereof relating to limitations and restrictions on the transfer of Partnership Units. Without limitation of the foregoing, the Limited Partner is deemed to have made all of the acknowledgements, waivers and agreements set forth in Section 10.6 and 13.11 of the Partnership Agreement.
2.    The Limited Partner hereby confirms that it is acquiring the Partnership Units for its own account as principal, for investment and not with a view to resale or distribution, and that the Partnership Units may not be transferred or otherwise disposed of by the Limited Partner otherwise than in a transaction pursuant to a registration statement filed by the Partnership (which it has no obligation to file) or that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), and all applicable state and foreign securities laws, and the General Partner may refuse to transfer any Partnership Units as to which evidence of such registration or exemption from registration satisfactory to the General Partner is not provided to it, which evidence may include the requirement of a legal opinion regarding the exemption from such registration. If the General Partner delivers to the Limited Partner shares of common stock of the General Partner (“Common Shares”) upon redemption of any Partnership Units, the Common Shares will be acquired for the Limited Partner’s own account as principal, for investment and not with a view to resale or distribution, and the Common Shares may not be transferred or otherwise disposed of by the Limited Partner otherwise than in a transaction pursuant to a registration statement filed by the General Partner with respect to such Common Shares (which it has no obligation under the Partnership Agreement to file) or that is exempt from the registration requirements of the Securities Act and all applicable state and foreign securities laws, and the General Partner may refuse to transfer any Common Shares as to which evidence of such registration or exemption from such registration satisfactory to the General Partner is not provided to it, which evidence may include the requirement of a legal opinion regarding the exemption from such registration.
3.    The Limited Partner hereby affirms that it has appointed the General Partner, any Liquidator and authorized officers and attorneys-in-fact of each, and each of those acting singly, in each case with full power of substitution, as its true and lawful agent and attorney-in-fact, with full power and authority in its name, place and stead, in accordance with Section 6.10 of the Partnership Agreement, which Section is hereby incorporated by reference. The foregoing power of attorney is hereby declared to be irrevocable and a power coupled with an interest, and it shall survive and

A-1

not be affected by the death, incompetency, dissolution, disability, incapacity, bankruptcy or termination of the Limited Partner and shall extend to the Limited Partner’s heirs, executors, administrators, legal representatives, successors and assigns.
4.    The Limited Partner hereby irrevocably consents in advance to any amendment to the Partnership Agreement, as may be recommended by the General Partner, intended to avoid the Partnership being treated as a publicly-traded partnership within the meaning of Section 7704 of the Internal Revenue Code, including, without limitation, (a) any amendment to the provisions of Section 9.1 or the Redemption Rights Exhibit of the Partnership Agreement intended to increase the waiting period between the delivery of a notice of redemption and the redemption date to up to sixty (60) days or (b) any other amendment to the Partnership Agreement intended to make the redemption and transfer provisions, with respect to certain redemptions and transfers, more similar to the provisions described in Treasury Regulations Section 1.7704 1(f).
5.    The Limited Partner hereby appoints the General Partner, any Liquidator and authorized officers and attorneys-in-fact of each, and each of those acting singly, in each case with full power of substitution, as its true and lawful agent and attorney-in-fact, with full power and authority in its name, place and stead, to execute and deliver any amendment referred to in the foregoing paragraph 4(a) on the Limited Partner’s behalf. The foregoing power of attorney is hereby declared to be irrevocable and a power coupled with an interest, and it shall survive and not be affected by the death, incompetency, dissolution, disability, incapacity, bankruptcy or termination of the Limited Partner and shall extend to the Limited Partner’s heirs, executors, administrators, legal representatives, successors and assigns.
6.    The Limited Partner agrees that it will not transfer any interest in the Partnership Units (i) through a national, non-U.S., regional, local or other securities exchange or (ii) an over-the-counter market (including an interdealer quotation system that regularly disseminates firm buy or sell quotations by identified brokers or dealers by electronic means or otherwise) or (iii) to or through (a) a person, such as a broker or dealer, that makes a market in, or regularly quotes prices for, interests in the Partnership or (b) a person that regularly makes available to the public (including customers or subscribers) bid or offer quotes with respect to any interests in the Partnership and stands ready to effect transactions at the quoted prices for itself or on behalf of others.
7.    The Limited Partner acknowledges that the General Partner shall be a third party beneficiary of the representations, covenants and agreements set forth in Sections 4 and 5 hereof. The Limited Partner agrees that it will transfer, whether by assignment or otherwise, Partnership Units only to the General Partner or to transferees that provide the Partnership and the General Partner with the representations and covenants set forth in Sections 4 and 5 hereof.
8.    This Acceptance shall be construed and enforced in accordance with and governed by the laws of the State of Delaware, without regard to the principles of conflicts of law.

A-2


Signature Line for Limited Partner:



    

Date: January 1, [2018]

Address of Limited Partner:





A-3

        


EXHIBIT B
GRANTEE’S COVENANTS, REPRESENTATIONS AND WARRANTIES
The Grantee hereby represents, warrants and covenants as follows:
(a)    The Grantee has received and had an opportunity to review the following documents (the “Background Documents”):
(i)    The Company’s latest Annual Report to Stockholders;
(ii)    The Company’s Proxy Statement for its most recent Annual Meeting of Stockholders;
(iii)    The Company’s Report on Form 10-K for the fiscal year most recently ended;
(iv)    The Company’s Form 10-Q, if any, for the most recently ended quarter filed by the Company with the Securities and Exchange Commission since the filing of the Form 10-K described in clause (iii) above;
(v)    Each of the Company’s Current Report(s) on Form 8-K, if any, filed since the end of the fiscal year most recently ended for which a Form 10-K has been filed by the Company;
(vi)    The Partnership Agreement;
(vii)    The Stock Plan; and
(viii)    The Company’s Articles of Amendment and Restatement, as amended.
The Grantee also acknowledges that any delivery of the Background Documents and other information relating to the Company and the Partnership prior to the determination by the Partnership of the suitability of the Grantee as a holder of [2018] LTIP Units (PB) shall not constitute an offer of [2018] LTIP Units (PB) until such determination of suitability shall be made.
(b)    The Grantee hereby represents and warrants that
(i)    The Grantee either (A) is an “accredited investor” as defined in Rule 501(a) under the Securities Act, or (B) by reason of the business and financial experience of the Grantee, together with the business and financial experience of those persons, if any, retained by the Grantee to represent or advise him with respect to the grant to him of [2018] LTIP Units (PB), the potential conversion of [2018] LTIP Units (PB) into units of limited partnership of the Partnership (“Common Units”) and the potential redemption of such Common Units for shares the Company’s common stock (“REIT Shares”), has such knowledge, sophistication and experience in financial and business matters and in making

B-1



investment decisions of this type that the Grantee (I) is capable of evaluating the merits and risks of an investment in the Partnership and potential investment in the Company and of making an informed investment decision, (II) is capable of protecting his own interest or has engaged representatives or advisors to assist him in protecting his interests, and (III) is capable of bearing the economic risk of such investment.
(ii)    The Grantee, after due inquiry, hereby certifies that for purposes of Rule 506(d) and Rule 506(e) of the Securities Act, he is not subject to any felony or misdemeanor conviction related to any securities matter; any federal or state order, judgment, decree or injunction related to any securities, insurance, banking or U.S. Postal Service matter; any SEC disciplinary or cease and desist order; or any suspension, expulsion or bar related to a registered national securities exchange, national or affiliated securities association or member thereof, whether it occurred or was issued before, on or after September 23, 2013, and agrees that he will notify the Company immediately upon becoming aware that the foregoing is not, or is no longer, complete and accurate in every material respect, including as a result of events occurring after the date hereof.
(iii)    The Grantee understands that (A) the Grantee is responsible for consulting his own tax advisors with respect to the application of the U.S. federal income tax laws, and the tax laws of any state, local or other taxing jurisdiction to which the Grantee is or by reason of the award of [2018] LTIP Units (PB) may become subject, to his particular situation; (B) the Grantee has not received or relied upon business or tax advice from the Company, the Partnership or any of their respective employees, agents, consultants or advisors, in their capacity as such; (C) the Grantee provides services to the Partnership on a regular basis and in such capacity has access to such information, and has such experience of and involvement in the business and operations of the Partnership, as the Grantee believes to be necessary and appropriate to make an informed decision to accept the award of [2018] LTIP Units (PB); and (D) an investment in the Partnership and/or the Company involves substantial risks. The Grantee has been given the opportunity to make a thorough investigation of matters relevant to the [2018] LTIP Units (PB) and has been furnished with, and has reviewed and understands, materials relating to the Partnership and the Company and their respective activities (including, but not limited to, the Background Documents). The Grantee has been afforded the opportunity to obtain any additional information (including any exhibits to the Background Documents) deemed necessary by the Grantee to verify the accuracy of information conveyed to the Grantee. The Grantee confirms that all documents, records, and books pertaining to his receipt of [2018] LTIP Units (PB) which were requested by the Grantee have been made available or delivered to the Grantee. The Grantee has had an opportunity to ask questions of and receive answers from the Partnership and the Company, or from a person or persons acting on their behalf, concerning the terms and conditions of the [2018] LTIP Units (PB). The Grantee has relied upon, and is making its decision solely upon, the Background Documents and other written information provided to the Grantee by the Partnership or the Company.
(iv)    The [2018] LTIP Units (PB) to be issued, the Common Units issuable upon conversion of the [2018] LTIP Units (PB) and any REIT Shares issued in connection

B-2


with the redemption of any such Common Units will be acquired for the account of the Grantee for investment only and not with a current view to, or with any intention of, a distribution or resale thereof, in whole or in part, or the grant of any participation therein, without prejudice, however, to the Grantee’s right (subject to the terms of the [2018] LTIP Units (PB), the Stock Plan, the agreement of limited partnership of the Partnership, the articles of organization of the Company, as amended, and the Award Agreement) at all times to sell or otherwise dispose of all or any part of his [2018] LTIP Units (PB), Common Units or REIT Shares in compliance with the Securities Act, and applicable state securities laws, and subject, nevertheless, to the disposition of his assets being at all times within his control.
(v)    The Grantee acknowledges that (A) neither the [2018] LTIP Units (PB) to be issued, nor the Common Units issuable upon conversion of the [2018] LTIP Units (PB), have been registered under the Securities Act or state securities laws by reason of a specific exemption or exemptions from registration under the Securities Act and applicable state securities laws and, if such [2018] LTIP Units (PB) or Common Units are represented by certificates, such certificates will bear a legend to such effect, (B) the reliance by the Partnership and the Company on such exemptions is predicated in part on the accuracy and completeness of the representations and warranties of the Grantee contained herein, (C) such [2018] LTIP Units (PB) or Common Units, therefore, cannot be resold unless registered under the Securities Act and applicable state securities laws, or unless an exemption from registration is available, (D) there is no public market for such [2018] LTIP Units (PB) and Common Units and (E) neither the Partnership nor the Company has any obligation or intention to register such [2018] LTIP Units (PB) or the Common Units issuable upon conversion of the [2018] LTIP Units (PB) under the Securities Act or any state securities laws or to take any action that would make available any exemption from the registration requirements of such laws, except, that, upon the redemption of the Common Units for REIT Shares, the Company may issue such REIT Shares under the Stock Plan and pursuant to a Registration Statement on Form S-8 under the Securities Act, to the extent that (I) the Grantee is eligible to receive such REIT Shares under the Stock Plan at the time of such issuance, (II) the Company has filed a Form S-8 Registration Statement with the Securities and Exchange Commission registering the issuance of such REIT Shares and (III) such Form S-8 is effective at the time of the issuance of such REIT Shares. The Grantee hereby acknowledges that because of the restrictions on transfer or assignment of such [2018] LTIP Units (PB) acquired hereby and the Common Units issuable upon conversion of the [2018] LTIP Units (PB) which are set forth in the Partnership Agreement or this Agreement, the Grantee may have to bear the economic risk of his ownership of the [2018] LTIP Units (PB) acquired hereby and the Common Units issuable upon conversion of the [2018] LTIP Units (PB) for an indefinite period of time.
(vi)    The Grantee has determined that the [2018] LTIP Units (PB) are a suitable investment for the Grantee.
(vii)    No representations or warranties have been made to the Grantee by the Partnership or the Company, or any officer, director, stockholder, agent, or affiliate of any of them, and the Grantee has received no information relating to an investment in the

B-3


Partnership or the [2018] LTIP Units (PB) except the information specified in paragraph (b) above.
(c)    So long as the Grantee holds any [2018] LTIP Units (PB), the Grantee shall disclose to the Partnership in writing such information as may be reasonably requested with respect to ownership of [2018] LTIP Units (PB) as the Partnership may deem reasonably necessary to ascertain and to establish compliance with provisions of the Code, applicable to the Partnership or to comply with requirements of any other appropriate taxing authority.
(d)    The Grantee hereby agrees to make an election under Section 83(b) of the Code with respect to the [2018] LTIP Units (PB) awarded hereunder, and has delivered with this Agreement a completed, executed copy of the election form attached hereto as Exhibit C. The Grantee agrees to file the election (or to permit the Partnership to file such election on the Grantee’s behalf) within thirty (30) days after the award of the [2018] LTIP Units (PB) hereunder with the IRS Service Center at which such Grantee files his personal income tax returns, and to file a copy of such election with the Grantee’s U.S. federal income tax return for the taxable year in which [2018] LTIP Units (PB) are issued or awarded to the Grantee.
(e)    The address set forth on the signature page of this Agreement is the address of the Grantee’s principal residence, and the Grantee has no present intention of becoming a resident of any country, state or jurisdiction other than the country and state in which such residence is sited.


B-4

        


EXHIBIT C
ELECTION TO INCLUDE IN GROSS INCOME IN YEAR OF
TRANSFER OF PROPERTY PURSUANT TO SECTION 83(b)
OF THE INTERNAL REVENUE CODE
The undersigned hereby makes an election pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended, Treasury Regulations Section 1.83-2 promulgated thereunder, and Rev. Proc. 2012-29, 2012-28 IRB, 06/26/2012, to include in gross income as compensation for services the excess (if any) of the fair market value of the property described below over the amount paid for such property.
1.
The name, address and taxpayer identification number of the undersigned are:
Name:        _____________________ (the “Taxpayer”)
Address:         
        
Social Security No./Taxpayer Identification No.: _____________
Taxable Year: Calendar Year [2018]
2.
Description of property with respect to which the election is being made:
The election is being made with respect to __________ [2018] LTIP Units (PB) in The Macerich Partnership, L.P. (the “Partnership”).
3.
The date on which the [2018] LTIP Units (PB) were transferred to the undersigned is ___________, [2018].
4.
Nature of restrictions to which the [2018] LTIP Units (PB) are subject:
(a)
Until the [2018] LTIP Units (PB) vest, the Taxpayer may not transfer in any manner any portion of the [2018] LTIP Units (PB) without the consent of the Partnership.
(b)
The Taxpayer’s [2018] LTIP Units (PB) vest in accordance with the vesting provisions described in the Schedule attached hereto. Unvested [2018] LTIP Units (PB) are forfeited in accordance with the vesting provisions described in the Schedule attached hereto.
5.
The fair market value at time of transfer (determined without regard to any restrictions other than a nonlapse restriction as defined in Treasury Regulations Section 1.83-3(h)) of the [2018] LTIP Units (PB) with respect to which this election is being made was $0 per [2018] LTIP Unit (PB).
6.
The amount paid by the Taxpayer for the [2018] LTIP Units (PB) was $0 per [2018] LTIP Unit (PB).
7.
The amount to include in gross income is $0.

C-1

The undersigned taxpayer will file this election with the Internal Revenue Service office with which taxpayer files his or her annual income tax return not later than 30 days after the date of transfer of the property. A copy of the election also will be furnished to the person for whom the services were performed. Additionally, the undersigned will include a copy of the election with his or her income tax return for the taxable year in which the property is transferred. The undersigned is the person performing the services in connection with which the property was transferred.

Dated: _____________________
                                            


C-2

        


SCHEDULE TO 83(b) ELECTION
Vesting Provisions of [2018] LTIP Units (PB)
The [2018] LTIP Units (PB) are subject to performance-based vesting. Performance-based vesting will be from 0-100% based on The Macerich Company’s (the “Company”) per-share total return to holders of common stock (the “Total Return”) for the period from January 1, [2018] through December 31, [2020] (or earlier in certain circumstances). The [2018] LTIP Units (PB) may vest depending on the percentile rank of the Company in terms of Total Return relative to the Total Return of a group of peer REITs (the “Peer REITs”), as measured at the end of the performance period. Vesting of the [2018] LTIP Units (PB) will occur as follows:
Percentile Rank
Award Earned (*)
At or above the 75th percentile
100%
At the 50th percentile
66-2/3%
At the 25th percentile
33-1/3%
Below the 25th percentile
0%

(*) Linear interpolation between the 25th and 75th percentiles.

The above vesting is conditioned upon the Taxpayer remaining an employee of the Company through the applicable vesting date, subject to acceleration under specified circumstances. Unvested [2018] LTIP Units (PB) are subject to forfeiture in the event of failure to vest.




    
    

        
        
        


SCHEDULE A TO [2018] LTIP UNIT AWARD AGREEMENT
(PERFORMANCE-BASED)

Date of Award Agreement:
January 1, [2018]
Name of Grantee:
 
Number of [2018] LTIP Units (PB) Subject to Grant:
 
Grant Date:
January 1, [2018]

Initials of Company representative: _________
Initials of Grantee: _________





















    


 EX-10.22.9 4 mac-2017x1231x10kxex10229.htm EXHIBIT 10.22.9 Exhibit

Exhibit 10.22.9
THE MACERICH COMPANY
[2018] LTIP UNIT AWARD AGREEMENT
(SERVICE-BASED)

[2018] LTIP UNIT AWARD AGREEMENT (Service-Based) made as of the date set forth on Schedule A hereto between The Macerich Company, a Maryland corporation (the “Company”), its subsidiary The Macerich Partnership, L.P., a Delaware limited partnership and the entity through which the Company conducts substantially all of its operations (the “Partnership”), and the party listed on Schedule A (the “Grantee”).
RECITALS
A.    The Grantee is a key employee of the Company or one of its Subsidiaries or affiliates and provides services to the Partnership.
B.    Pursuant to its Long-Term Incentive Plan (“LTIP”) the Company can award units of limited partnership interest of the Partnership designated as “LTIP Units” in the Partnership Agreement (as defined herein) under The Macerich Company 2003 Equity Incentive Plan, as amended (the “2003 Plan”), to provide certain key employees of the Company or its Subsidiaries and affiliates, including the Grantee, in connection with their employment with the long-term incentive compensation described in this Award Agreement (this “Agreement” or “Award Agreement”), and thereby provide additional incentive for them to promote the progress and success of the business of the Company and its Subsidiaries and affiliates, including the Partnership, while increasing the total return to the Company’s stockholders. [2018] LTIP Units (SB) (as defined herein) have been awarded by the Compensation Committee (the “Committee”) of the Board of Directors of the Company (the “Board”) pursuant to authority delegated to it by the Board as set forth in the Committee’s charter, including authority to make grants of equity interests in the Partnership which may, under certain circumstances, become exchangeable for shares of the Company’s Common Stock reserved for issuance under the 2003 Plan, or any successor equity plan (as any such plan may be amended, modified or supplemented from time to time, collectively the “Stock Plan”). This Agreement evidences an award to the Grantee under the LTIP (this “Award”), which is subject to the terms and conditions set forth herein.
C.    The Grantee was selected by the Committee to receive this Award as one of a select group of highly compensated or management employees who, through the effective execution of their assigned duties and responsibilities, are in a position to have a direct and measurable impact on the Company’s long-term financial results. Effective as of the grant date specified in Schedule A hereto, the Committee awarded to the Grantee the number of [2018] LTIP Units (SB) (as defined herein) set forth in Schedule A.
NOW, THEREFORE, the Company, the Partnership and the Grantee agree as follows:
1.Administration. The LTIP and all awards thereunder, including this Award, shall be administered by the Committee, which in the administration of the LTIP shall have all the powers

        

and authority it has in the administration of the Stock Plan, as set forth in the Stock Plan. The Committee may from time to time adopt any rules or procedures it deems necessary or desirable for the proper and efficient administration of the LTIP, consistent with the terms hereof and of the Stock Plan. The Committee’s determinations and interpretations with respect to the LTIP and this Agreement shall be final and binding on all parties.
2.Definitions. Capitalized terms used herein without definitions shall have the meanings given to those terms in the Stock Plan. In addition, as used herein:
“Award [2018] LTIP Units (SB)” has the meaning set forth in Section 3(a).
“Cause” for termination of the Grantee’s employment means that the Company, acting in good faith based upon the information then known to the Company, determines that the Grantee has:
(a)    failed to perform in a material respect without proper cause his obligations under the Grantee’s Service Agreement (if one exists);
(b)    been convicted of or pled guilty or nolo contendere to a felony; or
(c)    committed an act of fraud, dishonesty or gross misconduct which is materially injurious to the Company.
Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Applicable Board (as defined below) or upon the instructions of the Chief Executive Officer of the Company or based upon the advice of counsel or independent accountants for the Company shall be conclusively presumed for purposes of this Agreement to be done, or omitted to be done, by the Grantee in good faith and in the best interests of the Company. The cessation of employment of the Grantee shall not be deemed to be for Cause under clause (a) or (c) above unless and until there shall have been delivered to the Grantee a copy of a resolution duly adopted by the affirmative vote of at least a majority of the entire membership of the Applicable Board (excluding the Grantee and any relative of the Grantee, if the Grantee or such relative is a member of the Applicable Board) at a meeting of the Applicable Board called and held for such purpose (after reasonable notice is provided to the Grantee and the Grantee is given an opportunity, together with counsel for the Grantee, to be heard before the Applicable Board), finding that, in the good faith opinion of the Applicable Board, the Grantee is guilty of the conduct described in clause (a) or (c) above, and specifying the particulars thereof in reasonable detail. For purposes of the definition of Cause, “Applicable Board” means the Board or, if the Company is not the ultimate parent corporation of the Company and its Affiliates and is not publicly-traded, the board of directors of the ultimate parent of the Company.

2

“Change in Control Severance Pay Plan” means The Macerich Company Change in Control Severance Pay Plan For Senior Executives, as may be amended or modified from time to time.
“Change of Control” means any of the following:
(a)    The acquisition by any Person of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 33% or more of either (A) the then-outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”) or (B) the combined voting power of the then-outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that, for purposes of this definition, the following acquisitions shall not constitute a Change of Control: (i) any acquisition directly from the Company, (ii) any acquisition by the Company, (iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any affiliate of the Company or successor or (iv) any acquisition by any entity pursuant to a transaction that complies with (c)(i), (c)(ii) and (c)(iii) below;
(b)    Individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company’s stockholders, was approved by a vote of at least two-thirds of the directors then comprising the Incumbent Board (including for these purposes, the new members whose election or nomination was so approved, without counting the member and his predecessor twice) shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board;
(c)    Consummation of a reorganization, merger, statutory share exchange or consolidation or similar corporate transaction involving the Company or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of the Company, or the acquisition of assets or stock of another entity by the Company or any of its subsidiaries (each, a “Business Combination”), in each case unless, following such Business Combination, (i) all or substantially all of the individuals and entities that were the beneficial owners of the Outstanding Company Common Stock and the Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 60% of the then-outstanding shares of common stock and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the entity resulting from such Business Combination (including, without limitation, an entity that, as a result of such transaction, owns the Company or all or substantially all of the Company’s assets directly or through one or more subsidiaries (“Parent”)) in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Company Common Stock and the Outstanding Company Voting Securities, as the case may be, (ii) no Person (excluding any entity resulting from such Business Combination or a Parent or any employee benefit plan (or related trust) of the Company or such entity resulting from such Business Combination or Parent)

3

beneficially owns, directly or indirectly, 20% or more of, respectively, the then-outstanding shares of common stock of the entity resulting from such Business Combination or the combined voting power of the then-outstanding voting securities of such entity, except to the extent that the ownership in excess of 20% existed prior to the Business Combination, and (iii) at least a majority of the members of the board of directors or trustees of the entity resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement or of the action of the Board providing for such Business Combination; or
(d)    Approval by the stockholders of the Company of a complete liquidation or dissolution of the Company.
“Code” means the Internal Revenue Code of 1986, as amended.
“Common Stock” means shares of the Company’s common stock, par value $0.01 per share, either currently existing or authorized hereafter.
“Competitive Activities” means that the Grantee, directly or indirectly, whether as owner, partner, shareholder, consultant, agent, employee, co-venturer or otherwise, engages, participates, assists or invests in any Competing Business (as hereinafter defined). The term “Competing Business” shall mean a publicly-traded real estate investment trust that is identified by the National Association of Real Estate Investment Trusts as a “mall REIT” (other than the surviving or resulting entity upon a Change of Control or any of its affiliates). Notwithstanding the foregoing, the Grantee may own equity securities of an entity which constitutes or is affiliated with a Competing Business, so long at their value does not exceed two percent (2%) of the aggregate equity market capitalization of the Competing Business.
“Continuous Service” means the continuous service to the Company or any Subsidiary or affiliate, without interruption or termination, in any capacity of employee, or, with the written consent of the Committee, consultant. Continuous Service shall not be considered interrupted in the case of (A) any approved leave of absence, (B) transfers among the Company and any Subsidiary or affiliate, or any successor, in any capacity of employee, or with the written consent of the Committee, consultant, or (C) any change in status as long as the individual remains in the service of the Company and any Subsidiary or affiliate in any capacity of employee, member of the Board or (if the Company specifically agrees in writing that the Continuous Service is not uninterrupted) a consultant. An approved leave of absence shall include sick leave, military leave, or any other authorized personal leave.
“Disability” means (1) a “permanent and total disability” within the meaning of Section 22(e)(3) of the Code, or (2) the absence of the Grantee from his duties with the Company on a full-time basis for a period of nine months as a result of incapacity due to mental or physical illness which is determined to be total and permanent by a physician selected by the Company or its insurers and acceptable to the Grantee or his legal representative (such agreements as to acceptability not to be unreasonably withheld). “Incapacity” as used herein shall be limited only to a condition that substantially prevents the Grantee from performing his or her duties.
“Effective Date” means January 1, [2018].

4

“Exchange Act” means the Securities Exchange Act of 1934, as amended.
“Good Reason” means an action taken by the Company, without the Grantee’s written consent thereto, resulting in a material negative change in the employment relationship. For these purposes, a “material negative change in the employment relationship” shall include, without limitation, any one or more of the following reasons, to the extent not remedied by the Company within 30 days after receipt by the Company of written notice from the Grantee provided to the Company within 90 days (the “Cure Period”) of the Grantee’s knowledge of the occurrence of an event or circumstance set forth in clauses (a) through (e) below specifying in reasonable detail such occurrence:
(a)    the assignment to the Grantee of any duties materially inconsistent in any respect with the Grantee’s position (including status, offices, titles and reporting requirements), authority, duties or responsibilities, or any other material diminution in such position, authority, duties or responsibilities (whether or not occurring solely as a result of the Company’s ceasing to be a publicly traded entity);
(b)    a change in the Grantee’s principal office location to a location further away from the Grantee’s home which is more than 30 miles from the Grantee’s current principal office;
(c)    the taking of any action by the Company to eliminate benefit plans in which the Grantee participated in or was eligible to participate in immediately prior to a Change of Control without providing substitutes therefor, to materially reduce benefits thereunder or to substantially diminish the aggregate value of the incentive awards or other fringe benefits; provided that if neither a surviving entity nor its parent following a Change of Control is a publicly-held company, the failure to provide stock-based benefits shall not be deemed good reason if benefits of comparable value using recognized valuation methodology are substituted therefor; and provided further that a reduction or elimination in the aggregate of not more than 10% in aggregate benefits in connection with across the board reductions or modifications affecting similarly situated persons of executive rank in the Company or a combined organization shall not constitute Good Reason;
(d)    any one or more reductions in the Grantee’s Base Salary that, individually or in the aggregate, exceed 10% of the Grantee’s Base Salary; or
(e)    any material breach by the Company of the Grantee’s Service Agreement (if one exists).
In the event that the Company fails to remedy the condition constituting Good Reason during the applicable Cure Period, the Grantee’s “separation from service” (within the meaning of Section 409A of the Code) must occur, if at all, within two years following the occurrence of such condition in order for such termination as a result of such condition to constitute a termination for Good Reason. If the Grantee suffers a Disability or dies following the occurrence of any of the events described in clauses (a) through (e) above and the Grantee has given the Company the requisite written notice but the Company has failed to remedy the situation prior to such physical or mental incapacity or death, the Grantee’s physical or mental incapacity or death shall not affect the ability of the Grantee or his heirs or beneficiaries, as applicable, to treat the Grantee’s termination

5

of employment as a termination for Good Reason. For purposes of the definition of Good Reason, the term “Base Salary” means the annual base rate of compensation payable to Grantee by the Company as of the Grantee’s date of termination, before deductions or voluntary deferrals authorized by the Grantee or required by law to be withheld from the Grantee by the Company. Salary excludes all other extra pay such as overtime, pensions, severance payments, bonuses, stock incentives, living or other allowances, and other perquisites.
“[2018] LTIP Units (SB)” means units of limited partnership interest of the Partnership designated as “LTIP Units” in the Partnership Agreement awarded pursuant to this Agreement under the LTIP having the rights, voting powers, restrictions, limitations as to distributions, qualifications and terms and conditions of redemption set forth in the Partnership Agreement.
“Partnership Agreement” means the Amended and Restated Limited Partnership Agreement of the Partnership, dated as of March 16, 1994, among the Company, as general partner, and the limited partners who are parties thereto, as amended from time to time.
“Person” means an individual, corporation, partnership, limited liability company, joint venture, association, trust, unincorporated organization, other entity or “group” (as defined in the Exchange Act).
“Qualified Termination” means a termination of the Grantee’s employment (A) by the Company for no reason, or for any reason other than for Cause, death or Disability, (B) by the Grantee for Good Reason or (C) upon the Grantee’s Retirement.
“Retirement” means: (A) if the Grantee is a party to a Service Agreement immediately prior to such event, and “Retirement” is defined therein, then “Retirement” shall have the meaning set forth in such Service Agreement, or (B) if the Grantee is not party to a Service Agreement immediately prior to such event and/or the Grantee’s Service Agreement does not define “Retirement,” then “Retirement” shall mean the Grantee’s termination of employment with the Company and its Subsidiaries after attainment of age 55 and completion of five (5) years of employment with the Company and/or a Subsidiary, provided that following Retirement the Grantee does not engage in Competitive Activities during the balance of the Performance Period; provided, however, that if the Grantee would be eligible for Retirement pursuant to clause (B) as of the date of this Agreement, the Grantee will not be entitled to the benefits provided in this Agreement in the event of Retirement until the first anniversary of the date of this Agreement.
“Service Agreement” means, as of a particular date, any employment, consulting or similar service agreement, including, without limitation, management continuity agreement, then in effect between the Grantee, on the one hand, and the Company or one of its affiliates, on the other hand, as amended or supplemented through such date.
“Units” means Partnership Units (as defined in the Partnership Agreement) that are outstanding or are issuable upon the conversion, exercise, exchange or redemption of any securities of any kind convertible, exercisable, exchangeable or redeemable for Partnership Units.
“Vesting Date” means each of the vesting dates set forth in Section 4.

6

“Vesting Schedule” means the vesting schedule set forth in Section 4.
3.Award of [2018] LTIP Units (SB).
(a)    On the terms and conditions set forth in this Agreement, as well as the terms and conditions of the Stock Plan, the Grantee is hereby granted this Award consisting of the number of [2018] LTIP Units (SB) set forth on Schedule A hereto, which is incorporated herein by reference (the “Award [2018] LTIP Units (SB)”).
(b)    Award [2018] LTIP Units (SB) shall constitute and be treated as the property of the Grantee as of the applicable grant date, subject to the terms of this Agreement and the Partnership Agreement. Every grant of Award [2018] LTIP Units (SB) to the Grantee pursuant to this Award shall be set forth in minutes of the meetings of the Committee. Award [2018] LTIP Units (SB) will be: (A) subject to vesting and/or forfeiture to the extent provided in Section 4 and Section 5 hereof; and (B) subject to restrictions on transfer as provided in Section 8 hereof.
4.    Vesting of Award [2018] LTIP Units (SB).
(a)    Except as otherwise provided in Section 5 hereof and/or the Stock Plan, the Award [2018] LTIP Units (SB) shall become vested in the amounts provided in Schedule A hereto, provided that the Continuous Service of the Grantee continues through and on the relevant Vesting Date.
(b)    The Grantee agrees to provide Continuous Service to the Company in consideration for the conditional rights to the unvested Award [2018] LTIP Units (SB). Except as otherwise provided in Section 5 or pursuant to the Stock Plan, the Vesting Schedule provided in Schedule A hereto requires Continuous Service through each applicable Vesting Date as a condition to the vesting of the applicable installment and rights and benefits under this Agreement. Partial service, even if substantial, during any vesting period will not entitle the Grantee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or service as provided in Section 5 below or under the Stock Plan.
5.    Change of Control or Termination of Grantee’s Service Relationship.
(a)    If the Grantee is a party to a Service Agreement, the provisions of this Section 5 shall govern the vesting of the Grantee’s Award [2018] LTIP Units (SB) exclusively in the event of a Change of Control or termination of the Grantee’s service relationship with the Company or any Subsidiary or affiliate, unless the Service Agreement contains provisions that expressly refer to this Section 5 and provides that those provisions of the Service Agreement shall instead govern the vesting of the Grantee’s Award [2018] LTIP Units (SB). The foregoing sentence will be deemed an amendment to any applicable Service Agreement to the extent required to apply its terms consistently with this Section 5. In the event an entity ceases to be a Subsidiary or affiliate of the Company, such action shall be deemed to be a termination of employment of all employees of that entity for purposes of this Agreement, provided that the Committee, in its sole and absolute discretion, may make provision in such circumstances for accelerated vesting of some or all of the

7

Grantee’s remaining unvested Award [2018] LTIP Units (SB) that have not previously been forfeited effective immediately prior to such event.
(b)    In the event of a Change of Control prior to December 31, 2020, then:
(i)    if the Award [2018] LTIP Units (SB) remain outstanding after a Change of Control or equivalent replacement awards (as defined in Section 5(b)(iii) hereof) are substituted for the Award [2018] LTIP Units (SB) at the time of the Change of Control, then unvested Award [2018] LTIP Units (SB) shall remain subject to vesting tied to the Grantee’s Continuous Service until December 31, 2020 as if no Change of Control had occurred, except that the Grantee shall become fully vested in such Award [2018] LTIP Units (SB) immediately (A) upon the Grantee’s Qualified Termination in connection with or within twenty-four (24) months after the Change of Control, or (B) upon the Grantee’s death, Disability or Retirement;
(ii)    if neither the Award [2018] LTIP Units (SB) remain outstanding after a Change of Control nor equivalent replacement awards (as defined in Section 5(b)(iii) hereof) are substituted for the Award [2018] LTIP Units (SB) at the time of the Change of Control, then the Grantee shall become fully vested in all unvested Award [2018] LTIP Units (SB) as of the date of the Change of Control; and
(iii)    an award shall qualify as an “equivalent replacement award” if the following conditions are met in the good faith discretion of the Committee:
(A)
the replacement award is of the same type as the Award [2018] LTIP Units (SB) being replaced, including, without limitation, income tax attributes relating to the extent and timing of recognition of taxable income, gain or loss by the Grantee;
(B)
the replacement award has a value equal to the Fair Market Value of the Award [2018] LTIP Units (SB) being replaced as of the effective date of the Change of Control;
(C)
the equity securities issuable upon the conversion, exercise, exchange or redemption of the replacement award, or securities underlying the replacement award, as applicable, are listed on a national stock exchange;
(D)
the replacement award contains terms relating to vesting (including with respect to the Grantee’s Qualified Termination, death, Disability or Retirement) that are substantially identical to those of the Award [2018] LTIP Units (SB); and
(E)
the other terms and conditions of the replacement award are not less favorable to the Grantee than the terms and conditions of the Award [2018] LTIP Units (SB).

8

(c)    In the event of a termination of Grantee’s employment as a result of the Grantee’s death or Disability, the unvested Award [2018] LTIP Units (SB) subject to this Agreement that have not been previously forfeited shall automatically and immediately vest as of the date of the Grantee’s death or Disability (or effective immediately prior to such event to the extent necessary in order to enable the realization of the benefits of such acceleration), subject to the provisions of Sections 6.4 and 6.5 of the Stock Plan.
(d)    In the event of a Qualified Termination, then any portion of the Award [2018] LTIP Units (SB) that has not then vested shall continue to vest in accordance with the Vesting Schedule, subject to the provisions of Sections 6.4 and 6.5 of the Stock Plan.
(e)    Notwithstanding the foregoing, in the event vesting pursuant to this Section 5 is determined to constitute “nonqualified deferred compensation” subject to Section 409A of the Code, then, to the extent the Grantee is a “specified employee” under Section 409A of the Code subject to the six-month delay thereunder, any such vesting or related payments to be made during the six-month period commencing on the Grantee's “separation from service” (as defined in Section 409A of the Code) shall be delayed until the expiration of such six-month period.
(f)    In the event of a termination of employment or other cessation of the Grantee’s Continuous Service other than following a Change of Control as provided in Section 5(b) hereof, a Qualified Termination, or as a result of Grantee’s death or Disability, effective as of the date of such termination or cessation, all Award [2018] LTIP Units (SB) except for those that had previously become vested pursuant to Section 4 hereof, Section 5(a) through (d) above and Schedule A hereto shall automatically and immediately be forfeited by the Grantee. Any forfeited Award [2018] LTIP Units (SB) shall, without payment of any consideration by the Partnership, automatically and without notice be and become null and void, and neither the Grantee nor any of his successors, heirs, assigns, or personal representatives will thereafter have any further rights or interests in such forfeited Award [2018] LTIP Units (SB).
6.    Payments by Award Recipients. No amount shall be payable to the Company or the Partnership by the Grantee at any time in respect of this Award.
7.    Distributions. Distributions on Award [2018] LTIP Units (SB) will be paid in accordance with the Partnership Agreement as modified hereby as follows:
(a)    The LTIP Unit Distribution Participation Date (as defined in the Partnership Agreement) with respect to the Award [2018] LTIP Units (SB) shall be the Effective Date and the Award [2018] LTIP Units (SB) shall be entitled to the full distribution payable on Units outstanding as of the record date for the quarterly distribution in which the Effective Date falls even though the Award [2018] LTIP Units (SB) will not have been outstanding for the whole quarterly period. All distributions paid with respect to Award [2018] LTIP Units (SB) shall be fully vested and non-forfeitable when paid whether the underlying Award [2018] LTIP Units (SB) are vested or unvested.
(b)    To the extent that the Partnership makes distributions to holders of Units partially in cash and partially in additional Units or other securities, unless the Committee in its sole discretion determines to allow the Grantee to make a different election, the Grantee shall be

9

deemed to have elected with respect to all Award [2018] LTIP Units (SB) eligible to receive such distribution to receive 10% of such distribution in cash and 90% in Units.
8.    Restrictions on Transfer. None of the Award [2018] LTIP Units (SB) shall be sold, assigned, transferred, pledged or otherwise disposed of or encumbered (whether voluntarily or involuntarily or by judgment, levy, attachment, garnishment or other legal or equitable proceeding) (each such action a “Transfer”), or redeemed in accordance with the Partnership Agreement (a) prior to vesting, and (b) unless such Transfer is in compliance with all applicable securities laws (including, without limitation, the Securities Act of 1933, as amended (the “Securities Act”)), and the applicable terms and conditions of the Partnership Agreement; and provided, further, that the Transferee agrees in writing with the Company and the Partnership not to make any further Transfer of such vested Award [2018] LTIP Units (SB) or Award [2018] LTIP Units (SB) that have been converted into Units (“Converted LTIP Units”) other than as permitted by this Section 8. In connection with any Transfer of Award [2018] LTIP Units (SB) or Converted LTIP Units, the Partnership may require the Grantee to provide an opinion of counsel, satisfactory to the Partnership, that such Transfer is in compliance with all federal and state securities laws (including, without limitation, the Securities Act). Any attempted Transfer of Award [2018] LTIP Units (SB) not in accordance with the terms and conditions of this Section 8 shall be null and void, and the Partnership shall not reflect on its records any change in record ownership of any Award [2018] LTIP Units (SB) as a result of any such Transfer, shall otherwise refuse to recognize any such Transfer and shall not in any way give effect to any such Transfer of any Award [2018] LTIP Units (SB). The restrictions on Transfer in this Section 8 shall not be interpreted to prohibit the Grantee from designating one or more beneficiaries to receive the Grantee’s LTIP Units or Converted LTIP Units that are payable in the event of the Grantee’s death. Any such beneficiary designation shall be on a form provided or approved by the Company.
9.    Changes in Capital Structure. Without duplication with the provisions of Section 6.2 of the Stock Plan, if (a) the Company shall at any time be involved in a merger, consolidation, dissolution, liquidation, reorganization, exchange of shares, sale of all or substantially all of the assets or stock of the Company, spin-off of a Subsidiary, business unit or significant portion of assets or other fundamental transaction similar thereto, (b) any stock dividend, stock split, reverse stock split, stock combination, reclassification, recapitalization, significant repurchases of stock, or other similar change in the capital structure of the Company shall occur, (c) any extraordinary dividend or other distribution to holders of shares of Common Stock or Units other than regular cash dividends shall be made, or (d) any other event shall occur that in each case in the good faith judgment of the Committee necessitates action by way of appropriate equitable adjustment in the terms of this Award, the LTIP or the Award [2018] LTIP Units (SB), then the Committee shall take such action as it deems necessary to maintain the Grantee’s rights hereunder so that they are substantially proportionate to the rights existing under this Award, the LTIP and the terms of the Award [2018] LTIP Units (SB) prior to such event, including, without limitation: (i) adjustments in the Award [2018] LTIP Units (SB) or other pertinent terms of this Award; and (ii) substitution of other awards under the Stock Plan or otherwise. The Grantee shall have the right to vote the Award [2018] LTIP Units (SB) if and when voting is allowed under the Partnership Agreement, regardless of whether vesting has occurred.

10

10.    Miscellaneous.
(a)    Amendments; Modifications. This Agreement may be amended or modified only with the consent of the Company and the Partnership; provided that any such amendment or modification materially and adversely affecting the rights of the Grantee hereunder must be consented to by the Grantee to be effective as against him; and provided, further, that the Grantee acknowledges that the Stock Plan may be amended or discontinued in accordance with Section 6.6 thereof and that this Agreement may be amended or canceled by the Committee, on behalf of the Company and the Partnership, for the purpose of satisfying changes in law or for any other lawful purpose, so long as no such action shall impair the Grantee’s rights under this Agreement without the Grantee’s written consent. Notwithstanding the foregoing, this Agreement may be amended in writing signed only by the Company to correct any errors or ambiguities in this Agreement and/or to make such changes that do not materially adversely affect the Grantee’s rights hereunder. No promises, assurances, commitments, agreements, undertakings or representations, whether oral, written, electronic or otherwise, and whether express or implied, with respect to the subject matter hereof, have been made by the parties which are not set forth expressly in this Agreement. This grant shall in no way affect the Grantee’s participation or benefits under any other plan or benefit program maintained or provided by the Company.
(b)    Incorporation of Stock Plan and Change in Control Severance Pay Plan; Committee Determinations. The provisions of the Stock Plan and the Change in Control Severance Pay Plan are hereby incorporated by reference as if set forth herein. In the event of a conflict between this Agreement and the Stock Plan, this Agreement shall be controlling and determinative. The Committee will make the determinations and certifications required by this Award as promptly as reasonably practicable following the occurrence of the event or events necessitating such determinations or certifications.
(c)    Status as a Partner. As of the grant date set forth on Schedule A, the Grantee shall be admitted as a partner of the Partnership with beneficial ownership of the number of Award [2018] LTIP Units (SB) issued to the Grantee as of such date pursuant to Section 3(a) hereof by: (A) signing and delivering to the Partnership a copy of this Agreement; and (B) signing, as a Limited Partner, and delivering to the Partnership a counterpart signature page to the Partnership Agreement (attached hereto as Exhibit A).
(d)    Status of Award [2018] LTIP Units (SB) under the Stock Plan. Insofar as the LTIP has been established as an incentive program of the Company and the Partnership, the Award [2018] LTIP Units (SB) are both issued as equity securities of the Partnership and granted as awards under the Stock Plan. The Company will have the right at its option, as set forth in the Partnership Agreement, to issue shares of Common Stock in exchange for Units into which Award [2018] LTIP Units (SB) may have been converted pursuant to the Partnership Agreement, subject to certain limitations set forth in the Partnership Agreement, and such shares of Common Stock, if issued, will be issued under the Stock Plan. The Grantee must be eligible to receive the Award [2018] LTIP Units (SB) in compliance with applicable federal and state securities laws and to that effect is required to complete, execute and deliver certain covenants, representations and warranties (attached

11

as Exhibit B). The Grantee acknowledges that the Grantee will have no right to approve or disapprove such determination by the Committee.
(e)    Legend. The records of the Partnership evidencing the Award [2018] LTIP Units (SB) shall bear an appropriate legend, as determined by the Partnership in its sole discretion, to the effect that such Award [2018] LTIP Units (SB) are subject to restrictions as set forth herein, in the Stock Plan and in the Partnership Agreement.
(f)    Compliance With Securities Laws. The Partnership and the Grantee will make reasonable efforts to comply with all applicable securities laws. In addition, notwithstanding any provision of this Agreement to the contrary, no Award [2018] LTIP Units (SB) will become vested or be issued at a time that such vesting or issuance would result in a violation of any such laws.
(g)    Investment Representations; Registration. The Grantee hereby makes the covenants, representations and warranties set forth on Exhibit B attached hereto. All of such covenants, warranties and representations shall survive the execution and delivery of this Agreement by the Grantee. The Partnership will have no obligation to register under the Securities Act any Award [2018] LTIP Units (SB) or any other securities issued pursuant to this Agreement or upon conversion or exchange of Award [2018] LTIP Units (SB). The Grantee agrees that any resale of the shares of Common Stock received upon the exchange of Units into which Award [2018] LTIP Units (SB) may be converted shall not occur during the “blackout periods” forbidding sales of Company securities, as set forth in the then applicable Company employee manual or insider trading policy. In addition, any resale shall be made in compliance with the registration requirements of the Securities Act or an applicable exemption therefrom, including, without limitation, the exemption provided by Rule 144 promulgated thereunder (or any successor rule).
(h)    Section 83(b) Election. In connection with the issuance of Award [2018] LTIP Units (SB) under this Award pursuant to Section 3 hereof the Grantee may (but is not required to) make an election to include in gross income in the year of transfer the applicable Award [2018] LTIP Units (SB) pursuant to Section 83(b) of the Code substantially in the form attached hereto as Exhibit C and, if such an election is made, the Grantee shall provide to the Company a copy thereof and supply to the Company such other information as the Company is required to maintain or file in accordance with the regulations promulgated thereunder.
(i)    Severability. If, for any reason, any provision of this Agreement is held invalid, such invalidity shall not affect any other provision of this Agreement not so held invalid, and each such other provision shall to the full extent consistent with law continue in full force and effect. If any provision of this Agreement shall be held invalid in part, such invalidity shall in no way affect the rest of such provision not held so invalid, and the rest of such provision, together with all other provisions of this Agreement, shall to the full extent consistent with law continue in full force and effect.
(j)    Governing Law. This Agreement is made under, and will be construed in accordance with, the laws of the State of Delaware, without giving effect to the principles of conflict of laws of such state.

12

(k)    No Obligation to Continue Position as an Employee, Consultant or Advisor. Neither the Company nor any affiliate is obligated by or as a result of this Agreement to continue to have the Grantee as an employee, consultant or advisor and this Agreement shall not interfere in any way with the right of the Company or any affiliate to terminate the Grantee’s service relationship at any time.
(l)    Notices. Any notice to be given to the Company shall be addressed to the Secretary of the Company at its principal place of business and any notice to be given the Grantee shall be addressed to the Grantee at the Grantee’s address as it appears on the employment records of the Company, or at such other address as the Company or the Grantee may hereafter designate in writing to the other.
(m)    Withholding and Taxes. No later than the date as of which an amount first becomes includible in the gross income of the Grantee for income tax purposes or subject to the Federal Insurance Contributions Act withholding with respect to this Award, the Grantee will pay to the Company or, if appropriate, any of its affiliates, or make arrangements satisfactory to the Committee regarding the payment of, any United States federal, state or local or foreign taxes of any kind required by law to be withheld with respect to such amount. The obligations of the Company under this Agreement will be conditional on such payment or arrangements, and the Company and its affiliates shall, to the extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to the Grantee.
(n)    Headings. The headings of paragraphs hereof are included solely for convenience of reference and shall not control the meaning or interpretation of any of the provisions of this Agreement.
(o)    Counterparts. This Agreement may be executed in multiple counterparts with the same effect as if each of the signing parties had signed the same document. All counterparts shall be construed together and constitute the same instrument.
(p)    Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties hereto and any successors to the Company and the Partnership, on the one hand, and any successors to the Grantee, on the other hand, by will or the laws of descent and distribution, but this Agreement shall not otherwise be assignable or otherwise subject to hypothecation by the Grantee.
(q)    409A. This Agreement shall be construed, administered and interpreted in accordance with a good faith interpretation of Section 409A of the Code. Any provision of this Agreement that is inconsistent with Section 409A of the Code, or that may result in penalties under Section 409A of the Code, shall be amended, in consultation with the Grantee and with the reasonable cooperation of the Grantee and the Company, in the least restrictive manner necessary to (i) exclude the Award [2018] LTIP Units (SB) from the definition of “deferred compensation” within the meaning of such Section 409A or (ii) comply with the provisions of Section 409A, other applicable provision(s) of the Code and/or any rules, regulations or other regulatory guidance issued under such statutory provisions, in each case without diminution in the value of the benefits granted hereby to the Grantee.

13

(r)    Complete Agreement. This Agreement (together with those agreements and documents expressly referred to herein, for the purposes referred to herein) embody the complete and entire agreement and understanding between the parties with respect to the subject matter hereof, and supersede any and all prior promises, assurances, commitments, agreements, undertakings or representations, whether oral, written, electronic or otherwise, and whether express or implied, which may relate to the subject matter hereof in any way.
[signature page follows]

14


IN WITNESS WHEREOF, the undersigned have caused this Award Agreement to be executed as of the 1st day of January, [2018].
THE MACERICH COMPANY



By:        
    


THE MACERICH PARTNERSHIP, L.P.

By:
The Macerich Company,
its general partner


By:        
    


GRANTEE



    



15


EXHIBIT A
FORM OF LIMITED PARTNER SIGNATURE PAGE
The Grantee, desiring to become one of the within named Limited Partners of The Macerich Company, L.P., hereby accepts all of the terms and conditions of (including, without limitation, the provisions related to powers of attorney), and becomes a party to, the Agreement of Limited Partnership, dated as of March 16, 1994, of The Macerich Partnership, L.P., as amended (the “Partnership Agreement”). The Grantee agrees that this signature page may be attached to any counterpart of the Partnership Agreement and further agrees as follows (where the term “Limited Partner” refers to the Grantee:
1.    The Limited Partner hereby confirms that it has reviewed the terms of the Partnership Agreement and affirms and agrees that it is bound by each of the terms and conditions of the Partnership Agreement, including, without limitation, the provisions thereof relating to limitations and restrictions on the transfer of Partnership Units. Without limitation of the foregoing, the Limited Partner is deemed to have made all of the acknowledgements, waivers and agreements set forth in Sections 10.6 and 13.11 of the Partnership Agreement.
2.    The Limited Partner hereby confirms that it is acquiring the Partnership Units for its own account as principal, for investment and not with a view to resale or distribution, and that the Partnership Units may not be transferred or otherwise disposed of by the Limited Partner otherwise than in a transaction pursuant to a registration statement filed by the Partnership (which it has no obligation to file) or that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), and all applicable state and foreign securities laws, and the General Partner may refuse to transfer any Partnership Units as to which evidence of such registration or exemption from registration satisfactory to the General Partner is not provided to it, which evidence may include the requirement of a legal opinion regarding the exemption from such registration. If the General Partner delivers to the Limited Partner shares of common stock of the General Partner (“Common Shares”) upon redemption of any Partnership Units, the Common Shares will be acquired for the Limited Partner’s own account as principal, for investment and not with a view to resale or distribution, and the Common Shares may not be transferred or otherwise disposed of by the Limited Partner otherwise than in a transaction pursuant to a registration statement filed by the General Partner with respect to such Common Shares (which it has no obligation under the Partnership Agreement to file) or that is exempt from the registration requirements of the Securities Act and all applicable state and foreign securities laws, and the General Partner may refuse to transfer any Common Shares as to which evidence of such registration or exemption from such registration satisfactory to the General Partner is not provided to it, which evidence may include the requirement of a legal opinion regarding the exemption from such registration.
3.    The Limited Partner hereby affirms that it has appointed the General Partner, any liquidator and authorized officers and attorneys-in-fact of each, and each of those acting singly, in each case with full power of substitution, as its true and lawful agent and attorney-in-fact, with full power and authority in its name, place and stead, in accordance with Section 6.10 of the Partnership Agreement, which section is hereby incorporated by reference. The foregoing power of attorney is hereby declared to be irrevocable and a power coupled with an interest, and it shall survive and

A-1
        



not be affected by the death, incompetency, dissolution, disability, incapacity, bankruptcy or termination of the Limited Partner and shall extend to the Limited Partner’s heirs, executors, administrators, legal representatives, successors and assigns.
4.    The Limited Partner hereby irrevocably consents in advance to any amendment to the Partnership Agreement, as may be recommended by the General Partner, intended to avoid the Partnership being treated as a publicly-traded partnership within the meaning of Section 7704 of the Internal Revenue Code, including, without limitation, (a) any amendment to the provisions of Section 9.1 or the Redemption Rights Exhibit of the Partnership Agreement intended to increase the waiting period between the delivery of a notice of redemption and the redemption date to up to sixty (60) days or (b) any other amendment to the Partnership Agreement intended to make the redemption and transfer provisions, with respect to certain redemptions and transfers, more similar to the provisions described in Treasury Regulations Section 1.7704 1(f).
5.    The Limited Partner hereby appoints the General Partner, any Liquidator and authorized officers and attorneys-in-fact of each, and each of those acting singly, in each case with full power of substitution, as its true and lawful agent and attorney-in-fact, with full power and authority in its name, place and stead, to execute and deliver any amendment referred to in the foregoing paragraph 4(a) on the Limited Partner’s behalf. The foregoing power of attorney is hereby declared to be irrevocable and a power coupled with an interest, and it shall survive and not be affected by the death, incompetency, dissolution, disability, incapacity, bankruptcy or termination of the Limited Partner and shall extend to the Limited Partner’s heirs, executors, administrators, legal representatives, successors and assigns.
6.    The Limited Partner agrees that it will not transfer any interest in the Partnership Units (i) through a national, non-U.S., regional, local or other securities exchange or (ii) an over-the-counter market (including an interdealer quotation system that regularly disseminates firm buy or sell quotations by identified brokers or dealers by electronic means or otherwise) or (iii) to or through (a) a person, such as a broker or dealer, that makes a market in, or regularly quotes prices for, interests in the Partnership or (b) a person that regularly makes available to the public (including customers or subscribers) bid or offer quotes with respect to any interests in the Partnership and stands ready to effect transactions at the quoted prices for itself or on behalf of others.
7.    The Limited Partner acknowledges that the General Partner shall be a third party beneficiary of the representations, covenants and agreements set forth in Sections 4 and 5 hereof. The Limited Partner agrees that it will transfer, whether by assignment or otherwise, Partnership Units only to the General Partner or to transferees that provide the Partnership and the General Partner with the representations and covenants set forth in Sections 4 and 5 hereof.
8.    This Acceptance shall be construed and enforced in accordance with and governed by the laws of the State of Delaware, without regard to the principles of conflicts of law.

A-2
        


Signature Line for Limited Partner:



    


Date: January 1, [2018]

Address of Limited Partner:

                        



A-3
        


EXHIBIT B
GRANTEE’S COVENANTS, REPRESENTATIONS AND WARRANTIES
The Grantee hereby represents, warrants and covenants as follows:
(a)    The Grantee has received and had an opportunity to review the following documents (the “Background Documents”):
(i)    The Company’s latest Annual Report to Stockholders;
(ii)    The Company’s Proxy Statement for its most recent Annual Meeting of Stockholders;
(iii)    The Company’s Report on Form 10-K for the fiscal year most recently ended;
(iv)    The Company’s Form 10-Q, if any, for the most recently ended quarter filed by the Company with the Securities and Exchange Commission since the filing of the Form 10-K described in clause (iii) above;
(v)    Each of the Company’s Current Report(s) on Form 8-K, if any, filed since the end of the fiscal year most recently ended for which a Form 10-K has been filed by the Company;
(vi)    The Partnership Agreement;
(vii)    The Stock Plan; and
(viii)    The Company’s Articles of Amendment and Restatement, as amended.
The Grantee also acknowledges that any delivery of the Background Documents and other information relating to the Company and the Partnership prior to the determination by the Partnership of the suitability of the Grantee as a holder of Award [2018] LTIP Units (SB) shall not constitute an offer of Award [2018] LTIP Units (SB) until such determination of suitability shall be made.
(b)    The Grantee hereby represents and warrants that
(i)    The Grantee either (A) is an “accredited investor” as defined in Rule 501(a) under the Securities Act, or (B) by reason of the business and financial experience of the Grantee, together with the business and financial experience of those persons, if any, retained by the Grantee to represent or advise him with respect to the grant to him of Award [2018] LTIP Units (SB), the potential conversion of Award [2018] LTIP Units (SB) into units of limited partnership of the Partnership (“Common Units”) and the potential redemption of such Common Units for shares the Company’s common stock (“REIT

B-1

        


Shares”), has such knowledge, sophistication and experience in financial and business matters and in making investment decisions of this type that the Grantee (I) is capable of evaluating the merits and risks of an investment in the Partnership and potential investment in the Company and of making an informed investment decision, (II) is capable of protecting his own interest or has engaged representatives or advisors to assist him in protecting his interests, and (III) is capable of bearing the economic risk of such investment.
(ii)    The Grantee, after due inquiry, hereby certifies that for purposes of Rule 506(d) and Rule 506(e) of the Securities Act, he is not subject to any felony or misdemeanor conviction related to any securities matter; any federal or state order, judgment, decree or injunction related to any securities, insurance, banking or U.S. Postal Service matter; any SEC disciplinary or cease and desist order; or any suspension, expulsion or bar related to a registered national securities exchange, national or affiliated securities association or member thereof, whether it occurred or was issued before, on or after September 23, 2013, and agrees that he will notify the Company immediately upon becoming aware that the foregoing is not, or is no longer, complete and accurate in every material respect, including as a result of events occurring after the date hereof.
(iii)    The Grantee understands that (A) the Grantee is responsible for consulting his own tax advisors with respect to the application of the U.S. federal income tax laws, and the tax laws of any state, local or other taxing jurisdiction to which the Grantee is or by reason of the award of Award [2018] LTIP Units (SB) may become subject, to his particular situation; (B) the Grantee has not received or relied upon business or tax advice from the Company, the Partnership or any of their respective employees, agents, consultants or advisors, in their capacity as such; (C) the Grantee provides services to the Partnership on a regular basis and in such capacity has access to such information, and has such experience of and involvement in the business and operations of the Partnership, as the Grantee believes to be necessary and appropriate to make an informed decision to accept the award of Award [2018] LTIP Units (SB); and (D) an investment in the Partnership and/or the Company involves substantial risks. The Grantee has been given the opportunity to make a thorough investigation of matters relevant to the Award [2018] LTIP Units (SB) and has been furnished with, and has reviewed and understands, materials relating to the Partnership and the Company and their respective activities (including, but not limited to, the Background Documents). The Grantee has been afforded the opportunity to obtain any additional information (including any exhibits to the Background Documents) deemed necessary by the Grantee to verify the accuracy of information conveyed to the Grantee. The Grantee confirms that all documents, records, and books pertaining to his receipt of Award [2018] LTIP Units (SB) which were requested by the Grantee have been made available or delivered to the Grantee. The Grantee has had an opportunity to ask questions of and receive answers from the Partnership and the Company, or from a person or persons acting on their behalf, concerning the terms and conditions of the Award [2018] LTIP Units (SB). The Grantee has relied upon, and is making its decision solely upon, the Background Documents and other written information provided to the Grantee by the Partnership or the Company.

B-2

        


(iv)    The Award [2018] LTIP Units (SB) to be issued, the Common Units issuable upon conversion of the Award [2018] LTIP Units (SB) and any REIT Shares issued in connection with the redemption of any such Common Units will be acquired for the account of the Grantee for investment only and not with a current view to, or with any intention of, a distribution or resale thereof, in whole or in part, or the grant of any participation therein, without prejudice, however, to the Grantee’s right (subject to the terms of the Award [2018] LTIP Units (SB), the Stock Plan, the agreement of limited partnership of the Partnership, the articles of organization of the Company, as amended, and the Award Agreement) at all times to sell or otherwise dispose of all or any part of his Award [2018] LTIP Units (SB), Common Units or REIT Shares in compliance with the Securities Act, and applicable state securities laws, and subject, nevertheless, to the disposition of his assets being at all times within his control.
(v)    The Grantee acknowledges that (A) neither the Award [2018] LTIP Units (SB) to be issued, nor the Common Units issuable upon conversion of the Award [2018] LTIP Units (SB), have been registered under the Securities Act or state securities laws by reason of a specific exemption or exemptions from registration under the Securities Act and applicable state securities laws and, if such Award [2018] LTIP Units (SB) or Common Units are represented by certificates, such certificates will bear a legend to such effect, (B) the reliance by the Partnership and the Company on such exemptions is predicated in part on the accuracy and completeness of the representations and warranties of the Grantee contained herein, (C) such Award [2018] LTIP Units (SB) or Common Units, therefore, cannot be resold unless registered under the Securities Act and applicable state securities laws, or unless an exemption from registration is available, (D) there is no public market for such Award [2018] LTIP Units (SB) and Common Units and (E) neither the Partnership nor the Company has any obligation or intention to register such Award [2018] LTIP Units (SB) or the Common Units issuable upon conversion of the Award [2018] LTIP Units (SB) under the Securities Act or any state securities laws or to take any action that would make available any exemption from the registration requirements of such laws, except, that, upon the redemption of the Common Units for REIT Shares, the Company may issue such REIT Shares under the Stock Plan and pursuant to a Registration Statement on Form S‑8 under the Securities Act, to the extent that (I) the Grantee is eligible to receive such REIT Shares under the Stock Plan at the time of such issuance, (II) the Company has filed a Form S‑8 Registration Statement with the Securities and Exchange Commission registering the issuance of such REIT Shares and (III) such Form S‑8 is effective at the time of the issuance of such REIT Shares. The Grantee hereby acknowledges that because of the restrictions on transfer or assignment of such Award [2018] LTIP Units (SB) acquired hereby and the Common Units issuable upon conversion of the Award [2018] LTIP Units (SB) which are set forth in the Partnership Agreement or this Agreement, the Grantee may have to bear the economic risk of his ownership of the Award [2018] LTIP Units (SB) acquired hereby and the Common Units issuable upon conversion of the Award [2018] LTIP Units (SB) for an indefinite period of time.
(vi)    The Grantee has determined that the Award [2018] LTIP Units (SB) are a suitable investment for the Grantee.

B-3

        


(vii)    No representations or warranties have been made to the Grantee by the Partnership or the Company, or any officer, director, stockholder, agent, or affiliate of any of them, and the Grantee has received no information relating to an investment in the Partnership or the Award [2018] LTIP Units (SB) except the information specified in paragraph (b) above.
(c)    So long as the Grantee holds any Award [2018] LTIP Units (SB), the Grantee shall disclose to the Partnership in writing such information as may be reasonably requested with respect to ownership of Award [2018] LTIP Units (SB) as the Partnership may deem reasonably necessary to ascertain and to establish compliance with provisions of the Code, applicable to the Partnership or to comply with requirements of any other appropriate taxing authority.
(d)    The Grantee hereby agrees to make an election under Section 83(b) of the Code with respect to the Award [2018] LTIP Units (SB) awarded hereunder, and has delivered with this Agreement a completed, executed copy of the election form attached hereto as Exhibit C. The Grantee agrees to file the election (or to permit the Partnership to file such election on the Grantee’s behalf) within thirty (30) days after the award of the Award [2018] LTIP Units (SB) hereunder with the IRS Service Center at which such Grantee files his personal income tax returns, and to file a copy of such election with the Grantee’s U.S. federal income tax return for the taxable year in which Award [2018] LTIP Units (SB) are issued or awarded to the Grantee.
(e)    The address set forth on the signature page of this Agreement is the address of the Grantee’s principal residence, and the Grantee has no present intention of becoming a resident of any country, state or jurisdiction other than the country and state in which such residence is sited.


B-4

        


EXHIBIT C
ELECTION TO INCLUDE IN GROSS INCOME IN YEAR OF
TRANSFER OF PROPERTY PURSUANT TO SECTION 83(b)
OF THE INTERNAL REVENUE CODE
The undersigned hereby makes an election pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended, Treasury Regulations Section 1.83-2 promulgated thereunder, and Rev. Proc. 2012-29, 2012-28 IRB, 06/26/2012, to include in gross income as compensation for services the excess (if any) of the fair market value of the property described below over the amount paid for such property.
1.
The name, address and taxpayer identification number of the undersigned are:
Name:        _____________________ (the “Taxpayer”)
Address:         
        
Social Security No./Taxpayer Identification No.: _____________
Taxable Year: Calendar Year [2018]
2.
Description of property with respect to which the election is being made:
The election is being made with respect to __________ [2018] LTIP Units (SB) in The Macerich Partnership, L.P. (the “Partnership”).
3.
The date on which the [2018] LTIP Units (SB) were transferred to the undersigned is ___________, [2018].
4.
Nature of restrictions to which the [2018] LTIP Units (SB) are subject:
(a)
Until the [2018] LTIP Units (SB) vest, the Taxpayer may not transfer in any manner any portion of the [2018] LTIP Units (SB) without the consent of the Partnership.
(b)
The Taxpayer’s [2018] LTIP Units (SB) vest in accordance with the vesting provisions described in the Schedule attached hereto. Unvested [2018] LTIP Units (SB) are forfeited in accordance with the vesting provisions described in the Schedule attached hereto.
5.
The fair market value at time of transfer (determined without regard to any restrictions other than a nonlapse restriction as defined in Treasury Regulations Section 1.83-3(h)) of the [2018] LTIP Units (SB) with respect to which this election is being made was $0 per [2018] LTIP Unit (SB).
6.
The amount paid by the Taxpayer for the [2018] LTIP Units (SB) was $0 per [2018] LTIP Unit (SB).
7.
The amount to include in gross income is $0.

C-1

        


The undersigned taxpayer will file this election with the Internal Revenue Service office with which taxpayer files his or her annual income tax return not later than 30 days after the date of transfer of the property. A copy of the election also will be furnished to the person for whom the services were performed. Additionally, the undersigned will include a copy of the election with his or her income tax return for the taxable year in which the property is transferred. The undersigned is the person performing the services in connection with which the property was transferred.

Dated: _____________________
                                            
















    
    

C-2

        


SCHEDULE TO 83(b) ELECTION
Vesting Provisions of [2018] LTIP Units (SB)
LTIP Units are subject to service-based vesting with 33 1/3% of such units vesting on December 31, [2018], December 31, [2019] and December 31, [2020]. The above vesting is conditioned upon the Taxpayer remaining an employee of The Macerich Company (the “Company”) through the applicable vesting dates, and subject to acceleration or continued vesting in the event of a change of control of the Company or termination of the Taxpayer’s service relationship with the Company under specified circumstances. Unvested LTIP Units are subject to forfeiture in the event of failure to vest based on the passage of time and continued employment with the Company or its subsidiaries.






















SCHEDULE A TO [2018] LTIP UNIT AWARD AGREEMENT
(SERVICE-BASED)

Date of Award Agreement:
January 1, [2018]
Name of Grantee:
 
Number of [2018] LTIP Units (SB) Subject to Grant:
 
Grant Date:
January 1, [2018]

Vesting Schedule:

Vesting Date

Number of Award LTIP Units Becoming Vested

Cumulative
 
Percentage Vested
December 31, [2018]
(33 1/3%)
33 1/3%
December 31, [2019]
(33 1/3%)
66 2/3%
December 31, [2020]
(33 1/3%)
100%


Initials of Company representative: _________
Initials of Grantee: _________




 EX-21.1 5 mac-2017x1231x10kxex211xsu.htm EXHIBIT 21.1 Exhibit
Exhibit 21.1
LIST OF SUBSIDIARIES
BROAD RAFAEL ASSOCIATES (LIMITED PARTNERSHIP), a Pennsylvania limited partnership
BROAD RAFAEL PROPERTIES CORP., a Delaware corporation
BROOKLYN KINGS PLAZA LLC, a Delaware limited liability company
CAM CANDLESTICK LLC, a Delaware limited liability company
CAM-CARSON LLC, a Delaware limited liability company
CAM NY 2013 LLC, a Delaware limited liability company
CANDLESTICK CENTER LLC, a Delaware limited liability company
CHANDLER SOLAR LLC, a Delaware limited liability company
CHICAGO 500 NORTH MICHIGAN LLC, a Delaware limited liability company
DANBURY MALL, LLC, a Delaware limited liability company
DB HOLDINGS LLC, a Delaware limited liability company
DESERT SKY MALL LLC, a Delaware limited liability company
EAST MESA ADJACENT LLC, a Delaware limited liability company
EAST MESA MALL, L.L.C., a Delaware limited liability company
FASHION OUTLETS II LLC, a Delaware limited liability company
FASHION OUTLETS OF CHICAGO LLC, a Delaware limited liability company
FIFTH WALL VENTURES SPV V, L.P., a Delaware limited partnership
FOC ADJACENT LLC, a Delaware limited liability company
FON ADJACENT LLC, a Delaware limited liability company
FREE RACE MALL REST., L.P., a New Jersey limited partnership
FREEHOLD I, LLC, a Delaware limited liability company
FREEHOLD I SPC, INC., a Delaware corporation
FREEHOLD CHANDLER HOLDINGS LP, a Delaware limited partnership
FREEHOLD CHANDLER TRUST LLC, a Delaware limited liability company
FREEMALL ASSOCIATES, LLC, a Delaware limited liability company
FREEMALL ASSOCIATES, L.P., a New Jersey limited partnership
FRMR B LLC, a Delaware limited liability company
FRMR, INC., a New Jersey corporation
GOODYEAR PERIPHERAL LLC, an Arizona limited liability company
GPM GP LLC, a Delaware limited liability company
GREAT NORTHERN HOLDINGS, LLC, a Delaware limited liability company

    1

GREAT NORTHERN SPE, LLC, a Delaware limited liability company
GREEN ACRES ADJACENT LLC, a Delaware limited liability company
GREEN TREE MALL LLC, a Delaware limited liability company
HUDWIL IV, LLC, a Delaware limited liability company
HUDWIL IV SPC, INC., a Delaware corporation
INLAND SOLAR LLC, a Delaware limited liability company
KINGS PLAZA ENERGY LLC, a Delaware limited liability company
KINGS PLAZA GROUND LEASE LLC, a Delaware limited liability company
KITSAPARTY, a Washington non-profit corporation
LA SANDIA SANTA MONICA LLC, a Delaware limited liability company
LA CUMBRE ADJACENT PARCEL GP LLC, a Delaware limited liability company
LA CUMBRE ADJACENT PARCEL LP, a Delaware limited partnership
LA CUMBRE ADJACENT PARCEL SPE LP, a Delaware limited partnership
MAC CASCADE LLC, a Delaware limited liability company
MAC CROSS COURT LLC, a Delaware limited liability company
MACD LLC, a Delaware limited liability company
MACDAN CORP., a Delaware corporation
MACDB CORP., a Delaware corporation
MACERICH 443 WABASH SPE LLC, a Delaware limited liability company
MACERICH ARIZONA MANAGEMENT LLC, a Delaware limited liability company
MACERICH ARIZONA PARTNERS LLC, an Arizona limited liability company
MACERICH ATLAS LLC, a Delaware limited liability company
MACERICH BILTMORE CI, LLC, a Delaware limited liability company
MACERICH BILTMORE MM, LLC, a Delaware limited liability company
MACERICH BILTMORE OPI, LLC, a Delaware limited liability company
MACERICH BUENAVENTURA GP CORP., a Delaware corporation
MACERICH BUENAVENTURA LIMITED PARTNERSHIP, a California limited partnership
MACERICH CASA GRANDE MEMBER LLC, a Delaware limited liability company
MACERICH CCP LLC, a Delaware limited liability company
MACERICH CCP VALENCIA LLC, a Delaware limited liability company
MACERICH CERRITOS MALL CORP., a Delaware corporation
MACERICH CM VILLAGE GP CORP., a Delaware corporation
MACERICH CM VILLAGE LIMITED PARTNERSHIP, a California limited partnership
MACERICH COTTONWOOD HOLDINGS LLC, a Delaware limited liability company

    2

MACERICH CROSS COUNTY SECURITY LLC, a Delaware limited liability company
MACERICH CROSSROADS PLAZA HOLDINGS GP CORP., a Delaware corporation
MACERICH CROSSROADS PLAZA HOLDINGS LP, a Delaware limited partnership
MACERICH DB LLC, a Delaware limited liability company
MACERICH DEPTFORD GP CORP., a Delaware corporation
MACERICH DESERT SKY MALL HOLDINGS LLC, a Delaware limited liability company
MACERICH DIGITAL SERVICES LLC, a Delaware limited liability company
MACERICH FARGO ASSOCIATES, a California general partnership
MACERICH FREEHOLD CHANDLER GP LLC, a Delaware limited liability company
MACERICH FRESNO ADJACENT GP CORP., a Delaware corporation
MACERICH FRESNO ADJACENT LP, a Delaware limited partnership
MACERICH FRESNO GP CORP., a Delaware corporation
MACERICH FRESNO LIMITED PARTNERSHIP, a California limited partnership
MACERICH FWV LLC, a Delaware limited liability company
MACERICH G3 LLC, a Delaware limited liability company
MACERICH GALLERY MARKET EAST GP LLC, a Delaware limited liability company
MACERICH GALLERY MARKET EAST LP LLC, a Delaware limited liability company
MACERICH GALLERY MARKET EAST TRS SUB LLC, a Delaware limited liability company
MACERICH GOODYEAR PERIPHERAL LLC, an Arizona limited liability company
MACERICH GREAT FALLS GP CORP., a Delaware corporation
MACERICH HOLDINGS LLC, a Delaware limited liability company
MACERICH INLAND GP LLC, a Delaware limited liability company
MACERICH INLAND LP, a Delaware limited partnership
MACERICH INVESTMENTS LLC, a Delaware limited liability company
MACERICH JANSS MARKETPLACE HOLDINGS LLC, a Delaware limited liability company
MACERICH LA CUMBRE 9.45 AC LLC, a Delaware limited liability company
MACERICH LA CUMBRE GP LLC, a Delaware limited liability company
MACERICH LA CUMBRE LP, a Delaware limited partnership
MACERICH LA CUMBRE SPE LP, a Delaware limited partnership
MACERICH LAKE SQUARE MALL LLC, a Delaware limited liability company
MACERICH LUBBOCK GP CORP., a Delaware corporation
MACERICH LUBBOCK LIMITED PARTNERSHIP, a California limited partnership
MACERICH MANAGEMENT COMPANY, a California corporation
MACERICH MANAGEMENT COMPANY II LLC, a Delaware limited liability company

    3

MACERICH NIAGARA LLC, a Delaware limited liability company
MACERICH NORTH BRIDGE LLC, a Delaware limited liability company
MACERICH NORTHGATE GP I LLC, a Delaware limited liability company
MACERICH NORTHGATE GP II LLC, a Delaware limited liability company
MACERICH NORTHGATE HOLDINGS LLC, a Delaware limited liability company
MACERICH NORTH PARK MALL LLC, a Delaware limited liability company
MACERICH NORTHRIDGE LP, a California limited partnership
MACERICH OAKS ADJACENT LLC, a Delaware limited liability company
MACERICH OAKS GP CORP., a Delaware corporation
MACERICH OAKS LP, a Delaware limited partnership
MACERICH ONE SCOTTSDALE LLC, a Delaware limited liability company
MACERICH PARTNERS OF COLORADO LLC, a Colorado limited liability company
MACERICH PPR CORP., a Maryland corporation
MACERICH PROPERTY MANAGEMENT COMPANY, LLC, a Delaware limited liability company
MACERICH QUEENS ADJACENT GUARANTOR GP CORP., a Delaware corporation
MACERICH QUEENS JV GP LLC, a Delaware limited liability company
MACERICH QUEENS JV LP, a Delaware limited partnership
MACERICH SCG GP CORP., a Delaware corporation
MACERICH SCG GP LLC, a Delaware limited liability company
MACERICH SCG LIMITED PARTNERSHIP, a California limited partnership
MACERICH SJV LLC, a Delaware limited liability company
MACERICH SMP GP LLC, a Delaware limited liability company
MACERICH SMP LP, a Delaware limited partnership
MACERICH SOLAR LLC, a Delaware limited liability company
MACERICH SOUTH PARK MALL LLC, a Delaware limited liability company
MACERICH SOUTHRIDGE MALL LLC, a Delaware limited liability company
MACERICH STONEWOOD, LLC, a Delaware limited liability company
MACERICH STONEWOOD CORP., a Delaware corporation
MACERICH STONEWOOD HOLDINGS LLC, a Delaware limited liability company
MACERICH SUPERSTITION ADJACENT HOLDINGS LLC, a Delaware limited liability company
MACERICH SUPERSTITION MALL HOLDINGS LLC, a Delaware limited liability company
MACERICH TRUST LLC, a Delaware limited liability company
MACERICH TWC II CORP., a Delaware corporation
MACERICH TWC II LLC, a Delaware limited liability company

    4

MACERICH TYSONS LLC, a Delaware limited liability company
MACERICH TYSONS CORNER HOTEL TRS LLC, a Delaware limited liability company
MACERICH VALLE VISTA HOLDINGS LLC, a Delaware limited liability company
MACERICH VALLEY RIVER CENTER LLC, a Delaware limited liability company
MACERICH VICTOR VALLEY GP LLC, a Delaware limited liability company
MACERICH VICTOR VALLEY LP, a Delaware limited partnership
MACERICH VINTAGE FAIRE GP CORP., a Delaware corporation
MACERICH VINTAGE FAIRE LIMITED PARTNERSHIP, a Delaware limited partnership
MACERICH VV GP LLC, a Delaware limited liability company
MACERICH VV SPE LP, a Delaware limited partnership
MACERICH WALLEYE LLC, a Delaware limited liability company
MACERICH WASHINGTON SQUARE PETALUMA HOLDINGS LLC, a Delaware limited liability company
MACERICH WESTSIDE GP CORP., a Delaware corporation
MACERICH WESTSIDE LIMITED PARTNERSHIP, a California limited partnership
MACERICH WESTSIDE PAVILION PROPERTY LLC, a Delaware limited liability company
MACERICH WHITTWOOD HOLDINGS GP CORP., a Delaware corporation
MACERICH WHITTWOOD HOLDINGS LP, a Delaware limited partnership
MACERICH WRLP CORP., a Delaware corporation
MACERICH WRLP LLC, a Delaware limited liability company
MACERICH WRLP II CORP., a Delaware corporation
MACERICH WRLP II L.P., a Delaware limited partnership
MACERICH ZETA HOLDINGS LLC, a Delaware limited liability company
MACJ, LLC, a Delaware limited liability company
MAC NORTHRIDGE GP LLC, a Delaware limited liability company
MACPT LLC, a Delaware limited liability company
MACW FREEHOLD, LLC, a Delaware limited liability company
MACWH, LP, a Delaware limited partnership
MACW MALL MANAGEMENT, INC., a New York corporation
MACWPII LLC, a Delaware limited liability company
MACW PROPERTY MANAGEMENT, LLC, a New York limited liability company
MACW TYSONS, LLC, a Delaware limited liability company
MVRC HOLDING LLC, a Delaware limited liability company
MW INVESTMENT GP CORP., a Delaware corporation
MW INVESTMENT LP, a Delaware limited partnership

    5

NORTHGATE MALL ASSOCIATES, a California general partnership
PARADISE VALLEY MALL SPE LLC, a Delaware limited liability company
QUEENS CENTER PLEDGOR LLC, a Delaware limited liability company
QUEENS CENTER REIT LLC, a Delaware limited liability company
QUEENS CENTER SPE LLC, a Delaware limited liability company
QUEENS JV GP LLC, a Delaware limited liability company
QUEENS JV LP, a Delaware limited partnership
RACEWAY ONE, LLC, a New Jersey limited liability company
RACEWAY TWO, LLC, a New Jersey limited liability company
RAILHEAD ASSOCIATES, L.L.C., an Arizona limited liability company
ROTTERDAM SQUARE, LLC, a Delaware limited liability company
SAN TAN SOLAR LLC, a Delaware limited liability company
SARWIL ASSOCIATES, L.P., a New York limited partnership
SARWIL ASSOCIATES II, L.P., a New York limited partnership
SM EASTLAND MALL, LLC, a Delaware limited liability company
SM VALLEY MALL, LLC, a Delaware limited liability company
SOUTHRIDGE ADJACENT, LLC, a Delaware limited liability company
THE MACERICH PARTNERSHIP, L.P., a Delaware limited partnership
THE WESTCOR COMPANY LIMITED PARTNERSHIP, an Arizona limited partnership
THE WESTCOR COMPANY II LIMITED PARTNERSHIP, an Arizona limited partnership
TOWNE MALL, L.L.C., a Delaware limited liability company
TWC CHANDLER LLC, a Delaware limited liability company
TWC LIMITED PARTNER LLC, a Delaware limited liability company
TWC SCOTTSDALE CORP., an Arizona corporation
TWC SCOTTSDALE MEZZANINE, L.L.C., an Arizona limited liability company
TWC TUCSON, LLC, an Arizona limited liability company
VALLEY STREAM GA MEZZANINE LLC, a Delaware limited liability company
VALLEY STREAM GREEN ACRES LLC, a Delaware limited liability company
WALLEYE LLC, a Delaware limited liability company
WALLEYE RETAIL INVESTMENTS LLC, a Delaware limited liability company
WALLEYE TRS HOLDCO, INC., a Delaware corporation
WESTCOR 303 CPC LLC, an Arizona limited liability company
WESTCOR 303 RSC LLC, an Arizona limited liability company
WESTCOR 303 WCW LLC, an Arizona limited liability company

    6

WESTCOR/303 LLC, an Arizona limited liability company
WESTCOR/BLACK CANYON MOTORPLEX LLC, an Arizona limited liability company
WESTCOR/BLACK CANYON RETAIL LLC, an Arizona limited liability company
WESTCOR/CASA GRANDE LLC, an Arizona limited liability company
WESTCOR/COOLIDGE LLC, an Arizona limited liability company
WESTCOR/GILBERT PHASE 2 LLC, an Arizona limited liability company
WESTCOR/GOODYEAR, L.L.C., an Arizona limited liability company
WESTCOR GOODYEAR PC LLC, an Arizona limited liability company
WESTCOR GOODYEAR RSC LLC, an Arizona limited liability company
WESTCOR MARANA LLC, an Arizona limited liability company
WESTCOR/MERIDIAN LLC, an Arizona limited liability company
WESTCOR ONE SCOTTSDALE LLC, an Arizona limited liability company
WESTCOR REALTY LIMITED PARTNERSHIP, a Delaware limited partnership
WESTCOR SANTAN ADJACENT LLC, a Delaware limited liability company
WESTCOR SANTAN HOLDINGS LLC, a Delaware limited liability company
WESTCOR SANTAN VILLAGE LLC, a Delaware limited liability company
WESTCOR SURPRISE CPC LLC, an Arizona limited liability company
WESTCOR SURPRISE RSC LLC, an Arizona limited liability company
WESTCOR SURPRISE WCW LLC, an Arizona limited liability company
WESTCOR/SURPRISE LLC, an Arizona limited liability company
WESTCOR TRS LLC, a Delaware limited liability company
WESTDAY ASSOCIATES LLC, a Delaware limited liability company
WESTPEN ASSOCIATES LLC, a Delaware limited liability company
WILSAR, LLC, a Delaware limited liability company
WILSAR SPC, INC., a Delaware corporation
WILTON MALL, LLC, a Delaware limited liability company
WILTON SPC, INC., a Delaware corporation
WMGTH, INC., a Delaware corporation
WM INLAND ADJACENT LLC, a Delaware limited liability company
WM INLAND LP, a Delaware limited partnership
WM INLAND INVESTORS IV GP LLC, a Delaware limited liability company
WM INLAND INVESTORS IV LP, a Delaware limited partnership
WM INLAND (MAY) IV, L.L.C., a Delaware limited liability company
WP CASA GRANDE RETAIL LLC, an Arizona limited liability company

    7

ZENGO RESTAURANT SANTA MONICA, a Delaware limited liability company


    8
 EX-23.1 6 mac-2017x12x31x10kex231xco.htm EXHIBIT 23.1 Exhibit


Exhibit 23.1


Consent of Independent Registered Public Accounting Firm
The Board of Directors
The Macerich Company:


We consent to the incorporation by reference in the registration statements (Nos. 333-219872, 333‑107063 and 333‑121630) on Form S‑3 and (Nos. 333‑00584, 333‑42309, 333‑42303, 333‑69995, 333‑108193, 333‑120585, 333‑161371, 333‑186915, 333‑186916 and 333-211816) on Form S‑8 of The Macerich Company of our reports dated February 23, 2018 with respect to the consolidated balance sheets of The Macerich Company as of December 31, 2017 and 2016, and the related consolidated statements of operations, comprehensive income, equity and cash flows for each of the years in the three‑year period ended December 31, 2017, and the related notes and financial statement schedule III - Real Estate and Accumulated Depreciation (collectively, the "consolidated financial statements"), and the effectiveness of internal control over financial reporting as of December 31, 2017, which reports appear in the December 31, 2017 annual report on Form 10‑K of The Macerich Company.

/s/ KPMG LLP
Los Angeles, California
February 23, 2018


EX-31.1 7 mac-2017x1231x10kxex311.htm EXHIBIT 31.1 Exhibit


Exhibit 31.1
SECTION 302 CERTIFICATION

I, Arthur M. Coppola, certify that:
1.
I have reviewed this report on Form 10-K for the year ended December 31, 2017 of The Macerich Company;
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.

 
 
 
/s/ ARTHUR M. COPPOLA
Date:
February 23, 2018
 
Chairman and Chief Executive Officer




 EX-31.2 8 mac-2017x1231x10kxex312.htm EXHIBIT 31.2 Exhibit
Exhibit 31.2
SECTION 302 CERTIFICATION

I, Thomas E. O'Hern, certify that:
1.
I have reviewed this report on Form 10-K for the year ended December 31, 2017 of The Macerich Company;
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.

 
 
 
/s/ THOMAS E. O'HERN
Date:
February 23, 2018
 
Senior Executive Vice President and Chief Financial Officer




 EX-32.1 9 mac-2017x1231x10kxex321.htm EXHIBIT 32.1 Exhibit
Exhibit 32.1
THE MACERICH COMPANY (The Company)
WRITTEN STATEMENT PURSUANT TO 18 U.S.C. SECTION 1350
The undersigned, Arthur M. Coppola and Thomas E. O'Hern, the Chief Executive Officer and Chief Financial Officer, respectively, of The Macerich Company (the "Company"), pursuant to 18 U.S.C. §1350, each hereby certify that, to the best of his knowledge:
(i)
the Annual Report on Form 10-K for the year ended December 31, 2017 of the Company (the "Report") fully complies with the requirements of Section 13(a) and 15(d) of the Securities Exchange Act of 1934; and
(ii)
the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: February 23, 2018
 
 
/s/ ARTHUR M. COPPOLA
 
 
Chairman and Chief Executive Officer
 
 
 
 
 
/s/ THOMAS E. O'HERN
 
 
Senior Executive Vice President and Chief Financial Officer





 EX-101.INS 10 mac-20171231.xml XBRL INSTANCE DOCUMENT 0000912242 2017-01-01 2017-12-31 0000912242 2018-02-21 0000912242 2017-06-30 0000912242 2017-12-31 0000912242 2016-12-31 0000912242 2015-01-01 2015-12-31 0000912242 2016-01-01 2016-12-31 0000912242 us-gaap:ParentMember 2016-01-01 2016-12-31 0000912242 us-gaap:NoncontrollingInterestMember 2016-01-01 2016-12-31 0000912242 us-gaap:CommonStockMember 2015-12-31 0000912242 2015-12-31 0000912242 us-gaap:AdditionalPaidInCapitalMember 2016-01-01 2016-12-31 0000912242 us-gaap:CommonStockMember 2016-12-31 0000912242 us-gaap:CommonStockMember 2016-01-01 2016-12-31 0000912242 us-gaap:RetainedEarningsMember 2016-12-31 0000912242 us-gaap:ParentMember 2016-12-31 0000912242 us-gaap:NoncontrollingInterestMember 2015-12-31 0000912242 us-gaap:RetainedEarningsMember 2015-12-31 0000912242 us-gaap:NoncontrollingInterestMember 2016-12-31 0000912242 us-gaap:RetainedEarningsMember 2016-01-01 2016-12-31 0000912242 us-gaap:AdditionalPaidInCapitalMember 2016-12-31 0000912242 us-gaap:AdditionalPaidInCapitalMember 2015-12-31 0000912242 us-gaap:ParentMember 2015-12-31 0000912242 us-gaap:RetainedEarningsMember 2015-01-01 2015-12-31 0000912242 us-gaap:CommonStockMember 2015-01-01 2015-12-31 0000912242 us-gaap:RetainedEarningsMember 2014-12-31 0000912242 us-gaap:ParentMember 2015-01-01 2015-12-31 0000912242 us-gaap:NoncontrollingInterestMember 2015-01-01 2015-12-31 0000912242 us-gaap:CommonStockMember 2014-12-31 0000912242 us-gaap:NoncontrollingInterestMember 2014-12-31 0000912242 us-gaap:AdditionalPaidInCapitalMember 2015-01-01 2015-12-31 0000912242 us-gaap:ParentMember 2014-12-31 0000912242 2014-12-31 0000912242 us-gaap:AdditionalPaidInCapitalMember 2014-12-31 0000912242 us-gaap:CommonStockMember 2017-12-31 0000912242 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000912242 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-12-31 0000912242 us-gaap:AdditionalPaidInCapitalMember 2017-01-01 2017-12-31 0000912242 us-gaap:NoncontrollingInterestMember 2017-01-01 2017-12-31 0000912242 us-gaap:ParentMember 2017-01-01 2017-12-31 0000912242 us-gaap:CommonStockMember 2017-01-01 2017-12-31 0000912242 us-gaap:ParentMember 2017-12-31 0000912242 us-gaap:NoncontrollingInterestMember 2017-12-31 0000912242 us-gaap:RetainedEarningsMember 2017-01-01 2017-12-31 0000912242 us-gaap:RetainedEarningsMember 2017-12-31 0000912242 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-01-01 2017-12-31 0000912242 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0000912242 mac:TheMacerichPartnershipLPMember 2017-12-31 0000912242 us-gaap:AccountingStandardsUpdate201409Member mac:FreeholdRacewayMallAndChandlerFashionCenterMember us-gaap:DifferenceBetweenRevenueGuidanceInEffectBeforeAndAfterTopic606Member us-gaap:CorporateJointVentureMember 2017-12-31 0000912242 us-gaap:AccountingStandardsUpdate201609Member us-gaap:RetainedEarningsMember 2017-01-01 0000912242 us-gaap:AccountingStandardsUpdate201409Member mac:FreeholdRacewayMallAndChandlerFashionCenterMember us-gaap:DifferenceBetweenRevenueGuidanceInEffectBeforeAndAfterTopic606Member us-gaap:CorporateJointVentureMember us-gaap:ProFormaMember 2018-01-01 0000912242 us-gaap:MaximumMember 2017-01-01 2017-12-31 0000912242 us-gaap:CorporateJointVentureMember mac:FreeholdRacewayMallAndChandlerFashionCenterMember 2017-12-31 0000912242 us-gaap:MinimumMember 2017-01-01 2017-12-31 0000912242 us-gaap:OtherAssetsMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2016-12-31 0000912242 us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2016-12-31 0000912242 mac:RealEstateInvestmentPropertyNetMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2017-12-31 0000912242 us-gaap:AssetsTotalMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2017-12-31 0000912242 us-gaap:OtherLiabilitiesMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2016-12-31 0000912242 us-gaap:OtherAssetsMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2017-12-31 0000912242 us-gaap:AssetsTotalMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2016-12-31 0000912242 us-gaap:LiabilitiesTotalMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2016-12-31 0000912242 us-gaap:OtherLiabilitiesMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2017-12-31 0000912242 us-gaap:SecuredDebtMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2017-12-31 0000912242 us-gaap:LiabilitiesTotalMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2017-12-31 0000912242 mac:RealEstateInvestmentPropertyNetMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2016-12-31 0000912242 mac:TenantImprovementsMember us-gaap:MaximumMember 2017-01-01 2017-12-31 0000912242 mac:EquipmentAndFurnishingsMember us-gaap:MaximumMember 2017-01-01 2017-12-31 0000912242 us-gaap:BuildingAndBuildingImprovementsMember us-gaap:MaximumMember 2017-01-01 2017-12-31 0000912242 us-gaap:BuildingAndBuildingImprovementsMember us-gaap:MinimumMember 2017-01-01 2017-12-31 0000912242 mac:TenantImprovementsMember us-gaap:MinimumMember 2017-01-01 2017-12-31 0000912242 mac:EquipmentAndFurnishingsMember us-gaap:MinimumMember 2017-01-01 2017-12-31 0000912242 mac:PreferredNonparticipatingConvertibleUnitsMember 2017-01-01 2017-12-31 0000912242 mac:PartnershipUnitsMember 2015-01-01 2015-12-31 0000912242 mac:PreferredNonparticipatingConvertibleUnitsMember 2015-01-01 2015-12-31 0000912242 mac:PartnershipUnitsMember 2017-01-01 2017-12-31 0000912242 mac:PartnershipUnitsMember 2016-01-01 2016-12-31 0000912242 mac:PreferredNonparticipatingConvertibleUnitsMember 2016-01-01 2016-12-31 0000912242 mac:OtherJointVenturesMember 2015-01-01 2015-12-31 0000912242 mac:PacificPremierRetailLPMember 2015-01-01 2015-12-31 0000912242 mac:OtherJointVenturesMember 2016-01-01 2016-12-31 0000912242 mac:PacificPremierRetailLPMember 2016-01-01 2016-12-31 0000912242 mac:PacificPremierRetailLPMember 2017-01-01 2017-12-31 0000912242 mac:OtherJointVenturesMember 2017-01-01 2017-12-31 0000912242 mac:WestAcresDevelopmentLLPMember 2017-12-31 0000912242 mac:TysonsCornerHotelILLCMember 2017-12-31 0000912242 mac:WestcorSurpriseAutoParkLLCMember 2017-12-31 0000912242 mac:MSPortfolioLLCMember 2017-12-31 0000912242 mac:OneScottsdaleMember 2017-12-31 0000912242 mac:FashionDistrictPhiladelphiaMember 2017-12-31 0000912242 mac:TheMarketAtEstrellaFallsMember 2017-12-31 0000912242 mac:WMAPLLCAtlasParkMember 2017-12-31 0000912242 mac:PropcorIIAssociatesLLCBoulevardShopsMember 2017-12-31 0000912242 mac:NorthBridgeChicagoLLCMember 2017-12-31 0000912242 mac:TysonsCornerLLCMember 2017-12-31 0000912242 mac:JarenAssociates4Member 2017-12-31 0000912242 mac:BiltmoreShoppingCenterPartnersLLCMember 2017-12-31 0000912242 mac:CorteMaderaVillageLLCMember 2017-12-31 0000912242 mac:TysonsCornerPropertyHoldingsIILLCMember 2017-12-31 0000912242 mac:MacerichNorthwesternAssociatesBroadwayPlazaMember 2017-12-31 0000912242 mac:CoolidgeHoldingMember 2017-12-31 0000912242 mac:MacerichHHFCentersLLCVariousPropertiesMember 2017-12-31 0000912242 mac:CandlestickCenterLLCMember 2017-12-31 0000912242 mac:ScottsdaleFashionSquarePartnershipMember 2017-12-31 0000912242 mac:A443WabashMABLLCMember 2017-12-31 0000912242 mac:PacificPremierRetailLLCMember 2017-12-31 0000912242 mac:TMTRSHoldingCompanyLLCValenciaPlaceatCountryClubPlazaMember 2017-12-31 0000912242 mac:AMTysonsLLCMember 2017-12-31 0000912242 mac:CountryClubPlazaKCPartnersLLCMember 2017-12-31 0000912242 mac:KierlandCommonsInvestmentLLCMember 2017-12-31 0000912242 mac:WestcorQueenCreekLLCMember 2017-12-31 0000912242 mac:TysonsCornerPropertyLLCMember 2017-12-31 0000912242 mac:NewRiverAssociatesLLCArrowheadTowneCenterMember 2017-12-31 0000912242 mac:ArrowheadTowneCenterMember 2016-01-06 2016-01-06 0000912242 us-gaap:OfficeBuildingMember mac:FashionDistrictPhiladelphiaMember us-gaap:CorporateJointVentureMember 2017-09-18 2017-09-18 0000912242 mac:InlandCenterMember 2015-02-17 2015-02-17 0000912242 mac:MACHeitmanPortfolioMember us-gaap:CorporateJointVentureMember 2016-01-14 2016-01-14 0000912242 mac:PPRPortfolioMember 2015-10-30 2015-10-30 0000912242 mac:PacificPremierRetailLLCMember 2016-12-31 0000912242 mac:SearsLocationsMember 2015-04-30 2015-04-30 0000912242 mac:CountryClubPlazaMember us-gaap:CorporateJointVentureMember 2016-03-01 2016-03-01 0000912242 mac:PPRPortfolioMember mac:LosCerritosCenterMember 2015-10-30 0000912242 mac:ArrowheadTowneCenterMember us-gaap:CorporateJointVentureMember 2016-01-06 2016-01-06 0000912242 mac:SearsLocationsMember 2015-04-30 0000912242 mac:ArrowheadTowneCenterMember 2016-01-06 0000912242 mac:NorthwesternMutualLifeMember 2017-01-01 2017-12-31 0000912242 mac:MACHeitmanPortfolioMember mac:TwentyNinthStreetMember us-gaap:CorporateJointVentureMember 2016-01-14 0000912242 mac:WestcorQueenCreekLLCMember 2017-12-14 2017-12-14 0000912242 mac:CountryClubPlazaMember us-gaap:CorporateJointVentureMember 2016-03-28 2016-03-28 0000912242 mac:NorthwesternMutualLifeMember 2015-01-01 2015-12-31 0000912242 mac:PacificPremierRetailLLCMember 2017-12-31 0000912242 mac:InlandCenterMember 2015-02-17 0000912242 mac:MACHeitmanPortfolioMember us-gaap:CorporateJointVentureMember 2016-01-14 0000912242 mac:PPRPortfolioMember mac:LakewoodCenterMember 2015-10-30 0000912242 mac:NorthwesternMutualLifeMember 2016-12-31 0000912242 mac:CountryClubPlazaMember us-gaap:CorporateJointVentureMember 2016-03-01 0000912242 mac:PPRPortfolioMember mac:SouthPlainsMallMember 2015-10-30 0000912242 us-gaap:OfficeBuildingMember mac:CountryClubPlazaMember us-gaap:CorporateJointVentureMember 2017-03-17 2017-03-17 0000912242 us-gaap:OfficeBuildingMember mac:FashionDistrictPhiladelphiaMember 2017-09-18 2017-09-18 0000912242 mac:CountryClubPlazaMember us-gaap:CorporateJointVentureMember 2016-03-28 0000912242 mac:NorthwesternMutualLifeMember 2017-12-31 0000912242 mac:PPRPortfolioMember mac:PacificPremierRetailLLCMember 2015-10-30 0000912242 mac:MACHeitmanPortfolioMember mac:DeptfordMallMember us-gaap:CorporateJointVentureMember 2016-01-14 0000912242 mac:PPRPortfolioMember mac:WashingtonSquareMember 2015-10-30 0000912242 mac:MACHeitmanPortfolioMember mac:FlatIronCrossingMember us-gaap:CorporateJointVentureMember 2016-01-14 0000912242 mac:NorthwesternMutualLifeMember 2016-01-01 2016-12-31 0000912242 us-gaap:OfficeBuildingMember mac:CountryClubPlazaMember 2017-03-17 2017-03-17 0000912242 mac:WestcorQueenCreekLLCMember us-gaap:CorporateJointVentureMember 2017-12-14 2017-12-14 0000912242 us-gaap:InterestRateCapMember 2017-12-31 0000912242 us-gaap:FairValueInputsLevel3Member 2015-01-01 2015-12-31 0000912242 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember 2017-12-31 0000912242 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember 2015-12-31 0000912242 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2015-12-31 0000912242 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsNonrecurringMember 2016-12-31 0000912242 us-gaap:FairValueMeasurementsNonrecurringMember 2015-12-31 0000912242 us-gaap:FairValueMeasurementsNonrecurringMember 2016-12-31 0000912242 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2016-12-31 0000912242 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsNonrecurringMember 2017-12-31 0000912242 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsNonrecurringMember 2017-12-31 0000912242 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsNonrecurringMember 2016-12-31 0000912242 us-gaap:FairValueMeasurementsNonrecurringMember 2017-12-31 0000912242 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsNonrecurringMember 2015-12-31 0000912242 mac:ArrowheadTowneCenterMember 2016-01-01 2016-12-31 0000912242 mac:PPRPortfolioMember 2016-01-01 2016-12-31 0000912242 mac:PPRPortfolioMember 2015-01-01 2015-12-31 0000912242 mac:PanoramaMallMember 2015-11-19 2015-11-19 0000912242 mac:CapitolaMallMember 2016-01-01 2016-12-31 0000912242 mac:CascadeandNorthgateMallsMember 2017-01-18 2017-01-18 0000912242 mac:NorthMichiganAvenue500Member 2017-11-16 2017-11-16 0000912242 mac:MervynsMember 2016-01-01 2016-12-31 0000912242 mac:MACHeitmanPortfolioMember 2016-01-01 2016-12-31 0000912242 us-gaap:FairValueInputsLevel3Member us-gaap:MaximumMember 2015-01-01 2015-12-31 0000912242 us-gaap:FairValueInputsLevel3Member us-gaap:MinimumMember 2016-01-01 2016-12-31 0000912242 us-gaap:FairValueInputsLevel3Member us-gaap:MinimumMember 2015-01-01 2015-12-31 0000912242 us-gaap:FairValueInputsLevel3Member us-gaap:MaximumMember 2016-01-01 2016-12-31 0000912242 us-gaap:AccruedIncomeReceivableMember 2017-12-31 0000912242 mac:NoteReceivable2Member 2014-03-17 0000912242 mac:NoteReceivable1Member 2014-03-17 0000912242 us-gaap:AccruedIncomeReceivableMember 2016-12-31 0000912242 mac:LakeSquareMallMember 2014-03-17 0000912242 us-gaap:AboveMarketLeasesMember 2017-12-31 0000912242 mac:BelowMarketLeaseMember 2017-12-31 0000912242 us-gaap:CorporateJointVentureMember mac:FreeholdRacewayMallAndChandlerFashionCenterMember 2016-12-31 0000912242 mac:BelowMarketLeaseMember 2016-12-31 0000912242 us-gaap:AboveMarketLeasesMember 2016-12-31 0000912242 us-gaap:LeasesAcquiredInPlaceMember 2017-01-01 2017-12-31 0000912242 us-gaap:LeasesAcquiredInPlaceMember 2016-12-31 0000912242 us-gaap:LeasesAcquiredInPlaceMember 2016-01-01 2016-12-31 0000912242 us-gaap:LeasesAcquiredInPlaceMember 2017-12-31 0000912242 us-gaap:LeasesAcquiredInPlaceMember 2015-01-01 2015-12-31 0000912242 mac:SantaMonicaPlaceMortgageMember 2017-12-31 0000912242 mac:MallOfVictorValleyMortgageMember 2017-12-31 0000912242 mac:FashionOutletsOfChicagoMortgageMember 2016-12-31 0000912242 mac:PacificViewMortgageMember 2016-12-31 0000912242 mac:GreenAcresCommonsMember 2017-01-01 2017-12-31 0000912242 mac:GreenAcresCommonsMember 2017-12-31 0000912242 mac:WestsidePavilionMortgageMember 2016-12-31 0000912242 mac:FresnoFashionFairMember 2017-12-31 0000912242 mac:QueensCenterMember 2017-12-31 0000912242 mac:TheOaksOneMortgageMember 2017-01-01 2017-12-31 0000912242 mac:GreenAcresMallMortgageMember 2017-12-31 0000912242 mac:SantaMonicaPlaceMortgageMember 2016-12-31 0000912242 mac:ChandlerFashionCenterMortgageMember 2016-12-31 0000912242 mac:QueensCenterMember 2016-12-31 0000912242 mac:ChandlerFashionCenterMortgageMember 2017-12-31 0000912242 mac:DanburyFairMallMortgageMember 2016-12-31 0000912242 mac:GreenAcresMallMortgageMember 2017-01-01 2017-12-31 0000912242 mac:FreeholdRacewayMallMortgageMember 2017-12-31 0000912242 mac:KingsPlazaMortgageMember 2017-01-01 2017-12-31 0000912242 mac:FreeholdRacewayMallMortgageMember 2016-12-31 0000912242 mac:StonewoodCenterMortgageMember 2016-12-31 0000912242 mac:SanTanVillageRegionalCenterMortgageMember 2016-12-31 0000912242 mac:FashionOutletsOfChicagoMortgageMember 2017-12-31 0000912242 mac:TheOaksOneMortgageMember 2017-12-31 0000912242 mac:TucsonLaEncantadaMortgageMember 2017-12-31 0000912242 mac:StonewoodCenterMortgageMember 2017-12-31 0000912242 mac:SanTanVillageRegionalCenterMortgageMember 2017-12-31 0000912242 mac:WestsidePavilionMortgageMember 2017-12-31 0000912242 mac:VintageFaireMallMortgageMember 2017-12-31 0000912242 mac:TowneMallMortgageMember 2016-12-31 0000912242 mac:FashionOutletsOfChicagoMortgageMember 2017-01-01 2017-12-31 0000912242 mac:VintageFaireMallMortgageMember 2017-01-01 2017-12-31 0000912242 mac:VintageFaireMallMortgageMember 2016-12-31 0000912242 mac:TowneMallMortgageMember 2017-01-01 2017-12-31 0000912242 mac:KingsPlazaMortgageMember 2017-12-31 0000912242 mac:DanburyFairMallMortgageMember 2017-01-01 2017-12-31 0000912242 mac:KingsPlazaMortgageMember 2016-12-31 0000912242 mac:TucsonLaEncantadaMortgageMember 2016-12-31 0000912242 mac:FashionOutletsAtNiagaraMortgageMember 2017-12-31 0000912242 mac:FashionOutletsAtNiagaraMortgageMember 2016-12-31 0000912242 mac:FreeholdRacewayMallMortgageMember 2017-01-01 2017-12-31 0000912242 mac:TheMallAtNorthgateMortgageMember 2017-12-31 0000912242 mac:TucsonLaEncantadaMortgageMember 2017-01-01 2017-12-31 0000912242 mac:DanburyFairMallMortgageMember 2017-12-31 0000912242 mac:PacificViewMortgageMember 2017-12-31 0000912242 mac:TheOaksOneMortgageMember 2016-12-31 0000912242 mac:TowneMallMortgageMember 2017-12-31 0000912242 mac:GreenAcresMallMortgageMember 2016-12-31 0000912242 mac:FashionOutletsAtNiagaraMortgageMember 2017-01-01 2017-12-31 0000912242 mac:MallOfVictorValleyMortgageMember 2016-12-31 0000912242 mac:SanTanVillageRegionalCenterMortgageMember 2017-01-01 2017-12-31 0000912242 mac:WestsidePavilionMortgageMember 2017-01-01 2017-12-31 0000912242 mac:GreenAcresCommonsMember 2016-12-31 0000912242 mac:SantaMonicaPlaceMortgageMember 2017-01-01 2017-12-31 0000912242 mac:TheMallAtNorthgateMortgageMember 2016-12-31 0000912242 mac:FresnoFashionFairMember 2016-12-31 0000912242 mac:TheMallAtNorthgateMortgageMember 2017-01-01 2017-12-31 0000912242 mac:ChandlerFashionCenterMortgageMember 2017-01-01 2017-12-31 0000912242 mac:StonewoodCenterMortgageMember 2017-01-01 2017-12-31 0000912242 mac:MallOfVictorValleyMortgageMember 2017-01-01 2017-12-31 0000912242 mac:PacificViewMortgageMember 2017-01-01 2017-12-31 0000912242 mac:FresnoFashionFairMember 2017-01-01 2017-12-31 0000912242 mac:QueensCenterMember 2017-01-01 2017-12-31 0000912242 mac:SantaMonicaPlaceMortgageMember 2017-12-04 2017-12-04 0000912242 mac:FreeholdRacewayMallMortgageMember us-gaap:CorporateJointVentureMember 2017-10-19 0000912242 mac:SantaMonicaPlaceMortgageMember 2017-12-04 0000912242 mac:FashionOutletsOfChicagoMortgageMember 2017-01-01 2017-12-31 0000912242 mac:GreenAcresCommonsMember 2017-01-01 2017-12-31 0000912242 mac:FreeholdRacewayMallAndChandlerFashionCenterMember 2017-01-01 2017-12-31 0000912242 mac:GreenAcresCommonsMember 2017-09-29 0000912242 mac:SantaMonicaPlaceMortgageMember us-gaap:MaximumMember 2017-12-04 2017-12-04 0000912242 mac:FashionOutletsOfChicagoMortgageMember 2016-12-31 0000912242 us-gaap:SecuredDebtMember 2017-12-31 0000912242 mac:FashionOutletsAtNiagaraMortgageMember 2017-12-31 0000912242 mac:StonewoodCenterMortgageMember 2017-12-31 0000912242 mac:FashionOutletsAtNiagaraMortgageMember 2016-12-31 0000912242 mac:StonewoodCenterMortgageMember 2016-12-31 0000912242 mac:PrasadaNoteMember 2017-12-31 0000912242 mac:PrasadaNoteMember 2016-12-31 0000912242 us-gaap:LineOfCreditMember us-gaap:LondonInterbankOfferedRateLIBORMember 2017-01-01 2017-12-31 0000912242 us-gaap:LineOfCreditMember 2017-12-31 0000912242 us-gaap:LineOfCreditMember 2016-12-31 0000912242 us-gaap:LineOfCreditMember us-gaap:MinimumMember us-gaap:LondonInterbankOfferedRateLIBORMember 2017-01-01 2017-12-31 0000912242 mac:PrasadaNoteMember 2013-03-29 0000912242 us-gaap:LineOfCreditMember 2016-01-01 2016-12-31 0000912242 us-gaap:LineOfCreditMember us-gaap:MaximumMember us-gaap:LondonInterbankOfferedRateLIBORMember 2017-01-01 2017-12-31 0000912242 us-gaap:LineOfCreditMember 2017-01-01 2017-12-31 0000912242 us-gaap:LineOfCreditMember us-gaap:FairValueInputsLevel2Member 2016-12-31 0000912242 us-gaap:UnsecuredDebtMember us-gaap:MinimumMember us-gaap:LondonInterbankOfferedRateLIBORMember 2011-12-08 2011-12-08 0000912242 2015-10-23 2015-10-23 0000912242 mac:PrasadaNoteMember 2013-03-29 2013-03-29 0000912242 us-gaap:UnsecuredDebtMember 2011-12-08 2011-12-08 0000912242 us-gaap:LineOfCreditMember us-gaap:FairValueInputsLevel2Member 2017-12-31 0000912242 us-gaap:UnsecuredDebtMember us-gaap:MaximumMember us-gaap:LondonInterbankOfferedRateLIBORMember 2011-12-08 2011-12-08 0000912242 mac:NotesPayableToBankAndOtherNotesPayableMember 2017-12-31 0000912242 mac:ChandlerFashionCenterMember 2009-09-30 0000912242 mac:FreeholdRacewayMallMember 2009-09-30 0000912242 mac:FreeholdRacewayMallAndChandlerFashionCenterMember 2009-09-30 0000912242 mac:FreeholdRacewayMallAndChandlerFashionCenterMember 2009-09-30 2009-09-30 0000912242 mac:TheMacerichPartnershipLPMember 2016-12-31 0000912242 2014-08-20 0000912242 2015-10-30 2015-10-30 0000912242 2016-05-09 0000912242 2016-04-19 2016-04-19 0000912242 2016-07-11 2016-07-11 0000912242 2016-05-09 2016-05-09 0000912242 2016-05-09 2016-07-11 0000912242 2016-02-17 0000912242 2016-02-17 2016-02-17 0000912242 2016-01-19 2016-01-19 0000912242 2016-02-17 2016-04-19 0000912242 2015-11-12 2015-11-12 0000912242 2015-11-12 0000912242 2015-11-12 2016-01-19 0000912242 mac:A2015StockBuybackProgramMember 2015-09-30 0000912242 mac:FashionOutletsOfChicagoMember us-gaap:CorporateJointVentureMember 2016-08-19 2016-08-19 0000912242 mac:FashionOutletsOfChicagoMember us-gaap:CorporateJointVentureMember 2014-10-31 2014-10-31 0000912242 mac:InlandCenterMember 2014-11-14 0000912242 mac:PPRLPQueensPortfolioMember 2014-11-14 0000912242 mac:MervynsMember 2016-05-31 2016-05-31 0000912242 mac:FlagstaffMallMember 2016-07-15 2016-07-15 0000912242 mac:NorthgateMallMember 2017-01-18 0000912242 mac:NorthMichiganAvenue500Member 2017-11-16 0000912242 mac:GreatNorthernMallMember 2015-06-30 0000912242 mac:CapitolaMallMember 2016-04-13 0000912242 mac:FlagstaffMallTheMarketPlaceAtMember 2016-07-15 0000912242 mac:PanoramaMallMember 2015-11-19 0000912242 mac:CascadeMallMember 2017-01-18 0000912242 mac:CapitolaMallMember 2016-04-13 2016-04-13 0000912242 mac:GreatNorthernMallMortgageMember mac:GreatNorthernMallMember 2015-06-30 2015-06-30 0000912242 mac:UnconsolidatedJointVenturesAndThirdPartyManagedPropertiesMember 2017-01-01 2017-12-31 0000912242 mac:UnconsolidatedJointVenturesAndThirdPartyManagedPropertiesMember 2015-01-01 2015-12-31 0000912242 mac:UnconsolidatedJointVenturesAndThirdPartyManagedPropertiesMember 2016-01-01 2016-12-31 0000912242 us-gaap:NotesReceivableMember mac:FashionOutletsofSanFranciscoMember us-gaap:AffiliatedEntityMember us-gaap:LondonInterbankOfferedRateLIBORMember 2017-12-31 0000912242 mac:UnconsolidatedJointVenturesMember 2017-12-31 0000912242 mac:RelatedPartiesNoteReceivableRedConsolidatedHoldingsLlcMember 2016-12-31 0000912242 mac:RelatedPartiesNoteReceivableRedConsolidatedHoldingsLlcMember 2015-01-01 2015-12-31 0000912242 mac:RelatedPartiesNoteReceivableRedConsolidatedHoldingsLlcMember 2017-01-01 2017-12-31 0000912242 mac:RelatedPartiesNoteReceivableRedConsolidatedHoldingsLlcMember 2016-01-01 2016-12-31 0000912242 us-gaap:NotesReceivableMember mac:FashionOutletsofSanFranciscoMember us-gaap:AffiliatedEntityMember 2015-01-01 2015-12-31 0000912242 mac:UnconsolidatedJointVenturesMember 2016-12-31 0000912242 mac:RelatedPartiesNoteReceivableRedConsolidatedHoldingsLlcMember 2017-12-31 0000912242 us-gaap:NotesReceivableMember mac:FashionOutletsofSanFranciscoMember us-gaap:AffiliatedEntityMember 2017-01-01 2017-12-31 0000912242 us-gaap:NotesReceivableMember mac:FashionOutletsofSanFranciscoMember us-gaap:AffiliatedEntityMember 2016-12-31 0000912242 us-gaap:NotesReceivableMember mac:FashionOutletsofSanFranciscoMember us-gaap:AffiliatedEntityMember 2016-01-01 2016-12-31 0000912242 us-gaap:NotesReceivableMember mac:FashionOutletsofSanFranciscoMember us-gaap:AffiliatedEntityMember 2017-12-31 0000912242 mac:StockUnitsMember 2015-01-01 2015-12-31 0000912242 mac:StockUnitsMember 2015-12-31 0000912242 mac:StockUnitsMember 2016-12-31 0000912242 mac:StockUnitsMember 2014-12-31 0000912242 mac:StockUnitsMember 2016-01-01 2016-12-31 0000912242 mac:StockUnitsMember 2017-01-01 2017-12-31 0000912242 mac:StockUnitsMember 2017-12-31 0000912242 mac:StockAwardsMember 2016-12-31 0000912242 mac:StockAwardsMember 2015-12-31 0000912242 mac:StockAwardsMember 2015-01-01 2015-12-31 0000912242 mac:StockAwardsMember 2014-12-31 0000912242 mac:StockAwardsMember 2017-12-31 0000912242 mac:StockAwardsMember 2016-01-01 2016-12-31 0000912242 mac:StockAwardsMember 2017-01-01 2017-12-31 0000912242 us-gaap:PhantomShareUnitsPSUsMember 2016-01-01 2016-12-31 0000912242 us-gaap:PhantomShareUnitsPSUsMember 2015-01-01 2015-12-31 0000912242 us-gaap:EmployeeStockOptionMember 2016-01-01 2016-12-31 0000912242 us-gaap:EmployeeStockOptionMember 2017-01-01 2017-12-31 0000912242 mac:LongTermIncentivePlanMember 2016-01-01 2016-12-31 0000912242 us-gaap:PhantomShareUnitsPSUsMember 2017-01-01 2017-12-31 0000912242 mac:LongTermIncentivePlanMember 2015-01-01 2015-12-31 0000912242 mac:LongTermIncentivePlanMember 2017-01-01 2017-12-31 0000912242 us-gaap:EmployeeStockOptionMember 2015-01-01 2015-12-31 0000912242 us-gaap:StockAppreciationRightsSARSMember 2015-01-01 2015-12-31 0000912242 us-gaap:StockAppreciationRightsSARSMember 2016-01-01 2016-12-31 0000912242 us-gaap:StockAppreciationRightsSARSMember 2017-12-31 0000912242 us-gaap:StockAppreciationRightsSARSMember 2014-12-31 0000912242 us-gaap:StockAppreciationRightsSARSMember 2015-12-31 0000912242 us-gaap:StockAppreciationRightsSARSMember 2016-12-31 0000912242 us-gaap:StockAppreciationRightsSARSMember 2017-01-01 2017-12-31 0000912242 mac:LongTermIncentivePlanMember 2014-12-31 0000912242 mac:LongTermIncentivePlanMember 2016-12-31 0000912242 mac:LongTermIncentivePlanMember 2015-12-31 0000912242 mac:LongTermIncentivePlanMember 2017-12-31 0000912242 us-gaap:EmployeeStockOptionMember 2015-12-08 0000912242 mac:EquityIncentivePlan2003Member 2017-12-31 0000912242 mac:StockAppreciationRightsSARSAwardedPriorTo2012Member 2017-01-01 2017-12-31 0000912242 mac:LongTermIncentivePlanMember mac:A2015LTIPUnitsSeries1Member 2015-01-01 2015-01-01 0000912242 mac:LongTermIncentivePlanMember us-gaap:ShareBasedCompensationAwardTrancheThreeMember 2016-03-04 2016-03-04 0000912242 mac:EquityIncentivePlan2003Member 2017-01-01 2017-12-31 0000912242 mac:LongTermIncentivePlanMember mac:A2015LTIPUnitsSeries3Member 2015-03-06 2015-03-06 0000912242 mac:NonqualifiedStockOptionsMember 2017-05-30 2017-05-30 0000912242 mac:LongTermIncentivePlanMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2017-01-01 2017-01-01 0000912242 mac:LongTermIncentivePlanMember 2015-01-01 2015-01-01 0000912242 mac:LongTermIncentivePlanMember 2017-06-01 2017-06-01 0000912242 us-gaap:EmployeeStockOptionMember 2016-01-06 0000912242 us-gaap:StockAppreciationRightsSARSMember 2016-01-06 0000912242 mac:LongTermIncentivePlanMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2017-01-01 2017-01-01 0000912242 mac:EmployeeStockPurchasePlanMember 2017-12-31 0000912242 us-gaap:EmployeeStockOptionMember 2012-01-01 2012-12-31 0000912242 mac:LongTermIncentivePlanMember 2017-01-01 2017-01-01 0000912242 mac:NonqualifiedStockOptionsMember 2017-05-30 0000912242 us-gaap:StockAppreciationRightsSARSMember 2015-12-08 0000912242 mac:DirectorsPhantomStockPlanMember 2017-12-31 0000912242 mac:LongTermIncentivePlanMember 2016-01-01 2016-01-01 0000912242 us-gaap:EmployeeStockOptionMember 2012-12-31 0000912242 mac:EmployeeStockPurchasePlanMember 2017-01-01 2017-12-31 0000912242 mac:LongTermIncentivePlanMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2016-01-01 2016-01-01 0000912242 mac:LongTermIncentivePlanMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2017-06-01 2017-06-01 0000912242 us-gaap:PhantomShareUnitsPSUsMember 2017-12-31 0000912242 mac:DirectorsPhantomStockPlanMember 2017-01-01 2017-12-31 0000912242 us-gaap:EmployeeStockOptionMember 2017-12-31 0000912242 mac:LongTermIncentivePlanMember mac:A2015LTIPUnitsSeries2Member 2015-01-01 2015-01-01 0000912242 mac:LongTermIncentivePlanMember us-gaap:ShareBasedCompensationAwardTrancheThreeMember 2017-03-03 2017-03-03 0000912242 mac:StockAwardsAndStockUnitsMember 2017-01-01 2017-12-31 0000912242 mac:StockAwardsAndStockUnitsMember 2015-01-01 2015-12-31 0000912242 mac:StockAppreciationRightsSARSAwardedPriorTo2012Member 2017-12-31 0000912242 mac:LongTermIncentivePlanMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2017-06-01 2017-06-01 0000912242 mac:LongTermIncentivePlanMember 2014-01-01 2014-01-01 0000912242 us-gaap:StockAppreciationRightsSARSMember 2015-12-07 0000912242 us-gaap:EmployeeStockOptionMember 2015-12-09 0000912242 mac:LongTermIncentivePlanMember 2015-12-31 2015-12-31 0000912242 mac:LongTermIncentivePlanMember 2016-01-07 2016-01-07 0000912242 mac:StockAwardsAndStockUnitsMember 2016-01-01 2016-12-31 0000912242 mac:LongTermIncentivePlanMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2016-01-01 2016-01-01 0000912242 us-gaap:PhantomShareUnitsPSUsMember 2014-12-31 0000912242 us-gaap:PhantomShareUnitsPSUsMember 2015-12-31 0000912242 us-gaap:PhantomShareUnitsPSUsMember 2016-12-31 0000912242 us-gaap:EmployeeStockOptionMember 2015-12-31 0000912242 us-gaap:EmployeeStockOptionMember 2016-12-31 0000912242 us-gaap:EmployeeStockOptionMember 2014-12-31 0000912242 mac:DefinedContributionPlanMember 2017-01-01 2017-12-31 0000912242 mac:DefinedContributionPlanMember 2017-12-31 0000912242 mac:DefinedContributionPlanMember 2013-02-28 0000912242 mac:DefinedContributionPlanMember 2016-01-01 2016-12-31 0000912242 mac:DeferredCompensationPlansMember 2015-01-01 2015-12-31 0000912242 mac:DefinedContributionPlanMember 1999-02-01 0000912242 mac:DefinedContributionPlanMember 2015-01-01 2015-12-31 0000912242 mac:DeferredCompensationPlansMember 2017-01-01 2017-12-31 0000912242 mac:DeferredCompensationPlansMember 2016-01-01 2016-12-31 0000912242 2016-07-01 2016-09-30 0000912242 2016-01-01 2016-03-31 0000912242 2016-04-01 2016-06-30 0000912242 2017-04-01 2017-06-30 0000912242 2017-10-01 2017-12-31 0000912242 2017-01-01 2017-03-31 0000912242 2017-07-01 2017-09-30 0000912242 2016-10-01 2016-12-31 0000912242 us-gaap:SubsequentEventMember 2018-01-26 2018-01-26 0000912242 mac:FashionDistrictPhiladelphiaMember us-gaap:CorporateJointVentureMember us-gaap:SubsequentEventMember 2018-01-22 2018-01-22 0000912242 mac:BroadwayPlazaMember us-gaap:CorporateJointVentureMember us-gaap:SubsequentEventMember 2018-02-05 0000912242 mac:BroadwayPlazaMember us-gaap:CorporateJointVentureMember us-gaap:SubsequentEventMember 2018-02-05 2018-02-05 0000912242 mac:FashionDistrictPhiladelphiaMember us-gaap:LoansPayableMember us-gaap:CorporateJointVentureMember us-gaap:SubsequentEventMember 2018-01-22 2018-01-22 0000912242 mac:FashionDistrictPhiladelphiaMember us-gaap:LoansPayableMember us-gaap:CorporateJointVentureMember us-gaap:SubsequentEventMember 2018-01-22 0000912242 mac:FashionDistrictPhiladelphiaMember us-gaap:LoansPayableMember us-gaap:CorporateJointVentureMember us-gaap:ScenarioForecastMember us-gaap:SubsequentEventMember 2018-01-01 2018-03-31 0000912242 mac:GreenAcresMallMember 2017-12-31 0000912242 mac:ValleyMallMember 2017-12-31 0000912242 mac:VictorValleyMallOfMember 2017-12-31 0000912242 mac:NorthparkMallMember 2017-12-31 0000912242 mac:FashionOutletsOfChicagoMember 2017-12-31 0000912242 mac:PacificViewMember 2017-12-31 0000912242 mac:SouthRidgeMallMember 2017-12-31 0000912242 mac:DanburyFairMallMember 2017-12-31 0000912242 mac:ChandlerFashionCenterMember 2017-12-31 0000912242 mac:StonewoodCenterMember 2017-12-31 0000912242 mac:MacerichManagementCompanyMember 2017-12-31 0000912242 mac:OtherAssetsAndDevelopmentPropertiesMember 2017-12-31 0000912242 mac:DesertSkyMallMember 2017-12-31 0000912242 mac:ParadiseValleyMallMember 2017-12-31 0000912242 mac:InlandCenterMember 2017-12-31 0000912242 mac:WestsidePavilionMember 2017-12-31 0000912242 mac:TheMacerichPartnershipLPMember 2017-12-31 0000912242 mac:TucsonLaEncantadaMember 2017-12-31 0000912242 mac:TheOaksMember 2017-12-31 0000912242 mac:WiltonMallMemberMember 2017-12-31 0000912242 mac:FlagstaffMallTheMarketPlaceAtMember 2017-12-31 0000912242 mac:KingsPlazaMember 2017-12-31 0000912242 mac:PromenadeAtCasaGrandeMember 2017-12-31 0000912242 mac:VintageFaireMallMember 2017-12-31 0000912242 mac:LaCumbrePlazaMember 2017-12-31 0000912242 mac:FashionOutletsOfNiagaraMember 2017-12-31 0000912242 mac:ValleyRiverCenterMember 2017-12-31 0000912242 mac:SantaMonicaPlaceMember 2017-12-31 0000912242 mac:TheShopsAtTangerineMaranaMember 2017-12-31 0000912242 mac:TowneMallMember 2017-12-31 0000912242 mac:EastlandMallMember 2017-12-31 0000912242 mac:SanTanAdjacentLandMember 2017-12-31 0000912242 mac:MACWHLPMember 2017-12-31 0000912242 mac:EstrellaFallsTheMarketAtMember 2017-12-31 0000912242 mac:SuperstitionSpringsCenterMember 2017-12-31 0000912242 mac:SanTanVillageRegionalCenterMember 2017-12-31 0000912242 mac:FreestandingStoreMember 2017-12-31 0000912242 mac:SuperstitionSpringsPowerCenterMember 2017-12-31 0000912242 mac:SouthParkMallMember 2017-12-31 0000912242 mac:FreeholdRacewayMallMember 2017-12-31 mac:form mac:segment xbrli:shares iso4217:USD xbrli:pure mac:area mac:entity iso4217:USD xbrli:shares mac:store utreg:sqft mac:dividend mac:extension_periods false --12-31 FY 2017 2017-12-31 10-K 0000912242 140852118 Yes Large Accelerated Filer 8200000000 MACERICH CO No Yes 300000000 4140788 4222193 970609 5111397 861235 5083428 3964812 1104162 5068974.000 269815000 261426000 -10681000 -5254000 -2094000 9752000 50000000 5782000 91871000 0.50 0 31150000 500000 3.64 3.24 0.51 0.752 0.714 0.178 1.000 1.000 1.000 1.20 0.94 1.98 0.248 0.208 0.690 0.21 4.84 4.54 2.87 0.00 0.00 0.00 0.000 0.000 0.000 0.00 0.36 0.38 0.000 0.078 0.132 880482000 932184000 991701000 782651000 758982000 747873000 710616000 P15Y P1Y P15Y P1Y 3246000 2531000 0.03 0.02 1 0.5 12500000 0 0 9615000 13907000 15558000 105640000 444095000 267964000 23498000 18165000 103752000 5619000 17610000 16562000 265863000 482332000 172647000 165795000 6852000 274508000 234704000 39804000 284611000 243271000 41340000 150626000 133707000 16919000 360378000 251498000 108880000 352546000 250921000 101625000 1883348000 1798240000 -3000 -3000 0 311194000 9850000 9850000 0 -375000 101629000 -375000 0 33825000 33861000 -36000 88727000 78279000 10448000 187669000 123043000 64626000 198767000 131714000 67053000 29372000 16898000 17898000 315093000 293921000 21172000 600284000 471139000 129145000 636182000 501732000 134450000 412000000 377781000 34219000 822555000 609245000 213310000 835924000 625906000 210018000 614607000 635838000 403369000 405052000 35113000 33931000 1182000 56240000 49937000 6303000 57726000 51767000 5959000 15757000 13188000 2569000 20917000 15480000 5437000 18916000 13866000 5050000 9176642000 9052105000 5224713000 5296594000 137467000 129059000 8408000 235144000 187288000 47856000 235634000 189059000 46575000 1694932000 1626036000 0.40 0.49 0.40 181851000 164040000 32384000 25958000 5436000 14853000 1807000 4546000 1564000 -852000 378248000 415348000 24894000 -3066000 42446000 1487000 1709000 0 -11804000 -13382000 -13629000 736000 716000 78626000 83486000 0.50 0.50 0.499 P1Y 2000000000 19679000 31844000 34663000 0.05 0.015 26254000 39464000 43394000 500000000 733141000 671592000 P10D 130000000 486069000 516216000 145373000 76250000 0 0 23000 23000 90000 90000 30000 30000 0.0525 0.02 0.065 0.05 2 3 7 3 11138000 0 0 0 10012000 0 0.499 646898000 724275000 255294000 292870000 160000000 545643000 478608000 129496000 354977000 277270000 277917000 172225000 318113000 111515000 392575000 254604000 202280000 46574000 0 0 12000 0 0 0 0 0 0 0 0 0 0 20000000 0 0 26562000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2480801000 1735049000 283958000 3908976000 199833000 107928000 115762000 198966000 220643000 323062000 0 297798000 456958000 114559000 127311000 600000000 127724000 219564000 99520000 63434000 201235000 21570000 0 269228000 143881000 4066511000 199904000 104598000 112770000 199298000 398050000 323261000 107219000 291366000 447231000 114617000 124397000 600000000 124703000 296366000 0 0 196732000 21161000 0 263818000 141020000 1.30 59.57 61.17 59.57 9.67 7.68 9.67 P10Y P10Y 1 1 1 1 9951 10185 0 55.13 53.88 0.00 0.03 246 251 0 58.15 56.77 0.00 14189000 0.5 1493000 779000 757000 1538000 1046000 78.26 78.69 78.91 -400000000 -400000000 -400000000 136998000 112653000 61316000 58412000 9509000 8711000 0 -42000 4593229000 4510489000 34375000 26622000 252000 6041000 16000 1444000 40529000 32957000 20000 6305000 16000 1231000 37005000 30161000 0 6045000 85000 714000 1991000 2786000 -16510000 -12815000 -964000 -20232000 -4048000 -3277000 69460000 33048000 19988000 10562154 139186 10721271 133366 10416321 90619 895000 1318000 1671000 559000 869000 2070000 1305000 1128000 1442000 1040000 1433000 847000 1197000 1001000 586000 347000 589000 750000 326000 312000 9958148000 9605862000 0 6200000 43500000 49700000 0 0 86100000 86100000 0 38000000 0 38000000 58400000 55489000 23524000 11657000 5201000 6286000 8016000 10400000 144713000 120573000 86313000 65084000 1 1 69987000 51250000 150000000 660000000 23800000 -12180000 107405000 4905000 54905000 52500000 26250000 0.50 22089000 22089000 0 0 84907000 86510000 94046000 91038000 1603000 7536000 -3008000 150000 4.63 2.00 2.00 0.74 6.63 2.75 2.87 0.01 0.01 0.01 250000000 250000000 158201996 154404986 143958036 143985036 140993985 140993985 143958036 140993985 1440000 1410000 487562000 516995000 146088000 522912000 554839000 161631000 52983000 49484000 43726000 40121000 1559000 12448000 16797000 379815000 307623000 295190000 1202157000 944617000 930758000 6484000 6484000 6484000 6484000 0 176000 -185000 0.032 0.0195 0.0135 0.04 0.020 0.015 0.0215 0.019 0.013 0.0145 5521000 4732000 939732000 4253288000 450000000 250000000 5786000 4717000 0.0243 0.0394 0.0377 0.0553 0.0489 0.0302 0.0367 0.0407 0.0361 0.0367 0.0400 0.0408 0.0349 0.0314 0.0313 0.0414 0.0448 0.0423 0.0355 0.0449 0.0388 0.0525 0.0418 625000 1538000 727000 477000 1300000 971000 322000 1447000 2229000 380000 668000 1744000 589000 706000 1064000 117000 368000 1256000 783000 P12Y -5907000 -2630000 -2630000 3558000 2349000 2630000 0 42711000 52221000 478058000 449190000 239983000 232819000 12716000 10039000 17838000 7548000 7548000 58973000 58973000 0 168154000 393700000 -3223000 546000 15779000 56761000 61859000 38301000 29006000 22335000 21398000 12720000 5077000 933000 3299000 1032000 3384000 1069000 3481000 464472000 348488000 335431000 471320000 355358000 341275000 354977000 277270000 277917000 11000 0.0400 289966000 366996000 0 296000 0 268000 57061000 285000 250000 0 34000 0 471000 2946000 45000 196186000 642000 5304000 7175000 0 48384000 511000 929000 0 474000 7013000 3102000 1097000 445000 111000 0 0 0 15484000 165000 10774000 90000 33000 0 513000 0 223000 6685000 0 73726000 24894000 -3066000 59577000 14597000 1050562000 1050562000 1050562000 405501000 405501000 405501000 407895000 407895000 407895000 337703000 0 0 68227000 5593000 -6809000 82162000 4796000 5411000 3.08 2.77 0.31 0.09 0.26 3.52 0.48 0.19 0.12 0.23 1.02 3.08 2.76 0.31 0.09 0.26 3.52 0.48 0.19 0.12 0.23 1.02 6008000 7241000 6206000 286000 3239000 176000 324000 -584887000 -562021000 4541000 7248000 463000 0.450 0.500 0.500 0.501 0.375 0.501 0.500 0.500 0.125 0.500 0.500 0.510 0.500 0.600 0.500 0.500 0.600 0.500 0.500 0.500 0.401 0.500 0.500 0.500 0.500 0.500 0.190 0.382 0.333 0.50 0.40 0.49 0.40 9791249000 3179255000 9687943000 3106105000 1887952000 1872227000 9791249000 9687943000 101277000 102165000 -888000 89655000 114224000 -24569000 146359000 164379000 -18020000 503430000 470099000 33331000 912585000 723844000 188741000 948458000 756424000 192034000 2279819000 2188057000 1773558000 1709522000 4161000 0.090 0.100 0.070 0.095 0.150 0.080 150.00 5.00 20.00 2.00 140437000 108432000 57505000 88785000 60210000 74507000 15183000 63054000 13165000 11109000 5136000 5370000 6866000 6944000 8418000 8088000 11115000 9265000 181851000 164040000 124346000 59883000 103830000 177036000 187998000 5762000 9257000 1334000 2199000 0 4131000 2354000 2000 8789000 321000 2428000 9264000 61000 28137000 426000 0 66598000 504000 0 2262000 2606000 76000 2478000 0 1562000 8071000 415000 99000 100000 466000 83000 10823000 3099000 0 518000 597000 378000 1954000 2104000 1777000 5820000 1143000 2336000 2290000 4580000 6539000 13078000 340734000 101629000 378248000 415348000 42446000 -1627000 -578000 5284000 1487000 1709000 0 29870000 28217000 28240000 9963000 39671000 22108000 522912000 554839000 161673000 45164000 43755000 1409000 56941000 60029000 -3088000 85546000 85999000 -453000 -3223000 722000 15594000 0 0 14189000 -3632000 -1786000 -712000 829000 2668000 2226000 -420000 -160000 -109000 7025000 -15983000 13982000 -4014000 -8929000 -5822000 -1908000 7585000 6508000 33902000 28074000 31655000 698000 -22227000 -9802000 -13892000 20033000 4414000 30888000 10953000 2116000 144000 112000 36000 13052000 10316000 13160000 211943000 163675000 171776000 201428000 154702000 163045000 520000 1872000 366000 2234000 268000 2513000 231106000 153838000 168493000 6511741000 6385035000 1607590000 1567152000 30491000 60588000 5530980000 5637863000 9958148000 9605862000 50000000 0 0 885000000 935000000 865921000 919158000 0.0240 0.0313 1500000000 22089000 0 0 932184000 1674156000 830000 49800000 802552000 937105000 401733000 922000 528456000 875000 796591000 10138000 10064000 17937000 19105000 321281000 286421000 74677000 74677000 35677000 35677000 35944000 35944000 456000 343000 113000 343000 30000 23000 7000 23000 920000 615000 305000 615000 0.07 0.07 0.93 0.93 110000000 300000000 400000000 -452329000 -865111000 -566269000 -101024000 443113000 176872000 554956000 429534000 386389000 35350000 37844000 15543000 487562000 420915000 45222000 13730000 37128000 516995000 69243000 26638000 17498000 32751000 146130000 25000000 713000000 330000000 320000000 0 2928000 -2928000 2928000 0 24346000 -24346000 24346000 0 -2613000 2613000 -2613000 1782455000 997695000 0 4126819000 4250816000 176442000 0 107929000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 68513000 0 0 171569000 0 104599000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 66970000 0 0 6500000 3103000 69443000 71955000 34149000 37000000 0 1 1 9 255350000 10461000 9021000 8999000 9351000 9334000 208184000 2794216000 508750000 283600000 332080000 386803000 432248000 850735000 759603000 616295000 594030000 0 0 0 17938000 16495000 18499000 366165000 325701000 72206000 66990000 0 0 -42000 -42000 -42000 61470000 59328000 55819000 92340000 98323000 100121000 400144000 800018000 221428000 14579000 12028000 0 787109000 779308000 443839000 11805000 10584000 8500000 272334000 211616000 160343000 26250000 426186000 430428000 117538000 26250000 0 0 53335000 47863000 41807000 456000 30000 920000 25693000 20902000 17124000 1833000 3677000 7073000 98000000 1258643000 771478000 289496000 93000000 3200000 170000000 86350000 125000000 13330000 4080671000 3201138000 1430000000 150000000 100000000 23000 90000 30000 -1593000 0 0 78000000 61500000 1512000 1697000 1868000 522912000 35350000 487562000 487562000 554839000 37844000 516995000 516995000 161673000 15543000 146130000 146130000 4698000 3586000 4314000 1709992000 1892744000 1851901000 2018303000 105891000 143969000 10315000 28798000 1181000 45946000 62663000 21980000 176715000 15929000 53177000 81986000 12618000 75113000 24061000 9121000 57437000 17512000 1904000 68254000 74731000 39735000 88343000 0 87621000 118272000 12497000 5046000 29927000 15896000 1889000 2559000 138052000 0 15066000 42637000 8258000 60194000 49257000 70638000 106511000 36604000 7005387000 236717000 409658000 40886000 160977000 14254000 217945000 304202000 45838000 474036000 41576000 113147000 464133000 106983000 466529000 46096000 27455000 15094000 84284000 4252000 137572000 155485000 61849000 1063912000 0 195690000 403953000 62511000 12290000 311163000 120392000 4627000 0 350325000 0 35221000 75618000 40005000 168840000 121774000 115179000 201512000 93407000 1567152000 24188000 142751000 9082000 22066000 10747000 40575000 22936000 0 168098000 5927000 17966000 179274000 10291000 195701000 17280000 11557000 3878000 7885000 31582000 7854000 39382000 3900000 256786000 30506000 5839000 48374000 7479000 2676000 4935000 10928000 1618000 0 56387000 16922000 6877000 12800000 15616000 24854000 20080000 17645000 34100000 19810000 2771351000 19336000 114644000 4598000 11855000 71512000 262936000 101022000 45840000 123130000 10113000 43852000 177943000 25509000 171964000 24830000 18545000 54558000 10266000 50423000 130806000 36472000 50736000 32254000 8105000 198366000 329495000 25600000 8412000 8723000 8140000 290000 23773000 260520000 -8462000 4870000 56549000 13856000 23592000 53028000 59390000 77198000 26762000 4853839000 223143000 316951000 37245000 151605000 0 0 210139000 0 362841000 31785000 72194000 321034000 83550000 485548000 21492000 25771000 10475000 74661000 0 8696000 128485000 0 1039922000 0 0 105600000 38215000 0 302527000 112718000 4420000 2534000 117156000 0 31184000 19699000 26098000 147715000 75230000 60532000 136819000 67855000 1455769000 24188000 130367000 9447000 22050000 10550000 0 18581000 0 164986000 5926000 17966000 156640000 8321000 209041000 18122000 0 1150000 7746000 33795000 8697000 33445000 15089000 251474000 29414000 7827000 26400000 7035000 6764000 4948000 10928000 1618000 0 32300000 36158000 6652000 12800000 16045000 24854000 15700000 14902000 34100000 19743000 P7Y P5Y P7Y P5Y P40Y P5Y 8551235000 12777882000 10689656000 9209211000 9127533000 266667000 561962000 51302000 185510000 82062000 262936000 329742000 45840000 650957000 47824000 134012000 655617000 117380000 886553000 64444000 44316000 92745000 92673000 84218000 148199000 198402000 65825000 1323650000 37519000 206193000 461495000 70850000 15176000 316198000 131786000 6328000 26307000 409976000 27696000 42706000 89048000 55999000 196161000 143958000 134824000 248117000 114360000 1851901000 2018303000 9209211000 9127533000 7357310000 7109230000 10515000 8973000 8731000 50000000 3284213000 2437891000 1219728000 49951000 52067000 -488782000 -830279000 424850000 1288149000 256000000 259904000 253367000 272000000 1041271000 247045000 247423000 242451000 256743000 993662000 7109230000 160776000 417993000 40987000 156712000 80881000 216990000 267079000 23860000 474242000 31895000 80835000 573631000 104762000 811440000 40383000 35195000 35308000 75161000 82314000 79945000 123671000 26090000 1235307000 37519000 118572000 343223000 58353000 10130000 286271000 115890000 4439000 23748000 271924000 27696000 27640000 46411000 47741000 135967000 94701000 64186000 141606000 77756000 4085418000 4238080000 4238080000 28367000 33288000 30799000 P3Y 0.15 0 2809 2458 0 0 0 0 2695 0 86.72 55.62 0.00 0.00 0.00 0.00 69.57 0.00 49451 186450 132607 58786 266899 154686 66079 297849 134742 1522 6714 25000 424442 0 77282 13351 0 480371 0 85601 21088 0 506906 0 86827 8760 0 83.41 66.37 86.72 80.69 53.32 79.20 70.84 47.15 66.57 58.31 39.66 10.02 74.71 0.00 86.53 78.72 0.00 65.00 0.00 79.22 80.21 0.00 55.33 0.00 66.46 68.93 0.00 46695 9189 144374 9269 56315 1612 132086 0 322572 0 148428 5845 636632 0 151355 4054 58.89 59.25 59.94 58.35 56.67 73.24 62.01 74.58 0.00 55.13 58.18 0.00 78.53 81.47 53.85 52.36 0.00 73.32 79.82 53.83 56.49 55.13 53.85 55934 414822 7577 86761 20162 214114 1612 69259 15243 192846 0 81205 10551 8794000 5644000 5257000 73.13 58.67 61.29 72.17 56.86 77.45 62.01 71.82 79.73 53.73 69.93 0.00 75.62 71.69 53.95 0.0493 0.0369 0.0523 0.0369 0.1681 0.2031 0.2075 0.2140 0.3019 0.2585 0.2252 0.2585 0.0025 0.0132 0.0149 0.0145 0.0208 0.0120 0.0315 0.0120 364807 143822 48707 772639 417783 284146 235439 407823 417783 427968 500000 750000 19825428 169755 450306 6176479 0 0 25000 0.00 0.00 57.55 10068 10314 10565 35565 10068 10314 10565 59.57 58.15 56.77 57.32 59.57 58.15 56.77 0.00 0.00 0.00 57.55 P8Y P8Y P8Y P8Y 79556 535243 499813 23036 28147 38832 241186 139671 97694 0 0 0 0 1558000 1000 -1559000 1559000 0 12443000 5000 -12448000 12448000 0 16792000 5000 -16797000 16797000 1512000 1512000 1512000 1697000 1697000 1697000 1868000 1868000 1868000 34375000 34373000 2000 34375000 40529000 40527000 2000 40529000 37005000 37004000 1000 37005000 1200000000 400000000 400000000 400000000 4140788 11123011 3627390 400144000 153602000 41000 400144000 246501000 800018000 412391000 111000 800018000 387516000 221428000 135176000 36000 221428000 86216000 4105887000 3681578000 6039849000 5041797000 1582000 399729000 5640120000 596741000 5071239000 4926630000 1544000 355825000 4715414000 -212760000 4427168000 0 4593229000 1440000 321281000 4105887000 -488782000 3967999000 -42000 4510489000 1410000 286421000 3681578000 -830279000 1593000 1593000 1593000 -7192000 -5237000 -8597000 622878000 620352000 415129000 305282000 283295000 25204000 0 0 307582000 376445000 68863000 288881000 349467000 60586000 209158000 75913000 133245000 202141000 72705000 129436000 158060000 146711000 141913000 157916000 146599000 141877000 <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Capitalization of Costs:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company capitalizes costs incurred in redevelopment, development, renovation and improvement of properties. The capitalized costs include pre-construction costs essential to the development of the property, development costs, construction costs, interest costs, real estate taxes, salaries and related costs and other costs incurred during the period of development. These capitalized costs include direct and certain indirect costs clearly associated with the project. Indirect costs include real estate taxes, insurance and certain shared administrative costs. In assessing the amounts of direct and indirect costs to be capitalized, allocations are made to projects based on estimates of the actual amount of time spent on each activity. Indirect costs not clearly associated with specific projects are expensed as period costs. Capitalized indirect costs are allocated to development and redevelopment activities based on the square footage of the portion of the building not held available for immediate occupancy. If costs and activities incurred to ready the vacant space cease, then cost capitalization is also discontinued until such activities are resumed. Once work has been completed on a vacant space, project costs are no longer capitalized. For projects with extended lease-up periods, the Company ends the capitalization when significant activities have ceased, which does not exceed the shorter of a one-year period after the completion of the building shell or when the construction is substantially complete.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">Co-Venture Arrangement</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2009</font><font style="font-family:inherit;font-size:10pt;">, the Company formed a joint venture, whereby a third party acquired a </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">49.9%</font><font style="font-family:inherit;font-size:10pt;"> interest in </font><font style="font-family:inherit;font-size:10pt;">Freehold Raceway Mall</font><font style="font-family:inherit;font-size:10pt;">, a </font><font style="font-family:inherit;font-size:10pt;">1,671,000</font><font style="font-family:inherit;font-size:10pt;"> square foot </font><font style="font-family:inherit;font-size:10pt;">regional shopping center</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;">Freehold</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">New Jersey</font><font style="font-family:inherit;font-size:10pt;">, and Chandler Fashion Center, a </font><font style="font-family:inherit;font-size:10pt;">1,318,000</font><font style="font-family:inherit;font-size:10pt;"> square foot </font><font style="font-family:inherit;font-size:10pt;">regional shopping center</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;">Chandler</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">Arizona</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As a result of the Company having certain rights under the agreement to repurchase the assets after the seventh year of the venture formation, the transaction did not qualify for sale treatment. The Company, however, is not obligated to repurchase the assets. The transaction has been accounted for as a profit-sharing arrangement, and accordingly the assets, liabilities and operations of the properties remain on the books of the Company and a co-venture obligation was established for the amount of </font><font style="font-family:inherit;font-size:10pt;">$168,154</font><font style="font-family:inherit;font-size:10pt;">, representing the net cash proceeds received from the third party less costs allocated to the warrant. The co-venture obligation was increased for the allocation of income to the co-venture partner and decreased for distributions to the co-venture partner. On </font><font style="font-family:inherit;font-size:10pt;">October&#160;19, 2017</font><font style="font-family:inherit;font-size:10pt;">, the joint venture replaced the existing loan on </font><font style="font-family:inherit;font-size:10pt;">Freehold Raceway Mall</font><font style="font-family:inherit;font-size:10pt;"> with a new </font><font style="font-family:inherit;font-size:10pt;">$400,000</font><font style="font-family:inherit;font-size:10pt;"> loan. The subsequent distribution of a share of the net proceeds from the refinancing to the outside partner exceeded the co-venture obligation. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At December 31, 2017 and 2016, the Company had the following asset and liability related to the co-venture arrangement:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;text-indent:32px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:69%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Asset&#8212;Distributions in excess of co-venture obligation(1)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,150</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Liability&#8212;Co-venture obligation</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58,973</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-indent:48px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">_______________________________________________________________________________</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">8</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Deferred Charges and Other Assets, net</font></div></td></tr></table></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">At December 31, 2017 and 2016, the Company had the following asset and liability related to the co-venture arrangement:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;text-indent:32px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:69%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Asset&#8212;Distributions in excess of co-venture obligation(1)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,150</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Liability&#8212;Co-venture obligation</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58,973</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-indent:48px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">_______________________________________________________________________________</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">8</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Deferred Charges and Other Assets, net</font><font style="font-family:inherit;font-size:10pt;"> </font></div></td></tr></table></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Combined and Condensed Balance Sheets of Unconsolidated Joint Ventures as of December&#160;31:</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:69%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Assets(1):</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,052,105</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,176,642</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other assets</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">635,838</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">614,607</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,687,943</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,791,249</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Liabilities and partners' capital(1):</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mortgage and other notes payable(2)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,296,594</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,224,713</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">405,052</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">403,369</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Company's capital</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,188,057</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,279,819</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Outside partners' capital</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,798,240</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,883,348</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total liabilities and partners' capital</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,687,943</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,791,249</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investment in unconsolidated joint ventures:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Company's capital</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,188,057</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,279,819</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basis adjustment(3)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(562,021</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(584,887</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,626,036</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,694,932</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Assets&#8212;Investments in unconsolidated joint ventures</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,709,522</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,773,558</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Liabilities&#8212;Distributions in excess of investments in unconsolidated joint ventures</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(83,486</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(78,626</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,626,036</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,694,932</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">_______________________________________________________________________________</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:42px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:inherit;font-size:9pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">These amounts include the assets of </font><font style="font-family:inherit;font-size:9pt;">$3,106,105</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">$3,179,255</font><font style="font-family:inherit;font-size:9pt;"> of the </font><font style="font-family:inherit;font-size:9pt;">PPR Portfolio</font><font style="font-family:inherit;font-size:9pt;"> as of </font><font style="font-family:inherit;font-size:9pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">2016</font><font style="font-family:inherit;font-size:9pt;">, respectively, and liabilities of </font><font style="font-family:inherit;font-size:9pt;">$1,872,227</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">$1,887,952</font><font style="font-family:inherit;font-size:9pt;"> of the </font><font style="font-family:inherit;font-size:9pt;">PPR Portfolio</font><font style="font-family:inherit;font-size:9pt;"> as of </font><font style="font-family:inherit;font-size:9pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">2016</font><font style="font-family:inherit;font-size:9pt;">, respectively.</font></div></td></tr></table><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:42px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:inherit;font-size:9pt;">(2)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Included in mortgage and other notes payable are amounts due to affiliates of Northwestern Mutual Life ("NML") of </font><font style="font-family:inherit;font-size:9pt;">$482,332</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">$265,863</font><font style="font-family:inherit;font-size:9pt;"> as of </font><font style="font-family:inherit;font-size:9pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">2016</font><font style="font-family:inherit;font-size:9pt;">, respectively. NML is considered a related party because it is a joint venture partner with the Company in Macerich Northwestern Associates&#8212;Broadway Plaza. Interest expense incurred on these borrowings amounted to </font><font style="font-family:inherit;font-size:9pt;">$17,898</font><font style="font-family:inherit;font-size:9pt;">, </font><font style="font-family:inherit;font-size:9pt;">$16,898</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">$29,372</font><font style="font-family:inherit;font-size:9pt;"> for the years ended </font><font style="font-family:inherit;font-size:9pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:9pt;">, </font><font style="font-family:inherit;font-size:9pt;">2016</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">2015</font><font style="font-family:inherit;font-size:9pt;">, respectively.</font></div></td></tr></table><div style="line-height:120%;padding-left:42px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:42px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:inherit;font-size:9pt;">(3)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">The Company amortizes the difference between the cost of its investments in unconsolidated joint ventures and the book value of the underlying equity into income on a straight-line basis consistent with the lives of the underlying assets. The amortization of this difference was </font><font style="font-family:inherit;font-size:9pt;">$16,562</font><font style="font-family:inherit;font-size:9pt;">, </font><font style="font-family:inherit;font-size:9pt;">$17,610</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">$5,619</font><font style="font-family:inherit;font-size:9pt;"> for the years ended </font><font style="font-family:inherit;font-size:9pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:9pt;">, </font><font style="font-family:inherit;font-size:9pt;">2016</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">2015</font><font style="font-family:inherit;font-size:9pt;">, respectively.</font></div></td></tr></table></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Combined and Condensed Statements of Operations of Unconsolidated Joint Ventures:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:72.12475633528264%;border-collapse:collapse;text-align:left;"><tr><td colspan="14" rowspan="1"></td></tr><tr><td style="width:57%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">PPR Portfolio</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Other</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Joint</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Ventures</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Year Ended December&#160;31, 2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Revenues:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Minimum rents</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">134,450</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">501,732</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">636,182</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Percentage rents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,050</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">13,866</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">18,916</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Tenant recoveries</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">46,575</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">189,059</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">235,634</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,959</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">51,767</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">57,726</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Total revenues</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">192,034</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">756,424</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">948,458</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Expenses:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Shopping center and operating expenses</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">41,340</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">243,271</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">284,611</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">67,053</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">131,714</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">198,767</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Depreciation and amortization</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">101,625</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">250,921</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">352,546</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Total operating expenses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">210,018</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">625,906</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">835,924</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(Loss) gain on sale of assets</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(36</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">33,861</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">33,825</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Net (loss) income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(18,020</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">164,379</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">146,359</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Company's equity in net (loss) income</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(453</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">85,999</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">85,546</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Year Ended December&#160;31, 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Revenues:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Minimum rents</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">129,145</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">471,139</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">600,284</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Percentage rents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,437</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">15,480</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">20,917</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Tenant recoveries</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">47,856</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">187,288</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">235,144</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,303</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">49,937</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">56,240</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Total revenues</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">188,741</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">723,844</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">912,585</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Expenses:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Shopping center and operating expenses</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">39,804</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">234,704</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">274,508</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">64,626</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">123,043</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">187,669</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Depreciation and amortization</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">108,880</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">251,498</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">360,378</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Total operating expenses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">213,310</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">609,245</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">822,555</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Loss on sale of assets</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(375</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(375</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Net (loss) income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(24,569</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">114,224</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">89,655</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Company's equity in net (loss) income</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(3,088</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">60,029</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">56,941</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:68.61598440545808%;border-collapse:collapse;text-align:left;"><tr><td colspan="14" rowspan="1"></td></tr><tr><td style="width:51%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">PPR Portfolio(1)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Other</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Joint</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Ventures</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Year Ended December&#160;31, 2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Revenues:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Minimum rents</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">21,172</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">293,921</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">315,093</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Percentage rents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,569</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">13,188</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">15,757</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Tenant recoveries</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8,408</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">129,059</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">137,467</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,182</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">33,931</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">35,113</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Total revenues</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">33,331</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">470,099</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">503,430</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Expenses:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Shopping center and operating expenses</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,852</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">165,795</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">172,647</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">10,448</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">78,279</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">88,727</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Depreciation and amortization</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">16,919</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">133,707</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">150,626</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Total operating expenses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">34,219</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">377,781</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">412,000</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Gain on sale of assets</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">9,850</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">9,850</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Loss on extinguishment of debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Net (loss) income</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(888</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">102,165</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">101,277</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Company's equity in net income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,409</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">43,755</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">45,164</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">_______________________________________________________________________________</font></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:42px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:inherit;font-size:9pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">These amounts exclude the results of operations from January 1, 2015 to October 29, 2015, as the </font><font style="font-family:inherit;font-size:9pt;">PPR Portfolio</font><font style="font-family:inherit;font-size:9pt;"> was converted from Consolidated Centers to an Unconsolidated Joint Venture Centers effective October 30, 2015, as a result of the PPR Portfolio transaction as discussed above.</font></div></td></tr></table></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The amortization of these values for the next five years and thereafter is as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.84600389863547%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:68%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Year Ending December&#160;31,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Above</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Market</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Below</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Market</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,109</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,657</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,265</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,400</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,088</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,944</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,286</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2022</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,370</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,201</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thereafter</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">63,054</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,524</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">103,830</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">65,084</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company determined that the purchase price represented the fair value of the additional ownership interest in </font><font style="font-family:inherit;font-size:10pt;">Inland Center</font><font style="font-family:inherit;font-size:10pt;"> that was acquired. </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:85%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fair value of existing ownership interest (at 50% ownership)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,250</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Carrying value of investment</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,161</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gain on remeasurement of assets</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,089</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property is recorded at cost and is depreciated using a straight-line method over the estimated useful lives of the assets as follows:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;text-indent:32px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="2" rowspan="1"></td></tr><tr><td style="width:85%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Buildings and improvements</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5&#160;-&#160;40&#160;years</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tenant improvements</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5&#160;-&#160;7&#160;years</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Equipment and furnishings</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5&#160;-&#160;7&#160;years</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table details the components of the distributions, on a per share basis, for the years ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> are as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90.83820662768031%;border-collapse:collapse;text-align:left;"><tr><td colspan="21" rowspan="1"></td></tr><tr><td style="width:29%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016 (1)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015 (1)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ordinary income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.98</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">69.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.94</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.20</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Capital gains</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.51</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17.8</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.24</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">71.4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.64</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">75.2</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unrecaptured Section&#160;1250 gain</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.38</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.36</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Return of capital</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dividends paid</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.87</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.54</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.84</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">_______________________________________________________________________________</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:42px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:inherit;font-size:9pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">During the year ended December 31, 2015, the Company paid cash dividends of </font><font style="font-family:inherit;font-size:9pt;">$4.63</font><font style="font-family:inherit;font-size:9pt;"> per common share. In addition, the Company declared a </font><font style="font-family:inherit;font-size:9pt;">$2.00</font><font style="font-family:inherit;font-size:9pt;"> special cash dividend to shareholders of record as of November 12, 2015 which was paid on January 6, 2016 (See Note&#160;</font><font style="font-family:inherit;font-size:9pt;">13</font><font style="font-family:inherit;font-size:9pt;">&#8212;</font><font style="font-family:inherit;font-size:9pt;">Stockholders' Equity</font><font style="font-family:inherit;font-size:9pt;">). Pursuant to relevant U.S. tax rules, </font><font style="font-family:inherit;font-size:9pt;">$0.21</font><font style="font-family:inherit;font-size:9pt;"> per common share of this dividend is treated as having been paid by the Company on December 31, 2015, and received by each shareholder of record as of November 12, 2015 on December 31, 2015. The balance of the special cash dividend has been included in the amount of dividends paid for the year ended December 31, 2016.</font></div></td></tr></table></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The future maturities of mortgage notes payable are as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:85%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Year Ending December&#160;31,</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">49,800</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">796,591</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">528,456</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2021</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">401,733</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2022</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">802,552</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Thereafter</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,674,156</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,253,288</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Debt premium</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,630</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Deferred finance cost, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(17,838</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,238,080</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;padding-left:60px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">The debt premiums as of </font><font style="font-family:inherit;font-size:8pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:8pt;"> and </font><font style="font-family:inherit;font-size:8pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:8pt;"> consist of the following: </font></div><div style="line-height:120%;padding-left:60px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:72.51461988304094%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:64%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Property Pledged as Collateral</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Fashion Outlets of Niagara Falls USA</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,630</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,558</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Stonewood Center</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,349</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,630</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,907</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mortgage notes payable at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> consist of the following:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:96.29629629629629%;border-collapse:collapse;text-align:left;"><tr><td colspan="25" rowspan="1"></td></tr><tr><td style="width:33%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Carrying Amount of Mortgage Notes(1)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Effective Interest</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Rate(2)</font></div></td><td rowspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Monthly</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Debt</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Service(3)</font></div></td><td rowspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Maturity</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Date(4)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Property Pledged as Collateral</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Related Party</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Related Party</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Chandler Fashion Center(5)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">199,904</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">199,833</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.77</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">625</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Danbury Fair Mall</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">104,599</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">104,598</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">107,929</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">107,928</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5.53</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,538</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2020</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Fashion Outlets of Chicago(6)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">199,298</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">198,966</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.02</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">477</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2020</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Fashion Outlets of Niagara Falls USA</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">112,770</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">115,762</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.89</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">727</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2020</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Freehold Raceway Mall(5)(7)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">398,050</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">220,643</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.94</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,300</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2029</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Fresno Fashion Fair</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">323,261</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">323,062</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.67</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">971</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2026</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Green Acres Commons(8)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">107,219</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.07</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">322</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2021</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Green Acres Mall</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">291,366</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">297,798</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.61</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,447</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2021</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Kings Plaza Shopping Center</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">447,231</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">456,958</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.67</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,229</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Northgate Mall(9)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">63,434</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Oaks, The</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">196,732</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">201,235</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.14</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,064</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2022</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Pacific View</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">124,397</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">127,311</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.08</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">668</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2022</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Queens Center</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">600,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">600,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.49</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,744</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2025</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Santa Monica Place(10)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">296,366</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">219,564</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.13</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">706</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2022</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">SanTan Village Regional Center</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">124,703</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">127,724</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.14</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">589</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Stonewood Center(11)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">99,520</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Towne Mall</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">21,161</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">21,570</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.48</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">117</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2022</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Tucson La Encantada</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">66,970</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">68,513</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.23</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">368</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2022</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Victor Valley, Mall of</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">114,617</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">114,559</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.00</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">380</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2024</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Vintage Faire Mall</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">263,818</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">269,228</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.55</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,256</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2026</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Westside Pavilion</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">141,020</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">143,881</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.49</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">783</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2022</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">171,569</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,066,511</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">176,442</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,908,976</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:30px;"><font style="font-family:inherit;font-size:8pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">The mortgage notes payable balances include the unamortized debt premiums. Debt premiums represent the excess of the fair value of debt over the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td></tr></table><div style="line-height:120%;padding-bottom:10px;padding-top:10px;padding-left:60px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">The debt premiums as of </font><font style="font-family:inherit;font-size:8pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:8pt;"> and </font><font style="font-family:inherit;font-size:8pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:8pt;"> consist of the following: </font></div><div style="line-height:120%;padding-left:60px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:72.51461988304094%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:64%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Property Pledged as Collateral</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Fashion Outlets of Niagara Falls USA</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,630</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,558</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Stonewood Center</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,349</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,630</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,907</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;padding-left:60px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">The mortgage notes payable balances also include unamortized deferred finance costs that are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. Unamortized deferred finance costs were </font><font style="font-family:inherit;font-size:8pt;">$17,838</font><font style="font-family:inherit;font-size:8pt;"> and </font><font style="font-family:inherit;font-size:8pt;">$12,716</font><font style="font-family:inherit;font-size:8pt;"> at </font><font style="font-family:inherit;font-size:8pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:8pt;"> and </font><font style="font-family:inherit;font-size:8pt;">2016</font><font style="font-family:inherit;font-size:8pt;">, respectively.</font></div><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:30px;"><font style="font-family:inherit;font-size:8pt;">(2)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">The interest rate disclosed represents the effective interest rate, including the debt premiums and deferred finance costs.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:30px;"><font style="font-family:inherit;font-size:8pt;">(3)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">The monthly debt service represents the payment of principal and interest.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:30px;"><font style="font-family:inherit;font-size:8pt;">(4)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">The maturity date assumes that all extension options are fully exercised and that the Company does not opt to refinance the debt prior to these dates. These extension options are at the Company's discretion, subject to certain conditions, which the Company believes will be met.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:30px;"><font style="font-family:inherit;font-size:8pt;">(5)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">A </font><font style="font-family:inherit;font-size:8pt;">49.9%</font><font style="font-family:inherit;font-size:8pt;"> interest in the loan has been assumed by a third party in connection with a co-venture arrangement (See Note&#160;</font><font style="font-family:inherit;font-size:8pt;">11</font><font style="font-family:inherit;font-size:8pt;">&#8212;</font><font style="font-family:Times New Roman;font-size:8pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">Co-Venture Arrangement</font><font style="font-family:inherit;font-size:8pt;">).</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:30px;"><font style="font-family:inherit;font-size:8pt;">(6)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">The loan bears interest at LIBOR plus </font><font style="font-family:inherit;font-size:8pt;">1.50%</font><font style="font-family:inherit;font-size:8pt;"> and matures on </font><font style="font-family:inherit;font-size:8pt;">March&#160;31, 2020</font><font style="font-family:inherit;font-size:8pt;">. At </font><font style="font-family:inherit;font-size:8pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:8pt;"> and </font><font style="font-family:inherit;font-size:8pt;">2016</font><font style="font-family:inherit;font-size:8pt;">, the total interest rate was </font><font style="font-family:inherit;font-size:8pt;">3.02%</font><font style="font-family:inherit;font-size:8pt;"> and </font><font style="font-family:inherit;font-size:8pt;">2.43%</font><font style="font-family:inherit;font-size:8pt;">, respectively.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:30px;"><font style="font-family:inherit;font-size:8pt;">(7)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">On </font><font style="font-family:inherit;font-size:8pt;">October&#160;19, 2017</font><font style="font-family:inherit;font-size:8pt;">, the joint venture replaced the existing loan on the property with a new </font><font style="font-family:inherit;font-size:8pt;">$400,000</font><font style="font-family:inherit;font-size:8pt;"> loan that bears interest at an effective rate of </font><font style="font-family:inherit;font-size:8pt;">3.94%</font><font style="font-family:inherit;font-size:8pt;"> and matures on </font><font style="font-family:inherit;font-size:8pt;">November&#160;1, 2029</font><font style="font-family:inherit;font-size:8pt;">.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:30px;"><font style="font-family:inherit;font-size:8pt;">(8)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">On </font><font style="font-family:inherit;font-size:8pt;">September&#160;29, 2017</font><font style="font-family:inherit;font-size:8pt;">, the Company placed a new </font><font style="font-family:inherit;font-size:8pt;">$110,000</font><font style="font-family:inherit;font-size:8pt;"> loan on the property that bears interest at LIBOR plus </font><font style="font-family:inherit;font-size:8pt;">2.15%</font><font style="font-family:inherit;font-size:8pt;"> and matures on </font><font style="font-family:inherit;font-size:8pt;">March&#160;29, 2021</font><font style="font-family:inherit;font-size:8pt;">. The loan can be expanded, depending on certain conditions, up to </font><font style="font-family:inherit;font-size:8pt;">$130,000</font><font style="font-family:inherit;font-size:8pt;">. At </font><font style="font-family:inherit;font-size:8pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:8pt;">, the total interest rate was </font><font style="font-family:inherit;font-size:8pt;">4.07%</font><font style="font-family:inherit;font-size:8pt;">.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:30px;"><font style="font-family:inherit;font-size:8pt;">(9)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">On </font><font style="font-family:inherit;font-size:8pt;text-transform:default;">January&#160;18, 2017</font><font style="font-family:inherit;font-size:8pt;">, the loan was paid off in connection with sale of the underlying property (See Note&#160;</font><font style="font-family:inherit;font-size:8pt;">15</font><font style="font-family:inherit;font-size:8pt;">&#8212;</font><font style="font-family:inherit;font-size:8pt;">Dispositions</font><font style="font-family:inherit;font-size:8pt;">).</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:30px;"><font style="font-family:inherit;font-size:8pt;">(10)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">On </font><font style="font-family:inherit;font-size:8pt;">December&#160;4, 2017</font><font style="font-family:inherit;font-size:8pt;">, the Company replaced the existing loan on the property with a new </font><font style="font-family:inherit;font-size:8pt;">$300,000</font><font style="font-family:inherit;font-size:8pt;"> loan that bears interest at </font><font style="font-family:inherit;font-size:8pt;">LIBOR</font><font style="font-family:inherit;font-size:8pt;"> plus </font><font style="font-family:inherit;font-size:8pt;">1.35%</font><font style="font-family:inherit;font-size:8pt;"> and matures on </font><font style="font-family:inherit;font-size:8pt;">December&#160;9, 2019</font><font style="font-family:inherit;font-size:8pt;"> with </font><font style="font-family:inherit;font-size:8pt;">three</font><font style="font-family:inherit;font-size:8pt;"> one-year extension options. The loan is covered by an interest rate cap agreement that effectively prevents </font><font style="font-family:inherit;font-size:8pt;">LIBOR</font><font style="font-family:inherit;font-size:8pt;"> from exceeding </font><font style="font-family:inherit;font-size:8pt;">4.00%</font><font style="font-family:inherit;font-size:8pt;"> (See Note&#160;</font><font style="font-family:inherit;font-size:8pt;">5</font><font style="font-family:inherit;font-size:8pt;">&#8212;</font><font style="font-family:inherit;font-size:8pt;">Derivative Instruments and Hedging Activities</font><font style="font-family:inherit;font-size:8pt;">). At </font><font style="font-family:inherit;font-size:8pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:8pt;"> the total interest rate was </font><font style="font-family:inherit;font-size:8pt;">3.13%</font><font style="font-family:inherit;font-size:8pt;">.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:30px;"><font style="font-family:inherit;font-size:8pt;">(11)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">On </font><font style="font-family:inherit;font-size:8pt;">November&#160;1, 2017</font><font style="font-family:inherit;font-size:8pt;">, the Company paid off the loan on the property. </font></div></td></tr></table></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The range of the terms of the agreements is as follows:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;text-indent:32px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="2" rowspan="1"></td></tr><tr><td style="width:85%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred lease costs</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1&#160;-&#160;15&#160;years</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred financing costs</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1&#160;-&#160;15&#160;years</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following is the reconciliation of the purchase price to the fair value of the acquired net assets:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:85%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Purchase price</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51,250</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less debt assumed</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(25,000</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Carrying value of investment</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,161</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gain on remeasurement of assets</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,089</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fair value of acquired net assets (at 100% ownership)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">52,500</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following are fees charged to unconsolidated joint ventures for the years ended December&#160;31:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Management fees</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,105</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,937</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,064</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Development and leasing fees</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,558</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,907</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,615</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,663</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,844</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,679</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the activity of the non-vested LTIP Units during the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="21" rowspan="1"></td></tr><tr><td style="width:23%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at beginning of year</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">322,572</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58.18</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">56,315</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73.24</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,695</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58.89</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Granted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">506,906</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">55.33</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">480,371</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">65.00</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">424,442</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">74.71</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vested</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(192,846</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">69.93</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(214,114</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">77.45</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(414,822</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73.13</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Forfeited</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at end of year</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">636,632</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">52.36</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">322,572</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58.18</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">56,315</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73.24</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the activity of the non-vested phantom stock units for the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="21" rowspan="1"></td></tr><tr><td style="width:23%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Stock Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Stock Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Stock Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at beginning of year</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,845</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">81.47</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,269</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58.35</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Granted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,760</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">68.93</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,088</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80.21</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,351</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">78.72</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vested</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(10,551</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">71.69</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(15,243</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79.73</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(20,162</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72.17</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Forfeited</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,458</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">55.62</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at end of year</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,054</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79.82</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,845</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">81.47</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Basis of Presentation:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These consolidated financial statements have been prepared in accordance with generally accepted accounting principles ("GAAP") in the United States of America. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying consolidated financial statements include the accounts of the Company. Investments in entities in which the Company has a controlling financial interest or entities that meet the definition of a variable interest entity ("VIE") in which the Company has, as a result of ownership, contractual or other financial interests, both the power to direct activities that most significantly impact the economic performance of the VIE and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE are consolidated; otherwise they are accounted for under the equity method of accounting and are reflected as investments in unconsolidated joint ventures. </font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">Summary of Significant Accounting Policies</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Basis of Presentation:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These consolidated financial statements have been prepared in accordance with generally accepted accounting principles ("GAAP") in the United States of America. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying consolidated financial statements include the accounts of the Company. Investments in entities in which the Company has a controlling financial interest or entities that meet the definition of a variable interest entity ("VIE") in which the Company has, as a result of ownership, contractual or other financial interests, both the power to direct activities that most significantly impact the economic performance of the VIE and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE are consolidated; otherwise they are accounted for under the equity method of accounting and are reflected as investments in unconsolidated joint ventures. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's sole significant asset is its investment in the Operating Partnership and as a result, substantially all of the Company's assets and liabilities represent the assets and liabilities of the Operating Partnership. In addition, the Operating Partnership has investments in a number of VIEs. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Operating Partnership's VIEs included the following assets and liabilities:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;text-indent:32px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:95.32163742690058%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:73%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">December&#160;31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Assets:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">288,881</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">307,582</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other assets</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60,586</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">68,863</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">349,467</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">376,445</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Liabilities:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mortgage notes payable</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">129,436</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">133,245</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72,705</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">75,913</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total liabilities</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">202,141</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">209,158</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All intercompany accounts and transactions have been eliminated in the consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Cash and Cash Equivalents and Restricted Cash:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company considers all highly liquid investments with an original maturity of </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months or less when purchased to be cash equivalents, for which cost approximates fair value. Restricted cash includes impounds of property taxes and other capital reserves required under loan agreements.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenues:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Minimum rental revenues are recognized on a straight-line basis over the terms of the related leases. The difference between the amount of rent due in a year and the amount recorded as rental income is referred to as the "straight-line rent adjustment." Minimum rents were increased by </font><font style="font-family:inherit;font-size:10pt;">$8,597</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$5,237</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$7,192</font><font style="font-family:inherit;font-size:10pt;"> due to the straight-line rent adjustment during the years ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively. Percentage rents are recognized and accrued when tenants' specified sales targets have been met.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Estimated recoveries from certain tenants for their pro rata share of real estate taxes, insurance and other shopping center operating expenses are recognized as revenues in the period the applicable expenses are incurred. Other tenants pay a fixed rate and these tenant recoveries are recognized as revenues on a straight-line basis over the term of the related leases.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Management Companies provide property management, leasing, corporate, development, redevelopment and acquisition services to affiliated and non-affiliated shopping centers. In consideration for these services, the Management Companies receive monthly management fees generally ranging from </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">1.5%</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">5%</font><font style="font-family:inherit;font-size:10pt;"> of the gross monthly rental revenue of the properties managed.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Property:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Maintenance and repair expenses are charged to operations as incurred. Costs for major replacements and betterments, which includes HVAC equipment, roofs, parking lots, etc., are capitalized and depreciated over their estimated useful lives. Gains and losses are recognized upon disposal or retirement of the related assets and are reflected in earnings.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property is recorded at cost and is depreciated using a straight-line method over the estimated useful lives of the assets as follows:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;text-indent:32px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="2" rowspan="1"></td></tr><tr><td style="width:85%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Buildings and improvements</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5&#160;-&#160;40&#160;years</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tenant improvements</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5&#160;-&#160;7&#160;years</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Equipment and furnishings</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5&#160;-&#160;7&#160;years</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Capitalization of Costs:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company capitalizes costs incurred in redevelopment, development, renovation and improvement of properties. The capitalized costs include pre-construction costs essential to the development of the property, development costs, construction costs, interest costs, real estate taxes, salaries and related costs and other costs incurred during the period of development. These capitalized costs include direct and certain indirect costs clearly associated with the project. Indirect costs include real estate taxes, insurance and certain shared administrative costs. In assessing the amounts of direct and indirect costs to be capitalized, allocations are made to projects based on estimates of the actual amount of time spent on each activity. Indirect costs not clearly associated with specific projects are expensed as period costs. Capitalized indirect costs are allocated to development and redevelopment activities based on the square footage of the portion of the building not held available for immediate occupancy. If costs and activities incurred to ready the vacant space cease, then cost capitalization is also discontinued until such activities are resumed. Once work has been completed on a vacant space, project costs are no longer capitalized. For projects with extended lease-up periods, the Company ends the capitalization when significant activities have ceased, which does not exceed the shorter of a one-year period after the completion of the building shell or when the construction is substantially complete.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Investment in Unconsolidated Joint Ventures:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company accounts for its investments in joint ventures using the equity method of accounting unless the Company has a controlling financial interest in the joint venture or the joint venture meets the definition of a variable interest entity in which the Company is the primary beneficiary through both its power to direct activities that most significantly impact the economic performance of the variable interest entity and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the variable interest entity. Although the Company has a greater than </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">50%</font><font style="font-family:inherit;font-size:10pt;"> interest in Candlestick Center LLC, Corte Madera Village,&#160;LLC, Macerich HHF Centers LLC, New River Associates LLC and Pacific Premier Retail LLC, the Company does not have controlling financial interests in these joint ventures due to the substantive participation rights of the outside partners in these joint ventures and, therefore, accounts for its investments in these joint ventures using the equity method of accounting.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Equity method investments are initially recorded on the balance sheet at cost and are subsequently adjusted to reflect the Company&#8217;s proportionate share of net earnings and losses, distributions received, additional contributions and certain other adjustments, as appropriate. The Company separately reports investments in joint ventures when accumulated distributions have exceeded the Company&#8217;s investment, as distributions in excess of investments in unconsolidated joint ventures.&#160;The net investment of certain joint ventures is less than zero because of financing or operating distributions that are usually greater than net income, as net income includes charges for depreciation and amortization.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Acquisitions:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company allocates the estimated fair value of acquisitions to land, building, tenant improvements and identified intangible assets and liabilities, based on their estimated fair values. In addition, any assumed mortgage notes payable are recorded at their estimated fair values. The estimated fair value of the land and buildings is determined utilizing an &#8220;as if vacant&#8221; methodology. Tenant improvements represent the tangible assets associated with the existing leases valued on a fair value basis at the acquisition date prorated over the remaining lease terms. The tenant improvements are classified as an asset under property and are depreciated over the remaining lease terms. Identifiable intangible assets and liabilities relate to the value of in-place operating leases which come in </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> forms: (i)&#160;leasing commissions and legal costs, which represent the value associated with &#8220;cost avoidance&#8221; of acquiring in-place leases, such as lease commissions paid under terms generally experienced in the Company's markets; (ii)&#160;value of in-place leases, which represents the estimated loss of revenue and of costs incurred for the period required to lease the &#8220;assumed vacant&#8221; property to the occupancy level when purchased; and (iii)&#160;above or below-market value of in-place leases, which represents the difference between the contractual rents and market rents at the time of the acquisition, discounted for tenant credit risks. Leasing commissions and legal costs are recorded in deferred charges and other assets and are amortized over the remaining lease terms. The value of in-place leases are recorded in deferred charges and other assets and amortized over the remaining lease terms plus any below-market fixed rate renewal options. Above or below-market leases are classified in deferred charges and other assets or in other accrued liabilities, depending on whether the contractual terms are above or below-market, and the asset or liability is amortized to minimum rents over the remaining terms of the leases. The remaining lease terms of below-market leases may include certain below-market fixed-rate renewal periods. In considering whether or not a lessee will execute a below-market fixed-rate lease renewal option, the Company evaluates economic factors and certain qualitative factors at the time of acquisition such as tenant mix in the Center, the Company's relationship with the tenant and the availability of competing tenant space. The initial allocation of purchase price is based on management's preliminary assessment, which may change when final information becomes available. Subsequent adjustments made to the initial purchase price allocation are made within the allocation period, which does not exceed one year. The purchase price allocation is described as preliminary if it is not yet final. The use of different assumptions in the allocation of the purchase price of the acquired assets and liabilities assumed could affect the timing of recognition of the related revenues and expenses.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company immediately expenses costs associated with business combinations as period costs. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Remeasurement gains are recognized when the Company obtains control of an existing equity method investment to the extent that the fair value of the existing equity investment exceeds the carrying value of the investment.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Deferred Charges:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Costs relating to obtaining tenant leases are deferred and amortized over the initial term of the lease agreement using the straight-line method. As these deferred leasing costs represent productive assets incurred in connection with the Company's leasing arrangements at the Centers, the related cash flows are classified as investing activities within the accompanying Consolidated Statements of Cash Flows. Costs relating to financing of shopping center properties are deferred and amortized over the life of the related loan using the straight-line method, which approximates the effective interest method.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The range of the terms of the agreements is as follows:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;text-indent:32px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="2" rowspan="1"></td></tr><tr><td style="width:85%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred lease costs</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1&#160;-&#160;15&#160;years</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred financing costs</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1&#160;-&#160;15&#160;years</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting for Impairment:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company assesses whether an indicator of impairment in the value of its properties exists by considering expected future operating income, trends and prospects, as well as the effects of demand, competition and other economic factors. Such factors include projected rental revenue, operating costs and capital expenditures as well as estimated holding periods and capitalization rates. If an impairment indicator exists, the determination of recoverability is made based upon the estimated undiscounted future net cash flows, excluding interest expense. The amount of impairment loss, if any, is determined by comparing the fair value, as determined by a discounted cash flows analysis, with the carrying value of the related assets. The Company generally holds and operates its properties long-term, which decreases the likelihood of their carrying values not being recoverable. Properties classified as held for sale are measured at the lower of the carrying amount or fair value less cost to sell.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company reviews its investments in unconsolidated joint ventures for a series of operating losses and other factors that may indicate that a decrease in the value of its investments has occurred which is other-than-temporary. The investment in each unconsolidated joint venture is evaluated periodically, and as deemed necessary, for recoverability and valuation declines that are other-than-temporary.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Share and Unit-based Compensation Plans:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The cost of share and unit-based compensation awards is measured at the grant date based on the calculated fair value of the awards and is recognized on a straight-line basis over the requisite service period, which is generally the vesting period of the awards. For market-indexed LTIP awards, compensation cost is recognized under the graded attribution method.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Derivative Instruments and Hedging Activities:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company recognizes all derivatives in the consolidated financial statements and measures the derivatives at fair value. The Company uses interest rate swap and cap agreements (collectively, "interest rate agreements") in the normal course of business to manage or reduce its exposure to adverse fluctuations in interest rates. The Company designs its hedges to be effective in reducing the risk exposure that they are designated to hedge. Any instrument that meets the cash flow hedging criteria is formally designated as a cash flow hedge at the inception of the derivative contract. On an ongoing quarterly basis, the Company adjusts its balance sheet to reflect the current fair value of its derivatives. To the extent they are effective, changes in fair value are recorded in comprehensive income. Ineffective portions, if any, are included in net income (loss).</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts paid (received) as a result of interest rate agreements are recorded as an addition (reduction) to (of) interest expense.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">If any derivative instrument used for risk management does not meet the hedging criteria, it is marked-to-market each period with the change in value included in the consolidated statements of operations.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income Taxes:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company elected to be taxed as a REIT under the Code commencing with its taxable year ended December&#160;31, 1994. To qualify as a REIT, the Company must meet a number of organizational and operational requirements, including a requirement that it distribute at least </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">90%</font><font style="font-family:inherit;font-size:10pt;"> of its taxable income to its stockholders. It is management's current intention to adhere to these requirements and maintain the Company's REIT status. As a REIT, the Company generally will not be subject to corporate level federal income tax on taxable income it distributes currently to its stockholders. If the Company fails to qualify as a REIT in any taxable year, then it will be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and may not be able to qualify as a REIT for </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">four</font><font style="font-family:inherit;font-size:10pt;"> subsequent taxable years. Even if the Company qualifies for taxation as a REIT, the Company may be subject to certain state and local taxes on its income and property and to federal income and excise taxes on its undistributed taxable income, if any.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Each partner is taxed individually on its share of partnership income or loss, and accordingly, no provision for federal and state income tax is provided for the Operating Partnership in the consolidated financial statements. The Company's taxable REIT subsidiaries ("TRSs") are subject to corporate level income taxes, which are provided for in the Company's consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred tax assets and liabilities are recognized for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The deferred tax assets and liabilities of the TRSs relate primarily to differences in the book and tax bases of property and to operating loss carryforwards for federal and state income tax purposes. A valuation allowance for deferred tax assets is provided if the Company believes it is more likely than not that all or some portion of the deferred tax assets will not be realized. Realization of deferred tax assets is dependent on the Company generating sufficient taxable income in future periods.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Segment Information:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company currently operates in </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">one</font><font style="font-family:inherit;font-size:10pt;"> business segment, the acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers. Additionally, the Company operates in </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">one</font><font style="font-family:inherit;font-size:10pt;"> geographic area, the United States.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Fair Value of Financial Instruments:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The fair value hierarchy distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity and the reporting entity's own assumptions about market participant assumptions.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Level&#160;1 inputs utilize quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Level&#160;2 inputs are inputs other than quoted prices included in Level&#160;1 that are observable for the asset or liability, either directly or indirectly. Level&#160;2 inputs may include quoted prices for similar assets and liabilities in active markets, as well as inputs that are observable for the asset or liability (other than quoted prices), such as interest rates, foreign exchange rates and yield curves that are observable at commonly quoted intervals. Level&#160;3 inputs are unobservable inputs for the asset or liability, which are typically based on an entity's own assumptions, as there is little, if any, related market activity. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company calculates the fair value of financial instruments and includes this additional information in the notes to consolidated financial statements when the fair value is different than the carrying value of those financial instruments. When the fair value reasonably approximates the carrying value, no additional disclosure is made.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Fair Value of Financial Instruments:(Continued)</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The fair values of interest rate agreements are determined using the market standard methodology of discounting the future expected cash receipts that would occur if variable interest rates fell below or rose above the strike rate of the interest rate agreements. The variable interest rates used in the calculation of projected receipts on the interest rate agreements are based on an expectation of future interest rates derived from observable market interest rate curves and volatilities. The Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty's nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts and guarantees.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Concentration of Risk:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company maintains its cash accounts in a number of commercial banks. Accounts at these banks are guaranteed by the Federal Deposit Insurance Corporation ("FDIC") up to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$250</font><font style="font-family:inherit;font-size:10pt;">. At various times during the year, the Company had deposits in excess of the FDIC insurance limit.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">No Center or tenant generated more than </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">10%</font><font style="font-family:inherit;font-size:10pt;"> of total revenues during the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> or </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Management Estimates:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recent Accounting Pronouncements:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update ("ASU") 2014-09,&#160;&#8220;Revenue From Contracts With Customers,&#8221;&#160;which outlines a comprehensive model for entities to use in accounting for revenue arising from contracts with customers. The standard states that &#8220;an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.&#8221; While the standard specifically references contracts with customers, it may apply to certain other transactions such as the sale of real estate or equipment. The standard will initially apply to the Company's recognition of management companies and other revenues. This standard will not apply to the Company's recognition of tenant recoveries until January 1, 2019, when it adopts ASU 2016-02, "Leases (Topic 842)", as discussed below. The Company's adoption of ASU 2014-09 on January 1, 2018 did not have a significant impact on the pattern of revenue recognition for management companies and other revenues. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;">Additionally, under ASU 2014-09, the Company will account for its joint venture in </font><font style="font-family:inherit;font-size:10pt;">Chandler Fashion Center</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">Freehold Raceway Mall</font><font style="font-family:inherit;font-size:10pt;"> (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">11</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Co-Venture Arrangement</font><font style="font-family:inherit;font-size:10pt;">) as a financing arrangement. The financing arrangement liability is required to be recorded at fair value upon adoption and any subsequent changes in fair value recognized as interest expense in the Company's consolidated statements of operations. The Company's adoption of this standard effective January 1, 2018 is expected to result in the replacement of its </font><font style="font-family:inherit;font-size:10pt;">$31,150</font><font style="font-family:inherit;font-size:10pt;"> distributions in excess of co-venture obligation (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">8</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Deferred Charges and Other Assets, net</font><font style="font-family:inherit;font-size:10pt;">) with a financing arrangement liability estimated to be </font><font style="font-family:inherit;font-size:10pt;">$393,700</font><font style="font-family:inherit;font-size:10pt;"> on its consolidated balance sheets. This will result in the recognition of an estimated </font><font style="font-family:inherit;font-size:10pt;">$424,850</font><font style="font-family:inherit;font-size:10pt;"> increase in the Company&#8217;s accumulated deficit as a cumulative effect adjustment under the modified retrospective method of adoption. The financing arrangement liability and cumulative effect adjustment are provisional and are still being evaluated by management. Such amounts are subject to change and will be finalized on the Company&#8217;s consolidated financial statements for the three months ended March 31, 2018.&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;"> </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recent Accounting Pronouncements: (Continued)</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02, which sets out principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e. lessees and lessors). The standard requires that lessors expense, on an as-incurred basis, certain initial direct costs that are not incremental in negotiating a lease. Under existing standards, certain of these costs are capitalizable and therefore this new standard may result in certain of these costs being expensed as incurred after adoption. Additionally, under the standard, certain common area maintenance recoveries must be accounted for as a non-lease component. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under ASU 2016-02, lessees apply a dual approach, classifying leases as either finance or operating leases. A lessee is required to record a right-of-use asset and a lease liability for all leases with a term of greater than twelve months, regardless of their lease classification. The Company is a lessee on ground leases at certain properties, on certain office space leases and on certain other improvements and equipment. The standard will impact the accounting and disclosure requirements for these leases. The standard is effective for the Company under a modified retrospective approach beginning January 1, 2019. The Company is evaluating the impact of the adoption of this standard on its consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In November 2017, the FASB decided to proceed with issuing a final accounting standards update on the new leasing standard, which would provide additional practical expedients that can be elected upon adoption of ASU 2016-02 on January 1, 2019. The FASB issued an exposure draft on January 5, 2018 that includes a practical expedient that would allow lessors, as an accounting policy election by class of underlying asset, to not bifurcate non-lease components from the related lease components if certain conditions are met, and a practical expedient that would enable a cumulative effect transition option in which a company would not have to adjust their comparative period financial statements for the effects of the new standard. The Company plans on utilizing the practical expedients provided by ASU 2016-02 and the final accounting standards update and will continue to monitor and review updates as they are provided by the FASB.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued ASU 2016-09, "Compensation-Stock Compensation (Topic 718)," which amended the accounting for share-based payments, including the income tax consequences, classification of awards and classification on the statement of cash flows. The Company's adoption of this standard on January 1, 2017 under the modified retrospective method resulted in the recognition of excess tax benefits of </font><font style="font-family:inherit;font-size:10pt;">$6,484</font><font style="font-family:inherit;font-size:10pt;"> as a cumulative effect adjustment, which reduced its accumulated deficit and increased its deferred tax assets by the same amount.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2016, the FASB issued ASU 2016-15, "Statement of Cash flows (Topic 230)," which amended the accounting for the statement of cash flows by providing guidance on how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The Company's adoption of this standard on January 1, 2017 resulted in the reclassification of </font><font style="font-family:inherit;font-size:10pt;">$12,028</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$14,579</font><font style="font-family:inherit;font-size:10pt;"> of debt extinguishment costs from operating activities to financing activities on its consolidated statements of cash flows for the </font><font style="font-family:inherit;font-size:10pt;">year ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On November 17, 2016, the FASB issued ASU 2016-18, &#8220;Restricted Cash,&#8221; which requires that the statement of cash flows explain the change during a reporting period in the total of cash, cash equivalents, and amounts generally described as restricted cash and restricted cash equivalents. This standard states that transfers between cash, cash equivalents, and restricted cash are not part of the entity&#8217;s operating, investing, and financing activities. Therefore, restricted cash should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The Company's adoption of this standard on January 1, 2018 did not have a significant impact on its consolidated statements of cash flows.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 5, 2017, the FASB issued ASU 2017-01,&#160;&#8220;Business Combinations,&#8221; which clarifies the definition of a business. The objective of the standard is to add further guidance that assists entities in evaluating whether a transaction will be accounted for as an acquisition of an asset or a business. The guidance requires an entity to evaluate if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets. If so, the set of transferred assets and activities are not a business and should be treated as an asset acquisition. The guidance also requires a business to include at least one substantive process and narrows the definition of outputs. The primary difference between business combinations and asset acquisitions is the recognition of transaction costs, which are expensed as period costs for business combinations and capitalized for asset acquisitions. The Company's adoption of this standard on January 1, 2018 did not have a significant impact on its consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recent Accounting Pronouncements: (Continued)</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2017, the FASB issued ASU No. 2017-05,&#160;&#8220;Other Income-Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets,&#8221;&#160;which clarifies the scope of asset derecognition and adds further guidance for recognizing gains and losses from the transfer of nonfinancial assets in contracts with non-customers. The Company's adoption of this standard on January 1, 2018 did not have a significant impact on its consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2017, the FASB issued ASU 2017-12,&#160;&#8220;Targeted Improvements to Accounting for Hedging Activities,&#8221; which aims to (i) improve the transparency and understandability of information conveyed to&#160;financial statement users about an entity&#8217;s risk management activities by better aligning the&#160;entity&#8217;s financial reporting for hedging relationships with those risk management activities and&#160;(ii) reduce the complexity of and simplify the application of hedge accounting by preparers. The standard is effective for the Company beginning January 1, 2019, with early adoption permitted. The Company is evaluating the impact of the adoption of this standard on its consolidated financial statements.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Acquisitions:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Fashion Outlets of Chicago</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">October&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">, the Company purchased the outside ownership interest in its consolidated joint venture in </font><font style="font-family:inherit;font-size:10pt;">Fashion Outlets of Chicago</font><font style="font-family:inherit;font-size:10pt;">, for </font><font style="font-family:inherit;font-size:10pt;">$69,987</font><font style="font-family:inherit;font-size:10pt;">. The purchase agreement included contingent consideration based on the financial performance of </font><font style="font-family:inherit;font-size:10pt;">Fashion Outlets of Chicago</font><font style="font-family:inherit;font-size:10pt;">. On </font><font style="font-family:inherit;font-size:10pt;">August&#160;19, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company paid </font><font style="font-family:inherit;font-size:10pt;">$23,800</font><font style="font-family:inherit;font-size:10pt;"> in full settlement of the contingent consideration obligation.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Inland Center</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">February&#160;17, 2015</font><font style="font-family:inherit;font-size:10pt;">, the Company acquired the remaining </font><font style="font-family:inherit;font-size:10pt;">50%</font><font style="font-family:inherit;font-size:10pt;"> ownership interest in </font><font style="font-family:inherit;font-size:10pt;">Inland Center</font><font style="font-family:inherit;font-size:10pt;"> that it did not previously own for </font><font style="font-family:inherit;font-size:10pt;">$51,250</font><font style="font-family:inherit;font-size:10pt;">. The purchase price was funded by a cash payment of </font><font style="font-family:inherit;font-size:10pt;">$26,250</font><font style="font-family:inherit;font-size:10pt;"> and the assumption of the third party's share of the mortgage note payable on the property of </font><font style="font-family:inherit;font-size:10pt;">$25,000</font><font style="font-family:inherit;font-size:10pt;">. Prior to the acquisition, the Company had accounted for its investment in </font><font style="font-family:inherit;font-size:10pt;">Inland Center</font><font style="font-family:inherit;font-size:10pt;"> under the equity method of accounting (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">4</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">Investments in Unconsolidated Joint Ventures</font><font style="font-family:inherit;font-size:10pt;">). As a result of this transaction, the Company obtained </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> ownership of </font><font style="font-family:inherit;font-size:10pt;">Inland Center</font><font style="font-family:inherit;font-size:10pt;">. The acquisition was completed in order to obtain </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> ownership and control over this asset.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following is a summary of the allocation of the fair value of </font><font style="font-family:inherit;font-size:10pt;">Inland Center</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:85%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">91,871</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred charges</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,752</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other assets</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,782</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total assets acquired</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">107,405</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mortgage note payable</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other accrued liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,905</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total liabilities assumed</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">54,905</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fair value of acquired net assets (at 100% ownership)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">52,500</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company determined that the purchase price represented the fair value of the additional ownership interest in </font><font style="font-family:inherit;font-size:10pt;">Inland Center</font><font style="font-family:inherit;font-size:10pt;"> that was acquired. </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:85%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fair value of existing ownership interest (at 50% ownership)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,250</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Carrying value of investment</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,161</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gain on remeasurement of assets</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,089</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following is the reconciliation of the purchase price to the fair value of the acquired net assets:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:85%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Purchase price</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51,250</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less debt assumed</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(25,000</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Carrying value of investment</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,161</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gain on remeasurement of assets</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,089</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fair value of acquired net assets (at 100% ownership)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">52,500</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">From the date of acquisition, the Company has included </font><font style="font-family:inherit;font-size:10pt;">Inland Center</font><font style="font-family:inherit;font-size:10pt;"> in its consolidated financial statements.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Acquisitions:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company allocates the estimated fair value of acquisitions to land, building, tenant improvements and identified intangible assets and liabilities, based on their estimated fair values. In addition, any assumed mortgage notes payable are recorded at their estimated fair values. The estimated fair value of the land and buildings is determined utilizing an &#8220;as if vacant&#8221; methodology. Tenant improvements represent the tangible assets associated with the existing leases valued on a fair value basis at the acquisition date prorated over the remaining lease terms. The tenant improvements are classified as an asset under property and are depreciated over the remaining lease terms. Identifiable intangible assets and liabilities relate to the value of in-place operating leases which come in </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> forms: (i)&#160;leasing commissions and legal costs, which represent the value associated with &#8220;cost avoidance&#8221; of acquiring in-place leases, such as lease commissions paid under terms generally experienced in the Company's markets; (ii)&#160;value of in-place leases, which represents the estimated loss of revenue and of costs incurred for the period required to lease the &#8220;assumed vacant&#8221; property to the occupancy level when purchased; and (iii)&#160;above or below-market value of in-place leases, which represents the difference between the contractual rents and market rents at the time of the acquisition, discounted for tenant credit risks. Leasing commissions and legal costs are recorded in deferred charges and other assets and are amortized over the remaining lease terms. The value of in-place leases are recorded in deferred charges and other assets and amortized over the remaining lease terms plus any below-market fixed rate renewal options. Above or below-market leases are classified in deferred charges and other assets or in other accrued liabilities, depending on whether the contractual terms are above or below-market, and the asset or liability is amortized to minimum rents over the remaining terms of the leases. The remaining lease terms of below-market leases may include certain below-market fixed-rate renewal periods. In considering whether or not a lessee will execute a below-market fixed-rate lease renewal option, the Company evaluates economic factors and certain qualitative factors at the time of acquisition such as tenant mix in the Center, the Company's relationship with the tenant and the availability of competing tenant space. The initial allocation of purchase price is based on management's preliminary assessment, which may change when final information becomes available. Subsequent adjustments made to the initial purchase price allocation are made within the allocation period, which does not exceed one year. The purchase price allocation is described as preliminary if it is not yet final. The use of different assumptions in the allocation of the purchase price of the acquired assets and liabilities assumed could affect the timing of recognition of the related revenues and expenses.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company immediately expenses costs associated with business combinations as period costs. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Remeasurement gains are recognized when the Company obtains control of an existing equity method investment to the extent that the fair value of the existing equity investment exceeds the carrying value of the investment.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Cash and Cash Equivalents and Restricted Cash:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company considers all highly liquid investments with an original maturity of </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months or less when purchased to be cash equivalents, for which cost approximates fair value. Restricted cash includes impounds of property taxes and other capital reserves required under loan agreements.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">Commitments and Contingencies</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has certain properties subject to non-cancelable operating leases. The leases expire at various times through </font><font style="font-family:inherit;font-size:10pt;">2098</font><font style="font-family:inherit;font-size:10pt;">, subject in some cases to options to extend the terms of the lease. Certain leases provide for contingent rent payments based on a percentage of base rental income, as defined in the lease. Lease rent expenses were </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$18,499</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$16,495</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$17,938</font><font style="font-family:inherit;font-size:10pt;"> for the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively. </font><font style="font-family:inherit;font-size:10pt;">No</font><font style="font-family:inherit;font-size:10pt;"> contingent rent was incurred for the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> or </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Minimum future rental payments required under the leases are as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:85%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Year Ending December&#160;31,</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,461</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,334</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,351</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,999</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2022</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,021</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thereafter</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">208,184</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">255,350</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company was contingently liable for </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$60,588</font><font style="font-family:inherit;font-size:10pt;"> in letters of credit guaranteeing performance by the Company of certain obligations relating to the Centers. The Company does not believe that these letters of credit will result in a liability to the Company.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has entered into a number of construction agreements related to its redevelopment and development activities. Obligations under these agreements are contingent upon the completion of the services within the guidelines specified in the relevant agreement. At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company had </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$40,121</font><font style="font-family:inherit;font-size:10pt;"> in outstanding obligations, which it believes will be settled in the next twelve months.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Concentration of Risk:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company maintains its cash accounts in a number of commercial banks. Accounts at these banks are guaranteed by the Federal Deposit Insurance Corporation ("FDIC") up to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$250</font><font style="font-family:inherit;font-size:10pt;">. </font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's sole significant asset is its investment in the Operating Partnership and as a result, substantially all of the Company's assets and liabilities represent the assets and liabilities of the Operating Partnership. In addition, the Operating Partnership has investments in a number of VIEs. </font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">Bank and Other Notes Payable</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Bank and other notes payable at </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> consist of the following:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Line of Credit:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has a </font><font style="font-family:inherit;font-size:10pt;">$1,500,000</font><font style="font-family:inherit;font-size:10pt;"> revolving line of credit that bears interest at </font><font style="font-family:inherit;font-size:10pt;">LIBOR</font><font style="font-family:inherit;font-size:10pt;"> plus a spread of </font><font style="font-family:inherit;font-size:10pt;">1.30%</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">1.90%</font><font style="font-family:inherit;font-size:10pt;">, depending on the Company's overall leverage level, and matures on </font><font style="font-family:inherit;font-size:10pt;">July&#160;6, 2020</font><font style="font-family:inherit;font-size:10pt;"> with a </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">-year extension option. The line of credit can be expanded, depending on certain conditions, up to a total facility of </font><font style="font-family:inherit;font-size:10pt;">$2,000,000</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Based on the Company's leverage level as of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, the borrowing rate on the facility was </font><font style="font-family:inherit;font-size:10pt;">LIBOR</font><font style="font-family:inherit;font-size:10pt;"> plus </font><font style="font-family:inherit;font-size:10pt;">1.45%</font><font style="font-family:inherit;font-size:10pt;">. As of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">, borrowings under the line of credit, were </font><font style="font-family:inherit;font-size:10pt;">$935,000</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$885,000</font><font style="font-family:inherit;font-size:10pt;">, respectively, less unamortized deferred finance costs of </font><font style="font-family:inherit;font-size:10pt;">$7,548</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$10,039</font><font style="font-family:inherit;font-size:10pt;">, respectively, at a total interest rate of </font><font style="font-family:inherit;font-size:10pt;">3.13%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2.40%</font><font style="font-family:inherit;font-size:10pt;">, respectively. The estimated fair value (Level&#160;2 measurement) of the line of credit at </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> was </font><font style="font-family:inherit;font-size:10pt;">$919,158</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$865,921</font><font style="font-family:inherit;font-size:10pt;">, respectively, based on a present value model using a credit interest rate spread offered to the Company for comparable debt.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Term Loan:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On December&#160;8, 2011, the Company obtained a </font><font style="font-family:inherit;font-size:10pt;">$125,000</font><font style="font-family:inherit;font-size:10pt;"> unsecured term loan under the line of credit that bore interest at </font><font style="font-family:inherit;font-size:10pt;">LIBOR</font><font style="font-family:inherit;font-size:10pt;"> plus a spread of </font><font style="font-family:inherit;font-size:10pt;">1.95%</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">3.20%</font><font style="font-family:inherit;font-size:10pt;">, depending on the Company's overall leverage level, and was to mature on December&#160;8, 2018. On </font><font style="font-family:inherit;font-size:10pt;">October&#160;23, 2015</font><font style="font-family:inherit;font-size:10pt;">, the Company paid off the term loan, which resulted in a loss of </font><font style="font-family:inherit;font-size:10pt;">$578</font><font style="font-family:inherit;font-size:10pt;"> on the early extinguishment of debt. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Prasada Note:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On March 29, 2013, the Company issued a </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$13,330</font><font style="font-family:inherit;font-size:10pt;"> note payable that bears interest at </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">5.25%</font><font style="font-family:inherit;font-size:10pt;"> and matures on May 30, 2021. The note payable is collateralized by a portion of a development reimbursement agreement with the City of Surprise, Arizona. At </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">, the note had a balance of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$4,732</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$5,521</font><font style="font-family:inherit;font-size:10pt;">, respectively. The estimated fair value (Level&#160;2 measurement) of the note at </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> was </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$4,717</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$5,786</font><font style="font-family:inherit;font-size:10pt;">, respectively, based on current interest rates for comparable notes. Fair value was determined using a present value model and an interest rate that included a credit value adjustment based on the estimated value of the collateral for the underlying debt.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">, the Company was in compliance with all applicable financial loan covenants.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The future maturities of bank and other notes payable are as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:76.80311890838206%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:84%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Year Ending December&#160;31,</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">830</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">875</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">922</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">937,105</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">939,732</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred finance cost</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7,548</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">932,184</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The future maturities reflected above reflect the extension options that the Company believes will be exercised.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Deferred Charges:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Costs relating to obtaining tenant leases are deferred and amortized over the initial term of the lease agreement using the straight-line method. As these deferred leasing costs represent productive assets incurred in connection with the Company's leasing arrangements at the Centers, the related cash flows are classified as investing activities within the accompanying Consolidated Statements of Cash Flows. Costs relating to financing of shopping center properties are deferred and amortized over the life of the related loan using the straight-line method, which approximates the effective interest method.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The range of the terms of the agreements is as follows:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;text-indent:32px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="2" rowspan="1"></td></tr><tr><td style="width:85%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred lease costs</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1&#160;-&#160;15&#160;years</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred financing costs</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1&#160;-&#160;15&#160;years</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Derivative Instruments and Hedging Activities</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company recorded other comprehensive loss related to the marking-to-market of an interest rate cap agreement of </font><font style="font-family:inherit;font-size:10pt;">$42</font><font style="font-family:inherit;font-size:10pt;"> for the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">. There were no derivatives outstanding at December&#160;31, 2016 or 2015.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The following derivative was outstanding at </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;text-indent:32px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:72.4609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:31%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Property</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Notional Amount</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Product</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">LIBOR Rate</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Maturity</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Santa Monica Place</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">300,000</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Cap</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4.00</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">12/9/2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">11</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The above interest rate cap agreement was designated as a hedging instrument with a fair value of </font><font style="font-family:inherit;font-size:10pt;">$11</font><font style="font-family:inherit;font-size:10pt;"> that was included in deferred charges and other assets, net at </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Derivative Instruments and Hedging Activities:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company recognizes all derivatives in the consolidated financial statements and measures the derivatives at fair value. The Company uses interest rate swap and cap agreements (collectively, "interest rate agreements") in the normal course of business to manage or reduce its exposure to adverse fluctuations in interest rates. The Company designs its hedges to be effective in reducing the risk exposure that they are designated to hedge. Any instrument that meets the cash flow hedging criteria is formally designated as a cash flow hedge at the inception of the derivative contract. On an ongoing quarterly basis, the Company adjusts its balance sheet to reflect the current fair value of its derivatives. To the extent they are effective, changes in fair value are recorded in comprehensive income. Ineffective portions, if any, are included in net income (loss).</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts paid (received) as a result of interest rate agreements are recorded as an addition (reduction) to (of) interest expense.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">If any derivative instrument used for risk management does not meet the hedging criteria, it is marked-to-market each period with the change in value included in the consolidated statements of operations.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">Share and Unit-based Plans</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has established share and unit-based compensation plans for the purpose of attracting and retaining executive officers, directors and key employees.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2003 Equity Incentive Plan:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The 2003 Equity Incentive Plan ("2003 Plan") authorizes the grant of stock awards, stock options, stock appreciation rights, stock units, stock bonuses, performance-based awards, dividend equivalent rights and OP Units or other convertible or exchangeable units. As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, stock awards, stock units, LTIP Units (as defined below), stock appreciation rights ("SARs") and stock options have been granted under the 2003 Plan. All stock options or other rights to acquire common stock granted under the 2003 Plan have a term of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">10</font><font style="font-family:inherit;font-size:10pt;">&#160;years or less. These awards were generally granted based on the performance of the Company and the employees. None of the awards have performance requirements other than a service condition of continued employment unless otherwise provided. All awards are subject to restrictions determined by the Company's compensation committee. The aggregate number of shares of common stock that may be issued under the 2003 Plan is </font><font style="font-family:inherit;font-size:10pt;">19,825,428</font><font style="font-family:inherit;font-size:10pt;"> shares. As of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, there were </font><font style="font-family:inherit;font-size:10pt;">6,176,479</font><font style="font-family:inherit;font-size:10pt;"> shares available for issuance under the 2003 Plan.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Stock Awards:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The value of the stock awards was determined by the market price of the Company's common stock on the date of the grant. The following table summarizes the activity of non-vested stock awards during the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="21" rowspan="1"></td></tr><tr><td style="width:23%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at beginning of year</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,612</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">62.01</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,189</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">59.25</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Granted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vested</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,612</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">62.01</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7,577</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58.67</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at end of year</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,612</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">62.01</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Stock Units:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The stock units represent the right to receive upon vesting one share of the Company's common stock for </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> stock unit. The value of the stock units was determined by the market price of the Company's common stock on the date of the grant. The following table summarizes the activity of non-vested stock units during the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="21" rowspan="1"></td></tr><tr><td style="width:23%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at beginning of year</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">148,428</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">78.53</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">132,086</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">74.58</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">144,374</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">59.94</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Granted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">86,827</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">66.46</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">85,601</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79.22</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">77,282</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">86.53</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vested</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(81,205</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">75.62</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(69,259</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">71.82</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(86,761</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">61.29</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Forfeited</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,695</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">69.57</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,809</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">86.72</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at end of year</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">151,355</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73.32</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">148,428</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">78.53</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">132,086</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">74.58</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">SARs:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The executives and key employees have up to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">10</font><font style="font-family:inherit;font-size:10pt;">&#160;years from the grant date to exercise the SARs. Upon exercise, the executives and key employees will receive unrestricted common shares for the appreciation in value of the SARs from the grant date to the exercise date. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company determined the value of each SAR awarded during the year ended December&#160;31, 2012 to be </font><font style="font-family:inherit;font-size:10pt;">$9.67</font><font style="font-family:inherit;font-size:10pt;"> using the Black&#8209;Scholes Option Pricing Model based upon the following assumptions: volatility of </font><font style="font-family:inherit;font-size:10pt;">25.85%</font><font style="font-family:inherit;font-size:10pt;">, dividend yield of </font><font style="font-family:inherit;font-size:10pt;">3.69%</font><font style="font-family:inherit;font-size:10pt;">, risk free rate of </font><font style="font-family:inherit;font-size:10pt;">1.20%</font><font style="font-family:inherit;font-size:10pt;">, current value of </font><font style="font-family:inherit;font-size:10pt;">$59.57</font><font style="font-family:inherit;font-size:10pt;"> and an expected term of </font><font style="font-family:inherit;font-size:10pt;">8</font><font style="font-family:inherit;font-size:10pt;">&#160;years. The value of each of the other outstanding SARs was determined at the grant date to be </font><font style="font-family:inherit;font-size:10pt;">$7.68</font><font style="font-family:inherit;font-size:10pt;"> based upon the following assumptions: volatility of </font><font style="font-family:inherit;font-size:10pt;">22.52%</font><font style="font-family:inherit;font-size:10pt;">, dividend yield of </font><font style="font-family:inherit;font-size:10pt;">5.23%</font><font style="font-family:inherit;font-size:10pt;">, risk free rate of </font><font style="font-family:inherit;font-size:10pt;">3.15%</font><font style="font-family:inherit;font-size:10pt;">, current value of </font><font style="font-family:inherit;font-size:10pt;">$61.17</font><font style="font-family:inherit;font-size:10pt;"> and an expected term of </font><font style="font-family:inherit;font-size:10pt;">8</font><font style="font-family:inherit;font-size:10pt;">&#160;years. The assumptions for volatility and dividend yield were based on the Company's historical experience as a publicly traded company, the current value was based on the closing price on the date of grant and the risk free rate was based upon the interest rate of the 10-year Treasury bond on the date of grant. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In connection with the payment of the Special Dividend (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">13</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Stockholders' Equity</font><font style="font-family:inherit;font-size:10pt;">), the compensation committee approved an adjustment to all outstanding SARs. The exercise price and number of outstanding SARs were adjusted such that each SAR had the same fair value to the holder before and after giving effect to the payment of the special dividend. As a result, the </font><font style="font-family:inherit;font-size:10pt;">407,823</font><font style="font-family:inherit;font-size:10pt;"> outstanding SARs on </font><font style="font-family:inherit;font-size:10pt;">December&#160;8, 2015</font><font style="font-family:inherit;font-size:10pt;"> with a weighted-average price of </font><font style="font-family:inherit;font-size:10pt;">$56.49</font><font style="font-family:inherit;font-size:10pt;"> were adjusted to </font><font style="font-family:inherit;font-size:10pt;">417,783</font><font style="font-family:inherit;font-size:10pt;"> outstanding SARs with a weighted average price of </font><font style="font-family:inherit;font-size:10pt;">$55.13</font><font style="font-family:inherit;font-size:10pt;"> and the </font><font style="font-family:inherit;font-size:10pt;">417,783</font><font style="font-family:inherit;font-size:10pt;"> outstanding SARs on </font><font style="font-family:inherit;font-size:10pt;">January&#160;6, 2016</font><font style="font-family:inherit;font-size:10pt;"> with a weighted-average price of </font><font style="font-family:inherit;font-size:10pt;">$55.13</font><font style="font-family:inherit;font-size:10pt;"> were adjusted to </font><font style="font-family:inherit;font-size:10pt;">427,968</font><font style="font-family:inherit;font-size:10pt;"> outstanding SARs with a weighted average price of </font><font style="font-family:inherit;font-size:10pt;">$53.85</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the activity of SARs awards during the years ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="21" rowspan="1"></td></tr><tr><td style="width:23%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Exercise</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Price</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Exercise</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Price</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Exercise</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Price</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at beginning of year</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">284,146</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53.85</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">417,783</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">55.13</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">772,639</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">56.67</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Granted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exercised</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(48,707</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53.95</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(143,822</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53.73</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(364,807</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">56.86</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Special dividend adjustment</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,185</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53.88</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,951</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">55.13</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at end of year</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">235,439</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53.83</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">284,146</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53.85</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">417,783</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">55.13</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Long-Term Incentive Plan Units:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under the Long-Term Incentive Plan ("LTIP"), each award recipient is issued a form of operating partnership units ("LTIP Units") in the Operating Partnership. Upon the occurrence of specified events and subject to the satisfaction of applicable vesting conditions, LTIP Units (after conversion into OP Units) are ultimately redeemable for common stock of the Company, or cash at the Company's option, on a </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">-unit for </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">-share basis. LTIP Units receive cash dividends based on the dividend amount paid on the common stock of the Company. The LTIP may include both market-indexed awards and service-based awards.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The market-indexed LTIP Units vest over the service period of the award based on the percentile ranking of the Company in terms of total return to stockholders (the "Total Return") per common stock share relative to the Total Return of a group of peer REITs, as measured at the end of the measurement period. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The fair value of the service-based LTIP Units was determined by the market price of the Company's common stock on the date of the grant. The fair value of the market-indexed LTIP Units are estimated on the date of grant using a Monte Carlo Simulation model. The stock price of the Company, along with the stock prices of the group of peer REITs (for market-indexed awards), is assumed to follow the Multivariate Geometric Brownian Motion Process. Multivariate Geometric Brownian Motion is a common assumption when modeling in financial markets, as it allows the modeled quantity (in this case, the stock price) to vary randomly from its current value and take any value greater than zero. The volatilities of the returns on the share price of the Company and the peer group REITs were estimated based on a look-back period. The expected growth rate of the stock prices over the "derived service period" is determined with consideration of the risk free rate as of the grant date.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">January&#160;1, 2015</font><font style="font-family:inherit;font-size:10pt;">, the Company granted </font><font style="font-family:inherit;font-size:10pt;">49,451</font><font style="font-family:inherit;font-size:10pt;"> LTIP Units with a grant date fair value of </font><font style="font-family:inherit;font-size:10pt;">$83.41</font><font style="font-family:inherit;font-size:10pt;"> per LTIP Unit that vested in equal annual installments over a service period that ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">. Concurrently, the Company granted </font><font style="font-family:inherit;font-size:10pt;">186,450</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">market-indexed</font><font style="font-family:inherit;font-size:10pt;"> LTIP Units ("2015 Market LTIP Units") at a grant date fair value of </font><font style="font-family:inherit;font-size:10pt;">$66.37</font><font style="font-family:inherit;font-size:10pt;"> per LTIP Unit that vested over a service period ending </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">. The 2015 Market LTIP Units were equally divided between two types of awards. The terms of both types of awards were the same, except one award has an additional </font><font style="font-family:inherit;font-size:10pt;">3%</font><font style="font-family:inherit;font-size:10pt;"> absolute Total Return requirement, which if it is not met, then such LTIP Units would not have vested. The grant date fair value of the 2015 Market LTIP Units assumed a risk free interest rate of </font><font style="font-family:inherit;font-size:10pt;">0.25%</font><font style="font-family:inherit;font-size:10pt;"> and an expected volatility of </font><font style="font-family:inherit;font-size:10pt;">16.81%</font><font style="font-family:inherit;font-size:10pt;">. On </font><font style="font-family:inherit;font-size:10pt;">January&#160;7, 2016</font><font style="font-family:inherit;font-size:10pt;">, the compensation committee determined that the 2015 Market LTIP Units had vested at a </font><font style="font-family:inherit;font-size:10pt;">130%</font><font style="font-family:inherit;font-size:10pt;"> level, based on the Company's percentile ranking in terms of Total Return per common stock share compared to the Total Return of a group of peer REITs during the period of </font><font style="font-family:inherit;font-size:10pt;">January&#160;1, 2015</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">. In addition, the compensation committee determined that the applicable </font><font style="font-family:inherit;font-size:10pt;">3%</font><font style="font-family:inherit;font-size:10pt;"> absolute Total Return requirement was exceeded. As a result, an additional </font><font style="font-family:inherit;font-size:10pt;">55,934</font><font style="font-family:inherit;font-size:10pt;"> fully-vested LTIP Units were granted on </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2015</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">March&#160;6, 2015</font><font style="font-family:inherit;font-size:10pt;">, the Company granted </font><font style="font-family:inherit;font-size:10pt;">132,607</font><font style="font-family:inherit;font-size:10pt;"> LTIP Units at a fair value of </font><font style="font-family:inherit;font-size:10pt;">$86.72</font><font style="font-family:inherit;font-size:10pt;"> per LTIP Unit that were fully vested on the grant date. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">January&#160;1, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company granted </font><font style="font-family:inherit;font-size:10pt;">58,786</font><font style="font-family:inherit;font-size:10pt;"> LTIP Units with a grant date fair value of </font><font style="font-family:inherit;font-size:10pt;">$80.69</font><font style="font-family:inherit;font-size:10pt;"> per LTIP Unit that will vest in equal annual installments over a service period ending </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">. Concurrently, the Company granted </font><font style="font-family:inherit;font-size:10pt;">266,899</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">market-indexed</font><font style="font-family:inherit;font-size:10pt;"> LTIP Units ("2016 Market LTIP Units") at a grant date fair value of </font><font style="font-family:inherit;font-size:10pt;">$53.32</font><font style="font-family:inherit;font-size:10pt;"> per LTIP Unit that vest over a service period ending </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">. The fair value of the 2016 Market LTIP Units was estimated on the date of grant using a Monte Carlo Simulation model that assumed a risk free interest rate of </font><font style="font-family:inherit;font-size:10pt;">1.32%</font><font style="font-family:inherit;font-size:10pt;"> and an expected volatility of </font><font style="font-family:inherit;font-size:10pt;">20.31%</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">March&#160;4, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company granted </font><font style="font-family:inherit;font-size:10pt;">154,686</font><font style="font-family:inherit;font-size:10pt;"> LTIP Units at a fair value of </font><font style="font-family:inherit;font-size:10pt;">$79.20</font><font style="font-family:inherit;font-size:10pt;"> per LTIP Unit that were fully vested on the grant date. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">January&#160;1, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company granted </font><font style="font-family:inherit;font-size:10pt;">66,079</font><font style="font-family:inherit;font-size:10pt;"> LTIP Units with a grant date fair value of </font><font style="font-family:inherit;font-size:10pt;">$70.84</font><font style="font-family:inherit;font-size:10pt;"> per LTIP Unit that will vest in equal annual installments over a service period ending </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;">. Concurrently, the Company granted </font><font style="font-family:inherit;font-size:10pt;">297,849</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">market-indexed</font><font style="font-family:inherit;font-size:10pt;"> LTIP Units ("2017 Market LTIP Units") at a grant date fair value of </font><font style="font-family:inherit;font-size:10pt;">$47.15</font><font style="font-family:inherit;font-size:10pt;"> per LTIP Unit that will vest over a service period ending </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;">. The fair value of the 2017 Market LTIP Units was estimated on the date of grant using a Monte Carlo Simulation model that assumed a risk free interest rate of </font><font style="font-family:inherit;font-size:10pt;">1.49%</font><font style="font-family:inherit;font-size:10pt;"> and an expected volatility of </font><font style="font-family:inherit;font-size:10pt;">20.75%</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">March&#160;3, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company granted </font><font style="font-family:inherit;font-size:10pt;">134,742</font><font style="font-family:inherit;font-size:10pt;"> LTIP Units at a fair value of </font><font style="font-family:inherit;font-size:10pt;">$66.57</font><font style="font-family:inherit;font-size:10pt;"> per LTIP Unit that were fully vested on the grant date. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">June&#160;1, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company granted </font><font style="font-family:inherit;font-size:10pt;">1,522</font><font style="font-family:inherit;font-size:10pt;"> LTIP Units with a grant date fair value of </font><font style="font-family:inherit;font-size:10pt;">$58.31</font><font style="font-family:inherit;font-size:10pt;"> per LTIP Unit that will vest in equal annual installments over a service period ending </font><font style="font-family:inherit;font-size:10pt;">May&#160;29, 2020</font><font style="font-family:inherit;font-size:10pt;">. Concurrently, the Company granted </font><font style="font-family:inherit;font-size:10pt;">6,714</font><font style="font-family:inherit;font-size:10pt;"> market-indexed LTIP Units at a grant date fair value of </font><font style="font-family:inherit;font-size:10pt;">$39.66</font><font style="font-family:inherit;font-size:10pt;"> per LTIP Unit that will vest over a service period ending </font><font style="font-family:inherit;font-size:10pt;">May&#160;29, 2020</font><font style="font-family:inherit;font-size:10pt;">. The fair value of the market-indexed LTIP Units was estimated on the date of grant using a Monte Carlo Simulation model that assumed a risk free interest rate of </font><font style="font-family:inherit;font-size:10pt;">1.45%</font><font style="font-family:inherit;font-size:10pt;"> and an expected volatility of </font><font style="font-family:inherit;font-size:10pt;">21.40%</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the activity of the non-vested LTIP Units during the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="21" rowspan="1"></td></tr><tr><td style="width:23%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at beginning of year</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">322,572</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58.18</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">56,315</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73.24</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46,695</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58.89</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Granted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">506,906</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">55.33</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">480,371</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">65.00</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">424,442</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">74.71</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vested</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(192,846</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">69.93</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(214,114</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">77.45</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(414,822</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73.13</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Forfeited</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at end of year</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">636,632</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">52.36</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">322,572</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58.18</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">56,315</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73.24</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Stock Options:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company measured the value of each option awarded during the year ended December 31, 2012 to be </font><font style="font-family:inherit;font-size:10pt;">$9.67</font><font style="font-family:inherit;font-size:10pt;"> using the Black-Scholes Option Pricing Model based upon the following assumptions: volatility of </font><font style="font-family:inherit;font-size:10pt;">25.85%</font><font style="font-family:inherit;font-size:10pt;">, dividend yield of </font><font style="font-family:inherit;font-size:10pt;">3.69%</font><font style="font-family:inherit;font-size:10pt;">, risk free rate of </font><font style="font-family:inherit;font-size:10pt;">1.20%</font><font style="font-family:inherit;font-size:10pt;">, current value of </font><font style="font-family:inherit;font-size:10pt;">$59.57</font><font style="font-family:inherit;font-size:10pt;"> and an expected term of&#160;</font><font style="font-family:inherit;font-size:10pt;">8</font><font style="font-family:inherit;font-size:10pt;"> years. The assumptions for volatility and dividend yield were based on the Company's historical experience as a publicly traded company, the current value was based on the closing price on the date of grant and the risk free rate was based upon the interest rate of the </font><font style="font-family:inherit;font-size:10pt;">10</font><font style="font-family:inherit;font-size:10pt;">-year Treasury bond on the date of grant. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In connection with the payment of the Special Dividend (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">13</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Stockholders' Equity</font><font style="font-family:inherit;font-size:10pt;">), the compensation committee approved an adjustment to all outstanding stock options. The exercise price and number of outstanding stock options were adjusted such that each stock option had the same fair value to the holder before and after giving effect to the payment of the Special Dividend. As a result, the </font><font style="font-family:inherit;font-size:10pt;">10,068</font><font style="font-family:inherit;font-size:10pt;"> outstanding stock options on </font><font style="font-family:inherit;font-size:10pt;">December&#160;8, 2015</font><font style="font-family:inherit;font-size:10pt;"> with a weighted-average price of </font><font style="font-family:inherit;font-size:10pt;">$59.57</font><font style="font-family:inherit;font-size:10pt;"> were adjusted to </font><font style="font-family:inherit;font-size:10pt;">10,314</font><font style="font-family:inherit;font-size:10pt;"> outstanding stock options with a weighted average price of </font><font style="font-family:inherit;font-size:10pt;">$58.15</font><font style="font-family:inherit;font-size:10pt;"> and the </font><font style="font-family:inherit;font-size:10pt;">10,314</font><font style="font-family:inherit;font-size:10pt;"> outstanding stock options on </font><font style="font-family:inherit;font-size:10pt;">January&#160;6, 2016</font><font style="font-family:inherit;font-size:10pt;"> with a weighted-average price of </font><font style="font-family:inherit;font-size:10pt;">$58.15</font><font style="font-family:inherit;font-size:10pt;"> were adjusted to </font><font style="font-family:inherit;font-size:10pt;">10,565</font><font style="font-family:inherit;font-size:10pt;"> outstanding stock options with a weighted average price of </font><font style="font-family:inherit;font-size:10pt;">$56.77</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">May&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company granted </font><font style="font-family:inherit;font-size:10pt;">25,000</font><font style="font-family:inherit;font-size:10pt;"> non-qualified stock options with a grant date fair value of </font><font style="font-family:inherit;font-size:10pt;">$10.02</font><font style="font-family:inherit;font-size:10pt;"> that will vest on </font><font style="font-family:inherit;font-size:10pt;">May&#160;30, 2019</font><font style="font-family:inherit;font-size:10pt;">. The Company measured the value of each option awarded using the Black-Scholes Option Pricing Model based upon the following assumptions: volatility of </font><font style="font-family:inherit;font-size:10pt;">30.19%</font><font style="font-family:inherit;font-size:10pt;">, dividend yield of </font><font style="font-family:inherit;font-size:10pt;">4.93%</font><font style="font-family:inherit;font-size:10pt;">, risk free rate of </font><font style="font-family:inherit;font-size:10pt;">2.08%</font><font style="font-family:inherit;font-size:10pt;">, current value of </font><font style="font-family:inherit;font-size:10pt;">$57.55</font><font style="font-family:inherit;font-size:10pt;"> and an expected term of </font><font style="font-family:inherit;font-size:10pt;">8 years</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the activity of stock options for the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="21" rowspan="1"></td></tr><tr><td style="width:23%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Options</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Exercise</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Price</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Options</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Exercise</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Price</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Options</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Exercise</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Price</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at beginning of year</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,565</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">56.77</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,314</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58.15</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,068</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">59.57</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Granted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">57.55</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exercised</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Special dividend adjustment</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">251</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">56.77</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">246</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58.15</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at end of year</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35,565</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">57.32</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,565</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">56.77</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,314</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58.15</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Directors' Phantom Stock Plan:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Directors' Phantom Stock Plan offers non-employee members of the board of directors ("Directors") the opportunity to defer their cash compensation and to receive that compensation in common stock rather than in cash after termination of service or a predetermined period. Compensation generally includes the annual retainers payable by the Company to the Directors. Deferred amounts are generally credited as units of phantom stock at the beginning of each </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;">-year deferral period by dividing the present value of the deferred compensation by the average fair market value of the Company's common stock at the date of award. Compensation expense related to the phantom stock awards was determined by the amortization of the value of the stock units on a straight-line basis over the applicable service period. The stock units (including dividend equivalents) vest as the Directors' services (to which the fees relate) are rendered. Vested phantom stock units are ultimately paid out in common stock on a </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">-unit for </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;">-share basis. To the extent elected by a Director, stock units receive dividend equivalents in the form of additional stock units based on the dividend amount paid on the common stock. The aggregate number of phantom stock units that may be granted under the Directors' Phantom Stock Plan is </font><font style="font-family:inherit;font-size:10pt;">500,000</font><font style="font-family:inherit;font-size:10pt;">. As of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, there were </font><font style="font-family:inherit;font-size:10pt;">169,755</font><font style="font-family:inherit;font-size:10pt;"> stock units available for grant under the Directors' Phantom Stock Plan. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the activity of the non-vested phantom stock units for the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="21" rowspan="1"></td></tr><tr><td style="width:23%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Stock Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Stock Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Stock Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at beginning of year</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,845</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">81.47</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,269</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58.35</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Granted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,760</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">68.93</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,088</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">80.21</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,351</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">78.72</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vested</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(10,551</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">71.69</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(15,243</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79.73</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(20,162</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72.17</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Forfeited</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,458</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">55.62</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at end of year</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,054</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79.82</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,845</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">81.47</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Employee Stock Purchase Plan ("ESPP"):</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The ESPP authorizes eligible employees to purchase the Company's common stock through voluntary payroll deductions made during periodic offering periods. Under the ESPP common stock is purchased at a </font><font style="font-family:inherit;font-size:10pt;">15%</font><font style="font-family:inherit;font-size:10pt;"> discount from the lesser of the fair value of common stock at the beginning and end of the offering period. A maximum of </font><font style="font-family:inherit;font-size:10pt;">750,000</font><font style="font-family:inherit;font-size:10pt;"> shares of common stock is available for purchase under the ESPP. The number of shares available for future purchase under the plan at </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> was </font><font style="font-family:inherit;font-size:10pt;">450,306</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Compensation:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following summarizes the compensation cost under the share and unit-based plans for the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stock awards</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">252</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stock units</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,045</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,305</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,041</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">LTIP units</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30,161</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32,957</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,622</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stock options</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">85</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Phantom stock units</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">714</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,231</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,444</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">37,005</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">40,529</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,375</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company capitalized share and unit-based compensation costs of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$6,206</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$7,241</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$6,008</font><font style="font-family:inherit;font-size:10pt;"> for the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The fair value of the stock awards and stock units that vested during the years ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> was </font><font style="font-family:inherit;font-size:10pt;">$5,257</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$5,644</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$8,794</font><font style="font-family:inherit;font-size:10pt;">, respectively. Unrecognized compensation costs of share and unit-based plans at </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> consisted of </font><font style="font-family:inherit;font-size:10pt;">$286</font><font style="font-family:inherit;font-size:10pt;"> from LTIP Units, </font><font style="font-family:inherit;font-size:10pt;">$3,239</font><font style="font-family:inherit;font-size:10pt;"> from stock units, </font><font style="font-family:inherit;font-size:10pt;">$176</font><font style="font-family:inherit;font-size:10pt;"> from stock options and </font><font style="font-family:inherit;font-size:10pt;">$324</font><font style="font-family:inherit;font-size:10pt;"> from phantom stock units.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">Dispositions</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, the Company conveyed </font><font style="font-family:inherit;font-size:10pt;">Great Northern Mall</font><font style="font-family:inherit;font-size:10pt;">, an </font><font style="font-family:inherit;font-size:10pt;">895,000</font><font style="font-family:inherit;font-size:10pt;"> square foot </font><font style="font-family:inherit;font-size:10pt;">regional shopping center</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;">Clay</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">New York</font><font style="font-family:inherit;font-size:10pt;">, to the mortgage lender by a deed-in-lieu of foreclosure and was discharged from the mortgage note payable. The loan was nonrecourse to the Company. As a result, the Company recognized a loss on the extinguishment of debt of </font><font style="font-family:inherit;font-size:10pt;">$1,627</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">November&#160;19, 2015</font><font style="font-family:inherit;font-size:10pt;">, the Company sold </font><font style="font-family:inherit;font-size:10pt;">Panorama Mall</font><font style="font-family:inherit;font-size:10pt;">, a </font><font style="font-family:inherit;font-size:10pt;">312,000</font><font style="font-family:inherit;font-size:10pt;"> square foot </font><font style="font-family:inherit;font-size:10pt;">community center</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;">Panorama City</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">California</font><font style="font-family:inherit;font-size:10pt;">, for </font><font style="font-family:inherit;font-size:10pt;">$98,000</font><font style="font-family:inherit;font-size:10pt;">, resulting in a gain on the sale of assets of </font><font style="font-family:inherit;font-size:10pt;">$73,726</font><font style="font-family:inherit;font-size:10pt;">. The Company used the proceeds from the sale to pay down its line of credit and for general corporate purposes.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">April&#160;13, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company sold </font><font style="font-family:inherit;font-size:10pt;">Capitola Mall</font><font style="font-family:inherit;font-size:10pt;">, a </font><font style="font-family:inherit;font-size:10pt;">586,000</font><font style="font-family:inherit;font-size:10pt;"> square foot </font><font style="font-family:inherit;font-size:10pt;">regional shopping center</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;">Capitola</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">California</font><font style="font-family:inherit;font-size:10pt;">, for </font><font style="font-family:inherit;font-size:10pt;">$93,000</font><font style="font-family:inherit;font-size:10pt;">, resulting in a gain on the sale of assets of </font><font style="font-family:inherit;font-size:10pt;">$24,894</font><font style="font-family:inherit;font-size:10pt;">. The Company used the proceeds from the sale to pay down its line of credit and for general corporate purposes.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">May&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company sold a </font><font style="font-family:inherit;font-size:10pt;">former Mervyn's store</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;">Yuma</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">Arizona</font><font style="font-family:inherit;font-size:10pt;">, for </font><font style="font-family:inherit;font-size:10pt;">$3,200</font><font style="font-family:inherit;font-size:10pt;">, resulting in a loss on the sale of assets of </font><font style="font-family:inherit;font-size:10pt;">$3,066</font><font style="font-family:inherit;font-size:10pt;">. The Company used the proceeds from the sale to pay down its line of credit and for general corporate purposes.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">July&#160;15, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company conveyed </font><font style="font-family:inherit;font-size:10pt;">Flagstaff Mall</font><font style="font-family:inherit;font-size:10pt;">, a </font><font style="font-family:inherit;font-size:10pt;">347,000</font><font style="font-family:inherit;font-size:10pt;"> square foot </font><font style="font-family:inherit;font-size:10pt;">regional shopping center</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;">Flagstaff</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">Arizona</font><font style="font-family:inherit;font-size:10pt;">, to the mortgage lender by a deed-in-lieu of foreclosure and was discharged from the mortgage note payable. The loan was non-recourse to the Company. As a result, the Company recognized a gain on the extinguishment of debt of </font><font style="font-family:inherit;font-size:10pt;">$5,284</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">January&#160;18, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company sold </font><font style="font-family:inherit;font-size:10pt;">Cascade Mall</font><font style="font-family:inherit;font-size:10pt;">, a </font><font style="font-family:inherit;font-size:10pt;">589,000</font><font style="font-family:inherit;font-size:10pt;"> square foot </font><font style="font-family:inherit;font-size:10pt;">regional shopping center</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;">Burlington</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">Washington</font><font style="font-family:inherit;font-size:10pt;">; and </font><font style="font-family:inherit;font-size:10pt;">Northgate Mall</font><font style="font-family:inherit;font-size:10pt;">, a </font><font style="font-family:inherit;font-size:10pt;">750,000</font><font style="font-family:inherit;font-size:10pt;"> square foot </font><font style="font-family:inherit;font-size:10pt;">regional shopping center</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;">San Rafael</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">California</font><font style="font-family:inherit;font-size:10pt;">, in a combined transaction for </font><font style="font-family:inherit;font-size:10pt;">$170,000</font><font style="font-family:inherit;font-size:10pt;">, resulting in a gain on the sale of assets of </font><font style="font-family:inherit;font-size:10pt;">$59,577</font><font style="font-family:inherit;font-size:10pt;">. The proceeds were used to pay off the mortgage note payable on </font><font style="font-family:inherit;font-size:10pt;">Northgate Mall</font><font style="font-family:inherit;font-size:10pt;"> and to repurchase shares of the Company's common stock under the </font><font style="font-family:inherit;font-size:10pt;font-weight:normal;">2017 Stock Buyback Program</font><font style="font-family:inherit;font-size:10pt;"> (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">13</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Stockholders' Equity</font><font style="font-family:inherit;font-size:10pt;">).</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">November&#160;16, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company sold </font><font style="font-family:inherit;font-size:10pt;">500 North Michigan Avenue</font><font style="font-family:inherit;font-size:10pt;">, a </font><font style="font-family:inherit;font-size:10pt;">326,000</font><font style="font-family:inherit;font-size:10pt;"> square foot </font><font style="font-family:inherit;font-size:10pt;">office building</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;">Chicago</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">Illinois</font><font style="font-family:inherit;font-size:10pt;"> for </font><font style="font-family:inherit;font-size:10pt;">$86,350</font><font style="font-family:inherit;font-size:10pt;">, resulting in a gain on sale of assets of </font><font style="font-family:inherit;font-size:10pt;">$14,597</font><font style="font-family:inherit;font-size:10pt;">. The Company used the proceeds from the sale to pay down its line of credit and for other general corporate purposes.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">Earnings Per Share</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> ("EPS"):</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;padding-left:18px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table reconciles the numerator and denominator used in the computation of earnings per share for the years ended December&#160;31 (shares in thousands):</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;padding-left:18px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:91.03313840155946%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td style="width:62%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Numerator</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">161,673</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">554,839</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">522,912</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net income attributable to noncontrolling interests</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(15,543</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(37,844</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(35,350</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net income attributable to the Company</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">146,130</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">516,995</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">487,562</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Allocation of earnings to participating securities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(757</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(779</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,493</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:6px;text-indent:-6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Numerator for basic and diluted EPS&#8212;net income attributable to common stockholders</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">145,373</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">516,216</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">486,069</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Denominator</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Denominator for basic EPS&#8212;weighted average number of common shares outstanding</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">141,877</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">146,599</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">157,916</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Effect of dilutive securities (1)</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Share and unit based compensation</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">112</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">144</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Denominator for diluted EPS&#8212;weighted average number of common shares outstanding</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">141,913</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">146,711</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">158,060</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EPS&#8212;net income attributable to common stockholders:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.02</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.52</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.08</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Diluted</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.02</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.52</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.08</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-left:18px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">____________________________________</font></div><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;padding-left:30px;"><font style="font-family:inherit;font-size:9pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Diluted EPS excludes </font><font style="font-family:inherit;font-size:9pt;">90,619</font><font style="font-family:inherit;font-size:9pt;">, </font><font style="font-family:inherit;font-size:9pt;">133,366</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">139,186</font><font style="font-family:inherit;font-size:9pt;"> convertible preferred units for the years ended </font><font style="font-family:inherit;font-size:9pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:9pt;">, </font><font style="font-family:inherit;font-size:9pt;">2016</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">2015</font><font style="font-family:inherit;font-size:9pt;">, respectively, as their impact was antidilutive.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:10px;padding-top:10px;padding-left:60px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Diluted EPS excludes </font><font style="font-family:inherit;font-size:9pt;">10,416,321</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">10,721,271</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">10,562,154</font><font style="font-family:inherit;font-size:9pt;"> Operating Partnership units ("OP Units") for the years ended </font><font style="font-family:inherit;font-size:9pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:9pt;">, </font><font style="font-family:inherit;font-size:9pt;">2016</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">2015</font><font style="font-family:inherit;font-size:9pt;">, respectively, as their effect was antidilutive.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Investments in Unconsolidated Joint Ventures:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following are the Company's direct or indirect investments in various joint ventures with third parties. The Company's direct or indirect ownership interest in each joint venture as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> was as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.26120857699804%;border-collapse:collapse;text-align:left;"><tr><td colspan="3" rowspan="1"></td></tr><tr><td style="width:85%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;text-decoration:underline;">Joint Venture</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Ownership %(1)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">443 Wabash MAB LLC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">45.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">AM Tysons LLC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Biltmore Shopping Center Partners&#160;LLC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Candlestick Center LLC&#8212;Fashion Outlets of San Francisco</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Coolidge Holding&#160;LLC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">37.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Corte Madera Village,&#160;LLC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Country Club Plaza KC Partners LLC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fashion District Philadelphia&#8212;Various Entities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Jaren Associates #4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Kierland Commons Investment&#160;LLC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Macerich HHF Centers LLC&#8212;Various Properties</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Macerich Northwestern Associates&#8212;Broadway Plaza</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">MS Portfolio LLC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New River Associates LLC&#8212;Arrowhead Towne Center</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">North Bridge Chicago&#160;LLC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">One Scottsdale Investors&#160;LLC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pacific Premier Retail LLC&#8212;Various Properties</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Propcor II Associates,&#160;LLC&#8212;Boulevard Shops</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Scottsdale Fashion Square Partnership</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Market at Estrella Falls&#160;LLC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">40.1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TM TRS Holding Company LLC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tysons Corner&#160;LLC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tysons Corner Hotel I LLC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tysons Corner Property Holdings II&#160;LLC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tysons Corner Property&#160;LLC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">West Acres Development,&#160;LLP</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Westcor/Queen Creek&#160;LLC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Westcor/Surprise Auto Park&#160;LLC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33.3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WMAP,&#160;L.L.C.&#8212;Atlas Park, The Shops at</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">_______________________________________________________________________________</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;padding-left:48px;"><font style="font-family:inherit;font-size:9pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">The Company's ownership interest in this table reflects its direct or indirect legal ownership interest. Legal ownership may, at times, not equal the Company&#8217;s economic interest in the listed entities because of various provisions in certain joint venture agreements regarding distributions of cash flow based on capital account balances, allocations of profits and losses and payments of preferred returns. As a result, the Company&#8217;s actual economic interest (as distinct from its legal ownership interest) in certain of the properties could fluctuate from time to time and may not wholly align with its legal ownership interests. Substantially all of the Company&#8217;s joint venture agreements contain rights of first refusal, buy-sell provisions, exit rights, default dilution remedies and/or other break up provisions or remedies which are customary in real estate joint venture agreements and which may, positively or negatively, affect the ultimate realization of cash flow and/or capital or liquidation proceeds.</font></div></td></tr></table><div style="line-height:120%;padding-left:90px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has made the following investments and dispositions in unconsolidated joint ventures during the years ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">February&#160;17, 2015</font><font style="font-family:inherit;font-size:10pt;">, the Company acquired the remaining </font><font style="font-family:inherit;font-size:10pt;">50%</font><font style="font-family:inherit;font-size:10pt;"> ownership interest in </font><font style="font-family:inherit;font-size:10pt;">Inland Center</font><font style="font-family:inherit;font-size:10pt;">, an </font><font style="font-family:inherit;font-size:10pt;">869,000</font><font style="font-family:inherit;font-size:10pt;"> square foot </font><font style="font-family:inherit;font-size:10pt;">regional shopping center</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;">San Bernardino</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">California</font><font style="font-family:inherit;font-size:10pt;">, that it did not previously own for </font><font style="font-family:inherit;font-size:10pt;">$51,250</font><font style="font-family:inherit;font-size:10pt;">. The purchase price was funded by a cash payment of </font><font style="font-family:inherit;font-size:10pt;">$26,250</font><font style="font-family:inherit;font-size:10pt;"> and the assumption of the third party's share of the mortgage note payable on the property of </font><font style="font-family:inherit;font-size:10pt;">$25,000</font><font style="font-family:inherit;font-size:10pt;">. Concurrent with the purchase of the joint venture interest, the Company paid off the </font><font style="font-family:inherit;font-size:10pt;">$50,000</font><font style="font-family:inherit;font-size:10pt;"> mortgage note payable on the property. The cash payment was funded by borrowings under the Company's line of credit. Prior to the acquisition, the Company had accounted for its investment in </font><font style="font-family:inherit;font-size:10pt;">Inland Center</font><font style="font-family:inherit;font-size:10pt;"> under the equity method of accounting. Since the date of acquisition, the Company has included </font><font style="font-family:inherit;font-size:10pt;">Inland Center</font><font style="font-family:inherit;font-size:10pt;"> in its consolidated financial statements (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">14</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Acquisitions</font><font style="font-family:inherit;font-size:10pt;">).</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">April&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, the Company entered into a </font><font style="font-family:inherit;font-size:10pt;">50</font><font style="font-family:inherit;font-size:10pt;">/50 joint venture with Sears to own </font><font style="font-family:inherit;font-size:10pt;">nine</font><font style="font-family:inherit;font-size:10pt;"> freestanding stores located at </font><font style="font-family:inherit;font-size:10pt;">Arrowhead Towne Center</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">Chandler Fashion Center</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">Danbury Fair Mall</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">Deptford Mall</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">Freehold Raceway Mall</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">Los Cerritos Center</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">South Plains Mall</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">Vintage Faire Mall</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">Washington Square</font><font style="font-family:inherit;font-size:10pt;">. The Company invested </font><font style="font-family:inherit;font-size:10pt;">$150,000</font><font style="font-family:inherit;font-size:10pt;"> for a </font><font style="font-family:inherit;font-size:10pt;">50%</font><font style="font-family:inherit;font-size:10pt;"> ownership interest in the joint venture, which was funded by borrowings under the Company's line of credit.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">October&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, the Company sold a </font><font style="font-family:inherit;font-size:10pt;">40%</font><font style="font-family:inherit;font-size:10pt;"> ownership interest in </font><font style="font-family:inherit;font-size:10pt;">Pacific Premier Retail LLC</font><font style="font-family:inherit;font-size:10pt;"> (the "</font><font style="font-family:inherit;font-size:10pt;">PPR Portfolio</font><font style="font-family:inherit;font-size:10pt;">"), which owns </font><font style="font-family:inherit;font-size:10pt;">Lakewood Center</font><font style="font-family:inherit;font-size:10pt;">, a </font><font style="font-family:inherit;font-size:10pt;">2,070,000</font><font style="font-family:inherit;font-size:10pt;"> square foot </font><font style="font-family:inherit;font-size:10pt;">regional shopping center</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;">Lakewood</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">California</font><font style="font-family:inherit;font-size:10pt;">; </font><font style="font-family:inherit;font-size:10pt;">Los Cerritos Center</font><font style="font-family:inherit;font-size:10pt;">, a </font><font style="font-family:inherit;font-size:10pt;">1,305,000</font><font style="font-family:inherit;font-size:10pt;"> square foot </font><font style="font-family:inherit;font-size:10pt;">regional shopping center</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;">Cerritos</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">California</font><font style="font-family:inherit;font-size:10pt;">; </font><font style="font-family:inherit;font-size:10pt;">South Plains Mall</font><font style="font-family:inherit;font-size:10pt;">, a </font><font style="font-family:inherit;font-size:10pt;">1,128,000</font><font style="font-family:inherit;font-size:10pt;"> square foot </font><font style="font-family:inherit;font-size:10pt;">regional shopping center</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;">Lubbock</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">Texas</font><font style="font-family:inherit;font-size:10pt;">; and </font><font style="font-family:inherit;font-size:10pt;">Washington Square</font><font style="font-family:inherit;font-size:10pt;">, a </font><font style="font-family:inherit;font-size:10pt;">1,442,000</font><font style="font-family:inherit;font-size:10pt;"> square foot </font><font style="font-family:inherit;font-size:10pt;">regional shopping center</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;">Portland</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">Oregon</font><font style="font-family:inherit;font-size:10pt;">, for a total sales price of </font><font style="font-family:inherit;font-size:10pt;">$1,258,643</font><font style="font-family:inherit;font-size:10pt;">, resulting in a gain on sale of assets of </font><font style="font-family:inherit;font-size:10pt;">$311,194</font><font style="font-family:inherit;font-size:10pt;">. The sales price was funded by a cash payment of </font><font style="font-family:inherit;font-size:10pt;">$545,643</font><font style="font-family:inherit;font-size:10pt;"> and the assumption of a pro rata share of the mortgage and other notes payable on the properties of </font><font style="font-family:inherit;font-size:10pt;">$713,000</font><font style="font-family:inherit;font-size:10pt;">. The Company used the cash proceeds from the sales to pay down its line of credit and for general corporate purposes, which included funding the ASR and Special Dividend (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">13</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Stockholders' Equity</font><font style="font-family:inherit;font-size:10pt;">). Upon completion of the sale of the ownership interest, the Company no longer has a controlling interest in the joint venture due to the substantive participation rights of the outside partner. Accordingly, the Company accounts for its investment in the </font><font style="font-family:inherit;font-size:10pt;">PPR Portfolio</font><font style="font-family:inherit;font-size:10pt;"> under the equity method of accounting.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">January&#160;6, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company sold a </font><font style="font-family:inherit;font-size:10pt;">40%</font><font style="font-family:inherit;font-size:10pt;"> ownership interest in </font><font style="font-family:inherit;font-size:10pt;">Arrowhead Towne Center</font><font style="font-family:inherit;font-size:10pt;">, a </font><font style="font-family:inherit;font-size:10pt;">1,197,000</font><font style="font-family:inherit;font-size:10pt;"> square foot </font><font style="font-family:inherit;font-size:10pt;">regional shopping center</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;">Glendale</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">Arizona</font><font style="font-family:inherit;font-size:10pt;">, for </font><font style="font-family:inherit;font-size:10pt;">$289,496</font><font style="font-family:inherit;font-size:10pt;">, resulting in a gain on the sale of assets of </font><font style="font-family:inherit;font-size:10pt;">$101,629</font><font style="font-family:inherit;font-size:10pt;">. The sales price was funded by a cash payment of </font><font style="font-family:inherit;font-size:10pt;">$129,496</font><font style="font-family:inherit;font-size:10pt;"> and the assumption of a pro rata share of the mortgage note payable on the property of </font><font style="font-family:inherit;font-size:10pt;">$160,000</font><font style="font-family:inherit;font-size:10pt;">. The Company used the cash proceeds from the sale to pay down its line of credit and for general corporate purposes, which included funding the Special Dividend (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">13</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Stockholders' Equity</font><font style="font-family:inherit;font-size:10pt;">). Upon completion of the sale of the ownership interest, the Company no longer has a controlling interest in the joint venture due to the substantive participation rights of the outside partner. Accordingly, the Company accounts for its investment in </font><font style="font-family:inherit;font-size:10pt;">Arrowhead Towne Center</font><font style="font-family:inherit;font-size:10pt;"> under the equity method of accounting.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">January&#160;14, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company formed a joint venture, whereby the Company sold a </font><font style="font-family:inherit;font-size:10pt;">49%</font><font style="font-family:inherit;font-size:10pt;"> ownership interest in </font><font style="font-family:inherit;font-size:10pt;">Deptford Mall</font><font style="font-family:inherit;font-size:10pt;">, a </font><font style="font-family:inherit;font-size:10pt;">1,040,000</font><font style="font-family:inherit;font-size:10pt;"> square foot </font><font style="font-family:inherit;font-size:10pt;">regional shopping center</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;">Deptford</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">New Jersey</font><font style="font-family:inherit;font-size:10pt;">; </font><font style="font-family:inherit;font-size:10pt;">FlatIron Crossing</font><font style="font-family:inherit;font-size:10pt;">, a </font><font style="font-family:inherit;font-size:10pt;">1,433,000</font><font style="font-family:inherit;font-size:10pt;"> square foot </font><font style="font-family:inherit;font-size:10pt;">regional shopping center</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;">Broomfield</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">Colorado</font><font style="font-family:inherit;font-size:10pt;">; and </font><font style="font-family:inherit;font-size:10pt;">Twenty Ninth Street</font><font style="font-family:inherit;font-size:10pt;">, an </font><font style="font-family:inherit;font-size:10pt;">847,000</font><font style="font-family:inherit;font-size:10pt;"> square foot </font><font style="font-family:inherit;font-size:10pt;">regional shopping center</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;">Boulder</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">Colorado</font><font style="font-family:inherit;font-size:10pt;"> (the "</font><font style="font-family:inherit;font-size:10pt;">MAC Heitman Portfolio</font><font style="font-family:inherit;font-size:10pt;">"), for </font><font style="font-family:inherit;font-size:10pt;">$771,478</font><font style="font-family:inherit;font-size:10pt;">, resulting in a gain on the sale of assets of </font><font style="font-family:inherit;font-size:10pt;">$340,734</font><font style="font-family:inherit;font-size:10pt;">. The sales price was funded by a cash payment of </font><font style="font-family:inherit;font-size:10pt;">$478,608</font><font style="font-family:inherit;font-size:10pt;"> and the assumption of a pro rata share of the mortgage notes payable on the properties of </font><font style="font-family:inherit;font-size:10pt;">$292,870</font><font style="font-family:inherit;font-size:10pt;">. The Company used the cash proceeds from the sale to pay down its line of credit and for general corporate purposes. Upon completion of the sale of the ownership interest, the Company no longer has a controlling interest in the joint venture due to the substantive participation rights of the outside partner. Accordingly, the Company accounts for its investment in the </font><font style="font-family:inherit;font-size:10pt;">MAC Heitman Portfolio</font><font style="font-family:inherit;font-size:10pt;"> under the equity method of accounting.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">March&#160;1, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company, through a </font><font style="font-family:inherit;font-size:10pt;">50</font><font style="font-family:inherit;font-size:10pt;">/50 joint venture, acquired </font><font style="font-family:inherit;font-size:10pt;">Country Club Plaza</font><font style="font-family:inherit;font-size:10pt;">, a </font><font style="font-family:inherit;font-size:10pt;">1,001,000</font><font style="font-family:inherit;font-size:10pt;"> square foot </font><font style="font-family:inherit;font-size:10pt;">regional shopping center</font><font style="font-family:inherit;font-size:10pt;"> in </font><font style="font-family:inherit;font-size:10pt;">Kansas City</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">Missouri</font><font style="font-family:inherit;font-size:10pt;">, for a purchase price of </font><font style="font-family:inherit;font-size:10pt;">$660,000</font><font style="font-family:inherit;font-size:10pt;">. The Company funded its pro rata share of the purchase price of </font><font style="font-family:inherit;font-size:10pt;">$330,000</font><font style="font-family:inherit;font-size:10pt;"> from borrowings under its line of credit. On </font><font style="font-family:inherit;font-size:10pt;">March&#160;28, 2016</font><font style="font-family:inherit;font-size:10pt;">, the joint venture placed a </font><font style="font-family:inherit;font-size:10pt;">$320,000</font><font style="font-family:inherit;font-size:10pt;"> loan on the property that bears interest at an effective rate of </font><font style="font-family:inherit;font-size:10pt;">3.88%</font><font style="font-family:inherit;font-size:10pt;"> and matures on </font><font style="font-family:inherit;font-size:10pt;">April&#160;1, 2026</font><font style="font-family:inherit;font-size:10pt;">. The Company used its pro rata share of the proceeds to pay down its line of credit and for general corporate purposes.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">March&#160;17, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company's joint venture in </font><font style="font-family:inherit;font-size:10pt;">Country Club Plaza</font><font style="font-family:inherit;font-size:10pt;"> sold an office building for </font><font style="font-family:inherit;font-size:10pt;">$78,000</font><font style="font-family:inherit;font-size:10pt;">, resulting in a gain on sale of assets of </font><font style="font-family:inherit;font-size:10pt;">$4,580</font><font style="font-family:inherit;font-size:10pt;">. The Company's pro rata share of the gain on sale of assets of </font><font style="font-family:inherit;font-size:10pt;">$2,290</font><font style="font-family:inherit;font-size:10pt;"> was included in equity in income of unconsolidated joint ventures. The Company used its share of the proceeds to fund repurchases under the </font><font style="font-family:inherit;font-size:10pt;font-weight:normal;">2017 Stock Buyback Program</font><font style="font-family:inherit;font-size:10pt;"> (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">13</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Stockholders' Equity</font><font style="font-family:inherit;font-size:10pt;">).</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">September&#160;18, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company's joint venture in </font><font style="font-family:inherit;font-size:10pt;">Fashion District Philadelphia</font><font style="font-family:inherit;font-size:10pt;"> sold an office building for </font><font style="font-family:inherit;font-size:10pt;">$61,500</font><font style="font-family:inherit;font-size:10pt;">, resulting in a gain on sale of assets of </font><font style="font-family:inherit;font-size:10pt;">$13,078</font><font style="font-family:inherit;font-size:10pt;">. The Company's pro rata share of the gain on sale of assets of </font><font style="font-family:inherit;font-size:10pt;">$6,539</font><font style="font-family:inherit;font-size:10pt;"> was included in equity in income of unconsolidated joint ventures. The Company used its share of the proceeds to fund repurchases under the </font><font style="font-family:inherit;font-size:10pt;font-weight:normal;">2017 Stock Buyback Program</font><font style="font-family:inherit;font-size:10pt;"> (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">13</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Stockholders' Equity</font><font style="font-family:inherit;font-size:10pt;">).</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">December&#160;14, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company&#8217;s joint venture in </font><font style="font-family:inherit;font-size:10pt;">Westcor/Queens Creek LLC</font><font style="font-family:inherit;font-size:10pt;"> sold land for </font><font style="font-family:inherit;font-size:10pt;">$30,491</font><font style="font-family:inherit;font-size:10pt;">, resulting in a gain on sale of assets of </font><font style="font-family:inherit;font-size:10pt;">$14,853</font><font style="font-family:inherit;font-size:10pt;">.&#160;The Company&#8217;s share of the gain on sale was </font><font style="font-family:inherit;font-size:10pt;">$5,436</font><font style="font-family:inherit;font-size:10pt;">, which was included in equity in income of unconsolidated joint ventures. The Company used its portion of the proceeds to pay down its line of credit and for general corporate purposes.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Combined and condensed balance sheets and statements of operations are presented below for all unconsolidated joint ventures.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Combined and Condensed Balance Sheets of Unconsolidated Joint Ventures as of December&#160;31:</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:69%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Assets(1):</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,052,105</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,176,642</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other assets</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">635,838</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">614,607</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,687,943</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,791,249</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Liabilities and partners' capital(1):</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mortgage and other notes payable(2)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,296,594</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,224,713</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">405,052</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">403,369</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Company's capital</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,188,057</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,279,819</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Outside partners' capital</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,798,240</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,883,348</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total liabilities and partners' capital</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,687,943</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,791,249</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investment in unconsolidated joint ventures:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Company's capital</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,188,057</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,279,819</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basis adjustment(3)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(562,021</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(584,887</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,626,036</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,694,932</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Assets&#8212;Investments in unconsolidated joint ventures</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,709,522</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,773,558</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Liabilities&#8212;Distributions in excess of investments in unconsolidated joint ventures</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(83,486</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(78,626</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,626,036</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,694,932</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">_______________________________________________________________________________</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:42px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:inherit;font-size:9pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">These amounts include the assets of </font><font style="font-family:inherit;font-size:9pt;">$3,106,105</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">$3,179,255</font><font style="font-family:inherit;font-size:9pt;"> of the </font><font style="font-family:inherit;font-size:9pt;">PPR Portfolio</font><font style="font-family:inherit;font-size:9pt;"> as of </font><font style="font-family:inherit;font-size:9pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">2016</font><font style="font-family:inherit;font-size:9pt;">, respectively, and liabilities of </font><font style="font-family:inherit;font-size:9pt;">$1,872,227</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">$1,887,952</font><font style="font-family:inherit;font-size:9pt;"> of the </font><font style="font-family:inherit;font-size:9pt;">PPR Portfolio</font><font style="font-family:inherit;font-size:9pt;"> as of </font><font style="font-family:inherit;font-size:9pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">2016</font><font style="font-family:inherit;font-size:9pt;">, respectively.</font></div></td></tr></table><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:42px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:inherit;font-size:9pt;">(2)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Included in mortgage and other notes payable are amounts due to affiliates of Northwestern Mutual Life ("NML") of </font><font style="font-family:inherit;font-size:9pt;">$482,332</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">$265,863</font><font style="font-family:inherit;font-size:9pt;"> as of </font><font style="font-family:inherit;font-size:9pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">2016</font><font style="font-family:inherit;font-size:9pt;">, respectively. NML is considered a related party because it is a joint venture partner with the Company in Macerich Northwestern Associates&#8212;Broadway Plaza. Interest expense incurred on these borrowings amounted to </font><font style="font-family:inherit;font-size:9pt;">$17,898</font><font style="font-family:inherit;font-size:9pt;">, </font><font style="font-family:inherit;font-size:9pt;">$16,898</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">$29,372</font><font style="font-family:inherit;font-size:9pt;"> for the years ended </font><font style="font-family:inherit;font-size:9pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:9pt;">, </font><font style="font-family:inherit;font-size:9pt;">2016</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">2015</font><font style="font-family:inherit;font-size:9pt;">, respectively.</font></div></td></tr></table><div style="line-height:120%;padding-left:42px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:42px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:inherit;font-size:9pt;">(3)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">The Company amortizes the difference between the cost of its investments in unconsolidated joint ventures and the book value of the underlying equity into income on a straight-line basis consistent with the lives of the underlying assets. The amortization of this difference was </font><font style="font-family:inherit;font-size:9pt;">$16,562</font><font style="font-family:inherit;font-size:9pt;">, </font><font style="font-family:inherit;font-size:9pt;">$17,610</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">$5,619</font><font style="font-family:inherit;font-size:9pt;"> for the years ended </font><font style="font-family:inherit;font-size:9pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:9pt;">, </font><font style="font-family:inherit;font-size:9pt;">2016</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">2015</font><font style="font-family:inherit;font-size:9pt;">, respectively.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Combined and Condensed Statements of Operations of Unconsolidated Joint Ventures:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:72.12475633528264%;border-collapse:collapse;text-align:left;"><tr><td colspan="14" rowspan="1"></td></tr><tr><td style="width:57%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">PPR Portfolio</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Other</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Joint</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Ventures</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Year Ended December&#160;31, 2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Revenues:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Minimum rents</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">134,450</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">501,732</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">636,182</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Percentage rents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,050</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">13,866</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">18,916</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Tenant recoveries</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">46,575</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">189,059</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">235,634</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,959</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">51,767</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">57,726</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Total revenues</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">192,034</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">756,424</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">948,458</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Expenses:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Shopping center and operating expenses</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">41,340</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">243,271</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">284,611</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">67,053</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">131,714</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">198,767</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Depreciation and amortization</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">101,625</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">250,921</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">352,546</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Total operating expenses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">210,018</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">625,906</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">835,924</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(Loss) gain on sale of assets</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(36</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">33,861</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">33,825</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Net (loss) income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(18,020</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">164,379</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">146,359</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Company's equity in net (loss) income</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(453</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">85,999</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">85,546</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Year Ended December&#160;31, 2016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Revenues:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Minimum rents</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">129,145</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">471,139</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">600,284</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Percentage rents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,437</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">15,480</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">20,917</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Tenant recoveries</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">47,856</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">187,288</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">235,144</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,303</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">49,937</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">56,240</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Total revenues</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">188,741</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">723,844</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">912,585</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Expenses:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Shopping center and operating expenses</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">39,804</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">234,704</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">274,508</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">64,626</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">123,043</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">187,669</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Depreciation and amortization</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">108,880</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">251,498</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">360,378</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Total operating expenses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">213,310</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">609,245</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">822,555</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Loss on sale of assets</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(375</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(375</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Net (loss) income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(24,569</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">114,224</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">89,655</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Company's equity in net (loss) income</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(3,088</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">60,029</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">56,941</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:68.61598440545808%;border-collapse:collapse;text-align:left;"><tr><td colspan="14" rowspan="1"></td></tr><tr><td style="width:51%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">PPR Portfolio(1)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Other</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Joint</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Ventures</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;">Year Ended December&#160;31, 2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Revenues:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Minimum rents</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">21,172</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">293,921</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">315,093</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Percentage rents</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,569</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">13,188</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">15,757</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Tenant recoveries</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">8,408</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">129,059</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">137,467</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,182</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">33,931</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">35,113</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Total revenues</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">33,331</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">470,099</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">503,430</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Expenses:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Shopping center and operating expenses</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">6,852</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">165,795</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">172,647</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Interest expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">10,448</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">78,279</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">88,727</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Depreciation and amortization</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">16,919</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">133,707</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">150,626</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Total operating expenses</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">34,219</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">377,781</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">412,000</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Gain on sale of assets</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">9,850</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">9,850</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Loss on extinguishment of debt</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Net (loss) income</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(888</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">102,165</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">101,277</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Company's equity in net income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,409</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">43,755</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">45,164</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">_______________________________________________________________________________</font></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:42px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:inherit;font-size:9pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">These amounts exclude the results of operations from January 1, 2015 to October 29, 2015, as the </font><font style="font-family:inherit;font-size:9pt;">PPR Portfolio</font><font style="font-family:inherit;font-size:9pt;"> was converted from Consolidated Centers to an Unconsolidated Joint Venture Centers effective October 30, 2015, as a result of the PPR Portfolio transaction as discussed above. </font></div></td></tr></table><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Significant accounting policies used by the unconsolidated joint ventures are similar to those used by the Company.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Investment in Unconsolidated Joint Ventures:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company accounts for its investments in joint ventures using the equity method of accounting unless the Company has a controlling financial interest in the joint venture or the joint venture meets the definition of a variable interest entity in which the Company is the primary beneficiary through both its power to direct activities that most significantly impact the economic performance of the variable interest entity and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the variable interest entity. Although the Company has a greater than </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">50%</font><font style="font-family:inherit;font-size:10pt;"> interest in Candlestick Center LLC, Corte Madera Village,&#160;LLC, Macerich HHF Centers LLC, New River Associates LLC and Pacific Premier Retail LLC, the Company does not have controlling financial interests in these joint ventures due to the substantive participation rights of the outside partners in these joint ventures and, therefore, accounts for its investments in these joint ventures using the equity method of accounting.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Equity method investments are initially recorded on the balance sheet at cost and are subsequently adjusted to reflect the Company&#8217;s proportionate share of net earnings and losses, distributions received, additional contributions and certain other adjustments, as appropriate. The Company separately reports investments in joint ventures when accumulated distributions have exceeded the Company&#8217;s investment, as distributions in excess of investments in unconsolidated joint ventures.&#160;The net investment of certain joint ventures is less than zero because of financing or operating distributions that are usually greater than net income, as net income includes charges for depreciation and amortization.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;"></font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following are the Company's direct or indirect investments in various joint ventures with third parties. The Company's direct or indirect ownership interest in each joint venture as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> was as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.26120857699804%;border-collapse:collapse;text-align:left;"><tr><td colspan="3" rowspan="1"></td></tr><tr><td style="width:85%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;text-decoration:underline;">Joint Venture</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Ownership %(1)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">443 Wabash MAB LLC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">45.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">AM Tysons LLC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Biltmore Shopping Center Partners&#160;LLC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Candlestick Center LLC&#8212;Fashion Outlets of San Francisco</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Coolidge Holding&#160;LLC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">37.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Corte Madera Village,&#160;LLC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Country Club Plaza KC Partners LLC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fashion District Philadelphia&#8212;Various Entities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Jaren Associates #4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12.5</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Kierland Commons Investment&#160;LLC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Macerich HHF Centers LLC&#8212;Various Properties</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">51.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Macerich Northwestern Associates&#8212;Broadway Plaza</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">MS Portfolio LLC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New River Associates LLC&#8212;Arrowhead Towne Center</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">North Bridge Chicago&#160;LLC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">One Scottsdale Investors&#160;LLC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pacific Premier Retail LLC&#8212;Various Properties</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Propcor II Associates,&#160;LLC&#8212;Boulevard Shops</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Scottsdale Fashion Square Partnership</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Market at Estrella Falls&#160;LLC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">40.1</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">TM TRS Holding Company LLC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tysons Corner&#160;LLC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tysons Corner Hotel I LLC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tysons Corner Property Holdings II&#160;LLC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tysons Corner Property&#160;LLC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">West Acres Development,&#160;LLP</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19.0</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Westcor/Queen Creek&#160;LLC</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Westcor/Surprise Auto Park&#160;LLC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33.3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WMAP,&#160;L.L.C.&#8212;Atlas Park, The Shops at</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">_______________________________________________________________________________</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;padding-left:48px;"><font style="font-family:inherit;font-size:9pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">The Company's ownership interest in this table reflects its direct or indirect legal ownership interest. Legal ownership may, at times, not equal the Company&#8217;s economic interest in the listed entities because of various provisions in certain joint venture agreements regarding distributions of cash flow based on capital account balances, allocations of profits and losses and payments of preferred returns. As a result, the Company&#8217;s actual economic interest (as distinct from its legal ownership interest) in certain of the properties could fluctuate from time to time and may not wholly align with its legal ownership interests. Substantially all of the Company&#8217;s joint venture agreements contain rights of first refusal, buy-sell provisions, exit rights, default dilution remedies and/or other break up provisions or remedies which are customary in real estate joint venture agreements and which may, positively or negatively, affect the ultimate realization of cash flow and/or capital or liquidation proceeds.</font></div></td></tr></table><div style="line-height:120%;padding-left:90px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br clear="none"/></font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes certain of the Company's assets that were measured on a nonrecurring basis as a result of impairment charges recorded for the years ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> as described above:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;text-indent:32px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:81.28654970760235%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:16%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December, 31</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total Fair Value Measurement</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Quoted Prices in Active Markets for Identical Assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Significant Other Observable Inputs</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Significant Unobservable Inputs</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(Level 1)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(Level 2)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(Level 3)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">86,100</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">86,100</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">49,700</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,200</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43,500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table sets forth quantitative information about the unobservable inputs of the Company&#8217;s Level 3 real estate recorded as of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;text-indent:32px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:56.53021442495126%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:42%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:27%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:27%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Unobservable Inputs</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Terminal capitalization rate</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.0% - 10.0%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9.0%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Discount rate</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8.0% - 15.0%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9.5%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Market rents per square foot</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;background-color:#cceeff;">$2.00 - $20.00</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;background-color:#cceeff;">$5.00 - $150.00</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Fair Value of Financial Instruments:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The fair value hierarchy distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity and the reporting entity's own assumptions about market participant assumptions.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Level&#160;1 inputs utilize quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Level&#160;2 inputs are inputs other than quoted prices included in Level&#160;1 that are observable for the asset or liability, either directly or indirectly. Level&#160;2 inputs may include quoted prices for similar assets and liabilities in active markets, as well as inputs that are observable for the asset or liability (other than quoted prices), such as interest rates, foreign exchange rates and yield curves that are observable at commonly quoted intervals. Level&#160;3 inputs are unobservable inputs for the asset or liability, which are typically based on an entity's own assumptions, as there is little, if any, related market activity. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company calculates the fair value of financial instruments and includes this additional information in the notes to consolidated financial statements when the fair value is different than the carrying value of those financial instruments. When the fair value reasonably approximates the carrying value, no additional disclosure is made.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Fair Value of Financial Instruments:(Continued)</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The fair values of interest rate agreements are determined using the market standard methodology of discounting the future expected cash receipts that would occur if variable interest rates fell below or rose above the strike rate of the interest rate agreements. The variable interest rates used in the calculation of projected receipts on the interest rate agreements are based on an expectation of future interest rates derived from observable market interest rate curves and volatilities. The Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty's nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts and guarantees.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting for Impairment:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company assesses whether an indicator of impairment in the value of its properties exists by considering expected future operating income, trends and prospects, as well as the effects of demand, competition and other economic factors. Such factors include projected rental revenue, operating costs and capital expenditures as well as estimated holding periods and capitalization rates. If an impairment indicator exists, the determination of recoverability is made based upon the estimated undiscounted future net cash flows, excluding interest expense. The amount of impairment loss, if any, is determined by comparing the fair value, as determined by a discounted cash flows analysis, with the carrying value of the related assets. The Company generally holds and operates its properties long-term, which decreases the likelihood of their carrying values not being recoverable. Properties classified as held for sale are measured at the lower of the carrying amount or fair value less cost to sell.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company reviews its investments in unconsolidated joint ventures for a series of operating losses and other factors that may indicate that a decrease in the value of its investments has occurred which is other-than-temporary. The investment in each unconsolidated joint venture is evaluated periodically, and as deemed necessary, for recoverability and valuation declines that are other-than-temporary.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">Income Taxes</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For income tax purposes, distributions paid to common stockholders consist of ordinary income, capital gains, unrecaptured Section&#160;1250 gain and return of capital or a combination thereof. The following table details the components of the distributions, on a per share basis, for the years ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> are as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90.83820662768031%;border-collapse:collapse;text-align:left;"><tr><td colspan="21" rowspan="1"></td></tr><tr><td style="width:29%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016 (1)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015 (1)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ordinary income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.98</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">69.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.94</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.20</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">24.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Capital gains</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.51</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17.8</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.24</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">71.4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.64</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">75.2</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Unrecaptured Section&#160;1250 gain</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.38</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.36</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Return of capital</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dividends paid</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.87</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.54</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.84</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">100.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">%</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">_______________________________________________________________________________</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:42px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><font style="font-family:inherit;font-size:9pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">During the year ended December 31, 2015, the Company paid cash dividends of </font><font style="font-family:inherit;font-size:9pt;">$4.63</font><font style="font-family:inherit;font-size:9pt;"> per common share. In addition, the Company declared a </font><font style="font-family:inherit;font-size:9pt;">$2.00</font><font style="font-family:inherit;font-size:9pt;"> special cash dividend to shareholders of record as of November 12, 2015 which was paid on January 6, 2016 (See Note&#160;</font><font style="font-family:inherit;font-size:9pt;">13</font><font style="font-family:inherit;font-size:9pt;">&#8212;</font><font style="font-family:inherit;font-size:9pt;">Stockholders' Equity</font><font style="font-family:inherit;font-size:9pt;">). Pursuant to relevant U.S. tax rules, </font><font style="font-family:inherit;font-size:9pt;">$0.21</font><font style="font-family:inherit;font-size:9pt;"> per common share of this dividend is treated as having been paid by the Company on December 31, 2015, and received by each shareholder of record as of November 12, 2015 on December 31, 2015. The balance of the special cash dividend has been included in the amount of dividends paid for the year ended December 31, 2016.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has made Taxable REIT Subsidiary elections for all of its corporate subsidiaries other than its Qualified REIT Subsidiaries. The elections, effective for the year beginning January&#160;1,&#160;2001 and future years, were made pursuant to Section&#160;856(l) of the Code.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The income tax provision of the TRSs for the years ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> are as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:6px;text-indent:-6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">185</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(176</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(15,779</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(546</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,223</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax (expense) benefit</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(15,594</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(722</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,223</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The income tax provision of the TRSs for the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;"> are reconciled to the amount computed by applying the Federal Corporate tax rate as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Book loss for TRSs</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,094</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,254</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,681</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:6px;text-indent:-6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tax at statutory rate on earnings from continuing operations before income taxes</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">712</font></div></td><td style="vertical-align:bottom;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,786</font></div></td><td style="vertical-align:bottom;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,632</font></div></td><td style="vertical-align:bottom;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Change in tax rates</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14,189</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">State taxes</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">109</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">160</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">420</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,226</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,668</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(829</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax (expense) benefit</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(15,594</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(722</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,223</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Tax Cuts and Jobs Act of 2017 (&#8220;TCJA&#8221;), signed into law on December 22, 2017, adjusted the federal corporate tax income rate to 21%.&#160; FASB Accounting Standards Codification Topic 740 requires deferred tax assets and liabilities to be measured at the enacted rate expected to apply when temporary differences are to be realized or settled. Accordingly, the Company has remeasured its ending deferred tax asset and reduced the value by </font><font style="font-family:inherit;font-size:10pt;">$14,189</font><font style="font-family:inherit;font-size:10pt;">. Additionally, GAAP requires that all adjustments resulting from tax rate changes be recorded to the income statement. Therefore, the Company recorded a </font><font style="font-family:inherit;font-size:10pt;">$14,189</font><font style="font-family:inherit;font-size:10pt;"> deferred tax expense in the fourth quarter related to the revaluation of its deferred tax assets and liabilities.&#160;&#160;</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The net operating loss carryforwards are currently scheduled to expire through 2035, beginning in 2025.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The tax effects of temporary differences and carryforwards of the TRSs included in the net deferred tax assets at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> are summarized as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:69%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net operating loss carryforwards</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,398</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,335</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:6px;text-indent:-6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property, primarily differences in depreciation and amortization, the tax basis of land assets and treatment of certain other costs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,077</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,720</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,531</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,246</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net deferred tax assets</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29,006</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38,301</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;"> there were no unrecognized tax benefits.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The tax years </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2014</font><font style="font-family:inherit;font-size:10pt;"> through </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> remain open to examination by the taxing jurisdictions to which the Company is subject. The Company does not expect that the total amount of unrecognized tax benefit will materially change within the next 12&#160;months.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income Taxes:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company elected to be taxed as a REIT under the Code commencing with its taxable year ended December&#160;31, 1994. To qualify as a REIT, the Company must meet a number of organizational and operational requirements, including a requirement that it distribute at least </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">90%</font><font style="font-family:inherit;font-size:10pt;"> of its taxable income to its stockholders. It is management's current intention to adhere to these requirements and maintain the Company's REIT status. As a REIT, the Company generally will not be subject to corporate level federal income tax on taxable income it distributes currently to its stockholders. If the Company fails to qualify as a REIT in any taxable year, then it will be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and may not be able to qualify as a REIT for </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">four</font><font style="font-family:inherit;font-size:10pt;"> subsequent taxable years. Even if the Company qualifies for taxation as a REIT, the Company may be subject to certain state and local taxes on its income and property and to federal income and excise taxes on its undistributed taxable income, if any.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Each partner is taxed individually on its share of partnership income or loss, and accordingly, no provision for federal and state income tax is provided for the Operating Partnership in the consolidated financial statements. The Company's taxable REIT subsidiaries ("TRSs") are subject to corporate level income taxes, which are provided for in the Company's consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred tax assets and liabilities are recognized for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The deferred tax assets and liabilities of the TRSs relate primarily to differences in the book and tax bases of property and to operating loss carryforwards for federal and state income tax purposes. A valuation allowance for deferred tax assets is provided if the Company believes it is more likely than not that all or some portion of the deferred tax assets will not be realized. Realization of deferred tax assets is dependent on the Company generating sufficient taxable income in future periods.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">Tenant and Other Receivables, net</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Included in tenant and other receivables, net is an allowance for doubtful accounts of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$2,786</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$1,991</font><font style="font-family:inherit;font-size:10pt;"> at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">, respectively. Also included in tenant and other receivables, net are accrued percentage rents of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$8,711</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$9,509</font><font style="font-family:inherit;font-size:10pt;"> at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">, respectively, and a deferred rent receivable due to straight-line rent adjustments of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$61,859</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$56,761</font><font style="font-family:inherit;font-size:10pt;"> at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">March&#160;17, 2014</font><font style="font-family:inherit;font-size:10pt;">, in connection with the sale of </font><font style="font-family:inherit;font-size:10pt;">Lake Square Mall</font><font style="font-family:inherit;font-size:10pt;">, a </font><font style="font-family:inherit;font-size:10pt;">559,000</font><font style="font-family:inherit;font-size:10pt;"> square foot regional shopping center in Leesburg, Florida, the Company issued a note receivable for </font><font style="font-family:inherit;font-size:10pt;">$6,500</font><font style="font-family:inherit;font-size:10pt;"> that bore interest at an effective rate of </font><font style="font-family:inherit;font-size:10pt;">6.5%</font><font style="font-family:inherit;font-size:10pt;"> and was to mature on </font><font style="font-family:inherit;font-size:10pt;">March&#160;17, 2018</font><font style="font-family:inherit;font-size:10pt;"> ("LSM Note A") and a note receivable for </font><font style="font-family:inherit;font-size:10pt;">$3,103</font><font style="font-family:inherit;font-size:10pt;"> that bore interest at </font><font style="font-family:inherit;font-size:10pt;">5.0%</font><font style="font-family:inherit;font-size:10pt;"> and was to mature on </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;"> ("LSM Note B"). LSM Note A and LSM Note B were paid off on </font><font style="font-family:inherit;font-size:10pt;">October&#160;20, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">September&#160;2, 2014</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">Noncontrolling Interests</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company allocates net income of the Operating Partnership based on the weighted-average ownership interest during the period. The net income of the Operating Partnership that is not attributable to the Company is reflected in the consolidated statements of operations as noncontrolling interests. The Company adjusts the noncontrolling interests in the Operating Partnership periodically to reflect its ownership interest in the Company. The Company had a </font><font style="font-family:inherit;font-size:10pt;">93%</font><font style="font-family:inherit;font-size:10pt;"> ownership interest in the Operating Partnership as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">. The remaining </font><font style="font-family:inherit;font-size:10pt;">7%</font><font style="font-family:inherit;font-size:10pt;"> limited partnership interest as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">, was owned by certain of the Company's executive officers and directors, certain of their affiliates, and other third party investors in the form of OP Units. The OP Units may be redeemed for shares of registered or unregistered stock or cash, at the Company's option. The redemption value for each OP Unit as of any balance sheet date is the amount equal to the average of the closing price per share of the Company's common stock, par value </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$0.01</font><font style="font-family:inherit;font-size:10pt;"> per share, as reported on the New York Stock Exchange for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">ten</font><font style="font-family:inherit;font-size:10pt;"> trading days ending on the respective balance sheet date. Accordingly, as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">, the aggregate redemption value of the then-outstanding OP Units not owned by the Company was </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$671,592</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$733,141</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company issued common and cumulative preferred units of MACWH,&#160;LP in April 2005 in connection with the acquisition of the Wilmorite portfolio. The common and preferred units of MACWH,&#160;LP are redeemable at the election of the holder, the Company may redeem them for cash or shares of the Company's stock at the Company's option, and they are classified as permanent equity.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Included in permanent equity are outside ownership interests in various consolidated joint ventures. The joint ventures do not have rights that require the Company to redeem the ownership interests in either cash or stock.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">Mortgage Notes Payable</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mortgage notes payable at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> consist of the following:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:96.29629629629629%;border-collapse:collapse;text-align:left;"><tr><td colspan="25" rowspan="1"></td></tr><tr><td style="width:33%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Carrying Amount of Mortgage Notes(1)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Effective Interest</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Rate(2)</font></div></td><td rowspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Monthly</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Debt</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Service(3)</font></div></td><td rowspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Maturity</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Date(4)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Property Pledged as Collateral</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Related Party</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Related Party</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Chandler Fashion Center(5)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">199,904</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">199,833</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.77</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">625</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Danbury Fair Mall</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">104,599</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">104,598</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">107,929</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">107,928</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5.53</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,538</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2020</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Fashion Outlets of Chicago(6)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">199,298</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">198,966</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.02</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">477</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2020</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Fashion Outlets of Niagara Falls USA</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">112,770</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">115,762</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.89</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">727</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2020</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Freehold Raceway Mall(5)(7)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">398,050</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">220,643</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.94</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,300</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2029</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Fresno Fashion Fair</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">323,261</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">323,062</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.67</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">971</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2026</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Green Acres Commons(8)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">107,219</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.07</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">322</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2021</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Green Acres Mall</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">291,366</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">297,798</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.61</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,447</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2021</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Kings Plaza Shopping Center</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">447,231</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">456,958</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.67</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,229</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Northgate Mall(9)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">63,434</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Oaks, The</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">196,732</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">201,235</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.14</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,064</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2022</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Pacific View</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">124,397</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">127,311</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.08</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">668</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2022</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Queens Center</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">600,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">600,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.49</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,744</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2025</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Santa Monica Place(10)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">296,366</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">219,564</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.13</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">706</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2022</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">SanTan Village Regional Center</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">124,703</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">127,724</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.14</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">589</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Stonewood Center(11)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">99,520</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Towne Mall</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">21,161</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">21,570</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.48</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">117</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2022</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Tucson La Encantada</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">66,970</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">68,513</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.23</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">368</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2022</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Victor Valley, Mall of</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">114,617</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">114,559</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.00</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">380</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2024</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Vintage Faire Mall</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">263,818</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">269,228</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3.55</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">1,256</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2026</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Westside Pavilion</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">141,020</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">143,881</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4.49</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">783</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2022</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">171,569</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">4,066,511</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">176,442</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,908,976</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:30px;"><font style="font-family:inherit;font-size:8pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">The mortgage notes payable balances include the unamortized debt premiums. Debt premiums represent the excess of the fair value of debt over the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></td></tr></table><div style="line-height:120%;padding-bottom:10px;padding-top:10px;padding-left:60px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">The debt premiums as of </font><font style="font-family:inherit;font-size:8pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:8pt;"> and </font><font style="font-family:inherit;font-size:8pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:8pt;"> consist of the following: </font></div><div style="line-height:120%;padding-left:60px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:72.51461988304094%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:64%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Property Pledged as Collateral</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Fashion Outlets of Niagara Falls USA</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,630</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">3,558</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Stonewood Center</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,349</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2,630</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">5,907</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;padding-left:60px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">The mortgage notes payable balances also include unamortized deferred finance costs that are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. Unamortized deferred finance costs were </font><font style="font-family:inherit;font-size:8pt;">$17,838</font><font style="font-family:inherit;font-size:8pt;"> and </font><font style="font-family:inherit;font-size:8pt;">$12,716</font><font style="font-family:inherit;font-size:8pt;"> at </font><font style="font-family:inherit;font-size:8pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:8pt;"> and </font><font style="font-family:inherit;font-size:8pt;">2016</font><font style="font-family:inherit;font-size:8pt;">, respectively.</font></div><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:30px;"><font style="font-family:inherit;font-size:8pt;">(2)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">The interest rate disclosed represents the effective interest rate, including the debt premiums and deferred finance costs.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:30px;"><font style="font-family:inherit;font-size:8pt;">(3)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">The monthly debt service represents the payment of principal and interest.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:30px;"><font style="font-family:inherit;font-size:8pt;">(4)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">The maturity date assumes that all extension options are fully exercised and that the Company does not opt to refinance the debt prior to these dates. These extension options are at the Company's discretion, subject to certain conditions, which the Company believes will be met.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:30px;"><font style="font-family:inherit;font-size:8pt;">(5)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">A </font><font style="font-family:inherit;font-size:8pt;">49.9%</font><font style="font-family:inherit;font-size:8pt;"> interest in the loan has been assumed by a third party in connection with a co-venture arrangement (See Note&#160;</font><font style="font-family:inherit;font-size:8pt;">11</font><font style="font-family:inherit;font-size:8pt;">&#8212;</font><font style="font-family:Times New Roman;font-size:8pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">Co-Venture Arrangement</font><font style="font-family:inherit;font-size:8pt;">).</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:30px;"><font style="font-family:inherit;font-size:8pt;">(6)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">The loan bears interest at LIBOR plus </font><font style="font-family:inherit;font-size:8pt;">1.50%</font><font style="font-family:inherit;font-size:8pt;"> and matures on </font><font style="font-family:inherit;font-size:8pt;">March&#160;31, 2020</font><font style="font-family:inherit;font-size:8pt;">. At </font><font style="font-family:inherit;font-size:8pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:8pt;"> and </font><font style="font-family:inherit;font-size:8pt;">2016</font><font style="font-family:inherit;font-size:8pt;">, the total interest rate was </font><font style="font-family:inherit;font-size:8pt;">3.02%</font><font style="font-family:inherit;font-size:8pt;"> and </font><font style="font-family:inherit;font-size:8pt;">2.43%</font><font style="font-family:inherit;font-size:8pt;">, respectively.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:30px;"><font style="font-family:inherit;font-size:8pt;">(7)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">On </font><font style="font-family:inherit;font-size:8pt;">October&#160;19, 2017</font><font style="font-family:inherit;font-size:8pt;">, the joint venture replaced the existing loan on the property with a new </font><font style="font-family:inherit;font-size:8pt;">$400,000</font><font style="font-family:inherit;font-size:8pt;"> loan that bears interest at an effective rate of </font><font style="font-family:inherit;font-size:8pt;">3.94%</font><font style="font-family:inherit;font-size:8pt;"> and matures on </font><font style="font-family:inherit;font-size:8pt;">November&#160;1, 2029</font><font style="font-family:inherit;font-size:8pt;">.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:30px;"><font style="font-family:inherit;font-size:8pt;">(8)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">On </font><font style="font-family:inherit;font-size:8pt;">September&#160;29, 2017</font><font style="font-family:inherit;font-size:8pt;">, the Company placed a new </font><font style="font-family:inherit;font-size:8pt;">$110,000</font><font style="font-family:inherit;font-size:8pt;"> loan on the property that bears interest at LIBOR plus </font><font style="font-family:inherit;font-size:8pt;">2.15%</font><font style="font-family:inherit;font-size:8pt;"> and matures on </font><font style="font-family:inherit;font-size:8pt;">March&#160;29, 2021</font><font style="font-family:inherit;font-size:8pt;">. The loan can be expanded, depending on certain conditions, up to </font><font style="font-family:inherit;font-size:8pt;">$130,000</font><font style="font-family:inherit;font-size:8pt;">. At </font><font style="font-family:inherit;font-size:8pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:8pt;">, the total interest rate was </font><font style="font-family:inherit;font-size:8pt;">4.07%</font><font style="font-family:inherit;font-size:8pt;">.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:30px;"><font style="font-family:inherit;font-size:8pt;">(9)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">On </font><font style="font-family:inherit;font-size:8pt;text-transform:default;">January&#160;18, 2017</font><font style="font-family:inherit;font-size:8pt;">, the loan was paid off in connection with sale of the underlying property (See Note&#160;</font><font style="font-family:inherit;font-size:8pt;">15</font><font style="font-family:inherit;font-size:8pt;">&#8212;</font><font style="font-family:inherit;font-size:8pt;">Dispositions</font><font style="font-family:inherit;font-size:8pt;">).</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:30px;"><font style="font-family:inherit;font-size:8pt;">(10)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">On </font><font style="font-family:inherit;font-size:8pt;">December&#160;4, 2017</font><font style="font-family:inherit;font-size:8pt;">, the Company replaced the existing loan on the property with a new </font><font style="font-family:inherit;font-size:8pt;">$300,000</font><font style="font-family:inherit;font-size:8pt;"> loan that bears interest at </font><font style="font-family:inherit;font-size:8pt;">LIBOR</font><font style="font-family:inherit;font-size:8pt;"> plus </font><font style="font-family:inherit;font-size:8pt;">1.35%</font><font style="font-family:inherit;font-size:8pt;"> and matures on </font><font style="font-family:inherit;font-size:8pt;">December&#160;9, 2019</font><font style="font-family:inherit;font-size:8pt;"> with </font><font style="font-family:inherit;font-size:8pt;">three</font><font style="font-family:inherit;font-size:8pt;"> one-year extension options. The loan is covered by an interest rate cap agreement that effectively prevents </font><font style="font-family:inherit;font-size:8pt;">LIBOR</font><font style="font-family:inherit;font-size:8pt;"> from exceeding </font><font style="font-family:inherit;font-size:8pt;">4.00%</font><font style="font-family:inherit;font-size:8pt;"> (See Note&#160;</font><font style="font-family:inherit;font-size:8pt;">5</font><font style="font-family:inherit;font-size:8pt;">&#8212;</font><font style="font-family:inherit;font-size:8pt;">Derivative Instruments and Hedging Activities</font><font style="font-family:inherit;font-size:8pt;">). At </font><font style="font-family:inherit;font-size:8pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:8pt;"> the total interest rate was </font><font style="font-family:inherit;font-size:8pt;">3.13%</font><font style="font-family:inherit;font-size:8pt;">.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:30px;"><font style="font-family:inherit;font-size:8pt;">(11)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">On </font><font style="font-family:inherit;font-size:8pt;">November&#160;1, 2017</font><font style="font-family:inherit;font-size:8pt;">, the Company paid off the loan on the property. </font></div></td></tr></table><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Most of the mortgage loan agreements contain a prepayment penalty provision for the early extinguishment of the debt. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, all of the Company's mortgage notes payable are secured by the properties on which they are placed and are non-recourse to the Company. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total interest expense capitalized during the years ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> was </font><font style="font-family:inherit;font-size:10pt;">$13,160</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$10,316</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$13,052</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Related party mortgage notes payable are amounts due to affiliates of NML. See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">18</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">Related Party Transactions</font><font style="font-family:inherit;font-size:10pt;"> for interest expense associated with loans from NML.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The estimated fair value (Level 2 measurement) of mortgage notes payable at </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> was </font><font style="font-family:inherit;font-size:10pt;">$4,250,816</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$4,126,819</font><font style="font-family:inherit;font-size:10pt;">, respectively, based on current interest rates for comparable loans. Fair value was determined using a present value model and an interest rate that included a credit value adjustment based on the estimated value of the property that serves as collateral for the underlying debt.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The future maturities of mortgage notes payable are as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:85%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Year Ending December&#160;31,</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">49,800</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">796,591</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">528,456</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2021</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">401,733</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2022</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">802,552</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Thereafter</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">1,674,156</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,253,288</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Debt premium</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2,630</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Deferred finance cost, net</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">(17,838</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4,238,080</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The future maturities reflected above reflect the extension options that the Company believes will be exercised.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">Organization</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Macerich Company (the "Company") is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers (the "Centers") located throughout the United States.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company commenced operations effective with the completion of its initial public offering on March&#160;16, 1994. As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company was the sole general partner of and held a </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">93%</font><font style="font-family:inherit;font-size:10pt;"> ownership interest in The Macerich Partnership,&#160;L.P. (the "Operating Partnership"). The Company was organized to qualify as a real estate investment trust ("REIT") under the Internal Revenue Code of 1986, as amended (the "Code").</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The property management, leasing and redevelopment of the Company's portfolio is provided by the Company's management companies, Macerich Property Management Company,&#160;LLC, a single member Delaware limited liability company, Macerich Management Company, a California corporation, Macerich Arizona Partners&#160;LLC, a single member Arizona limited liability company, Macerich Arizona Management&#160;LLC, a single member Delaware limited liability company, Macerich Partners of Colorado LLC, a single member Colorado limited liability company, MACW Mall Management,&#160;Inc., a New York corporation, and MACW Property Management,&#160;LLC, a single member New York limited liability company. All </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">seven</font><font style="font-family:inherit;font-size:10pt;"> of the management companies are owned by the Company and are collectively referred to herein as the "Management Companies."</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recent Accounting Pronouncements:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update ("ASU") 2014-09,&#160;&#8220;Revenue From Contracts With Customers,&#8221;&#160;which outlines a comprehensive model for entities to use in accounting for revenue arising from contracts with customers. The standard states that &#8220;an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.&#8221; While the standard specifically references contracts with customers, it may apply to certain other transactions such as the sale of real estate or equipment. The standard will initially apply to the Company's recognition of management companies and other revenues. This standard will not apply to the Company's recognition of tenant recoveries until January 1, 2019, when it adopts ASU 2016-02, "Leases (Topic 842)", as discussed below. The Company's adoption of ASU 2014-09 on January 1, 2018 did not have a significant impact on the pattern of revenue recognition for management companies and other revenues. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:11pt;"><font style="font-family:inherit;font-size:10pt;">Additionally, under ASU 2014-09, the Company will account for its joint venture in </font><font style="font-family:inherit;font-size:10pt;">Chandler Fashion Center</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">Freehold Raceway Mall</font><font style="font-family:inherit;font-size:10pt;"> (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">11</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Co-Venture Arrangement</font><font style="font-family:inherit;font-size:10pt;">) as a financing arrangement. The financing arrangement liability is required to be recorded at fair value upon adoption and any subsequent changes in fair value recognized as interest expense in the Company's consolidated statements of operations. The Company's adoption of this standard effective January 1, 2018 is expected to result in the replacement of its </font><font style="font-family:inherit;font-size:10pt;">$31,150</font><font style="font-family:inherit;font-size:10pt;"> distributions in excess of co-venture obligation (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">8</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Deferred Charges and Other Assets, net</font><font style="font-family:inherit;font-size:10pt;">) with a financing arrangement liability estimated to be </font><font style="font-family:inherit;font-size:10pt;">$393,700</font><font style="font-family:inherit;font-size:10pt;"> on its consolidated balance sheets. This will result in the recognition of an estimated </font><font style="font-family:inherit;font-size:10pt;">$424,850</font><font style="font-family:inherit;font-size:10pt;"> increase in the Company&#8217;s accumulated deficit as a cumulative effect adjustment under the modified retrospective method of adoption. The financing arrangement liability and cumulative effect adjustment are provisional and are still being evaluated by management. Such amounts are subject to change and will be finalized on the Company&#8217;s consolidated financial statements for the three months ended March 31, 2018.&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:11pt;"> </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recent Accounting Pronouncements: (Continued)</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02, which sets out principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e. lessees and lessors). The standard requires that lessors expense, on an as-incurred basis, certain initial direct costs that are not incremental in negotiating a lease. Under existing standards, certain of these costs are capitalizable and therefore this new standard may result in certain of these costs being expensed as incurred after adoption. Additionally, under the standard, certain common area maintenance recoveries must be accounted for as a non-lease component. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under ASU 2016-02, lessees apply a dual approach, classifying leases as either finance or operating leases. A lessee is required to record a right-of-use asset and a lease liability for all leases with a term of greater than twelve months, regardless of their lease classification. The Company is a lessee on ground leases at certain properties, on certain office space leases and on certain other improvements and equipment. The standard will impact the accounting and disclosure requirements for these leases. The standard is effective for the Company under a modified retrospective approach beginning January 1, 2019. The Company is evaluating the impact of the adoption of this standard on its consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In November 2017, the FASB decided to proceed with issuing a final accounting standards update on the new leasing standard, which would provide additional practical expedients that can be elected upon adoption of ASU 2016-02 on January 1, 2019. The FASB issued an exposure draft on January 5, 2018 that includes a practical expedient that would allow lessors, as an accounting policy election by class of underlying asset, to not bifurcate non-lease components from the related lease components if certain conditions are met, and a practical expedient that would enable a cumulative effect transition option in which a company would not have to adjust their comparative period financial statements for the effects of the new standard. The Company plans on utilizing the practical expedients provided by ASU 2016-02 and the final accounting standards update and will continue to monitor and review updates as they are provided by the FASB.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the FASB issued ASU 2016-09, "Compensation-Stock Compensation (Topic 718)," which amended the accounting for share-based payments, including the income tax consequences, classification of awards and classification on the statement of cash flows. The Company's adoption of this standard on January 1, 2017 under the modified retrospective method resulted in the recognition of excess tax benefits of </font><font style="font-family:inherit;font-size:10pt;">$6,484</font><font style="font-family:inherit;font-size:10pt;"> as a cumulative effect adjustment, which reduced its accumulated deficit and increased its deferred tax assets by the same amount.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2016, the FASB issued ASU 2016-15, "Statement of Cash flows (Topic 230)," which amended the accounting for the statement of cash flows by providing guidance on how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The Company's adoption of this standard on January 1, 2017 resulted in the reclassification of </font><font style="font-family:inherit;font-size:10pt;">$12,028</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$14,579</font><font style="font-family:inherit;font-size:10pt;"> of debt extinguishment costs from operating activities to financing activities on its consolidated statements of cash flows for the </font><font style="font-family:inherit;font-size:10pt;">year ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On November 17, 2016, the FASB issued ASU 2016-18, &#8220;Restricted Cash,&#8221; which requires that the statement of cash flows explain the change during a reporting period in the total of cash, cash equivalents, and amounts generally described as restricted cash and restricted cash equivalents. This standard states that transfers between cash, cash equivalents, and restricted cash are not part of the entity&#8217;s operating, investing, and financing activities. Therefore, restricted cash should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The Company's adoption of this standard on January 1, 2018 did not have a significant impact on its consolidated statements of cash flows.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On January 5, 2017, the FASB issued ASU 2017-01,&#160;&#8220;Business Combinations,&#8221; which clarifies the definition of a business. The objective of the standard is to add further guidance that assists entities in evaluating whether a transaction will be accounted for as an acquisition of an asset or a business. The guidance requires an entity to evaluate if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets. If so, the set of transferred assets and activities are not a business and should be treated as an asset acquisition. The guidance also requires a business to include at least one substantive process and narrows the definition of outputs. The primary difference between business combinations and asset acquisitions is the recognition of transaction costs, which are expensed as period costs for business combinations and capitalized for asset acquisitions. The Company's adoption of this standard on January 1, 2018 did not have a significant impact on its consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recent Accounting Pronouncements: (Continued)</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2017, the FASB issued ASU No. 2017-05,&#160;&#8220;Other Income-Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets,&#8221;&#160;which clarifies the scope of asset derecognition and adds further guidance for recognizing gains and losses from the transfer of nonfinancial assets in contracts with non-customers. The Company's adoption of this standard on January 1, 2018 did not have a significant impact on its consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2017, the FASB issued ASU 2017-12,&#160;&#8220;Targeted Improvements to Accounting for Hedging Activities,&#8221; which aims to (i) improve the transparency and understandability of information conveyed to&#160;financial statement users about an entity&#8217;s risk management activities by better aligning the&#160;entity&#8217;s financial reporting for hedging relationships with those risk management activities and&#160;(ii) reduce the complexity of and simplify the application of hedge accounting by preparers. The standard is effective for the Company beginning January 1, 2019, with early adoption permitted. The Company is evaluating the impact of the adoption of this standard on its consolidated financial statements.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">Future Rental Revenues</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under existing non-cancelable operating lease agreements, tenants are committed to pay the following minimum rental payments to the Company:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:85%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Year Ending December&#160;31,</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">508,750</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">432,248</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">386,803</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">332,080</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2022</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">283,600</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thereafter</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">850,735</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,794,216</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">Deferred Charges and Other Assets, net</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred charges and other assets, net at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> consist of the following:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:69%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Leasing</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">232,819</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">239,983</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Intangible assets:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In-place lease values(1)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">108,432</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">140,437</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Leasing commissions and legal costs(1)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,958</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32,384</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Above-market leases</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">164,040</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">181,851</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred tax assets</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29,006</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38,301</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred compensation plan assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">52,221</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">42,711</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Distributions in excess of co-venture obligation(2)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,150</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other assets</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">66,990</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72,206</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">710,616</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">747,873</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less accumulated amortization(3)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(261,426</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(269,815</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">449,190</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">478,058</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">_______________________________</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The amortization of these intangible assets for the next five years and thereafter is as follows:</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:90px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:85%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Year Ending December&#160;31,</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,165</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,115</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,418</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,866</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2022</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,136</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thereafter</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,183</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">59,883</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">(2)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">11</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Co-Venture Arrangement</font><font style="font-family:inherit;font-size:10pt;">.</font></div></td></tr></table><div style="line-height:120%;padding-left:90px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">(3)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accumulated amortization includes </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$74,507</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$88,785</font><font style="font-family:inherit;font-size:10pt;"> relating to in-place lease values, leasing commissions and legal costs at </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">, respectively. Amortization expense for in-place lease values, leasing commissions and legal costs was </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$19,988</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$33,048</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$69,460</font><font style="font-family:inherit;font-size:10pt;"> for the years ended </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The allocated values of above-market leases and below-market leases consist of the following:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:69%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Above-Market Leases</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Original allocated value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">164,040</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">181,851</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less accumulated amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(60,210</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(57,505</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">103,830</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">124,346</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Below-Market Leases(1)</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Original allocated value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">120,573</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">144,713</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less accumulated amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(55,489</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(58,400</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">65,084</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">86,313</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">_______________________________</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Below&#8209;market leases are included in other accrued liabilities.</font></div></td></tr></table><div style="line-height:120%;padding-left:90px;text-indent:-42px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The allocated values of above and below-market leases will be amortized into minimum rents on a straight-line basis over the individual remaining lease terms. The amortization of these values for the next five years and thereafter is as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.84600389863547%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:68%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Year Ending December&#160;31,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Above</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Market</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Below</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Market</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,109</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,657</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,265</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,400</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,088</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,016</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,944</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,286</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2022</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,370</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,201</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thereafter</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">63,054</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23,524</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">103,830</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">65,084</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">Employee Benefit Plans</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">401(k) Plan:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has a defined contribution retirement plan that covers its eligible employees (the "Plan"). The Plan is a defined contribution retirement plan covering eligible employees of the Macerich Property Management Company, LLC and participating affiliates. The Plan is qualified in accordance with section 401(a) of the Code. Effective January 1, 1995, the Plan was amended to constitute a qualified cash or deferred arrangement under section 401(k) of the Code, whereby employees can elect to defer compensation subject to Internal Revenue Service withholding rules. This Plan was further amended effective as of February 1, 1999 to add The Macerich Company Common Stock Fund as a new investment alternative under the Plan. A total of </font><font style="font-family:inherit;font-size:10pt;">150,000</font><font style="font-family:inherit;font-size:10pt;"> shares of common stock were reserved for issuance under the Plan, which was subsequently increased by an additional </font><font style="font-family:inherit;font-size:10pt;">500,000</font><font style="font-family:inherit;font-size:10pt;"> shares in February 2013. On January 1, 2004, the Plan adopted the "Safe Harbor" provision under Sections 401(k)(12) and 401(m)(11) of the Code. In accordance with adopting these provisions, the Company makes matching contributions equal to </font><font style="font-family:inherit;font-size:10pt;">100 percent</font><font style="font-family:inherit;font-size:10pt;"> of the first </font><font style="font-family:inherit;font-size:10pt;">three percent</font><font style="font-family:inherit;font-size:10pt;"> of compensation deferred by a participant and </font><font style="font-family:inherit;font-size:10pt;">50 percent</font><font style="font-family:inherit;font-size:10pt;"> of the next </font><font style="font-family:inherit;font-size:10pt;">two percent</font><font style="font-family:inherit;font-size:10pt;"> of compensation deferred by a participant. During the years ended </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">, these matching contributions made by the Company were </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$3,481</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$3,384</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$3,299</font><font style="font-family:inherit;font-size:10pt;">, respectively. Contributions and matching contributions to the Plan by the plan sponsor and/or participating affiliates are recognized as an expense of the Company in the period that they are made.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Deferred Compensation Plans:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has established deferred compensation plans under which executives and key employees of the Company may elect to defer receiving a portion of their cash compensation otherwise payable in one calendar year until a later year. The Company may, as determined by the Board of Directors in its sole discretion prior to the beginning of the plan year, credit a participant's account with a matching amount equal to a percentage of the participant's deferral. The Company contributed </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$1,069</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$1,032</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$933</font><font style="font-family:inherit;font-size:10pt;"> to the plans during the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively. Contributions are recognized as compensation in the periods they are made.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">Property, net</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> consists of the following:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:69%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Land</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,567,152</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,607,590</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Buildings and improvements</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,385,035</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,511,741</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tenant improvements</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">620,352</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">622,878</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Equipment and furnishings</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">187,998</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">177,036</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Construction in progress</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">366,996</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">289,966</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,127,533</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,209,211</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less accumulated depreciation</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,018,303</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,851,901</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,109,230</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,357,310</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Depreciation expense for the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;"> was </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$277,917</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$277,270</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$354,977</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The gain on sale or write down of assets, net for the </font><font style="font-family:inherit;font-size:10pt;">year ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> includes a gain of </font><font style="font-family:inherit;font-size:10pt;">$59,577</font><font style="font-family:inherit;font-size:10pt;"> on the sale of </font><font style="font-family:inherit;font-size:10pt;">Cascade Mall</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">Northgate Mall</font><font style="font-family:inherit;font-size:10pt;"> (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">15</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Dispositions</font><font style="font-family:inherit;font-size:10pt;">), </font><font style="font-family:inherit;font-size:10pt;">$14,597</font><font style="font-family:inherit;font-size:10pt;"> on the sale of </font><font style="font-family:inherit;font-size:10pt;">500 North Michigan Avenue</font><font style="font-family:inherit;font-size:10pt;"> (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">15</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Dispositions</font><font style="font-family:inherit;font-size:10pt;">) and </font><font style="font-family:inherit;font-size:10pt;">$1,564</font><font style="font-family:inherit;font-size:10pt;"> on the sales of land. These gains were offset in part by a loss of </font><font style="font-family:inherit;font-size:10pt;">$22,108</font><font style="font-family:inherit;font-size:10pt;"> on impairment, </font><font style="font-family:inherit;font-size:10pt;">$10,138</font><font style="font-family:inherit;font-size:10pt;"> on the write down of an investment in non-real estate assets and </font><font style="font-family:inherit;font-size:10pt;">$1,046</font><font style="font-family:inherit;font-size:10pt;"> on the write off of development costs. The loss on impairment was due to the reduction of the estimated holding periods of </font><font style="font-family:inherit;font-size:10pt;">Southridge Center</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">Promenade at Casa Grande</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The gain on sale or write down of assets, net for the </font><font style="font-family:inherit;font-size:10pt;">year ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> includes a gain of </font><font style="font-family:inherit;font-size:10pt;">$101,629</font><font style="font-family:inherit;font-size:10pt;"> on the sale of a </font><font style="font-family:inherit;font-size:10pt;">40%</font><font style="font-family:inherit;font-size:10pt;"> ownership interest in </font><font style="font-family:inherit;font-size:10pt;">Arrowhead Towne Center</font><font style="font-family:inherit;font-size:10pt;"> (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">4</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Investments in Unconsolidated Joint Ventures</font><font style="font-family:inherit;font-size:10pt;">), </font><font style="font-family:inherit;font-size:10pt;">$340,734</font><font style="font-family:inherit;font-size:10pt;"> on the sale of a </font><font style="font-family:inherit;font-size:10pt;">49%</font><font style="font-family:inherit;font-size:10pt;"> ownership interest in the </font><font style="font-family:inherit;font-size:10pt;">MAC Heitman Portfolio</font><font style="font-family:inherit;font-size:10pt;"> (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">4</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Investments in Unconsolidated Joint Ventures</font><font style="font-family:inherit;font-size:10pt;">), </font><font style="font-family:inherit;font-size:10pt;">$24,894</font><font style="font-family:inherit;font-size:10pt;"> on the sale of </font><font style="font-family:inherit;font-size:10pt;">Capitola Mall</font><font style="font-family:inherit;font-size:10pt;"> (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">15</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Dispositions</font><font style="font-family:inherit;font-size:10pt;">) and </font><font style="font-family:inherit;font-size:10pt;">$4,546</font><font style="font-family:inherit;font-size:10pt;"> on the sale of land. These gains were offset in part by a loss of </font><font style="font-family:inherit;font-size:10pt;">$39,671</font><font style="font-family:inherit;font-size:10pt;"> on impairment, a charge of </font><font style="font-family:inherit;font-size:10pt;">$12,180</font><font style="font-family:inherit;font-size:10pt;"> from a contingent consideration obligation, a loss of </font><font style="font-family:inherit;font-size:10pt;">$3,066</font><font style="font-family:inherit;font-size:10pt;"> on the sale of a former Mervyn's store (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">15</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Dispositions</font><font style="font-family:inherit;font-size:10pt;">) and </font><font style="font-family:inherit;font-size:10pt;">$1,538</font><font style="font-family:inherit;font-size:10pt;"> on the write-off of development costs. The loss on impairment was due to the reduction of the estimated holding periods of </font><font style="font-family:inherit;font-size:10pt;">Cascade Mall</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">Promenade at Casa Grande</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">The Marketplace at Flagstaff</font><font style="font-family:inherit;font-size:10pt;"> and a freestanding store.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The gain on sale or write down of assets, net for the </font><font style="font-family:inherit;font-size:10pt;">year ended</font><font style="font-family:inherit;font-size:10pt;"> December&#160;31, 2015 includes the gain of </font><font style="font-family:inherit;font-size:10pt;">$311,194</font><font style="font-family:inherit;font-size:10pt;"> on the sale of a </font><font style="font-family:inherit;font-size:10pt;">40%</font><font style="font-family:inherit;font-size:10pt;"> ownership interest in the </font><font style="font-family:inherit;font-size:10pt;">PPR Portfolio</font><font style="font-family:inherit;font-size:10pt;"> (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">4</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Investments in Unconsolidated Joint Ventures</font><font style="font-family:inherit;font-size:10pt;">), </font><font style="font-family:inherit;font-size:10pt;">$73,726</font><font style="font-family:inherit;font-size:10pt;"> on the sale of </font><font style="font-family:inherit;font-size:10pt;">Panorama Mall</font><font style="font-family:inherit;font-size:10pt;"> (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">15</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Dispositions</font><font style="font-family:inherit;font-size:10pt;">), </font><font style="font-family:inherit;font-size:10pt;">$2,336</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;"> on the sale of assets and </font><font style="font-family:inherit;font-size:10pt;">$1,807</font><font style="font-family:inherit;font-size:10pt;"> on the sale of land offset in part by a loss of </font><font style="font-family:inherit;font-size:10pt;">$9,963</font><font style="font-family:inherit;font-size:10pt;"> on impairment and </font><font style="font-family:inherit;font-size:10pt;">$852</font><font style="font-family:inherit;font-size:10pt;"> on the write-off of development costs. The loss on impairment was due to the reduction of the estimated holding periods of </font><font style="font-family:inherit;font-size:10pt;">Flagstaff Mall</font><font style="font-family:inherit;font-size:10pt;"> (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">15</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Dispositions</font><font style="font-family:inherit;font-size:10pt;">) and a freestanding store.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes certain of the Company's assets that were measured on a nonrecurring basis as a result of impairment charges recorded for the years ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> as described above:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;text-indent:32px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:81.28654970760235%;border-collapse:collapse;text-align:left;"><tr><td colspan="17" rowspan="1"></td></tr><tr><td style="width:16%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:17%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Years ended December, 31</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" rowspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total Fair Value Measurement</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Quoted Prices in Active Markets for Identical Assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Significant Other Observable Inputs</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Significant Unobservable Inputs</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(Level 1)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(Level 2)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(Level 3)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2017</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">86,100</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">86,100</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2015</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">49,700</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,200</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">43,500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The fair value relating to impairments that were based on sales contracts were classified within Level 2 of the fair value hierarchy. The fair value relating to impairment assessments that were not based on sales contracts were based on a discounted cash flow model that included all cash inflows and outflows over a specific holding period. Such projected cash flows are comprised of contractual rental revenues and forecasted rental revenues and expenses based upon market conditions and expectations for growth. Terminal capitalization rates and discount rates utilized in these models are based on a reasonable range of current market rates for each property analyzed. Based upon these inputs, the Company determined that its valuations of properties using a discounted cash flow model are classified within Level 3 of the fair value hierarchy. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table sets forth quantitative information about the unobservable inputs of the Company&#8217;s Level 3 real estate recorded as of </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;text-indent:32px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:56.53021442495126%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:42%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:27%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:27%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Unobservable Inputs</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Terminal capitalization rate</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.0% - 10.0%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9.0%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Discount rate</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8.0% - 15.0%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9.5%</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Market rents per square foot</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;background-color:#cceeff;">$2.00 - $20.00</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;background-color:#cceeff;">$5.00 - $150.00</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Property:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Maintenance and repair expenses are charged to operations as incurred. Costs for major replacements and betterments, which includes HVAC equipment, roofs, parking lots, etc., are capitalized and depreciated over their estimated useful lives. Gains and losses are recognized upon disposal or retirement of the related assets and are reflected in earnings.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property is recorded at cost and is depreciated using a straight-line method over the estimated useful lives of the assets as follows:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;text-indent:32px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="2" rowspan="1"></td></tr><tr><td style="width:85%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Buildings and improvements</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5&#160;-&#160;40&#160;years</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tenant improvements</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5&#160;-&#160;7&#160;years</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Equipment and furnishings</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5&#160;-&#160;7&#160;years</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">Quarterly Financial Data</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"> (Unaudited):</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following is a summary of quarterly results of operations for the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="32" rowspan="1"></td></tr><tr><td style="width:21%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017 Quarter Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016 Quarter Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Dec 31</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Sep 30</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Jun 30</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Mar 31</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Dec 31</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Sep 30</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Jun 30</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Mar 31</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">256,743</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">242,451</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">247,423</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">247,045</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">272,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">253,367</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">259,904</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">256,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:6px;text-indent:-6px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net income attributable to the Company(1)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">32,751</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">17,498</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">26,638</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">69,243</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">37,128</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">13,730</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">45,222</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">420,915</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:6px;text-indent:-6px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net income attributable to common stockholders per share-basic</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.23</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.12</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.19</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.48</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.26</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.09</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.31</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2.77</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:6px;text-indent:-6px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net income attributable to common stockholders per share-diluted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.23</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.12</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.19</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.48</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.26</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.09</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.31</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2.76</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">_____________________</font></div><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:18px;"><font style="font-family:inherit;font-size:8pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Net income attributable to the Company for the quarter ended March&#160;31, 2016 includes the gain on sale of assets of </font><font style="font-family:inherit;font-size:8pt;">$101,629</font><font style="font-family:inherit;font-size:8pt;"> from the </font><font style="font-family:inherit;font-size:8pt;">Arrowhead Towne Center</font><font style="font-family:inherit;font-size:8pt;"> transaction (See Note&#160;</font><font style="font-family:inherit;font-size:8pt;">4</font><font style="font-family:inherit;font-size:8pt;">&#8212;</font><font style="font-family:inherit;font-size:8pt;">Investments in Unconsolidated Joint Ventures</font><font style="font-family:inherit;font-size:8pt;">) and </font><font style="font-family:inherit;font-size:8pt;">$340,734</font><font style="font-family:inherit;font-size:8pt;"> from the </font><font style="font-family:inherit;font-size:8pt;">MAC Heitman Portfolio</font><font style="font-family:inherit;font-size:8pt;"> transaction (See Note&#160;</font><font style="font-family:inherit;font-size:8pt;">4</font><font style="font-family:inherit;font-size:8pt;">&#8212;</font><font style="font-family:inherit;font-size:8pt;">Investments in Unconsolidated Joint Ventures</font><font style="font-family:inherit;font-size:8pt;">).</font></div></td></tr></table></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.92831541218638%;border-collapse:collapse;text-align:left;"><tr><td colspan="44" rowspan="1"></td></tr><tr><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:4%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:5%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:5%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:4%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:5%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:5%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:4%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Initial Cost to Company</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Gross Amount at Which Carried at Close of Period</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Shopping Centers/Entities</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Land</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Building and</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Improvements</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Equipment</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">and</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Furnishings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Cost Capitalized</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Subsequent to</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Acquisition</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Land</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Building and</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Improvements</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Equipment</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">and</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Furnishings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Construction</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">in Progress</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Accumulated</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Depreciation</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Total Cost</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Net of</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Accumulated</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Depreciation</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Chandler Fashion Center</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">24,188</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">223,143</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">19,336</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">24,188</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">236,717</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">5,762</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">266,667</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">105,891</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">160,776</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Danbury Fair Mall</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">130,367</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">316,951</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">114,644</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">142,751</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">409,658</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">9,257</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">296</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">561,962</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">143,969</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">417,993</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Desert Sky Mall</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">9,447</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">37,245</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">12</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">4,598</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">9,082</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">40,886</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">1,334</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">51,302</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">10,315</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">40,987</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Eastland Mall</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">22,050</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">151,605</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">11,855</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">22,066</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">160,977</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">2,199</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">268</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">185,510</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">28,798</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">156,712</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Estrella Falls</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">10,550</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">71,512</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">10,747</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">14,254</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">57,061</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">82,062</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">1,181</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">80,881</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Fashion Outlets of Chicago</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">262,936</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">40,575</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">217,945</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">4,131</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">285</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">262,936</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">45,946</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">216,990</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Fashion Outlets of Niagara Falls USA</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">18,581</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">210,139</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">101,022</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">22,936</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">304,202</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">2,354</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">250</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">329,742</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">62,663</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">267,079</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">The Marketplace at Flagstaff</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">45,840</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">45,838</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">2</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">45,840</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">21,980</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">23,860</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Freehold Raceway Mall</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">164,986</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">362,841</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">123,130</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">168,098</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">474,036</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">8,789</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">34</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">650,957</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">176,715</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">474,242</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Fresno Fashion Fair</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">17,966</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">72,194</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">43,852</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">17,966</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">113,147</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">2,428</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">471</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">134,012</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">53,177</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">80,835</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Green Acres Mall</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">156,640</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">321,034</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">177,943</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">179,274</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">464,133</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">9,264</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">2,946</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">655,617</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">81,986</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">573,631</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Inland Center</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">8,321</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">83,550</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">25,509</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">10,291</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">106,983</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">61</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">45</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">117,380</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">12,618</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">104,762</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Kings Plaza Shopping Center</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">209,041</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">485,548</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">20,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">171,964</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">195,701</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">466,529</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">28,137</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">196,186</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">886,553</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">75,113</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">811,440</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">La Cumbre Plaza</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">18,122</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">21,492</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">24,830</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">17,280</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">46,096</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">426</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">642</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">64,444</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">24,061</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">40,383</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Macerich Management Co.</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">1,150</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">10,475</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">26,562</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">54,558</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">3,878</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">15,094</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">66,598</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">7,175</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">92,745</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">57,437</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">35,308</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">MACWH, LP</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">25,771</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">18,545</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">11,557</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">27,455</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">5,304</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">44,316</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">9,121</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">35,195</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">NorthPark Mall</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">7,746</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">74,661</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">10,266</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">7,885</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">84,284</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">504</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">92,673</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">17,512</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">75,161</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Oaks, The</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">32,300</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">117,156</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">260,520</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">56,387</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">350,325</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">3,099</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">165</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">409,976</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">138,052</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">271,924</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Pacific View</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">8,697</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">8,696</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">130,806</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">7,854</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">137,572</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">2,262</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">511</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">148,199</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">68,254</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">79,945</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Paradise Valley Mall</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">33,445</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">128,485</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">36,472</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">39,382</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">155,485</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">2,606</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">929</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">198,402</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">74,731</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">123,671</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Promenade at Casa Grande</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">15,089</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">50,736</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">3,900</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">61,849</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">76</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">65,825</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">39,735</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">26,090</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Queens Center</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">251,474</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">1,039,922</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">32,254</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">256,786</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">1,063,912</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">2,478</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">474</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">1,323,650</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">88,343</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">1,235,307</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Santa Monica Place</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">26,400</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">105,600</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">329,495</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">48,374</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">403,953</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">8,071</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">1,097</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">461,495</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">118,272</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">343,223</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">SanTan Adjacent Land</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">29,414</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">8,105</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">30,506</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">7,013</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">37,519</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">37,519</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">SanTan Village Regional Center</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">7,827</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">198,366</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">5,839</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">195,690</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">1,562</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">3,102</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">206,193</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">87,621</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">118,572</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">SouthPark Mall</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">7,035</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">38,215</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">25,600</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">7,479</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">62,511</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">415</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">445</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">70,850</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">12,497</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">58,353</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Southridge Center</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">6,764</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">8,412</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">2,676</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">12,290</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">99</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">111</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">15,176</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">5,046</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">10,130</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Stonewood Center</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">4,948</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">302,527</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">8,723</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">4,935</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">311,163</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">100</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">316,198</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">29,927</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">286,271</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Superstition Springs Center</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">10,928</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">112,718</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">8,140</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">10,928</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">120,392</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">466</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">131,786</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">15,896</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">115,890</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Superstition Springs Power Center</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">1,618</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">4,420</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">290</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">1,618</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">4,627</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">83</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">6,328</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">1,889</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">4,439</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Tangerine (Marana), The Shops at</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">36,158</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">(8,462</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">16,922</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">10,774</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">27,696</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">27,696</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td colspan="44" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">See accompanying report of independent registered public accounting firm.</font></div></td></tr></table></div><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.92831541218638%;border-collapse:collapse;text-align:left;"><tr><td colspan="44" rowspan="1"></td></tr><tr><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:4%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:5%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:5%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:4%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:5%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:5%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:4%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:6%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">&#160;</font></div></td><td colspan="11" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Initial Cost to Company</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Gross Amount at Which Carried at Close of Period</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Shopping Centers/Entities</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Land</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Building and</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Improvements</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Equipment</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">and</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Furnishings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Cost Capitalized</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Subsequent to</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Acquisition</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Land</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Building and</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Improvements</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Equipment</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">and</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Furnishings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Construction</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">in Progress</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Total</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Accumulated</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Depreciation</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-bottom:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Total Cost</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Net of</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Accumulated</font></div><div style="text-align:center;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;font-weight:bold;">Depreciation</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">The Macerich Partnership, L.P.</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">2,534</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">23,773</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">10,823</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">15,484</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">26,307</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">2,559</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">23,748</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Towne Mall</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">6,652</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">31,184</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">4,870</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">6,877</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">35,221</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">518</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">90</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">42,706</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">15,066</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">27,640</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Tucson La Encantada</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">12,800</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">19,699</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">56,549</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">12,800</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">75,618</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">597</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">33</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">89,048</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">42,637</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">46,411</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Valley Mall</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">16,045</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">26,098</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">13,856</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">15,616</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">40,005</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">378</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">55,999</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">8,258</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">47,741</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Valley River Center</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">24,854</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">147,715</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">23,592</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">24,854</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">168,840</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">1,954</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">513</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">196,161</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">60,194</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">135,967</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Victor Valley, Mall of</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">15,700</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">75,230</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">53,028</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">20,080</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">121,774</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">2,104</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">143,958</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">49,257</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">94,701</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Vintage Faire Mall</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">14,902</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">60,532</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">59,390</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">17,645</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">115,179</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">1,777</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">223</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">134,824</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">70,638</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">64,186</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Westside Pavilion</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">34,100</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">136,819</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">77,198</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">34,100</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">201,512</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">5,820</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">6,685</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">248,117</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">106,511</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">141,606</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Wilton Mall</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">19,743</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">67,855</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">26,762</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">19,810</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">93,407</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">1,143</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">114,360</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">36,604</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">77,756</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Other freestanding stores</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">5,926</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">31,785</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">10,113</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">5,927</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">41,576</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">321</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">47,824</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">15,929</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">31,895</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">Other land and development properties</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">33,795</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">50,423</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">31,582</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">4,252</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">48,384</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">84,218</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">1,904</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">82,314</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">1,455,769</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">4,853,839</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">46,574</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">2,771,351</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">1,567,152</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">7,005,387</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">187,998</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">366,996</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">9,127,533</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">2,018,303</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:7pt;"><font style="font-family:inherit;font-size:7pt;">7,109,230</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Depreciation of the Company's investment in buildings and improvements reflected in the consolidated statements of operations are calculated over the estimated useful lives of the asset as follows:</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:81.35265700483092%;border-collapse:collapse;text-align:left;"><tr><td colspan="2" rowspan="1"></td></tr><tr><td style="width:85%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Buildings and improvements</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5&#160;-&#160;40&#160;years</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tenant improvements</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5&#160;-&#160;7&#160;years</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Equipment and furnishings</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5&#160;-&#160;7&#160;years</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The changes in total real estate assets for the three years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> are as follows:</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:81.35265700483092%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balances, beginning of year</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,209,211</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,689,656</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,777,882</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Additions</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">202,280</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">254,604</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">392,575</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dispositions and retirements</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(283,958</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,735,049</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,480,801</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balances, end of year</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,127,533</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,209,211</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,689,656</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;The aggregate cost of the property included in the table above for federal income tax purposes was </font><font style="font-family:inherit;font-size:10pt;">$8,551,235</font><font style="font-family:inherit;font-size:10pt;"> (unaudited) at </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The changes in accumulated depreciation for the three years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> are as follows:</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:81.35265700483092%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balances, beginning of year</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,851,901</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,892,744</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,709,992</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Additions</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">277,917</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">277,270</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">354,977</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dispositions and retirements</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(111,515</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(318,113</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(172,225</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balances, end of year</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,018,303</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,851,901</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,892,744</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">See accompanying report of independent registered public accounting firm.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">Related Party Transactions</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain unconsolidated joint ventures have engaged the Management Companies to manage the operations of the Centers. Under these arrangements, the Management Companies are reimbursed for compensation paid to on-site employees, leasing agents and project managers at the Centers, as well as insurance costs and other administrative expenses. The following are fees charged to unconsolidated joint ventures for the years ended December&#160;31:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Management fees</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,105</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,937</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,064</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Development and leasing fees</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,558</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,907</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,615</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,663</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,844</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,679</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain mortgage notes on the properties are held by NML (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">9</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">Mortgage Notes Payable</font><font style="font-family:inherit;font-size:10pt;">). Interest expense in connection with these notes was </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$8,731</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$8,973</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$10,515</font><font style="font-family:inherit;font-size:10pt;"> for the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively. Included in accounts payable and accrued expenses is interest payable to this related party of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$716</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$736</font><font style="font-family:inherit;font-size:10pt;"> at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Due from (to) affiliates includes </font><font style="font-family:inherit;font-size:10pt;">$5,411</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$(6,809)</font><font style="font-family:inherit;font-size:10pt;"> of unreimbursed (prepaid) costs and fees due from (to) unconsolidated joint ventures under management agreements at </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">, respectively. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In addition, due from affiliates at </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> includes a note receivable from RED/303 LLC ("RED") that bears interest at </font><font style="font-family:inherit;font-size:10pt;">5.25%</font><font style="font-family:inherit;font-size:10pt;"> and matures on May 30, 2021. Interest income earned on this note was </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$268</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$366</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$520</font><font style="font-family:inherit;font-size:10pt;"> for the years ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively. The balance on this note receivable was </font><font style="font-family:inherit;font-size:10pt;">$4,796</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$5,593</font><font style="font-family:inherit;font-size:10pt;"> at </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">, respectively. RED is considered a related party because it is a partner in a joint venture development project. The note is collateralized by RED's interest in a development agreement.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Also included in due from affiliates is a note receivable from </font><font style="font-family:inherit;font-size:10pt;">Lennar Corporation</font><font style="font-family:inherit;font-size:10pt;"> that bears interest at LIBOR plus </font><font style="font-family:inherit;font-size:10pt;">2%</font><font style="font-family:inherit;font-size:10pt;"> and matures upon the completion of certain milestones in connection with the development of </font><font style="font-family:inherit;font-size:10pt;">Fashion Outlets of San Francisco</font><font style="font-family:inherit;font-size:10pt;">. Interest income earned on this note was </font><font style="font-family:inherit;font-size:10pt;">$2,513</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$2,234</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$1,872</font><font style="font-family:inherit;font-size:10pt;"> for the years ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively. The balance on this note was </font><font style="font-family:inherit;font-size:10pt;">$71,955</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$69,443</font><font style="font-family:inherit;font-size:10pt;"> at </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">, respectively. </font><font style="font-family:inherit;font-size:10pt;">Lennar Corporation</font><font style="font-family:inherit;font-size:10pt;"> is considered a related party because it has an ownership interest in </font><font style="font-family:inherit;font-size:10pt;">Fashion Outlets of San Francisco</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Percentage rents are recognized and accrued when tenants' specified sales targets have been met.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Estimated recoveries from certain tenants for their pro rata share of real estate taxes, insurance and other shopping center operating expenses are recognized as revenues in the period the applicable expenses are incurred. Other tenants pay a fixed rate and these tenant recoveries are recognized as revenues on a straight-line basis over the term of the related leases.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Management Companies provide property management, leasing, corporate, development, redevelopment and acquisition services to affiliated and non-affiliated shopping centers.</font></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenues:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Minimum rental revenues are recognized on a straight-line basis over the terms of the related leases. The difference between the amount of rent due in a year and the amount recorded as rental income is referred to as the "straight-line rent adjustment." </font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The allocated values of above-market leases and below-market leases consist of the following:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:69%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Above-Market Leases</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Original allocated value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">164,040</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">181,851</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less accumulated amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(60,210</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(57,505</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">103,830</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">124,346</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Below-Market Leases(1)</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Original allocated value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">120,573</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">144,713</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less accumulated amortization</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(55,489</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(58,400</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">65,084</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">86,313</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">_______________________________</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Below&#8209;market leases are included in other accrued liabilities.</font></div></td></tr></table></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following summarizes the compensation cost under the share and unit-based plans for the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stock awards</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">20</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">252</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stock units</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,045</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,305</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,041</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">LTIP units</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">30,161</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32,957</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,622</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Stock options</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">85</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Phantom stock units</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">714</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,231</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,444</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">37,005</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">40,529</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">34,375</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The income tax provision of the TRSs for the years ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> are as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:6px;text-indent:-6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Current</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">185</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(176</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(15,779</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(546</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,223</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax (expense) benefit</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(15,594</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(722</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,223</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The tax effects of temporary differences and carryforwards of the TRSs included in the net deferred tax assets at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> are summarized as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:69%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net operating loss carryforwards</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,398</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,335</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:6px;text-indent:-6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property, primarily differences in depreciation and amortization, the tax basis of land assets and treatment of certain other costs</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,077</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,720</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,531</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,246</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net deferred tax assets</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29,006</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38,301</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following derivative was outstanding at </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;text-indent:32px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:72.4609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:31%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Property</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Notional Amount</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Product</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">LIBOR Rate</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Maturity</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Santa Monica Place</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">300,000</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Cap</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">4.00</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">12/9/2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">11</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;padding-left:18px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table reconciles the numerator and denominator used in the computation of earnings per share for the years ended December&#160;31 (shares in thousands):</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;padding-left:18px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:91.03313840155946%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td style="width:62%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Numerator</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net Income</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">161,673</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">554,839</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">522,912</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net income attributable to noncontrolling interests</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(15,543</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(37,844</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(35,350</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net income attributable to the Company</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">146,130</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">516,995</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">487,562</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Allocation of earnings to participating securities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(757</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(779</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,493</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:6px;text-indent:-6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Numerator for basic and diluted EPS&#8212;net income attributable to common stockholders</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">145,373</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">516,216</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">486,069</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Denominator</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Denominator for basic EPS&#8212;weighted average number of common shares outstanding</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">141,877</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">146,599</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">157,916</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Effect of dilutive securities (1)</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Share and unit based compensation</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">36</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">112</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">144</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Denominator for diluted EPS&#8212;weighted average number of common shares outstanding</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">141,913</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">146,711</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">158,060</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EPS&#8212;net income attributable to common stockholders:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.02</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.52</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.08</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Diluted</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.02</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.52</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.08</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-left:18px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">____________________________________</font></div><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;padding-left:30px;"><font style="font-family:inherit;font-size:9pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Diluted EPS excludes </font><font style="font-family:inherit;font-size:9pt;">90,619</font><font style="font-family:inherit;font-size:9pt;">, </font><font style="font-family:inherit;font-size:9pt;">133,366</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">139,186</font><font style="font-family:inherit;font-size:9pt;"> convertible preferred units for the years ended </font><font style="font-family:inherit;font-size:9pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:9pt;">, </font><font style="font-family:inherit;font-size:9pt;">2016</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">2015</font><font style="font-family:inherit;font-size:9pt;">, respectively, as their impact was antidilutive.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:10px;padding-top:10px;padding-left:60px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Diluted EPS excludes </font><font style="font-family:inherit;font-size:9pt;">10,416,321</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">10,721,271</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">10,562,154</font><font style="font-family:inherit;font-size:9pt;"> Operating Partnership units ("OP Units") for the years ended </font><font style="font-family:inherit;font-size:9pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:9pt;">, </font><font style="font-family:inherit;font-size:9pt;">2016</font><font style="font-family:inherit;font-size:9pt;"> and </font><font style="font-family:inherit;font-size:9pt;">2015</font><font style="font-family:inherit;font-size:9pt;">, respectively, as their effect was antidilutive.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The income tax provision of the TRSs for the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;"> are reconciled to the amount computed by applying the Federal Corporate tax rate as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Book loss for TRSs</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,094</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,254</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,681</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:6px;text-indent:-6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tax at statutory rate on earnings from continuing operations before income taxes</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">712</font></div></td><td style="vertical-align:bottom;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,786</font></div></td><td style="vertical-align:bottom;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,632</font></div></td><td style="vertical-align:bottom;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Change in tax rates</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(14,189</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">State taxes</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">109</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">160</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">420</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,226</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,668</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(829</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax (expense) benefit</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(15,594</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(722</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,223</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under existing non-cancelable operating lease agreements, tenants are committed to pay the following minimum rental payments to the Company:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:85%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Year Ending December&#160;31,</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">508,750</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">432,248</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">386,803</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">332,080</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2022</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">283,600</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thereafter</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">850,735</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,794,216</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Minimum future rental payments required under the leases are as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:85%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Year Ending December&#160;31,</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,461</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,334</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,351</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,999</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2022</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,021</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thereafter</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">208,184</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">255,350</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The future maturities of bank and other notes payable are as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:76.80311890838206%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:84%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Year Ending December&#160;31,</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">830</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">875</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">922</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">937,105</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">939,732</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred finance cost</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7,548</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">932,184</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the activity of non-vested stock awards during the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="21" rowspan="1"></td></tr><tr><td style="width:23%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Shares</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at beginning of year</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,612</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">62.01</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,189</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">59.25</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Granted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vested</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,612</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">62.01</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7,577</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58.67</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at end of year</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,612</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">62.01</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred charges and other assets, net at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> consist of the following:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:69%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Leasing</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">232,819</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">239,983</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Intangible assets:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In-place lease values(1)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">108,432</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">140,437</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Leasing commissions and legal costs(1)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,958</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32,384</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Above-market leases</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">164,040</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">181,851</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred tax assets</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29,006</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38,301</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred compensation plan assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">52,221</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">42,711</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Distributions in excess of co-venture obligation(2)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">31,150</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other assets</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">66,990</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72,206</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">710,616</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">747,873</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less accumulated amortization(3)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(261,426</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(269,815</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">449,190</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">478,058</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">_______________________________</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The amortization of these intangible assets for the next five years and thereafter is as follows:</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:90px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:85%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Year Ending December&#160;31,</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,165</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,115</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,418</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,866</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2022</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,136</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thereafter</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,183</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">59,883</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">(2)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">11</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Co-Venture Arrangement</font><font style="font-family:inherit;font-size:10pt;">.</font></div></td></tr></table><div style="line-height:120%;padding-left:90px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:90px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:inherit;font-size:10pt;">(3)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accumulated amortization includes </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$74,507</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$88,785</font><font style="font-family:inherit;font-size:10pt;"> relating to in-place lease values, leasing commissions and legal costs at </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">, respectively. Amortization expense for in-place lease values, leasing commissions and legal costs was </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$19,988</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$33,048</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">$69,460</font><font style="font-family:inherit;font-size:10pt;"> for the years ended </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div></td></tr></table></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following is a summary of quarterly results of operations for the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="32" rowspan="1"></td></tr><tr><td style="width:21%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:7%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017 Quarter Ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016 Quarter Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Dec 31</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Sep 30</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Jun 30</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Mar 31</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Dec 31</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Sep 30</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Jun 30</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Mar 31</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Revenues</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">256,743</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">242,451</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">247,423</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">247,045</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">272,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">253,367</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">259,904</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">256,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:6px;text-indent:-6px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net income attributable to the Company(1)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">32,751</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">17,498</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">26,638</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">69,243</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">37,128</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">13,730</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">45,222</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">420,915</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:6px;text-indent:-6px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net income attributable to common stockholders per share-basic</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.23</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.12</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.19</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.48</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.26</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.09</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.31</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2.77</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;padding-left:6px;text-indent:-6px;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Net income attributable to common stockholders per share-diluted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.23</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.12</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.19</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.48</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.26</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.09</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.31</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2.76</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">_____________________</font></div><table cellpadding="0" cellspacing="0" style="padding-top:10px;padding-bottom:10px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;padding-left:18px;"><font style="font-family:inherit;font-size:8pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Net income attributable to the Company for the quarter ended March&#160;31, 2016 includes the gain on sale of assets of </font><font style="font-family:inherit;font-size:8pt;">$101,629</font><font style="font-family:inherit;font-size:8pt;"> from the </font><font style="font-family:inherit;font-size:8pt;">Arrowhead Towne Center</font><font style="font-family:inherit;font-size:8pt;"> transaction (See Note&#160;</font><font style="font-family:inherit;font-size:8pt;">4</font><font style="font-family:inherit;font-size:8pt;">&#8212;</font><font style="font-family:inherit;font-size:8pt;">Investments in Unconsolidated Joint Ventures</font><font style="font-family:inherit;font-size:8pt;">) and </font><font style="font-family:inherit;font-size:8pt;">$340,734</font><font style="font-family:inherit;font-size:8pt;"> from the </font><font style="font-family:inherit;font-size:8pt;">MAC Heitman Portfolio</font><font style="font-family:inherit;font-size:8pt;"> transaction (See Note&#160;</font><font style="font-family:inherit;font-size:8pt;">4</font><font style="font-family:inherit;font-size:8pt;">&#8212;</font><font style="font-family:inherit;font-size:8pt;">Investments in Unconsolidated Joint Ventures</font><font style="font-family:inherit;font-size:8pt;">).</font></div></td></tr></table></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> consists of the following:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:69%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Land</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,567,152</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,607,590</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Buildings and improvements</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,385,035</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,511,741</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Tenant improvements</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">620,352</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">622,878</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Equipment and furnishings</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">187,998</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">177,036</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Construction in progress</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">366,996</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">289,966</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,127,533</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,209,211</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less accumulated depreciation</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,018,303</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,851,901</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,109,230</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,357,310</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following is a summary of the allocation of the fair value of </font><font style="font-family:inherit;font-size:10pt;">Inland Center</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:85%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">91,871</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Deferred charges</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,752</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other assets</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,782</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total assets acquired</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">107,405</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mortgage note payable</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50,000</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other accrued liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,905</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total liabilities assumed</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">54,905</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Fair value of acquired net assets (at 100% ownership)</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">52,500</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the activity of non-vested stock units during the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="21" rowspan="1"></td></tr><tr><td style="width:23%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at beginning of year</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">148,428</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">78.53</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">132,086</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">74.58</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">144,374</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">59.94</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Granted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">86,827</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">66.46</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">85,601</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">79.22</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">77,282</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">86.53</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vested</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(81,205</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">75.62</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(69,259</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">71.82</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(86,761</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">61.29</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Forfeited</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,695</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">69.57</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,809</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">86.72</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at end of year</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">151,355</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">73.32</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">148,428</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">78.53</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">132,086</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">74.58</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the activity of SARs awards during the years ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="21" rowspan="1"></td></tr><tr><td style="width:23%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Exercise</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Price</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Exercise</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Price</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Units</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Exercise</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Price</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at beginning of year</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">284,146</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53.85</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">417,783</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">55.13</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">772,639</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">56.67</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Granted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exercised</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(48,707</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53.95</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(143,822</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53.73</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(364,807</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">56.86</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Special dividend adjustment</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,185</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53.88</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,951</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">55.13</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at end of year</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">235,439</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53.83</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">284,146</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53.85</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">417,783</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">55.13</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the activity of stock options for the years ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2015</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="21" rowspan="1"></td></tr><tr><td style="width:23%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2015</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Options</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Exercise</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Price</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Options</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Exercise</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Price</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Options</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Exercise</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Price</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at beginning of year</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,565</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">56.77</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,314</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58.15</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,068</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">59.57</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Granted</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">25,000</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">57.55</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exercised</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Special dividend adjustment</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">251</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">56.77</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">246</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58.15</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at end of year</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">35,565</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">57.32</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,565</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">56.77</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,314</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">58.15</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Operating Partnership's VIEs included the following assets and liabilities:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:center;text-indent:32px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:95.32163742690058%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:73%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">December&#160;31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Assets:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Property, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">288,881</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">307,582</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other assets</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60,586</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">68,863</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">349,467</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">376,445</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Liabilities:</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Mortgage notes payable</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">129,436</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">133,245</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72,705</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">75,913</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total liabilities</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">202,141</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">209,158</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The amortization of these intangible assets for the next five years and thereafter is as follows:</font></div><div style="line-height:120%;text-align:left;padding-left:90px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:82.06627680311891%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:85%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:13%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Year Ending December&#160;31,</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,165</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,115</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,418</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,866</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2022</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,136</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thereafter</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,183</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">59,883</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Segment Information:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company currently operates in </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">one</font><font style="font-family:inherit;font-size:10pt;"> business segment, the acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers. Additionally, the Company operates in </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">one</font><font style="font-family:inherit;font-size:10pt;"> geographic area, the United States.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Share and Unit-based Compensation Plans:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The cost of share and unit-based compensation awards is measured at the grant date based on the calculated fair value of the awards and is recognized on a straight-line basis over the requisite service period, which is generally the vesting period of the awards. For market-indexed LTIP awards, compensation cost is recognized under the graded attribution method.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">Stockholders' Equity</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">2015 Stock Buyback Program:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2015</font><font style="font-family:inherit;font-size:10pt;">, the Company's Board of Directors authorized the repurchase of up to </font><font style="font-family:inherit;font-size:10pt;">$1,200,000</font><font style="font-family:inherit;font-size:10pt;"> of the Company's outstanding common shares over the period ending </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, as market conditions warranted. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">November&#160;12, 2015</font><font style="font-family:inherit;font-size:10pt;">, the Company entered into an accelerated share repurchase program ("ASR") to repurchase </font><font style="font-family:inherit;font-size:10pt;">$400,000</font><font style="font-family:inherit;font-size:10pt;"> of the Company's common stock. In accordance with the ASR, the Company made a prepayment of </font><font style="font-family:inherit;font-size:10pt;">$400,000</font><font style="font-family:inherit;font-size:10pt;"> and received an initial share delivery of </font><font style="font-family:inherit;font-size:10pt;">4,140,788</font><font style="font-family:inherit;font-size:10pt;"> shares. On </font><font style="font-family:inherit;font-size:10pt;">January&#160;19, 2016</font><font style="font-family:inherit;font-size:10pt;">, the ASR was completed and the Company received delivery of an additional </font><font style="font-family:inherit;font-size:10pt;">970,609</font><font style="font-family:inherit;font-size:10pt;"> shares. The average price of the </font><font style="font-family:inherit;font-size:10pt;">5,111,397</font><font style="font-family:inherit;font-size:10pt;"> shares repurchased under the ASR was </font><font style="font-family:inherit;font-size:10pt;">$78.26</font><font style="font-family:inherit;font-size:10pt;"> per share. The ASR was funded from proceeds in connection with the financing and sale of the ownership interest in the </font><font style="font-family:inherit;font-size:10pt;">PPR Portfolio</font><font style="font-family:inherit;font-size:10pt;"> (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">4</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">Investments in Unconsolidated Joint Ventures</font><font style="font-family:inherit;font-size:10pt;">).</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">February&#160;17, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company entered into an ASR to repurchase an additional </font><font style="font-family:inherit;font-size:10pt;">$400,000</font><font style="font-family:inherit;font-size:10pt;"> of the Company's common stock. In accordance with the ASR, the Company made a prepayment of </font><font style="font-family:inherit;font-size:10pt;">$400,000</font><font style="font-family:inherit;font-size:10pt;"> and received an initial share delivery of </font><font style="font-family:inherit;font-size:10pt;">4,222,193</font><font style="font-family:inherit;font-size:10pt;"> shares. On </font><font style="font-family:inherit;font-size:10pt;">April&#160;19, 2016</font><font style="font-family:inherit;font-size:10pt;">, the ASR was completed and the Company received delivery of an additional </font><font style="font-family:inherit;font-size:10pt;">861,235</font><font style="font-family:inherit;font-size:10pt;"> shares. The average price of the </font><font style="font-family:inherit;font-size:10pt;">5,083,428</font><font style="font-family:inherit;font-size:10pt;"> shares repurchased under the ASR was </font><font style="font-family:inherit;font-size:10pt;">$78.69</font><font style="font-family:inherit;font-size:10pt;"> per share. The ASR was funded from borrowings under the Company's line of credit, which had been recently paid down from the proceeds from the financings and sale of ownership interests in </font><font style="font-family:inherit;font-size:10pt;">Arrowhead Towne Center</font><font style="font-family:inherit;font-size:10pt;"> and the </font><font style="font-family:inherit;font-size:10pt;">MAC Heitman Portfolio</font><font style="font-family:inherit;font-size:10pt;"> (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">4</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">Investments in Unconsolidated Joint Ventures</font><font style="font-family:inherit;font-size:10pt;">).</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">May&#160;9, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company entered into an ASR to repurchase the remaining </font><font style="font-family:inherit;font-size:10pt;">$400,000</font><font style="font-family:inherit;font-size:10pt;"> of the Company's common stock authorized for repurchase. In accordance with the ASR, the Company made a prepayment of </font><font style="font-family:inherit;font-size:10pt;">$400,000</font><font style="font-family:inherit;font-size:10pt;"> and received an initial share delivery of </font><font style="font-family:inherit;font-size:10pt;">3,964,812</font><font style="font-family:inherit;font-size:10pt;"> shares. On </font><font style="font-family:inherit;font-size:10pt;">July&#160;11, 2016</font><font style="font-family:inherit;font-size:10pt;">, the ASR was completed and the Company received delivery of an additional </font><font style="font-family:inherit;font-size:10pt;">1,104,162</font><font style="font-family:inherit;font-size:10pt;"> shares. The average price of the </font><font style="font-family:inherit;font-size:10pt;">5,068,974</font><font style="font-family:inherit;font-size:10pt;"> shares repurchased under the ASR was </font><font style="font-family:inherit;font-size:10pt;">$78.91</font><font style="font-family:inherit;font-size:10pt;"> per share. The ASR was funded from borrowings under the Company's line of credit, which had been recently paid down from the proceeds from the financings and sale of ownership interests in </font><font style="font-family:inherit;font-size:10pt;">Arrowhead Towne Center</font><font style="font-family:inherit;font-size:10pt;"> and the </font><font style="font-family:inherit;font-size:10pt;">MAC Heitman Portfolio</font><font style="font-family:inherit;font-size:10pt;"> (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">4</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">Investments in Unconsolidated Joint Ventures</font><font style="font-family:inherit;font-size:10pt;">).</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">2017 Stock Buyback Program:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">February&#160;12, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company's Board of Directors authorized the repurchase of up to </font><font style="font-family:inherit;font-size:10pt;">$500,000</font><font style="font-family:inherit;font-size:10pt;"> of its outstanding common shares as market conditions and the Company&#8217;s liquidity warrant. Repurchases may be made through open market purchases, privately negotiated transactions, structured or derivative transactions, including ASR transactions, or other methods of acquiring shares and pursuant to Rule 10b5-1 of the Securities Act of 1934, from time to time as permitted by securities laws and other legal requirements.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the period from </font><font style="font-family:inherit;font-size:10pt;">February&#160;12, 2017</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company repurchased a total of </font><font style="font-family:inherit;font-size:10pt;">3,627,390</font><font style="font-family:inherit;font-size:10pt;"> of its common shares for </font><font style="font-family:inherit;font-size:10pt;">$221,428</font><font style="font-family:inherit;font-size:10pt;">, representing an average price of </font><font style="font-family:inherit;font-size:10pt;">$61.01</font><font style="font-family:inherit;font-size:10pt;"> per share. The Company funded the repurchases from the net proceeds of the sale of </font><font style="font-family:inherit;font-size:10pt;">Cascade Mall</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">Northgate Mall</font><font style="font-family:inherit;font-size:10pt;"> (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">15</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Dispositions</font><font style="font-family:inherit;font-size:10pt;">), its share of the proceeds from the sale of office buildings at </font><font style="font-family:inherit;font-size:10pt;">Country Club Plaza</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">Fashion District Philadelphia</font><font style="font-family:inherit;font-size:10pt;"> (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">4</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;">Investments in Unconsolidated Joint Ventures</font><font style="font-family:inherit;font-size:10pt;">) and from borrowings under its line of credit.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Special Dividends:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On October 30, 2015, the Company declared </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> special dividends/distributions ("Special Dividend"), each of </font><font style="font-family:inherit;font-size:10pt;">$2.00</font><font style="font-family:inherit;font-size:10pt;"> per share of common stock and per OP Unit.&#160;The first Special Dividend was paid on December 8, 2015 to stockholders and OP Unit holders of record on November 12, 2015.&#160;The second Special Dividend was paid on January 6, 2016 to common stockholders and OP Unit holders of record on November 12, 2015. The Special Dividends were funded from proceeds in connection with the financing and sale of ownership interests in the </font><font style="font-family:inherit;font-size:10pt;">PPR Portfolio</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">Arrowhead Towne Center</font><font style="font-family:inherit;font-size:10pt;"> (See Note&#160;</font><font style="font-family:inherit;font-size:10pt;">4</font><font style="font-family:inherit;font-size:10pt;">&#8212;</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">Investments in Unconsolidated Joint Ventures</font><font style="font-family:inherit;font-size:10pt;">).</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">At-The-Market Stock Offering Program ("ATM Program"):</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On August 20, 2014, the Company entered into an equity distribution agreement with a number of sales agents (the "ATM Program") to issue and sell, from time to time, shares of common stock, par value </font><font style="font-family:inherit;font-size:10pt;">$0.01</font><font style="font-family:inherit;font-size:10pt;"> per share, having an aggregate offering price of up to </font><font style="font-family:inherit;font-size:10pt;">$500,000</font><font style="font-family:inherit;font-size:10pt;">. The ATM Program expired by its terms in August 2017. No shares were sold under the ATM Program.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;color:#000000;font-weight:bold;text-decoration:none;">Subsequent Events</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">January&#160;22, 2018</font><font style="font-family:inherit;font-size:10pt;">, the Company's joint venture in </font><font style="font-family:inherit;font-size:10pt;">Fashion District Philadelphia</font><font style="font-family:inherit;font-size:10pt;"> obtained a </font><font style="font-family:inherit;font-size:10pt;">$250,000</font><font style="font-family:inherit;font-size:10pt;"> term loan that bears interest at </font><font style="font-family:inherit;font-size:10pt;">LIBOR</font><font style="font-family:inherit;font-size:10pt;"> plus </font><font style="font-family:inherit;font-size:10pt;">2.0%</font><font style="font-family:inherit;font-size:10pt;"> and matures on </font><font style="font-family:inherit;font-size:10pt;">January&#160;22, 2023</font><font style="font-family:inherit;font-size:10pt;">. Concurrent with the loan closing, the joint venture borrowed </font><font style="font-family:inherit;font-size:10pt;">$150,000</font><font style="font-family:inherit;font-size:10pt;"> on the term loan and expects to borrow the remaining </font><font style="font-family:inherit;font-size:10pt;">$100,000</font><font style="font-family:inherit;font-size:10pt;"> in the first quarter of 2018. The Company used its share of the proceeds to pay down its line of credit and for general corporate purposes.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">January&#160;26, 2018</font><font style="font-family:inherit;font-size:10pt;">, the Company announced a dividend/distribution of </font><font style="font-family:inherit;font-size:10pt;">$0.74</font><font style="font-family:inherit;font-size:10pt;"> per share for common stockholders and OP Unit holders of record on </font><font style="font-family:inherit;font-size:10pt;">February&#160;21, 2018</font><font style="font-family:inherit;font-size:10pt;">. All dividends/distributions will be paid 100% in cash on </font><font style="font-family:inherit;font-size:10pt;">March&#160;2, 2018</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">February&#160;5, 2018</font><font style="font-family:inherit;font-size:10pt;">, the Company's joint venture in </font><font style="font-family:inherit;font-size:10pt;">Broadway Plaza</font><font style="font-family:inherit;font-size:10pt;"> received a loan commitment for </font><font style="font-family:inherit;font-size:10pt;">$450,000</font><font style="font-family:inherit;font-size:10pt;"> on the property at a fixed rate of </font><font style="font-family:inherit;font-size:10pt;">4.18%</font><font style="font-family:inherit;font-size:10pt;"> for </font><font style="font-family:inherit;font-size:10pt;">twelve years</font><font style="font-family:inherit;font-size:10pt;">. The loan is expected to close in the first quarter of 2018. The Company plans to use its share of the loan proceeds to pay down its line of credit.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Management Estimates:</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div> EX-101.SCH 11 mac-20171231.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2120100 - Disclosure - Acquisitions link:presentationLink link:calculationLink link:definitionLink 2420403 - Disclosure - Acquisitions - Allocation of Fair Value (Details) link:presentationLink link:calculationLink link:definitionLink 2420404 - Disclosure - Acquisitions - Gain (Loss) on Remeasurement (Details) link:presentationLink link:calculationLink link:definitionLink 2420402 - Disclosure - Acquisitions - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 2420405 - Disclosure - Acquisitions - Reconciliation of Purchase Price to Fair Value (Details) link:presentationLink link:calculationLink link:definitionLink 2320301 - Disclosure - Acquisitions (Tables) link:presentationLink link:calculationLink link:definitionLink 2116100 - Disclosure - Bank and Other Notes Payable link:presentationLink link:calculationLink link:definitionLink 2416403 - Disclosure - Bank and Other Notes Payable - Future Maturities (Details) link:presentationLink link:calculationLink link:definitionLink 2416402 - Disclosure - Bank and Other Notes Payable - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 2316301 - Disclosure - Bank and Other Notes Payable (Tables) link:presentationLink link:calculationLink link:definitionLink 2117100 - Disclosure - Co-Venture Arrangement link:presentationLink link:calculationLink link:definitionLink 2417402 - Disclosure - Co-Venture Arrangement - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 2417403 - Disclosure - Co-Venture Arrangement - Schedule of Co-venture Assets and Liabilities (Details) link:presentationLink link:calculationLink link:definitionLink 2317301 - Disclosure - Co-Venture Arrangement (Tables) link:presentationLink link:calculationLink link:definitionLink 2123100 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 2423402 - Disclosure - Commitments and Contingencies - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 2423403 - Disclosure - Commitments and Contingencies - Schedule of future minimum rental payments by the Company (Details) link:presentationLink link:calculationLink link:definitionLink 2323301 - Disclosure - Commitments and Contingencies (Tables) link:presentationLink link:calculationLink link:definitionLink 1001000 - Statement - CONSOLIDATED BALANCE SHEETS link:presentationLink link:calculationLink link:definitionLink 1001501 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 1006000 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS link:presentationLink link:calculationLink link:definitionLink 1004000 - Statement - CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME link:presentationLink link:calculationLink link:definitionLink 1005000 - Statement - CONSOLIDATED STATEMENTS OF EQUITY link:presentationLink link:calculationLink link:definitionLink 1005501 - Statement - CONSOLIDATED STATEMENTS OF EQUITY (parenthetical) link:presentationLink link:calculationLink link:definitionLink 1002000 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS link:presentationLink link:calculationLink link:definitionLink 2114100 - Disclosure - Deferred Charges and Other Assets, net link:presentationLink link:calculationLink link:definitionLink 2414404 - Disclosure - Deferred Charges and Other Assets, net - Allocated values of above-market leases and below-market leases (Details) link:presentationLink link:calculationLink link:definitionLink 2414402 - Disclosure - Deferred Charges and Other Assets, net - Schedule of deferred charges and other assets, net (Details) link:presentationLink link:calculationLink link:definitionLink 2414405 - Disclosure - Deferred Charges and Other Assets, net - Schedule of estimated amortization of allocated values of above and below-market leases for the next five years and thereafter (Details) link:presentationLink link:calculationLink link:definitionLink 2414403 - Disclosure - Deferred Charges and Other Assets, net - Schedule of estimated amortization of intangible assets for the next five years and thereafter (Details) link:presentationLink link:calculationLink link:definitionLink 2314301 - Disclosure - Deferred Charges and Other Assets, net (Tables) link:presentationLink link:calculationLink link:definitionLink 2108100 - Disclosure - Derivative Instruments and Hedging Activities link:presentationLink link:calculationLink link:definitionLink 2408402 - Disclosure - Derivative Instruments and Hedging Activities (Details) link:presentationLink link:calculationLink link:definitionLink 2308301 - Disclosure - Derivative Instruments and Hedging Activities (Tables) link:presentationLink link:calculationLink link:definitionLink 2121100 - Disclosure - Dispositions link:presentationLink link:calculationLink link:definitionLink 2421401 - Disclosure - Dispositions (Details) link:presentationLink link:calculationLink link:definitionLink 0001000 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 2105100 - Disclosure - Earnings Per Share ("EPS") link:presentationLink link:calculationLink link:definitionLink 2405402 - Disclosure - Earnings Per Share ("EPS") (Details) link:presentationLink link:calculationLink link:definitionLink 2305301 - Disclosure - Earnings Per Share ("EPS") (Tables) link:presentationLink link:calculationLink link:definitionLink 2126100 - Disclosure - Employee Benefit Plans link:presentationLink link:calculationLink link:definitionLink 2426401 - Disclosure - Employee Benefit Plans (Details) link:presentationLink link:calculationLink link:definitionLink 2122100 - Disclosure - Future Rental Revenues link:presentationLink link:calculationLink link:definitionLink 2422402 - Disclosure - Future Rental Revenues (Details) link:presentationLink link:calculationLink link:definitionLink 2322301 - Disclosure - Future Rental Revenues (Tables) link:presentationLink link:calculationLink link:definitionLink 2127100 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 2427405 - Disclosure - Income Taxes - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 2427404 - Disclosure - Income Taxes - Reconciliation of income tax benefit (provision) of the TRSs to the amount computed by applying the federal corporate tax rate (Details) link:presentationLink link:calculationLink link:definitionLink 2427402 - Disclosure - Income Taxes - Schedule of components of distributions made to common stockholders on a per share basis (Details) link:presentationLink link:calculationLink link:definitionLink 2427403 - Disclosure - Income Taxes - Schedule of income tax benefit of TRSs (Details) link:presentationLink link:calculationLink link:definitionLink 2427406 - Disclosure - Income Taxes - Schedule of tax effects of temporary differences and carryforwards of the TRSs included in net deferred tax assets (Details) link:presentationLink link:calculationLink link:definitionLink 2327301 - Disclosure - Income Taxes (Tables) link:presentationLink link:calculationLink link:definitionLink 2107100 - Disclosure - Investments in Unconsolidated Joint Ventures link:presentationLink link:calculationLink link:definitionLink 2407402 - Disclosure - Investments in Unconsolidated Joint Ventures - Company Ownership (Details) link:presentationLink link:calculationLink link:definitionLink 2407404 - Disclosure - Investments in Unconsolidated Joint Ventures - Financial Results (Details) link:presentationLink link:calculationLink link:definitionLink 2407404 - Disclosure - Investments in Unconsolidated Joint Ventures - Financial Results (Details) link:presentationLink link:calculationLink link:definitionLink 2407403 - Disclosure - Investments in Unconsolidated Joint Ventures - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 2307301 - Disclosure - Investments in Unconsolidated Joint Ventures (Tables) link:presentationLink link:calculationLink link:definitionLink 2115100 - Disclosure - Mortgage Notes Payable link:presentationLink link:calculationLink link:definitionLink 2415404 - Disclosure - Mortgage Notes Payable - Footnotes (Details) link:presentationLink link:calculationLink link:definitionLink 2415406 - Disclosure - Mortgage Notes Payable - Future Maturities (Details) link:presentationLink link:calculationLink link:definitionLink 2415405 - Disclosure - Mortgage Notes Payable - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 2415403 - Disclosure - Mortgage Notes Payable - Premiums and Discounts (Details) link:presentationLink link:calculationLink link:definitionLink 2415402 - Disclosure - Mortgage Notes Payable - Schedule of Mortgage Notes Payable (Details) link:presentationLink link:calculationLink link:definitionLink 2315301 - Disclosure - Mortgage Notes Payable (Tables) link:presentationLink link:calculationLink link:definitionLink 2118100 - Disclosure - Noncontrolling Interests link:presentationLink link:calculationLink link:definitionLink 2418401 - Disclosure - Noncontrolling Interests (Details) link:presentationLink link:calculationLink link:definitionLink 2101100 - Disclosure - Organization link:presentationLink link:calculationLink link:definitionLink 2401401 - Disclosure - Organization (Details) link:presentationLink link:calculationLink link:definitionLink 2111100 - Disclosure - Property, net link:presentationLink link:calculationLink link:definitionLink 2411404 - Disclosure - Property, net - Assets Measured on a Nonrecurring Basis (Details) link:presentationLink link:calculationLink link:definitionLink 2411402 - Disclosure - Property, net - Components of Property (Details) link:presentationLink link:calculationLink link:definitionLink 2411403 - Disclosure - Property, net - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 2411405 - Disclosure - Property, net - Quantitative Information, Unobservable Inputs (Details) link:presentationLink link:calculationLink link:definitionLink 2311301 - Disclosure - Property, net (Tables) link:presentationLink link:calculationLink link:definitionLink 2128100 - Disclosure - Quarterly Financial Data link:presentationLink link:calculationLink link:definitionLink 2428402 - Disclosure - Quarterly Financial Data (Details) link:presentationLink link:calculationLink link:definitionLink 2328301 - Disclosure - Quarterly Financial Data (Tables) link:presentationLink link:calculationLink link:definitionLink 2124100 - Disclosure - Related Party Transactions link:presentationLink link:calculationLink link:definitionLink 2424403 - Disclosure - Related Party Transactions - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 2424402 - Disclosure - Related Party Transactions - Schedule of fees charged to unconsolidated joint ventures (Details) link:presentationLink link:calculationLink link:definitionLink 2324301 - Disclosure - Related Party Transactions (Tables) link:presentationLink link:calculationLink link:definitionLink 214100 - Schedule - Schedule III-Real Estate and Accumulated Depreciation link:presentationLink link:calculationLink link:definitionLink 244402 - Schedule - Schedule III-Real Estate and Accumulated Depreciation - Additional Information (Details) link:presentationLink link:calculationLink link:definitionLink 244401 - Schedule - Schedule III-Real Estate and Accumulated Depreciation - Schedule (Details) link:presentationLink link:calculationLink link:definitionLink 2125100 - Disclosure - Share and Unit-based Plans link:presentationLink link:calculationLink link:definitionLink 2425402 - Disclosure - Share and Unit-based Plans - 2003 Equity Incentive Plan (Details) link:presentationLink link:calculationLink link:definitionLink 2425412 - Disclosure - Share and Unit-based Plans - Compensation (Details) link:presentationLink link:calculationLink link:definitionLink 2425410 - Disclosure - Share and Unit-based Plans - Directors' Phantom Stock Plan (Details) link:presentationLink link:calculationLink link:definitionLink 2425411 - Disclosure - Share and Unit-based Plans - Employee Stock Purchase Plan (Details) link:presentationLink link:calculationLink link:definitionLink 2425406 - Disclosure - Share and Unit-based Plans - Long-Term Incentive Plan Units (Details) link:presentationLink link:calculationLink link:definitionLink 2425407 - Disclosure - Share and Unit-based Plans - LTIP Activity (Details) link:presentationLink link:calculationLink link:definitionLink 2425404 - Disclosure - Share and Unit-based Plans - SARs Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 2425405 - Disclosure - Share and Unit-based Plans - SARs Roll Forward Activity (Details) link:presentationLink link:calculationLink link:definitionLink 2425403 - Disclosure - Share and Unit-based Plans - Stock Awards and Stock Units Roll Forward Activity (Details) link:presentationLink link:calculationLink link:definitionLink 2425409 - Disclosure - Share and Unit-based Plans - Stock Option Activity (Details) link:presentationLink link:calculationLink link:definitionLink 2425408 - Disclosure - Share and Unit-based Plans - Stock Options Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 2325301 - Disclosure - Share and Unit-based Plans (Tables) link:presentationLink link:calculationLink link:definitionLink 2119100 - Disclosure - Stockholders' Equity link:presentationLink link:calculationLink link:definitionLink 2419401 - Disclosure - Stockholders' Equity (Details) link:presentationLink link:calculationLink link:definitionLink 213100 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 243401 - Disclosure - Subsequent Events (Details) link:presentationLink link:calculationLink link:definitionLink 2102100 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 2402406 - Disclosure - Summary of Significant Accounting Policies - Acquisitions (Details) link:presentationLink link:calculationLink link:definitionLink 2402407 - Disclosure - Summary of Significant Accounting Policies - Deferred Charges and Segment Information (Details) link:presentationLink link:calculationLink link:definitionLink 2202201 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 2402405 - Disclosure - Summary of Significant Accounting Policies - Property and Investment in Unconsolidated Joint Ventures (Details) link:presentationLink link:calculationLink link:definitionLink 2402408 - Disclosure - Summary of Significant Accounting Policies - Recent Accounting Pronouncements (Details) link:presentationLink link:calculationLink link:definitionLink 2402404 - Disclosure - Summary of Significant Accounting Policies - Revenues (Details) link:presentationLink link:calculationLink link:definitionLink 2402403 - Disclosure - Summary of Significant Accounting Policies - Schedule Operating Partnership's VIEs (Details) link:presentationLink link:calculationLink link:definitionLink 2302302 - Disclosure - Summary of Significant Accounting Policies (Tables) link:presentationLink link:calculationLink link:definitionLink 2113100 - Disclosure - Tenant and Other Receivables, net link:presentationLink link:calculationLink link:definitionLink 2413401 - Disclosure - Tenant and Other Receivables, net (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 12 mac-20171231_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 13 mac-20171231_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 14 mac-20171231_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Property, Plant and Equipment [Abstract] Land Land Buildings and improvements Investment Building and Building Improvements Tenant improvements Tenant Improvements Equipment and furnishings Fixtures and Equipment, Gross Construction in progress Development in Process Total Real Estate Investment Property, at Cost Less accumulated depreciation Real Estate Investment Property, Accumulated Depreciation Property, net Real Estate Investment Property, Net Quarterly Financial Information Disclosure [Abstract] Summary of Quarterly Results of Operations Quarterly Financial Information [Table Text Block] Statement of Stockholders' Equity [Abstract] Statement [Table] Statement [Table] Equity Components [Axis] Equity Components [Axis] Equity Component [Domain] Equity Component [Domain] Total Stockholders' Equity Parent [Member] Common Stock Common Stock [Member] Additional Paid-in Capital Additional Paid-in Capital [Member] Accumulated Deficit Retained Earnings [Member] Accumulated Other Comprehensive Loss AOCI Attributable to Parent [Member] Noncontrolling Interests Noncontrolling Interest [Member] Statement [Line Items] Statement [Line Items] Increase (Decrease) in Stockholders' Equity Increase (Decrease) in Stockholders' Equity [Roll Forward] Balance (in shares) Common Stock, Shares, Issued Balance Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest Net income Net Income (Loss), Including Portion Attributable to Noncontrolling Interest Cumulative effect of adoption of ASU 2016-09 Cumulative Effect of New Accounting Principle in Period of Adoption Interest rate cap Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax Amortization of share and unit-based plans (in shares) Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures Amortization of share and unit-based plans Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures Employee stock purchases (in shares) Stock Issued During Period, Shares, Employee Stock Purchase Plans Employee stock purchases Stock Issued During Period, Value, Employee Stock Purchase Plan Stock repurchase (in shares) Stock Repurchased During Period, Shares Stock repurchase Stock Repurchased During Period, Value Distributions Dividends, Common Stock, Cash Distributions to noncontrolling interests Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders Contributions from noncontrolling interests Noncontrolling Interest, Increase from Contributions from Noncontrolling Interests Noncontrolling Interest, Increase from Contributions from Noncontrolling Interests Other Stockholders' Equity, Other Conversion of noncontrolling interests to common shares (in shares) Stock Issued During Period, Shares, Conversion of Units Conversion of noncontrolling interests to common shares Stock Issued During Period, Value, Conversion of Units Redemption of noncontrolling interests Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests Adjustment of noncontrolling interests in Operating Partnership Noncontrolling Interest, Increase from Subsidiary Equity Issuance Balance (in shares) Balance Debt Disclosure [Abstract] Schedule of Long-term Debt Instruments [Table] Schedule of Long-term Debt Instruments [Table] Long-term Debt, Type [Axis] Long-term Debt, Type [Axis] Long-term Debt, Type [Domain] Long-term Debt, Type [Domain] Bank and other notes payable Notes Payable to Bank and Other Notes Payable [Member] Represents notes payable to bank and third party. Mortgage loans payable on real estate Debt Instrument [Line Items] 2018 Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months 2019 Long-term Debt, Maturities, Repayments of Principal in Year Two 2020 Long-term Debt, Maturities, Repayments of Principal in Year Three 2021 Long-term Debt, Maturities, Repayments of Principal in Year Four Long term debt including debt premium Long-term Debt, Gross Deferred finance cost Debt Issuance Costs, Net Long-term debt Long-term Debt Noncontrolling Interest [Abstract] Noncontrolling Interests Noncontrolling Interest Disclosure [Text Block] Earnings Per Share [Abstract] Reconciliation of Numerator and Denominator Used in Computation of Earnings Per Share Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] Disclosure of Compensation Related Costs, Share-based Payments [Abstract] Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table] Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table] Award Type [Axis] Award Type [Axis] Equity Award [Domain] Equity Award [Domain] LTIP units Long Term Incentive Plan [Member] Long-term incentive plan. Share and unit-based plans Share-based Compensation Arrangement by Share-based Payment Award [Line Items] Units Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] Balance at beginning of year (shares) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number Granted (shares) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period Vested (shares) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period Forfeited (shares) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period Balance at end of year (shares) Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] Balance at beginning of year (in dollars per share) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value Granted (in dollars per share) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value Vested (in dollars per share) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value Forfeited (in dollars per share) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value Balance at end of year (in dollars per share) Income Tax Disclosure [Abstract] Income Taxes Income Tax Disclosure [Text Block] Mortgage Notes Payable Mortgage Notes Payable Disclosure [Text Block] Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] Schedule of Acquired Finite-Lived Intangible Asset by Major Class [Table] Schedule of Acquired Finite-Lived Intangible Asset by Major Class [Table] Finite-Lived Intangible Assets by Major Class [Axis] Finite-Lived Intangible Assets by Major Class [Axis] Finite-Lived Intangible Assets, Major Class Name [Domain] Finite-Lived Intangible Assets, Major Class Name [Domain] Above Market Above Market Leases [Member] Below Market Below Market Lease [Member] Below Market Lease [Member] Allocated values of leases Acquired Finite-Lived Intangible Assets [Line Items] Above-Market Leases Above Market Leases [Abstract] Above Market Leases [Abstract] Original allocated value Finite-Lived Intangible Assets, Gross Less accumulated amortization Finite-Lived Intangible Assets, Accumulated Amortization Allocated value net Finite-Lived Intangible Assets, Net Below-Market Leases Below Market Lease [Abstract] Original allocated value Below Market Lease, Gross Less accumulated amortization Below Market Lease, Accumulated Amortization Allocated value, net Below Market Lease, Net Bank and Other Notes Payable Debt Disclosure [Text Block] Discontinued Operations and Disposal Groups [Abstract] Dispositions Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] Commitments and Contingencies Disclosure [Abstract] Commitments and Contingencies Commitments and Contingencies Disclosure [Text Block] Stockholders' Equity Note [Abstract] Class of Warrant or Right [Table] Class of Warrant or Right [Table] Share Repurchase Program [Axis] Share Repurchase Program [Axis] Share Repurchase Program [Domain] Share Repurchase Program [Domain] 2015 Stock Buyback Program 2015 Stock Buyback Program [Member] 2015 Stock Buyback Program [Member] Class of Warrant or Right [Line Items] Class of Warrant or Right [Line Items] Authorized amount for stock repurchase program Stock Repurchase Program, Authorized Amount Authorized amount for accelerated stock repurchase program Accelerated Share Repurchases, Settlement (Payment) or Receipt Accelerated share repurchased, number of shares purchased (shares) Accelerated Share Repurchase Program, Number of Shares Purchased Accelerated Share Repurchase Program, Number of Shares Purchased Average price per share paid for stock repurchased for accelerated stock repurchases (in dollars per share) Accelerated Share Repurchases, Final Price Paid Per Share Number of dividends declared Number Of Dividends Declared Number Of Dividends Declared Dividends declared for common stock (in dollars per share) Common Stock, Dividends, Per Share, Declared Par value of common stock (in dollars per share) Common Stock, Par or Stated Value Per Share Maximum price of common stock available to be issued Maximum Aggregate Common Stock Offer Price Maximum Aggregate Common Stock Offer Price Related Party Transactions [Abstract] Schedule of Fees Charged to Unconsolidated Joint Ventures Schedule of Revenues from Unconsolidated Joint Ventures and Third Party Managed Properties [Table Text Block] Tabular disclosure of revenue derived from management, development and leasing fees charged to unconsolidated joint ventures and third-party managed properties. Leases [Abstract] 2018 Operating Leases, Future Minimum Payments Receivable, Current 2019 Operating Leases, Future Minimum Payments Receivable, in Two Years 2020 Operating Leases, Future Minimum Payments Receivable, in Three Years 2021 Operating Leases, Future Minimum Payments Receivable, in Four Years 2022 Operating Leases, Future Minimum Payments Receivable, in Five Years Thereafter Operating Leases, Future Minimum Payments Receivable, Thereafter Total Operating Leases, Future Minimum Payments Receivable SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract] Schedule III-Real Estate and Accumulated Depreciation Disclosure SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Text Block] Schedule of Related Party Transactions, by Related Party [Table] Schedule of Related Party Transactions, by Related Party [Table] Related Party [Axis] Related Party [Axis] Related Party [Domain] Related Party [Domain] Northwestern Mutual Life (NML) Northwestern Mutual Life [Member] Represents Northwestern Mutual Life ("NML"), considered a related party because it is a joint venture partner of the entity. Unconsolidated joint ventures Unconsolidated Joint Ventures [Member] Represents unconsolidated joint ventures. Affiliated entity Affiliated Entity [Member] Receivable Type [Axis] Receivable Type [Axis] Receivable Type [Domain] Receivable [Domain] Related Parties Note Receivable, RED Consolidated Holdings, LLC Related Parties Note Receivable, RED Consolidated Holdings, LLC [Member] Related Parties Note Receivable, RED Consolidated Holdings, LLC [Member] Notes receivable Notes Receivable [Member] Name of Property [Axis] Name of Property [Axis] Name of Property [Domain] Name of Property [Domain] Fashion Outlets of San Francisco Fashion Outlets of San Francisco [Member] Fashion Outlets of San Francisco [Member] Variable Rate [Axis] Variable Rate [Axis] Variable Rate [Domain] Variable Rate [Domain] LIBOR London Interbank Offered Rate (LIBOR) [Member] Related Party Transaction [Line Items] Related Party Transaction [Line Items] Interest expense, related party Related Party Transaction, Expenses from Transactions with Related Party Interest expense payable, related party Interest Expense Payable Related Party Amount of interest expense payable as of the balance sheet date on a debt or other obligation to a related party. Due (to) from affiliates Due from Affiliates Notes receivable interest rate Notes Receivable Interest Rate The stated interest rate on the note receivable. Interest earned Interest Income, Related Party Note receivable Notes Receivable, Related Parties Net operating loss carryforwards Deferred Tax Assets, Operating Loss Carryforwards Property, primarily differences in depreciation and amortization, the tax basis of land assets and treatment of certain other costs Deferred Tax Assets, Property, Plant and Equipment Other Deferred Tax Assets (Liabilities) Other Represents the deferred tax assets and liabilities related to other temporary differences not otherwise specified as of the balance sheet date. Deferred tax assets Deferred Tax Assets, Net Fair Value Measurements, Recurring and Nonrecurring [Table] Fair Value Measurements, Recurring and Nonrecurring [Table] Measurement Frequency [Axis] Measurement Frequency [Axis] Fair Value, Measurement Frequency [Domain] Fair Value, Measurement Frequency [Domain] Nonrecurring Fair Value, Measurements, Nonrecurring [Member] Fair Value, Hierarchy [Axis] Fair Value, Hierarchy [Axis] Fair Value Hierarchy [Domain] Fair Value Hierarchy [Domain] (Level 1) Fair Value, Inputs, Level 1 [Member] (Level 2) Fair Value, Inputs, Level 2 [Member] (Level 3) Fair Value, Inputs, Level 3 [Member] Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] Total Fair Value Measurement Assets, Fair Value Disclosure Statement of Financial Position [Abstract] ASSETS: Assets [Abstract] Property, net Cash and cash equivalents Cash and Cash Equivalents, at Carrying Value Restricted cash Restricted Cash and Cash Equivalents, Current Tenant and other receivables, net Accounts and Notes Receivable, Net Deferred charges and other assets, net Deferred Costs and Other Assets Due from affiliates Investments in unconsolidated joint ventures Equity Method Investments Total assets Assets LIABILITIES AND EQUITY: Liabilities and Equity [Abstract] Mortgage notes payable: Mortgage Notes Payable [Abstract] -- None. No documentation exists for this element. -- Related parties Notes Payable, Related Parties Others Secured Debt Nonrelated Party Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations such as mortgage loans. Total Secured Debt Bank and other notes payable Convertible Debt, Line of Credit and Other Notes Payable Includes the current and noncurrent portions, carrying amount of debut identified as being convertible into another form of financial instrument, the carrying values of obligations drawn from a line of credit, and other notes payable. Accounts payable and accrued expenses Accounts Payable and Accrued Liabilities Other accrued liabilities Other Accrued Liabilities Distributions in excess of investments in unconsolidated joint ventures Investments in Unconsolidated Joint Ventures. The carrying amount of liabilities resulting from investments in unconsolidated real estate and joint ventures not separately presented as of the balance sheet date. Co-venture obligation Deferred Gain on Sale of Property Total liabilities Liabilities Commitments and contingencies Commitments and Contingencies Equity: Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract] Stockholders' equity: Stockholders' Equity Attributable to Parent [Abstract] Common stock, $0.01 par value, 250,000,000 shares authorized, 140,993,985 and 143,985,036 shares issued and outstanding at December 31, 2017 and 2016, respectively Common Stock, Value, Issued Additional paid-in capital Additional Paid in Capital, Common Stock Accumulated deficit Retained Earnings (Accumulated Deficit) Accumulated other comprehensive loss Accumulated Other Comprehensive Income (Loss), Net of Tax Total stockholders' equity Stockholders' Equity Attributable to Parent Noncontrolling interests Stockholders' Equity Attributable to Noncontrolling Interest Total equity Total liabilities and equity Liabilities and Equity Dividends, dollars per share Dividends [Abstract] Ordinary income (in dollars per share) Common Stock, Dividends, Ordinary Income, Per Share Represents the ordinary income distributed as dividend per common stock share. Capital gains (in dollars per share) Common Stock, Dividends, Capital Gain Distribution, Per Share Represents the capital gain distributed as dividend per common stock share. Unrecaptured Section 1250 gain (in dollars per share) Common Stock, Dividends, Unrecaptured Section 1250 Gain Distribution, Per Share Represents the unrecaptured Section 1250 gain distributed as dividend per common stock share. Return of capital (in dollars per share) Common Stock, Dividends, Return of Capital Distribution, Per Share Represents the return of capital distributed as dividend per common stock share. Dividends paid for income tax purposes (in dollars per share) Common Stock, Dividends, Per Share, Cash Paid, Income Tax Purposes Common Stock, Dividends, Per Share, Cash Paid, Income Tax Purposes Dividends, percent Dividends, by Type Alternative [Abstract] Ordinary income (as a percent) Common Stock, Dividends, Ordinary Income, Percentage Represents the ordinary income distributed as dividend, as a percentage of total dividends paid. Capital gains (as a percent) Common Stock, Dividends, Capital Gain Distribution, Percentage Represents the capital gain distributed as dividend, as a percentage of total dividends paid. Unrecaptured Section 1250 gain (as a percent) Common Stock, Dividends, Unrecaptured Section 1250 Gain Distribution, Percentage Represents the unrecaptured Section 1250 gain distributed as dividend, as a percentage of total dividends paid. Return of capital (as a percent) Common Stock, Dividends, Return of Capital Distribution, Percentage Represents the return of capital distributed as dividend, as a percentage of total dividends paid. Dividends paid (as a percent) Common Stock, Dividends, Cash Paid, Percentage Aggregate percentage of dividends paid during the period for each share of common stock outstanding. Distributions paid, per share (in dollars per share) Common Stock, Dividends, Per Share, Cash Paid Cash deemed paid (in dollars per share) Common Stock, Dividends, Per Share, Cash Deemed Paid, Income Tax Purposes Common Stock, Dividends, Per Share, Cash Deemed Paid, Income Tax Purposes Co-Venture Arrangement [Abstract] Co-Venture Arrangement [Abstract] Co-Venture Arrangement Co-venture Arrangement Disclosure [Text Block] This text block represents complete disclosure with respect to co-venture arrangements. Leasing Deferred Costs, Leasing, Gross Intangible assets: Finite-Lived Intangible Assets, Gross [Abstract] In-place lease values Finite-Lived Intangible Asset, Acquired-in-Place Leases Leasing commissions and legal costs Finite-lived Intangible Asset Leasing Commissions and Legal Costs Gross carrying amount before accumulated amortization as of the balance sheet date of capitalized leasing commissions and lease-related legal costs. Above-market leases Finite Lived Intangible Asset above Market Leases Gross carrying amount before accumulated amortization as of the balance sheet date of the intangible asset for leases acquired as part of a real property acquisition at above market lease rate. Deferred tax assets Deferred compensation plan assets Deferred Compensation Plan Assets Schedule of Finite-Lived Intangible Assets [Table] Schedule of Finite-Lived Intangible Assets [Table] Investment, Name [Axis] Investment, Name [Axis] Investment, Name [Domain] Investment, Name [Domain] Freehold Raceway Mall and Chandler Fashion Center Freehold Raceway Mall and Chandler Fashion Center [Member] Represents the information pertaining to the Freehold Raceway Mall and Chandler Fashion Center properties. Joint venture Corporate Joint Venture [Member] In-place lease values, leasing commissions and legal costs Leases, Acquired-in-Place [Member] Finite-Lived Intangible Assets [Line Items] Finite-Lived Intangible Assets [Line Items] Distributions in excess of co-venture obligation Co-Venture Asset, Distributions in Excess of Obligation Co-Venture Asset, Distributions in Excess of Obligation Other assets Other Assets, Miscellaneous Deferred charges and other assets, gross Deferred Costs and Other Assets, Gross Sum of the gross carrying amounts before accumulated amortization of deferred costs that are expected to be recognized as a charge against future earnings plus assets not otherwise specified in the taxonomy. Less accumulated amortization Accumulated Amortization Deferred Costs and Finite-lived Intangible Assets The accumulated amount of amortization related to deferred costs capitalized at the end of the reporting period and finite-lived intangible assets. Deferred charges and other assets, net Accumulated amortization Amortization expense Amortization of Intangible Assets Equity Method Investments and Joint Ventures [Abstract] Schedule of Equity Method Investments [Table] Schedule of Equity Method Investments [Table] Real Estate, Type of Property [Axis] Real Estate, Type of Property [Axis] Real Estate [Domain] Real Estate [Domain] Office building Office Building [Member] Pacific Premier Retail LLC—Various Properties Pacific Premier Retail LLC [Member] Pacific Premier Retail LLC [Member] Business Acquisition [Axis] Business Acquisition [Axis] Business Acquisition, Acquiree [Domain] Business Acquisition, Acquiree [Domain] Inland Center Inland Center [Member] Inland Center [Member] Sears Sears Locations [Member] Sears Locations [Member] Country Club Plaza Country Club Plaza [Member] Country Club Plaza [Member] Lakewood Center Lakewood Center [Member] Lakewood Center [Member] Los Cerritos Center Los Cerritos Center [Member] Los Cerritos Center [Member] South Plains Mall South Plains Mall [Member] Represents the information pertaining to real estate property of the entity, South Plains Mall. Washington Square Washington Square [Member] Washington Square [Member] Deptford Mall Deptford Mall [Member] Represents the information pertaining to real estate property of the entity, Deptford Mall. FlatIron Crossing FlatIron Crossing [Member] FlatIron Crossing [Member] Twenty Ninth Street Twenty Ninth Street [Member] Represents the information pertaining to real estate property of the entity, Twenty Ninth Street. Fashion District Philadelphia—Various Entities Fashion District Philadelphia [Member] Fashion District Philadelphia [Member] Disposal Group Name [Axis] Disposal Group Name [Axis] Disposal Group Name [Domain] Disposal Group Name [Domain] PPR Portfolio PPR Portfolio [Member] PPR Portfolio [Member] Arrowhead Towne Center Arrowhead Towne Center [Member] Represents the joint venture, Arrowhead Towne Center. MAC Heitman Portfolio MAC Heitman Portfolio [Member] MAC Heitman Portfolio [Member] Westcor/Queen Creek LLC Westcor/Queen Creek LLC [Member] Represents the joint venture, Westcor/Queen Creek LLC. Investments in unconsolidated joint ventures: Schedule of Equity Method Investments [Line Items] Ownership percentage purchased Business Combination, Step Acquisition, Additional Equity Interest Acquired, Percentage In a business combination achieved in stages, this element represents the additional percentage of equity interests acquired. Property square footage Area of Real Estate Property Purchase price on acquisition Business Combination, Consideration Transferred Purchase price funded by cash payment on acquisition Payments to Acquire Businesses, Gross Purchase price paid through assumption of debt by the Company Noncash or Part Noncash Acquisition, Debt Assumed Loan paid off Repayments of Debt Ownership % Equity Method Investment, Ownership Percentage Number of stores Number of Stores Joint venture ownership percentage purchased Joint Venture Ownership Percentage Purchased Joint Venture Ownership Percentage Purchased Proceeds from sale Proceeds from Divestiture of Businesses Gain (loss) on sale of assets Equity Method Investment, Summarized Financial Information, Gain (Loss) on Sale and Remeasurement of Assets Represents the amount of gain or loss resulting from either the difference between the carrying value and the sales price or remeasurement of the carrying value of assets during the period, reported by an equity method investment of the entity. Cash payment Proceeds from Divestiture of Business, Cash Proceeds from Divestiture of Business, Cash Gain on sale of assets Gain (Loss) on Sale of Assets and Asset Impairment Charges Assumption of debt Proceeds from Divestiture of Business, Assumption of Debt Proceeds from Divestiture of Business, Assumption of Debt Joint venture ownership percentage Joint Venture Ownership Percentage Owned Joint Venture Ownership Percentage Owned Interest rate (as a percent) Debt Instrument, Interest Rate, Effective Percentage Proceeds from sale of building Proceeds from Sale of Buildings Gain on sale of assets Gain (Loss) on Sale of Properties Land sold Land Sales Gain on land sales Gain (Loss) On Land Sales Gain (Loss) On Land Sales 443 Wabash MAB LLC 443 Wabash MAB LLC [Member] 443 Wabash MAB LLC [Member] AM Tysons LLC AM Tysons LLC [Member] AM Tysons LLC [Member] Biltmore Shopping Center Partners LLC Biltmore Shopping Center Partners LLC [Member] Represents the joint venture, Biltmore Shopping Center Partners LLC. Candlestick Center LLC—Fashion Outlets of San Francisco Candlestick Center LLC [Member] Candlestick Center LLC [Member] Coolidge Holding LLC Coolidge Holding [Member] Represents the joint venture, Coolidge Holding LLC. Corte Madera Village, LLC Corte Madera Village, LLC [Member] Represents Corte Madera Village, LLC, a joint venture in which the entity has made investment. Country Club Plaza KC Partners LLC Country Club Plaza KC Partners LLC [Member] Country Club Plaza KC Partners LLC [Member] Jaren Associates 4 Jaren Associates 4 [Member] Represents the joint venture, Jaren Associates #4. Kierland Commons Investment LLC Kierland Commons Investment LLC [Member] Represents the joint venture, Kierland Commons Investment LLC. Macerich HHF Centers LLC—Various Properties Macerich HHF Centers LLC—Various Properties [Member] Macerich HHF Centers LLC—Various Properties [Member] Macerich Northwestern Associates—Broadway Plaza Macerich Northwestern Associates - Broadway Plaza [Member] Represents the joint venture, Macerich Northwestern Associates - Broadway Plaza. MS Portfolio LLC MS Portfolio LLC [Member] MS Portfolio LLC [Member] New River Associates LLC—Arrowhead Towne Center New River Associates LLC—Arrowhead Towne Center [Member] New River Associates LLC—Arrowhead Towne Center [Member] North Bridge Chicago LLC North Bridge Chicago LLC [Member] Represents the joint venture, North Bridge Chicago LLC. One Scottsdale Investors LLC One Scottsdale [Member] Represents the joint venture, One Scottsdale Investors LLC. Propcor II Associates, LLC—Boulevard Shops Propcor II Associates, LLC Boulevard Shops [Member] Represents the joint venture, Propcor II Associates, LLC Boulevard Shops. Scottsdale Fashion Square Partnership Scottsdale Fashion Square Partnership [Member] Represents the joint venture, Scottsdale Fashion Square Partnership. The Market at Estrella Falls LLC The Market at Estrella Falls [Member] Represents the joint venture, The Market at Estrella Falls LLC. TM TRS Holding Company LLC TM TRS Holding Company LLC—Valencia Place at Country Club Plaza [Member] TM TRS Holding Company LLC—Valencia Place at Country Club Plaza [Member] Tysons Corner LLC Tysons Corner LLC [Member] Represents the joint venture, Tysons Corner LLC. Tysons Corner Hotel I LLC Tysons Corner Hotel I LLC [Member] Tysons Corner Hotel I LLC [Member] Tysons Corner Property Holdings II LLC Tysons Corner Property Holdings II LLC [Member] Represents the joint venture, Tysons Corner Property Holdings II LLC. Tysons Corner Property LLC Tysons Corner Property LLC [Member] Represents the joint venture, Tysons Corner Property LLC. West Acres Development, LLP West Acres Development, LLP [Member] Represents the joint venture, West Acres Development, LLP. Westcor/Surprise Auto Park LLC Westcor/Surprise Auto Park LLC [Member] Represents the joint venture, Westcor/Surprise Auto Park LLC. WMAP, L.L.C.—Atlas Park, The Shops at WMAP LLC Atlas Park [Member] Represents the joint venture, WMAP, L.L.C. Atlas Park. Common stock, par value (in dollars per share) Common stock, shares authorized Common Stock, Shares Authorized Common stock, shares issued Common stock, shares outstanding Common Stock, Shares, Outstanding Schedule of Future Maturities of Bank and Other Notes Payable Schedule of Maturities of Long-term Debt [Table Text Block] Accounting Policies [Abstract] Number of forms of in-place operating lease intangible assets and liabilities Number of Forms of in Place Operating Leases Represents the number of forms that can be taken by the identifiable intangible assets and liabilities relating to in-place operating leases acquired. Property, Plant and Equipment [Table] Property, Plant and Equipment [Table] Property, Plant and Equipment, Type [Axis] Property, Plant and Equipment, Type [Axis] Property, Plant and Equipment, Type [Domain] Property, Plant and Equipment, Type [Domain] Buildings and improvements Building and Building Improvements [Member] Tenant improvements Tenant Improvements [Member] Represents the improvements having a life longer than one year that were made for the benefit of one or more tenants. Equipment and furnishings Equipment and Furnishings [Member] Tangible personal property, nonconsumable in nature, with finite lives used to produce goods and services and long-lived, depreciable assets commonly used in offices and stores. Range [Axis] Range [Axis] Range [Domain] Range [Domain] Minimum Minimum [Member] Maximum Maximum [Member] Property, Plant and Equipment [Line Items] Property, Plant and Equipment [Line Items] Estimated useful lives of assets (in years) SEC Schedule III, Real Estate and Accumulated Depreciation, Life Used for Depreciation Investment in unconsolidated joint ventures Threshold ownership percentage above which to use equity method of accounting only if no controlling financial interest Threshold Ownership Percentage for Equity Method Accounting only if, No Controlling Financial Interest Represents the threshold percentage of ownership of common stock or equity participation in an investee above which the equity method of accounting is still applied only if the entity does not have a controlling financial interest in the investee. Revenues Revenues Net income attributable to the Company Net Income (Loss) Available to Common Stockholders, Basic Net income attributable to common stockholders (dollars per share) Earnings Per Share, Basic Net income attributable to common stockholders (dollars per share) Earnings Per Share, Diluted Disposal Groups, Including Discontinued Operations [Table] Disposal Groups, Including Discontinued Operations [Table] Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] Business Combinations [Abstract] Schedule of Business Acquisitions, by Acquisition [Table] Schedule of Business Acquisitions, by Acquisition [Table] PPRLP Queens Portfolio [Member] PPRLP Queens Portfolio [Member] PPRLP Queens Portfolio [Member] Acquisition Business Acquisition [Line Items] Purchase price Less debt assumed Gain on remeasurement of assets Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net Fair value of acquired net assets (at 100% ownership) Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net Ownership percentage at completion of acquisition (as a percent) Business Acquisition, Percentage of Voting Interests Acquired Stock units Stock Units [Member] Stock units as awarded by an entity to their employees as a form of incentive compensation. Plan Name [Axis] Plan Name [Axis] Plan Name [Domain] Plan Name [Domain] 2015 LTIP Units Series 1 2015 LTIP Units Series 1 [Member] 2015 LTIP Units Series 1 [Member] 2015 LTIP Units Series 2 2015 LTIP Units Series 2 [Member] 2015 LTIP Units Series 2 [Member] 2015 LTIP Units Series 3 2015 LTIP Units Series 3 [Member] 2015 LTIP Units Series 3 [Member] Vesting [Axis] Vesting [Axis] Vesting [Domain] Vesting [Domain] LTIP units that vest in equal installments over a service period ending December 31, 2018 Share-based Compensation Award, Tranche One [Member] Market-Indexed LTIP units that vest in equal installments over a service period ending December 31, 2018 Share-based Compensation Award, Tranche Two [Member] LTIP units that are fully vested on the grant date Share-based Compensation Award, Tranche Three [Member] Conversion rate Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments, Other than Options, Conversion Rate Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments, Other than Options, Conversion Rate Granted (shares) Granted (in dollars per share) Absolute return requirement (shares) Share-based Compensation Arrangement by Share-based Payment Award Equity Instruments other than Options, Absolute Return Requirement Share-based Compensation Arrangement by Share-based Payment Award Equity Instruments other than Options, Absolute Return Requirement Risk free rate (as a percent) Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate Volatility rate (as a percent) Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate Level of percentile ranking at which awards vested (as a percent) Share-based Compensation Arrangement by Share-based Payment Award Equity Instruments other than Options Percentile Ranking of Awards Vested in Period Represents the level of percentile ranking terms of total return per common stock share to the total return of a group of peer REITs at which the equity instruments other than options vested during the period. Vested (shares) Investments in Unconsolidated Joint Ventures Equity Method Investments and Joint Ventures Disclosure [Text Block] Book loss for TRSs Book Income, Loss for TRS Represents the book income (loss) for taxable REIT subsidiaries (TRSs). Tax at statutory rate on earnings from continuing operations before income taxes Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount Change in tax rates Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount State taxes Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount Other Effective Income Tax Rate Reconciliation, Other Adjustments, Amount Income tax (expense) benefit Income Tax Expense (Benefit) Schedule of Components of Distributions Made to Common Stockholders on a Per Share Basis Schedule of Distributions made to Common Stockholders on Per Share Basis [Table Text Block] Tabular disclosure of distributions paid to common stockholders on a per share basis, consisting of ordinary income, capital gains, unrecaptured Section 1250 gain and return of capital or a combination thereof. Schedule of Income Tax Provision of TRSs Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] Reconciliation of Income Tax Provision of the TRSs to the Amount Computed by Applying the Federal Corporate Tax Rate Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] Schedule of Tax Effects of Temporary Differences and Carryforwards of the TRSs Included in Net Deferred Tax Assets Schedule of Deferred Tax Assets and Liabilities [Table Text Block] Increase in minimum rent due to straight-line rent adjustment Straight Line Rent Adjustments Revenue from External Customers by Products and Services [Table] Revenue from External Customers by Products and Services [Table] Revenues Revenue from External Customer [Line Items] Management fees as a percentage of gross monthly rental revenue Management Fee Revenue as Percentage of Gross Monthly Rental Revenue Represents the revenue earned for operating and managing third-party properties, expressed as a percentage of the gross monthly rental revenue of the properties managed. Future Rental Revenues Lessor, Operating Leases [Text Block] Noncontrolling Interest [Table] Noncontrolling Interest [Table] Legal Entity [Axis] Legal Entity [Axis] Entity [Domain] Entity [Domain] The Macerich Partnership, L.P. The Macerich Partnership, L.P. [Member] Represents the information pertaining to real estate property of the entity, The Macerich Partnership, L.P. Noncontrolling Interest [Line Items] Noncontrolling Interest [Line Items] Ownership interest in operating partnership (as a percent) Noncontrolling Interest, Ownership Percentage by Parent Limited partnership interest of the operating partnership (as a percent) Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners Number of trading days used to calculate redemption value Minority Interest, Redemption Value Basis Number of Trading Days Minority Interest, Redemption Value Basis Number of Trading Days Redemption value of outstanding OP Units not owned by the Company Minority Interest Redemption Value Represents the aggregate redemption value for the noncontrolling interest. Acquisitions Business Combination Disclosure [Text Block] Loans and Leases Receivable Disclosure [Abstract] Tenant and Other Receivables, net Loans, Notes, Trade and Other Receivables Disclosure [Text Block] Unamortized deferred finance costs Debt Instrument [Axis] Debt Instrument [Axis] Debt Instrument, Name [Domain] Debt Instrument, Name [Domain] Fashion Outlets of Chicago Fashion Outlets of Chicago Mortgage [Member] Mortgage note payable on the Fashion Outlets of Chicago property pledged as collateral. Freehold Raceway Mall Freehold Raceway Mall Mortgage [Member] Mortgage note payable on the Freehold Raceway Mall property pledged as collateral. Green Acres Commons Green Acres Commons [Member] Green Acres Commons [Member] Santa Monica Place Santa Monica Place Mortgage [Member] Mortgage note payable on Santa Monica Place property pledged as collateral. Interest in the loan assumed by a third party (as a percent) Percentage of Loan Assumed by Third Party Portion of the loan assumed by a third party. Variable interest rate spread (as a percent) Debt Instrument, Basis Spread on Variable Rate 1 year extensions options One Year Interest Rate Option Extensions, Number One Year Interest Rate Option Extensions, Number Effective interest rate (as a percent) Mortgage loan Mortgage Loans on Real Estate, Face Amount of Mortgages Loan expansion, up to Mortgage Loans on Real Estate, Maximum Borrowing Capacity Mortgage Loans on Real Estate, Maximum Borrowing Capacity Interest expense capitalized Interest Costs Capitalized Fair value of mortgage notes payable Notes Payable, Fair Value Disclosure Stock awards Stock Awards [Member] Stock awards as awarded by an entity to their employees as a form of an incentive compensation. Shares or Units Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract] Number of common shares into which units can be converted (shares) Organization, Consolidation and Presentation of Financial Statements [Abstract] Organization Nature of Operations [Text Block] Schedule of Subsidiary of Limited Liability Company or Limited Partnership [Table] Schedule of Subsidiary of Limited Liability Company or Limited Partnership [Table] Subsidiary of Limited Liability Company or Limited Partnership [Line Items] Subsidiary of Limited Liability Company or Limited Partnership [Line Items] Number of management companies (in entities) Number of Real Estate Management Companies Represents the number of management companies through which the entity provides property management, leasing and redevelopment for its real estate portfolio. Statement of Cash Flows [Abstract] Cash flows from operating activities: Net Cash Provided by (Used in) Operating Activities [Abstract] Adjustments to reconcile net income to net cash provided by operating activities: Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Gain on extinguishment of debt, net Gain (Loss) on Extinguishment of Debt Gain on sale or write down of assets, net Gain (Loss) on Sale or Write Down of Assets Gain (Loss) on Sale or Write Down of Assets Gain on remeasurement of assets Liquidation Basis of Accounting, Remeasurement, Gain (Loss) on Asset Depreciation and amortization Depreciation, Depletion and Amortization Amortization of net premium on mortgage notes payable Amortization of Debt Discount (Premium) Amortization of share and unit-based plans Share-based Compensation Straight-line rent adjustment Amortization of above and below-market leases Amortization of above and below Market Leases Provision for doubtful accounts Provision for Doubtful Accounts Income tax expense (benefit) Equity in income of unconsolidated joint ventures Income (Loss) from Equity Method Investments Co-venture expense Income (Loss) from Co-venture Operations This item represents the entity's proportionate share for the period of the net income or loss related to its profit-sharing arrangement. Distributions of income from unconsolidated joint ventures Proceeds from Equity Method Investment, Distribution Changes in assets and liabilities, net of acquisitions and dispositions: Increase (Decrease) in Operating Capital [Abstract] Tenant and other receivables Increase (Decrease) in Accounts Receivable Other assets Increase (Decrease) in Other Operating Assets Due from affiliates Increase (Decrease) Due from Affiliates Accounts payable and accrued expenses Increase (Decrease) in Accounts Payable and Accrued Liabilities Other accrued liabilities Increase (Decrease) in Other Accrued Liabilities Net cash provided by operating activities Net Cash Provided by (Used in) Operating Activities Cash flows from investing activities: Net Cash Provided by (Used in) Investing Activities [Abstract] Acquisition of properties Payments to Acquire Real Estate Development, redevelopment, expansion and renovation of properties Payments to Acquire and Develop Real Estate Property improvements Payments to Develop Real Estate Assets Proceeds from repayment of notes receivable Proceeds from Collection of Notes Receivable Deposit on acquisition of property Deposits on Payments to Acquire Real Estate Represents the cash outflow for deposits on the acquisition of a piece of land, anything permanently fixed to it, including buildings, structures on it and so forth; includes real estate intended to generate income for the owner; excludes real estate acquired for use by the owner. Deferred leasing costs Increase (Decrease) in Deferred Leasing Fees Distributions from unconsolidated joint ventures Distributions of Capital from Unconsolidated Entities and Other Cash inflows from unconsolidated entities and other. Contributions to unconsolidated joint ventures Payments to Acquire Interest in Joint Venture Proceeds from sale of assets Proceeds from Sale of Partnership Interests Other Assets and Discontinued Operations, Net Cash inflows from the sale of partnership interests, other assets, and discontinued operations. Restricted cash Increase (Decrease) in Restricted Cash Net cash provided by (used in) investing activities Net Cash Provided by (Used in) Investing Activities Cash flows from financing activities: Net Cash Provided by (Used in) Financing Activities [Abstract] Proceeds from mortgages, bank and other notes payable Proceeds from Issuance of Long-term Debt and Capital Securities, Net Payments on mortgages, bank and other notes payable Repayments of Long-term Debt, Long-term Capital Lease Obligations, and Capital Securities Deferred financing costs Payments of Financing Costs Payment of finance deposits, net of refunds received Payment of Finance Deposits Payment of Finance Deposits Payment of debt extinguishment costs Payment for Debt Extinguishment or Debt Prepayment Cost Proceeds from share and unit-based plans Proceeds from Stock Plans Stock repurchases Payments for Repurchase of Common Stock Redemption of noncontrolling interests Payments to Noncontrolling Interests Contributions from noncontrolling interests Proceeds from Noncontrolling Interests Purchase of noncontrolling interest Proceeds from (Payments to) Noncontrolling Interests Settlement of contingent consideration Payments of Contingent Consideration Payments of Contingent Consideration Dividends and distributions Payments of Ordinary Dividends, Common Stock Distributions to co-venture partner Distributions to Co-venture Partner This element represents the distributions to co - venture partner. Net cash used in financing activities Net Cash Provided by (Used in) Financing Activities Net (decrease) increase in cash and cash equivalents Cash and Cash Equivalents, Period Increase (Decrease) Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year Supplemental cash flow information: Supplemental Cash Flow Information [Abstract] Cash payments for interest, net of amounts capitalized Interest Paid, Net Non-cash investing and financing activities: Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract] Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities Construction in Progress Expenditures Incurred but Not yet Paid Conversion of Operating Partnership Units to common stock Conversion of Stock, Amount Converted Accrued dividend Dividends Payable Mortgage notes payable settled by deed-in-lieu of foreclosure Notes Reduction Mortgage notes payable assumed by buyer in exchange for investment in unconsolidated joint venture Notes Assumed Acquisition of property in exchange for investment in unconsolidated joint venture Non Cash or Part Noncash Acquisition, Investment in Unconsolidated Joint Venture Non Cash or Part Noncash Acquisition, Investment in Unconsolidated Joint Venture Assumption of mortgage notes payable and other liabilities from unconsolidated joint ventures Liabilities Assumed Schedule of Real Estate Properties Schedule of Real Estate Properties [Table Text Block] Assets Measured on a Nonrecurring Basis Fair Value, Assets Measured on Recurring Basis [Table Text Block] Quantitative Information, Unobservable Inputs Fair Value Inputs, Assets, Quantitative Information [Table Text Block] Schedule of Variable Interest Entities [Table] Schedule of Variable Interest Entities [Table] Variable Interest Entities [Axis] Variable Interest Entities [Axis] Variable Interest Entity, Classification [Domain] Variable Interest Entity, Classification [Domain] Operating Partnership's VIEs Variable Interest Entity, Primary Beneficiary [Member] Balance Sheet Location [Axis] Balance Sheet Location [Axis] Balance Sheet Location [Domain] Balance Sheet Location [Domain] Property, net Real Estate Investment Property, Net [Member] Real Estate Investment Property, Net [Member] Other assets Other Assets [Member] Total assets Assets, Total [Member] Mortgage notes payable Secured Debt [Member] Other liabilities Other Liabilities [Member] Total liabilities Liabilities, Total [Member] Variable Interest Entity [Line Items] Variable Interest Entity [Line Items] Assets Variable Interest Entity, Consolidated, Carrying Amount, Assets Liabilities Variable Interest Entity, Consolidated, Carrying Amount, Liabilities Earnings Per Share (EPS) Earnings Per Share [Text Block] Property Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property Deferred charges Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Charges Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Charges Other assets Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Assets Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Assets Total assets acquired Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets Mortgage notes payable Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Mortgage Note Payable Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Mortgage Note Payable Other accrued liabilities Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other Total liabilities assumed Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities Fair value of acquired net assets (at 100% ownership) Real Estate and Accumulated Depreciation, by Property [Table] SEC Schedule III, Real Estate and Accumulated Depreciation, by Property [Table] Chandler Fashion Center Chandler Fashion Center [Member] Represents the information pertaining to real estate property of the entity, Chandler Fashion Center. Danbury Fair Mall Danbury Fair Mall [Member] Represents the information pertaining to real estate property of the entity, Danbury Fair Mall. Desert Sky Mall Desert Sky Mall [Member] Represents the Desert Sky Mall property. Eastland Mall Eastland Mall [Member] Represents the information pertaining to real estate property of the entity, Eastland Mall. Estrella Falls Estrella Falls, The Market at [Member] Represents the information pertaining to real estate property of the entity, Estrella Falls, the Market at. Fashion Outlets of Chicago Fashion Outlets of Chicago [Member] Represents the information pertaining to real estate property of the entity, Fashion Outlets of Chicago. Fashion Outlets of Niagara Falls USA Fashion Outlets of Niagara [Member] Represents the information pertaining to real estate property of the entity, Fashion Outlets of Niagara. The Marketplace at Flagstaff Flagstaff Mall, the Market Place at [Member] Represents the information pertaining to real estate property of the entity, Flagstaff Mall, the Marketplace at. Freehold Raceway Mall Freehold Raceway Mall [Member] Represents the information pertaining to real estate property of the entity, Freehold Raceway Mall. Fresno Fashion Fair Fresno Fashion Fair [Member] Represents the information pertaining to real estate property of the entity, Fresno Fashion Fair. Green Acres Mall Green Acres Mall [Member] Represents the information pertaining to real estate property of the entity, Green Acres Mall. Kings Plaza Shopping Center Kings Plaza [Member] Kings Plaza [Member] La Cumbre Plaza La Cumbre Plaza [Member] Represents the information pertaining to real estate property of the entity, La Cumbre Plaza. Macerich Management Co. Macerich Management Company [Member] Represents the information pertaining to real estate property of the entity, Macerich Management Company. MACWH, LP MACWH, LP [Member] Represents the information pertaining to real estate property of the entity, MACWH, LP. NorthPark Mall Northpark Mall [Member] Represents the information pertaining to real estate property of the entity, Northpark Mall. The Oaks The Oaks [Member] Represents the information pertaining to real estate property of the entity, The Oaks. Pacific View Pacific View [Member] Represents the information pertaining to real estate property of the entity, Pacific View. Paradise Valley Mall Paradise Valley Mall [Member] Represents the information pertaining to real estate property of the entity, Paradise Valley Mall. Promenade at Casa Grande Promenade at Casa Grande [Member] Represents the information pertaining to real estate property of the entity, Promenade at Casa Grande. Queens Center Queens Center [Member] Represents the joint venture, Queens Center. Santa Monica Place Santa Monica Place [Member] Represents the information pertaining to real estate property of the entity, Santa Monica Place. San Tan Adjacent Land San Tan Adjacent Land [Member] Represents the information pertaining to real estate property of the entity, SanTan Adjacent Land. San Tan Village Regional Center San Tan Village Regional Center [Member] Represents the information pertaining to real estate property of the entity, SanTan Village Regional Center. South Park Mall South Park Mall [Member] Represents the information pertaining to real estate property of the entity, South Park Mall. Southridge Mall South Ridge Mall [Member] Represents the information pertaining to real estate property of the entity, South Ridge Mall. Stonewood Center Stonewood Center [Member] Stonewood Center [Member] Superstition Springs Center Superstition Springs Center [Member] Represents the joint venture, East Mesa Mall, L.L.C. - Superstition Springs Center. Superstition Springs Power Center Superstition Springs Power Center [Member] Represents the information pertaining to real estate property of the entity, Superstition Springs Power Center. Tangerine (Marana), The Shops at The Shops at Tangerine Marana [Member] Represents the information pertaining to real estate property of the entity, The Shops at Tangerine (Marana). Towne Mall Towne Mall [Member] Represents the information pertaining to real estate property of the entity, Towne Mall. Tucson La Encantada Tucson La Encantada [Member] Represents the information pertaining to real estate property of the entity, Tucson La Encantada3. Valley Mall Valley Mall [Member] Represents the information pertaining to real estate property of the entity, Valley Mall. Valley River Center Valley River Center [Member] Represents the information pertaining to real estate property of the entity, Valley River Center. Victor Valley, Mall of Victor Valley, Mall of [Member] Represents the information pertaining to real estate property of the entity, Victor Valley, Mall of. Vintage Faire Mall Vintage Faire Mall [Member] Represents the information pertaining to real estate property of the entity, Vintage Faire Mall. Westside Pavilion Westside Pavilion [Member] Represents the information pertaining to real estate property of the entity, Westside Pavilion. Wilton Mall Wilton Mall Member [Member] Represents the information pertaining to real estate property of the entity, Wilton Mall. Other freestanding stores Freestanding Store [Member] Freestanding Store [Member] Other land and development properties Other Assets and Development Properties [Member] Represents information pertaining to other real estate assets and development properties. REAL ESTATE AND ACCUMULATED DEPRECIATION SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items] Initial Cost to Company SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost [Abstract] Land SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Land Building and Improvements SEC Schedule III, Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements Equipment and Furnishings Real Estate and Accumulated Depreciation, Initial Cost of Equipment Furnishing Initial cost to the Entity for Equipment and furnishings. Cost Capitalized Subsequent to Acquisition SEC Schedule III, Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Carrying Costs Gross Amount at Which Carried at Close of Period SEC Schedule III, Real Estate, Gross [Abstract] Land SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Land Building and Improvements SEC Schedule III, Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements Equipment and Furnishings Construction in Progress Total SEC Schedule III, Real Estate, Gross Accumulated Depreciation SEC Schedule III, Real Estate Accumulated Depreciation Total Cost Net of Accumulated Depreciation SEC Schedule III, Real Estate Investment Property, Net Pacific Premier Retail LP Pacific Premier Retail LP [Member] Represents Pacific Premier Retail LP, a joint venture in which the entity has made investment. Other Joint Ventures Other Joint Ventures [Member] Represents other joint ventures in which the entity participates, not specifically identified. Assets: Equity Method Investment, Summarized Financial Information, Assets [Abstract] Property, net Equity Method Investment, Summarized Financial Information, Real Estate Investment Property, Net The net book value of real estate investment property reported by an equity method investment of the entity. Other assets Equity Method Investment, Summarized Financial Information, Other Assets The aggregate carrying amount of other assets not separately disclosed, reported by an equity method investment of the entity. Total assets Equity Method Investment, Summarized Financial Information, Assets Liabilities and partners' capital: Equity Method Investment, Summarized Financial Information, Liabilities and Equity [Abstract] Mortgage and other notes payable Equity Method Investment, Summarized Financial Information, Secured Debt Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations reported by an equity method investment of the entity. Other liabilities Equity Method Investment, Summarized Financial Information, Other Liabilities The aggregate carrying amount of other liabilities not separately disclosed, reported by an equity method investment of the entity. Company's capital Equity Method Investment, Underlying Equity in Net Assets Outside partners' capital Equity Method Investment, Summarized Financial Information, Equity or Capital Other Interests The amount of equity (capital) of an equity method investment of the entity that is attributable to other ownership interests. Total liabilities and partners' capital Equity Method Investment, Summarized Financial Information, Liabilities and Equity Investment in unconsolidated joint ventures: Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract] Basis adjustment Equity Method Investment, Difference Between Carrying Amount and Underlying Equity Investments in unconsolidated joint ventures Equity Method Investments, Net The carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee, net of the liability for distributions received in excess of the entity's investment. Assets—Investments in unconsolidated joint ventures Liabilities—Distributions in excess of investments in unconsolidated joint ventures Investments in unconsolidated joint ventures Total assets Total liabilities Equity Method Investment, Summarized Financial Information, Liabilities Mortgage notes payable to affiliate Equity Method Investment, Notes Payable Related Party The amount for notes payable due to related parties reported by an equity method investment of the entity. Interest expense on borrowings from related party Equity Method Investment, Summarized Financial Information, Interest Expense Related Party The amount of interest expense on a debt or other obligation to a related party reported by an equity method investment of the entity. Amortization of difference between cost of investments and book value of underlying equity Equity Method Investment, Amortization of Difference Between Carrying Amount and Underlying Equity The item represents the amortization during the period of the difference between the amount at which an investment accounted for under the equity method of accounting is carried (reported) on the balance sheet and the amount of underlying equity in net assets the reporting Entity has in the investee. Revenues: Equity Method Investment, Summarized Financial Information, Revenues [Abstract] -- None. No documentation exists for this element. -- Minimum rents Equity Method Investment, Summarized Financial Information, Minimum Lease Revenue The total amount of lease revenue recognized for the period for which the lessee was obligated under leasing arrangements regardless of any other events or conditions, reported by an equity method investment of the entity. Percentage rents Equity Method Investment, Summarized Financial Information, Percentage Rent This element represents the rental revenue earned during the period from lessee-operators based on revenues generated in their operations, generally in excess of a base amount, reported by an equity method investment of the entity. Tenant recoveries Equity Method Investment, Summarized Financial Information, Tenant Reimbursements This element represents allowable charges due a landlord from its tenant for the period, reported by an equity method investment of the entity. Other Equity Method Investment, Summarized Financial Information, Other Revenue The sum of all other revenue and income for the period reported by an equity method investment of the entity. Total revenues Equity Method Investment, Summarized Financial Information, Revenue Expenses: Equity Method Investment, Summarized Financial Information, Expenses [Abstract] -- None. No documentation exists for this element. -- Shopping center and operating expenses Equity Method Investment, Summarized Financial Information, Cost of Real Estate Revenue This element represents the total of the costs related to real estate revenues reported for the period by an equity method investment of the entity. Interest expense Equity Method Investment, Summarized Financial Information, Interest Expense The cost of borrowed funds accounted for as interest that was charged against earnings during the period by an equity method investment of the entity. Depreciation and amortization Equity Method Investment, Summarized Financial Information, Depreciation and Amortization The current period expense charged against earnings for depreciation and amortization on long-lived, physical assets not used in production, and which are not intended for resale, reported by an equity method investment of the entity. Total operating expenses Equity Method Investment, Summarized Financial Information, Operating Expenses Generally recurring costs associated with normal operations for the period reported by an equity method investment of the entity. (Loss) gain on sale of assets Loss on extinguishment of debt Equity Method Investment, Summarized Financial Information, Gain (loss) on Early Extinguishment of Debt Represents the amount of gain or loss on the extinguishment of debt for the period reported by an equity method investment of the entity. Net (loss) income Equity Method Investment, Summarized Financial Information, Net Income (Loss) Company's equity in net (loss) income Related Party Transactions Related Party Transactions Disclosure [Text Block] Remeasured ending deferred tax asset Tax Cuts and Jobs Act of 2017, Change in Tax Rate, Deferred Tax Asset, Income Tax Expense (Benefit) Tax Cuts and Jobs Act of 2017, Change in Tax Rate, Deferred Tax Asset, Income Tax Expense (Benefit) Numerator Net Income (Loss) Available to Common Stockholders, Basic [Abstract] Net Income Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest Net income attributable to noncontrolling interests Net Income (Loss) Attributable to Noncontrolling Interest Net income attributable to the Company Allocation of earnings to participating securities Undistributed Earnings (Loss) Allocated to Participating Securities, Basic and Diluted Undistributed Earnings (Loss) Allocated to Participating Securities, Basic and Diluted Numerator for basic and diluted EPS—net income attributable to common stockholders Net Income (Loss) Available to Common Stockholders after Allocation to Participating Securities, Basic and Diluted Net Income (Loss) Available to Common Stockholders after Allocation to Participating Securities, Basic and Diluted Denominator Weighted Average Number of Shares Outstanding, Diluted [Abstract] Denominator for basic EPS—weighted average number of common shares outstanding (shares) Weighted Average Number of Shares Outstanding, Basic Effect of dilutive securities Incremental Weighted Average Shares Attributable to Dilutive Effect [Abstract] Share and unit based compensation (shares) Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements Denominator for diluted EPS—weighted average number of common shares outstanding (shares) Weighted Average Number of Shares Outstanding, Diluted EPS—net income attributable to common stockholders: Earnings Per Share, Basic and Diluted [Abstract] Basic (dollars per share) Diluted (dollars per share) Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table] Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table] Antidilutive Securities [Axis] Antidilutive Securities [Axis] Antidilutive Securities, Name [Domain] Antidilutive Securities, Name [Domain] Convertible preferred units Preferred Nonparticipating Convertible Units [Member] Represents convertible non-participating units or equivalent units of ownership interest in an LLC or LP. Partnership unit Partnership Units [Member] Represents units or equivalent units of ownership interest in an LLC or LP. Antidilutive securities Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] Antidilutive securities (shares) Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount Schedule of Future Minimum Rental Payments by the Company Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] Acquired Finite-Lived Intangible Assets [Line Items] Above Market Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] 2018 Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months 2019 Finite-Lived Intangible Assets, Amortization Expense, Year Two 2020 Finite-Lived Intangible Assets, Amortization Expense, Year Three 2021 Finite-Lived Intangible Assets, Amortization Expense, Year Four 2022 Finite-Lived Intangible Assets, Amortization Expense, Year Five Thereafter Finite-Lived Intangible Assets, Amortization Expense, after Year Five Below Market Below Market Lease, Net, Amortization Income, Fiscal Year Maturity [Abstract] 2017 Below Market Lease, Amortization Income, Next Twelve Months 2018 Below Market Lease, Amortization Income, Year Two 2019 Below Market Lease, Amortization Income, Year Three 2020 Below Market Lease, Amortization Income, Year Four 2021 Below Market Lease, Amortization Income, Year Five Thereafter Below Market Lease, Amortization Income, after Year Five 2018 Operating Leases, Future Minimum Payments Due, Next Twelve Months 2019 Operating Leases, Future Minimum Payments, Due in Two Years 2020 Operating Leases, Future Minimum Payments, Due in Three Years 2021 Operating Leases, Future Minimum Payments, Due in Four Years 2022 Operating Leases, Future Minimum Payments, Due in Five Years Thereafter Operating Leases, Future Minimum Payments, Due Thereafter Total minimum future payments Operating Leases, Future Minimum Payments Due 2003 Equity Incentive Plan Equity Incentive Plan 2003 [Member] Represents information pertaining to 2003 Equity Incentive Plan of the entity. Term of award (in years) Share Based Compensation Arrangements by Share Based Payment Award, Expiration Term The period of time, from the grant date until the time at which the share-based award expires. Maximum shares authorized under plan (shares) Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized Shares available for issuance under plan (in shares) Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant Stock options Employee Stock Option [Member] Phantom stock units Phantom Share Units (PSUs) [Member] Stock awards and units Stock Awards and Stock Units [Member] Stock awards and units awarded by an entity to their employees as a form of an incentive compensation. Compensation cost under share and unit-based plans Allocated Share-based Compensation Expense Capitalized share and unit-based compensation costs Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount Fair value of equity-based awards vested during period Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value Unrecognized compensation cost of share and unit-based plans Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized Revenue, Initial Application Period Cumulative Effect Transition [Table] Revenue, Initial Application Period Cumulative Effect Transition [Table] Scenario [Axis] Scenario [Axis] Scenario, Unspecified [Domain] Scenario, Unspecified [Domain] Pro forma Pro Forma [Member] Adjustments for New Accounting Pronouncements [Axis] Adjustments for New Accounting Pronouncements [Axis] Type of Adoption [Domain] Type of Adoption [Domain] ASU 2014-09 Accounting Standards Update 2014-09 [Member] ASU 2016-09 Accounting Standards Update 2016-09 [Member] Initial Application Period Cumulative Effect Transition [Axis] Initial Application Period Cumulative Effect Transition [Axis] Initial Application Period Cumulative Effect Transition [Domain] Initial Application Period Cumulative Effect Transition [Domain] Difference between revenue guidance in effect before and after topic 606 Difference between Revenue Guidance in Effect before and after Topic 606 [Member] Revenue, Initial Application Period Cumulative Effect Transition [Line Items] Revenue, Initial Application Period Cumulative Effect Transition [Line Items] Investments in unconsolidated joint ventures Liability—Co-venture obligation Debt extinguishment costs Property, net Property, Plant and Equipment Disclosure [Text Block] Estimated useful lives of assets Changes in total real estate assets SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Roll Forward] Balances, beginning of year Additions Real Estate Acquisitions Improvements and Other Additions Amount of increase to real estate investments during the period due to acquisitions, improvements and other additions made to real estate. Dispositions and retirements Real Estate Cost of Real Estate Sold or Retired The carrying amount of real estate sold or retired during the period. Balances, end of year Aggregate gross cost of the property for federal income tax purposes SEC Schedule III, Real Estate, Federal Income Tax Basis Changes in accumulated depreciation SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Roll Forward] Balances, beginning of year Additions Real Estate Accumulated Depreciation, Depreciation Expense and Other Additions Amount of depreciation expense and other additions to accumulated depreciation for the period. Dispositions and retirements Real Estate Accumulated Depreciation, Real Estate Sold or Retired The amount that was removed from accumulated depreciation pertaining to real estate that was sold or retired in the period. Balances, end of year Chandler Fashion Center Chandler Fashion Center Mortgage [Member] Mortgage note payable on the Chandler Fashion Center property pledged as collateral. Danbury Fair Mall Danbury Fair Mall Mortgage [Member] Mortgage note payable on the Danbury Fair Mall property pledged as collateral. Fashion Outlets of Niagara Falls USA Fashion Outlets at Niagara Mortgage [Member] Mortgage note payable on the Fashion Outlets at Niagara pledged as collateral, bearing interest at 6.46 percent and maturing in 2016. Green Acres Mall Green Acres Mall Mortgage [Member] Green Acres Mall Mortgage [Member] Kings Plaza Shopping Center Kings Plaza Mortgage [Member] Mortgage note payable on the Kings Plaza property pledged as collateral. Northgate Mall The Mall at Northgate Mortgage [Member] Mortgage note payable on the Mall at Northgate property pledged as collateral. Oaks, The The Oaks One Mortgage [Member] Mortgage note payable on the Oaks property pledged as collateral. Pacific View Pacific View Mortgage [Member] Mortgage note payable on the Pacific View property pledged as collateral. SanTan Village Regional Center San Tan Village Regional Center Mortgage [Member] Mortgage note payable on the SanTan Village Regional Center property pledged as collateral. Stonewood Center Stonewood Center Mortgage [Member] Stonewood Center Mortgage [Member] Towne Mall Towne Mall Mortgage [Member] Mortgage note payable on the Towne Mall property pledged as collateral. Tucson La Encantada Tucson La Encantada Mortgage [Member] Mortgage note payable on the Tucson La Encantada property pledged as collateral. Victor Valley, Mall of Mall of Victor Valley Mortgage [Member] Mortgage note payable on the Mall of Victor Valley property pledged as collateral. Vintage Faire Mall Vintage Faire Mall Mortgage [Member] Mortgage note payable on the Vintage Faire Mall property pledged as collateral. Westside Pavilion Westside Pavilion Mortgage [Member] Mortgage note payable on the Westside Pavilion property pledged as collateral. Carrying amount of mortgage notes, related party Carrying amount of mortgage notes, other Monthly debt service Debt Instrument, Periodic Payment Deferred Charges and Other Assets, net Other Assets Disclosure [Text Block] Schedule of Co-venture Assets and Liabilities Co-venture Assets And Liabilities [Table Text Block] Co-venture Assets And Liabilities [Table Text Block] Depreciation expense Depreciation, Nonproduction Cascade and Northgate Malls Cascade and Northgate Malls [Member] Cascade and Northgate Malls [Member] 500 North Michigan Avenue North Michigan Avenue 500 [Member] Represents the information pertaining to 500 North Michigan Avenue. Capitola Mall Capitola Mall [Member] Represents the information pertaining to real estate property of the entity, Capitola Mall. Mervyn's (former locations) Mervyn's [Member] Represents the information pertaining to real estate property of the entity, Mervyn's. Panorama Mall Panorama Mall [Member] Represents the information pertaining to real estate property of the entity, Panorama Mall. Gain on disposal Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal Gain (loss) on sale or write down of assets, net Write down of non-real estate investment assets Loss on Sale of Investments Write-off of development cost Write-off of Development Cost Represents the development cost written off during the period. Percentage of ownership interest sold Equity Method Investments, Percentage of Ownership Interest Sold The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting that was sold by the entity during the period. Impairment of real estate Impairment of Real Estate Contingent settlement payment Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability Gain on sale of assets Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property Loss on write-off of development costs Gain (Loss) on Sale or Remeasurement of Assets and Interests in Unconsolidated Entities Gains or losses resulting from either the difference between the carrying value and the sales price or remeasurement of the carrying value for consolidated investment property and equity method investments. Schedule Operating Partnership's VIEs Schedule of Variable Interest Entities [Table Text Block] Schedule of Estimated Useful Lives of Property Schedule of Depreciable Lives of Real Estate Investment Property [Table Text Block] Tabular disclosure of the estimated useful lives of real estate investment property. Schedule of Range of the Terms of Loan and Lease Agreements Schedule of Range of Terms of Loan and Lease Agreements [Table Text Block] Tabular disclosure of the range of the terms of loan and lease agreements over which costs are deferred and amortized. Quarterly Financial Data (Unaudited) Quarterly Financial Information [Text Block] Retirement Benefits [Abstract] Schedule of Defined Contribution Plans Disclosures [Table] Schedule of Defined Contribution Plans Disclosures [Table] Disclosures about an individual defined contribution pension plan or an other postretirement defined contribution plan. Retirement Plan Name [Axis] Retirement Plan Name [Axis] Retirement Plan Name [Domain] Retirement Plan Name [Domain] 401(k) Plan Defined Contribution Plan [Member] Represents the defined contribution plan for employees of the reporting entity. Deferred Compensation Plans Deferred Compensation Plans [Member] Deferred Compensation Plans [Member] Employee Benefit Plans: Defined Contribution Plan Disclosure [Line Items] Number of common stock shares reserved for issuance (in shares) Common Stock, Capital Shares Reserved for Future Issuance Number of additional common stock shares reserved for issuance (in shares) Common Stock Additional Capital Shares Reserved For Future Issuance Represents the number of additional common shares reserved for future issuance. Employer match of employee contributions of first 3% of eligible compensation (as a percent) Defined Contribution Plan, Employer Match, Level One Represents the employer matching contribution of the first level of employee contributions. Percentage of eligible compensation, matched 100% by employer (as a percent) Defined Contribution Plan, Employer Match, Employee Contribution, Level One Represents the first level of employee contributions (percentage of compensation) which are matched by the employer. Employer match of employee contributions of next 2% of eligible compensation (as a percent) Defined Contribution Plan, Employer Match, Level Two Represents the employer matching contribution of the second level of employee contributions. Percentage of eligible compensation, matched 50% by employer (as a percent) Defined Contribution Plan, Employer Match, Employee Contribution, Level Two Represents the second level of employee contributions (percentage of compensation) which are matched by the employer. Employer contribution Defined Contribution Plan, Cost 2022 Long-term Debt, Maturities, Repayments of Principal in Year Five Thereafter Long-term Debt, Maturities, Repayments of Principal after Year Five Debt premium Debt Instrument, Unamortized Discount (Premium), Net Total ESPP Employee Stock Purchase Plan [Member] Employee Stock Purchase Plan [Member] Discount from market price (as a percent) Share-based Compensation Arrangement by Share-based Payment Award, Discount from Market Price, Offering Date Debt premiums Debt Instrument, Unamortized Premium Debt premiums (discounts), net Mortgage Notes Payable Schedule of Mortgage Notes Payable [Table Text Block] Tabular disclosure of details related to mortgage notes payable by the entity, including properties which are pledged as collateral, carrying amounts, maturities and interest rates. Debt Premiums (Discounts) on Mortgage Notes Payable Schedule of Mortgage Notes Payable Premiums Discounts [Table Text Block] Tabular disclosure of debt premiums and discounts on mortgage loans payable by the entity. Future Maturities of Mortgage Notes Payable Schedule of Future Maturities of Mortgage Notes Payable [Table Text Block] Tabular disclosure of the combined aggregate amount of maturities of mortgage notes payable for each of the five years following the date of the latest balance sheet date presented. Ground rent expenses Operating Leases, Rent Expense, Net Contingent liability under letters of credit Letters of Credit Outstanding, Amount Outstanding obligations under construction agreements Construction Payable, Current Contingent rent incurred Operating Leases, Rent Expense, Contingent Rentals Schedule of Joint Ventures [Table] Schedule of Joint Ventures [Table] A schedule providing information pertaining to the joint venture interests of the entity. Freehold Raceway Mall loan Co-Venture Arrangement Schedule of Joint Ventures [Line Items] -- None. No documentation exists for this element. -- Ownership interest (as a percent) Joint Venture Ownership Percentage Sold The percentage of ownership interest in the joint venture sold by the entity during the period. Subsequent Events [Abstract] Subsequent Event [Table] Subsequent Event [Table] Subsequent Event Type [Axis] Subsequent Event Type [Axis] Subsequent Event Type [Domain] Subsequent Event Type [Domain] Subsequent event Subsequent Event [Member] Fashion District Philadelphia Broadway Plaza Broadway Plaza [Member] Broadway Plaza [Member] Term loan Loans Payable [Member] Forecast Scenario, Forecast [Member] Subsequent events Subsequent Event [Line Items] Face amount of debt Debt Instrument, Face Amount Proceeds from Loans Proceeds from Loans Interest rate on debt (as a percent) Debt Instrument, Interest Rate, Stated Percentage Debt term (years) Debt Instrument, Term Schedule of Accounts, Notes, Loans and Financing Receivable [Table] Schedule of Accounts, Notes, Loans and Financing Receivable [Table] Accrued percentage rents Accrued Income Receivable [Member] LSM Note A Note Receivable1 [Member] Note Receivable1 [Member] LSM Note B Note Receivable2 [Member] Note Receivable2 [Member] Lake Square Mall Lake Square Mall [Member] Represents the information pertaining to real estate property of the entity, Lake Square Mall. Components of tenant and other receivables, net Accounts, Notes, Loans and Financing Receivable [Line Items] Allowance for doubtful accounts Allowance for Doubtful Accounts, Premiums and Other Receivables Accounts receivable Accounts Receivable, Gross Deferred rent receivables due to straight-line rent adjustments Deferred Rent Receivables, Net Notes receivable Financing Receivable, Gross Notes receivable interest rate (as a percent) Income Statement [Abstract] Revenues: Revenues [Abstract] Minimum rents Operating Leases, Income Statement, Minimum Lease Revenue Percentage rents Operating Leases, Income Statement, Percentage Revenue Tenant recoveries Tenant Reimbursements Other Other Income Management Companies Management Fees and Other Revenues Revenue, comprised of base and incentive revenue, from developing, operating and managing another entity's business during the reporting period; plus revenues not otherwise specified. Total revenues Expenses: Costs and Expenses [Abstract] Shopping center and operating expenses Cost of Real Estate Revenue Management Companies' operating expenses Owned Property Management Costs REIT general and administrative expenses General and Administrative Expense Costs related to unsolicited takeover offer Unsolicited Tender Offer Costs Depreciation and amortization Depreciation, Depletion and Amortization, Nonproduction Total expenses before interest Costs and Expenses before Interest, Total The sum of all costs of sales and operating expenses, excluding interest expense, for the period. Interest expense: Interest Expense [Abstract] Related parties Other Interest Expense, Other Total interest expense Interest Expense Gain on extinguishment of debt, net Gains (Losses) on Extinguishment of Debt, Including Penalties Gains (Losses) on Extinguishment of Debt, Including Penalties Total expenses Costs and Expenses Equity in income of unconsolidated joint ventures Co-venture expense Income tax (expense) benefit Gain on sale or write down of assets, net Net income Less net income attributable to noncontrolling interests Earnings per common share attributable to common stockholders: Weighted average number of common shares outstanding: Basic (shares) Diluted (shares) Additional ownership interest (as a percent) Acquisition of properties by assumption of mortgage note payable and other accrued liabilities Non-qualified stock options Non-qualified Stock Options [Member] Non-qualified Stock Options [Member] Grant date of award (in dollars per share) Share-based Compensation Arrangement by Share-based Payment Award, Other than Options, Outstanding, Weighted Average Grant Date Fair Value The weighted average grant date fair value at which grantees can acquire the shares reserved for issuance under the stock award plan other than options. Dividend yield (as a percent) Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate Current value (in dollars per share) Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Current Value Represents the current value assumption that is used in valuing an equity based award. Expected term (in years) Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term Stock options, outstanding, number (shares) Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number Stock options, outstanding, weighted average exercise price (in dollars per share) Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price Share Price Share Price SARs Stock Appreciation Rights (SARs) [Member] Units Balance at beginning of year (shares) Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number Exercised (shares) Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Exercised Special dividend adjustment (shares) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Special Dividend Adjustment Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Special Dividend Adjustment Balance at end of year (shares) Weighted Average Exercise Price (in dollars per share) Special dividend adjustment (in dollars per share) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Special Dividend Adjustment, Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Special Dividend Adjustment, Weighted Average Grant Date Fair Value Share and Unit-based Plans Disclosure of Compensation Related Costs, Share-based Payments [Text Block] Derivative Instruments and Hedging Activities Disclosure [Abstract] Schedule of Derivative Outstanding Schedule of Derivative Instruments [Table Text Block] Line of Credit Line of Credit [Member] Term Loan Unsecured Debt [Member] Prasada Note Prasada Note [Member] Prasada Note [Member] Low end of range High end of range Level 2 Bank and other notes payable Line of credit Line of Credit Facility, Maximum Borrowing Capacity Extension option term Line of Credit Facility, Term of Extension Option The term of the extension option on the credit facility. Maximum contingent borrowing capacity Line of Credit Facility, Maximum Contingent Borrowing Capacity Line of Credit Facility, Maximum Contingent Borrowing Capacity Line of credit Long-term Line of Credit Average interest rate (as a percent) Line of Credit Facility, Interest Rate During Period Fair value of line of credit Line of Credit Facility, Fair Value of Amount Outstanding Debt issued Proceeds from Issuance of Debt Loss on extinguishment of debt Carrying value of term loan Estimated fair value of term loan Debt Instrument, Fair Value Disclosure Summary of Activity of Non-vested Stock Awards Schedule of Nonvested Share Activity [Table Text Block] Summary of Activity of Non-vested Stock Units Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] Summary of Activity of SARs Awards Schedule of Share-based Compensation, Stock Appreciation Rights Award Activity [Table Text Block] Summary of Activity of Non-vested LTIP Units Schedule of Share-based Compensation, LTIP Units Award, Activity [Table Text Block] Tabular disclosure of the changes in outstanding nonvested Long-Term Incentive Plan ("LTIP") units, stock awards, phantom stock and stock units. Summary of Activity of Stock Options Share-based Compensation, Stock Options, Activity [Table Text Block] Summary of Activity of Non-vested Phantom Stock Units Schedule of Share-based Compensation, Phantom Stock Units Award, Activity [Table Text Block] Tabular disclosure of the changes in outstanding nonvested phantom stock units. Compensation Cost Under the Share and Unit-based Plans Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block] Current Current Income Tax Expense (Benefit) Deferred Deferred Income Tax Expense (Benefit) Employee Benefit Plans Pension and Other Postretirement Benefits Disclosure [Text Block] Basis of Presentation Basis of Accounting, Policy [Policy Text Block] Consolidation of VIE Consolidation, Variable Interest Entity, Policy [Policy Text Block] Cash and Cash Equivalents and Restricted Cash Cash and Cash Equivalents, Policy [Policy Text Block] Revenues Revenue Recognition, Policy [Policy Text Block] Property Property, Plant and Equipment, Policy [Policy Text Block] Capitalization of Costs Capitalization of Cost [Policy Text Block] When a cost is recorded originally as an increase to an asset account, it is said to be capitalized. This means that the outlay is treated as a capital expenditure, which becomes part of the total cost basis of the asset. The alternative is to record the cost as an expense immediately in the period the cost is incurred. Capitalized costs refer mainly to costs that are recorded in the long-term operating assets of a business, such as buildings, machines, equipment, tools, and so on. Investment in Unconsolidated Joint Ventures Equity Method Investments [Policy Text Block] Acquisitions Business Combinations Policy [Policy Text Block] Deferred Charges Deferred Charges, Policy [Policy Text Block] Accounting for Impairment Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] Share and Unit-based Compensation Plans Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] Derivative Instruments and Hedging Activities Derivatives, Policy [Policy Text Block] Income Taxes Income Tax, Policy [Policy Text Block] Segment Information Segment Reporting, Policy [Policy Text Block] Fair Value of Financial Instruments Fair Value of Financial Instruments, Policy [Policy Text Block] Concentration of Risk Concentration Risk, Credit Risk, Policy [Policy Text Block] Management Estimates Use of Estimates, Policy [Policy Text Block] Recent Accounting Pronouncements New Accounting Pronouncements, Policy [Policy Text Block] Options Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] Balance at beginning of year (shares) Granted (shares) Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures Exercised (in shares) Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period Special dividend adjustment (shares) Share-based Compensation Arrangement by Share-based Payment Award, Options, Special Dividend Adjustment Share-based Compensation Arrangement by Share-based Payment Award, Options, Special Dividend Adjustment Balance at end of year (shares) Weighted Average Exercise Price (in dollars per share) Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract] Balance at beginning of year (in dollars per share) Granted (in dollars per share) Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value Exercised (in dollars per share) Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price Special dividend adjustment (in dollars per share) Share-based Compensation Arrangements by Share-based Payment Award, Options, Special Dividend Adjustment, Weighted Average Exercise Price Share-based Compensation Arrangements by Share-based Payment Award, Options, Special Dividend Adjustment, Weighted Average Exercise Price Balance at end of year (in dollars per share) Statement of Comprehensive Income [Abstract] Other comprehensive loss: Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest [Abstract] Comprehensive income Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest Comprehensive income attributable to the Company Comprehensive Income (Loss), Net of Tax, Attributable to Parent Schedule of Ownership Interest in Joint Ventures Equity Method Investments [Table Text Block] Combined and Condensed Balance Sheets of Unconsolidated Joint Ventures and Other Related Information Equity Method Investments, Summarized Financial Information Balance Sheet [Table Text Block] Disclosure of summarized balance sheet financial information for investments accounted for using the equity method of accounting. Combined and Condensed Statements of Operations of Unconsolidated Joint Ventures Equity Method Investments, Summarized Financial Information Statement of Operations [Table Text Block] Disclosure of summarized statement of operations information for investments accounted for using the equity method of accounting. Director's Phantom Stock Plan Directors Phantom Stock Plan [Member] Represents the information pertaining to the entity's Directors' Phantom Stock Plan. Deferral period for grant of units (in years) Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period Weighted Average Grant Date Fair Value (in dollars per share) SARS granted prior to 2012 Stock Appreciation Rights SARS Awarded Prior To 2012 [Member] Represents information pertaining to Stock Appreciation Rights granted prior to 2012. Stock appreciation units balance (shares) Stock appreciation weighted average price (in dollars per share) Summary of Significant Accounting Policies Basis of Presentation and Significant Accounting Policies [Text Block] Thereafter Schedule of Recognized Identified Assets Acquired and Liabilities Assumed Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] Summary of Gain on Remeasurement of Existing Investment Schedule of Business Acquisition, Preexisting Investment Fair Value Adjustment [Table Text Block] Tabular disclosure of a fair value adjustment to an existing investment made in connection with a business acquisition. Schedule of Reconciliation of the Purchase Price to the Fair Value of the Acquired Net Assets Schedule of Reconciliation of Purchase Price to Fair Value of Acquired, Net Assets [Table Text Block] Tabular disclosure of reconciliation of the purchase price to the fair value of the acquired net assets in a business combination. Stockholders' Equity Stockholders' Equity Note Disclosure [Text Block] Derivative Instruments and Hedging Activities Derivative Instruments and Hedging Activities Disclosure [Text Block] Fair value of existing ownership interest Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value Carrying value of investment Gain on remeasurement of assets Fair value of existing ownership interest (as a percent) Business Combination, Step Acquisition, Equity Interest in Acquiree, Percentage Document and Entity Information [Abstract] Document and Entity Information [Abstract] Entity Registrant Name Entity Registrant Name Entity Central Index Key Entity Central Index Key Current Fiscal Year End Date Current Fiscal Year End Date Entity Filer Category Entity Filer Category Document Type Document Type Document Period End Date Document Period End Date Document Fiscal Year Focus Document Fiscal Year Focus Document Fiscal Period Focus Document Fiscal Period Focus Amendment Flag Amendment Flag Entity Common Stock, Shares Outstanding Entity Common Stock, Shares Outstanding Entity Well-known Seasoned Issuer Entity Well-known Seasoned Issuer Entity Voluntary Filers Entity Voluntary Filers Entity Current Reporting Status Entity Current Reporting Status Entity Public Float Entity Public Float Fair Values Derivatives, Balance Sheet Location, by Derivative Contract Type [Table] Fair Values Derivatives, Balance Sheet Location, by Derivative Contract Type [Table] Derivative Instrument [Axis] Derivative Instrument [Axis] Derivative Contract [Domain] Derivative Contract [Domain] Interest rate cap Interest Rate Cap [Member] Derivatives, Fair Value [Line Items] Derivatives, Fair Value [Line Items] Notional Amount Derivative, Notional Amount LIBOR Rate Derivative, Variable Interest Rate Fair Value Derivative, Fair Value, Net Fair Value Inputs, Assets, Quantitative Information [Table] Fair Value Inputs, Assets, Quantitative Information [Table] Fair Value Inputs, Assets, Quantitative Information [Line Items] Fair Value Inputs, Assets, Quantitative Information [Line Items] Terminal capitalization rate Fair Value Inputs, Cap Rate Discount rate Fair Value Inputs, Discount Rate Market rents per square foot Fair Value Inputs, Price Per Square Foot Schedule of Segment Reporting Information, by Segment [Table] Schedule of Segment Reporting Information, by Segment [Table] Segment Reporting Information [Line Items] Segment Reporting Information [Line Items] Deferred Charges: Deferred Costs [Abstract] Deferred lease costs, amortization period (in years) Deferred Leasing Costs Amortization, Period Represents the initial term of tenant lease agreements over which leasing costs are deferred and amortized. Deferred financing costs, amortization period (in years) Deferred Financing Costs Amortization, Period Represents the term of loan agreements over which financing costs are deferred and amortized. Segment Information: Segment Reporting [Abstract] Number of business segments Number of Reportable Segments Number of geographic areas in which the Company operates Number of Countries in which Entity Operates Unconsolidated joint ventures and third party managed properties Unconsolidated Joint Ventures and Third Party Managed Properties [Member] Represents unconsolidated joint ventures and third-party properties that engage the entity to manage their operations. Management fees Management Fees Revenue Development and leasing fees Development and Leasing Fees Revenue Revenue, comprised of fees related to the development and leasing of joint venture properties and third-party managed properties. Fees charged to unconsolidated joint ventures Management, Development and Leasing Fees Revenue Revenue, comprised of base and incentive revenue, from developing, operating and managing another entity's business during the reporting period. Subsequent Events Subsequent Events [Text Block] Schedule of Deferred Charges and Other Assets, Net Schedule of Other Assets [Table Text Block] Schedule of Estimated Amortization of Intangible Assets for the Next Five Years and Thereafter Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] Allocated Values of Above-market Leases and below-market leases Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block] Schedule of Estimated Amortization of Allocated Values of Above and Below-market Leases for the Next Five Years and Thereafter Schedule of Above Market Lease and Below Market Lease Future Amortization [Table Text Block] Tabular disclosure of the allocated values of above and below-market leases expected to be amortized into minimum rents on a straight-line basis over the individual remaining lease terms. Great Northern Mall Great Northern Mall [Member] Represents the information pertaining to real estate property of the entity, Great Northern Mall. Flagstaff Mall Cascade Mall Cascade Mall [Member] Cascade Mall [Member] Northgate Mall Northgate Mall [Member] Represents the information pertaining to real estate property of the entity, Northgate Mall. Great Northern Mall Great Northern Mall Mortgage [Member] Mortgage note payable on the Great Northern Mall property pledged as collateral. Flagstaff Mall Flagstaff Mall [Member] Represents the information pertaining to real estate property of the entity, Flagstaff Mall. Gain (loss) on extinguishment of debt Gain (loss) on disposal EX-101.PRE 15 mac-20171231_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT GRAPHIC 16 mac2017charta11.jpg begin 644 mac2017charta11.jpg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end XML 17 R1.htm IDEA: XBRL DOCUMENT v3.8.0.1
Document and Entity Information - USD ($)
$ in Billions
 12 Months Ended
Dec. 31, 2017
Feb. 21, 2018
Jun. 30, 2017
Document and Entity Information [Abstract]      
Entity Registrant Name MACERICH CO    
Entity Central Index Key 0000912242    
Current Fiscal Year End Date --12-31    
Entity Filer Category Large Accelerated Filer    
Document Type 10-K    
Document Period End Date Dec. 31, 2017    
Document Fiscal Year Focus 2017    
Document Fiscal Period Focus FY    
Amendment Flag false    
Entity Common Stock, Shares Outstanding   140,852,118  
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Public Float     $ 8.2

XML 18 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS:    
Property, net $ 7,109,230 $ 7,357,310
Cash and cash equivalents 91,038 94,046
Restricted cash 52,067 49,951
Tenant and other receivables, net 112,653 136,998
Deferred charges and other assets, net 449,190 478,058
Due from affiliates 82,162 68,227
Investments in unconsolidated joint ventures 1,709,522 1,773,558
Total assets 9,605,862 9,958,148
Mortgage notes payable:    
Related parties 171,569 176,442
Others 4,066,511 3,908,976
Total 4,238,080 4,085,418
Bank and other notes payable 932,184 880,482
Accounts payable and accrued expenses 58,412 61,316
Other accrued liabilities 325,701 366,165
Distributions in excess of investments in unconsolidated joint ventures 83,486 78,626
Co-venture obligation 0 58,973
Total liabilities 5,637,863 5,530,980
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.01 par value, 250,000,000 shares authorized, 140,993,985 and 143,985,036 shares issued and outstanding at December 31, 2017 and 2016, respectively 1,410 1,440
Additional paid-in capital 4,510,489 4,593,229
Accumulated deficit (830,279) (488,782)
Accumulated other comprehensive loss (42) 0
Total stockholders' equity 3,681,578 4,105,887
Noncontrolling interests 286,421 321,281
Total equity 3,967,999 4,427,168
Total liabilities and equity $ 9,605,862 $ 9,958,148
XML 19 R3.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares
Dec. 31, 2017
Dec. 31, 2016
Statement of Financial Position [Abstract]    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized 250,000,000 250,000,000
Common stock, shares issued 140,993,985 143,958,036
Common stock, shares outstanding 140,993,985 143,958,036
XML 20 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Minimum rents $ 594,030 $ 616,295 $ 759,603
Percentage rents 17,124 20,902 25,693
Tenant recoveries 283,295 305,282 415,129
Other 55,819 59,328 61,470
Management Companies 43,394 39,464 26,254
Total revenues 993,662 1,041,271 1,288,149
Expenses:      
Shopping center and operating expenses 295,190 307,623 379,815
Management Companies' operating expenses 100,121 98,323 92,340
REIT general and administrative expenses 28,240 28,217 29,870
Costs related to unsolicited takeover offer 0 0 25,204
Depreciation and amortization 335,431 348,488 464,472
Total expenses before interest 758,982 782,651 991,701
Interest expense:      
Related parties 8,731 8,973 10,515
Other 163,045 154,702 201,428
Total interest expense 171,776 163,675 211,943
Gain on extinguishment of debt, net 0 (1,709) (1,487)
Total expenses 930,758 944,617 1,202,157
Equity in income of unconsolidated joint ventures 85,546 56,941 45,164
Co-venture expense (13,629) (13,382) (11,804)
Income tax (expense) benefit (15,594) (722) 3,223
Gain on sale or write down of assets, net 42,446 415,348 378,248
Gain on remeasurement of assets 0 0 22,089
Net income 161,673 554,839 522,912
Less net income attributable to noncontrolling interests 15,543 37,844 35,350
Net income attributable to the Company $ 146,130 $ 516,995 $ 487,562
Earnings per common share attributable to common stockholders:      
Net income attributable to common stockholders (dollars per share) $ 1.02 $ 3.52 $ 3.08
Net income attributable to common stockholders (dollars per share) $ 1.02 $ 3.52 $ 3.08
Weighted average number of common shares outstanding:      
Basic (shares) 141,877 146,599 157,916
Diluted (shares) 141,913 146,711 158,060
XML 21 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Statement of Comprehensive Income [Abstract]      
Net income $ 161,673 $ 554,839 $ 522,912
Other comprehensive loss:      
Interest rate cap (42) 0 0
Comprehensive income 161,631 554,839 522,912
Less net income attributable to noncontrolling interests 15,543 37,844 35,350
Comprehensive income attributable to the Company $ 146,088 $ 516,995 $ 487,562
XML 22 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Total Stockholders' Equity
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Balance (in shares) at Dec. 31, 2014     158,201,996        
Balance at Dec. 31, 2014 $ 6,039,849 $ 5,640,120 $ 1,582 $ 5,041,797 $ 596,741   $ 399,729
Increase (Decrease) in Stockholders' Equity              
Net income 522,912 487,562     487,562   35,350
Interest rate cap 0            
Amortization of share and unit-based plans (in shares)     241,186        
Amortization of share and unit-based plans 34,375 34,375 $ 2 34,373      
Employee stock purchases (in shares)     23,036        
Employee stock purchases 1,512 1,512   1,512      
Stock repurchase (in shares)     (4,140,788)        
Stock repurchase (400,144) (400,144) $ (41) (153,602) (246,501)    
Distributions (1,050,562) (1,050,562)     (1,050,562)    
Distributions to noncontrolling interests (74,677)           (74,677)
Contributions from noncontrolling interests 23           23
Other (1,593) (1,593)   (1,593)      
Conversion of noncontrolling interests to common shares (in shares)     79,556        
Conversion of noncontrolling interests to common shares 0 1,559 $ 1 1,558     (1,559)
Redemption of noncontrolling interests (456) (343)   (343)     (113)
Adjustment of noncontrolling interests in Operating Partnership 0 2,928   2,928     (2,928)
Balance (in shares) at Dec. 31, 2015     154,404,986        
Balance at Dec. 31, 2015 5,071,239 4,715,414 $ 1,544 4,926,630 (212,760)   355,825
Increase (Decrease) in Stockholders' Equity              
Net income 554,839 516,995     516,995   37,844
Interest rate cap 0            
Amortization of share and unit-based plans (in shares)     139,671        
Amortization of share and unit-based plans 40,529 40,529 $ 2 40,527      
Employee stock purchases (in shares)     28,147        
Employee stock purchases 1,697 1,697   1,697      
Stock repurchase (in shares)     (11,123,011)        
Stock repurchase (800,018) (800,018) $ (111) (412,391) (387,516)    
Distributions (405,501) (405,501)     (405,501)    
Distributions to noncontrolling interests (35,677)           (35,677)
Contributions from noncontrolling interests 90           90
Conversion of noncontrolling interests to common shares (in shares)     535,243        
Conversion of noncontrolling interests to common shares 0 12,448 $ 5 12,443     (12,448)
Redemption of noncontrolling interests (30) (23)   (23)     (7)
Adjustment of noncontrolling interests in Operating Partnership $ 0 24,346   24,346     (24,346)
Balance (in shares) at Dec. 31, 2016 143,958,036   143,985,036        
Balance at Dec. 31, 2016 $ 4,427,168 4,105,887 $ 1,440 4,593,229 (488,782) $ 0 321,281
Increase (Decrease) in Stockholders' Equity              
Net income 161,673 146,130     146,130   15,543
Interest rate cap (42) (42)       (42)  
Amortization of share and unit-based plans (in shares)     97,694        
Amortization of share and unit-based plans 37,005 37,005 $ 1 37,004      
Employee stock purchases (in shares)     38,832        
Employee stock purchases 1,868 1,868   1,868      
Stock repurchase (in shares)     (3,627,390)        
Stock repurchase (221,428) (221,428) $ (36) (135,176) (86,216)    
Distributions (407,895) (407,895)     (407,895)    
Distributions to noncontrolling interests (35,944)           (35,944)
Contributions from noncontrolling interests 30           30
Conversion of noncontrolling interests to common shares (in shares)     499,813        
Conversion of noncontrolling interests to common shares 0 16,797 $ 5 16,792     (16,797)
Redemption of noncontrolling interests (920) (615)   (615)     (305)
Adjustment of noncontrolling interests in Operating Partnership $ 0 (2,613)   (2,613)     2,613
Balance (in shares) at Dec. 31, 2017 140,993,985   140,993,985        
Balance at Dec. 31, 2017 $ 3,967,999 3,681,578 $ 1,410 $ 4,510,489 (830,279) $ (42) $ 286,421
Increase (Decrease) in Stockholders' Equity              
Cumulative effect of adoption of ASU 2016-09 $ 6,484 $ 6,484     $ 6,484    
XML 23 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF EQUITY (parenthetical) - $ / shares
 12 Months Ended
Nov. 12, 2015
Oct. 30, 2015
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Statement of Stockholders' Equity [Abstract]          
Dividends declared for common stock (in dollars per share) $ 2.00 $ 2.00 $ 2.87 $ 2.75 $ 6.63
XML 24 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income $ 161,673 $ 554,839 $ 522,912
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on extinguishment of debt, net 0 (1,709) (1,487)
Gain on sale or write down of assets, net (42,446) (415,348) (378,248)
Gain on remeasurement of assets 0 0 (22,089)
Depreciation and amortization 341,275 355,358 471,320
Amortization of net premium on mortgage notes payable (3,277) (4,048) (20,232)
Amortization of share and unit-based plans 30,799 33,288 28,367
Straight-line rent adjustment (8,597) (5,237) (7,192)
Amortization of above and below-market leases (964) (12,815) (16,510)
Provision for doubtful accounts 4,314 3,586 4,698
Income tax expense (benefit) 15,594 722 (3,223)
Equity in income of unconsolidated joint ventures (85,546) (56,941) (45,164)
Co-venture expense 13,629 13,382 11,804
Distributions of income from unconsolidated joint ventures 463 7,248 4,541
Changes in assets and liabilities, net of acquisitions and dispositions:      
Tenant and other receivables (6,508) (7,585) 1,908
Other assets (4,414) (20,033) 13,892
Due from affiliates (13,982) 15,983 (7,025)
Accounts payable and accrued expenses (5,822) (8,929) (4,014)
Other accrued liabilities (9,802) (22,227) 698
Net cash provided by operating activities 386,389 429,534 554,956
Cash flows from investing activities:      
Acquisition of properties 0 0 (26,250)
Development, redevelopment, expansion and renovation of properties (160,343) (211,616) (272,334)
Property improvements (41,807) (47,863) (53,335)
Proceeds from repayment of notes receivable 7,073 3,677 1,833
Deposit on acquisition of property 0 0 (12,500)
Deferred leasing costs (31,655) (28,074) (33,902)
Distributions from unconsolidated joint ventures 267,964 444,095 105,640
Contributions to unconsolidated joint ventures (117,538) (430,428) (426,186)
Proceeds from sale of assets 255,294 724,275 646,898
Restricted cash (2,116) (10,953) (30,888)
Net cash provided by (used in) investing activities 176,872 443,113 (101,024)
Cash flows from financing activities:      
Proceeds from mortgages, bank and other notes payable 1,430,000 3,201,138 4,080,671
Payments on mortgages, bank and other notes payable (1,219,728) (2,437,891) (3,284,213)
Deferred financing costs (8,500) (10,584) (11,805)
Payment of finance deposits, net of refunds received 0 0 (11,138)
Payment of debt extinguishment costs 0 (12,028) (14,579)
Proceeds from share and unit-based plans 1,868 1,697 1,512
Stock repurchases (221,428) (800,018) (400,144)
Redemption of noncontrolling interests (920) (30) (456)
Contributions from noncontrolling interests 30 90 23
Purchase of noncontrolling interest 0 0 (1,593)
Settlement of contingent consideration 0 (10,012) 0
Dividends and distributions (443,839) (779,308) (787,109)
Distributions to co-venture partner (103,752) (18,165) (23,498)
Net cash used in financing activities (566,269) (865,111) (452,329)
Net (decrease) increase in cash and cash equivalents (3,008) 7,536 1,603
Cash and cash equivalents, beginning of year 94,046 86,510 84,907
Cash and cash equivalents, end of year 91,038 94,046 86,510
Supplemental cash flow information:      
Cash payments for interest, net of amounts capitalized 168,493 153,838 231,106
Non-cash investing and financing activities:      
Accrued development costs included in accounts payable and accrued expenses and other accrued liabilities 43,726 49,484 52,983
Conversion of Operating Partnership Units to common stock 16,797 12,448 1,559
Accrued dividend 0 0 337,703
Mortgage notes payable settled by deed-in-lieu of foreclosure 0 37,000 34,149
Mortgage notes payable assumed by buyer in exchange for investment in unconsolidated joint venture 0 997,695 1,782,455
Acquisition of property in exchange for investment in unconsolidated joint venture 0 0 76,250
Assumption of mortgage notes payable and other liabilities from unconsolidated joint ventures $ 0 $ 0 $ 50,000
XML 25 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Organization
 12 Months Ended
Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization
Organization:
The Macerich Company (the "Company") is involved in the acquisition, ownership, development, redevelopment, management and leasing of regional and community/power shopping centers (the "Centers") located throughout the United States.
The Company commenced operations effective with the completion of its initial public offering on March 16, 1994. As of December 31, 2017, the Company was the sole general partner of and held a 93% ownership interest in The Macerich Partnership, L.P. (the "Operating Partnership"). The Company was organized to qualify as a real estate investment trust ("REIT") under the Internal Revenue Code of 1986, as amended (the "Code").
The property management, leasing and redevelopment of the Company's portfolio is provided by the Company's management companies, Macerich Property Management Company, LLC, a single member Delaware limited liability company, Macerich Management Company, a California corporation, Macerich Arizona Partners LLC, a single member Arizona limited liability company, Macerich Arizona Management LLC, a single member Delaware limited liability company, Macerich Partners of Colorado LLC, a single member Colorado limited liability company, MACW Mall Management, Inc., a New York corporation, and MACW Property Management, LLC, a single member New York limited liability company. All seven of the management companies are owned by the Company and are collectively referred to herein as the "Management Companies."
XML 26 R10.htm IDEA: XBRL DOCUMENT v3.8.0.1
Summary of Significant Accounting Policies
 12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies:
Basis of Presentation:
These consolidated financial statements have been prepared in accordance with generally accepted accounting principles ("GAAP") in the United States of America.
The accompanying consolidated financial statements include the accounts of the Company. Investments in entities in which the Company has a controlling financial interest or entities that meet the definition of a variable interest entity ("VIE") in which the Company has, as a result of ownership, contractual or other financial interests, both the power to direct activities that most significantly impact the economic performance of the VIE and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE are consolidated; otherwise they are accounted for under the equity method of accounting and are reflected as investments in unconsolidated joint ventures.
The Company's sole significant asset is its investment in the Operating Partnership and as a result, substantially all of the Company's assets and liabilities represent the assets and liabilities of the Operating Partnership. In addition, the Operating Partnership has investments in a number of VIEs.
The Operating Partnership's VIEs included the following assets and liabilities:
 
December 31,
 
2017
 
2016
Assets:
 
 
 
Property, net
$
288,881

 
$
307,582

Other assets
60,586

 
68,863

Total assets
$
349,467

 
$
376,445

Liabilities:
 
 
 
Mortgage notes payable
$
129,436

 
$
133,245

Other liabilities
72,705

 
75,913

Total liabilities
$
202,141

 
$
209,158


All intercompany accounts and transactions have been eliminated in the consolidated financial statements.
Cash and Cash Equivalents and Restricted Cash:
The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents, for which cost approximates fair value. Restricted cash includes impounds of property taxes and other capital reserves required under loan agreements.
Revenues:
Minimum rental revenues are recognized on a straight-line basis over the terms of the related leases. The difference between the amount of rent due in a year and the amount recorded as rental income is referred to as the "straight-line rent adjustment." Minimum rents were increased by $8,597, $5,237 and $7,192 due to the straight-line rent adjustment during the years ended December 31, 2017, 2016 and 2015, respectively. Percentage rents are recognized and accrued when tenants' specified sales targets have been met.
Estimated recoveries from certain tenants for their pro rata share of real estate taxes, insurance and other shopping center operating expenses are recognized as revenues in the period the applicable expenses are incurred. Other tenants pay a fixed rate and these tenant recoveries are recognized as revenues on a straight-line basis over the term of the related leases.
The Management Companies provide property management, leasing, corporate, development, redevelopment and acquisition services to affiliated and non-affiliated shopping centers. In consideration for these services, the Management Companies receive monthly management fees generally ranging from 1.5% to 5% of the gross monthly rental revenue of the properties managed.
Property:
Maintenance and repair expenses are charged to operations as incurred. Costs for major replacements and betterments, which includes HVAC equipment, roofs, parking lots, etc., are capitalized and depreciated over their estimated useful lives. Gains and losses are recognized upon disposal or retirement of the related assets and are reflected in earnings.
Property is recorded at cost and is depreciated using a straight-line method over the estimated useful lives of the assets as follows:
Buildings and improvements
5 - 40 years
Tenant improvements
5 - 7 years
Equipment and furnishings
5 - 7 years

Capitalization of Costs:
The Company capitalizes costs incurred in redevelopment, development, renovation and improvement of properties. The capitalized costs include pre-construction costs essential to the development of the property, development costs, construction costs, interest costs, real estate taxes, salaries and related costs and other costs incurred during the period of development. These capitalized costs include direct and certain indirect costs clearly associated with the project. Indirect costs include real estate taxes, insurance and certain shared administrative costs. In assessing the amounts of direct and indirect costs to be capitalized, allocations are made to projects based on estimates of the actual amount of time spent on each activity. Indirect costs not clearly associated with specific projects are expensed as period costs. Capitalized indirect costs are allocated to development and redevelopment activities based on the square footage of the portion of the building not held available for immediate occupancy. If costs and activities incurred to ready the vacant space cease, then cost capitalization is also discontinued until such activities are resumed. Once work has been completed on a vacant space, project costs are no longer capitalized. For projects with extended lease-up periods, the Company ends the capitalization when significant activities have ceased, which does not exceed the shorter of a one-year period after the completion of the building shell or when the construction is substantially complete.
Investment in Unconsolidated Joint Ventures:
The Company accounts for its investments in joint ventures using the equity method of accounting unless the Company has a controlling financial interest in the joint venture or the joint venture meets the definition of a variable interest entity in which the Company is the primary beneficiary through both its power to direct activities that most significantly impact the economic performance of the variable interest entity and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the variable interest entity. Although the Company has a greater than 50% interest in Candlestick Center LLC, Corte Madera Village, LLC, Macerich HHF Centers LLC, New River Associates LLC and Pacific Premier Retail LLC, the Company does not have controlling financial interests in these joint ventures due to the substantive participation rights of the outside partners in these joint ventures and, therefore, accounts for its investments in these joint ventures using the equity method of accounting.
Equity method investments are initially recorded on the balance sheet at cost and are subsequently adjusted to reflect the Company’s proportionate share of net earnings and losses, distributions received, additional contributions and certain other adjustments, as appropriate. The Company separately reports investments in joint ventures when accumulated distributions have exceeded the Company’s investment, as distributions in excess of investments in unconsolidated joint ventures. The net investment of certain joint ventures is less than zero because of financing or operating distributions that are usually greater than net income, as net income includes charges for depreciation and amortization.
Acquisitions:
The Company allocates the estimated fair value of acquisitions to land, building, tenant improvements and identified intangible assets and liabilities, based on their estimated fair values. In addition, any assumed mortgage notes payable are recorded at their estimated fair values. The estimated fair value of the land and buildings is determined utilizing an “as if vacant” methodology. Tenant improvements represent the tangible assets associated with the existing leases valued on a fair value basis at the acquisition date prorated over the remaining lease terms. The tenant improvements are classified as an asset under property and are depreciated over the remaining lease terms. Identifiable intangible assets and liabilities relate to the value of in-place operating leases which come in three forms: (i) leasing commissions and legal costs, which represent the value associated with “cost avoidance” of acquiring in-place leases, such as lease commissions paid under terms generally experienced in the Company's markets; (ii) value of in-place leases, which represents the estimated loss of revenue and of costs incurred for the period required to lease the “assumed vacant” property to the occupancy level when purchased; and (iii) above or below-market value of in-place leases, which represents the difference between the contractual rents and market rents at the time of the acquisition, discounted for tenant credit risks. Leasing commissions and legal costs are recorded in deferred charges and other assets and are amortized over the remaining lease terms. The value of in-place leases are recorded in deferred charges and other assets and amortized over the remaining lease terms plus any below-market fixed rate renewal options. Above or below-market leases are classified in deferred charges and other assets or in other accrued liabilities, depending on whether the contractual terms are above or below-market, and the asset or liability is amortized to minimum rents over the remaining terms of the leases. The remaining lease terms of below-market leases may include certain below-market fixed-rate renewal periods. In considering whether or not a lessee will execute a below-market fixed-rate lease renewal option, the Company evaluates economic factors and certain qualitative factors at the time of acquisition such as tenant mix in the Center, the Company's relationship with the tenant and the availability of competing tenant space. The initial allocation of purchase price is based on management's preliminary assessment, which may change when final information becomes available. Subsequent adjustments made to the initial purchase price allocation are made within the allocation period, which does not exceed one year. The purchase price allocation is described as preliminary if it is not yet final. The use of different assumptions in the allocation of the purchase price of the acquired assets and liabilities assumed could affect the timing of recognition of the related revenues and expenses.
The Company immediately expenses costs associated with business combinations as period costs.
Remeasurement gains are recognized when the Company obtains control of an existing equity method investment to the extent that the fair value of the existing equity investment exceeds the carrying value of the investment.
Deferred Charges:
Costs relating to obtaining tenant leases are deferred and amortized over the initial term of the lease agreement using the straight-line method. As these deferred leasing costs represent productive assets incurred in connection with the Company's leasing arrangements at the Centers, the related cash flows are classified as investing activities within the accompanying Consolidated Statements of Cash Flows. Costs relating to financing of shopping center properties are deferred and amortized over the life of the related loan using the straight-line method, which approximates the effective interest method.
The range of the terms of the agreements is as follows:
Deferred lease costs
1 - 15 years
Deferred financing costs
1 - 15 years

Accounting for Impairment:
The Company assesses whether an indicator of impairment in the value of its properties exists by considering expected future operating income, trends and prospects, as well as the effects of demand, competition and other economic factors. Such factors include projected rental revenue, operating costs and capital expenditures as well as estimated holding periods and capitalization rates. If an impairment indicator exists, the determination of recoverability is made based upon the estimated undiscounted future net cash flows, excluding interest expense. The amount of impairment loss, if any, is determined by comparing the fair value, as determined by a discounted cash flows analysis, with the carrying value of the related assets. The Company generally holds and operates its properties long-term, which decreases the likelihood of their carrying values not being recoverable. Properties classified as held for sale are measured at the lower of the carrying amount or fair value less cost to sell.
The Company reviews its investments in unconsolidated joint ventures for a series of operating losses and other factors that may indicate that a decrease in the value of its investments has occurred which is other-than-temporary. The investment in each unconsolidated joint venture is evaluated periodically, and as deemed necessary, for recoverability and valuation declines that are other-than-temporary.
Share and Unit-based Compensation Plans:
The cost of share and unit-based compensation awards is measured at the grant date based on the calculated fair value of the awards and is recognized on a straight-line basis over the requisite service period, which is generally the vesting period of the awards. For market-indexed LTIP awards, compensation cost is recognized under the graded attribution method.
Derivative Instruments and Hedging Activities:
The Company recognizes all derivatives in the consolidated financial statements and measures the derivatives at fair value. The Company uses interest rate swap and cap agreements (collectively, "interest rate agreements") in the normal course of business to manage or reduce its exposure to adverse fluctuations in interest rates. The Company designs its hedges to be effective in reducing the risk exposure that they are designated to hedge. Any instrument that meets the cash flow hedging criteria is formally designated as a cash flow hedge at the inception of the derivative contract. On an ongoing quarterly basis, the Company adjusts its balance sheet to reflect the current fair value of its derivatives. To the extent they are effective, changes in fair value are recorded in comprehensive income. Ineffective portions, if any, are included in net income (loss).
Amounts paid (received) as a result of interest rate agreements are recorded as an addition (reduction) to (of) interest expense.
If any derivative instrument used for risk management does not meet the hedging criteria, it is marked-to-market each period with the change in value included in the consolidated statements of operations.

Income Taxes:
The Company elected to be taxed as a REIT under the Code commencing with its taxable year ended December 31, 1994. To qualify as a REIT, the Company must meet a number of organizational and operational requirements, including a requirement that it distribute at least 90% of its taxable income to its stockholders. It is management's current intention to adhere to these requirements and maintain the Company's REIT status. As a REIT, the Company generally will not be subject to corporate level federal income tax on taxable income it distributes currently to its stockholders. If the Company fails to qualify as a REIT in any taxable year, then it will be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and may not be able to qualify as a REIT for four subsequent taxable years. Even if the Company qualifies for taxation as a REIT, the Company may be subject to certain state and local taxes on its income and property and to federal income and excise taxes on its undistributed taxable income, if any.
Each partner is taxed individually on its share of partnership income or loss, and accordingly, no provision for federal and state income tax is provided for the Operating Partnership in the consolidated financial statements. The Company's taxable REIT subsidiaries ("TRSs") are subject to corporate level income taxes, which are provided for in the Company's consolidated financial statements.
Deferred tax assets and liabilities are recognized for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The deferred tax assets and liabilities of the TRSs relate primarily to differences in the book and tax bases of property and to operating loss carryforwards for federal and state income tax purposes. A valuation allowance for deferred tax assets is provided if the Company believes it is more likely than not that all or some portion of the deferred tax assets will not be realized. Realization of deferred tax assets is dependent on the Company generating sufficient taxable income in future periods.
Segment Information:
The Company currently operates in one business segment, the acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers. Additionally, the Company operates in one geographic area, the United States.
Fair Value of Financial Instruments:
The fair value hierarchy distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity and the reporting entity's own assumptions about market participant assumptions.
Level 1 inputs utilize quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs may include quoted prices for similar assets and liabilities in active markets, as well as inputs that are observable for the asset or liability (other than quoted prices), such as interest rates, foreign exchange rates and yield curves that are observable at commonly quoted intervals. Level 3 inputs are unobservable inputs for the asset or liability, which are typically based on an entity's own assumptions, as there is little, if any, related market activity. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability.
The Company calculates the fair value of financial instruments and includes this additional information in the notes to consolidated financial statements when the fair value is different than the carrying value of those financial instruments. When the fair value reasonably approximates the carrying value, no additional disclosure is made.
Fair Value of Financial Instruments:(Continued)
The fair values of interest rate agreements are determined using the market standard methodology of discounting the future expected cash receipts that would occur if variable interest rates fell below or rose above the strike rate of the interest rate agreements. The variable interest rates used in the calculation of projected receipts on the interest rate agreements are based on an expectation of future interest rates derived from observable market interest rate curves and volatilities. The Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty's nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts and guarantees.
Concentration of Risk:
The Company maintains its cash accounts in a number of commercial banks. Accounts at these banks are guaranteed by the Federal Deposit Insurance Corporation ("FDIC") up to $250. At various times during the year, the Company had deposits in excess of the FDIC insurance limit.
No Center or tenant generated more than 10% of total revenues during the years ended December 31, 2017, 2016 or 2015.
Management Estimates:
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Recent Accounting Pronouncements:
In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") 2014-09, “Revenue From Contracts With Customers,” which outlines a comprehensive model for entities to use in accounting for revenue arising from contracts with customers. The standard states that “an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.” While the standard specifically references contracts with customers, it may apply to certain other transactions such as the sale of real estate or equipment. The standard will initially apply to the Company's recognition of management companies and other revenues. This standard will not apply to the Company's recognition of tenant recoveries until January 1, 2019, when it adopts ASU 2016-02, "Leases (Topic 842)", as discussed below. The Company's adoption of ASU 2014-09 on January 1, 2018 did not have a significant impact on the pattern of revenue recognition for management companies and other revenues.
Additionally, under ASU 2014-09, the Company will account for its joint venture in Chandler Fashion Center and Freehold Raceway Mall (See Note 11—Co-Venture Arrangement) as a financing arrangement. The financing arrangement liability is required to be recorded at fair value upon adoption and any subsequent changes in fair value recognized as interest expense in the Company's consolidated statements of operations. The Company's adoption of this standard effective January 1, 2018 is expected to result in the replacement of its $31,150 distributions in excess of co-venture obligation (See Note 8—Deferred Charges and Other Assets, net) with a financing arrangement liability estimated to be $393,700 on its consolidated balance sheets. This will result in the recognition of an estimated $424,850 increase in the Company’s accumulated deficit as a cumulative effect adjustment under the modified retrospective method of adoption. The financing arrangement liability and cumulative effect adjustment are provisional and are still being evaluated by management. Such amounts are subject to change and will be finalized on the Company’s consolidated financial statements for the three months ended March 31, 2018.   
Recent Accounting Pronouncements: (Continued)
In February 2016, the FASB issued ASU 2016-02, which sets out principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e. lessees and lessors). The standard requires that lessors expense, on an as-incurred basis, certain initial direct costs that are not incremental in negotiating a lease. Under existing standards, certain of these costs are capitalizable and therefore this new standard may result in certain of these costs being expensed as incurred after adoption. Additionally, under the standard, certain common area maintenance recoveries must be accounted for as a non-lease component.
Under ASU 2016-02, lessees apply a dual approach, classifying leases as either finance or operating leases. A lessee is required to record a right-of-use asset and a lease liability for all leases with a term of greater than twelve months, regardless of their lease classification. The Company is a lessee on ground leases at certain properties, on certain office space leases and on certain other improvements and equipment. The standard will impact the accounting and disclosure requirements for these leases. The standard is effective for the Company under a modified retrospective approach beginning January 1, 2019. The Company is evaluating the impact of the adoption of this standard on its consolidated financial statements.
In November 2017, the FASB decided to proceed with issuing a final accounting standards update on the new leasing standard, which would provide additional practical expedients that can be elected upon adoption of ASU 2016-02 on January 1, 2019. The FASB issued an exposure draft on January 5, 2018 that includes a practical expedient that would allow lessors, as an accounting policy election by class of underlying asset, to not bifurcate non-lease components from the related lease components if certain conditions are met, and a practical expedient that would enable a cumulative effect transition option in which a company would not have to adjust their comparative period financial statements for the effects of the new standard. The Company plans on utilizing the practical expedients provided by ASU 2016-02 and the final accounting standards update and will continue to monitor and review updates as they are provided by the FASB.
In March 2016, the FASB issued ASU 2016-09, "Compensation-Stock Compensation (Topic 718)," which amended the accounting for share-based payments, including the income tax consequences, classification of awards and classification on the statement of cash flows. The Company's adoption of this standard on January 1, 2017 under the modified retrospective method resulted in the recognition of excess tax benefits of $6,484 as a cumulative effect adjustment, which reduced its accumulated deficit and increased its deferred tax assets by the same amount.
In August 2016, the FASB issued ASU 2016-15, "Statement of Cash flows (Topic 230)," which amended the accounting for the statement of cash flows by providing guidance on how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The Company's adoption of this standard on January 1, 2017 resulted in the reclassification of $12,028 and $14,579 of debt extinguishment costs from operating activities to financing activities on its consolidated statements of cash flows for the year ended December 31, 2016 and 2015, respectively.
On November 17, 2016, the FASB issued ASU 2016-18, “Restricted Cash,” which requires that the statement of cash flows explain the change during a reporting period in the total of cash, cash equivalents, and amounts generally described as restricted cash and restricted cash equivalents. This standard states that transfers between cash, cash equivalents, and restricted cash are not part of the entity’s operating, investing, and financing activities. Therefore, restricted cash should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The Company's adoption of this standard on January 1, 2018 did not have a significant impact on its consolidated statements of cash flows.
On January 5, 2017, the FASB issued ASU 2017-01, “Business Combinations,” which clarifies the definition of a business. The objective of the standard is to add further guidance that assists entities in evaluating whether a transaction will be accounted for as an acquisition of an asset or a business. The guidance requires an entity to evaluate if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets. If so, the set of transferred assets and activities are not a business and should be treated as an asset acquisition. The guidance also requires a business to include at least one substantive process and narrows the definition of outputs. The primary difference between business combinations and asset acquisitions is the recognition of transaction costs, which are expensed as period costs for business combinations and capitalized for asset acquisitions. The Company's adoption of this standard on January 1, 2018 did not have a significant impact on its consolidated financial statements.
Recent Accounting Pronouncements: (Continued)
In February 2017, the FASB issued ASU No. 2017-05, “Other Income-Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets,” which clarifies the scope of asset derecognition and adds further guidance for recognizing gains and losses from the transfer of nonfinancial assets in contracts with non-customers. The Company's adoption of this standard on January 1, 2018 did not have a significant impact on its consolidated financial statements.
In August 2017, the FASB issued ASU 2017-12, “Targeted Improvements to Accounting for Hedging Activities,” which aims to (i) improve the transparency and understandability of information conveyed to financial statement users about an entity’s risk management activities by better aligning the entity’s financial reporting for hedging relationships with those risk management activities and (ii) reduce the complexity of and simplify the application of hedge accounting by preparers. The standard is effective for the Company beginning January 1, 2019, with early adoption permitted. The Company is evaluating the impact of the adoption of this standard on its consolidated financial statements.
XML 27 R11.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings Per Share ("EPS")
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share (EPS)
Earnings Per Share ("EPS"):
The following table reconciles the numerator and denominator used in the computation of earnings per share for the years ended December 31 (shares in thousands):
 
2017
 
2016
 
2015
Numerator
 
 
 
 
 
Net Income
$
161,673

 
$
554,839

 
$
522,912

Net income attributable to noncontrolling interests
(15,543
)
 
(37,844
)
 
(35,350
)
Net income attributable to the Company
146,130

 
516,995

 
487,562

Allocation of earnings to participating securities
(757
)
 
(779
)
 
(1,493
)
Numerator for basic and diluted EPS—net income attributable to common stockholders
$
145,373

 
$
516,216

 
$
486,069

Denominator
 
 
 
 
 
Denominator for basic EPS—weighted average number of common shares outstanding
141,877

 
146,599

 
157,916

Effect of dilutive securities (1)
 
 
 
 
 
   Share and unit based compensation
36

 
112

 
144

Denominator for diluted EPS—weighted average number of common shares outstanding
141,913

 
146,711

 
158,060

EPS—net income attributable to common stockholders:
 
 
 
 
 
Basic
$
1.02

 
$
3.52

 
$
3.08

Diluted
$
1.02

 
$
3.52

 
$
3.08


____________________________________
(1)
Diluted EPS excludes 90,619, 133,366 and 139,186 convertible preferred units for the years ended December 31, 2017, 2016 and 2015, respectively, as their impact was antidilutive.
Diluted EPS excludes 10,416,321 and 10,721,271 and 10,562,154 Operating Partnership units ("OP Units") for the years ended December 31, 2017, 2016 and 2015, respectively, as their effect was antidilutive.
XML 28 R12.htm IDEA: XBRL DOCUMENT v3.8.0.1
Investments in Unconsolidated Joint Ventures
 12 Months Ended
Dec. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Investments in Unconsolidated Joint Ventures
Investments in Unconsolidated Joint Ventures:
The following are the Company's direct or indirect investments in various joint ventures with third parties. The Company's direct or indirect ownership interest in each joint venture as of December 31, 2017 was as follows:
Joint Venture
Ownership %(1)
443 Wabash MAB LLC
45.0
%
AM Tysons LLC
50.0
%
Biltmore Shopping Center Partners LLC
50.0
%
Candlestick Center LLC—Fashion Outlets of San Francisco
50.1
%
Coolidge Holding LLC
37.5
%
Corte Madera Village, LLC
50.1
%
Country Club Plaza KC Partners LLC
50.0
%
Fashion District Philadelphia—Various Entities
50.0
%
Jaren Associates #4
12.5
%
Kierland Commons Investment LLC
50.0
%
Macerich HHF Centers LLC—Various Properties
51.0
%
Macerich Northwestern Associates—Broadway Plaza
50.0
%
MS Portfolio LLC
50.0
%
New River Associates LLC—Arrowhead Towne Center
60.0
%
North Bridge Chicago LLC
50.0
%
One Scottsdale Investors LLC
50.0
%
Pacific Premier Retail LLC—Various Properties
60.0
%
Propcor II Associates, LLC—Boulevard Shops
50.0
%
Scottsdale Fashion Square Partnership
50.0
%
The Market at Estrella Falls LLC
40.1
%
TM TRS Holding Company LLC
50.0
%
Tysons Corner LLC
50.0
%
Tysons Corner Hotel I LLC
50.0
%
Tysons Corner Property Holdings II LLC
50.0
%
Tysons Corner Property LLC
50.0
%
West Acres Development, LLP
19.0
%
Westcor/Queen Creek LLC
38.2
%
Westcor/Surprise Auto Park LLC
33.3
%
WMAP, L.L.C.—Atlas Park, The Shops at
50.0
%
_______________________________________________________________________________
(1)
The Company's ownership interest in this table reflects its direct or indirect legal ownership interest. Legal ownership may, at times, not equal the Company’s economic interest in the listed entities because of various provisions in certain joint venture agreements regarding distributions of cash flow based on capital account balances, allocations of profits and losses and payments of preferred returns. As a result, the Company’s actual economic interest (as distinct from its legal ownership interest) in certain of the properties could fluctuate from time to time and may not wholly align with its legal ownership interests. Substantially all of the Company’s joint venture agreements contain rights of first refusal, buy-sell provisions, exit rights, default dilution remedies and/or other break up provisions or remedies which are customary in real estate joint venture agreements and which may, positively or negatively, affect the ultimate realization of cash flow and/or capital or liquidation proceeds.

The Company has made the following investments and dispositions in unconsolidated joint ventures during the years ended December 31, 2017, 2016 and 2015:
On February 17, 2015, the Company acquired the remaining 50% ownership interest in Inland Center, an 869,000 square foot regional shopping center in San Bernardino, California, that it did not previously own for $51,250. The purchase price was funded by a cash payment of $26,250 and the assumption of the third party's share of the mortgage note payable on the property of $25,000. Concurrent with the purchase of the joint venture interest, the Company paid off the $50,000 mortgage note payable on the property. The cash payment was funded by borrowings under the Company's line of credit. Prior to the acquisition, the Company had accounted for its investment in Inland Center under the equity method of accounting. Since the date of acquisition, the Company has included Inland Center in its consolidated financial statements (See Note 14—Acquisitions).
On April 30, 2015, the Company entered into a 50/50 joint venture with Sears to own nine freestanding stores located at Arrowhead Towne Center, Chandler Fashion Center, Danbury Fair Mall, Deptford Mall, Freehold Raceway Mall, Los Cerritos Center, South Plains Mall, Vintage Faire Mall and Washington Square. The Company invested $150,000 for a 50% ownership interest in the joint venture, which was funded by borrowings under the Company's line of credit.
On October 30, 2015, the Company sold a 40% ownership interest in Pacific Premier Retail LLC (the "PPR Portfolio"), which owns Lakewood Center, a 2,070,000 square foot regional shopping center in Lakewood, California; Los Cerritos Center, a 1,305,000 square foot regional shopping center in Cerritos, California; South Plains Mall, a 1,128,000 square foot regional shopping center in Lubbock, Texas; and Washington Square, a 1,442,000 square foot regional shopping center in Portland, Oregon, for a total sales price of $1,258,643, resulting in a gain on sale of assets of $311,194. The sales price was funded by a cash payment of $545,643 and the assumption of a pro rata share of the mortgage and other notes payable on the properties of $713,000. The Company used the cash proceeds from the sales to pay down its line of credit and for general corporate purposes, which included funding the ASR and Special Dividend (See Note 13—Stockholders' Equity). Upon completion of the sale of the ownership interest, the Company no longer has a controlling interest in the joint venture due to the substantive participation rights of the outside partner. Accordingly, the Company accounts for its investment in the PPR Portfolio under the equity method of accounting.
On January 6, 2016, the Company sold a 40% ownership interest in Arrowhead Towne Center, a 1,197,000 square foot regional shopping center in Glendale, Arizona, for $289,496, resulting in a gain on the sale of assets of $101,629. The sales price was funded by a cash payment of $129,496 and the assumption of a pro rata share of the mortgage note payable on the property of $160,000. The Company used the cash proceeds from the sale to pay down its line of credit and for general corporate purposes, which included funding the Special Dividend (See Note 13—Stockholders' Equity). Upon completion of the sale of the ownership interest, the Company no longer has a controlling interest in the joint venture due to the substantive participation rights of the outside partner. Accordingly, the Company accounts for its investment in Arrowhead Towne Center under the equity method of accounting.
On January 14, 2016, the Company formed a joint venture, whereby the Company sold a 49% ownership interest in Deptford Mall, a 1,040,000 square foot regional shopping center in Deptford, New Jersey; FlatIron Crossing, a 1,433,000 square foot regional shopping center in Broomfield, Colorado; and Twenty Ninth Street, an 847,000 square foot regional shopping center in Boulder, Colorado (the "MAC Heitman Portfolio"), for $771,478, resulting in a gain on the sale of assets of $340,734. The sales price was funded by a cash payment of $478,608 and the assumption of a pro rata share of the mortgage notes payable on the properties of $292,870. The Company used the cash proceeds from the sale to pay down its line of credit and for general corporate purposes. Upon completion of the sale of the ownership interest, the Company no longer has a controlling interest in the joint venture due to the substantive participation rights of the outside partner. Accordingly, the Company accounts for its investment in the MAC Heitman Portfolio under the equity method of accounting.
On March 1, 2016, the Company, through a 50/50 joint venture, acquired Country Club Plaza, a 1,001,000 square foot regional shopping center in Kansas City, Missouri, for a purchase price of $660,000. The Company funded its pro rata share of the purchase price of $330,000 from borrowings under its line of credit. On March 28, 2016, the joint venture placed a $320,000 loan on the property that bears interest at an effective rate of 3.88% and matures on April 1, 2026. The Company used its pro rata share of the proceeds to pay down its line of credit and for general corporate purposes.
On March 17, 2017, the Company's joint venture in Country Club Plaza sold an office building for $78,000, resulting in a gain on sale of assets of $4,580. The Company's pro rata share of the gain on sale of assets of $2,290 was included in equity in income of unconsolidated joint ventures. The Company used its share of the proceeds to fund repurchases under the 2017 Stock Buyback Program (See Note 13—Stockholders' Equity).
On September 18, 2017, the Company's joint venture in Fashion District Philadelphia sold an office building for $61,500, resulting in a gain on sale of assets of $13,078. The Company's pro rata share of the gain on sale of assets of $6,539 was included in equity in income of unconsolidated joint ventures. The Company used its share of the proceeds to fund repurchases under the 2017 Stock Buyback Program (See Note 13—Stockholders' Equity).
On December 14, 2017, the Company’s joint venture in Westcor/Queens Creek LLC sold land for $30,491, resulting in a gain on sale of assets of $14,853. The Company’s share of the gain on sale was $5,436, which was included in equity in income of unconsolidated joint ventures. The Company used its portion of the proceeds to pay down its line of credit and for general corporate purposes.
Combined and condensed balance sheets and statements of operations are presented below for all unconsolidated joint ventures.
Combined and Condensed Balance Sheets of Unconsolidated Joint Ventures as of December 31:

 
2017
 
2016
Assets(1):
 
 
 
Property, net
$
9,052,105

 
$
9,176,642

Other assets
635,838

 
614,607

Total assets
$
9,687,943

 
$
9,791,249

Liabilities and partners' capital(1):
 
 
 
Mortgage and other notes payable(2)
$
5,296,594

 
$
5,224,713

Other liabilities
405,052

 
403,369

Company's capital
2,188,057

 
2,279,819

Outside partners' capital
1,798,240

 
1,883,348

Total liabilities and partners' capital
$
9,687,943

 
$
9,791,249

Investment in unconsolidated joint ventures:
 
 
 
Company's capital
$
2,188,057

 
$
2,279,819

Basis adjustment(3)
(562,021
)
 
(584,887
)
 
$
1,626,036

 
$
1,694,932

 
 
 
 
Assets—Investments in unconsolidated joint ventures
$
1,709,522

 
$
1,773,558

Liabilities—Distributions in excess of investments in unconsolidated joint ventures
(83,486
)
 
(78,626
)
 
$
1,626,036

 
$
1,694,932

_______________________________________________________________________________

(1)
These amounts include the assets of $3,106,105 and $3,179,255 of the PPR Portfolio as of December 31, 2017 and 2016, respectively, and liabilities of $1,872,227 and $1,887,952 of the PPR Portfolio as of December 31, 2017 and 2016, respectively.

(2)
Included in mortgage and other notes payable are amounts due to affiliates of Northwestern Mutual Life ("NML") of $482,332 and $265,863 as of December 31, 2017 and 2016, respectively. NML is considered a related party because it is a joint venture partner with the Company in Macerich Northwestern Associates—Broadway Plaza. Interest expense incurred on these borrowings amounted to $17,898, $16,898 and $29,372 for the years ended December 31, 2017, 2016 and 2015, respectively.

(3)
The Company amortizes the difference between the cost of its investments in unconsolidated joint ventures and the book value of the underlying equity into income on a straight-line basis consistent with the lives of the underlying assets. The amortization of this difference was $16,562, $17,610 and $5,619 for the years ended December 31, 2017, 2016 and 2015, respectively.
Combined and Condensed Statements of Operations of Unconsolidated Joint Ventures:
 
 
 
PPR Portfolio
 
Other
Joint
Ventures
 
Total
Year Ended December 31, 2017
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
Minimum rents
 
 
$
134,450

 
$
501,732

 
$
636,182

Percentage rents
 
 
5,050

 
13,866

 
18,916

Tenant recoveries
 
 
46,575

 
189,059

 
235,634

Other
 
 
5,959

 
51,767

 
57,726

Total revenues
 
 
192,034

 
756,424

 
948,458

Expenses:
 
 
 
 
 
 
 
Shopping center and operating expenses
 
 
41,340

 
243,271

 
284,611

Interest expense
 
 
67,053

 
131,714

 
198,767

Depreciation and amortization
 
 
101,625

 
250,921

 
352,546

Total operating expenses
 
 
210,018

 
625,906

 
835,924

(Loss) gain on sale of assets
 
 
(36
)
 
33,861

 
33,825

Net (loss) income
 
 
$
(18,020
)
 
$
164,379

 
$
146,359

Company's equity in net (loss) income
 
 
$
(453
)
 
$
85,999

 
$
85,546

 
 
 
 
 
 
 
 
Year Ended December 31, 2016
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
Minimum rents
 
 
$
129,145

 
$
471,139

 
$
600,284

Percentage rents
 
 
5,437

 
15,480

 
20,917

Tenant recoveries
 
 
47,856

 
187,288

 
235,144

Other
 
 
6,303

 
49,937

 
56,240

Total revenues
 
 
188,741

 
723,844

 
912,585

Expenses:
 
 
 
 
 
 
 
Shopping center and operating expenses
 
 
39,804

 
234,704

 
274,508

Interest expense
 
 
64,626

 
123,043

 
187,669

Depreciation and amortization
 
 
108,880

 
251,498

 
360,378

Total operating expenses
 
 
213,310

 
609,245

 
822,555

Loss on sale of assets
 
 
—

 
(375
)
 
(375
)
Net (loss) income
 
 
$
(24,569
)
 
$
114,224

 
$
89,655

Company's equity in net (loss) income
 
 
$
(3,088
)
 
$
60,029

 
$
56,941

 
 
 
 
 
 
 
 
 
 
 
PPR Portfolio(1)
 
Other
Joint
Ventures
 
Total
Year Ended December 31, 2015
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
Minimum rents
 
 
$
21,172

 
$
293,921

 
$
315,093

Percentage rents
 
 
2,569

 
13,188

 
15,757

Tenant recoveries
 
 
8,408

 
129,059

 
137,467

Other
 
 
1,182

 
33,931

 
35,113

Total revenues
 
 
33,331

 
470,099

 
503,430

Expenses:
 
 
 
 
 
 
 
Shopping center and operating expenses
 
 
6,852

 
165,795

 
172,647

Interest expense
 
 
10,448

 
78,279

 
88,727

Depreciation and amortization
 
 
16,919

 
133,707

 
150,626

Total operating expenses
 
 
34,219

 
377,781

 
412,000

Gain on sale of assets
 
 
—

 
9,850

 
9,850

Loss on extinguishment of debt
 
 
—

 
(3
)
 
(3
)
Net (loss) income
 
 
$
(888
)
 
$
102,165

 
$
101,277

Company's equity in net income
 
 
$
1,409

 
$
43,755

 
$
45,164

 
 
 
 
 
 
 
 

_______________________________________________________________________________

(1)
These amounts exclude the results of operations from January 1, 2015 to October 29, 2015, as the PPR Portfolio was converted from Consolidated Centers to an Unconsolidated Joint Venture Centers effective October 30, 2015, as a result of the PPR Portfolio transaction as discussed above.
Significant accounting policies used by the unconsolidated joint ventures are similar to those used by the Company.
XML 29 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1
Derivative Instruments and Hedging Activities
 12 Months Ended
Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments and Hedging Activities
Derivative Instruments and Hedging Activities:
The Company recorded other comprehensive loss related to the marking-to-market of an interest rate cap agreement of $42 for the year ended December 31, 2017. There were no derivatives outstanding at December 31, 2016 or 2015.
        The following derivative was outstanding at December 31, 2017:
Property
 
Notional Amount
 
Product
 
LIBOR Rate
 
Maturity
 
Fair Value
Santa Monica Place
 
$
300,000

 
Cap
 
4.00
%
 
12/9/2019
 
$
11


        The above interest rate cap agreement was designated as a hedging instrument with a fair value of $11 that was included in deferred charges and other assets, net at December 31, 2017.
XML 30 R14.htm IDEA: XBRL DOCUMENT v3.8.0.1
Property, net
 12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
Property, net
Property, net:
Property at December 31, 2017 and 2016 consists of the following:
 
2017
 
2016
Land
$
1,567,152

 
$
1,607,590

Buildings and improvements
6,385,035

 
6,511,741

Tenant improvements
620,352

 
622,878

Equipment and furnishings
187,998

 
177,036

Construction in progress
366,996

 
289,966

 
9,127,533

 
9,209,211

Less accumulated depreciation
(2,018,303
)
 
(1,851,901
)
 
$
7,109,230

 
$
7,357,310



Depreciation expense for the years ended December 31, 2017, 2016 and 2015 was $277,917, $277,270 and $354,977, respectively.
The gain on sale or write down of assets, net for the year ended December 31, 2017 includes a gain of $59,577 on the sale of Cascade Mall and Northgate Mall (See Note 15—Dispositions), $14,597 on the sale of 500 North Michigan Avenue (See Note 15—Dispositions) and $1,564 on the sales of land. These gains were offset in part by a loss of $22,108 on impairment, $10,138 on the write down of an investment in non-real estate assets and $1,046 on the write off of development costs. The loss on impairment was due to the reduction of the estimated holding periods of Southridge Center and Promenade at Casa Grande.
The gain on sale or write down of assets, net for the year ended December 31, 2016 includes a gain of $101,629 on the sale of a 40% ownership interest in Arrowhead Towne Center (See Note 4—Investments in Unconsolidated Joint Ventures), $340,734 on the sale of a 49% ownership interest in the MAC Heitman Portfolio (See Note 4—Investments in Unconsolidated Joint Ventures), $24,894 on the sale of Capitola Mall (See Note 15—Dispositions) and $4,546 on the sale of land. These gains were offset in part by a loss of $39,671 on impairment, a charge of $12,180 from a contingent consideration obligation, a loss of $3,066 on the sale of a former Mervyn's store (See Note 15—Dispositions) and $1,538 on the write-off of development costs. The loss on impairment was due to the reduction of the estimated holding periods of Cascade Mall, Promenade at Casa Grande, The Marketplace at Flagstaff and a freestanding store.
The gain on sale or write down of assets, net for the year ended December 31, 2015 includes the gain of $311,194 on the sale of a 40% ownership interest in the PPR Portfolio (See Note 4—Investments in Unconsolidated Joint Ventures), $73,726 on the sale of Panorama Mall (See Note 15—Dispositions), $2,336 on the sale of assets and $1,807 on the sale of land offset in part by a loss of $9,963 on impairment and $852 on the write-off of development costs. The loss on impairment was due to the reduction of the estimated holding periods of Flagstaff Mall (See Note 15—Dispositions) and a freestanding store.
The following table summarizes certain of the Company's assets that were measured on a nonrecurring basis as a result of impairment charges recorded for the years ended December 31, 2017, 2016 and 2015 as described above:
Years ended December, 31
 
Total Fair Value Measurement
 
Quoted Prices in Active Markets for Identical Assets
 
Significant Other Observable Inputs
 
Significant Unobservable Inputs
 
 
(Level 1)
 
(Level 2)
 
(Level 3)
2017
 
$
38,000

 
$
—

 
$
38,000

 
$
—

2016
 
$
86,100

 
$
—

 
$
—

 
$
86,100

2015
 
$
49,700

 
$
—

 
$
6,200

 
$
43,500


The fair value relating to impairments that were based on sales contracts were classified within Level 2 of the fair value hierarchy. The fair value relating to impairment assessments that were not based on sales contracts were based on a discounted cash flow model that included all cash inflows and outflows over a specific holding period. Such projected cash flows are comprised of contractual rental revenues and forecasted rental revenues and expenses based upon market conditions and expectations for growth. Terminal capitalization rates and discount rates utilized in these models are based on a reasonable range of current market rates for each property analyzed. Based upon these inputs, the Company determined that its valuations of properties using a discounted cash flow model are classified within Level 3 of the fair value hierarchy.
The following table sets forth quantitative information about the unobservable inputs of the Company’s Level 3 real estate recorded as of December 31, 2016 and 2015:
Unobservable Inputs
 
2016
 
2015
Terminal capitalization rate
 
7.0% - 10.0%
 
9.0%
Discount rate
 
8.0% - 15.0%
 
9.5%
Market rents per square foot
 
$2.00 - $20.00
 
$5.00 - $150.00
XML 31 R15.htm IDEA: XBRL DOCUMENT v3.8.0.1
Tenant and Other Receivables, net
 12 Months Ended
Dec. 31, 2017
Loans and Leases Receivable Disclosure [Abstract]  
Tenant and Other Receivables, net
Tenant and Other Receivables, net:
Included in tenant and other receivables, net is an allowance for doubtful accounts of $2,786 and $1,991 at December 31, 2017 and 2016, respectively. Also included in tenant and other receivables, net are accrued percentage rents of $8,711 and $9,509 at December 31, 2017 and 2016, respectively, and a deferred rent receivable due to straight-line rent adjustments of $61,859 and $56,761 at December 31, 2017 and 2016, respectively.
On March 17, 2014, in connection with the sale of Lake Square Mall, a 559,000 square foot regional shopping center in Leesburg, Florida, the Company issued a note receivable for $6,500 that bore interest at an effective rate of 6.5% and was to mature on March 17, 2018 ("LSM Note A") and a note receivable for $3,103 that bore interest at 5.0% and was to mature on December 31, 2014 ("LSM Note B"). LSM Note A and LSM Note B were paid off on October 20, 2017 and September 2, 2014, respectively.
XML 32 R16.htm IDEA: XBRL DOCUMENT v3.8.0.1
Deferred Charges and Other Assets, net
 12 Months Ended
Dec. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Deferred Charges and Other Assets, net
Deferred Charges and Other Assets, net:
Deferred charges and other assets, net at December 31, 2017 and 2016 consist of the following:
 
2017
 
2016
Leasing
$
232,819

 
$
239,983

Intangible assets:
 
 
 
In-place lease values(1)
108,432

 
140,437

Leasing commissions and legal costs(1)
25,958

 
32,384

   Above-market leases
164,040

 
181,851

Deferred tax assets
29,006

 
38,301

Deferred compensation plan assets
52,221

 
42,711

Distributions in excess of co-venture obligation(2)
31,150

 
—

Other assets
66,990

 
72,206

 
710,616

 
747,873

Less accumulated amortization(3)
(261,426
)
 
(269,815
)
 
$
449,190

 
$
478,058

_______________________________


(1)
The amortization of these intangible assets for the next five years and thereafter is as follows:
Year Ending December 31,
 
2018
$
13,165

2019
11,115

2020
8,418

2021
6,866

2022
5,136

Thereafter
15,183

 
$
59,883



(2)
See Note 11—Co-Venture Arrangement.

(3)
Accumulated amortization includes $74,507 and $88,785 relating to in-place lease values, leasing commissions and legal costs at December 31, 2017 and 2016, respectively. Amortization expense for in-place lease values, leasing commissions and legal costs was $19,988, $33,048 and $69,460 for the years ended December 31, 2017, 2016 and 2015, respectively.
The allocated values of above-market leases and below-market leases consist of the following:
 
2017
 
2016
Above-Market Leases
 
 
 
Original allocated value
$
164,040

 
$
181,851

Less accumulated amortization
(60,210
)
 
(57,505
)
 
$
103,830

 
$
124,346

Below-Market Leases(1)
 
 
 
Original allocated value
$
120,573

 
$
144,713

Less accumulated amortization
(55,489
)
 
(58,400
)
 
$
65,084

 
$
86,313

_______________________________
(1)
Below‑market leases are included in other accrued liabilities.

The allocated values of above and below-market leases will be amortized into minimum rents on a straight-line basis over the individual remaining lease terms. The amortization of these values for the next five years and thereafter is as follows:
Year Ending December 31,
 
Above
Market
 
Below
Market
2018
 
$
11,109

 
$
11,657

2019
 
9,265

 
10,400

2020
 
8,088

 
8,016

2021
 
6,944

 
6,286

2022
 
5,370

 
5,201

Thereafter
 
63,054

 
23,524

 
 
$
103,830

 
$
65,084
XML 33 R17.htm IDEA: XBRL DOCUMENT v3.8.0.1
Mortgage Notes Payable
 12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Mortgage Notes Payable
Mortgage Notes Payable:
Mortgage notes payable at December 31, 2017 and 2016 consist of the following:
 
 
Carrying Amount of Mortgage Notes(1)
 
 
 
 
 
 
 
 
2017
 
2016
 
Effective Interest
Rate(2)
 
Monthly
Debt
Service(3)
 
Maturity
Date(4)
Property Pledged as Collateral
 
Related Party
 
Other
 
Related Party
 
Other
 
Chandler Fashion Center(5)
 
—

 
199,904

 
—

 
199,833

 
3.77
%
 
625

 
2019
Danbury Fair Mall
 
104,599

 
104,598

 
107,929

 
107,928

 
5.53
%
 
1,538

 
2020
Fashion Outlets of Chicago(6)
 
—

 
199,298

 
—

 
198,966

 
3.02
%
 
477

 
2020
Fashion Outlets of Niagara Falls USA
 
—

 
112,770

 
—

 
115,762

 
4.89
%
 
727

 
2020
Freehold Raceway Mall(5)(7)
 
—

 
398,050

 
—

 
220,643

 
3.94
%
 
1,300

 
2029
Fresno Fashion Fair
 
—

 
323,261

 
—

 
323,062

 
3.67
%
 
971

 
2026
Green Acres Commons(8)
 
—

 
107,219

 
—

 
—

 
4.07
%
 
322

 
2021
Green Acres Mall
 
—

 
291,366

 
—

 
297,798

 
3.61
%
 
1,447

 
2021
Kings Plaza Shopping Center
 
—

 
447,231

 
—

 
456,958

 
3.67
%
 
2,229

 
2019
Northgate Mall(9)
 
—

 
—

 
—

 
63,434

 


 


 

Oaks, The
 
—

 
196,732

 
—

 
201,235

 
4.14
%
 
1,064

 
2022
Pacific View
 
—

 
124,397

 
—

 
127,311

 
4.08
%
 
668

 
2022
Queens Center
 
—

 
600,000

 
—

 
600,000

 
3.49
%
 
1,744

 
2025
Santa Monica Place(10)
 
—

 
296,366

 
—

 
219,564

 
3.13
%
 
706

 
2022
SanTan Village Regional Center
 
—

 
124,703

 
—

 
127,724

 
3.14
%
 
589

 
2019
Stonewood Center(11)
 
—

 
—

 
—

 
99,520

 


 


 

Towne Mall
 
—

 
21,161

 
—

 
21,570

 
4.48
%
 
117

 
2022
Tucson La Encantada
 
66,970

 
—

 
68,513

 
—

 
4.23
%
 
368

 
2022
Victor Valley, Mall of
 
—

 
114,617

 
—

 
114,559

 
4.00
%
 
380

 
2024
Vintage Faire Mall
 
—

 
263,818

 
—

 
269,228

 
3.55
%
 
1,256

 
2026
Westside Pavilion
 
—

 
141,020

 
—

 
143,881

 
4.49
%
 
783

 
2022
 
 
$
171,569

 
$
4,066,511

 
$
176,442

 
$
3,908,976

 
 

 
 

 
 


(1)
The mortgage notes payable balances include the unamortized debt premiums. Debt premiums represent the excess of the fair value of debt over the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method.        
The debt premiums as of December 31, 2017 and 2016 consist of the following:
Property Pledged as Collateral
 
2017
 
2016
Fashion Outlets of Niagara Falls USA
 
$
2,630

 
$
3,558

Stonewood Center
 
—

 
2,349

 
 
$
2,630

 
$
5,907


The mortgage notes payable balances also include unamortized deferred finance costs that are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. Unamortized deferred finance costs were $17,838 and $12,716 at December 31, 2017 and 2016, respectively.
(2)
The interest rate disclosed represents the effective interest rate, including the debt premiums and deferred finance costs.
(3)
The monthly debt service represents the payment of principal and interest.
(4)
The maturity date assumes that all extension options are fully exercised and that the Company does not opt to refinance the debt prior to these dates. These extension options are at the Company's discretion, subject to certain conditions, which the Company believes will be met.
(5)
A 49.9% interest in the loan has been assumed by a third party in connection with a co-venture arrangement (See Note 11—Co-Venture Arrangement).
(6)
The loan bears interest at LIBOR plus 1.50% and matures on March 31, 2020. At December 31, 2017 and 2016, the total interest rate was 3.02% and 2.43%, respectively.
(7)
On October 19, 2017, the joint venture replaced the existing loan on the property with a new $400,000 loan that bears interest at an effective rate of 3.94% and matures on November 1, 2029.
(8)
On September 29, 2017, the Company placed a new $110,000 loan on the property that bears interest at LIBOR plus 2.15% and matures on March 29, 2021. The loan can be expanded, depending on certain conditions, up to $130,000. At December 31, 2017, the total interest rate was 4.07%.
(9)
On January 18, 2017, the loan was paid off in connection with sale of the underlying property (See Note 15—Dispositions).
(10)
On December 4, 2017, the Company replaced the existing loan on the property with a new $300,000 loan that bears interest at LIBOR plus 1.35% and matures on December 9, 2019 with three one-year extension options. The loan is covered by an interest rate cap agreement that effectively prevents LIBOR from exceeding 4.00% (See Note 5—Derivative Instruments and Hedging Activities). At December 31, 2017 the total interest rate was 3.13%.
(11)
On November 1, 2017, the Company paid off the loan on the property.
Most of the mortgage loan agreements contain a prepayment penalty provision for the early extinguishment of the debt.
As of December 31, 2017, all of the Company's mortgage notes payable are secured by the properties on which they are placed and are non-recourse to the Company.
Total interest expense capitalized during the years ended December 31, 2017, 2016 and 2015 was $13,160, $10,316 and $13,052, respectively.
Related party mortgage notes payable are amounts due to affiliates of NML. See Note 18—Related Party Transactions for interest expense associated with loans from NML.
The estimated fair value (Level 2 measurement) of mortgage notes payable at December 31, 2017 and 2016 was $4,250,816 and $4,126,819, respectively, based on current interest rates for comparable loans. Fair value was determined using a present value model and an interest rate that included a credit value adjustment based on the estimated value of the property that serves as collateral for the underlying debt.
The future maturities of mortgage notes payable are as follows:
Year Ending December 31,
 
2018
$
49,800

2019
796,591

2020
528,456

2021
401,733

2022
802,552

Thereafter
1,674,156

 
4,253,288

Debt premium
2,630

Deferred finance cost, net
(17,838
)
 
$
4,238,080


The future maturities reflected above reflect the extension options that the Company believes will be exercised.
XML 34 R18.htm IDEA: XBRL DOCUMENT v3.8.0.1
Bank and Other Notes Payable
 12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Bank and Other Notes Payable
Bank and Other Notes Payable:
Bank and other notes payable at December 31, 2017 and 2016 consist of the following:
Line of Credit:
The Company has a $1,500,000 revolving line of credit that bears interest at LIBOR plus a spread of 1.30% to 1.90%, depending on the Company's overall leverage level, and matures on July 6, 2020 with a one-year extension option. The line of credit can be expanded, depending on certain conditions, up to a total facility of $2,000,000.
Based on the Company's leverage level as of December 31, 2017, the borrowing rate on the facility was LIBOR plus 1.45%. As of December 31, 2017 and 2016, borrowings under the line of credit, were $935,000 and $885,000, respectively, less unamortized deferred finance costs of $7,548 and $10,039, respectively, at a total interest rate of 3.13% and 2.40%, respectively. The estimated fair value (Level 2 measurement) of the line of credit at December 31, 2017 and 2016 was $919,158 and $865,921, respectively, based on a present value model using a credit interest rate spread offered to the Company for comparable debt.
Term Loan:
On December 8, 2011, the Company obtained a $125,000 unsecured term loan under the line of credit that bore interest at LIBOR plus a spread of 1.95% to 3.20%, depending on the Company's overall leverage level, and was to mature on December 8, 2018. On October 23, 2015, the Company paid off the term loan, which resulted in a loss of $578 on the early extinguishment of debt.
Prasada Note:
On March 29, 2013, the Company issued a $13,330 note payable that bears interest at 5.25% and matures on May 30, 2021. The note payable is collateralized by a portion of a development reimbursement agreement with the City of Surprise, Arizona. At December 31, 2017 and 2016, the note had a balance of $4,732 and $5,521, respectively. The estimated fair value (Level 2 measurement) of the note at December 31, 2017 and 2016 was $4,717 and $5,786, respectively, based on current interest rates for comparable notes. Fair value was determined using a present value model and an interest rate that included a credit value adjustment based on the estimated value of the collateral for the underlying debt.
As of December 31, 2017 and 2016, the Company was in compliance with all applicable financial loan covenants.
The future maturities of bank and other notes payable are as follows:
Year Ending December 31,
 
2018
$
830

2019
875

2020
922

2021
937,105

 
939,732

Deferred finance cost
(7,548
)
 
$
932,184



The future maturities reflected above reflect the extension options that the Company believes will be exercised.
XML 35 R19.htm IDEA: XBRL DOCUMENT v3.8.0.1
Co-Venture Arrangement
 12 Months Ended
Dec. 31, 2017
Co-Venture Arrangement [Abstract]  
Co-Venture Arrangement
Co-Venture Arrangement:
On September 30, 2009, the Company formed a joint venture, whereby a third party acquired a 49.9% interest in Freehold Raceway Mall, a 1,671,000 square foot regional shopping center in Freehold, New Jersey, and Chandler Fashion Center, a 1,318,000 square foot regional shopping center in Chandler, Arizona.
As a result of the Company having certain rights under the agreement to repurchase the assets after the seventh year of the venture formation, the transaction did not qualify for sale treatment. The Company, however, is not obligated to repurchase the assets. The transaction has been accounted for as a profit-sharing arrangement, and accordingly the assets, liabilities and operations of the properties remain on the books of the Company and a co-venture obligation was established for the amount of $168,154, representing the net cash proceeds received from the third party less costs allocated to the warrant. The co-venture obligation was increased for the allocation of income to the co-venture partner and decreased for distributions to the co-venture partner. On October 19, 2017, the joint venture replaced the existing loan on Freehold Raceway Mall with a new $400,000 loan. The subsequent distribution of a share of the net proceeds from the refinancing to the outside partner exceeded the co-venture obligation.
At December 31, 2017 and 2016, the Company had the following asset and liability related to the co-venture arrangement:
 
2017
 
2016
Asset—Distributions in excess of co-venture obligation(1)
$
31,150

 
$
—

Liability—Co-venture obligation
$
—

 
$
58,973

_______________________________________________________________________________
(1)
See Note 8—Deferred Charges and Other Assets, net
XML 36 R20.htm IDEA: XBRL DOCUMENT v3.8.0.1
Noncontrolling Interests
 12 Months Ended
Dec. 31, 2017
Noncontrolling Interest [Abstract]  
Noncontrolling Interests
Noncontrolling Interests:
The Company allocates net income of the Operating Partnership based on the weighted-average ownership interest during the period. The net income of the Operating Partnership that is not attributable to the Company is reflected in the consolidated statements of operations as noncontrolling interests. The Company adjusts the noncontrolling interests in the Operating Partnership periodically to reflect its ownership interest in the Company. The Company had a 93% ownership interest in the Operating Partnership as of December 31, 2017 and 2016. The remaining 7% limited partnership interest as of December 31, 2017 and 2016, was owned by certain of the Company's executive officers and directors, certain of their affiliates, and other third party investors in the form of OP Units. The OP Units may be redeemed for shares of registered or unregistered stock or cash, at the Company's option. The redemption value for each OP Unit as of any balance sheet date is the amount equal to the average of the closing price per share of the Company's common stock, par value $0.01 per share, as reported on the New York Stock Exchange for the ten trading days ending on the respective balance sheet date. Accordingly, as of December 31, 2017 and 2016, the aggregate redemption value of the then-outstanding OP Units not owned by the Company was $671,592 and $733,141, respectively.
The Company issued common and cumulative preferred units of MACWH, LP in April 2005 in connection with the acquisition of the Wilmorite portfolio. The common and preferred units of MACWH, LP are redeemable at the election of the holder, the Company may redeem them for cash or shares of the Company's stock at the Company's option, and they are classified as permanent equity.
Included in permanent equity are outside ownership interests in various consolidated joint ventures. The joint ventures do not have rights that require the Company to redeem the ownership interests in either cash or stock.
XML 37 R21.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stockholders' Equity
 12 Months Ended
Dec. 31, 2017
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
Stockholders' Equity:
2015 Stock Buyback Program:
On September 30, 2015, the Company's Board of Directors authorized the repurchase of up to $1,200,000 of the Company's outstanding common shares over the period ending September 30, 2017, as market conditions warranted.
On November 12, 2015, the Company entered into an accelerated share repurchase program ("ASR") to repurchase $400,000 of the Company's common stock. In accordance with the ASR, the Company made a prepayment of $400,000 and received an initial share delivery of 4,140,788 shares. On January 19, 2016, the ASR was completed and the Company received delivery of an additional 970,609 shares. The average price of the 5,111,397 shares repurchased under the ASR was $78.26 per share. The ASR was funded from proceeds in connection with the financing and sale of the ownership interest in the PPR Portfolio (See Note 4—Investments in Unconsolidated Joint Ventures).
On February 17, 2016, the Company entered into an ASR to repurchase an additional $400,000 of the Company's common stock. In accordance with the ASR, the Company made a prepayment of $400,000 and received an initial share delivery of 4,222,193 shares. On April 19, 2016, the ASR was completed and the Company received delivery of an additional 861,235 shares. The average price of the 5,083,428 shares repurchased under the ASR was $78.69 per share. The ASR was funded from borrowings under the Company's line of credit, which had been recently paid down from the proceeds from the financings and sale of ownership interests in Arrowhead Towne Center and the MAC Heitman Portfolio (See Note 4—Investments in Unconsolidated Joint Ventures).
On May 9, 2016, the Company entered into an ASR to repurchase the remaining $400,000 of the Company's common stock authorized for repurchase. In accordance with the ASR, the Company made a prepayment of $400,000 and received an initial share delivery of 3,964,812 shares. On July 11, 2016, the ASR was completed and the Company received delivery of an additional 1,104,162 shares. The average price of the 5,068,974 shares repurchased under the ASR was $78.91 per share. The ASR was funded from borrowings under the Company's line of credit, which had been recently paid down from the proceeds from the financings and sale of ownership interests in Arrowhead Towne Center and the MAC Heitman Portfolio (See Note 4—Investments in Unconsolidated Joint Ventures).
2017 Stock Buyback Program:
On February 12, 2017, the Company's Board of Directors authorized the repurchase of up to $500,000 of its outstanding common shares as market conditions and the Company’s liquidity warrant. Repurchases may be made through open market purchases, privately negotiated transactions, structured or derivative transactions, including ASR transactions, or other methods of acquiring shares and pursuant to Rule 10b5-1 of the Securities Act of 1934, from time to time as permitted by securities laws and other legal requirements.
During the period from February 12, 2017 to December 31, 2017, the Company repurchased a total of 3,627,390 of its common shares for $221,428, representing an average price of $61.01 per share. The Company funded the repurchases from the net proceeds of the sale of Cascade Mall and Northgate Mall (See Note 15—Dispositions), its share of the proceeds from the sale of office buildings at Country Club Plaza and Fashion District Philadelphia (See Note 4—Investments in Unconsolidated Joint Ventures) and from borrowings under its line of credit.
Special Dividends:
On October 30, 2015, the Company declared two special dividends/distributions ("Special Dividend"), each of $2.00 per share of common stock and per OP Unit. The first Special Dividend was paid on December 8, 2015 to stockholders and OP Unit holders of record on November 12, 2015. The second Special Dividend was paid on January 6, 2016 to common stockholders and OP Unit holders of record on November 12, 2015. The Special Dividends were funded from proceeds in connection with the financing and sale of ownership interests in the PPR Portfolio and Arrowhead Towne Center (See Note 4—Investments in Unconsolidated Joint Ventures).
At-The-Market Stock Offering Program ("ATM Program"):
On August 20, 2014, the Company entered into an equity distribution agreement with a number of sales agents (the "ATM Program") to issue and sell, from time to time, shares of common stock, par value $0.01 per share, having an aggregate offering price of up to $500,000. The ATM Program expired by its terms in August 2017. No shares were sold under the ATM Program.
XML 38 R22.htm IDEA: XBRL DOCUMENT v3.8.0.1
Acquisitions
 12 Months Ended
Dec. 31, 2017
Business Combinations [Abstract]  
Acquisitions
Acquisitions:
Fashion Outlets of Chicago:
On October 31, 2014, the Company purchased the outside ownership interest in its consolidated joint venture in Fashion Outlets of Chicago, for $69,987. The purchase agreement included contingent consideration based on the financial performance of Fashion Outlets of Chicago. On August 19, 2016, the Company paid $23,800 in full settlement of the contingent consideration obligation.
Inland Center:
On February 17, 2015, the Company acquired the remaining 50% ownership interest in Inland Center that it did not previously own for $51,250. The purchase price was funded by a cash payment of $26,250 and the assumption of the third party's share of the mortgage note payable on the property of $25,000. Prior to the acquisition, the Company had accounted for its investment in Inland Center under the equity method of accounting (See Note 4—Investments in Unconsolidated Joint Ventures). As a result of this transaction, the Company obtained 100% ownership of Inland Center. The acquisition was completed in order to obtain 100% ownership and control over this asset.
The following is a summary of the allocation of the fair value of Inland Center:
Property
$
91,871

Deferred charges
9,752

Other assets
5,782

Total assets acquired
107,405

Mortgage note payable
50,000

Other accrued liabilities
4,905

Total liabilities assumed
54,905

Fair value of acquired net assets (at 100% ownership)
$
52,500


The Company determined that the purchase price represented the fair value of the additional ownership interest in Inland Center that was acquired.
Fair value of existing ownership interest (at 50% ownership)
$
26,250

Carrying value of investment
(4,161
)
Gain on remeasurement of assets
$
22,089


The following is the reconciliation of the purchase price to the fair value of the acquired net assets:
Purchase price
$
51,250

Less debt assumed
(25,000
)
Carrying value of investment
4,161

Gain on remeasurement of assets
22,089

Fair value of acquired net assets (at 100% ownership)
$
52,500


From the date of acquisition, the Company has included Inland Center in its consolidated financial statements.
XML 39 R23.htm IDEA: XBRL DOCUMENT v3.8.0.1
Dispositions
 12 Months Ended
Dec. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]  
Dispositions
Dispositions:
On June 30, 2015, the Company conveyed Great Northern Mall, an 895,000 square foot regional shopping center in Clay, New York, to the mortgage lender by a deed-in-lieu of foreclosure and was discharged from the mortgage note payable. The loan was nonrecourse to the Company. As a result, the Company recognized a loss on the extinguishment of debt of $1,627.
On November 19, 2015, the Company sold Panorama Mall, a 312,000 square foot community center in Panorama City, California, for $98,000, resulting in a gain on the sale of assets of $73,726. The Company used the proceeds from the sale to pay down its line of credit and for general corporate purposes.
On April 13, 2016, the Company sold Capitola Mall, a 586,000 square foot regional shopping center in Capitola, California, for $93,000, resulting in a gain on the sale of assets of $24,894. The Company used the proceeds from the sale to pay down its line of credit and for general corporate purposes.
On May 31, 2016, the Company sold a former Mervyn's store in Yuma, Arizona, for $3,200, resulting in a loss on the sale of assets of $3,066. The Company used the proceeds from the sale to pay down its line of credit and for general corporate purposes.
On July 15, 2016, the Company conveyed Flagstaff Mall, a 347,000 square foot regional shopping center in Flagstaff, Arizona, to the mortgage lender by a deed-in-lieu of foreclosure and was discharged from the mortgage note payable. The loan was non-recourse to the Company. As a result, the Company recognized a gain on the extinguishment of debt of $5,284.
On January 18, 2017, the Company sold Cascade Mall, a 589,000 square foot regional shopping center in Burlington, Washington; and Northgate Mall, a 750,000 square foot regional shopping center in San Rafael, California, in a combined transaction for $170,000, resulting in a gain on the sale of assets of $59,577. The proceeds were used to pay off the mortgage note payable on Northgate Mall and to repurchase shares of the Company's common stock under the 2017 Stock Buyback Program (See Note 13—Stockholders' Equity).
On November 16, 2017, the Company sold 500 North Michigan Avenue, a 326,000 square foot office building in Chicago, Illinois for $86,350, resulting in a gain on sale of assets of $14,597. The Company used the proceeds from the sale to pay down its line of credit and for other general corporate purposes.
XML 40 R24.htm IDEA: XBRL DOCUMENT v3.8.0.1
Future Rental Revenues
 12 Months Ended
Dec. 31, 2017
Leases [Abstract]  
Future Rental Revenues
Future Rental Revenues:
Under existing non-cancelable operating lease agreements, tenants are committed to pay the following minimum rental payments to the Company:
Year Ending December 31,
 
2018
$
508,750

2019
432,248

2020
386,803

2021
332,080

2022
283,600

Thereafter
850,735

 
$
2,794,216
XML 41 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
Commitments and Contingencies:
The Company has certain properties subject to non-cancelable operating leases. The leases expire at various times through 2098, subject in some cases to options to extend the terms of the lease. Certain leases provide for contingent rent payments based on a percentage of base rental income, as defined in the lease. Lease rent expenses were $18,499, $16,495 and $17,938 for the years ended December 31, 2017, 2016 and 2015, respectively. No contingent rent was incurred for the years ended December 31, 2017, 2016 or 2015.
Minimum future rental payments required under the leases are as follows:
Year Ending December 31,
 
2018
$
10,461

2019
9,334

2020
9,351

2021
8,999

2022
9,021

Thereafter
208,184

 
$
255,350



As of December 31, 2017, the Company was contingently liable for $60,588 in letters of credit guaranteeing performance by the Company of certain obligations relating to the Centers. The Company does not believe that these letters of credit will result in a liability to the Company.
The Company has entered into a number of construction agreements related to its redevelopment and development activities. Obligations under these agreements are contingent upon the completion of the services within the guidelines specified in the relevant agreement. At December 31, 2017, the Company had $40,121 in outstanding obligations, which it believes will be settled in the next twelve months.
XML 42 R26.htm IDEA: XBRL DOCUMENT v3.8.0.1
Related Party Transactions
 12 Months Ended
Dec. 31, 2017
Related Party Transactions [Abstract]  
Related Party Transactions
Related Party Transactions:
Certain unconsolidated joint ventures have engaged the Management Companies to manage the operations of the Centers. Under these arrangements, the Management Companies are reimbursed for compensation paid to on-site employees, leasing agents and project managers at the Centers, as well as insurance costs and other administrative expenses. The following are fees charged to unconsolidated joint ventures for the years ended December 31:
 
2017
 
2016
 
2015
Management fees
$
19,105

 
$
17,937

 
$
10,064

Development and leasing fees
15,558

 
13,907

 
9,615

 
$
34,663

 
$
31,844

 
$
19,679



Certain mortgage notes on the properties are held by NML (See Note 9—Mortgage Notes Payable). Interest expense in connection with these notes was $8,731, $8,973 and $10,515 for the years ended December 31, 2017, 2016 and 2015, respectively. Included in accounts payable and accrued expenses is interest payable to this related party of $716 and $736 at December 31, 2017 and 2016, respectively.
Due from (to) affiliates includes $5,411 and $(6,809) of unreimbursed (prepaid) costs and fees due from (to) unconsolidated joint ventures under management agreements at December 31, 2017 and 2016, respectively.
In addition, due from affiliates at December 31, 2017 and 2016 includes a note receivable from RED/303 LLC ("RED") that bears interest at 5.25% and matures on May 30, 2021. Interest income earned on this note was $268, $366 and $520 for the years ended December 31, 2017, 2016 and 2015, respectively. The balance on this note receivable was $4,796 and $5,593 at December 31, 2017 and 2016, respectively. RED is considered a related party because it is a partner in a joint venture development project. The note is collateralized by RED's interest in a development agreement.
Also included in due from affiliates is a note receivable from Lennar Corporation that bears interest at LIBOR plus 2% and matures upon the completion of certain milestones in connection with the development of Fashion Outlets of San Francisco. Interest income earned on this note was $2,513, $2,234 and $1,872 for the years ended December 31, 2017, 2016 and 2015, respectively. The balance on this note was $71,955 and $69,443 at December 31, 2017 and 2016, respectively. Lennar Corporation is considered a related party because it has an ownership interest in Fashion Outlets of San Francisco.
XML 43 R27.htm IDEA: XBRL DOCUMENT v3.8.0.1
Share and Unit-based Plans
 12 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Share and Unit-based Plans
Share and Unit-based Plans:
The Company has established share and unit-based compensation plans for the purpose of attracting and retaining executive officers, directors and key employees.
2003 Equity Incentive Plan:
The 2003 Equity Incentive Plan ("2003 Plan") authorizes the grant of stock awards, stock options, stock appreciation rights, stock units, stock bonuses, performance-based awards, dividend equivalent rights and OP Units or other convertible or exchangeable units. As of December 31, 2017, stock awards, stock units, LTIP Units (as defined below), stock appreciation rights ("SARs") and stock options have been granted under the 2003 Plan. All stock options or other rights to acquire common stock granted under the 2003 Plan have a term of 10 years or less. These awards were generally granted based on the performance of the Company and the employees. None of the awards have performance requirements other than a service condition of continued employment unless otherwise provided. All awards are subject to restrictions determined by the Company's compensation committee. The aggregate number of shares of common stock that may be issued under the 2003 Plan is 19,825,428 shares. As of December 31, 2017, there were 6,176,479 shares available for issuance under the 2003 Plan.
Stock Awards:
The value of the stock awards was determined by the market price of the Company's common stock on the date of the grant. The following table summarizes the activity of non-vested stock awards during the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
 
Shares
 
Weighted
Average
Grant Date
Fair Value
 
Shares
 
Weighted
Average
Grant Date
Fair Value
 
Shares
 
Weighted
Average
Grant Date
Fair Value
Balance at beginning of year
—

 
$
—

 
1,612

 
$
62.01

 
9,189

 
$
59.25

Granted
—

 
—

 
—

 
—

 
—

 
—

Vested
—

 
—

 
(1,612
)
 
62.01

 
(7,577
)
 
58.67

Balance at end of year
—

 
$
—

 
—

 
$
—

 
1,612

 
$
62.01



Stock Units:
The stock units represent the right to receive upon vesting one share of the Company's common stock for one stock unit. The value of the stock units was determined by the market price of the Company's common stock on the date of the grant. The following table summarizes the activity of non-vested stock units during the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
 
Units
 
Weighted
Average
Grant Date
Fair Value
 
Units
 
Weighted
Average
Grant Date
Fair Value
 
Units
 
Weighted
Average
Grant Date
Fair Value
Balance at beginning of year
148,428

 
$
78.53

 
132,086

 
$
74.58

 
144,374

 
$
59.94

Granted
86,827

 
66.46

 
85,601

 
79.22

 
77,282

 
86.53

Vested
(81,205
)
 
75.62

 
(69,259
)
 
71.82

 
(86,761
)
 
61.29

Forfeited
(2,695
)
 
69.57

 
—

 
—

 
(2,809
)
 
86.72

Balance at end of year
151,355

 
$
73.32

 
148,428

 
$
78.53

 
132,086

 
$
74.58



SARs:
The executives and key employees have up to 10 years from the grant date to exercise the SARs. Upon exercise, the executives and key employees will receive unrestricted common shares for the appreciation in value of the SARs from the grant date to the exercise date.
The Company determined the value of each SAR awarded during the year ended December 31, 2012 to be $9.67 using the Black‑Scholes Option Pricing Model based upon the following assumptions: volatility of 25.85%, dividend yield of 3.69%, risk free rate of 1.20%, current value of $59.57 and an expected term of 8 years. The value of each of the other outstanding SARs was determined at the grant date to be $7.68 based upon the following assumptions: volatility of 22.52%, dividend yield of 5.23%, risk free rate of 3.15%, current value of $61.17 and an expected term of 8 years. The assumptions for volatility and dividend yield were based on the Company's historical experience as a publicly traded company, the current value was based on the closing price on the date of grant and the risk free rate was based upon the interest rate of the 10-year Treasury bond on the date of grant.
In connection with the payment of the Special Dividend (See Note 13—Stockholders' Equity), the compensation committee approved an adjustment to all outstanding SARs. The exercise price and number of outstanding SARs were adjusted such that each SAR had the same fair value to the holder before and after giving effect to the payment of the special dividend. As a result, the 407,823 outstanding SARs on December 8, 2015 with a weighted-average price of $56.49 were adjusted to 417,783 outstanding SARs with a weighted average price of $55.13 and the 417,783 outstanding SARs on January 6, 2016 with a weighted-average price of $55.13 were adjusted to 427,968 outstanding SARs with a weighted average price of $53.85.
The following table summarizes the activity of SARs awards during the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
 
Units
 
Weighted
Average
Exercise
Price
 
Units
 
Weighted
Average
Exercise
Price
 
Units
 
Weighted
Average
Exercise
Price
Balance at beginning of year
284,146

 
$
53.85

 
417,783

 
$
55.13

 
772,639

 
$
56.67

Granted
—

 
—

 
—

 
—

 
—

 
—

Exercised
(48,707
)
 
53.95

 
(143,822
)
 
53.73

 
(364,807
)
 
56.86

Special dividend adjustment
—

 
—

 
10,185

 
53.88

 
9,951

 
55.13

Balance at end of year
235,439

 
$
53.83

 
284,146

 
$
53.85

 
417,783

 
$
55.13


Long-Term Incentive Plan Units:
Under the Long-Term Incentive Plan ("LTIP"), each award recipient is issued a form of operating partnership units ("LTIP Units") in the Operating Partnership. Upon the occurrence of specified events and subject to the satisfaction of applicable vesting conditions, LTIP Units (after conversion into OP Units) are ultimately redeemable for common stock of the Company, or cash at the Company's option, on a one-unit for one-share basis. LTIP Units receive cash dividends based on the dividend amount paid on the common stock of the Company. The LTIP may include both market-indexed awards and service-based awards.
The market-indexed LTIP Units vest over the service period of the award based on the percentile ranking of the Company in terms of total return to stockholders (the "Total Return") per common stock share relative to the Total Return of a group of peer REITs, as measured at the end of the measurement period.
The fair value of the service-based LTIP Units was determined by the market price of the Company's common stock on the date of the grant. The fair value of the market-indexed LTIP Units are estimated on the date of grant using a Monte Carlo Simulation model. The stock price of the Company, along with the stock prices of the group of peer REITs (for market-indexed awards), is assumed to follow the Multivariate Geometric Brownian Motion Process. Multivariate Geometric Brownian Motion is a common assumption when modeling in financial markets, as it allows the modeled quantity (in this case, the stock price) to vary randomly from its current value and take any value greater than zero. The volatilities of the returns on the share price of the Company and the peer group REITs were estimated based on a look-back period. The expected growth rate of the stock prices over the "derived service period" is determined with consideration of the risk free rate as of the grant date.
On January 1, 2015, the Company granted 49,451 LTIP Units with a grant date fair value of $83.41 per LTIP Unit that vested in equal annual installments over a service period that ended December 31, 2017. Concurrently, the Company granted 186,450 market-indexed LTIP Units ("2015 Market LTIP Units") at a grant date fair value of $66.37 per LTIP Unit that vested over a service period ending December 31, 2015. The 2015 Market LTIP Units were equally divided between two types of awards. The terms of both types of awards were the same, except one award has an additional 3% absolute Total Return requirement, which if it is not met, then such LTIP Units would not have vested. The grant date fair value of the 2015 Market LTIP Units assumed a risk free interest rate of 0.25% and an expected volatility of 16.81%. On January 7, 2016, the compensation committee determined that the 2015 Market LTIP Units had vested at a 130% level, based on the Company's percentile ranking in terms of Total Return per common stock share compared to the Total Return of a group of peer REITs during the period of January 1, 2015 to December 31, 2015. In addition, the compensation committee determined that the applicable 3% absolute Total Return requirement was exceeded. As a result, an additional 55,934 fully-vested LTIP Units were granted on December 31, 2015.
On March 6, 2015, the Company granted 132,607 LTIP Units at a fair value of $86.72 per LTIP Unit that were fully vested on the grant date.
On January 1, 2016, the Company granted 58,786 LTIP Units with a grant date fair value of $80.69 per LTIP Unit that will vest in equal annual installments over a service period ending December 31, 2018. Concurrently, the Company granted 266,899 market-indexed LTIP Units ("2016 Market LTIP Units") at a grant date fair value of $53.32 per LTIP Unit that vest over a service period ending December 31, 2018. The fair value of the 2016 Market LTIP Units was estimated on the date of grant using a Monte Carlo Simulation model that assumed a risk free interest rate of 1.32% and an expected volatility of 20.31%.
On March 4, 2016, the Company granted 154,686 LTIP Units at a fair value of $79.20 per LTIP Unit that were fully vested on the grant date.
On January 1, 2017, the Company granted 66,079 LTIP Units with a grant date fair value of $70.84 per LTIP Unit that will vest in equal annual installments over a service period ending December 31, 2019. Concurrently, the Company granted 297,849 market-indexed LTIP Units ("2017 Market LTIP Units") at a grant date fair value of $47.15 per LTIP Unit that will vest over a service period ending December 31, 2019. The fair value of the 2017 Market LTIP Units was estimated on the date of grant using a Monte Carlo Simulation model that assumed a risk free interest rate of 1.49% and an expected volatility of 20.75%.
On March 3, 2017, the Company granted 134,742 LTIP Units at a fair value of $66.57 per LTIP Unit that were fully vested on the grant date.
On June 1, 2017, the Company granted 1,522 LTIP Units with a grant date fair value of $58.31 per LTIP Unit that will vest in equal annual installments over a service period ending May 29, 2020. Concurrently, the Company granted 6,714 market-indexed LTIP Units at a grant date fair value of $39.66 per LTIP Unit that will vest over a service period ending May 29, 2020. The fair value of the market-indexed LTIP Units was estimated on the date of grant using a Monte Carlo Simulation model that assumed a risk free interest rate of 1.45% and an expected volatility of 21.40%.
The following table summarizes the activity of the non-vested LTIP Units during the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
 
Units
 
Weighted
Average
Grant Date
Fair Value
 
Units
 
Weighted
Average
Grant Date
Fair Value
 
Units
 
Weighted
Average
Grant Date
Fair Value
Balance at beginning of year
322,572

 
$
58.18

 
56,315

 
$
73.24

 
46,695

 
$
58.89

Granted
506,906

 
55.33

 
480,371

 
65.00

 
424,442

 
74.71

Vested
(192,846
)
 
69.93

 
(214,114
)
 
77.45

 
(414,822
)
 
73.13

Forfeited
—

 
—

 
—

 
—

 
—

 


Balance at end of year
636,632

 
$
52.36

 
322,572

 
$
58.18

 
56,315

 
$
73.24



Stock Options:
The Company measured the value of each option awarded during the year ended December 31, 2012 to be $9.67 using the Black-Scholes Option Pricing Model based upon the following assumptions: volatility of 25.85%, dividend yield of 3.69%, risk free rate of 1.20%, current value of $59.57 and an expected term of 8 years. The assumptions for volatility and dividend yield were based on the Company's historical experience as a publicly traded company, the current value was based on the closing price on the date of grant and the risk free rate was based upon the interest rate of the 10-year Treasury bond on the date of grant.
In connection with the payment of the Special Dividend (See Note 13—Stockholders' Equity), the compensation committee approved an adjustment to all outstanding stock options. The exercise price and number of outstanding stock options were adjusted such that each stock option had the same fair value to the holder before and after giving effect to the payment of the Special Dividend. As a result, the 10,068 outstanding stock options on December 8, 2015 with a weighted-average price of $59.57 were adjusted to 10,314 outstanding stock options with a weighted average price of $58.15 and the 10,314 outstanding stock options on January 6, 2016 with a weighted-average price of $58.15 were adjusted to 10,565 outstanding stock options with a weighted average price of $56.77.
On May 30, 2017, the Company granted 25,000 non-qualified stock options with a grant date fair value of $10.02 that will vest on May 30, 2019. The Company measured the value of each option awarded using the Black-Scholes Option Pricing Model based upon the following assumptions: volatility of 30.19%, dividend yield of 4.93%, risk free rate of 2.08%, current value of $57.55 and an expected term of 8 years.
The following table summarizes the activity of stock options for the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
 
Options
 
Weighted
Average
Exercise
Price
 
Options
 
Weighted
Average
Exercise
Price
 
Options
 
Weighted
Average
Exercise
Price
Balance at beginning of year
10,565

 
$
56.77

 
10,314

 
$
58.15

 
10,068

 
$
59.57

Granted
25,000

 
57.55

 
—

 
—

 
—

 
—

Exercised
—

 
—

 
—

 
—

 
—

 
—

Special dividend adjustment
—

 
—

 
251

 
56.77

 
246

 
58.15

Balance at end of year
35,565

 
$
57.32

 
10,565

 
$
56.77

 
10,314

 
$
58.15



Directors' Phantom Stock Plan:
The Directors' Phantom Stock Plan offers non-employee members of the board of directors ("Directors") the opportunity to defer their cash compensation and to receive that compensation in common stock rather than in cash after termination of service or a predetermined period. Compensation generally includes the annual retainers payable by the Company to the Directors. Deferred amounts are generally credited as units of phantom stock at the beginning of each three-year deferral period by dividing the present value of the deferred compensation by the average fair market value of the Company's common stock at the date of award. Compensation expense related to the phantom stock awards was determined by the amortization of the value of the stock units on a straight-line basis over the applicable service period. The stock units (including dividend equivalents) vest as the Directors' services (to which the fees relate) are rendered. Vested phantom stock units are ultimately paid out in common stock on a one-unit for one-share basis. To the extent elected by a Director, stock units receive dividend equivalents in the form of additional stock units based on the dividend amount paid on the common stock. The aggregate number of phantom stock units that may be granted under the Directors' Phantom Stock Plan is 500,000. As of December 31, 2017, there were 169,755 stock units available for grant under the Directors' Phantom Stock Plan.
The following table summarizes the activity of the non-vested phantom stock units for the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
 
Stock Units
 
Weighted
Average
Grant Date
Fair Value
 
Stock Units
 
Weighted
Average
Grant Date
Fair Value
 
Stock Units
 
Weighted
Average
Grant Date
Fair Value
Balance at beginning of year
5,845

 
$
81.47

 
—

 
$
—

 
9,269

 
$
58.35

Granted
8,760

 
68.93

 
21,088

 
80.21

 
13,351

 
78.72

Vested
(10,551
)
 
71.69

 
(15,243
)
 
79.73

 
(20,162
)
 
72.17

Forfeited
—

 
—

 
—

 
—

 
(2,458
)
 
55.62

Balance at end of year
4,054

 
$
79.82

 
5,845

 
$
81.47

 
—

 
$
—



Employee Stock Purchase Plan ("ESPP"):
The ESPP authorizes eligible employees to purchase the Company's common stock through voluntary payroll deductions made during periodic offering periods. Under the ESPP common stock is purchased at a 15% discount from the lesser of the fair value of common stock at the beginning and end of the offering period. A maximum of 750,000 shares of common stock is available for purchase under the ESPP. The number of shares available for future purchase under the plan at December 31, 2017 was 450,306.
Compensation:
The following summarizes the compensation cost under the share and unit-based plans for the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
Stock awards
$
—

 
$
20

 
$
252

Stock units
6,045

 
6,305

 
6,041

LTIP units
30,161

 
32,957

 
26,622

Stock options
85

 
16

 
16

Phantom stock units
714

 
1,231

 
1,444

 
$
37,005

 
$
40,529

 
$
34,375



The Company capitalized share and unit-based compensation costs of $6,206, $7,241 and $6,008 for the years ended December 31, 2017, 2016 and 2015, respectively.
The fair value of the stock awards and stock units that vested during the years ended December 31, 2017, 2016 and 2015 was $5,257, $5,644 and $8,794, respectively. Unrecognized compensation costs of share and unit-based plans at December 31, 2017 consisted of $286 from LTIP Units, $3,239 from stock units, $176 from stock options and $324 from phantom stock units.
XML 44 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
Employee Benefit Plans
 12 Months Ended
Dec. 31, 2017
Retirement Benefits [Abstract]  
Employee Benefit Plans
Employee Benefit Plans:
401(k) Plan:
The Company has a defined contribution retirement plan that covers its eligible employees (the "Plan"). The Plan is a defined contribution retirement plan covering eligible employees of the Macerich Property Management Company, LLC and participating affiliates. The Plan is qualified in accordance with section 401(a) of the Code. Effective January 1, 1995, the Plan was amended to constitute a qualified cash or deferred arrangement under section 401(k) of the Code, whereby employees can elect to defer compensation subject to Internal Revenue Service withholding rules. This Plan was further amended effective as of February 1, 1999 to add The Macerich Company Common Stock Fund as a new investment alternative under the Plan. A total of 150,000 shares of common stock were reserved for issuance under the Plan, which was subsequently increased by an additional 500,000 shares in February 2013. On January 1, 2004, the Plan adopted the "Safe Harbor" provision under Sections 401(k)(12) and 401(m)(11) of the Code. In accordance with adopting these provisions, the Company makes matching contributions equal to 100 percent of the first three percent of compensation deferred by a participant and 50 percent of the next two percent of compensation deferred by a participant. During the years ended December 31, 2017, 2016 and 2015, these matching contributions made by the Company were $3,481, $3,384 and $3,299, respectively. Contributions and matching contributions to the Plan by the plan sponsor and/or participating affiliates are recognized as an expense of the Company in the period that they are made.
Deferred Compensation Plans:
The Company has established deferred compensation plans under which executives and key employees of the Company may elect to defer receiving a portion of their cash compensation otherwise payable in one calendar year until a later year. The Company may, as determined by the Board of Directors in its sole discretion prior to the beginning of the plan year, credit a participant's account with a matching amount equal to a percentage of the participant's deferral. The Company contributed $1,069, $1,032 and $933 to the plans during the years ended December 31, 2017, 2016 and 2015, respectively. Contributions are recognized as compensation in the periods they are made.
XML 45 R29.htm IDEA: XBRL DOCUMENT v3.8.0.1
Income Taxes
 12 Months Ended
Dec. 31, 2017
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes:
For income tax purposes, distributions paid to common stockholders consist of ordinary income, capital gains, unrecaptured Section 1250 gain and return of capital or a combination thereof. The following table details the components of the distributions, on a per share basis, for the years ended December 31, 2017, 2016 and 2015 are as follows:
 
2017
 
2016 (1)
 
2015 (1)
Ordinary income
$
1.98

 
69.0
%
 
$
0.94

 
20.8
%
 
$
1.20

 
24.8
%
Capital gains
0.51

 
17.8
%
 
3.24

 
71.4
%
 
3.64

 
75.2
%
Unrecaptured Section 1250 gain
0.38

 
13.2
%
 
0.36

 
7.8
%
 
—

 
—
%
Return of capital
—

 
—
%
 
—

 
—
%
 
—

 
—
%
Dividends paid
$
2.87

 
100.0
%
 
$
4.54

 
100.0
%
 
$
4.84

 
100.0
%


_______________________________________________________________________________

(1)
During the year ended December 31, 2015, the Company paid cash dividends of $4.63 per common share. In addition, the Company declared a $2.00 special cash dividend to shareholders of record as of November 12, 2015 which was paid on January 6, 2016 (See Note 13—Stockholders' Equity). Pursuant to relevant U.S. tax rules, $0.21 per common share of this dividend is treated as having been paid by the Company on December 31, 2015, and received by each shareholder of record as of November 12, 2015 on December 31, 2015. The balance of the special cash dividend has been included in the amount of dividends paid for the year ended December 31, 2016.
The Company has made Taxable REIT Subsidiary elections for all of its corporate subsidiaries other than its Qualified REIT Subsidiaries. The elections, effective for the year beginning January 1, 2001 and future years, were made pursuant to Section 856(l) of the Code.
The income tax provision of the TRSs for the years ended December 31, 2017, 2016 and 2015 are as follows:
 
2017
 
2016
 
2015
Current
$
185

 
$
(176
)
 
$
—

Deferred
(15,779
)
 
(546
)
 
3,223

Income tax (expense) benefit
$
(15,594
)
 
$
(722
)
 
$
3,223



The income tax provision of the TRSs for the years ended December 31, 2017, 2016 and 2015 are reconciled to the amount computed by applying the Federal Corporate tax rate as follows:
 
2017
 
2016
 
2015
Book loss for TRSs
$
2,094

 
$
5,254

 
$
10,681

Tax at statutory rate on earnings from continuing operations before income taxes
$
712

 
$
1,786

 
$
3,632

Change in tax rates
(14,189
)
 
—

 
—

State taxes
109

 
160

 
420

Other
(2,226
)
 
(2,668
)
 
(829
)
Income tax (expense) benefit
$
(15,594
)
 
$
(722
)
 
$
3,223



The Tax Cuts and Jobs Act of 2017 (“TCJA”), signed into law on December 22, 2017, adjusted the federal corporate tax income rate to 21%.  FASB Accounting Standards Codification Topic 740 requires deferred tax assets and liabilities to be measured at the enacted rate expected to apply when temporary differences are to be realized or settled. Accordingly, the Company has remeasured its ending deferred tax asset and reduced the value by $14,189. Additionally, GAAP requires that all adjustments resulting from tax rate changes be recorded to the income statement. Therefore, the Company recorded a $14,189 deferred tax expense in the fourth quarter related to the revaluation of its deferred tax assets and liabilities.  
The net operating loss carryforwards are currently scheduled to expire through 2035, beginning in 2025.
The tax effects of temporary differences and carryforwards of the TRSs included in the net deferred tax assets at December 31, 2017 and 2016 are summarized as follows:
 
2017
 
2016
Net operating loss carryforwards
$
21,398

 
$
22,335

Property, primarily differences in depreciation and amortization, the tax basis of land assets and treatment of certain other costs
5,077

 
12,720

Other
2,531

 
3,246

Net deferred tax assets
$
29,006

 
$
38,301


For the years ended December 31, 2017, 2016 and 2015 there were no unrecognized tax benefits.
The tax years 2014 through 2016 remain open to examination by the taxing jurisdictions to which the Company is subject. The Company does not expect that the total amount of unrecognized tax benefit will materially change within the next 12 months.
XML 46 R30.htm IDEA: XBRL DOCUMENT v3.8.0.1
Quarterly Financial Data
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited):
The following is a summary of quarterly results of operations for the years ended December 31, 2017 and 2016:
 
2017 Quarter Ended
 
2016 Quarter Ended
 
Dec 31
 
Sep 30
 
Jun 30
 
Mar 31
 
Dec 31
 
Sep 30
 
Jun 30
 
Mar 31
Revenues
$
256,743

 
$
242,451

 
$
247,423

 
$
247,045

 
$
272,000

 
$
253,367

 
$
259,904

 
$
256,000

Net income attributable to the Company(1)
$
32,751

 
$
17,498

 
$
26,638

 
$
69,243

 
$
37,128

 
$
13,730

 
$
45,222

 
$
420,915

Net income attributable to common stockholders per share-basic
$
0.23

 
$
0.12

 
$
0.19

 
$
0.48

 
$
0.26

 
$
0.09

 
$
0.31

 
$
2.77

Net income attributable to common stockholders per share-diluted
$
0.23

 
$
0.12

 
$
0.19

 
$
0.48

 
$
0.26

 
$
0.09

 
$
0.31

 
$
2.76

_____________________
(1)
Net income attributable to the Company for the quarter ended March 31, 2016 includes the gain on sale of assets of $101,629 from the Arrowhead Towne Center transaction (See Note 4—Investments in Unconsolidated Joint Ventures) and $340,734 from the MAC Heitman Portfolio transaction (See Note 4—Investments in Unconsolidated Joint Ventures).
XML 47 R31.htm IDEA: XBRL DOCUMENT v3.8.0.1
Subsequent Events
 12 Months Ended
Dec. 31, 2017
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events:
On January 22, 2018, the Company's joint venture in Fashion District Philadelphia obtained a $250,000 term loan that bears interest at LIBOR plus 2.0% and matures on January 22, 2023. Concurrent with the loan closing, the joint venture borrowed $150,000 on the term loan and expects to borrow the remaining $100,000 in the first quarter of 2018. The Company used its share of the proceeds to pay down its line of credit and for general corporate purposes.
On January 26, 2018, the Company announced a dividend/distribution of $0.74 per share for common stockholders and OP Unit holders of record on February 21, 2018. All dividends/distributions will be paid 100% in cash on March 2, 2018.
On February 5, 2018, the Company's joint venture in Broadway Plaza received a loan commitment for $450,000 on the property at a fixed rate of 4.18% for twelve years. The loan is expected to close in the first quarter of 2018. The Company plans to use its share of the loan proceeds to pay down its line of credit.
XML 48 R32.htm IDEA: XBRL DOCUMENT v3.8.0.1
Schedule III-Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2017
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]  
Schedule III-Real Estate and Accumulated Depreciation Disclosure
 
Initial Cost to Company
 
 
 
Gross Amount at Which Carried at Close of Period
 
 
 
 
Shopping Centers/Entities
Land
 
Building and
Improvements
 
Equipment
and
Furnishings
 
Cost Capitalized
Subsequent to
Acquisition
 
Land
 
Building and
Improvements
 
Equipment
and
Furnishings
 
Construction
in Progress
 
Total
 
Accumulated
Depreciation
 
Total Cost
Net of
Accumulated
Depreciation
Chandler Fashion Center
$
24,188

 
$
223,143

 
$
—

 
$
19,336

 
$
24,188

 
$
236,717

 
$
5,762

 
$
—

 
$
266,667

 
$
105,891

 
$
160,776

Danbury Fair Mall
130,367

 
316,951

 
—

 
114,644

 
142,751

 
409,658

 
9,257

 
296

 
561,962

 
143,969

 
417,993

Desert Sky Mall
9,447

 
37,245

 
12

 
4,598

 
9,082

 
40,886

 
1,334

 
—

 
51,302

 
10,315

 
40,987

Eastland Mall
22,050

 
151,605

 
—

 
11,855

 
22,066

 
160,977

 
2,199

 
268

 
185,510

 
28,798

 
156,712

Estrella Falls
10,550

 
—

 
—

 
71,512

 
10,747

 
14,254

 
—

 
57,061

 
82,062

 
1,181

 
80,881

Fashion Outlets of Chicago
—

 
—

 
—

 
262,936

 
40,575

 
217,945

 
4,131

 
285

 
262,936

 
45,946

 
216,990

Fashion Outlets of Niagara Falls USA
18,581

 
210,139

 
—

 
101,022

 
22,936

 
304,202

 
2,354

 
250

 
329,742

 
62,663

 
267,079

The Marketplace at Flagstaff
—

 
—

 
—

 
45,840

 
—

 
45,838

 
2

 
—

 
45,840

 
21,980

 
23,860

Freehold Raceway Mall
164,986

 
362,841

 
—

 
123,130

 
168,098

 
474,036

 
8,789

 
34

 
650,957

 
176,715

 
474,242

Fresno Fashion Fair
17,966

 
72,194

 
—

 
43,852

 
17,966

 
113,147

 
2,428

 
471

 
134,012

 
53,177

 
80,835

Green Acres Mall
156,640

 
321,034

 
—

 
177,943

 
179,274

 
464,133

 
9,264

 
2,946

 
655,617

 
81,986

 
573,631

Inland Center
8,321

 
83,550

 
—

 
25,509

 
10,291

 
106,983

 
61

 
45

 
117,380

 
12,618

 
104,762

Kings Plaza Shopping Center
209,041

 
485,548

 
20,000

 
171,964

 
195,701

 
466,529

 
28,137

 
196,186

 
886,553

 
75,113

 
811,440

La Cumbre Plaza
18,122

 
21,492

 
—

 
24,830

 
17,280

 
46,096

 
426

 
642

 
64,444

 
24,061

 
40,383

Macerich Management Co.
1,150

 
10,475

 
26,562

 
54,558

 
3,878

 
15,094

 
66,598

 
7,175

 
92,745

 
57,437

 
35,308

MACWH, LP
—

 
25,771

 
—

 
18,545

 
11,557

 
27,455

 
—

 
5,304

 
44,316

 
9,121

 
35,195

NorthPark Mall
7,746

 
74,661

 
—

 
10,266

 
7,885

 
84,284

 
504

 
—

 
92,673

 
17,512

 
75,161

Oaks, The
32,300

 
117,156

 
—

 
260,520

 
56,387

 
350,325

 
3,099

 
165

 
409,976

 
138,052

 
271,924

Pacific View
8,697

 
8,696

 
—

 
130,806

 
7,854

 
137,572

 
2,262

 
511

 
148,199

 
68,254

 
79,945

Paradise Valley Mall
33,445

 
128,485

 
—

 
36,472

 
39,382

 
155,485

 
2,606

 
929

 
198,402

 
74,731

 
123,671

Promenade at Casa Grande
15,089

 
—

 
—

 
50,736

 
3,900

 
61,849

 
76

 
—

 
65,825

 
39,735

 
26,090

Queens Center
251,474

 
1,039,922

 
—

 
32,254

 
256,786

 
1,063,912

 
2,478

 
474

 
1,323,650

 
88,343

 
1,235,307

Santa Monica Place
26,400

 
105,600

 
—

 
329,495

 
48,374

 
403,953

 
8,071

 
1,097

 
461,495

 
118,272

 
343,223

SanTan Adjacent Land
29,414

 
—

 
—

 
8,105

 
30,506

 
—

 
—

 
7,013

 
37,519

 
—

 
37,519

SanTan Village Regional Center
7,827

 
—

 
—

 
198,366

 
5,839

 
195,690

 
1,562

 
3,102

 
206,193

 
87,621

 
118,572

SouthPark Mall
7,035

 
38,215

 
—

 
25,600

 
7,479

 
62,511

 
415

 
445

 
70,850

 
12,497

 
58,353

Southridge Center
6,764

 
—

 
—

 
8,412

 
2,676

 
12,290

 
99

 
111

 
15,176

 
5,046

 
10,130

Stonewood Center
4,948

 
302,527

 
—

 
8,723

 
4,935

 
311,163

 
100

 
—

 
316,198

 
29,927

 
286,271

Superstition Springs Center
10,928

 
112,718

 
—

 
8,140

 
10,928

 
120,392

 
466

 
—

 
131,786

 
15,896

 
115,890

Superstition Springs Power Center
1,618

 
4,420

 
—

 
290

 
1,618

 
4,627

 
83

 
—

 
6,328

 
1,889

 
4,439

Tangerine (Marana), The Shops at
36,158

 
—

 
—

 
(8,462
)
 
16,922

 
—

 
—

 
10,774

 
27,696

 
—

 
27,696

See accompanying report of independent registered public accounting firm.
 
Initial Cost to Company
 
 
 
Gross Amount at Which Carried at Close of Period
 
 
 
 
Shopping Centers/Entities
Land
 
Building and
Improvements
 
Equipment
and
Furnishings
 
Cost Capitalized
Subsequent to
Acquisition
 
Land
 
Building and
Improvements
 
Equipment
and
Furnishings
 
Construction
in Progress
 
Total
 
Accumulated
Depreciation
 
Total Cost
Net of
Accumulated
Depreciation
The Macerich Partnership, L.P.
—

 
2,534

 
—

 
23,773

 
—

 
—

 
10,823

 
15,484

 
26,307

 
2,559

 
23,748

Towne Mall
6,652

 
31,184

 
—

 
4,870

 
6,877

 
35,221

 
518

 
90

 
42,706

 
15,066

 
27,640

Tucson La Encantada
12,800

 
19,699

 
—

 
56,549

 
12,800

 
75,618

 
597

 
33

 
89,048

 
42,637

 
46,411

Valley Mall
16,045

 
26,098

 
—

 
13,856

 
15,616

 
40,005

 
378

 
—

 
55,999

 
8,258

 
47,741

Valley River Center
24,854

 
147,715

 
—

 
23,592

 
24,854

 
168,840

 
1,954

 
513

 
196,161

 
60,194

 
135,967

Victor Valley, Mall of
15,700

 
75,230

 
—

 
53,028

 
20,080

 
121,774

 
2,104

 
—

 
143,958

 
49,257

 
94,701

Vintage Faire Mall
14,902

 
60,532

 
—

 
59,390

 
17,645

 
115,179

 
1,777

 
223

 
134,824

 
70,638

 
64,186

Westside Pavilion
34,100

 
136,819

 
—

 
77,198

 
34,100

 
201,512

 
5,820

 
6,685

 
248,117

 
106,511

 
141,606

Wilton Mall
19,743

 
67,855

 
—

 
26,762

 
19,810

 
93,407

 
1,143

 
—

 
114,360

 
36,604

 
77,756

Other freestanding stores
5,926

 
31,785

 
—

 
10,113

 
5,927

 
41,576

 
321

 
—

 
47,824

 
15,929

 
31,895

Other land and development properties
33,795

 
—

 
—

 
50,423

 
31,582

 
4,252

 
—

 
48,384

 
84,218

 
1,904

 
82,314

 
$
1,455,769

 
$
4,853,839

 
$
46,574

 
$
2,771,351

 
$
1,567,152

 
$
7,005,387

 
$
187,998

 
$
366,996

 
$
9,127,533

 
$
2,018,303

 
$
7,109,230

Depreciation of the Company's investment in buildings and improvements reflected in the consolidated statements of operations are calculated over the estimated useful lives of the asset as follows:

Buildings and improvements
5 - 40 years
Tenant improvements
5 - 7 years
Equipment and furnishings
5 - 7 years

The changes in total real estate assets for the three years ended December 31, 2017 are as follows:

 
2017
 
2016
 
2015
Balances, beginning of year
$
9,209,211

 
$
10,689,656

 
$
12,777,882

Additions
202,280

 
254,604

 
392,575

Dispositions and retirements
(283,958
)
 
(1,735,049
)
 
(2,480,801
)
Balances, end of year
$
9,127,533

 
$
9,209,211

 
$
10,689,656


   The aggregate cost of the property included in the table above for federal income tax purposes was $8,551,235 (unaudited) at December 31, 2017.

The changes in accumulated depreciation for the three years ended December 31, 2017 are as follows:

 
2017
 
2016
 
2015
Balances, beginning of year
$
1,851,901

 
$
1,892,744

 
$
1,709,992

Additions
277,917

 
277,270

 
354,977

Dispositions and retirements
(111,515
)
 
(318,113
)
 
(172,225
)
Balances, end of year
$
2,018,303

 
$
1,851,901

 
$
1,892,744



See accompanying report of independent registered public accounting firm.
XML 49 R33.htm IDEA: XBRL DOCUMENT v3.8.0.1
Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation:
These consolidated financial statements have been prepared in accordance with generally accepted accounting principles ("GAAP") in the United States of America.
The accompanying consolidated financial statements include the accounts of the Company. Investments in entities in which the Company has a controlling financial interest or entities that meet the definition of a variable interest entity ("VIE") in which the Company has, as a result of ownership, contractual or other financial interests, both the power to direct activities that most significantly impact the economic performance of the VIE and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE are consolidated; otherwise they are accounted for under the equity method of accounting and are reflected as investments in unconsolidated joint ventures.
Consolidation of VIE
The Company's sole significant asset is its investment in the Operating Partnership and as a result, substantially all of the Company's assets and liabilities represent the assets and liabilities of the Operating Partnership. In addition, the Operating Partnership has investments in a number of VIEs.
Cash and Cash Equivalents and Restricted Cash
Cash and Cash Equivalents and Restricted Cash:
The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents, for which cost approximates fair value. Restricted cash includes impounds of property taxes and other capital reserves required under loan agreements.
Revenues
Percentage rents are recognized and accrued when tenants' specified sales targets have been met.
Estimated recoveries from certain tenants for their pro rata share of real estate taxes, insurance and other shopping center operating expenses are recognized as revenues in the period the applicable expenses are incurred. Other tenants pay a fixed rate and these tenant recoveries are recognized as revenues on a straight-line basis over the term of the related leases.
The Management Companies provide property management, leasing, corporate, development, redevelopment and acquisition services to affiliated and non-affiliated shopping centers.
Revenues:
Minimum rental revenues are recognized on a straight-line basis over the terms of the related leases. The difference between the amount of rent due in a year and the amount recorded as rental income is referred to as the "straight-line rent adjustment."
Property
Property:
Maintenance and repair expenses are charged to operations as incurred. Costs for major replacements and betterments, which includes HVAC equipment, roofs, parking lots, etc., are capitalized and depreciated over their estimated useful lives. Gains and losses are recognized upon disposal or retirement of the related assets and are reflected in earnings.
Property is recorded at cost and is depreciated using a straight-line method over the estimated useful lives of the assets as follows:
Buildings and improvements
5 - 40 years
Tenant improvements
5 - 7 years
Equipment and furnishings
5 - 7 years
Capitalization of Costs
Capitalization of Costs:
The Company capitalizes costs incurred in redevelopment, development, renovation and improvement of properties. The capitalized costs include pre-construction costs essential to the development of the property, development costs, construction costs, interest costs, real estate taxes, salaries and related costs and other costs incurred during the period of development. These capitalized costs include direct and certain indirect costs clearly associated with the project. Indirect costs include real estate taxes, insurance and certain shared administrative costs. In assessing the amounts of direct and indirect costs to be capitalized, allocations are made to projects based on estimates of the actual amount of time spent on each activity. Indirect costs not clearly associated with specific projects are expensed as period costs. Capitalized indirect costs are allocated to development and redevelopment activities based on the square footage of the portion of the building not held available for immediate occupancy. If costs and activities incurred to ready the vacant space cease, then cost capitalization is also discontinued until such activities are resumed. Once work has been completed on a vacant space, project costs are no longer capitalized. For projects with extended lease-up periods, the Company ends the capitalization when significant activities have ceased, which does not exceed the shorter of a one-year period after the completion of the building shell or when the construction is substantially complete.
Investment in Unconsolidated Joint Ventures
Investment in Unconsolidated Joint Ventures:
The Company accounts for its investments in joint ventures using the equity method of accounting unless the Company has a controlling financial interest in the joint venture or the joint venture meets the definition of a variable interest entity in which the Company is the primary beneficiary through both its power to direct activities that most significantly impact the economic performance of the variable interest entity and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the variable interest entity. Although the Company has a greater than 50% interest in Candlestick Center LLC, Corte Madera Village, LLC, Macerich HHF Centers LLC, New River Associates LLC and Pacific Premier Retail LLC, the Company does not have controlling financial interests in these joint ventures due to the substantive participation rights of the outside partners in these joint ventures and, therefore, accounts for its investments in these joint ventures using the equity method of accounting.
Equity method investments are initially recorded on the balance sheet at cost and are subsequently adjusted to reflect the Company’s proportionate share of net earnings and losses, distributions received, additional contributions and certain other adjustments, as appropriate. The Company separately reports investments in joint ventures when accumulated distributions have exceeded the Company’s investment, as distributions in excess of investments in unconsolidated joint ventures. The net investment of certain joint ventures is less than zero because of financing or operating distributions that are usually greater than net income, as net income includes charges for depreciation and amortization.
Acquisitions
Acquisitions:
The Company allocates the estimated fair value of acquisitions to land, building, tenant improvements and identified intangible assets and liabilities, based on their estimated fair values. In addition, any assumed mortgage notes payable are recorded at their estimated fair values. The estimated fair value of the land and buildings is determined utilizing an “as if vacant” methodology. Tenant improvements represent the tangible assets associated with the existing leases valued on a fair value basis at the acquisition date prorated over the remaining lease terms. The tenant improvements are classified as an asset under property and are depreciated over the remaining lease terms. Identifiable intangible assets and liabilities relate to the value of in-place operating leases which come in three forms: (i) leasing commissions and legal costs, which represent the value associated with “cost avoidance” of acquiring in-place leases, such as lease commissions paid under terms generally experienced in the Company's markets; (ii) value of in-place leases, which represents the estimated loss of revenue and of costs incurred for the period required to lease the “assumed vacant” property to the occupancy level when purchased; and (iii) above or below-market value of in-place leases, which represents the difference between the contractual rents and market rents at the time of the acquisition, discounted for tenant credit risks. Leasing commissions and legal costs are recorded in deferred charges and other assets and are amortized over the remaining lease terms. The value of in-place leases are recorded in deferred charges and other assets and amortized over the remaining lease terms plus any below-market fixed rate renewal options. Above or below-market leases are classified in deferred charges and other assets or in other accrued liabilities, depending on whether the contractual terms are above or below-market, and the asset or liability is amortized to minimum rents over the remaining terms of the leases. The remaining lease terms of below-market leases may include certain below-market fixed-rate renewal periods. In considering whether or not a lessee will execute a below-market fixed-rate lease renewal option, the Company evaluates economic factors and certain qualitative factors at the time of acquisition such as tenant mix in the Center, the Company's relationship with the tenant and the availability of competing tenant space. The initial allocation of purchase price is based on management's preliminary assessment, which may change when final information becomes available. Subsequent adjustments made to the initial purchase price allocation are made within the allocation period, which does not exceed one year. The purchase price allocation is described as preliminary if it is not yet final. The use of different assumptions in the allocation of the purchase price of the acquired assets and liabilities assumed could affect the timing of recognition of the related revenues and expenses.
The Company immediately expenses costs associated with business combinations as period costs.
Remeasurement gains are recognized when the Company obtains control of an existing equity method investment to the extent that the fair value of the existing equity investment exceeds the carrying value of the investment.
Deferred Charges
Deferred Charges:
Costs relating to obtaining tenant leases are deferred and amortized over the initial term of the lease agreement using the straight-line method. As these deferred leasing costs represent productive assets incurred in connection with the Company's leasing arrangements at the Centers, the related cash flows are classified as investing activities within the accompanying Consolidated Statements of Cash Flows. Costs relating to financing of shopping center properties are deferred and amortized over the life of the related loan using the straight-line method, which approximates the effective interest method.
The range of the terms of the agreements is as follows:
Deferred lease costs
1 - 15 years
Deferred financing costs
1 - 15 years
Accounting for Impairment
Accounting for Impairment:
The Company assesses whether an indicator of impairment in the value of its properties exists by considering expected future operating income, trends and prospects, as well as the effects of demand, competition and other economic factors. Such factors include projected rental revenue, operating costs and capital expenditures as well as estimated holding periods and capitalization rates. If an impairment indicator exists, the determination of recoverability is made based upon the estimated undiscounted future net cash flows, excluding interest expense. The amount of impairment loss, if any, is determined by comparing the fair value, as determined by a discounted cash flows analysis, with the carrying value of the related assets. The Company generally holds and operates its properties long-term, which decreases the likelihood of their carrying values not being recoverable. Properties classified as held for sale are measured at the lower of the carrying amount or fair value less cost to sell.
The Company reviews its investments in unconsolidated joint ventures for a series of operating losses and other factors that may indicate that a decrease in the value of its investments has occurred which is other-than-temporary. The investment in each unconsolidated joint venture is evaluated periodically, and as deemed necessary, for recoverability and valuation declines that are other-than-temporary.
Share and Unit-based Compensation Plans
Share and Unit-based Compensation Plans:
The cost of share and unit-based compensation awards is measured at the grant date based on the calculated fair value of the awards and is recognized on a straight-line basis over the requisite service period, which is generally the vesting period of the awards. For market-indexed LTIP awards, compensation cost is recognized under the graded attribution method.
Derivative Instruments and Hedging Activities
Derivative Instruments and Hedging Activities:
The Company recognizes all derivatives in the consolidated financial statements and measures the derivatives at fair value. The Company uses interest rate swap and cap agreements (collectively, "interest rate agreements") in the normal course of business to manage or reduce its exposure to adverse fluctuations in interest rates. The Company designs its hedges to be effective in reducing the risk exposure that they are designated to hedge. Any instrument that meets the cash flow hedging criteria is formally designated as a cash flow hedge at the inception of the derivative contract. On an ongoing quarterly basis, the Company adjusts its balance sheet to reflect the current fair value of its derivatives. To the extent they are effective, changes in fair value are recorded in comprehensive income. Ineffective portions, if any, are included in net income (loss).
Amounts paid (received) as a result of interest rate agreements are recorded as an addition (reduction) to (of) interest expense.
If any derivative instrument used for risk management does not meet the hedging criteria, it is marked-to-market each period with the change in value included in the consolidated statements of operations.
Income Taxes
Income Taxes:
The Company elected to be taxed as a REIT under the Code commencing with its taxable year ended December 31, 1994. To qualify as a REIT, the Company must meet a number of organizational and operational requirements, including a requirement that it distribute at least 90% of its taxable income to its stockholders. It is management's current intention to adhere to these requirements and maintain the Company's REIT status. As a REIT, the Company generally will not be subject to corporate level federal income tax on taxable income it distributes currently to its stockholders. If the Company fails to qualify as a REIT in any taxable year, then it will be subject to federal income taxes at regular corporate rates (including any applicable alternative minimum tax) and may not be able to qualify as a REIT for four subsequent taxable years. Even if the Company qualifies for taxation as a REIT, the Company may be subject to certain state and local taxes on its income and property and to federal income and excise taxes on its undistributed taxable income, if any.
Each partner is taxed individually on its share of partnership income or loss, and accordingly, no provision for federal and state income tax is provided for the Operating Partnership in the consolidated financial statements. The Company's taxable REIT subsidiaries ("TRSs") are subject to corporate level income taxes, which are provided for in the Company's consolidated financial statements.
Deferred tax assets and liabilities are recognized for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The deferred tax assets and liabilities of the TRSs relate primarily to differences in the book and tax bases of property and to operating loss carryforwards for federal and state income tax purposes. A valuation allowance for deferred tax assets is provided if the Company believes it is more likely than not that all or some portion of the deferred tax assets will not be realized. Realization of deferred tax assets is dependent on the Company generating sufficient taxable income in future periods.
Segment Information
Segment Information:
The Company currently operates in one business segment, the acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers. Additionally, the Company operates in one geographic area, the United States.
Fair Value of Financial Instruments
Fair Value of Financial Instruments:
The fair value hierarchy distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity and the reporting entity's own assumptions about market participant assumptions.
Level 1 inputs utilize quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs may include quoted prices for similar assets and liabilities in active markets, as well as inputs that are observable for the asset or liability (other than quoted prices), such as interest rates, foreign exchange rates and yield curves that are observable at commonly quoted intervals. Level 3 inputs are unobservable inputs for the asset or liability, which are typically based on an entity's own assumptions, as there is little, if any, related market activity. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability.
The Company calculates the fair value of financial instruments and includes this additional information in the notes to consolidated financial statements when the fair value is different than the carrying value of those financial instruments. When the fair value reasonably approximates the carrying value, no additional disclosure is made.
Fair Value of Financial Instruments:(Continued)
The fair values of interest rate agreements are determined using the market standard methodology of discounting the future expected cash receipts that would occur if variable interest rates fell below or rose above the strike rate of the interest rate agreements. The variable interest rates used in the calculation of projected receipts on the interest rate agreements are based on an expectation of future interest rates derived from observable market interest rate curves and volatilities. The Company incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the respective counterparty's nonperformance risk in the fair value measurements. In adjusting the fair value of its derivative contracts for the effect of nonperformance risk, the Company has considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts and guarantees.
Concentration of Risk
Concentration of Risk:
The Company maintains its cash accounts in a number of commercial banks. Accounts at these banks are guaranteed by the Federal Deposit Insurance Corporation ("FDIC") up to $250.
Management Estimates
Management Estimates:
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Recent Accounting Pronouncements
Recent Accounting Pronouncements:
In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") 2014-09, “Revenue From Contracts With Customers,” which outlines a comprehensive model for entities to use in accounting for revenue arising from contracts with customers. The standard states that “an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.” While the standard specifically references contracts with customers, it may apply to certain other transactions such as the sale of real estate or equipment. The standard will initially apply to the Company's recognition of management companies and other revenues. This standard will not apply to the Company's recognition of tenant recoveries until January 1, 2019, when it adopts ASU 2016-02, "Leases (Topic 842)", as discussed below. The Company's adoption of ASU 2014-09 on January 1, 2018 did not have a significant impact on the pattern of revenue recognition for management companies and other revenues.
Additionally, under ASU 2014-09, the Company will account for its joint venture in Chandler Fashion Center and Freehold Raceway Mall (See Note 11—Co-Venture Arrangement) as a financing arrangement. The financing arrangement liability is required to be recorded at fair value upon adoption and any subsequent changes in fair value recognized as interest expense in the Company's consolidated statements of operations. The Company's adoption of this standard effective January 1, 2018 is expected to result in the replacement of its $31,150 distributions in excess of co-venture obligation (See Note 8—Deferred Charges and Other Assets, net) with a financing arrangement liability estimated to be $393,700 on its consolidated balance sheets. This will result in the recognition of an estimated $424,850 increase in the Company’s accumulated deficit as a cumulative effect adjustment under the modified retrospective method of adoption. The financing arrangement liability and cumulative effect adjustment are provisional and are still being evaluated by management. Such amounts are subject to change and will be finalized on the Company’s consolidated financial statements for the three months ended March 31, 2018.   
Recent Accounting Pronouncements: (Continued)
In February 2016, the FASB issued ASU 2016-02, which sets out principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e. lessees and lessors). The standard requires that lessors expense, on an as-incurred basis, certain initial direct costs that are not incremental in negotiating a lease. Under existing standards, certain of these costs are capitalizable and therefore this new standard may result in certain of these costs being expensed as incurred after adoption. Additionally, under the standard, certain common area maintenance recoveries must be accounted for as a non-lease component.
Under ASU 2016-02, lessees apply a dual approach, classifying leases as either finance or operating leases. A lessee is required to record a right-of-use asset and a lease liability for all leases with a term of greater than twelve months, regardless of their lease classification. The Company is a lessee on ground leases at certain properties, on certain office space leases and on certain other improvements and equipment. The standard will impact the accounting and disclosure requirements for these leases. The standard is effective for the Company under a modified retrospective approach beginning January 1, 2019. The Company is evaluating the impact of the adoption of this standard on its consolidated financial statements.
In November 2017, the FASB decided to proceed with issuing a final accounting standards update on the new leasing standard, which would provide additional practical expedients that can be elected upon adoption of ASU 2016-02 on January 1, 2019. The FASB issued an exposure draft on January 5, 2018 that includes a practical expedient that would allow lessors, as an accounting policy election by class of underlying asset, to not bifurcate non-lease components from the related lease components if certain conditions are met, and a practical expedient that would enable a cumulative effect transition option in which a company would not have to adjust their comparative period financial statements for the effects of the new standard. The Company plans on utilizing the practical expedients provided by ASU 2016-02 and the final accounting standards update and will continue to monitor and review updates as they are provided by the FASB.
In March 2016, the FASB issued ASU 2016-09, "Compensation-Stock Compensation (Topic 718)," which amended the accounting for share-based payments, including the income tax consequences, classification of awards and classification on the statement of cash flows. The Company's adoption of this standard on January 1, 2017 under the modified retrospective method resulted in the recognition of excess tax benefits of $6,484 as a cumulative effect adjustment, which reduced its accumulated deficit and increased its deferred tax assets by the same amount.
In August 2016, the FASB issued ASU 2016-15, "Statement of Cash flows (Topic 230)," which amended the accounting for the statement of cash flows by providing guidance on how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The Company's adoption of this standard on January 1, 2017 resulted in the reclassification of $12,028 and $14,579 of debt extinguishment costs from operating activities to financing activities on its consolidated statements of cash flows for the year ended December 31, 2016 and 2015, respectively.
On November 17, 2016, the FASB issued ASU 2016-18, “Restricted Cash,” which requires that the statement of cash flows explain the change during a reporting period in the total of cash, cash equivalents, and amounts generally described as restricted cash and restricted cash equivalents. This standard states that transfers between cash, cash equivalents, and restricted cash are not part of the entity’s operating, investing, and financing activities. Therefore, restricted cash should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The Company's adoption of this standard on January 1, 2018 did not have a significant impact on its consolidated statements of cash flows.
On January 5, 2017, the FASB issued ASU 2017-01, “Business Combinations,” which clarifies the definition of a business. The objective of the standard is to add further guidance that assists entities in evaluating whether a transaction will be accounted for as an acquisition of an asset or a business. The guidance requires an entity to evaluate if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets. If so, the set of transferred assets and activities are not a business and should be treated as an asset acquisition. The guidance also requires a business to include at least one substantive process and narrows the definition of outputs. The primary difference between business combinations and asset acquisitions is the recognition of transaction costs, which are expensed as period costs for business combinations and capitalized for asset acquisitions. The Company's adoption of this standard on January 1, 2018 did not have a significant impact on its consolidated financial statements.
Recent Accounting Pronouncements: (Continued)
In February 2017, the FASB issued ASU No. 2017-05, “Other Income-Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets,” which clarifies the scope of asset derecognition and adds further guidance for recognizing gains and losses from the transfer of nonfinancial assets in contracts with non-customers. The Company's adoption of this standard on January 1, 2018 did not have a significant impact on its consolidated financial statements.
In August 2017, the FASB issued ASU 2017-12, “Targeted Improvements to Accounting for Hedging Activities,” which aims to (i) improve the transparency and understandability of information conveyed to financial statement users about an entity’s risk management activities by better aligning the entity’s financial reporting for hedging relationships with those risk management activities and (ii) reduce the complexity of and simplify the application of hedge accounting by preparers. The standard is effective for the Company beginning January 1, 2019, with early adoption permitted. The Company is evaluating the impact of the adoption of this standard on its consolidated financial statements.
XML 50 R34.htm IDEA: XBRL DOCUMENT v3.8.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Schedule Operating Partnership's VIEs
The Operating Partnership's VIEs included the following assets and liabilities:
 
December 31,
 
2017
 
2016
Assets:
 
 
 
Property, net
$
288,881

 
$
307,582

Other assets
60,586

 
68,863

Total assets
$
349,467

 
$
376,445

Liabilities:
 
 
 
Mortgage notes payable
$
129,436

 
$
133,245

Other liabilities
72,705

 
75,913

Total liabilities
$
202,141

 
$
209,158
Schedule of Estimated Useful Lives of Property
Property is recorded at cost and is depreciated using a straight-line method over the estimated useful lives of the assets as follows:
Buildings and improvements
5 - 40 years
Tenant improvements
5 - 7 years
Equipment and furnishings
5 - 7 years
Schedule of Range of the Terms of Loan and Lease Agreements
The range of the terms of the agreements is as follows:
Deferred lease costs
1 - 15 years
Deferred financing costs
1 - 15 years
XML 51 R35.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings Per Share ("EPS") (Tables)
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Reconciliation of Numerator and Denominator Used in Computation of Earnings Per Share
The following table reconciles the numerator and denominator used in the computation of earnings per share for the years ended December 31 (shares in thousands):
 
2017
 
2016
 
2015
Numerator
 
 
 
 
 
Net Income
$
161,673

 
$
554,839

 
$
522,912

Net income attributable to noncontrolling interests
(15,543
)
 
(37,844
)
 
(35,350
)
Net income attributable to the Company
146,130

 
516,995

 
487,562

Allocation of earnings to participating securities
(757
)
 
(779
)
 
(1,493
)
Numerator for basic and diluted EPS—net income attributable to common stockholders
$
145,373

 
$
516,216

 
$
486,069

Denominator
 
 
 
 
 
Denominator for basic EPS—weighted average number of common shares outstanding
141,877

 
146,599

 
157,916

Effect of dilutive securities (1)
 
 
 
 
 
   Share and unit based compensation
36

 
112

 
144

Denominator for diluted EPS—weighted average number of common shares outstanding
141,913

 
146,711

 
158,060

EPS—net income attributable to common stockholders:
 
 
 
 
 
Basic
$
1.02

 
$
3.52

 
$
3.08

Diluted
$
1.02

 
$
3.52

 
$
3.08


____________________________________
(1)
Diluted EPS excludes 90,619, 133,366 and 139,186 convertible preferred units for the years ended December 31, 2017, 2016 and 2015, respectively, as their impact was antidilutive.
Diluted EPS excludes 10,416,321 and 10,721,271 and 10,562,154 Operating Partnership units ("OP Units") for the years ended December 31, 2017, 2016 and 2015, respectively, as their effect was antidilutive.
XML 52 R36.htm IDEA: XBRL DOCUMENT v3.8.0.1
Investments in Unconsolidated Joint Ventures (Tables)
 12 Months Ended
Dec. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Ownership Interest in Joint Ventures
The following are the Company's direct or indirect investments in various joint ventures with third parties. The Company's direct or indirect ownership interest in each joint venture as of December 31, 2017 was as follows:
Joint Venture
Ownership %(1)
443 Wabash MAB LLC
45.0
%
AM Tysons LLC
50.0
%
Biltmore Shopping Center Partners LLC
50.0
%
Candlestick Center LLC—Fashion Outlets of San Francisco
50.1
%
Coolidge Holding LLC
37.5
%
Corte Madera Village, LLC
50.1
%
Country Club Plaza KC Partners LLC
50.0
%
Fashion District Philadelphia—Various Entities
50.0
%
Jaren Associates #4
12.5
%
Kierland Commons Investment LLC
50.0
%
Macerich HHF Centers LLC—Various Properties
51.0
%
Macerich Northwestern Associates—Broadway Plaza
50.0
%
MS Portfolio LLC
50.0
%
New River Associates LLC—Arrowhead Towne Center
60.0
%
North Bridge Chicago LLC
50.0
%
One Scottsdale Investors LLC
50.0
%
Pacific Premier Retail LLC—Various Properties
60.0
%
Propcor II Associates, LLC—Boulevard Shops
50.0
%
Scottsdale Fashion Square Partnership
50.0
%
The Market at Estrella Falls LLC
40.1
%
TM TRS Holding Company LLC
50.0
%
Tysons Corner LLC
50.0
%
Tysons Corner Hotel I LLC
50.0
%
Tysons Corner Property Holdings II LLC
50.0
%
Tysons Corner Property LLC
50.0
%
West Acres Development, LLP
19.0
%
Westcor/Queen Creek LLC
38.2
%
Westcor/Surprise Auto Park LLC
33.3
%
WMAP, L.L.C.—Atlas Park, The Shops at
50.0
%
_______________________________________________________________________________
(1)
The Company's ownership interest in this table reflects its direct or indirect legal ownership interest. Legal ownership may, at times, not equal the Company’s economic interest in the listed entities because of various provisions in certain joint venture agreements regarding distributions of cash flow based on capital account balances, allocations of profits and losses and payments of preferred returns. As a result, the Company’s actual economic interest (as distinct from its legal ownership interest) in certain of the properties could fluctuate from time to time and may not wholly align with its legal ownership interests. Substantially all of the Company’s joint venture agreements contain rights of first refusal, buy-sell provisions, exit rights, default dilution remedies and/or other break up provisions or remedies which are customary in real estate joint venture agreements and which may, positively or negatively, affect the ultimate realization of cash flow and/or capital or liquidation proceeds.
Combined and Condensed Balance Sheets of Unconsolidated Joint Ventures and Other Related Information
Combined and Condensed Balance Sheets of Unconsolidated Joint Ventures as of December 31:

 
2017
 
2016
Assets(1):
 
 
 
Property, net
$
9,052,105

 
$
9,176,642

Other assets
635,838

 
614,607

Total assets
$
9,687,943

 
$
9,791,249

Liabilities and partners' capital(1):
 
 
 
Mortgage and other notes payable(2)
$
5,296,594

 
$
5,224,713

Other liabilities
405,052

 
403,369

Company's capital
2,188,057

 
2,279,819

Outside partners' capital
1,798,240

 
1,883,348

Total liabilities and partners' capital
$
9,687,943

 
$
9,791,249

Investment in unconsolidated joint ventures:
 
 
 
Company's capital
$
2,188,057

 
$
2,279,819

Basis adjustment(3)
(562,021
)
 
(584,887
)
 
$
1,626,036

 
$
1,694,932

 
 
 
 
Assets—Investments in unconsolidated joint ventures
$
1,709,522

 
$
1,773,558

Liabilities—Distributions in excess of investments in unconsolidated joint ventures
(83,486
)
 
(78,626
)
 
$
1,626,036

 
$
1,694,932

_______________________________________________________________________________

(1)
These amounts include the assets of $3,106,105 and $3,179,255 of the PPR Portfolio as of December 31, 2017 and 2016, respectively, and liabilities of $1,872,227 and $1,887,952 of the PPR Portfolio as of December 31, 2017 and 2016, respectively.

(2)
Included in mortgage and other notes payable are amounts due to affiliates of Northwestern Mutual Life ("NML") of $482,332 and $265,863 as of December 31, 2017 and 2016, respectively. NML is considered a related party because it is a joint venture partner with the Company in Macerich Northwestern Associates—Broadway Plaza. Interest expense incurred on these borrowings amounted to $17,898, $16,898 and $29,372 for the years ended December 31, 2017, 2016 and 2015, respectively.

(3)
The Company amortizes the difference between the cost of its investments in unconsolidated joint ventures and the book value of the underlying equity into income on a straight-line basis consistent with the lives of the underlying assets. The amortization of this difference was $16,562, $17,610 and $5,619 for the years ended December 31, 2017, 2016 and 2015, respectively.
Combined and Condensed Statements of Operations of Unconsolidated Joint Ventures
Combined and Condensed Statements of Operations of Unconsolidated Joint Ventures:
 
 
 
PPR Portfolio
 
Other
Joint
Ventures
 
Total
Year Ended December 31, 2017
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
Minimum rents
 
 
$
134,450

 
$
501,732

 
$
636,182

Percentage rents
 
 
5,050

 
13,866

 
18,916

Tenant recoveries
 
 
46,575

 
189,059

 
235,634

Other
 
 
5,959

 
51,767

 
57,726

Total revenues
 
 
192,034

 
756,424

 
948,458

Expenses:
 
 
 
 
 
 
 
Shopping center and operating expenses
 
 
41,340

 
243,271

 
284,611

Interest expense
 
 
67,053

 
131,714

 
198,767

Depreciation and amortization
 
 
101,625

 
250,921

 
352,546

Total operating expenses
 
 
210,018

 
625,906

 
835,924

(Loss) gain on sale of assets
 
 
(36
)
 
33,861

 
33,825

Net (loss) income
 
 
$
(18,020
)
 
$
164,379

 
$
146,359

Company's equity in net (loss) income
 
 
$
(453
)
 
$
85,999

 
$
85,546

 
 
 
 
 
 
 
 
Year Ended December 31, 2016
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
Minimum rents
 
 
$
129,145

 
$
471,139

 
$
600,284

Percentage rents
 
 
5,437

 
15,480

 
20,917

Tenant recoveries
 
 
47,856

 
187,288

 
235,144

Other
 
 
6,303

 
49,937

 
56,240

Total revenues
 
 
188,741

 
723,844

 
912,585

Expenses:
 
 
 
 
 
 
 
Shopping center and operating expenses
 
 
39,804

 
234,704

 
274,508

Interest expense
 
 
64,626

 
123,043

 
187,669

Depreciation and amortization
 
 
108,880

 
251,498

 
360,378

Total operating expenses
 
 
213,310

 
609,245

 
822,555

Loss on sale of assets
 
 
—

 
(375
)
 
(375
)
Net (loss) income
 
 
$
(24,569
)
 
$
114,224

 
$
89,655

Company's equity in net (loss) income
 
 
$
(3,088
)
 
$
60,029

 
$
56,941

 
 
 
 
 
 
 
 
 
 
 
PPR Portfolio(1)
 
Other
Joint
Ventures
 
Total
Year Ended December 31, 2015
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
Minimum rents
 
 
$
21,172

 
$
293,921

 
$
315,093

Percentage rents
 
 
2,569

 
13,188

 
15,757

Tenant recoveries
 
 
8,408

 
129,059

 
137,467

Other
 
 
1,182

 
33,931

 
35,113

Total revenues
 
 
33,331

 
470,099

 
503,430

Expenses:
 
 
 
 
 
 
 
Shopping center and operating expenses
 
 
6,852

 
165,795

 
172,647

Interest expense
 
 
10,448

 
78,279

 
88,727

Depreciation and amortization
 
 
16,919

 
133,707

 
150,626

Total operating expenses
 
 
34,219

 
377,781

 
412,000

Gain on sale of assets
 
 
—

 
9,850

 
9,850

Loss on extinguishment of debt
 
 
—

 
(3
)
 
(3
)
Net (loss) income
 
 
$
(888
)
 
$
102,165

 
$
101,277

Company's equity in net income
 
 
$
1,409

 
$
43,755

 
$
45,164

 
 
 
 
 
 
 
 

_______________________________________________________________________________

(1)
These amounts exclude the results of operations from January 1, 2015 to October 29, 2015, as the PPR Portfolio was converted from Consolidated Centers to an Unconsolidated Joint Venture Centers effective October 30, 2015, as a result of the PPR Portfolio transaction as discussed above.
XML 53 R37.htm IDEA: XBRL DOCUMENT v3.8.0.1
Derivative Instruments and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Outstanding
The following derivative was outstanding at December 31, 2017:
Property
 
Notional Amount
 
Product
 
LIBOR Rate
 
Maturity
 
Fair Value
Santa Monica Place
 
$
300,000

 
Cap
 
4.00
%
 
12/9/2019
 
$
11
XML 54 R38.htm IDEA: XBRL DOCUMENT v3.8.0.1
Property, net (Tables)
 12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
Schedule of Real Estate Properties
Property at December 31, 2017 and 2016 consists of the following:
 
2017
 
2016
Land
$
1,567,152

 
$
1,607,590

Buildings and improvements
6,385,035

 
6,511,741

Tenant improvements
620,352

 
622,878

Equipment and furnishings
187,998

 
177,036

Construction in progress
366,996

 
289,966

 
9,127,533

 
9,209,211

Less accumulated depreciation
(2,018,303
)
 
(1,851,901
)
 
$
7,109,230

 
$
7,357,310
Assets Measured on a Nonrecurring Basis
The following table summarizes certain of the Company's assets that were measured on a nonrecurring basis as a result of impairment charges recorded for the years ended December 31, 2017, 2016 and 2015 as described above:
Years ended December, 31
 
Total Fair Value Measurement
 
Quoted Prices in Active Markets for Identical Assets
 
Significant Other Observable Inputs
 
Significant Unobservable Inputs
 
 
(Level 1)
 
(Level 2)
 
(Level 3)
2017
 
$
38,000

 
$
—

 
$
38,000

 
$
—

2016
 
$
86,100

 
$
—

 
$
—

 
$
86,100

2015
 
$
49,700

 
$
—

 
$
6,200

 
$
43,500
Quantitative Information, Unobservable Inputs
The following table sets forth quantitative information about the unobservable inputs of the Company’s Level 3 real estate recorded as of December 31, 2016 and 2015:
Unobservable Inputs
 
2016
 
2015
Terminal capitalization rate
 
7.0% - 10.0%
 
9.0%
Discount rate
 
8.0% - 15.0%
 
9.5%
Market rents per square foot
 
$2.00 - $20.00
 
$5.00 - $150.00
XML 55 R39.htm IDEA: XBRL DOCUMENT v3.8.0.1
Deferred Charges and Other Assets, net (Tables)
 12 Months Ended
Dec. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Deferred Charges and Other Assets, Net
Deferred charges and other assets, net at December 31, 2017 and 2016 consist of the following:
 
2017
 
2016
Leasing
$
232,819

 
$
239,983

Intangible assets:
 
 
 
In-place lease values(1)
108,432

 
140,437

Leasing commissions and legal costs(1)
25,958

 
32,384

   Above-market leases
164,040

 
181,851

Deferred tax assets
29,006

 
38,301

Deferred compensation plan assets
52,221

 
42,711

Distributions in excess of co-venture obligation(2)
31,150

 
—

Other assets
66,990

 
72,206

 
710,616

 
747,873

Less accumulated amortization(3)
(261,426
)
 
(269,815
)
 
$
449,190

 
$
478,058

_______________________________


(1)
The amortization of these intangible assets for the next five years and thereafter is as follows:
Year Ending December 31,
 
2018
$
13,165

2019
11,115

2020
8,418

2021
6,866

2022
5,136

Thereafter
15,183

 
$
59,883



(2)
See Note 11—Co-Venture Arrangement.

(3)
Accumulated amortization includes $74,507 and $88,785 relating to in-place lease values, leasing commissions and legal costs at December 31, 2017 and 2016, respectively. Amortization expense for in-place lease values, leasing commissions and legal costs was $19,988, $33,048 and $69,460 for the years ended December 31, 2017, 2016 and 2015, respectively.
Schedule of Estimated Amortization of Intangible Assets for the Next Five Years and Thereafter
The amortization of these intangible assets for the next five years and thereafter is as follows:
Year Ending December 31,
 
2018
$
13,165

2019
11,115

2020
8,418

2021
6,866

2022
5,136

Thereafter
15,183

 
$
59,883
Allocated Values of Above-market Leases and below-market leases
The allocated values of above-market leases and below-market leases consist of the following:
 
2017
 
2016
Above-Market Leases
 
 
 
Original allocated value
$
164,040

 
$
181,851

Less accumulated amortization
(60,210
)
 
(57,505
)
 
$
103,830

 
$
124,346

Below-Market Leases(1)
 
 
 
Original allocated value
$
120,573

 
$
144,713

Less accumulated amortization
(55,489
)
 
(58,400
)
 
$
65,084

 
$
86,313

_______________________________
(1)
Below‑market leases are included in other accrued liabilities.
Schedule of Estimated Amortization of Allocated Values of Above and Below-market Leases for the Next Five Years and Thereafter
The amortization of these values for the next five years and thereafter is as follows:
Year Ending December 31,
 
Above
Market
 
Below
Market
2018
 
$
11,109

 
$
11,657

2019
 
9,265

 
10,400

2020
 
8,088

 
8,016

2021
 
6,944

 
6,286

2022
 
5,370

 
5,201

Thereafter
 
63,054

 
23,524

 
 
$
103,830

 
$
65,084
XML 56 R40.htm IDEA: XBRL DOCUMENT v3.8.0.1
Mortgage Notes Payable (Tables)
 12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Mortgage Notes Payable
Mortgage notes payable at December 31, 2017 and 2016 consist of the following:
 
 
Carrying Amount of Mortgage Notes(1)
 
 
 
 
 
 
 
 
2017
 
2016
 
Effective Interest
Rate(2)
 
Monthly
Debt
Service(3)
 
Maturity
Date(4)
Property Pledged as Collateral
 
Related Party
 
Other
 
Related Party
 
Other
 
Chandler Fashion Center(5)
 
—

 
199,904

 
—

 
199,833

 
3.77
%
 
625

 
2019
Danbury Fair Mall
 
104,599

 
104,598

 
107,929

 
107,928

 
5.53
%
 
1,538

 
2020
Fashion Outlets of Chicago(6)
 
—

 
199,298

 
—

 
198,966

 
3.02
%
 
477

 
2020
Fashion Outlets of Niagara Falls USA
 
—

 
112,770

 
—

 
115,762

 
4.89
%
 
727

 
2020
Freehold Raceway Mall(5)(7)
 
—

 
398,050

 
—

 
220,643

 
3.94
%
 
1,300

 
2029
Fresno Fashion Fair
 
—

 
323,261

 
—

 
323,062

 
3.67
%
 
971

 
2026
Green Acres Commons(8)
 
—

 
107,219

 
—

 
—

 
4.07
%
 
322

 
2021
Green Acres Mall
 
—

 
291,366

 
—

 
297,798

 
3.61
%
 
1,447

 
2021
Kings Plaza Shopping Center
 
—

 
447,231

 
—

 
456,958

 
3.67
%
 
2,229

 
2019
Northgate Mall(9)
 
—

 
—

 
—

 
63,434

 


 


 

Oaks, The
 
—

 
196,732

 
—

 
201,235

 
4.14
%
 
1,064

 
2022
Pacific View
 
—

 
124,397

 
—

 
127,311

 
4.08
%
 
668

 
2022
Queens Center
 
—

 
600,000

 
—

 
600,000

 
3.49
%
 
1,744

 
2025
Santa Monica Place(10)
 
—

 
296,366

 
—

 
219,564

 
3.13
%
 
706

 
2022
SanTan Village Regional Center
 
—

 
124,703

 
—

 
127,724

 
3.14
%
 
589

 
2019
Stonewood Center(11)
 
—

 
—

 
—

 
99,520

 


 


 

Towne Mall
 
—

 
21,161

 
—

 
21,570

 
4.48
%
 
117

 
2022
Tucson La Encantada
 
66,970

 
—

 
68,513

 
—

 
4.23
%
 
368

 
2022
Victor Valley, Mall of
 
—

 
114,617

 
—

 
114,559

 
4.00
%
 
380

 
2024
Vintage Faire Mall
 
—

 
263,818

 
—

 
269,228

 
3.55
%
 
1,256

 
2026
Westside Pavilion
 
—

 
141,020

 
—

 
143,881

 
4.49
%
 
783

 
2022
 
 
$
171,569

 
$
4,066,511

 
$
176,442

 
$
3,908,976

 
 

 
 

 
 


(1)
The mortgage notes payable balances include the unamortized debt premiums. Debt premiums represent the excess of the fair value of debt over the principal value of debt assumed in various acquisitions and are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method.        
The debt premiums as of December 31, 2017 and 2016 consist of the following:
Property Pledged as Collateral
 
2017
 
2016
Fashion Outlets of Niagara Falls USA
 
$
2,630

 
$
3,558

Stonewood Center
 
—

 
2,349

 
 
$
2,630

 
$
5,907


The mortgage notes payable balances also include unamortized deferred finance costs that are amortized into interest expense over the remaining term of the related debt in a manner that approximates the effective interest method. Unamortized deferred finance costs were $17,838 and $12,716 at December 31, 2017 and 2016, respectively.
(2)
The interest rate disclosed represents the effective interest rate, including the debt premiums and deferred finance costs.
(3)
The monthly debt service represents the payment of principal and interest.
(4)
The maturity date assumes that all extension options are fully exercised and that the Company does not opt to refinance the debt prior to these dates. These extension options are at the Company's discretion, subject to certain conditions, which the Company believes will be met.
(5)
A 49.9% interest in the loan has been assumed by a third party in connection with a co-venture arrangement (See Note 11—Co-Venture Arrangement).
(6)
The loan bears interest at LIBOR plus 1.50% and matures on March 31, 2020. At December 31, 2017 and 2016, the total interest rate was 3.02% and 2.43%, respectively.
(7)
On October 19, 2017, the joint venture replaced the existing loan on the property with a new $400,000 loan that bears interest at an effective rate of 3.94% and matures on November 1, 2029.
(8)
On September 29, 2017, the Company placed a new $110,000 loan on the property that bears interest at LIBOR plus 2.15% and matures on March 29, 2021. The loan can be expanded, depending on certain conditions, up to $130,000. At December 31, 2017, the total interest rate was 4.07%.
(9)
On January 18, 2017, the loan was paid off in connection with sale of the underlying property (See Note 15—Dispositions).
(10)
On December 4, 2017, the Company replaced the existing loan on the property with a new $300,000 loan that bears interest at LIBOR plus 1.35% and matures on December 9, 2019 with three one-year extension options. The loan is covered by an interest rate cap agreement that effectively prevents LIBOR from exceeding 4.00% (See Note 5—Derivative Instruments and Hedging Activities). At December 31, 2017 the total interest rate was 3.13%.
(11)
On November 1, 2017, the Company paid off the loan on the property.
Debt Premiums (Discounts) on Mortgage Notes Payable
The debt premiums as of December 31, 2017 and 2016 consist of the following:
Property Pledged as Collateral
 
2017
 
2016
Fashion Outlets of Niagara Falls USA
 
$
2,630

 
$
3,558

Stonewood Center
 
—

 
2,349

 
 
$
2,630

 
$
5,907
Future Maturities of Mortgage Notes Payable
The future maturities of mortgage notes payable are as follows:
Year Ending December 31,
 
2018
$
49,800

2019
796,591

2020
528,456

2021
401,733

2022
802,552

Thereafter
1,674,156

 
4,253,288

Debt premium
2,630

Deferred finance cost, net
(17,838
)
 
$
4,238,080
XML 57 R41.htm IDEA: XBRL DOCUMENT v3.8.0.1
Bank and Other Notes Payable (Tables)
 12 Months Ended
Dec. 31, 2017
Debt Disclosure [Abstract]  
Schedule of Future Maturities of Bank and Other Notes Payable
The future maturities of bank and other notes payable are as follows:
Year Ending December 31,
 
2018
$
830

2019
875

2020
922

2021
937,105

 
939,732

Deferred finance cost
(7,548
)
 
$
932,184
XML 58 R42.htm IDEA: XBRL DOCUMENT v3.8.0.1
Co-Venture Arrangement (Tables)
 12 Months Ended
Dec. 31, 2017
Co-Venture Arrangement [Abstract]  
Schedule of Co-venture Assets and Liabilities
At December 31, 2017 and 2016, the Company had the following asset and liability related to the co-venture arrangement:
 
2017
 
2016
Asset—Distributions in excess of co-venture obligation(1)
$
31,150

 
$
—

Liability—Co-venture obligation
$
—

 
$
58,973

_______________________________________________________________________________
(1)
See Note 8—Deferred Charges and Other Assets, net
XML 59 R43.htm IDEA: XBRL DOCUMENT v3.8.0.1
Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2017
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following is a summary of the allocation of the fair value of Inland Center:
Property
$
91,871

Deferred charges
9,752

Other assets
5,782

Total assets acquired
107,405

Mortgage note payable
50,000

Other accrued liabilities
4,905

Total liabilities assumed
54,905

Fair value of acquired net assets (at 100% ownership)
$
52,500
Summary of Gain on Remeasurement of Existing Investment
The Company determined that the purchase price represented the fair value of the additional ownership interest in Inland Center that was acquired.
Fair value of existing ownership interest (at 50% ownership)
$
26,250

Carrying value of investment
(4,161
)
Gain on remeasurement of assets
$
22,089
Schedule of Reconciliation of the Purchase Price to the Fair Value of the Acquired Net Assets
The following is the reconciliation of the purchase price to the fair value of the acquired net assets:
Purchase price
$
51,250

Less debt assumed
(25,000
)
Carrying value of investment
4,161

Gain on remeasurement of assets
22,089

Fair value of acquired net assets (at 100% ownership)
$
52,500
XML 60 R44.htm IDEA: XBRL DOCUMENT v3.8.0.1
Future Rental Revenues (Tables)
 12 Months Ended
Dec. 31, 2017
Leases [Abstract]  
Schedule of Future Minimum Rental Payments by the Company
Under existing non-cancelable operating lease agreements, tenants are committed to pay the following minimum rental payments to the Company:
Year Ending December 31,
 
2018
$
508,750

2019
432,248

2020
386,803

2021
332,080

2022
283,600

Thereafter
850,735

 
$
2,794,216

Minimum future rental payments required under the leases are as follows:
Year Ending December 31,
 
2018
$
10,461

2019
9,334

2020
9,351

2021
8,999

2022
9,021

Thereafter
208,184

 
$
255,350
XML 61 R45.htm IDEA: XBRL DOCUMENT v3.8.0.1
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Rental Payments by the Company
Under existing non-cancelable operating lease agreements, tenants are committed to pay the following minimum rental payments to the Company:
Year Ending December 31,
 
2018
$
508,750

2019
432,248

2020
386,803

2021
332,080

2022
283,600

Thereafter
850,735

 
$
2,794,216

Minimum future rental payments required under the leases are as follows:
Year Ending December 31,
 
2018
$
10,461

2019
9,334

2020
9,351

2021
8,999

2022
9,021

Thereafter
208,184

 
$
255,350
XML 62 R46.htm IDEA: XBRL DOCUMENT v3.8.0.1
Related Party Transactions (Tables)
 12 Months Ended
Dec. 31, 2017
Related Party Transactions [Abstract]  
Schedule of Fees Charged to Unconsolidated Joint Ventures
The following are fees charged to unconsolidated joint ventures for the years ended December 31:
 
2017
 
2016
 
2015
Management fees
$
19,105

 
$
17,937

 
$
10,064

Development and leasing fees
15,558

 
13,907

 
9,615

 
$
34,663

 
$
31,844

 
$
19,679
XML 63 R47.htm IDEA: XBRL DOCUMENT v3.8.0.1
Share and Unit-based Plans (Tables)
 12 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Activity of Non-vested Stock Awards
The following table summarizes the activity of non-vested stock awards during the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
 
Shares
 
Weighted
Average
Grant Date
Fair Value
 
Shares
 
Weighted
Average
Grant Date
Fair Value
 
Shares
 
Weighted
Average
Grant Date
Fair Value
Balance at beginning of year
—

 
$
—

 
1,612

 
$
62.01

 
9,189

 
$
59.25

Granted
—

 
—

 
—

 
—

 
—

 
—

Vested
—

 
—

 
(1,612
)
 
62.01

 
(7,577
)
 
58.67

Balance at end of year
—

 
$
—

 
—

 
$
—

 
1,612

 
$
62.01
Summary of Activity of Non-vested Stock Units
The following table summarizes the activity of non-vested stock units during the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
 
Units
 
Weighted
Average
Grant Date
Fair Value
 
Units
 
Weighted
Average
Grant Date
Fair Value
 
Units
 
Weighted
Average
Grant Date
Fair Value
Balance at beginning of year
148,428

 
$
78.53

 
132,086

 
$
74.58

 
144,374

 
$
59.94

Granted
86,827

 
66.46

 
85,601

 
79.22

 
77,282

 
86.53

Vested
(81,205
)
 
75.62

 
(69,259
)
 
71.82

 
(86,761
)
 
61.29

Forfeited
(2,695
)
 
69.57

 
—

 
—

 
(2,809
)
 
86.72

Balance at end of year
151,355

 
$
73.32

 
148,428

 
$
78.53

 
132,086

 
$
74.58
Summary of Activity of SARs Awards
The following table summarizes the activity of SARs awards during the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
 
Units
 
Weighted
Average
Exercise
Price
 
Units
 
Weighted
Average
Exercise
Price
 
Units
 
Weighted
Average
Exercise
Price
Balance at beginning of year
284,146

 
$
53.85

 
417,783

 
$
55.13

 
772,639

 
$
56.67

Granted
—

 
—

 
—

 
—

 
—

 
—

Exercised
(48,707
)
 
53.95

 
(143,822
)
 
53.73

 
(364,807
)
 
56.86

Special dividend adjustment
—

 
—

 
10,185

 
53.88

 
9,951

 
55.13

Balance at end of year
235,439

 
$
53.83

 
284,146

 
$
53.85

 
417,783

 
$
55.13
Summary of Activity of Non-vested LTIP Units
The following table summarizes the activity of the non-vested LTIP Units during the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
 
Units
 
Weighted
Average
Grant Date
Fair Value
 
Units
 
Weighted
Average
Grant Date
Fair Value
 
Units
 
Weighted
Average
Grant Date
Fair Value
Balance at beginning of year
322,572

 
$
58.18

 
56,315

 
$
73.24

 
46,695

 
$
58.89

Granted
506,906

 
55.33

 
480,371

 
65.00

 
424,442

 
74.71

Vested
(192,846
)
 
69.93

 
(214,114
)
 
77.45

 
(414,822
)
 
73.13

Forfeited
—

 
—

 
—

 
—

 
—

 


Balance at end of year
636,632

 
$
52.36

 
322,572

 
$
58.18

 
56,315

 
$
73.24
Summary of Activity of Stock Options
The following table summarizes the activity of stock options for the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
 
Options
 
Weighted
Average
Exercise
Price
 
Options
 
Weighted
Average
Exercise
Price
 
Options
 
Weighted
Average
Exercise
Price
Balance at beginning of year
10,565

 
$
56.77

 
10,314

 
$
58.15

 
10,068

 
$
59.57

Granted
25,000

 
57.55

 
—

 
—

 
—

 
—

Exercised
—

 
—

 
—

 
—

 
—

 
—

Special dividend adjustment
—

 
—

 
251

 
56.77

 
246

 
58.15

Balance at end of year
35,565

 
$
57.32

 
10,565

 
$
56.77

 
10,314

 
$
58.15
Summary of Activity of Non-vested Phantom Stock Units
The following table summarizes the activity of the non-vested phantom stock units for the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
 
Stock Units
 
Weighted
Average
Grant Date
Fair Value
 
Stock Units
 
Weighted
Average
Grant Date
Fair Value
 
Stock Units
 
Weighted
Average
Grant Date
Fair Value
Balance at beginning of year
5,845

 
$
81.47

 
—

 
$
—

 
9,269

 
$
58.35

Granted
8,760

 
68.93

 
21,088

 
80.21

 
13,351

 
78.72

Vested
(10,551
)
 
71.69

 
(15,243
)
 
79.73

 
(20,162
)
 
72.17

Forfeited
—

 
—

 
—

 
—

 
(2,458
)
 
55.62

Balance at end of year
4,054

 
$
79.82

 
5,845

 
$
81.47

 
—

 
$
—
Compensation Cost Under the Share and Unit-based Plans
The following summarizes the compensation cost under the share and unit-based plans for the years ended December 31, 2017, 2016 and 2015:
 
2017
 
2016
 
2015
Stock awards
$
—

 
$
20

 
$
252

Stock units
6,045

 
6,305

 
6,041

LTIP units
30,161

 
32,957

 
26,622

Stock options
85

 
16

 
16

Phantom stock units
714

 
1,231

 
1,444

 
$
37,005

 
$
40,529

 
$
34,375
XML 64 R48.htm IDEA: XBRL DOCUMENT v3.8.0.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2017
Income Tax Disclosure [Abstract]  
Schedule of Components of Distributions Made to Common Stockholders on a Per Share Basis
The following table details the components of the distributions, on a per share basis, for the years ended December 31, 2017, 2016 and 2015 are as follows:
 
2017
 
2016 (1)
 
2015 (1)
Ordinary income
$
1.98

 
69.0
%
 
$
0.94

 
20.8
%
 
$
1.20

 
24.8
%
Capital gains
0.51

 
17.8
%
 
3.24

 
71.4
%
 
3.64

 
75.2
%
Unrecaptured Section 1250 gain
0.38

 
13.2
%
 
0.36

 
7.8
%
 
—

 
—
%
Return of capital
—

 
—
%
 
—

 
—
%
 
—

 
—
%
Dividends paid
$
2.87

 
100.0
%
 
$
4.54

 
100.0
%
 
$
4.84

 
100.0
%


_______________________________________________________________________________

(1)
During the year ended December 31, 2015, the Company paid cash dividends of $4.63 per common share. In addition, the Company declared a $2.00 special cash dividend to shareholders of record as of November 12, 2015 which was paid on January 6, 2016 (See Note 13—Stockholders' Equity). Pursuant to relevant U.S. tax rules, $0.21 per common share of this dividend is treated as having been paid by the Company on December 31, 2015, and received by each shareholder of record as of November 12, 2015 on December 31, 2015. The balance of the special cash dividend has been included in the amount of dividends paid for the year ended December 31, 2016.
Schedule of Income Tax Provision of TRSs
The income tax provision of the TRSs for the years ended December 31, 2017, 2016 and 2015 are as follows:
 
2017
 
2016
 
2015
Current
$
185

 
$
(176
)
 
$
—

Deferred
(15,779
)
 
(546
)
 
3,223

Income tax (expense) benefit
$
(15,594
)
 
$
(722
)
 
$
3,223
Reconciliation of Income Tax Provision of the TRSs to the Amount Computed by Applying the Federal Corporate Tax Rate
The income tax provision of the TRSs for the years ended December 31, 2017, 2016 and 2015 are reconciled to the amount computed by applying the Federal Corporate tax rate as follows:
 
2017
 
2016
 
2015
Book loss for TRSs
$
2,094

 
$
5,254

 
$
10,681

Tax at statutory rate on earnings from continuing operations before income taxes
$
712

 
$
1,786

 
$
3,632

Change in tax rates
(14,189
)
 
—

 
—

State taxes
109

 
160

 
420

Other
(2,226
)
 
(2,668
)
 
(829
)
Income tax (expense) benefit
$
(15,594
)
 
$
(722
)
 
$
3,223
Schedule of Tax Effects of Temporary Differences and Carryforwards of the TRSs Included in Net Deferred Tax Assets
The tax effects of temporary differences and carryforwards of the TRSs included in the net deferred tax assets at December 31, 2017 and 2016 are summarized as follows:
 
2017
 
2016
Net operating loss carryforwards
$
21,398

 
$
22,335

Property, primarily differences in depreciation and amortization, the tax basis of land assets and treatment of certain other costs
5,077

 
12,720

Other
2,531

 
3,246

Net deferred tax assets
$
29,006

 
$
38,301
XML 65 R49.htm IDEA: XBRL DOCUMENT v3.8.0.1
Quarterly Financial Data (Tables)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Results of Operations
The following is a summary of quarterly results of operations for the years ended December 31, 2017 and 2016:
 
2017 Quarter Ended
 
2016 Quarter Ended
 
Dec 31
 
Sep 30
 
Jun 30
 
Mar 31
 
Dec 31
 
Sep 30
 
Jun 30
 
Mar 31
Revenues
$
256,743

 
$
242,451

 
$
247,423

 
$
247,045

 
$
272,000

 
$
253,367

 
$
259,904

 
$
256,000

Net income attributable to the Company(1)
$
32,751

 
$
17,498

 
$
26,638

 
$
69,243

 
$
37,128

 
$
13,730

 
$
45,222

 
$
420,915

Net income attributable to common stockholders per share-basic
$
0.23

 
$
0.12

 
$
0.19

 
$
0.48

 
$
0.26

 
$
0.09

 
$
0.31

 
$
2.77

Net income attributable to common stockholders per share-diluted
$
0.23

 
$
0.12

 
$
0.19

 
$
0.48

 
$
0.26

 
$
0.09

 
$
0.31

 
$
2.76

_____________________
(1)
Net income attributable to the Company for the quarter ended March 31, 2016 includes the gain on sale of assets of $101,629 from the Arrowhead Towne Center transaction (See Note 4—Investments in Unconsolidated Joint Ventures) and $340,734 from the MAC Heitman Portfolio transaction (See Note 4—Investments in Unconsolidated Joint Ventures).
XML 66 R50.htm IDEA: XBRL DOCUMENT v3.8.0.1
Organization (Details) - entity
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]    
Number of management companies (in entities) 7  
The Macerich Partnership, L.P.    
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]    
Ownership interest in operating partnership (as a percent) 93.00% 93.00%
XML 67 R51.htm IDEA: XBRL DOCUMENT v3.8.0.1
Summary of Significant Accounting Policies - Schedule Operating Partnership's VIEs (Details) - Operating Partnership's VIEs - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Property, net    
Variable Interest Entity [Line Items]    
Assets $ 288,881 $ 307,582
Other assets    
Variable Interest Entity [Line Items]    
Assets 60,586 68,863
Total assets    
Variable Interest Entity [Line Items]    
Assets 349,467 376,445
Mortgage notes payable    
Variable Interest Entity [Line Items]    
Liabilities 129,436 133,245
Other liabilities    
Variable Interest Entity [Line Items]    
Liabilities 72,705 75,913
Total liabilities    
Variable Interest Entity [Line Items]    
Liabilities $ 202,141 $ 209,158
XML 68 R52.htm IDEA: XBRL DOCUMENT v3.8.0.1
Summary of Significant Accounting Policies - Revenues (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Accounting Policies [Abstract]      
Increase in minimum rent due to straight-line rent adjustment $ 8,597 $ 5,237 $ 7,192
Minimum      
Revenues      
Management fees as a percentage of gross monthly rental revenue 1.50%    
Maximum      
Revenues      
Management fees as a percentage of gross monthly rental revenue 5.00%    
XML 69 R53.htm IDEA: XBRL DOCUMENT v3.8.0.1
Summary of Significant Accounting Policies - Property and Investment in Unconsolidated Joint Ventures (Details)
 12 Months Ended
Dec. 31, 2017
Investment in unconsolidated joint ventures  
Threshold ownership percentage above which to use equity method of accounting only if no controlling financial interest 50.00%
Buildings and improvements | Minimum  
Property, Plant and Equipment [Line Items]  
Estimated useful lives of assets (in years) 5 years
Buildings and improvements | Maximum  
Property, Plant and Equipment [Line Items]  
Estimated useful lives of assets (in years) 40 years
Tenant improvements | Minimum  
Property, Plant and Equipment [Line Items]  
Estimated useful lives of assets (in years) 5 years
Tenant improvements | Maximum  
Property, Plant and Equipment [Line Items]  
Estimated useful lives of assets (in years) 7 years
Equipment and furnishings | Minimum  
Property, Plant and Equipment [Line Items]  
Estimated useful lives of assets (in years) 5 years
Equipment and furnishings | Maximum  
Property, Plant and Equipment [Line Items]  
Estimated useful lives of assets (in years) 7 years
XML 70 R54.htm IDEA: XBRL DOCUMENT v3.8.0.1
Summary of Significant Accounting Policies - Acquisitions (Details)
 12 Months Ended
Dec. 31, 2017
form
Accounting Policies [Abstract]  
Number of forms of in-place operating lease intangible assets and liabilities 3
XML 71 R55.htm IDEA: XBRL DOCUMENT v3.8.0.1
Summary of Significant Accounting Policies - Deferred Charges and Segment Information (Details)
 12 Months Ended
Dec. 31, 2017
segment
area
Segment Information:  
Number of business segments | segment 1
Number of geographic areas in which the Company operates | area 1
Minimum  
Deferred Charges:  
Deferred lease costs, amortization period (in years) 1 year
Deferred financing costs, amortization period (in years) 1 year
Maximum  
Deferred Charges:  
Deferred lease costs, amortization period (in years) 15 years
Deferred financing costs, amortization period (in years) 15 years
XML 72 R56.htm IDEA: XBRL DOCUMENT v3.8.0.1
Summary of Significant Accounting Policies - Recent Accounting Pronouncements (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Jan. 01, 2018
Jan. 01, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Liability—Co-venture obligation $ 0 $ 58,973      
Accumulated deficit (830,279) (488,782)      
Cumulative effect of adoption of ASU 2016-09 6,484        
Debt extinguishment costs 0 12,028 $ 14,579    
ASU 2014-09 | Difference between revenue guidance in effect before and after topic 606 | Freehold Raceway Mall and Chandler Fashion Center | Joint venture          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Accumulated deficit 424,850        
Pro forma | ASU 2014-09 | Difference between revenue guidance in effect before and after topic 606 | Freehold Raceway Mall and Chandler Fashion Center | Joint venture          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Liability—Co-venture obligation       $ 393,700  
Accumulated Deficit          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Cumulative effect of adoption of ASU 2016-09 6,484        
Accumulated Deficit | ASU 2016-09          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Cumulative effect of adoption of ASU 2016-09         $ 6,484
Freehold Raceway Mall and Chandler Fashion Center | Joint venture          
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]          
Investments in unconsolidated joint ventures $ 31,150 0      
Liability—Co-venture obligation   $ 58,973      
XML 73 R57.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings Per Share ("EPS") (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Numerator                      
Net Income                 $ 161,673 $ 554,839 $ 522,912
Net income attributable to noncontrolling interests                 (15,543) (37,844) (35,350)
Net income attributable to the Company $ 32,751 $ 17,498 $ 26,638 $ 69,243 $ 37,128 $ 13,730 $ 45,222 $ 420,915 146,130 516,995 487,562
Allocation of earnings to participating securities                 (757) (779) (1,493)
Numerator for basic and diluted EPS—net income attributable to common stockholders                 $ 145,373 $ 516,216 $ 486,069
Denominator                      
Denominator for basic EPS—weighted average number of common shares outstanding (shares)                 141,877,000 146,599,000 157,916,000
Effect of dilutive securities                      
Share and unit based compensation (shares)                 36,000 112,000 144,000
Denominator for diluted EPS—weighted average number of common shares outstanding (shares)                 141,913,000 146,711,000 158,060,000
EPS—net income attributable to common stockholders:                      
Basic (dollars per share) $ 0.23 $ 0.12 $ 0.19 $ 0.48 $ 0.26 $ 0.09 $ 0.31 $ 2.77 $ 1.02 $ 3.52 $ 3.08
Diluted (dollars per share) $ 0.23 $ 0.12 $ 0.19 $ 0.48 $ 0.26 $ 0.09 $ 0.31 $ 2.76 $ 1.02 $ 3.52 $ 3.08
Convertible preferred units                      
Antidilutive securities                      
Antidilutive securities (shares)                 90,619 133,366 139,186
Partnership unit                      
Antidilutive securities                      
Antidilutive securities (shares)                 10,416,321 10,721,271 10,562,154
XML 74 R58.htm IDEA: XBRL DOCUMENT v3.8.0.1
Investments in Unconsolidated Joint Ventures - Company Ownership (Details)
Dec. 31, 2017
443 Wabash MAB LLC  
Investments in unconsolidated joint ventures:  
Ownership % 45.00%
AM Tysons LLC  
Investments in unconsolidated joint ventures:  
Ownership % 50.00%
Biltmore Shopping Center Partners LLC  
Investments in unconsolidated joint ventures:  
Ownership % 50.00%
Candlestick Center LLC—Fashion Outlets of San Francisco  
Investments in unconsolidated joint ventures:  
Ownership % 50.10%
Coolidge Holding LLC  
Investments in unconsolidated joint ventures:  
Ownership % 37.50%
Corte Madera Village, LLC  
Investments in unconsolidated joint ventures:  
Ownership % 50.10%
Country Club Plaza KC Partners LLC  
Investments in unconsolidated joint ventures:  
Ownership % 50.00%
Fashion District Philadelphia—Various Entities  
Investments in unconsolidated joint ventures:  
Ownership % 50.00%
Jaren Associates 4  
Investments in unconsolidated joint ventures:  
Ownership % 12.50%
Kierland Commons Investment LLC  
Investments in unconsolidated joint ventures:  
Ownership % 50.00%
Macerich HHF Centers LLC—Various Properties  
Investments in unconsolidated joint ventures:  
Ownership % 51.00%
Macerich Northwestern Associates—Broadway Plaza  
Investments in unconsolidated joint ventures:  
Ownership % 50.00%
MS Portfolio LLC  
Investments in unconsolidated joint ventures:  
Ownership % 50.00%
New River Associates LLC—Arrowhead Towne Center  
Investments in unconsolidated joint ventures:  
Ownership % 60.00%
North Bridge Chicago LLC  
Investments in unconsolidated joint ventures:  
Ownership % 50.00%
One Scottsdale Investors LLC  
Investments in unconsolidated joint ventures:  
Ownership % 50.00%
Pacific Premier Retail LLC—Various Properties  
Investments in unconsolidated joint ventures:  
Ownership % 60.00%
Propcor II Associates, LLC—Boulevard Shops  
Investments in unconsolidated joint ventures:  
Ownership % 50.00%
Scottsdale Fashion Square Partnership  
Investments in unconsolidated joint ventures:  
Ownership % 50.00%
The Market at Estrella Falls LLC  
Investments in unconsolidated joint ventures:  
Ownership % 40.10%
TM TRS Holding Company LLC  
Investments in unconsolidated joint ventures:  
Ownership % 50.00%
Tysons Corner LLC  
Investments in unconsolidated joint ventures:  
Ownership % 50.00%
Tysons Corner Hotel I LLC  
Investments in unconsolidated joint ventures:  
Ownership % 50.00%
Tysons Corner Property Holdings II LLC  
Investments in unconsolidated joint ventures:  
Ownership % 50.00%
Tysons Corner Property LLC  
Investments in unconsolidated joint ventures:  
Ownership % 50.00%
West Acres Development, LLP  
Investments in unconsolidated joint ventures:  
Ownership % 19.00%
Westcor/Queen Creek LLC  
Investments in unconsolidated joint ventures:  
Ownership % 38.20%
Westcor/Surprise Auto Park LLC  
Investments in unconsolidated joint ventures:  
Ownership % 33.30%
WMAP, L.L.C.—Atlas Park, The Shops at  
Investments in unconsolidated joint ventures:  
Ownership % 50.00%
XML 75 R59.htm IDEA: XBRL DOCUMENT v3.8.0.1
Investments in Unconsolidated Joint Ventures - Narrative (Details)
ft² in Thousands, $ in Thousands
 12 Months Ended
Dec. 14, 2017
USD ($)
Sep. 18, 2017
USD ($)
Mar. 17, 2017
USD ($)
Mar. 28, 2016
USD ($)
Mar. 01, 2016
USD ($)
ft²
Jan. 14, 2016
USD ($)
ft²
Jan. 06, 2016
USD ($)
ft²
Oct. 30, 2015
USD ($)
ft²
Apr. 30, 2015
USD ($)
store
Feb. 17, 2015
USD ($)
ft²
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Investments in unconsolidated joint ventures:                          
Gain (loss) on sale of assets                     $ 33,825 $ (375) $ 9,850
Gain on sale of assets                     42,446 415,348 378,248
Gain on land sales                     $ 1,564 4,546 $ 1,807
PPR Portfolio                          
Investments in unconsolidated joint ventures:                          
Purchase price paid through assumption of debt by the Company               $ 713,000          
Proceeds from sale               1,258,643          
Gain (loss) on sale of assets               311,194          
Cash payment               $ 545,643          
Arrowhead Towne Center                          
Investments in unconsolidated joint ventures:                          
Property square footage | ft²             1,197            
Ownership %             40.00%            
Proceeds from sale             $ 289,496            
Gain (loss) on sale of assets                       $ 101,629  
Cash payment             129,496            
Assumption of debt             160,000            
Westcor/Queen Creek LLC                          
Investments in unconsolidated joint ventures:                          
Gain on land sales $ 5,436                        
Joint venture | Arrowhead Towne Center                          
Investments in unconsolidated joint ventures:                          
Gain on sale of assets             $ 101,629            
Joint venture | MAC Heitman Portfolio                          
Investments in unconsolidated joint ventures:                          
Ownership %           49.00%              
Proceeds from sale           $ 771,478              
Cash payment           478,608              
Gain on sale of assets           340,734              
Assumption of debt           $ 292,870              
Joint venture | Westcor/Queen Creek LLC                          
Investments in unconsolidated joint ventures:                          
Land sold 30,491                        
Gain on land sales $ 14,853                        
Lakewood Center | PPR Portfolio                          
Investments in unconsolidated joint ventures:                          
Property square footage | ft²               2,070          
Los Cerritos Center | PPR Portfolio                          
Investments in unconsolidated joint ventures:                          
Property square footage | ft²               1,305          
South Plains Mall | PPR Portfolio                          
Investments in unconsolidated joint ventures:                          
Property square footage | ft²               1,128          
Washington Square | PPR Portfolio                          
Investments in unconsolidated joint ventures:                          
Property square footage | ft²               1,442          
Deptford Mall | Joint venture | MAC Heitman Portfolio                          
Investments in unconsolidated joint ventures:                          
Property square footage | ft²           1,040              
FlatIron Crossing | Joint venture | MAC Heitman Portfolio                          
Investments in unconsolidated joint ventures:                          
Property square footage | ft²           1,433              
Twenty Ninth Street | Joint venture | MAC Heitman Portfolio                          
Investments in unconsolidated joint ventures:                          
Property square footage | ft²           847              
Inland Center                          
Investments in unconsolidated joint ventures:                          
Ownership percentage purchased                   50.00%      
Property square footage | ft²                   869      
Purchase price on acquisition                   $ 51,250      
Purchase price funded by cash payment on acquisition                   26,250      
Purchase price paid through assumption of debt by the Company                   25,000      
Loan paid off                   $ 50,000      
Sears                          
Investments in unconsolidated joint ventures:                          
Purchase price on acquisition                 $ 150,000        
Ownership %                 50.00%        
Number of stores | store                 9        
Joint venture ownership percentage purchased                 50.00%        
Country Club Plaza | Joint venture                          
Investments in unconsolidated joint ventures:                          
Property square footage | ft²         1,001                
Purchase price on acquisition         $ 660,000                
Purchase price paid through assumption of debt by the Company       $ 320,000 $ 330,000                
Joint venture ownership percentage         50.00%                
Interest rate (as a percent)       3.88%                  
Pacific Premier Retail LLC—Various Properties                          
Investments in unconsolidated joint ventures:                          
Ownership %                     60.00%    
Pacific Premier Retail LLC—Various Properties | PPR Portfolio                          
Investments in unconsolidated joint ventures:                          
Ownership %               40.00%          
Office building | Country Club Plaza                          
Investments in unconsolidated joint ventures:                          
Gain on sale of assets     $ 2,290                    
Office building | Country Club Plaza | Joint venture                          
Investments in unconsolidated joint ventures:                          
Proceeds from sale of building     78,000                    
Gain on sale of assets     $ 4,580                    
Office building | Fashion District Philadelphia—Various Entities                          
Investments in unconsolidated joint ventures:                          
Gain on sale of assets   $ 6,539                      
Office building | Fashion District Philadelphia—Various Entities | Joint venture                          
Investments in unconsolidated joint ventures:                          
Proceeds from sale of building   61,500                      
Gain on sale of assets   $ 13,078                      
XML 76 R60.htm IDEA: XBRL DOCUMENT v3.8.0.1
Investments in Unconsolidated Joint Ventures - Financial Results (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Assets:      
Property, net $ 9,052,105 $ 9,176,642  
Other assets 635,838 614,607  
Total assets 9,687,943 9,791,249  
Liabilities and partners' capital:      
Mortgage and other notes payable 5,296,594 5,224,713  
Other liabilities 405,052 403,369  
Company's capital 2,188,057 2,279,819  
Outside partners' capital 1,798,240 1,883,348  
Total liabilities and partners' capital 9,687,943 9,791,249  
Investment in unconsolidated joint ventures:      
Company's capital 2,188,057 2,279,819  
Basis adjustment (562,021) (584,887)  
Investments in unconsolidated joint ventures 1,626,036 1,694,932  
Assets—Investments in unconsolidated joint ventures 1,709,522 1,773,558  
Liabilities—Distributions in excess of investments in unconsolidated joint ventures (83,486) (78,626)  
Investments in unconsolidated joint ventures 1,626,036 1,694,932  
Total assets 9,687,943 9,791,249  
Amortization of difference between cost of investments and book value of underlying equity 16,562 17,610 $ 5,619
Revenues:      
Minimum rents 636,182 600,284 315,093
Percentage rents 18,916 20,917 15,757
Tenant recoveries 235,634 235,144 137,467
Other 57,726 56,240 35,113
Total revenues 948,458 912,585 503,430
Expenses:      
Shopping center and operating expenses 284,611 274,508 172,647
Interest expense 198,767 187,669 88,727
Depreciation and amortization 352,546 360,378 150,626
Total operating expenses 835,924 822,555 412,000
(Loss) gain on sale of assets 33,825 (375) 9,850
Loss on extinguishment of debt     (3)
Net (loss) income 146,359 89,655 101,277
Company's equity in net (loss) income 85,546 56,941 45,164
Pacific Premier Retail LP      
Revenues:      
Minimum rents 134,450 129,145 21,172
Percentage rents 5,050 5,437 2,569
Tenant recoveries 46,575 47,856 8,408
Other 5,959 6,303 1,182
Total revenues 192,034 188,741 33,331
Expenses:      
Shopping center and operating expenses 41,340 39,804 6,852
Interest expense 67,053 64,626 10,448
Depreciation and amortization 101,625 108,880 16,919
Total operating expenses 210,018 213,310 34,219
(Loss) gain on sale of assets (36) 0 0
Loss on extinguishment of debt     0
Net (loss) income (18,020) (24,569) (888)
Company's equity in net (loss) income (453) (3,088) 1,409
Other Joint Ventures      
Revenues:      
Minimum rents 501,732 471,139 293,921
Percentage rents 13,866 15,480 13,188
Tenant recoveries 189,059 187,288 129,059
Other 51,767 49,937 33,931
Total revenues 756,424 723,844 470,099
Expenses:      
Shopping center and operating expenses 243,271 234,704 165,795
Interest expense 131,714 123,043 78,279
Depreciation and amortization 250,921 251,498 133,707
Total operating expenses 625,906 609,245 377,781
(Loss) gain on sale of assets 33,861 (375) 9,850
Loss on extinguishment of debt     (3)
Net (loss) income 164,379 114,224 102,165
Company's equity in net (loss) income 85,999 60,029 43,755
Northwestern Mutual Life (NML)      
Investment in unconsolidated joint ventures:      
Mortgage notes payable to affiliate 482,332 265,863  
Interest expense on borrowings from related party 17,898 16,898 $ 29,372
Pacific Premier Retail LLC—Various Properties      
Assets:      
Total assets 3,106,105 3,179,255  
Investment in unconsolidated joint ventures:      
Total assets 3,106,105 3,179,255  
Total liabilities $ 1,872,227 $ 1,887,952  
XML 77 R61.htm IDEA: XBRL DOCUMENT v3.8.0.1
Derivative Instruments and Hedging Activities (Details) - USD ($)
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]      
Interest rate cap $ (42,000) $ 0 $ 0
Interest rate cap      
Derivatives, Fair Value [Line Items]      
Notional Amount $ 300,000,000    
LIBOR Rate 4.00%    
Fair Value $ 11,000    
XML 78 R62.htm IDEA: XBRL DOCUMENT v3.8.0.1
Property, net - Components of Property (Details) - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Property, Plant and Equipment [Abstract]    
Land $ 1,567,152 $ 1,607,590
Buildings and improvements 6,385,035 6,511,741
Tenant improvements 620,352 622,878
Equipment and furnishings 187,998 177,036
Construction in progress 366,996 289,966
Total 9,127,533 9,209,211
Less accumulated depreciation (2,018,303) (1,851,901)
Property, net $ 7,109,230 $ 7,357,310
XML 79 R63.htm IDEA: XBRL DOCUMENT v3.8.0.1
Property, net - Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Nov. 16, 2017
Jan. 18, 2017
May 31, 2016
Apr. 13, 2016
Jan. 14, 2016
Jan. 06, 2016
Nov. 19, 2015
Oct. 30, 2015
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Property, Plant and Equipment [Abstract]                      
Depreciation expense                 $ 277,917 $ 277,270 $ 354,977
Property, Plant and Equipment [Line Items]                      
Gain on land sales                 1,564 4,546 1,807
Gain (loss) on sale or write down of assets, net                 42,446 415,348 378,248
Write down of non-real estate investment assets                 10,138    
Write-off of development cost                 1,046 1,538  
Gain (loss) on sale of assets                 33,825 (375) 9,850
Gain on sale of assets                 42,446 415,348 378,248
Impairment of real estate                 $ (22,108) (39,671) (9,963)
Contingent settlement payment                   (12,180)  
Loss on write-off of development costs                     (852)
Cascade and Northgate Malls                      
Property, Plant and Equipment [Line Items]                      
Gain on disposal   $ 59,577                  
500 North Michigan Avenue                      
Property, Plant and Equipment [Line Items]                      
Gain on disposal $ 14,597                    
Arrowhead Towne Center                      
Property, Plant and Equipment [Line Items]                      
Gain (loss) on sale of assets                   $ 101,629  
Percentage of ownership interest sold                   40.00%  
Arrowhead Towne Center | Joint venture                      
Property, Plant and Equipment [Line Items]                      
Gain on sale of assets           $ 101,629          
MAC Heitman Portfolio                      
Property, Plant and Equipment [Line Items]                      
Percentage of ownership interest sold                   49.00%  
MAC Heitman Portfolio | Joint venture                      
Property, Plant and Equipment [Line Items]                      
Gain on sale of assets         $ 340,734            
Capitola Mall                      
Property, Plant and Equipment [Line Items]                      
Gain on disposal       $ 24,894              
Gain (loss) on sale or write down of assets, net                   $ 24,894  
PPR Portfolio                      
Property, Plant and Equipment [Line Items]                      
Gain (loss) on sale of assets               $ 311,194      
Percentage of ownership interest sold                   40.00%  
Gain on sale of assets                   $ 2,336
Mervyn's (former locations)                      
Property, Plant and Equipment [Line Items]                      
Gain on disposal     $ (3,066)                
Gain (loss) on sale or write down of assets, net                   $ (3,066)  
Panorama Mall                      
Property, Plant and Equipment [Line Items]                      
Gain on disposal             $ 73,726        
XML 80 R64.htm IDEA: XBRL DOCUMENT v3.8.0.1
Property, net - Assets Measured on a Nonrecurring Basis (Details) - Nonrecurring - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Total Fair Value Measurement $ 38,000 $ 86,100 $ 49,700
(Level 1)      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Total Fair Value Measurement 0 0 0
(Level 2)      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Total Fair Value Measurement 38,000 0 6,200
(Level 3)      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Total Fair Value Measurement $ 0 $ 86,100 $ 43,500
XML 81 R65.htm IDEA: XBRL DOCUMENT v3.8.0.1
Property, net - Quantitative Information, Unobservable Inputs (Details) - (Level 3)
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Terminal capitalization rate   9.00%
Discount rate   9.50%
Minimum    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Terminal capitalization rate 7.00%  
Discount rate 8.00%  
Market rents per square foot 2.00 5.00
Maximum    
Fair Value Inputs, Assets, Quantitative Information [Line Items]    
Terminal capitalization rate 10.00%  
Discount rate 15.00%  
Market rents per square foot 20.00 150.00
XML 82 R66.htm IDEA: XBRL DOCUMENT v3.8.0.1
Tenant and Other Receivables, net (Details)
ft² in Thousands, $ in Thousands
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Mar. 17, 2014
USD ($)
ft²
Components of tenant and other receivables, net      
Allowance for doubtful accounts $ 2,786 $ 1,991  
Deferred rent receivables due to straight-line rent adjustments 61,859 56,761  
Lake Square Mall      
Components of tenant and other receivables, net      
Property square footage | ft²     559
Accrued percentage rents      
Components of tenant and other receivables, net      
Accounts receivable $ 8,711 $ 9,509  
LSM Note A      
Components of tenant and other receivables, net      
Notes receivable     $ 6,500
Notes receivable interest rate (as a percent)     6.50%
LSM Note B      
Components of tenant and other receivables, net      
Notes receivable     $ 3,103
Notes receivable interest rate (as a percent)     5.00%
XML 83 R67.htm IDEA: XBRL DOCUMENT v3.8.0.1
Deferred Charges and Other Assets, net - Schedule of deferred charges and other assets, net (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]      
Leasing $ 232,819 $ 239,983  
Intangible assets:      
In-place lease values 108,432 140,437  
Leasing commissions and legal costs 25,958 32,384  
Above-market leases 164,040 181,851  
Deferred tax assets 29,006 38,301  
Deferred compensation plan assets 52,221 42,711  
Finite-Lived Intangible Assets [Line Items]      
Other assets 66,990 72,206  
Deferred charges and other assets, gross 710,616 747,873  
Less accumulated amortization (261,426) (269,815)  
Deferred charges and other assets, net 449,190 478,058  
In-place lease values, leasing commissions and legal costs      
Finite-Lived Intangible Assets [Line Items]      
Accumulated amortization 74,507 88,785  
Amortization expense 19,988 33,048 $ 69,460
Freehold Raceway Mall and Chandler Fashion Center | Joint venture      
Finite-Lived Intangible Assets [Line Items]      
Distributions in excess of co-venture obligation $ 31,150 $ 0  
XML 84 R68.htm IDEA: XBRL DOCUMENT v3.8.0.1
Deferred Charges and Other Assets, net - Schedule of estimated amortization of intangible assets for the next five years and thereafter (Details)
$ in Thousands
Dec. 31, 2017
USD ($)
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
2018 $ 13,165
2019 11,115
2020 8,418
2021 6,866
2022 5,136
Thereafter 15,183
Allocated value net $ 59,883
XML 85 R69.htm IDEA: XBRL DOCUMENT v3.8.0.1
Deferred Charges and Other Assets, net - Allocated values of above-market leases and below-market leases (Details) - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Above-Market Leases    
Allocated value net $ 59,883  
Above Market    
Above-Market Leases    
Original allocated value 164,040 $ 181,851
Less accumulated amortization (60,210) (57,505)
Allocated value net 103,830 124,346
Below Market    
Below-Market Leases    
Original allocated value 120,573 144,713
Less accumulated amortization (55,489) (58,400)
Allocated value, net $ 65,084 $ 86,313
XML 86 R70.htm IDEA: XBRL DOCUMENT v3.8.0.1
Deferred Charges and Other Assets, net - Schedule of estimated amortization of allocated values of above and below-market leases for the next five years and thereafter (Details) - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Above Market    
2018 $ 13,165  
2019 11,115  
2020 8,418  
2021 6,866  
2022 5,136  
Thereafter 15,183  
Allocated value net 59,883  
Above Market    
Above Market    
2018 11,109  
2019 9,265  
2020 8,088  
2021 6,944  
2022 5,370  
Thereafter 63,054  
Allocated value net 103,830 $ 124,346
Below Market    
Below Market    
2017 11,657  
2018 10,400  
2019 8,016  
2020 6,286  
2021 5,201  
Thereafter 23,524  
Allocated value, net $ 65,084 $ 86,313
XML 87 R71.htm IDEA: XBRL DOCUMENT v3.8.0.1
Mortgage Notes Payable - Schedule of Mortgage Notes Payable (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Mortgage loans payable on real estate    
Carrying amount of mortgage notes, related party $ 171,569 $ 176,442
Carrying amount of mortgage notes, other 4,066,511 3,908,976
Chandler Fashion Center    
Mortgage loans payable on real estate    
Carrying amount of mortgage notes, related party 0 0
Carrying amount of mortgage notes, other $ 199,904 199,833
Effective interest rate (as a percent) 3.77%  
Monthly debt service $ 625  
Danbury Fair Mall    
Mortgage loans payable on real estate    
Carrying amount of mortgage notes, related party 104,599 107,929
Carrying amount of mortgage notes, other $ 104,598 107,928
Effective interest rate (as a percent) 5.53%  
Monthly debt service $ 1,538  
Fashion Outlets of Chicago    
Mortgage loans payable on real estate    
Carrying amount of mortgage notes, related party 0 0
Carrying amount of mortgage notes, other $ 199,298 198,966
Effective interest rate (as a percent) 3.02%  
Monthly debt service $ 477  
Fashion Outlets of Niagara Falls USA    
Mortgage loans payable on real estate    
Carrying amount of mortgage notes, related party 0 0
Carrying amount of mortgage notes, other $ 112,770 115,762
Effective interest rate (as a percent) 4.89%  
Monthly debt service $ 727  
Freehold Raceway Mall    
Mortgage loans payable on real estate    
Carrying amount of mortgage notes, related party 0 0
Carrying amount of mortgage notes, other 398,050 $ 220,643
Effective interest rate (as a percent)   3.94%
Monthly debt service 1,300  
Fresno Fashion Fair    
Mortgage loans payable on real estate    
Carrying amount of mortgage notes, related party 0 $ 0
Carrying amount of mortgage notes, other $ 323,261 323,062
Effective interest rate (as a percent) 3.67%  
Monthly debt service $ 971  
Green Acres Commons    
Mortgage loans payable on real estate    
Carrying amount of mortgage notes, related party 0 0
Carrying amount of mortgage notes, other $ 107,219 0
Effective interest rate (as a percent) 4.07%  
Monthly debt service $ 322  
Green Acres Mall    
Mortgage loans payable on real estate    
Carrying amount of mortgage notes, related party 0 0
Carrying amount of mortgage notes, other $ 291,366 297,798
Effective interest rate (as a percent) 3.61%  
Monthly debt service $ 1,447  
Kings Plaza Shopping Center    
Mortgage loans payable on real estate    
Carrying amount of mortgage notes, related party 0 0
Carrying amount of mortgage notes, other $ 447,231 456,958
Effective interest rate (as a percent) 3.67%  
Monthly debt service $ 2,229  
Northgate Mall    
Mortgage loans payable on real estate    
Carrying amount of mortgage notes, related party 0 0
Carrying amount of mortgage notes, other $ 0 63,434
Effective interest rate (as a percent)  
Monthly debt service  
Oaks, The    
Mortgage loans payable on real estate    
Carrying amount of mortgage notes, related party 0 0
Carrying amount of mortgage notes, other $ 196,732 201,235
Effective interest rate (as a percent) 4.14%  
Monthly debt service $ 1,064  
Pacific View    
Mortgage loans payable on real estate    
Carrying amount of mortgage notes, related party 0 0
Carrying amount of mortgage notes, other $ 124,397 127,311
Effective interest rate (as a percent) 4.08%  
Monthly debt service $ 668  
Queens Center    
Mortgage loans payable on real estate    
Carrying amount of mortgage notes, related party 0 0
Carrying amount of mortgage notes, other $ 600,000 600,000
Effective interest rate (as a percent) 3.49%  
Monthly debt service $ 1,744  
Santa Monica Place    
Mortgage loans payable on real estate    
Carrying amount of mortgage notes, related party 0 0
Carrying amount of mortgage notes, other $ 296,366 219,564
Effective interest rate (as a percent) 3.13%  
Monthly debt service $ 706  
SanTan Village Regional Center    
Mortgage loans payable on real estate    
Carrying amount of mortgage notes, related party 0 0
Carrying amount of mortgage notes, other $ 124,703 127,724
Effective interest rate (as a percent) 3.14%  
Monthly debt service $ 589  
Stonewood Center    
Mortgage loans payable on real estate    
Carrying amount of mortgage notes, related party 0 0
Carrying amount of mortgage notes, other $ 0 99,520
Effective interest rate (as a percent)  
Monthly debt service  
Towne Mall    
Mortgage loans payable on real estate    
Carrying amount of mortgage notes, related party 0 0
Carrying amount of mortgage notes, other $ 21,161 21,570
Effective interest rate (as a percent) 4.48%  
Monthly debt service $ 117  
Tucson La Encantada    
Mortgage loans payable on real estate    
Carrying amount of mortgage notes, related party 66,970 68,513
Carrying amount of mortgage notes, other $ 0 0
Effective interest rate (as a percent) 4.23%  
Monthly debt service $ 368  
Victor Valley, Mall of    
Mortgage loans payable on real estate    
Carrying amount of mortgage notes, related party 0 0
Carrying amount of mortgage notes, other $ 114,617 114,559
Effective interest rate (as a percent) 4.00%  
Monthly debt service $ 380  
Vintage Faire Mall    
Mortgage loans payable on real estate    
Carrying amount of mortgage notes, related party 0 0
Carrying amount of mortgage notes, other $ 263,818 269,228
Effective interest rate (as a percent) 3.55%  
Monthly debt service $ 1,256  
Westside Pavilion    
Mortgage loans payable on real estate    
Carrying amount of mortgage notes, related party 0 0
Carrying amount of mortgage notes, other $ 141,020 $ 143,881
Effective interest rate (as a percent) 4.49%  
Monthly debt service $ 783  
XML 88 R72.htm IDEA: XBRL DOCUMENT v3.8.0.1
Mortgage Notes Payable - Premiums and Discounts (Details) - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Mortgage loans payable on real estate    
Debt premiums (discounts), net $ 2,630 $ 5,907
Fashion Outlets of Niagara Falls USA    
Mortgage loans payable on real estate    
Debt premiums 2,630 3,558
Stonewood Center    
Mortgage loans payable on real estate    
Debt premiums $ 0 $ 2,349
XML 89 R73.htm IDEA: XBRL DOCUMENT v3.8.0.1
Mortgage Notes Payable - Footnotes (Details)
 12 Months Ended
Dec. 04, 2017
USD ($)
extension_periods
Dec. 31, 2017
USD ($)
Oct. 19, 2017
USD ($)
Sep. 29, 2017
USD ($)
Dec. 31, 2016
USD ($)
Debt Disclosure [Abstract]          
Unamortized deferred finance costs   $ 17,838,000     $ 12,716,000
Fashion Outlets of Chicago          
Mortgage loans payable on real estate          
Effective interest rate (as a percent)   3.02%      
Freehold Raceway Mall          
Mortgage loans payable on real estate          
Effective interest rate (as a percent)         3.94%
Green Acres Commons          
Mortgage loans payable on real estate          
Effective interest rate (as a percent)   4.07%      
Santa Monica Place          
Mortgage loans payable on real estate          
Effective interest rate (as a percent)   3.13%      
Freehold Raceway Mall and Chandler Fashion Center          
Mortgage loans payable on real estate          
Interest in the loan assumed by a third party (as a percent)   49.90%      
Fashion Outlets of Chicago          
Mortgage loans payable on real estate          
Variable interest rate spread (as a percent)   1.50%      
Effective interest rate (as a percent)         2.43%
Freehold Raceway Mall | Joint venture          
Mortgage loans payable on real estate          
Mortgage loan     $ 400,000,000    
Green Acres Commons          
Mortgage loans payable on real estate          
Variable interest rate spread (as a percent)   2.15%      
Mortgage loan       $ 110,000,000  
Loan expansion, up to       $ 130,000,000  
Santa Monica Place          
Mortgage loans payable on real estate          
Variable interest rate spread (as a percent) 1.35%        
1 year extensions options | extension_periods 3        
Mortgage loan $ 300,000,000        
Santa Monica Place | Maximum          
Mortgage loans payable on real estate          
Variable interest rate spread (as a percent) 4.00%        
XML 90 R74.htm IDEA: XBRL DOCUMENT v3.8.0.1
Mortgage Notes Payable - Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Debt Disclosure [Abstract]      
Interest expense capitalized $ 13,160 $ 10,316 $ 13,052
Fair value of mortgage notes payable $ 4,250,816 $ 4,126,819  
XML 91 R75.htm IDEA: XBRL DOCUMENT v3.8.0.1
Mortgage Notes Payable - Future Maturities (Details) - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Mortgage loans payable on real estate    
Debt premium $ 2,630 $ 5,907
Deferred finance cost (17,838) (12,716)
Total 4,238,080 $ 4,085,418
Mortgage notes payable    
Mortgage loans payable on real estate    
2018 49,800  
2019 796,591  
2020 528,456  
2021 401,733  
2022 802,552  
Thereafter 1,674,156  
Long term debt including debt premium 4,253,288  
Debt premium 2,630  
Total $ 4,238,080  
XML 92 R76.htm IDEA: XBRL DOCUMENT v3.8.0.1
Bank and Other Notes Payable - Narrative (Details) - USD ($)
 12 Months Ended
Oct. 23, 2015
Mar. 29, 2013
Dec. 08, 2011
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Bank and other notes payable            
Deferred finance cost       $ (17,838,000) $ (12,716,000)  
Loss on extinguishment of debt $ 578,000     0 (1,709,000) $ (1,487,000)
Line of Credit            
Bank and other notes payable            
Line of credit       $ 1,500,000,000    
Extension option term       1 year    
Maximum contingent borrowing capacity       $ 2,000,000,000    
Line of credit       935,000,000 885,000,000  
Deferred finance cost       $ (7,548,000) $ (10,039,000)  
Average interest rate (as a percent)       3.13% 2.40%  
Line of Credit | Level 2            
Bank and other notes payable            
Fair value of line of credit       $ 919,158,000 $ 865,921,000  
Line of Credit | LIBOR            
Bank and other notes payable            
Variable interest rate spread (as a percent)       1.45%    
Line of Credit | LIBOR | Low end of range            
Bank and other notes payable            
Variable interest rate spread (as a percent)       1.30%    
Line of Credit | LIBOR | High end of range            
Bank and other notes payable            
Variable interest rate spread (as a percent)       1.90%    
Term Loan            
Bank and other notes payable            
Debt issued     $ 125,000,000      
Term Loan | LIBOR | Low end of range            
Bank and other notes payable            
Variable interest rate spread (as a percent)     1.95%      
Term Loan | LIBOR | High end of range            
Bank and other notes payable            
Variable interest rate spread (as a percent)     3.20%      
Prasada Note            
Bank and other notes payable            
Debt issued   $ 13,330,000        
Interest rate on debt (as a percent)   5.25%        
Carrying value of term loan       $ 4,732,000 5,521,000  
Estimated fair value of term loan       $ 4,717,000 $ 5,786,000  
XML 93 R77.htm IDEA: XBRL DOCUMENT v3.8.0.1
Bank and Other Notes Payable - Future Maturities (Details) - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Mortgage loans payable on real estate    
Deferred finance cost $ (17,838) $ (12,716)
Bank and other notes payable    
Mortgage loans payable on real estate    
2018 830  
2019 875  
2020 922  
2021 937,105  
Long term debt including debt premium 939,732  
Deferred finance cost (7,548)  
Long-term debt $ 932,184  
XML 94 R78.htm IDEA: XBRL DOCUMENT v3.8.0.1
Co-Venture Arrangement - Narrative (Details)
ft² in Thousands
Sep. 30, 2009
USD ($)
ft²
Dec. 31, 2017
USD ($)
Oct. 19, 2017
USD ($)
Dec. 31, 2016
USD ($)
Co-Venture Arrangement        
Co-venture obligation   $ 0   $ 58,973,000
Freehold Raceway Mall loan | Joint venture        
Co-Venture Arrangement        
Mortgage loan     $ 400,000,000  
Freehold Raceway Mall and Chandler Fashion Center        
Co-Venture Arrangement        
Ownership interest (as a percent) 49.90%      
Co-venture obligation $ 168,154,000      
Freehold Raceway Mall        
Co-Venture Arrangement        
Property square footage | ft² 1,671      
Chandler Fashion Center        
Co-Venture Arrangement        
Property square footage | ft² 1,318      
XML 95 R79.htm IDEA: XBRL DOCUMENT v3.8.0.1
Co-Venture Arrangement - Schedule of Co-venture Assets and Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Co-Venture Arrangement    
Liability—Co-venture obligation $ 0 $ 58,973
Freehold Raceway Mall and Chandler Fashion Center | Joint venture    
Co-Venture Arrangement    
Investments in unconsolidated joint ventures $ 31,150 0
Liability—Co-venture obligation   $ 58,973
XML 96 R80.htm IDEA: XBRL DOCUMENT v3.8.0.1
Noncontrolling Interests (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Aug. 20, 2014
Noncontrolling Interest [Line Items]      
Limited partnership interest of the operating partnership (as a percent) 7.00% 7.00%  
Common stock, par value (in dollars per share) $ 0.01 $ 0.01 $ 0.01
Number of trading days used to calculate redemption value 10 days    
Redemption value of outstanding OP Units not owned by the Company $ 671,592 $ 733,141  
The Macerich Partnership, L.P.      
Noncontrolling Interest [Line Items]      
Ownership interest in operating partnership (as a percent) 93.00% 93.00%  
XML 97 R81.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stockholders' Equity (Details)
 2 Months Ended 12 Months Ended
Jul. 11, 2016
shares
May 09, 2016
USD ($)
shares
Apr. 19, 2016
shares
Feb. 17, 2016
USD ($)
shares
Jan. 19, 2016
shares
Nov. 12, 2015
USD ($)
$ / shares
shares
Oct. 30, 2015
dividend
$ / shares
Jul. 11, 2016
$ / shares
shares
Apr. 19, 2016
$ / shares
shares
Jan. 19, 2016
$ / shares
shares
Dec. 31, 2017
$ / shares
Dec. 31, 2016
$ / shares
Dec. 31, 2015
$ / shares
Sep. 30, 2015
USD ($)
Aug. 20, 2014
USD ($)
$ / shares
Class of Warrant or Right [Line Items]                              
Authorized amount for stock repurchase program   $ 400,000,000   $ 400,000,000   $ 400,000,000                  
Authorized amount for accelerated stock repurchase program   $ 400,000,000   $ 400,000,000   $ 400,000,000                  
Accelerated share repurchased, number of shares purchased (shares) | shares 1,104,162 3,964,812 861,235 4,222,193 970,609 4,140,788   5,068,974.000 5,083,428 5,111,397          
Average price per share paid for stock repurchased for accelerated stock repurchases (in dollars per share) | $ / shares               $ 78.91 $ 78.69 $ 78.26          
Number of dividends declared | dividend             2                
Dividends declared for common stock (in dollars per share) | $ / shares           $ 2.00 $ 2.00       $ 2.87 $ 2.75 $ 6.63    
Par value of common stock (in dollars per share) | $ / shares                     $ 0.01 $ 0.01     $ 0.01
Maximum price of common stock available to be issued                             $ 500,000,000
2015 Stock Buyback Program                              
Class of Warrant or Right [Line Items]                              
Authorized amount for stock repurchase program                           $ 1,200,000,000  
XML 98 R82.htm IDEA: XBRL DOCUMENT v3.8.0.1
Acquisitions - Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Aug. 19, 2016
Feb. 17, 2015
Oct. 31, 2014
Dec. 31, 2016
Acquisition        
Contingent settlement payment       $ (12,180)
Fashion Outlets of Chicago | Joint venture        
Acquisition        
Purchase price     $ 69,987  
Contingent settlement payment $ 23,800      
Inland Center        
Acquisition        
Purchase price   $ 51,250    
Additional ownership interest (as a percent)   50.00%    
Purchase price funded by cash payment on acquisition   $ 26,250    
Acquisition of properties by assumption of mortgage note payable and other accrued liabilities   $ 25,000    
Ownership percentage at completion of acquisition (as a percent)   100.00%    
XML 99 R83.htm IDEA: XBRL DOCUMENT v3.8.0.1
Acquisitions - Allocation of Fair Value (Details) - Inland Center
$ in Thousands
Feb. 17, 2015
USD ($)
Acquisition  
Property $ 91,871
Deferred charges 9,752
Other assets 5,782
Total assets acquired 107,405
Mortgage notes payable 50,000
Other accrued liabilities 4,905
Total liabilities assumed 54,905
Fair value of acquired net assets (at 100% ownership) $ 52,500
Ownership percentage at completion of acquisition (as a percent) 100.00%
XML 100 R84.htm IDEA: XBRL DOCUMENT v3.8.0.1
Acquisitions - Gain (Loss) on Remeasurement (Details) - USD ($)
$ in Thousands
 12 Months Ended
Feb. 17, 2015
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Nov. 14, 2014
Acquisition          
Carrying value of investment   $ (1,709,522) $ (1,773,558)    
Gain on remeasurement of assets   $ 0 $ 0 $ 22,089  
Inland Center          
Acquisition          
Fair value of existing ownership interest $ 26,250        
Carrying value of investment (4,161)        
Gain on remeasurement of assets $ 22,089        
Fair value of existing ownership interest (as a percent)         50.00%
XML 101 R85.htm IDEA: XBRL DOCUMENT v3.8.0.1
Acquisitions - Reconciliation of Purchase Price to Fair Value (Details) - USD ($)
$ in Thousands
 12 Months Ended
Feb. 17, 2015
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Nov. 14, 2014
Acquisition          
Investments in unconsolidated joint ventures   $ 1,709,522 $ 1,773,558    
Gain on remeasurement of assets   $ 0 $ 0 $ 22,089  
PPRLP Queens Portfolio [Member]          
Acquisition          
Ownership percentage at completion of acquisition (as a percent)         100.00%
Inland Center          
Acquisition          
Purchase price $ 51,250        
Less debt assumed (25,000)        
Investments in unconsolidated joint ventures 4,161        
Gain on remeasurement of assets 22,089        
Fair value of acquired net assets (at 100% ownership) $ 52,500        
Ownership percentage at completion of acquisition (as a percent) 100.00%        
XML 102 R86.htm IDEA: XBRL DOCUMENT v3.8.0.1
Dispositions (Details)
ft² in Thousands, $ in Thousands
 12 Months Ended
Nov. 16, 2017
USD ($)
ft²
Jan. 18, 2017
USD ($)
ft²
Jul. 15, 2016
USD ($)
ft²
May 31, 2016
USD ($)
Apr. 13, 2016
USD ($)
ft²
Nov. 19, 2015
USD ($)
ft²
Oct. 23, 2015
USD ($)
Jun. 30, 2015
USD ($)
ft²
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Gain (loss) on extinguishment of debt             $ (578)   $ 0 $ 1,709 $ 1,487
Flagstaff Mall                      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Gain (loss) on extinguishment of debt     $ 5,284                
Great Northern Mall                      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Property square footage | ft²               895      
Great Northern Mall | Great Northern Mall                      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Gain (loss) on extinguishment of debt               $ (1,627)      
Panorama Mall                      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Property square footage | ft²           312          
Proceeds from sale           $ 98,000          
Gain (loss) on disposal           $ 73,726          
Capitola Mall                      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Property square footage | ft²         586            
Proceeds from sale         $ 93,000            
Gain (loss) on disposal         $ 24,894            
Mervyn's (former locations)                      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Proceeds from sale       $ 3,200              
Gain (loss) on disposal       $ (3,066)              
Flagstaff Mall                      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Property square footage | ft²     347                
Cascade Mall                      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Property square footage | ft²   589                  
Northgate Mall                      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Property square footage | ft²   750                  
Cascade and Northgate Malls                      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Proceeds from sale   $ 170,000                  
Gain (loss) on disposal   $ 59,577                  
500 North Michigan Avenue                      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                      
Property square footage | ft² 326                    
Proceeds from sale $ 86,350                    
Gain (loss) on disposal $ 14,597                    
XML 103 R87.htm IDEA: XBRL DOCUMENT v3.8.0.1
Future Rental Revenues (Details)
$ in Thousands
Dec. 31, 2017
USD ($)
Leases [Abstract]  
2018 $ 508,750
2019 432,248
2020 386,803
2021 332,080
2022 283,600
Thereafter 850,735
Total $ 2,794,216
XML 104 R88.htm IDEA: XBRL DOCUMENT v3.8.0.1
Commitments and Contingencies - Narrative (Details) - USD ($)
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]      
Ground rent expenses $ 18,499,000 $ 16,495,000 $ 17,938,000
Contingent liability under letters of credit 60,588,000    
Outstanding obligations under construction agreements 40,121,000    
Contingent rent incurred $ 0 $ 0 $ 0
XML 105 R89.htm IDEA: XBRL DOCUMENT v3.8.0.1
Commitments and Contingencies - Schedule of future minimum rental payments by the Company (Details)
$ in Thousands
Dec. 31, 2017
USD ($)
Commitments and Contingencies Disclosure [Abstract]  
2018 $ 10,461
2019 9,334
2020 9,351
2021 8,999
2022 9,021
Thereafter 208,184
Total minimum future payments $ 255,350
XML 106 R90.htm IDEA: XBRL DOCUMENT v3.8.0.1
Related Party Transactions - Schedule of fees charged to unconsolidated joint ventures (Details) - Unconsolidated joint ventures and third party managed properties - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Related Party Transaction [Line Items]      
Management fees $ 19,105 $ 17,937 $ 10,064
Development and leasing fees 15,558 13,907 9,615
Fees charged to unconsolidated joint ventures $ 34,663 $ 31,844 $ 19,679
XML 107 R91.htm IDEA: XBRL DOCUMENT v3.8.0.1
Related Party Transactions - Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Related Party Transaction [Line Items]      
Interest expense, related party $ 8,731 $ 8,973 $ 10,515
Due (to) from affiliates 82,162 68,227  
Related Parties Note Receivable, RED Consolidated Holdings, LLC      
Related Party Transaction [Line Items]      
Due (to) from affiliates $ 4,796 5,593  
Notes receivable interest rate 5.25%    
Interest earned $ 268 366 520
Northwestern Mutual Life (NML)      
Related Party Transaction [Line Items]      
Interest expense payable, related party 716 736  
Unconsolidated joint ventures      
Related Party Transaction [Line Items]      
Due (to) from affiliates 5,411 (6,809)  
Affiliated entity | Notes receivable | Fashion Outlets of San Francisco      
Related Party Transaction [Line Items]      
Interest earned 2,513 2,234 $ 1,872
Note receivable $ 71,955 $ 69,443  
Affiliated entity | Notes receivable | Fashion Outlets of San Francisco | LIBOR      
Related Party Transaction [Line Items]      
Notes receivable interest rate 2.00%    
XML 108 R92.htm IDEA: XBRL DOCUMENT v3.8.0.1
Share and Unit-based Plans - 2003 Equity Incentive Plan (Details) - 2003 Equity Incentive Plan
 12 Months Ended
Dec. 31, 2017
shares
Share and unit-based plans  
Term of award (in years) 10 years
Maximum shares authorized under plan (shares) 19,825,428
Shares available for issuance under plan (in shares) 6,176,479
XML 109 R93.htm IDEA: XBRL DOCUMENT v3.8.0.1
Share and Unit-based Plans - Stock Awards and Stock Units Roll Forward Activity (Details)
 12 Months Ended
Dec. 31, 2017
$ / shares
shares
Dec. 31, 2016
$ / shares
shares
Dec. 31, 2015
$ / shares
shares
Stock awards      
Shares or Units      
Balance at beginning of year (shares) | shares 0 1,612 9,189
Granted (shares) | shares 0 0 0
Vested (shares) | shares 0 (1,612) (7,577)
Balance at end of year (shares) | shares 0 0 1,612
Weighted Average Grant Date Fair Value      
Balance at beginning of year (in dollars per share) | $ / shares $ 0.00 $ 62.01 $ 59.25
Granted (in dollars per share) | $ / shares 0.00 0.00 0.00
Vested (in dollars per share) | $ / shares 0.00 62.01 58.67
Balance at end of year (in dollars per share) | $ / shares $ 0.00 $ 0.00 $ 62.01
Stock units      
Shares or Units      
Balance at beginning of year (shares) | shares 148,428 132,086 144,374
Granted (shares) | shares 86,827 85,601 77,282
Vested (shares) | shares (81,205) (69,259) (86,761)
Forfeited (shares) | shares (2,695) 0 (2,809)
Balance at end of year (shares) | shares 151,355 148,428 132,086
Weighted Average Grant Date Fair Value      
Balance at beginning of year (in dollars per share) | $ / shares $ 78.53 $ 74.58 $ 59.94
Granted (in dollars per share) | $ / shares 66.46 79.22 86.53
Vested (in dollars per share) | $ / shares 75.62 71.82 61.29
Forfeited (in dollars per share) | $ / shares 69.57 0.00 86.72
Balance at end of year (in dollars per share) | $ / shares $ 73.32 $ 78.53 $ 74.58
Number of common shares into which units can be converted (shares) 1    
XML 110 R94.htm IDEA: XBRL DOCUMENT v3.8.0.1
Share and Unit-based Plans - SARs Narrative (Details) - $ / shares
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Jan. 06, 2016
Dec. 31, 2015
Dec. 08, 2015
Dec. 07, 2015
Dec. 31, 2014
SARs              
Share and unit-based plans              
Term of award (in years) 10 years            
Grant date of award (in dollars per share) $ 9.67            
Volatility rate (as a percent) 25.85%            
Dividend yield (as a percent) 3.69%            
Risk free rate (as a percent) 1.20%            
Current value (in dollars per share) $ 59.57            
Expected term (in years) 8 years            
Stock appreciation units balance (shares) 235,439 284,146 427,968 417,783 417,783 407,823 772,639
Stock appreciation weighted average price (in dollars per share) $ 53.83 $ 53.85 $ 53.85 $ 55.13 $ 55.13 $ 56.49 $ 56.67
SARS granted prior to 2012              
Share and unit-based plans              
Grant date of award (in dollars per share) $ 7.68            
Volatility rate (as a percent) 22.52%            
Dividend yield (as a percent) 5.23%            
Risk free rate (as a percent) 3.15%            
Current value (in dollars per share) $ 61.17            
Expected term (in years) 8 years            
XML 111 R95.htm IDEA: XBRL DOCUMENT v3.8.0.1
Share and Unit-based Plans - SARs Roll Forward Activity (Details) - SARs - $ / shares
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Units      
Balance at beginning of year (shares) 284,146 417,783 772,639
Granted (shares) 0 0 0
Exercised (shares) (48,707) (143,822) (364,807)
Special dividend adjustment (shares) 0 10,185 9,951
Balance at end of year (shares) 235,439 284,146 417,783
Weighted Average Exercise Price (in dollars per share)      
Balance at beginning of year (in dollars per share) $ 53.85 $ 55.13 $ 56.67
Granted (in dollars per share) 0.00 0.00 0.00
Vested (in dollars per share) 53.95 53.73 56.86
Special dividend adjustment (in dollars per share) 0.00 53.88 55.13
Balance at end of year (in dollars per share) $ 53.83 $ 53.85 $ 55.13
XML 112 R96.htm IDEA: XBRL DOCUMENT v3.8.0.1
Share and Unit-based Plans - Long-Term Incentive Plan Units (Details)
 12 Months Ended
Jun. 01, 2017
$ / shares
shares
Mar. 03, 2017
$ / shares
shares
Jan. 01, 2017
$ / shares
shares
Mar. 04, 2016
$ / shares
shares
Jan. 07, 2016
Jan. 01, 2016
$ / shares
shares
Dec. 31, 2015
shares
Mar. 06, 2015
$ / shares
shares
Jan. 01, 2015
$ / shares
shares
Jan. 01, 2014
Dec. 31, 2017
$ / shares
shares
Dec. 31, 2016
$ / shares
shares
Dec. 31, 2015
$ / shares
shares
Stock units                          
Share and unit-based plans                          
Conversion rate                     1    
Granted (shares)                     86,827 85,601 77,282
Granted (in dollars per share) | $ / shares                     $ 66.46 $ 79.22 $ 86.53
Vested (shares)                     81,205 69,259 86,761
LTIP units                          
Share and unit-based plans                          
Conversion rate                     1    
Granted (shares)                     506,906 480,371 424,442
Granted (in dollars per share) | $ / shares                     $ 55.33 $ 65.00 $ 74.71
Absolute return requirement (shares)                   3.00%      
Risk free rate (as a percent) 1.45%   1.49%     1.32%     0.25%        
Volatility rate (as a percent) 21.40%   20.75%     20.31%     16.81%        
Level of percentile ranking at which awards vested (as a percent)         130.00%                
Vested (shares)             55,934       192,846 214,114 414,822
LTIP units | LTIP units that vest in equal installments over a service period ending December 31, 2018                          
Share and unit-based plans                          
Granted (shares) 1,522   66,079     58,786              
Granted (in dollars per share) | $ / shares $ 58.31   $ 70.84     $ 80.69              
LTIP units | Market-Indexed LTIP units that vest in equal installments over a service period ending December 31, 2018                          
Share and unit-based plans                          
Granted (shares) 6,714   297,849     266,899              
Granted (in dollars per share) | $ / shares $ 39.66   $ 47.15     $ 53.32              
LTIP units | LTIP units that are fully vested on the grant date                          
Share and unit-based plans                          
Granted (shares)   134,742   154,686                  
Granted (in dollars per share) | $ / shares   $ 66.57   $ 79.20                  
LTIP units | 2015 LTIP Units Series 1                          
Share and unit-based plans                          
Granted (shares)                 49,451        
Granted (in dollars per share) | $ / shares                 $ 83.41        
LTIP units | 2015 LTIP Units Series 2                          
Share and unit-based plans                          
Granted (shares)                 186,450        
Granted (in dollars per share) | $ / shares                 $ 66.37        
LTIP units | 2015 LTIP Units Series 3                          
Share and unit-based plans                          
Granted (shares)               132,607          
Granted (in dollars per share) | $ / shares               $ 86.72          
XML 113 R97.htm IDEA: XBRL DOCUMENT v3.8.0.1
Share and Unit-based Plans - LTIP Activity (Details) - LTIP units - $ / shares
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Units        
Balance at beginning of year (shares)   322,572 56,315 46,695
Granted (shares)   506,906 480,371 424,442
Vested (shares) (55,934) (192,846) (214,114) (414,822)
Forfeited (shares)   0 0 0
Balance at end of year (shares) 56,315 636,632 322,572 56,315
Weighted Average Grant Date Fair Value        
Balance at beginning of year (in dollars per share)   $ 58.18 $ 73.24 $ 58.89
Granted (in dollars per share)   55.33 65.00 74.71
Vested (in dollars per share)   69.93 77.45 73.13
Forfeited (in dollars per share)   0.00 0.00
Balance at end of year (in dollars per share) $ 73.24 $ 52.36 $ 58.18 $ 73.24
XML 114 R98.htm IDEA: XBRL DOCUMENT v3.8.0.1
Share and Unit-based Plans - Stock Options Narrative (Details) - $ / shares
 12 Months Ended
May 30, 2017
Dec. 31, 2012
Dec. 31, 2017
Dec. 31, 2016
Jan. 06, 2016
Dec. 31, 2015
Dec. 09, 2015
Dec. 08, 2015
Dec. 31, 2014
Stock options                  
Share and unit-based plans                  
Grant date of award (in dollars per share)   $ 9.67              
Volatility rate (as a percent)   25.85%              
Dividend yield (as a percent)   3.69%              
Risk free rate (as a percent)   1.20%              
Current value (in dollars per share)   $ 59.57              
Expected term (in years)   8 years              
Stock options, outstanding, number (shares)     35,565 10,565 10,565 10,314 10,314 10,068 10,068
Stock options, outstanding, weighted average exercise price (in dollars per share)     $ 57.32 $ 56.77 $ 56.77 $ 58.15 $ 58.15 $ 59.57 $ 59.57
Non-qualified stock options                  
Share and unit-based plans                  
Volatility rate (as a percent) 30.19%                
Dividend yield (as a percent) 4.93%                
Risk free rate (as a percent) 2.08%                
Expected term (in years) 8 years                
Granted (shares) 25,000                
Granted (in dollars per share) $ 10.02                
Share Price $ 57.55                
XML 115 R99.htm IDEA: XBRL DOCUMENT v3.8.0.1
Share and Unit-based Plans - Stock Option Activity (Details) - Stock options - $ / shares
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Options      
Balance at beginning of year (shares) 10,565 10,314 10,068
Granted (shares) 25,000 0 0
Exercised (in shares) 0 0 0
Special dividend adjustment (shares) 0 251 246
Balance at end of year (shares) 35,565 10,565 10,314
Weighted Average Exercise Price (in dollars per share)      
Balance at beginning of year (in dollars per share) $ 56.77 $ 58.15 $ 59.57
Granted (in dollars per share) 57.55 0.00 0.00
Exercised (in dollars per share) 0.00 0.00 0.00
Special dividend adjustment (in dollars per share) 0.00 56.77 58.15
Balance at end of year (in dollars per share) $ 57.32 $ 56.77 $ 58.15
XML 116 R100.htm IDEA: XBRL DOCUMENT v3.8.0.1
Share and Unit-based Plans - Directors' Phantom Stock Plan (Details)
 12 Months Ended
Dec. 31, 2017
$ / shares
shares
Dec. 31, 2016
$ / shares
shares
Dec. 31, 2015
$ / shares
shares
Phantom stock units      
Share and unit-based plans      
Number of common shares into which units can be converted (shares) 1    
Units      
Balance at beginning of year (shares) 5,845 0 9,269
Granted (shares) 8,760 21,088 13,351
Vested (shares) (10,551) (15,243) (20,162)
Forfeited (shares) 0 0 (2,458)
Balance at end of year (shares) 4,054 5,845 0
Weighted Average Grant Date Fair Value (in dollars per share)      
Balance at beginning of year (in dollars per share) | $ / shares $ 81.47 $ 0.00 $ 58.35
Granted (in dollars per share) | $ / shares 68.93 80.21 78.72
Vested (in dollars per share) | $ / shares 71.69 79.73 72.17
Forfeited (in dollars per share) | $ / shares 0.00 0.00 55.62
Balance at end of year (in dollars per share) | $ / shares $ 79.82 $ 81.47 $ 0.00
Director's Phantom Stock Plan      
Share and unit-based plans      
Deferral period for grant of units (in years) 3 years    
Number of common shares into which units can be converted (shares) 1    
Maximum shares authorized under plan (shares) 500,000    
Shares available for issuance under plan (in shares) 169,755    
XML 117 R101.htm IDEA: XBRL DOCUMENT v3.8.0.1
Share and Unit-based Plans - Employee Stock Purchase Plan (Details) - ESPP
 12 Months Ended
Dec. 31, 2017
shares
Share and unit-based plans  
Discount from market price (as a percent) 15.00%
Maximum shares authorized under plan (shares) 750,000
Shares available for issuance under plan (in shares) 450,306
XML 118 R102.htm IDEA: XBRL DOCUMENT v3.8.0.1
Share and Unit-based Plans - Compensation (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Share and unit-based plans      
Compensation cost under share and unit-based plans $ 37,005 $ 40,529 $ 34,375
Capitalized share and unit-based compensation costs 6,206 7,241 6,008
Stock awards      
Share and unit-based plans      
Compensation cost under share and unit-based plans 0 20 252
Stock units      
Share and unit-based plans      
Compensation cost under share and unit-based plans 6,045 6,305 6,041
Unrecognized compensation cost of share and unit-based plans 3,239    
LTIP units      
Share and unit-based plans      
Compensation cost under share and unit-based plans 30,161 32,957 26,622
Unrecognized compensation cost of share and unit-based plans 286    
Stock options      
Share and unit-based plans      
Compensation cost under share and unit-based plans 85 16 16
Unrecognized compensation cost of share and unit-based plans 176    
Phantom stock units      
Share and unit-based plans      
Compensation cost under share and unit-based plans 714 1,231 1,444
Unrecognized compensation cost of share and unit-based plans 324    
Stock awards and units      
Share and unit-based plans      
Fair value of equity-based awards vested during period $ 5,257 $ 5,644 $ 8,794
XML 119 R103.htm IDEA: XBRL DOCUMENT v3.8.0.1
Employee Benefit Plans (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Feb. 28, 2013
Feb. 01, 1999
401(k) Plan          
Employee Benefit Plans:          
Number of common stock shares reserved for issuance (in shares)         150,000
Number of additional common stock shares reserved for issuance (in shares)       500,000  
Employer match of employee contributions of first 3% of eligible compensation (as a percent) 100.00%        
Percentage of eligible compensation, matched 100% by employer (as a percent) 3.00%        
Employer match of employee contributions of next 2% of eligible compensation (as a percent) 50.00%        
Percentage of eligible compensation, matched 50% by employer (as a percent) 2.00%        
Employer contribution $ 3,481 $ 3,384 $ 3,299    
Deferred Compensation Plans          
Employee Benefit Plans:          
Employer contribution $ 1,069 $ 1,032 $ 933    
XML 120 R104.htm IDEA: XBRL DOCUMENT v3.8.0.1
Income Taxes - Schedule of components of distributions made to common stockholders on a per share basis (Details) - $ / shares
 12 Months Ended
Nov. 12, 2015
Oct. 30, 2015
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Dividends, dollars per share          
Ordinary income (in dollars per share)     $ 1.98 $ 0.94 $ 1.20
Capital gains (in dollars per share)     0.51 3.24 3.64
Unrecaptured Section 1250 gain (in dollars per share)     0.38 0.36 0.00
Return of capital (in dollars per share)     0.00 0.00 0.00
Dividends paid for income tax purposes (in dollars per share)     $ 2.87 $ 4.54 $ 4.84
Dividends, percent          
Ordinary income (as a percent)     69.00% 20.80% 24.80%
Capital gains (as a percent)     17.80% 71.40% 75.20%
Unrecaptured Section 1250 gain (as a percent)     13.20% 7.80% 0.00%
Return of capital (as a percent)     0.00% 0.00% 0.00%
Dividends paid (as a percent)     100.00% 100.00% 100.00%
Distributions paid, per share (in dollars per share)         $ 4.63
Dividends declared for common stock (in dollars per share) $ 2.00 $ 2.00 $ 2.87 $ 2.75 6.63
Cash deemed paid (in dollars per share)         $ 0.21
XML 121 R105.htm IDEA: XBRL DOCUMENT v3.8.0.1
Income Taxes - Schedule of income tax benefit of TRSs (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Tax Disclosure [Abstract]      
Current $ 185 $ (176) $ 0
Deferred (15,779) (546) 3,223
Income tax (expense) benefit $ (15,594) $ (722) $ 3,223
XML 122 R106.htm IDEA: XBRL DOCUMENT v3.8.0.1
Income Taxes - Reconciliation of income tax benefit (provision) of the TRSs to the amount computed by applying the federal corporate tax rate (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Tax Disclosure [Abstract]      
Book loss for TRSs $ 2,094 $ 5,254 $ 10,681
Tax at statutory rate on earnings from continuing operations before income taxes 712 1,786 3,632
Change in tax rates (14,189) 0 0
State taxes 109 160 420
Other (2,226) (2,668) (829)
Income tax (expense) benefit $ (15,594) $ (722) $ 3,223
XML 123 R107.htm IDEA: XBRL DOCUMENT v3.8.0.1
Income Taxes - Narrative (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
USD ($)
Income Tax Disclosure [Abstract]  
Remeasured ending deferred tax asset $ 14,189
XML 124 R108.htm IDEA: XBRL DOCUMENT v3.8.0.1
Income Taxes - Schedule of tax effects of temporary differences and carryforwards of the TRSs included in net deferred tax assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Income Tax Disclosure [Abstract]    
Net operating loss carryforwards $ 21,398 $ 22,335
Property, primarily differences in depreciation and amortization, the tax basis of land assets and treatment of certain other costs 5,077 12,720
Other 2,531 3,246
Deferred tax assets $ 29,006 $ 38,301
XML 125 R109.htm IDEA: XBRL DOCUMENT v3.8.0.1
Quarterly Financial Data (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 12 Months Ended
Jan. 14, 2016
Jan. 06, 2016
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]                          
Revenues     $ 256,743 $ 242,451 $ 247,423 $ 247,045 $ 272,000 $ 253,367 $ 259,904 $ 256,000 $ 993,662 $ 1,041,271 $ 1,288,149
Net income attributable to the Company     $ 32,751 $ 17,498 $ 26,638 $ 69,243 $ 37,128 $ 13,730 $ 45,222 $ 420,915 $ 146,130 $ 516,995 $ 487,562
Net income attributable to common stockholders (dollars per share)     $ 0.23 $ 0.12 $ 0.19 $ 0.48 $ 0.26 $ 0.09 $ 0.31 $ 2.77 $ 1.02 $ 3.52 $ 3.08
Net income attributable to common stockholders (dollars per share)     $ 0.23 $ 0.12 $ 0.19 $ 0.48 $ 0.26 $ 0.09 $ 0.31 $ 2.76 $ 1.02 $ 3.52 $ 3.08
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                          
Gain on sale of assets                     $ 42,446 $ 415,348 $ 378,248
Joint venture | Arrowhead Towne Center                          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                          
Gain on sale of assets   $ 101,629                      
Joint venture | MAC Heitman Portfolio                          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                          
Gain on sale of assets $ 340,734                        
XML 126 R110.htm IDEA: XBRL DOCUMENT v3.8.0.1
Subsequent Events (Details) - USD ($)
 3 Months Ended 12 Months Ended
Feb. 05, 2018
Jan. 26, 2018
Jan. 22, 2018
Nov. 12, 2015
Oct. 30, 2015
Mar. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Subsequent events                  
Dividends declared for common stock (in dollars per share)       $ 2.00 $ 2.00   $ 2.87 $ 2.75 $ 6.63
Subsequent event                  
Subsequent events                  
Dividends declared for common stock (in dollars per share)   $ 0.74              
Subsequent event | Joint venture | Fashion District Philadelphia                  
Subsequent events                  
Variable interest rate spread (as a percent)     2.00%            
Subsequent event | Joint venture | Fashion District Philadelphia | Term loan                  
Subsequent events                  
Face amount of debt     $ 250,000,000            
Proceeds from Loans     $ 150,000,000            
Subsequent event | Joint venture | Fashion District Philadelphia | Term loan | Forecast                  
Subsequent events                  
Proceeds from Loans           $ 100,000,000      
Subsequent event | Joint venture | Broadway Plaza                  
Subsequent events                  
Face amount of debt $ 450,000,000                
Interest rate on debt (as a percent) 4.18%                
Debt term (years) 12 years                
XML 127 R111.htm IDEA: XBRL DOCUMENT v3.8.0.1
Schedule III-Real Estate and Accumulated Depreciation - Schedule (Details) - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Initial Cost to Company        
Land $ 1,455,769      
Building and Improvements 4,853,839      
Equipment and Furnishings 46,574      
Cost Capitalized Subsequent to Acquisition 2,771,351      
Gross Amount at Which Carried at Close of Period        
Land 1,567,152      
Building and Improvements 7,005,387      
Equipment and Furnishings 187,998 $ 177,036    
Construction in Progress 366,996 289,966    
Total 9,127,533 9,209,211 $ 10,689,656 $ 12,777,882
Accumulated Depreciation 2,018,303 $ 1,851,901 $ 1,892,744 $ 1,709,992
Total Cost Net of Accumulated Depreciation 7,109,230      
Chandler Fashion Center        
Initial Cost to Company        
Land 24,188      
Building and Improvements 223,143      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 19,336      
Gross Amount at Which Carried at Close of Period        
Land 24,188      
Building and Improvements 236,717      
Equipment and Furnishings 5,762      
Construction in Progress 0      
Total 266,667      
Accumulated Depreciation 105,891      
Total Cost Net of Accumulated Depreciation 160,776      
Danbury Fair Mall        
Initial Cost to Company        
Land 130,367      
Building and Improvements 316,951      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 114,644      
Gross Amount at Which Carried at Close of Period        
Land 142,751      
Building and Improvements 409,658      
Equipment and Furnishings 9,257      
Construction in Progress 296      
Total 561,962      
Accumulated Depreciation 143,969      
Total Cost Net of Accumulated Depreciation 417,993      
Desert Sky Mall        
Initial Cost to Company        
Land 9,447      
Building and Improvements 37,245      
Equipment and Furnishings 12      
Cost Capitalized Subsequent to Acquisition 4,598      
Gross Amount at Which Carried at Close of Period        
Land 9,082      
Building and Improvements 40,886      
Equipment and Furnishings 1,334      
Construction in Progress 0      
Total 51,302      
Accumulated Depreciation 10,315      
Total Cost Net of Accumulated Depreciation 40,987      
Eastland Mall        
Initial Cost to Company        
Land 22,050      
Building and Improvements 151,605      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 11,855      
Gross Amount at Which Carried at Close of Period        
Land 22,066      
Building and Improvements 160,977      
Equipment and Furnishings 2,199      
Construction in Progress 268      
Total 185,510      
Accumulated Depreciation 28,798      
Total Cost Net of Accumulated Depreciation 156,712      
Estrella Falls        
Initial Cost to Company        
Land 10,550      
Building and Improvements 0      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 71,512      
Gross Amount at Which Carried at Close of Period        
Land 10,747      
Building and Improvements 14,254      
Equipment and Furnishings 0      
Construction in Progress 57,061      
Total 82,062      
Accumulated Depreciation 1,181      
Total Cost Net of Accumulated Depreciation 80,881      
Fashion Outlets of Chicago        
Initial Cost to Company        
Land 0      
Building and Improvements 0      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 262,936      
Gross Amount at Which Carried at Close of Period        
Land 40,575      
Building and Improvements 217,945      
Equipment and Furnishings 4,131      
Construction in Progress 285      
Total 262,936      
Accumulated Depreciation 45,946      
Total Cost Net of Accumulated Depreciation 216,990      
Fashion Outlets of Niagara Falls USA        
Initial Cost to Company        
Land 18,581      
Building and Improvements 210,139      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 101,022      
Gross Amount at Which Carried at Close of Period        
Land 22,936      
Building and Improvements 304,202      
Equipment and Furnishings 2,354      
Construction in Progress 250      
Total 329,742      
Accumulated Depreciation 62,663      
Total Cost Net of Accumulated Depreciation 267,079      
The Marketplace at Flagstaff        
Initial Cost to Company        
Land 0      
Building and Improvements 0      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 45,840      
Gross Amount at Which Carried at Close of Period        
Land 0      
Building and Improvements 45,838      
Equipment and Furnishings 2      
Construction in Progress 0      
Total 45,840      
Accumulated Depreciation 21,980      
Total Cost Net of Accumulated Depreciation 23,860      
Freehold Raceway Mall        
Initial Cost to Company        
Land 164,986      
Building and Improvements 362,841      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 123,130      
Gross Amount at Which Carried at Close of Period        
Land 168,098      
Building and Improvements 474,036      
Equipment and Furnishings 8,789      
Construction in Progress 34      
Total 650,957      
Accumulated Depreciation 176,715      
Total Cost Net of Accumulated Depreciation 474,242      
Fresno Fashion Fair        
Initial Cost to Company        
Land 17,966      
Building and Improvements 72,194      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 43,852      
Gross Amount at Which Carried at Close of Period        
Land 17,966      
Building and Improvements 113,147      
Equipment and Furnishings 2,428      
Construction in Progress 471      
Total 134,012      
Accumulated Depreciation 53,177      
Total Cost Net of Accumulated Depreciation 80,835      
Green Acres Mall        
Initial Cost to Company        
Land 156,640      
Building and Improvements 321,034      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 177,943      
Gross Amount at Which Carried at Close of Period        
Land 179,274      
Building and Improvements 464,133      
Equipment and Furnishings 9,264      
Construction in Progress 2,946      
Total 655,617      
Accumulated Depreciation 81,986      
Total Cost Net of Accumulated Depreciation 573,631      
Inland Center        
Initial Cost to Company        
Land 8,321      
Building and Improvements 83,550      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 25,509      
Gross Amount at Which Carried at Close of Period        
Land 10,291      
Building and Improvements 106,983      
Equipment and Furnishings 61      
Construction in Progress 45      
Total 117,380      
Accumulated Depreciation 12,618      
Total Cost Net of Accumulated Depreciation 104,762      
Kings Plaza Shopping Center        
Initial Cost to Company        
Land 209,041      
Building and Improvements 485,548      
Equipment and Furnishings 20,000      
Cost Capitalized Subsequent to Acquisition 171,964      
Gross Amount at Which Carried at Close of Period        
Land 195,701      
Building and Improvements 466,529      
Equipment and Furnishings 28,137      
Construction in Progress 196,186      
Total 886,553      
Accumulated Depreciation 75,113      
Total Cost Net of Accumulated Depreciation 811,440      
La Cumbre Plaza        
Initial Cost to Company        
Land 18,122      
Building and Improvements 21,492      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 24,830      
Gross Amount at Which Carried at Close of Period        
Land 17,280      
Building and Improvements 46,096      
Equipment and Furnishings 426      
Construction in Progress 642      
Total 64,444      
Accumulated Depreciation 24,061      
Total Cost Net of Accumulated Depreciation 40,383      
Macerich Management Co.        
Initial Cost to Company        
Land 1,150      
Building and Improvements 10,475      
Equipment and Furnishings 26,562      
Cost Capitalized Subsequent to Acquisition 54,558      
Gross Amount at Which Carried at Close of Period        
Land 3,878      
Building and Improvements 15,094      
Equipment and Furnishings 66,598      
Construction in Progress 7,175      
Total 92,745      
Accumulated Depreciation 57,437      
Total Cost Net of Accumulated Depreciation 35,308      
MACWH, LP        
Initial Cost to Company        
Land 0      
Building and Improvements 25,771      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 18,545      
Gross Amount at Which Carried at Close of Period        
Land 11,557      
Building and Improvements 27,455      
Equipment and Furnishings 0      
Construction in Progress 5,304      
Total 44,316      
Accumulated Depreciation 9,121      
Total Cost Net of Accumulated Depreciation 35,195      
NorthPark Mall        
Initial Cost to Company        
Land 7,746      
Building and Improvements 74,661      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 10,266      
Gross Amount at Which Carried at Close of Period        
Land 7,885      
Building and Improvements 84,284      
Equipment and Furnishings 504      
Construction in Progress 0      
Total 92,673      
Accumulated Depreciation 17,512      
Total Cost Net of Accumulated Depreciation 75,161      
The Oaks        
Initial Cost to Company        
Land 32,300      
Building and Improvements 117,156      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 260,520      
Gross Amount at Which Carried at Close of Period        
Land 56,387      
Building and Improvements 350,325      
Equipment and Furnishings 3,099      
Construction in Progress 165      
Total 409,976      
Accumulated Depreciation 138,052      
Total Cost Net of Accumulated Depreciation 271,924      
Pacific View        
Initial Cost to Company        
Land 8,697      
Building and Improvements 8,696      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 130,806      
Gross Amount at Which Carried at Close of Period        
Land 7,854      
Building and Improvements 137,572      
Equipment and Furnishings 2,262      
Construction in Progress 511      
Total 148,199      
Accumulated Depreciation 68,254      
Total Cost Net of Accumulated Depreciation 79,945      
Paradise Valley Mall        
Initial Cost to Company        
Land 33,445      
Building and Improvements 128,485      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 36,472      
Gross Amount at Which Carried at Close of Period        
Land 39,382      
Building and Improvements 155,485      
Equipment and Furnishings 2,606      
Construction in Progress 929      
Total 198,402      
Accumulated Depreciation 74,731      
Total Cost Net of Accumulated Depreciation 123,671      
Promenade at Casa Grande        
Initial Cost to Company        
Land 15,089      
Building and Improvements 0      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 50,736      
Gross Amount at Which Carried at Close of Period        
Land 3,900      
Building and Improvements 61,849      
Equipment and Furnishings 76      
Construction in Progress 0      
Total 65,825      
Accumulated Depreciation 39,735      
Total Cost Net of Accumulated Depreciation 26,090      
Queens Center        
Initial Cost to Company        
Land 251,474      
Building and Improvements 1,039,922      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 32,254      
Gross Amount at Which Carried at Close of Period        
Land 256,786      
Building and Improvements 1,063,912      
Equipment and Furnishings 2,478      
Construction in Progress 474      
Total 1,323,650      
Accumulated Depreciation 88,343      
Total Cost Net of Accumulated Depreciation 1,235,307      
Santa Monica Place        
Initial Cost to Company        
Land 26,400      
Building and Improvements 105,600      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 329,495      
Gross Amount at Which Carried at Close of Period        
Land 48,374      
Building and Improvements 403,953      
Equipment and Furnishings 8,071      
Construction in Progress 1,097      
Total 461,495      
Accumulated Depreciation 118,272      
Total Cost Net of Accumulated Depreciation 343,223      
San Tan Adjacent Land        
Initial Cost to Company        
Land 29,414      
Building and Improvements 0      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 8,105      
Gross Amount at Which Carried at Close of Period        
Land 30,506      
Building and Improvements 0      
Equipment and Furnishings 0      
Construction in Progress 7,013      
Total 37,519      
Accumulated Depreciation 0      
Total Cost Net of Accumulated Depreciation 37,519      
San Tan Village Regional Center        
Initial Cost to Company        
Land 7,827      
Building and Improvements 0      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 198,366      
Gross Amount at Which Carried at Close of Period        
Land 5,839      
Building and Improvements 195,690      
Equipment and Furnishings 1,562      
Construction in Progress 3,102      
Total 206,193      
Accumulated Depreciation 87,621      
Total Cost Net of Accumulated Depreciation 118,572      
South Park Mall        
Initial Cost to Company        
Land 7,035      
Building and Improvements 38,215      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 25,600      
Gross Amount at Which Carried at Close of Period        
Land 7,479      
Building and Improvements 62,511      
Equipment and Furnishings 415      
Construction in Progress 445      
Total 70,850      
Accumulated Depreciation 12,497      
Total Cost Net of Accumulated Depreciation 58,353      
Southridge Mall        
Initial Cost to Company        
Land 6,764      
Building and Improvements 0      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 8,412      
Gross Amount at Which Carried at Close of Period        
Land 2,676      
Building and Improvements 12,290      
Equipment and Furnishings 99      
Construction in Progress 111      
Total 15,176      
Accumulated Depreciation 5,046      
Total Cost Net of Accumulated Depreciation 10,130      
Stonewood Center        
Initial Cost to Company        
Land 4,948      
Building and Improvements 302,527      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 8,723      
Gross Amount at Which Carried at Close of Period        
Land 4,935      
Building and Improvements 311,163      
Equipment and Furnishings 100      
Construction in Progress 0      
Total 316,198      
Accumulated Depreciation 29,927      
Total Cost Net of Accumulated Depreciation 286,271      
Superstition Springs Center        
Initial Cost to Company        
Land 10,928      
Building and Improvements 112,718      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 8,140      
Gross Amount at Which Carried at Close of Period        
Land 10,928      
Building and Improvements 120,392      
Equipment and Furnishings 466      
Construction in Progress 0      
Total 131,786      
Accumulated Depreciation 15,896      
Total Cost Net of Accumulated Depreciation 115,890      
Superstition Springs Power Center        
Initial Cost to Company        
Land 1,618      
Building and Improvements 4,420      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 290      
Gross Amount at Which Carried at Close of Period        
Land 1,618      
Building and Improvements 4,627      
Equipment and Furnishings 83      
Construction in Progress 0      
Total 6,328      
Accumulated Depreciation 1,889      
Total Cost Net of Accumulated Depreciation 4,439      
Tangerine (Marana), The Shops at        
Initial Cost to Company        
Land 36,158      
Building and Improvements 0      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition (8,462)      
Gross Amount at Which Carried at Close of Period        
Land 16,922      
Building and Improvements 0      
Equipment and Furnishings 0      
Construction in Progress 10,774      
Total 27,696      
Accumulated Depreciation 0      
Total Cost Net of Accumulated Depreciation 27,696      
The Macerich Partnership, L.P.        
Initial Cost to Company        
Land 0      
Building and Improvements 2,534      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 23,773      
Gross Amount at Which Carried at Close of Period        
Land 0      
Building and Improvements 0      
Equipment and Furnishings 10,823      
Construction in Progress 15,484      
Total 26,307      
Accumulated Depreciation 2,559      
Total Cost Net of Accumulated Depreciation 23,748      
Towne Mall        
Initial Cost to Company        
Land 6,652      
Building and Improvements 31,184      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 4,870      
Gross Amount at Which Carried at Close of Period        
Land 6,877      
Building and Improvements 35,221      
Equipment and Furnishings 518      
Construction in Progress 90      
Total 42,706      
Accumulated Depreciation 15,066      
Total Cost Net of Accumulated Depreciation 27,640      
Tucson La Encantada        
Initial Cost to Company        
Land 12,800      
Building and Improvements 19,699      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 56,549      
Gross Amount at Which Carried at Close of Period        
Land 12,800      
Building and Improvements 75,618      
Equipment and Furnishings 597      
Construction in Progress 33      
Total 89,048      
Accumulated Depreciation 42,637      
Total Cost Net of Accumulated Depreciation 46,411      
Valley Mall        
Initial Cost to Company        
Land 16,045      
Building and Improvements 26,098      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 13,856      
Gross Amount at Which Carried at Close of Period        
Land 15,616      
Building and Improvements 40,005      
Equipment and Furnishings 378      
Construction in Progress 0      
Total 55,999      
Accumulated Depreciation 8,258      
Total Cost Net of Accumulated Depreciation 47,741      
Valley River Center        
Initial Cost to Company        
Land 24,854      
Building and Improvements 147,715      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 23,592      
Gross Amount at Which Carried at Close of Period        
Land 24,854      
Building and Improvements 168,840      
Equipment and Furnishings 1,954      
Construction in Progress 513      
Total 196,161      
Accumulated Depreciation 60,194      
Total Cost Net of Accumulated Depreciation 135,967      
Victor Valley, Mall of        
Initial Cost to Company        
Land 15,700      
Building and Improvements 75,230      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 53,028      
Gross Amount at Which Carried at Close of Period        
Land 20,080      
Building and Improvements 121,774      
Equipment and Furnishings 2,104      
Construction in Progress 0      
Total 143,958      
Accumulated Depreciation 49,257      
Total Cost Net of Accumulated Depreciation 94,701      
Vintage Faire Mall        
Initial Cost to Company        
Land 14,902      
Building and Improvements 60,532      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 59,390      
Gross Amount at Which Carried at Close of Period        
Land 17,645      
Building and Improvements 115,179      
Equipment and Furnishings 1,777      
Construction in Progress 223      
Total 134,824      
Accumulated Depreciation 70,638      
Total Cost Net of Accumulated Depreciation 64,186      
Westside Pavilion        
Initial Cost to Company        
Land 34,100      
Building and Improvements 136,819      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 77,198      
Gross Amount at Which Carried at Close of Period        
Land 34,100      
Building and Improvements 201,512      
Equipment and Furnishings 5,820      
Construction in Progress 6,685      
Total 248,117      
Accumulated Depreciation 106,511      
Total Cost Net of Accumulated Depreciation 141,606      
Wilton Mall        
Initial Cost to Company        
Land 19,743      
Building and Improvements 67,855      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 26,762      
Gross Amount at Which Carried at Close of Period        
Land 19,810      
Building and Improvements 93,407      
Equipment and Furnishings 1,143      
Construction in Progress 0      
Total 114,360      
Accumulated Depreciation 36,604      
Total Cost Net of Accumulated Depreciation 77,756      
Other freestanding stores        
Initial Cost to Company        
Land 5,926      
Building and Improvements 31,785      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 10,113      
Gross Amount at Which Carried at Close of Period        
Land 5,927      
Building and Improvements 41,576      
Equipment and Furnishings 321      
Construction in Progress 0      
Total 47,824      
Accumulated Depreciation 15,929      
Total Cost Net of Accumulated Depreciation 31,895      
Other land and development properties        
Initial Cost to Company        
Land 33,795      
Building and Improvements 0      
Equipment and Furnishings 0      
Cost Capitalized Subsequent to Acquisition 50,423      
Gross Amount at Which Carried at Close of Period        
Land 31,582      
Building and Improvements 4,252      
Equipment and Furnishings 0      
Construction in Progress 48,384      
Total 84,218      
Accumulated Depreciation 1,904      
Total Cost Net of Accumulated Depreciation $ 82,314      
XML 128 R112.htm IDEA: XBRL DOCUMENT v3.8.0.1
Schedule III-Real Estate and Accumulated Depreciation - Additional Information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Changes in total real estate assets      
Balances, beginning of year $ 9,209,211 $ 10,689,656 $ 12,777,882
Additions 202,280 254,604 392,575
Dispositions and retirements (283,958) (1,735,049) (2,480,801)
Balances, end of year 9,127,533 9,209,211 10,689,656
Aggregate gross cost of the property for federal income tax purposes 8,551,235    
Changes in accumulated depreciation      
Balances, beginning of year 1,851,901 1,892,744 1,709,992
Additions 277,917 277,270 354,977
Dispositions and retirements (111,515) (318,113) (172,225)
Balances, end of year $ 2,018,303 $ 1,851,901 $ 1,892,744
Buildings and improvements | Minimum      
REAL ESTATE AND ACCUMULATED DEPRECIATION      
Estimated useful lives of assets 5 years    
Buildings and improvements | Maximum      
REAL ESTATE AND ACCUMULATED DEPRECIATION      
Estimated useful lives of assets 40 years    
Tenant improvements | Minimum      
REAL ESTATE AND ACCUMULATED DEPRECIATION      
Estimated useful lives of assets 5 years    
Tenant improvements | Maximum      
REAL ESTATE AND ACCUMULATED DEPRECIATION      
Estimated useful lives of assets 7 years    
Equipment and furnishings | Minimum      
REAL ESTATE AND ACCUMULATED DEPRECIATION      
Estimated useful lives of assets 5 years    
Equipment and furnishings | Maximum      
REAL ESTATE AND ACCUMULATED DEPRECIATION      
Estimated useful lives of assets 7 years    
EXCEL 129 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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

BYJ)JVPFQ(/ MW3!E!Q#X_@.P =P][0L2CO !7V[8;[Z;"^_\4YZ>%PI'@!I(LWMDOICD(XP\ M1,A9LDT-YO5//LM44/S6YM%0RSOC3&<7C)&^.9 <,9*?LU8T^!:!^6O9.#*V ME=D1 XU88F^TA(N:LSV5B(Y60$Y*1%\?P]2 M1:9RSTN)#+68)_Y3D,01=O;"Y9X(+[1^)W*V:/:B -[?=E?'T%J]Q2:IE5_) M'SJ6I1E--7+H>/9;[A;CYYFZD$V/DE'BI><)QF&^)YM(=@1^_71^\>]_:%.8 M?[Q!/7P.^L@#N.NM5=LDW/XS<2.WF)+X;]<;8?0ES54<@,<6I-JT,)CU1I F M\**"3X]$9$WLO&P0V?O28QV+R?OIG?CU2&H-U/=LQDJ85:VI8;#"'DC-%OCE M*>VSY?$HPK,$\D@5:+(1]T6JX]VXUDQ43"N;GY><.@HTUUD6&Y"FVP,'GSB9 MRS[_(X!K&.94)Z'(++G9[Y@32*DHDZUE(88L^SH[>S2SNM+5SA=WU4"$FY:3 MS5<=5W?30.0:<<29L"/P^SU8=3)T><.?D&NW"SU>&U9;[W:,5ONBTS:[EY9E MM--V M3J7D!6O#=$QI\[8O:*F_P]S^5:.!T9%4SI\-M*>H765(1[O(;2%[@ MT6(,^)Y/2DO-.I5GQAOB//6<5T:_DQ=H18*,V(G8B=BI-O2I-#N1J4J0W*>$ M[QS 4EV_2/>AS=BE@73B.N*ZLKE.6BS-SDXC!V@NM"B $BJ,!Q2?X=N@]51()EZ)?38C>BO#!M<69 M12A5A]*J(7-]KW /*,5CV6Y<49BBPFJN#87M^A?O:1QX!?5X.$<\1SZGAN4W;N1.O$:^1 M?".>JPO/D7Q3R&O;^16K>MP?B4.1)B@-N>]X(F37/!KB4;H+R=EG+65I214B M8[6898VAP3P A@:P/,Z/6TGKY8 MNH_ 1> B<)'V(H 1P*H+,-1>76NQOC*!B\"UUVSL\@"U/K>I!I?5Z"A+XGR1 M/E,F*8] BD,AB[4MJ\ \A+IZHZYMMDB=59$_"%B'#F6KAIJI&XLMN^A\T7)B M77*_GX1/[)J[X?).1+375+K?5C?W3&]JK=[:&'N)4TY%;1$BCAP1BZVL"!&$ MB%-%1$?KF:0C"!&$B"(B2$<0(@Y>O:$BCGJKT5*VQT,!9X+*$4/%T%H6J0[" MP\'Q4.&HK[G8NYORP#>D8I[^_26)/9&V8;D8 BWN@[,VI8)7R?LYEEP?2J:C M#5("6,G)=*:ZV#2!B\!%X"+M10 C@.U%>W6U7EM9_4<"%X&K H2K2,S$:NB+ MS7XI%9Q2P0EU):*NN8?S%Z3."%AU(5R=-P6.//;_V>7W/.3LFGM>Q'Z[/5?% M?@3/H\US*B$D(.!E$'&OJ:[/157:,B&+1!)4CADK'5!99)L5!:#AX@+-VX>!J1M55QXE# M(8:!Y["OW!:/_$F6#3EKO3GK4(9XE3R?8TD!HAP[VC!# "& &, '9B #NYW-1F0R^_?#$% MY0EUU2!<15!GF>47ZB=U1L"J"^'*W1%8>\OLY//!BX%_+ .CBM4(BD>;SD1) M?H0*0L6"UND9FJ6NSQDA@A!1 R? MV87P8Z&L6DB%Z%@YN%+23XG\=2IJCP!& )LF_30[FFDI<[,(7 0N A=I+P(8 M 6P?VJO5UGHM93%S A>!JP*$JTC$1&4M%LH')]01ZM:*4VKF^E6+2:$1M&H MK0IO"JQ_'/[D,\(_!V$\O.>Q2-N"]I15@2$L'FU2$Z7Z$2H(%80*0@6A@E!! MJ"!4;(J*MJ4U+66=^@@0)P.(8TUU+9MU""($$8((080@4D'Z5!@TE#2^BK)? M^+=(8W=#H8KO*D2UR@'VY'* *,F.MDT)8&6>+>RUM8Y%5>H(7 0NTEX$, )8 MG0!FZH9F6BT"%X'KB#+J*A(S:38,95M3E").J"/4K5?L16^7#SM2: 2MNA"N MW+HQ:X<^3CY%_(;;[L"UV>^N>%3%9@3#H\UMHHP_0@6A8L&\,YN:U:-J?H0( M0@3I"4(%H6*5GNAHEJ&L=!/5\G6-)[Z'\.=H1)8"5:2CJNJ;K.H&+P$7@ M(NU% ". U0A@I+T(7)4(CAQC'JK5:)9?J9CB\(2Z:A"N(J@SM$Z3LK\KR2$$ MK4/'KTO8!EC[Z.#)9W_?746")A:5 M!:?$<$+=GE'7ZI9_&H/4&0&K+H0KMZG,VEBCM/ 8X/D8!$X6[C\S#$H*I[0F M2O:C'6I"!:&"4$&H(%00*@@5JE'1ZVDM4UGM$P+$R0#B6)-=RV8=@@A!A"!" M$"&(5) ^%08-)8ZOHNQ=\.@+]HE[GBK&JQ#9*H?8D\L"HC0[VCHE@)5Z-ETS MVLI:E!&V"%N$+5)>!# "V'Z45ZM#M<,)6\>44U>1D$FST536@)!2Q EUA+JU M3CT9'5)G5>0/ M:A ]>U*QQS5&'^Q(X"GWWD[,JWL8JXPU5Q&Z'Q:/.;VFVM MI\X_.Q6]18 X6D!0&BRA@E"QH":Z6DM=/5@"! &BYH @-4&HJ%!:7T4<]F;# MI*+A5#2,@9+]SSQ-/FDP" M9\% %<-5B(250^K)9?I0*AWMCQ+ 2DT\:&IM2CX@0)==4@7$509W7I8%,E^8. =>@P=@F[ 6MW MPSCY3/#?73_&%J'7W W5%GXA,%)"$^U+$RI.!A5FV]*Z!F5J$"(($:0G"!6$ MBE5ZHJ>9)ND)0L3!,_HJXK%;C59+-1E..?),4#E:J!B:V6J3ZB \'!H/50[_ MK@T02@9?1<5_BRB.7$>P&_[@>F[@J^*U"E&OGWA[\)$/-<7/PV%)()AZJ]53F0;5*PWM -!5A*7V<+S,N[YY97^2GX&5K'S MS]E(BCP([UU@0OE=<;AW[DA$[+-X9%^#$???L57C7K;]_.@Z\?!M6U^'CV>1 MM?[%F^V P[PW0=0+C#@#<4M.["Q[8'X;B8P2D78W%&P4A/$]EFGS M@QC8:,R?)+/VN<=]&[YP?=M+',%BN#;Q.5X.SW"8(_HQ&X=BY":CJ,$NBQ]9 M*.#/2," \#;Q'1X4L6 @/PVX&[('[B4"OY&/0:W!Y(_C$-[GCKDW=P6/HF0$ M;W5]^"%T@R1BW/XS<2,W=@,?/O@.XZ%@T_&Y?AS@_P@82 Q#& L_$NF;\$4P M4N[ZP!D,KACE8PN%Q^-\!DZC((S5_+6K2'^.H98)F)522 *I/9%!ROAPAI]@O7%)%F:]V;.S!*0L M/"!5KR/L(.3(,V]1=J>OOQ2V&/5%."6W96C,U) MIDO]V>JP)TA0A:.:0KEX0E'Y"J3BK#2TQ5_>TC4VM;5*6$I,PQ29F3 MRJ;:0035(XNJU5)6L?F0''-XX77*80MYVVT,-'L, H==2 ^!G$7USN*1E8RG M1@J$"D+%HM-@-94=BCT6/-0]SE,Y]!#A2B%<*>=7R!5;YWS&D?MJ:F-)6U/S M))PYDH\D'TD^UDL^MK2>KFR'FN3CNM;XZNS]O0VL\OFE+^4Y$($PG1QK62F+\08M4R-2TB^>;/!72>?G\;*.YB=,'0NFK*/# MU B^'GI/*1HB$3ZXMI@'%!AE(SPT!J;1]" 8 B;'%T&$())#I'E\$.%Q C\# M1E#MI$<>@1K?I!X@"KQ782VBSH*X2)O04!=!".8 M#3PP@ >!XX-W,G!20I%KGH*" MH+$HZ?\!RA$?: /1P?'!,V5.>EQ38X]#UQ[.#+$O/%<\P# ?79AK7Z!;0W G MN.=P;QT5W,^5^&W-7J.WV$MD&T]R8L "3A&57L!]-N01 %'XD]/7_2?&X6 @7V,%/#Z#%$Q018R&5^MFM$.QS$(MG(MI; M#'U)[=12FC7:%I*1K1)D)G4URFIK\Y1J:\O:L3_%SL.9B2KT5,G65-!]D< M0HSE-G\HQAZWA9.5?G*C& /A4A$'?E;D*:NED#D,/J!#Q6A^:.JZ!M:V$KDG M!RP#*8OF _PRC?U+N;U[L:),;/>:E34D/@@Y^I7)+GP=A,@BL4S8:A6#3/ZY(5HEJQIVR MAZDD/M9@;.).V]*EQOPFF(-P-.:(L?#E=C=,9%FT/QGC/H :/K*4\5%-O-?R MG<5F0^\H86I2XJ3$(R4^\Q@9W(]#[D>#(!R]=<2 )U[V]%^YG_#PJ6!8 M=U7+#RFY46",N>N NS)8MG<3<4_D>:D)R/;0>T*I/M&Q96WAM%0\99LMG.>$ MNAN-@ZR\L(KGT48+"<>)<#1TDH[KV%'-LAR< P:I_C][[]K<-HZT#7^^[U_! MRC/[W$D5XN'YD-G=*L>'W=QO,I--LKNUGYZ")=CB#D5J2"H>[Z]_ 9#46;8. MH$1(UU3-C"V+) #VU>AN=%_M'"A(I>(!TGM2,E*%9VU.=SVP90FN7'0E(;)* M$E744L8NIPQ@77#5Q[55GD*0+;DR/C@SZP$3)Y$Y_5UFB'9+H._S;"@[&S#I^2KRPQ0=([=DJ'723N-_^$YE)/Y# M6I3Y>"B%18#[KZS_(-[-I1 E;LDQ18:<'G&# YPQ6VI.=&$9PS*>6,:GU6%' MD66\YNBME=!_$Q^81 T6#.*+YUN '*09S6P7$,<>K6\ELOER3*_[E$T;GTRJ MAN5*3*P48="D,LQ-A7W2U*V,6$J34I@LV?=8&D/W657[RTTDF:4OW(QQ7 R: M,IWV@EWNVZQG>JM6ML3I[8DLI*C7?5JXL*8V7!0Y%*PWK@W7&1#$ MECM#:AR)CD01J7Y]9WF_35G+-VGZ6:_M-'%S1WKZG M(3/0$);1TAY"BR+KQ?*Y,M@EK*ZB"K6(MZ2QJ(I@&)^I9'+IS_; ?/V1<1@: MMC%DM."FAK ,WPBQ7"?.>\4>#K:-*MVV%&EC==N62VS/)&'WM@F76+;/![9/ MP'G=3D&,.RHJC$62SSC/A0-]?1_K_'12D]J\E MRSG837K*+F>."48")ON.]B9=W2;>V\Q9N'36--=#]V.9J%V7F\?5+OC<[EG4 M#4"+=SO/_+GF5?.STJ[[YY#F#W%:#9*.RZSYH.*2E)]40<#0OC!]WP[\T'0L M*XPL=0U"724-0L,CM]ATT.1R&01M'2UE\F^RQ!$/O&BY3(0=#/!EKP&-ROH(13@1NGB'1%0GAT2U]NX M/3(V(FQ$*ZKPSF\C*M.!7&1H2-:.5E MW_A?&+W?KC/LYK"::]BRW'E%,W19Q ]<8BDT]%Y8G[.&68Z;(!7TMMI\JS!DF'-J8VT;.B(PTQ4K9,,HUM:G+9 MZS5=T-HZHIM*37N'=HH%:^-J+DTVL,[9AEMX'*I:O;;?7;,[I^:;+N"1&[F8V9JSNX3UA/)N_0N$VR[U>\U;\MB6Z*EQD=+784F MC9)>*#JO?_[CC^/B[0.EHW>?ZOQ84212?*ZR8Z^KSH!\R-_X6-XG6>_7/__W M?_VQN>1G22[RR_TO(U:55U1EH_RK7]C]GU[=7HML^[^Y__IV_OZUX]K^>^\ZO+YUO/>NZUY'MGMS?>V&7O#>?_7GA5VNX)U-T Z"?:XW_O M#28 >RW0]JK^[=4;P?42I]^SY+OLARRQ2'N_C>.*28T8V6/*\F(0CP1MZ'>6 M9".1L"\*#>9^Y<)+Z[Y!HA" JSE9*I#=\R\^\!O5?0%[V7 X3N/RZ<=1]LAR MHQADHY'X8I5C7C3#JW[CP^,0E94 Y8#;V0^#;%RIB[_S>_!/OY:RZYGF[ZAY M-6)Q6"HJDK.I IKRELL"*S%Y4;&1R+9M8GWC4KQ!_K;X$H_XCAWW!!L D_6\ M_!L+'+.63PPKBMP+8\LB\!+SQS%=?O:FXI697/*LTMT!V9OPVYN;@_9.H6Z%<7_#UYP\7Y4-<,[&Z0JC, MQWQ KU]]N?GPC>L%6>$CW]L',5BA7[X(VJFQ>$Q?U@Q94=O)7Y^[[>75/_F]N3T]'>W,Z_F0]B[$ MC86Z^E>6_SJ_F$*6Y U6O.N7WO'DCFL'Q[O+RB'R3>?JVNJ&0S2GH55[2-5N+ME5>DUUOK!PC>E:&_.+K;.?\4%8F4_" M/G,KT^I6GDD(@W1FOMQ63_LT[Q?&^XS_SWC=<"38YD^WEU_?3WZU?A)>23'F MD%AY^=]'LMWRZU>77__.+0'QV+=F-*.+9F[R9.;1T[M47$'@)N,6W\CK4= \EONSY$?H348C#?M>,YK*5BKJZ1K2$*H#)3,3$QV-Q'.% M_NAE#\*4*B;/X0/ILU%<1UTJ#O/*F.4[_5!VG7[(LKZPPIK.[G+TDS'(.:0U M"T?U[#J.4]0>"%^$?JU/Q)73]M#UJ 1!A/QV)H,XXL.D\C#9[[V!:(A:%VMG M?,66!G,Q\T:,?P[BI.I[/5T4?O/X7@0Q&P4J_*9B[9H2[B5Q7%DR:%4[8\G,T^:-JOJ- M-0[.9/X((:")45/9&Y6# M%8E.WRP5R\6-BA%?2 XR\0?_K6D3X]5';F'R2U]_R[AX&:%KOWDE36S127Q< M",&ZXS;GXYR]S\?'_([]>6L!I2#3!@4? [B30OR GX[ M+M,-O1TMA>%?O9U*[F>G+*1KXY4]GO*U]E6^E_VJ:XL0.%*[13-+O.#K"IFI ME5-%Z,+?\'PWN'@O L3IN*XXR/L)'\PMY3X@?R%53$>-]:6,?^,V9VR0<>?^ M"S>]'^F3-)/5C%$MI>\,0]$^_8%:82BJWK?JCM?36[^I @-5IH/T;Z!NQ4(=<9]=F]EVE*G+)25+.DON,1UQ2)]JJHC1YXCO"7<$OEWI$[EUR M@YRY;+(']\50EUB2ZKCJ5!^*_5.GO[16YOEWP_+HO5.4&[P;#N MK/ 2VJ;\/176% E5Y)!@KS8,L^Y[*L5]#H=W-)&95,6 \76KS2VY8R["9LZP M$I;X9,)JINK:+@E5 2A.>[FPVA:TT$00@Y\*81*,A^.*/Z[/N+DE[#_I\U0? M"]52*9E9TJ9I#)8[0]Q(8R+J6.99PT!E#!FW[_MRD6K=M9FZEB=%SSU9DK?3V_K?)SEEMWE(^?#D&\KBL MCH#0B1-NO(XOV 7_+M^'ZHU)_)SEQ9L%M[FVS>HH1_VEQGHB1E8%(PJ^L)+' M3JCJ(N8[6^/$-\>??7Z37BE38>M[5;3.9:4$Q=0D$3+?$A\R?H64%5K-YL+X MNU1GD]Y"S>AFGE,%?0M6/T&&3 M-;>MU5"8>,!0' M;'>L\0^%(N/O5VX#@AE;KI+TH[-4ZE&-D?3W63>Y0LM$3&4TA1K]L=A71GR7 MH;T!7\>$%D5\+RD%:^GG*\-B:6DU.=A\N;+) 6CU+?Z.ZELO.B&5!R(./,7* MO,WNWXXK0E56I5#4E^OFU-2;(&84(/?!76\KW+UI,/;+D>[/- MB&2-!RX-26TW\S%SSZ5^G]6\XAZ=;L]-M" NY"#DX+GL5)G.D]F7$]F:E_;FOR.6+AV(O9],^,,^'UZHH4)6H,M'X"SJJ7NBY MK;=@DWXC05(UD(J"TM:6V7Q#7=>A/4 MJLZ3UOMXJRS658:&S@?;?(-K&F?(;(^9#:[/>O*$F@.'K[AHXE3)O]CX*BTN M[;19D9@H<.[5RQ.#VGX3&KDY*9\JRFJW?,S&2;\Y#S?H1+WRCT1XN">BP%PQ M]V,I6'*+:;HKUUF/\Q&$:;Q3:)GE>& M@=A3[^+[<2ZRLU9M#S4)=&5E5([%TC?B^Q7-I^6N.A2/J93@"S/CVYC<>%?X M"S*H7[MIU=N(FPX0M#E_KN\R"3@+ T:Z&;62K,EQY6VYCHNS%ZS[ZM&-EIW; M_.<5P2@11-E\3&/NLL3_:;3!2C&;3<^8E:;:VMA \B?^3*^V@\5$^>80EV)+ MD=DBWV,^UNKK17WZ\33ULV:20X2L:JYD*H?K)1,Z(E6>)#?#Y.;X]FLI#L!G M/VH.0@(K?$->-<)5IQLM[%!"1(H!7]&W%=EQW8-&G$U)'$\VA)0+'7]!]'>I M[&7VUOFM6GK5C_(E2W=YX8]I8P>6D_A>CQ8#0Y3";!%97%)8P<9>?V7G M3K-*%\(F=1A/3/..I>P^+M4UI?G!)V[H*CIJ>"D,TFP=W*P;B]Q-,9&5\92T M/XG%5-_J3S(_^")(W5HT("NX$-4Q"LVQ=CE^$.KT!;!9?&-[]7566J\FTMJ MS';,C4#VC."+Y:WTF?CRPYC;4=)N3XT!WQ\GFY'X/A=7%H]J@U1^T@"VUHK2 M0:Z[!S7HFTI[&\A;@:@EE: &/Y9-3%M-P%ME2Q67>($:HGRQ5((9?K'#5^6! M2]-EZLG123M*L6W.!"^GGZ^RSN?/=6:$L!%2)3.IFKD*+*A9&$6G$FL2N+O6 M?T%9BZ73Z='SRXP3)ERPES1W2&;SDKXP<5PG/2&AP6=3JR;[Y&RP[SEES4W@ MA-:ZK@[,UWW*1):XR&"6ODMEEM??J_JGUO1>B:A>^+5Q*:K\JKG#AXFF(G7"O/Q1W'"5KI);4!6A)$M/+ ;2'[ICTZ8=5295LPZ+ M Z_2A81MQY^3-#;L)!HBPEKU"Y*!G;0_\TGUKIJ7P1_]V*+ANF%FT<9:7'.( MSP<4@K4 #]Z:UNK4RO>B&8PPX?GKN.-R)KWW%7CG-DHN3*.B[IUY'\^(=(I.$3ZG) M#YSVMIQ))JD_>> N5=&X!7(TPE60K=E3<=Z5T]H4G&3=QT):^%)7$9'I:$7@ M=B1N6\1<-+BYL/Q%/I,/_.]9)0?RRON)\I(G#_4XA/:L!I#07 M]>@K)"X;EZ-Q6;^X41X/!0BX&UNGD$[4].31O1GIKJ:_.(E""N>RASLK:=*N M;#Q%L6JSQSNU.JQM3W&FMO;ALST[*UE=',P15.2QP] X86[IA'G-MO!S=E%O M#=[JK:'*/_H@ UEO_\)-N$IX/W*%QF8"P]=L 3$_9^E4EJKT)>/UU_%=*?U_ MWS+?VN:;=\:5W%&>&F/C:X\;0#+2+L$P?]>_3'1+.E=.(, CJJS$D[[2I&XL MN?S\YVH#YG>VHAE&AZV()E_9?T' M\?/E9*M=85C1>"BO?1V_:8Y0IW+"70:^GU6I5#)B6[W=^B199'NF]Z*RN-Z= MN-OP)$_7IL->\?)$>0MW9>B=R">9V#ASOD@>%[_.D0%,C84[P>Y1R@0&0?Y2 MPW?ZP!5WFXYAZN^)]1G4ZR./EL2N-XA'15,@+RI*GAD&7X;I,U_'?/&JR.U, M:?WO]1I)6X8OK2Q.EI'&$?]Y&FP3PY@+/\KP(A-KOU3'\^PI\]K38U)-JNI& M/T'L2/1CY"O9[];A\HK:PRVK"VEY%7-R2_W'^7QY0H*EPUJ$FW/"F[> MNX$5.#?OK<"]#6Y,49/(_WL5.F[4C9I$E49,=TA:;BN.H"]5]E5=D;=W4^+5 MD]2YC'(A_TQNWL)$2*2;MI!89-"'G+'Z +&J[:H3TK)AI1MDJ@2M]%;5#51< M/.2^T' \-/+J;4S.-.;+Q] V%&U#T3;TL$25:!OZ\A(^OVQ+"B?<;=W"]7LH M^H@JE,H3[R2Z_P*=4B_1_5?#,T,2K*B*0HGFH@I6*'2(OX(B QL2-J3U7,+GTV!T_^4*/9,$SG+*.!J,GO2VAB92 MW=\,#M="ZB2BJ38)(I?8*RIR#KYL79$@A5IN??.HYQ-F-D]ZF4N5$2F%5;[B M;NDQUY>.&=S8[R]#VW3XOZ$;W4K*[EO/O@RO7:3'M)<>-YV+NEI-R15>3)(0)ZE(R#'J:(Y1J"3' MR(_.*<>H8Y1FWXB31OJK<[LF M5!A4V*XJ+")1V'[>EQ9RHS!HWF7GLPAYH4M'RM;2M:0-E7+YPTO'&A,4[.GC:U@*@KO*2*FJ:S@IBMO M&]Y3=[8=[2#AA,0QE6TNIP()>$^;U/W,-N(4_51;W&I.QYSS;&)OQ4%SWM:< M1J#3=]H.HG9=MZX(%GPO#7:Y\T%G8!-;7?3][-&IB>^F+S)WJD'< MN&3LX.BS3.(K9YL[[=HXH EH6H,F-R!AH*X$]1S0!!_PN13XHA"-;,?#<2*[ MO]*A:+?[GRKDZ+13TW4VEN=KV[>(:Q_?]EP6P&V7[H@RNHT0ZH)I???3LT)O M1$+K8*3O9XY>^)7:4,+K8#4>CA;^2"O60A*#&Q&KK3CV*F)X'>0(OCPT M+AHL"(FIKDX9&FS!,-NLO<7,O)8XW*<#W(,55E[V_Y[_Y]G9;3;"(RU]IP>G MC #?6#>D]=3RD;G)3C>/[[;8S#GDM\'W2R]R;A-SP]'O>[JN6]%6K)WA5BJL M55G]-F!SHBY%CFC4T#G'9+T1 MI)Q!_E]<(Q@WJ1BLL;)]SRZAT\XQ*;;/Q-\I:D7M3^-LTU+FN^SD%G<]=ZD3 M9-6=\78MAUB^NN.)KK]\A7ZLGKN@$@6S30>&TRV9L"QBJ3O9Z\KK/0I"SF9O MMKC;Y&2@%6!MV(%3&WQ9'& *6V&]L#Q=$9)SW].0.M3]O>!P:4,G M$43U(A*VI_J,F4[O,ZTVR6I;K?JCN$F33R<_>9Q+ ML9.V6)_ULER.Z9V 4FV(!R[QS.66=+LL@4Q>[.8LPY $X?)1ZDZSS!E_RR(G MJ\SXRUW19I3(W^+GF[89M.SF6JW,-#-LTSIU(>%37 [&[C)%PD6D&+%>&7]G MR=.%<3FK#MCO@A>MN"]G-*3H.,5TU4^PN''[P M(^+ZR^D$.\VR27>ODMQ9VF<=G77+VJ^C$JU,]757G/D4U>S_"]K](.Y5<^9@ M+H1_K<42"\=6[(+)FI8DR7K2L*UV*%'70I<; 2[''A\Q[?P.*BK,MA MZFH6/H7GZUDVK%592A_7O#:%+]T#MPOD(.FXS)H/JK,0^4GKY2NADO(5/SJG M\I6.78[:G14:H',G@QM7Y6QZ-*_F)+[]DIR5!A7(*2!'V\O1Q@E4NN=&5ME*5IZ91L9?DN,5UT[X(9KG3SAA[030^$%@D]M'^& M&Z6&J7X78Q9$UY.$(=\DMG7\_F7+PJ>1'@=+_2$]48!W EXO()X)DOK#@%<3 MI[YSP%6^/EHP[Q[2MM>#H-DR'1(ZJDV-;DL!H@-0+U OAU$OMDL<%\TF$71H MZ^SVO4S"FSN[W8YLNRN':3.RO:),6:^C-HVDM7-;)^011[\X^CU9NZU#IIE) M/'6=B[OR+N'?<=45VSE,/N"X)+.@!>&$X^NW"Z9%'W' ;3GB<'N'H%T>_ M'0%O2%P3>1LX^NTR<+>0.73W;7,)M3_=\3UBAN[!UDT+,4+\ 0H,"DP3!1;Z MQ%$7^H "6S#+3J4[.6@VM:#9/+4>VS*UH:'?-:.?%AB(-.:=6LLT]1@G"?]#$WN50E!F MQC!.X^%X:.1\J/PNJ4'Y<'(JYOM6S-VXHT7,_\ %7S)4\4G%W^/^F";\DB'E M5Z#U5]?W?P8;W(AQ6ZOFDZ813ZCN<&ZOBP(C5\6"$8 MI72]''1:6UG-E)BLRK9#Z/7- MLUFU2TJ-B.TK8R/JBO2W;0(!$2>,",M4F:5]*I! ?.BYS=96E]7?G2735^>< M3LU(2,P5'215RU97@(30!87DNL(Z>;,@-( 5+K73&' M>#8@=6;.?>< B(5K9>%:8432.O_T<%1)9Y#7W$H'L1U65 O)0ZP&6E(76866 M5.BT'I@J4VO!4VB8;T9!U_S\QQ_'Q=L'2D?O?A'$19=%PG5[;9M6\#?W7]^N7QEQGW] >^7;:\\)PL"RK4O7#P+7N;4#,[+= MFQLKN(HLUWGUYX67,KO +W -K7JG6W-C"_KI4XK[TQK>\:RW\M7PO M/4,*<9_ULEPR6[T3HE8]^&8X2K(GQHSZ#1J?$YH6^PYG]21WY\)ZZ?VTREU6 M_2J^/M>0SS6MU[^^D>NEZ<2:H+5QE0VY GPR!K0PJ-'GTY-_@:KLP..X-QC5D+#0SJP6J,%X+KK178GU>O:G8U<3/DAYM MLV?(V_.56'7SBIO-^$1[_"N]@?$YST9\"WGBGZ3TH;I)/2UB?/QX)4G:1E1L M,O&(@X#?E=[?QTE,2U;,C^ZW,7_)]W'%-DA['#1]FO:8\1B7 Z-@/3E6\?;I MFV885UF?71@W]_?BK]^9\;\T'=/\R;"(84611^27Y/T?Q1+ST0DRPS(3\R_* MN!R7C"_*],$]6@R,+!?+Q/)<-![)9I:K MQQ_-$GZ)>*B\*W_T<,15>D5U5XSO_EW_]8.@\Q -U+ZP[RP=,^,KR[_']?P' M',QB[?)Q4BT;7Z_)O.['><7-6,^/3=:#RA=VR^[RF66)Q-.XK,O%G[S(1A;Y M_X=\8%]+L87<\CD;4CA3KN?C]#LK2KD6-)&#E0^IUJ59Z0OCDM^?XU4\>5]] M5CF GDG,%?4TN]S+* 8TK\2X5TVTD!-]Y"^.XZ#@2\X74! .QD4QEN(W/SWQ MDL5RB77G+Z]@OXWY>B1/@BHS%ZR&?8,+ '\Q0IF(5\P70LG(/5/]*G"<362# MVP?.A?%+.HLAVS3=&0S1?C82#))2OWRE]\SX*\VYP??*&.79]UA8*?5J?:U M4M0H>6W9;Z0B$+\.^:_6 H(_+ ->/DR(?$4%.7E"0>KK*G$=TE_Y1(:T[ W$ MEV?U&E>. ME"VM7(H6D:7-<)WATU;Z%>@OLX+THU0RP'.3PJ&E0*Z6_\4!>L-M76+25 M#5:SELZ:F/5'ZZW[156 M^GV-!A_2/A,@F%7Y.Z)_"ZV&#:UO2I Q6EU?SZ+K%]YF/SW)WD/ <#G"=X[ZV:O MB1]<-WOKU>R.*\,OIQ1/X)X:O4OB8L!G.C$GYHP,(4]%;;!73@W[G?7&0E0K MT?R5/2U[_E/#^VG1L^7RQN+O4A"-D>!SGW"YQWGE6L\]7S84>(R%<4^?)..Y MZ#*0,O[5A-LT-)?V#1]@&2?\CJ(3:/51%3:8&0@1\MUG@D]>1C=JP+S/:-X7 M([B.^=#*+)<>CXB:%!E_6C\N>B+T(9:"2W[>8.Z./<2II*FOIRR!)QY,#'X! M=^OF;;+_D;U*,S[.VG.98IH.Y<<3/X0V9B-]F*!P_D[5JZ+)_!PGNF$;0V^C MD.4S6M BIJ]*"QYRT,YRU4?[^].^XXZMF"538T[-SUD7Q3:6Q?*IV:YG87/G:77$6NSX);_3S6_C M>"2NW^T,S76N3?.]=^/>7(7VK>?[MUQKVN[-]:WC7-E7ET<_0Y,?J#2ING.( MUKQ*8J0K>*J5S$UGDW!R-D/WCWMU1.4?6G\JTOKBN"DNRHD1734IXI* -D5[ MMBDR?=\._-!T+"N,+'5MBD(U;8JB4F&\&Q(O:9T'20G+V56*:>(]M+N'[<2QSG*NSYW@H M,CYE7'^Y*N(\Z0^=T".F@U8;\(U!"CI%A6=9)'"5\86="BK@Z3^3*L52D:_> M]A9S.HQ\OFT2YP#^:E<$!"ZI!GO5*<'+)F& )BUPEC9>PDG2DG26[L=Y&A+F[ M])"SHAUGZ853^=.Q]AS?YYN3NJYANRY<5Z0,SI8&V]WYP-,.(Q+Y@.>9.6OZ M0G.G8_J-SU0/#;^(6'9 O!75+*NG8'ONL[2O;6):(7%,U;O?[FLWE;]M%^^( M(OH&OF.'-M0SPJ]%0L\BD<+V=< OG,N3Z%2@@]EXN(8$)Y,''A!+^!>'[,^B M@R3!H8<.@P[31HMVSQ"US,!G@F'J.#( M!Z]<9QB&M.25DUT4#C7J'^P@()%V(B*';0>*&C\5-MY4?4ER>[O^>8MLZ5I7E;]>Y*L*-1M.[9-+'.YMF77 M2<7#$8US44JD#/\FL1QU Q2KOF ?I;.MZ/A2B)9^TH!2*D>F MJ\A1FYL1EQ8QH3[C1FU6U7/ULJ*L&R-6<972M@]M#2X"42-O^3\ MYFJ4._R.,_ [% &]-;_#,BWBVVHZRKHSL61AMR( M_C?CK\[X!__KF+\_5:Z*(BPYKDD"1[V)J!)+4:M84J;D/UU>&7]E<3GDYMEG M[E[=(J]M$;Z*F?_&-Z^ M$Q$_4--2=-';IT9O0/,'=?#ZP;*)%2HZJ;KG?IP8(O\;]Y$JSS@MXC[+Z^Z! M=TG\('\DZA>=F"LJ0-78!-RQ&K+<^,3R[T_I_Q3\AAD7)*B1[J@1BWAMA*_> M:ACL47Z$I,C2:#7(HVB,XJ5^HOFOK!PEM"='>IO0AZ*D]_?J8F91,A#U3 M*0!2FR!*U8DHU=H DS>-#963Z2K;NRR+6"T9X7I$AY0)Q.?/7^#)GJ@+HU#E?0-^^SPMJZ-!,;'*JS.ZJS!5=FL3)FUFMQPQ:\EDE/7Z/J MBUN,AT.:\^\51H_E96WD"R&_RC@@TJ?_*1I56@ZXN-\US<]8X6L;B"?\[-I7%2BMO-0*L*YA6R%7LNJC':J- X1,:NHGVT6[45 MS9 4%4X(-.V< Z.^GA,'I,_@\FO4R23.^Q+\*.*K&#C4NBEILM[ M67CRUZ6VR_^:L:H:@X@8CC+F'S \S+7T[IHP'E\ OV4E38Q;;OX;_Z )]ZD_ M5;Z#< 8@A*T(X:'7ZOA"]K=Q)H(QG_.XQV0,_U)6X-8'FX7T,3\(ZUVLAW$I MW5D('X1/B?!]Y0^*[_ED^;U^*?F%QB]W!58(GOOF'7^899Z@A87Q(K]4SN+70[# E7R:TO25=>OK@. MS0RA:J!J#J]JGDMS@[Z!OH&^@;Z!:0-5 U4#5:.9JH%I<[*-IUL/I6)ZT:^L129\!UY56V;:=!#4 -G)0::,&XZLK[A"Z +H N@"Z M+H N@"Z >W"LL$J'8KO/Q5NBW19W$I;.TIW>TJ#A/J_;*HNE/3GME MW66IE]"BB.]C_I7'N!S$J5%7WS:$JC//&L0LIWEO\%11$+\X"DG!6A2+ TJS M\H5!3?Y*C7Y<]+CD"Z*<'BT&AE#SQC#K\R'*.];='OH&39+J&W$JOE-Q:&?C MLOI%[!#\;L6(]003Q0(#\H7Q==P;&*,\^S?KS3V*WT8L4C8/?,^RQF_7MQFU9_9[R.6\F6I)SD>\6D.)>./N'._8OZ=?+-7 MTNH#00;$="+S_)AG%(QWU','Q#_IVK;E-.R?DBS:O5'XS+F7^)/JSHX M%*Q:P6IR,XN=,UIDJ:3FR&E:=:\2%+GB7=9CK&XH1L-HM61\"%V7==<$B-7)-'54.C-_&-"UC(4'?Q5L0W;$J0:%W'!AR2<:S="S5BUI@ M4IXXZ<%/Q61!9QN"3SB1J3HB\;;[!W>/=1@4PX>G&/;\"\\Q;<[[1&SYV"COSL*U6WP77)A_,-X:EGFQHN&E_HL'J>ND MU$5;2)M^-;+*MXKKV3 D#+WN'B]V&7-AK>D]A9H>,M2U]6E;;WOMZNUN[H#* M%?JG^A!(GNB-6&X4OXW%T M\8/-W8+VTR\@D-HLW+$$TJL%TO*VD)UGOUS__]W_]\<7K/F=)W'N:7"/3(/@O M7]C]GU[=7@O*Y[^Y__IV_L&MS>6=66Y87CI^I>1[=Y< M7WNWE]&M\^K/"R]IBS.^5>^X6P?TU:_BZ^]DE*Q7W:E9WT.<][:5=O")QOS= MIS3M,7F2GC.1\3/-;)')&+)C)58H\!9$@PT8YZ\6R&[K,#2KY$NCU%D?CPD,I;RFR7OFS=31-#SJ6,JW9Q33J%3)&261(R M0T,VY98WN4^JG*,X-1C-4S[Z8O?.W,<7CD; C7BF73:M>M?+6ILF +9%$=HV,R-+]^W S\T'CG(.=:GI3]OX5+Z0WM1L?SO] MT36G/S^)9KJ'#7Z)JPG[AE5]=G_-J8Y-T*3I]M8.&4Q33Y,D[VW\MC?![9SZP7N^VOO M.KH,[?>1*3SV&^O2,OT@ZH;'KM)!7\H26GK56]ZU!DN=5+7T#"G+?>$6R9?S M3I0D50^>O$1C\A:-:UK2?0>T>IK&Z[^G=-R/N4?U1N=0Q'P%!']'Z7[UF: M<-S!8^Z8.^:.N6/NF'MGYG[>^:IKO,&]>FU;WA&:;>_36CO<;0'#YVIN J/V M;(T;X5^IBD\A]P9R-E](N)N<::_UE*_E?K+H'$$47UC:8POG->L9C@7%IU[Q M0=B6A.TK&QF.LM17"!N$[1EA^]]Q"F&#L!U&V#[1'-LHA TV&X3MQ(0--AN$ M#38;A.WTA&T[F^UT$S[W;7[VI680/B9LURYT+=FP]J; ML6IMY-@D4)<&<2IJI7L:Y/2-'ZB (ZD *R!N%$(%0 5 !9RI"K!]XCM0 5 ! M4 'GJ@+\B-CJRCF@ J "H (T4P%.0"P;5@!4 %3 N:H RR&!NII_J "H *@ MS52 ZQ';MJ$"H *@ LY5!=@FB2QEY3FGH@-.C76F(UD(_,-AEO+[9;U?!UG2 M9WEAC%AN% .:L[=WM(A[Q]1":U_@B:FG??*N.J*WS(L#E$2?BC;32'&=OJD# M):.1DK&4>4=0,E R4#)0,JN43 0E R4#)0,ETZ*2<96=]D+)0,E R4#)K(K) M+'=\AY*!DH&2@9)1IV1,N$M0,E R4#)M*AEU?;Z@9*!DH&2@9)8NLR^"]HG9 M3D7)@/VCO;R;?IR,2]8_IMHZ,>VDCQ)2F4=S*KJF>VKE].T6*( 3R'&! H " M@ +03P$H"ZA" 4 !0 %HIP#4Y89 4 !0 %HIP#4Y6U 4 !0 %HIP#4Y51 M 4 !0 %HIP#4Y3M 4 !0 %HI@#LBP NP,(\9U(.?I0GZ2N_/_/SS+R2.&5O M!TS"W++-/\P,,-QM7I/+_M^J?YZ=4Y4&T&-)4@O@GUZ9K^3O_,WTFM_K4KUY%YQ8^OZT0VJ(D;]:NALM3+G__;4SSDN4& M2_NL;WRB>6\PW;4+;RZ[3#OLXFZ7.7_! T;[QK?L,>5+R5*^8T M+6BOC/FROO[*F/%S5K)GK(<=GK'<[V^'FU1#"FW+5C*F#^EW5I1#OHX%%S'C M[UQL4]EGBY9<&/\WB_D=_\'_.LY9H>)Y;PR:]M5(J>.:)'"4+*I:*?UT>67\ ME<4EWS6,SUE>WO/US""D&@GIA3);ZH\_CHNW#Y2.WOVM4O/)TVV (15O\QNW%]\G6>_7/__W?_VQN>(+H\E-4?))7J;]RUYO/!PG8L;7;)0S M?@-QX75<])*LX#.?W()O?*FP/[^P^S^]NKWFNT?P-_=?WZY?&7&??\#%Y^VM M?>T$5Y$=7%Z_?^]<15>.94>V>W-CO0^#,/!>_7EAMWS.,%IG%VVVV:Z]9L[$ M,!=23,7OLS=-Q4(F/RT9>5,C;1M;<8O95H9>%%U$=NA8GFO95N@[X1^:WH7< M"$GHJ&#OFA]^6G0-5MN1$^/%=>>LFNWMP&J$EOV';2W1^>OWN]P]ZM./>[FG M\^ Q]YTO]W4>//".]PZ\8^[ ._#>F;EK6BPW=1F"W2*+XC+YVV/E[=QE27^/ MXZWIZ*U7SZ]=[<0T(?*E'NQ[GX4]OWH]&=YK<_T^I'')/7'C*BM*$9^M8[-; M+&;'9*]S9ZF3X3HOR%H+:Z4A-B%.F^JNZ-QUUU_RK"B,RV$VYO>BI?'/0=P; M&%,S7A*Y MH_G3PU'.)4H>U0,3P,0!1.[FMW$\$@+724!T%:BWXSR-BP%_K\ I<'H(B9,A MUBLZBDO^Q/^\0,MVK$%^'=\5[+^*G5(O MK'W7PG:)%:)#^<$DXHR-G<.IFZNLYHBFH,*@PJ#"HL(ZK,"LBCJ.,I!C:"]H+V@O:Z\0"7-!>T%[07M!> MJK67XY/ "J"^H+Z@OJ"^=%-?'@E\94WNH;R@O*"\H+P0NH<*@PJ#"H,*>]E] M]'WB^W ?H;Z@OJ"^M%-?ENF1,%+6(!GJ"^H+Z@OJZV#JRS=)H*Z]\WFKKW-N MK2$ONZ;IW3A_,FYIG!N?:+)-:?)DS'8+_,U;5 TJ1YAC$D>=?W,J6.D>+#JW MHY\J(AS+)Y&GS&0&(H (S1'10A@?J J-$>%9;G$=Y=[J0,10,29(L*U20#+ M"8@ (NK+7#,BOJ*CS2R)EIQM ]"@.1H\WR*1 MNGQW( *(T!P1ENMP1$1 !! !1%0^M160*%)&9W8JB "]Z]JT#U;PR1M??WUJ M+>E#Z3H>U3MWW?9SW4\%U7R -7P-79 MXT +T&K!TS)#[%J %J#50M(-"GT0P0%O>$?%.9M09$ !&:(P(, M-T %4+&T3U@D]+!- ! Q-23\%&O#4 $/4.X9LD"L#G 40 $?460:P(U=K M _!0X\$'^QG0 #34]E+H$<_"6000 434^T-( G4U9@ $ *$Y("S/)X&Z@N93 M003H;=:F>Q1ESI*$&KV!TX.8 O8@M,%@ %@ M.@',"XCI*^L8"FP!6\!6!"M$-L6H 5HJ=^V!'TOL+7I M IP]W=R! " " "B<:E]$D4@2EN8)UAP MML@"^3FF#S2O>7&,OW^]; -7IY)U987$0]:5LJVI0YC3=\\Z%6S9EDDL1QDK M-, %< %<*-$$P "P0UB&ID5,&W5D !? U49'*861<& +V *VFLLJCC!B "#@2 0 L0P(RR&6 MJ^QH!8@ (C1'A$U<&S10P /PT!QA*"N QJ !LW18#DN,2VXU$ $$%%=YG$' M(H # 4 $'6"O4E"1UD^U:D IPWZ^3E+SECJ7'9RUD!NIN7S"_/)[XZRL&3 MSZ?2"&#Z[D^G B['MHB)&A: "^#2(D$% / +#IT7Y (A==G $N@*L%<$7$ M#F : EP E_H35M\EEH.="^ "N)2#B^];/O8M0 O0:B%3+G)!T@9H 5HM,-YX MQ+? > -P 5SJ$S0LM$P!MH"M5K(! X?X#EJF;+H FA#>J!.0#VE"T[YQQ=*2 M@=I&T/$Z-@HLMIPG=I;3Q8-#/ \=(P$( **UQ"&@ JC0'!6V1SQ361L# * MT!P0EDGL"(X$ % -(#P210JRZH!(H (S1'A8WL & "&.ND2%=H \!0VTI6 M0)P045<@ HBH$6$3WP(-( !0#3NM$L"'\1G"_,$K\5QE9AW !7 !7-.=BY@F MJ-F +6"K!?X-BT2H8P:X *X6P!5Y)##A<@%< %<+Y#8^\6QEF9H %\ %<$U< MKI!8#E@"@"U@JP6KT"<6: ( +H"KA2K/D%N%'B@/ 2Z 2SFX H]8%K %; %; M+7!'6<1% Z*-9403?IOVTJ ^4N-J/+S+694*U0:V-(.0%1++1B+AEO/$9G.R M@+#YEA(!$ $ #&[&*"\ 2J BIEMPB6A@QH] * :)+BB(VB50 "@)CDVA S M4G9B"4 $+H#P@8:@ :@H;K,=Q%D AJ A@8-Q'655=0 $ "$YH"P76*"(A" M " :[\$D#@AD%^<)QIMU\O*)]OB?>@/C$TWI QLR?H>K[*(-))U*.I5%+'7- M7DX^F4HCE.F[29T,M$SB!LI(;H$M8 O8FKA*/O'4<2$"6\ 6L-5X^71Y M]<^_$N/CYS9 I1EV0%V 3%IDTB[E2W@D")!:#D $-@F@ J@8BTSH*@(=)RH<5P:]>F">H;M;)R\]97@X^T_Q7XQ-- MDC8 ="K)5 $)7#21;7T!L#>=(;1<*0]1= EJ EOK^YRZQ0]#< %O EOJL!74Y"P 6@ 5@(9@!@ %@ MATBGL(D?*.N4 FP!6\#6)% 8$,\"USRP!6RI#Q1ZQ,()\L8B*$H+D!( "(IAS/)(Z->CP@ HBH$4',* (>@ ?@H0HV M^=@=@ :@H;K,-2,2!0B] A% 1+T_."$Q/65I(T $$*$Y(NS (I$-5L"%>8+C M9IW ?*:]^#[N&?^(V6,;^#F5)*J0^!$Z\;6^ -B:SA-:X @ M M'7)3 # M# ";1B!,$IK8O0 N@*L-AAL/9 & %J#5PKX5$"] P27 !7"I#\(3VP>T "U M2WT2M85"9@ +P%)O$+HAL=0EGP)< !? U5SFA\1&) /8 K9:"!)&)'+!@[WI M IP]N\UGFM-^7##C'S1)V%-KK;TT@Y'C$%<=C$X%+=T#AKX;CF: L.R0N.H: M+ 10(3FB #1#5 !5"P93CYQU1VD A A.Z B(@3 A ! !1>Q*>!T\"B B M9A)D?'4YT\ #\* Y'B(;K$] ]!0VTM12%P3'@00 4349]PN"1QEB8\ ! "A M.2 LVR%^ $0LS!,T-VNS/O)LR%+:9P8MC2M:4.,O.4W[K;0X.I7,*LLC9HB, MX-87 /O4^6$+Q!P & &@ %@ )B> /-,$C@@O@&V@*T6^H!$ZIK. EJ %J U M*<6T2.@BJ %L 5OJCZE@#@)7P!5B&0 8 *83P'R/A.H:D0);P!:P-5,.%#C M%K %;*FOH_")&2%0N.D"G#WWS=_&C*6%<<72DN5M $LW_'@6<0-TR]MRGMAJ M3A81%C&YP1;9J+X )H")UL)O0 50H3DJ'%LEIRT 4!H#@C;\TD0@M8 B B M)LZ$[Y#(@C,!3 3]2Y!W" $'H 'X$%>AO KT T3"TF1S ;>,K.]( )8$)S M3(0A<5P'@ @ (AZD[ =CSAF $S,SQ/T-^M$YBM-2VI\RE(^?^-S0GL@OGD^ MKK\H 72#@ , / # 3$^ 65%('%_9V3_ !7 ! M7,UE'@D=92$.0 O0 K2F^Y9'?/1/![@ KC:8.SP?]<^ %J"E_MB+6":@!6@! M6NI+HDV?6!&H!0 N@$M]R5Q ?!M$B< 6L-4*X90'PJF-902<.-FX''RF^:_& M)YHD;4!+,P0%Q'10T+WE/+'5G"P>G)#8%@ !0 0J,$ *H"*-1$SI?T< 0@ M0G- !,0-4),$/ /U66^33Q+6=07@ @- >$"Z\:: :&C2X0 /0 #34SH-) M0@_>- !0-3GVC9QU74 !" ",T!X87$4=?(^50 3@5:8.$ P P P \#T!%A(7 L)]H 6H*4^B8SX M ?BC "U JXT N@V.&V +V%*/K0C$;, 5<-5",3-8 @ L $L]L#QBP=$"MH"M M-HAZ31?0 K0 +?7;EDDL!S&,31< W#8E7[/'+.NWF/*D&81<$KFA*@2="E"Z MAPE]]QK-\."8-O'4M;0#(H (S1$!>AN@ JA83OH);%1; _ P\2/ $LF\ \ M-'Z$91'+QPX!1 13; 6_ 5 ] KQJH "K664VBS1+.(X ((**N@(E(A.,( M * : 1^L0.P!N[,$\0W:Q-^AB/6%Z4<1EGJ?%UE/,Q%J"\V22W*K*566(G MGUNE$=3TW:I.!EN630(+X *X "X=(FL & &@$U37RP72?> %J %IPO8 K9T MP99M$B<"41O !7"I3__T4>(,8 %8B&8 8 "83@"S'(L$(78O@ O@:H-7*HR M+6 +V&KA$%F "X'X31< [#>K$J$^9X\L!QW.!%3$5Y>7<2K(Z1Y(]-U]-,.# M2UP;97O _" LCV@ JA85Z2$/0)H !K@0P /P,.R#^&C@A5X !Z:_&FP0@$, M ,<:J "J%B-"I\XZLH @ ?@07,\6"0,E?74!!Z !\WQX!+7 1X6Y@D*G'7B M\HVF#_QO*3->?Z(Y3>D;8GP;,./K(!L5!BW;0-2II%DY/K$\E&2VO@#8K /< 7?J X(^B6QP>0!; MP!:,1@ , / # # "KK$.3!($+; %;P);R6I^ ^*#T +: +1B& !@ IA7 ML'DIR:B:S,AU6\BK>P%DSZ]A3S+9*%W%KXP9M-?+AGP 3WQ@1LY&65X:V;T1 MIWTV8OP__*XY>X@+_FS6-T;CNR3NR8O&:2DNN8_SX<4.R_YC2>\2MNK[,].? M6V23KY=Q"E[.V!R/=,L'])D[CU8XCN3)9)/-'HL2>KO_.F5^4K^ MSM] K_E]Q1I^BX>L,'YFC\:7;$B7U-MCW"\'[Z+H(K)#Q_)X>]>G' MO=S3>?"8^\Z7^SH/'GC'>P?>,7?@'7COS-S/F>Q4_O98>3MW6=)7$2"QK!8< MW=KQJ3^Q1K\;19;$?>/_F/*?O=Q>Y>OW(8W+F";&55:41IGQ_TM_6%4L!=&X MZ7"=K@55.HE-B-.FNBLZ=]WUESPK"N-R**)Q!BV-?P[BWL"XHGD>L[[XX"K) M"B8">I_Y/;,^I!!*#4H-XJ2W.!W1!]AJ=^B.CR#JX4?BN*;JAU#\>).*=@FL MZ*Z$:K4/?Z0I]E9ME:%6HO9^'"=B_,9+(G]%\WV8PTP3HW/>?:0LP*0 "0.(7'?LI(FD#7(VD&")KWQ M<)S0LJ-AIVLVREDOIHCJ !*'5+\R[[63B/B9B5+43@[M%)4)NDRL[3(Q8,8G MVN-_[@V,SS0O4Y9SUW%$C(\7GS SXX0 O0 MPMX%@ %@.@',=D@0*&L9#FP!6\ 6-B\ # #P P $QO@%DF"6U8A\ 6L*4> M6QYQ0X0-@2U@2WU4PR>.&0!;P!:PU<)IEQ >:CL6T+@ @ AYF6<3T 0@ H"H,SP"XKLP MF1;F"=:;M1D>XUZ1I<9':MRD/9J6M$_;0-&I)%!9-@E-9? Z^00JC2"F[PYU M,MB*B!\A\1?8 K9T2$T!P P &QR:.,3S\7F!6P!6W"Z@"U@2Q-L!1[QU>4; M %O %K UL0DC, 0 6 "6^I11,$8!5\"5YU>>I0L^I@*1[>-!WG]$,$#8' M1(0:/ "@&@M>PBH "HT1X7ED-!#[1$ 4!,BO%\"X ( "(.BYE$M.$9PU M !#UP7T MQIH !K@5@,50,6:K$F/1.K*0 $( $)S0(3$]F V 0_ 0^U5!R1P M01B[,$]0W+R0[?$EYFM@7+&T9'D;*#J59"K;):&'MK&M+P!VJ//#EB7V+DM9 M1!C@ K@ KA;#:0 8 : 32Q#AWB1L@Z8P!:P!6S!ZP*V@*V6O2X_)*$Z4FR M"^ "N";@(A'V+4 +T&JC$1QX;@ L *L%IGF?6#X( P N@$M]?VN36!$L0F + MV&JAY-0CD0\6J4T7 $PW<:_,< 6\ 6L*5#. T \ L$G.2T2<"/0!P!:PI=[I"HBOKODLL 5L M 5L3;%D>L0)EK10 +H +X)J BP0!"C$!+4!+?;Z<#=X; O :H$^P"6A#6X. M@ O@4E] ;1+?49:^!VP!6\#6Y/C8)5:HK+/\R6/K[&EO_LF*LHC[S/A,O\=) MG*5M@$LS#'';SP+CS;;SQ&YSLH"P')^$%CH- Q% ! KS@ J@8HUC'Q K0ET> M % P), ( "(Y0-+TR*>I:R\ 8@ (C1'A$="&SL$\ \U <8Q ^593D##\"# MYGBPW9!8%K@]@ @@HCZ-,'WN0X#< X@ (AH^#HOXIK*LCU-!!.ANUF9]Q$F9 MI>"Y>;'[)0E<9-BWO@#8FLX/6WY 0@_ES, 6L*5#=@H !H !8).@G$\"'R1M MP!:PU8;3%5K@D *V@"WUM-@.<4UP<0!;P%8+-#<68H6 %J"%> 8 !H!I!3#+ MSZ0)H0G>C3CY^*?F?C/N< ML:*DJ1@2OT&6LZ(-4&F&'8]$-G(&MYPG-IF3Q8-CD0"E1P $ -%>V VH "HT M1X5E$LM2=M #0 0F@-"^!&H3P4>@(?J,M26^4X)% 'N)//K=((=/KN6:>"+52T & M& &@ %@>@+,,XEKH]X9V *VV@AU>"'HI8 M8$O]01.Q/4 +T *TX',!8 "8 M3@!S0^*$8!( MH MY=@*N6%H*>M=#6P!6\#6))>)1"# ;0 K1:V+9LX%K"U MZ0)H0H#3.5P]+S59WF=Y,WMG]+O1S\9W"3/^CRG_V6D!ZYN*;UC\CD66Q/W) M#;N18?;#P1?PP.NEW@YP/8\$OK*TYA<7[@!2='RE!OT%_07]=9"SH]!S2.A M?T%_07]!?VFGOWSB!>J<12@O*"\H+RBOPR@OFP2!11Q/&9<(]!?T%_07]-?! M@E^>'Q!+8?(A]!?T%_07]-=A]%= 3-,C3JBN?2CT%_07]!?TUX'LKS @4:0N MPP_:"]H+V@O:ZT EH;[/M9>Z3F?07M!>T%[07H?17A&Q[(!XCCJ^".@OZ"_H M+^BO0YT]FE9('!/Z"_H+^@OZ2S?]%1#+C(CMF-!?+543_5A2/OV5WU_S\\P< M9\?[+1ZRPOB9/1I?LB%=KX%F+D_BE+T=,*GP+-O\PZ*4\@OGD2\_D L;IUS+ ME>\<(<@J5_::C7+6BVD99ZF1W1OE@!E7V9"_YJ?_*8PX_T*IRZOY0^.A_&AZSA&\!Q;MG MQ>"Y]3^ZC#XWN!E ]?C:L7P3$9O;2!:E1_P^^Y@TRX2Y+Z M.W]Z9;Z2OW-%T&M^WQX<0YH_Q&DU2#HNL^:#RA:0GSS&_7+P+K0N',_VO< T MW= Q(_L/C<+BRBBAHX*]:W[X:5$!36H#>'U[6DBOU M=76]M>7UITLCOS\"WZ_53\IVT_-82&]J ;^=_NB:TY^?N)+;>%4UJ>5ML$A)>],0'[SVSBNNFP(;7D_SM.X& CM"679#8G=S%/1 MUKP]ON_S3?@I YH^L$*Z+5E)$^[)\/\PZ;%4CH9P,RJOI!SDC!GR=1J,CZEO M+$U^RV'4N*B];3G9/NMEE7OT3BQRXZ7UV/".Y5.ATHX6ZK(RZ3OSU66\I=EO3KH\U5N[TV/B/DJ$-RI"P[$7)TUG*T<<]) MQ&&>B5K3A*8]5A#CCG&;/>6C% ==PLT\)DS7KKX6!\;J$@]>$L(C)QSLOU01 ML47*@:6.KD%KR=DI[*!G5+1S>RF4&)38;DMEF<0/(^)[Z@IOM!8=:#%HL8Z( M(K38YEI,4&<%)#Q 2TDM1&=?+:9)C+7-);SD Y.YEKN$-%[JS;#+4NW1@F'_ MU;!-F]BALN3JKKSDMG=[;.JGC G/);ZZKC_ !#"A/2:L'%X^UPP@3#^ M,X4T<3'*BKBN:TG[1L[*.-\ZU7?SOE@O'"=UI6_6_BO[V@X=$GDM$4+ML')3 MX=MVZ8XHGV\0^NG0CGA&Z+5(X'C$=%OJQ0+\ K_ ;YN[+W%#DX1F2W3^P"^" MENM38A@WI!4GP^C*Q=&EDQA-V#A4),> #PW!M??C=$X'V4%*XQ'6NS-5E IKY!X MGD5L9_ET=)?;&<;K<4K'_;AD_3<&+=4,LF6^A N=I?#T@+7 XT%[O?&P9A3L MS](;@L?C)#0Y>#S X_'RY:"RT';T6DU>D^.:SL4&SKEN'CP>D"/P>$".NB)' MX/$ CT!R,L2 (2*0NB-J5E]SV9H\] M_<0Q80=@M@$F@(D)BX?GDBC /J'"GNJ0IP@6#RWKB"W+(M[F1TVH(EYU'5@ MNK0CGA%Z'2LDEM52&2S0"_0"O6WNO8%-;!M[[V'0BX E&#RZ?@AS-I6C-C&Y MZ>*88/! 8.VPA@AT&'185U/[H,.@PZ##H,-TSNR##IOW-?/E Z>O>%T>2F*&G)+M/^Y93GX7J&YN$Z M+GI)5HQS]HVOP?LDZ_WZY__^KS].;R&O^$SS\NE;3M."]N1IWXK+N%I(Q3I^ M8?=_>G5[+0HW_^;^Z]OU*R/N\P_XA6\OKYS =2[MX'T0>>^OKFZO;\S(=F]N MS/>!:5Y>OOKSPMN<7>$7R !6J:*MA<%5)\WRUZ7RL:4WN.5=YZDSEIZQGDNC M?I&&?)/&[*O<=TBK)[H[F\;Q== 5WT%IG!KCE(NTW CETOT[B_F]OO-'?R*X*:B%;'Y35=T954 M-\6%\7<^&4FX4G!ED>>"GT6>HY/U]Q;\)3F+AW?CO.!C$(0M0LDP_FHE@\N( M\BV<#R!+^0Q+/MCA*,F>F(@S!?:%Z;OVX$?FHYEA9$% MII2%RT$6HNWHM9J\)L=BG8O!G#,S 9A2($=@2H$<=46.P)2B0.IF7#_A,1T3 MFGI75J(F=_/CAXA8IKH$.*W%9J>(-+)3P2H #79,#1:0R%'F#^DM-M!@T& = M$45HL&V:N)@^F)U4YWUT.9C::JTN^\Z2;"3]2'%BHF,V;"^.#R!%F1=F4\8E^\;TL39FL'#4> MXW)05RQ6[_B1%@=K#O]#2 )GF>)EEYF20PXZ"I9C$[L,6A[B'FSE,MR5I995&Y^5H94W ;@O-]=)(Z*'O+'D2FJJ7C(4@ M<0U5LR84QJC2AG*&_,-\S/_>%"0;L:ABKM5;\\4RXX+)_Y#7Q?(C62R?W1\. M9X&.;_6'P%$UZO)4-,&A8:7F!2S 2F,K]'K,C/L\&QJOR^R-0>_OXR2FPD:) M*TVQOZ%2B;Y'7$N-%:)$8JI!O?9):$;+#+P[#8NKOW$Z0S/Q>I0SP2SQ9H;[ M05(Y].>6_'DVA[%DNQA.2YOH0\XJP@L52D ;A+<*7V-Y>/H ^ /?R/M5'SFQ^+LT@>0J?[FY_M$Q'>/CQROC]2O^VZLWW##B M"WXG3?:)W:3J%7@7MO<'=:L]I)62X2[J)_ID.*9XG;8UX\_R!G0L JVE^"*5GZ;<4A9AC7D;VNC/%'34W&V5Y$M)EX])Q*USFO!1 MR2@[?_[_S&S?\J:SMYD8X3I[?I=)D346CHP'K3(>X[6VCY(7_Y&E*%2? F*PH3) P3N6O::TZ(XX9/A MEE&QYI!A3E 5A.3D"&]I,1 /^65<\B%)4L:O-#5N!;=A7/0R)0\YG-U9&Y7$ M6]%Z[)AFI4UL9SG9Z,@[I$7"8+GG/$Q+F)8[F9;J\!M8)/(4G;6I@XL?$=>% M1=DQB[+3ULK&INZ BC"RD3UR4Y=OR*,Y$U6CC?Y9JWD5/_O&Y.KSG.STS9,[#F&UW9EN4+)O;K:^\ZBF[-HS.Q MM^\G?&:Y(,$3R3-Y=>X@Z;3EH@I_:?;4^'' N*YG*>7?^Q]# #"^C_GG!4T$ MQ[>@L"YK1O [QK\Z9%J[4#=%&0\E5,5Z?.??$P3 MZ$)!P\ *G87EVSIZ>BX1W[GN;U+^GF:.^R8$](3KJFK78636PQ/[7'^!L8+V M?AO'5;=YHV#Y][A7\>M/W/H*LVF6OIWY:$&\7ECJ-FRA"E=VQ\E$H M?:E\AB+UJ-)^_/\B]"2C;,(S;!1+\R4QH+S?:!$YX#H^(%.0^.WSJC$"_[NX M[-7\B.4#:/_?XZ*4(;M7SY_VKC(_7K C9HV.K[T!ZX\3]LO]I8 A']DM7^N2 M?>2&:/\#'WSZ$'.5>UD4?"=\__2)_CO+KQ):%-M8)7X07(>7UY%E>N^#2S?P MHAM;6B6WGGUU8YDE7UD89>T-[DN9_GN./6NO$MQ M'6@^C[=Y0P_HI@="BX3>L!N%'/9:X4A3BD;SK;BZ,5OAS_69W$<@"^ M8*7K?E0BX=>^26Q+V:Z\]\)-A4\C/;Y<@@M/M#U/%."=@-<+B*>P@1_ >P). M?>> JWQ]M"#*.Z1MKPG/HNF0T%%M:G1;"A =@'J!>CF,>K%=XKC*>MIK(04( M.ASR[/:]3,*;.[M];6WC^W7E,&U&ME<0%.MUU*:1M'9NZX0\XN@71[\G:[=U MR#0SB;>"$/G,CWRZIQ4ZMT-!#YR4'G!=$JP@+3ES/0 O#$>_1SD]\H@;MM3X M!J='\%/5^ZD [Q2\(7%-Y&W@Z+?+P-U"YE2U]=,A;'^X[GTG<[KC>\0,#]C) M5 2MLBL^""NXV4OM2]=4X3N^'H]SV]KZV._=?.<"L@MMJ@ M5J8V_-^ZL:D9_;3 0%3QZDVHUBM&OX8U,8GI79S$HMGK"ZQK6R!WRE^U/R75 M:H(KP6#'TD(&$J^RHKS-\J^"T_ ]GW+_,WT2;%N7>O;/^];UV[7GAU?74C.+%N+._:O[SVSX03 M:T)B913C(1="_HUB0B??K+/L2%;W%A-_JZ@H!4W6F O&VSOQ7HP1?PL%FI"J MF$BWB+\/WH04?&H=Y5.S;"6$:MZ1&X,Y"6IT_[LHPDL M6O8V>FZW1=-"=L1U;9[<=DB1=6[[A!J#&MMMJ5:T*(?V@O:"]H+VTD%[>I#AMW8F]_J4T?NVR\7UBNLIHV+KRDMO>YK&;GS0B''7$A$ $ M$'$"B#!=L%ZKL*4ZY!^V6OK\[U>L!Y/CQE@=42:<\6B]85X4)L M08,-[GR@:1';41*_T=%!@4&!38@128:Q+/;JE9 A08%!@4&!18NQ:82YP %EA;?N5F!,3/ MT9L>D)!T/2,J7P)^ZU_N/Z2];,B^T=]O?A>W8^]9RN[CT\L;T[T-KKWP M]B9P;._&\Z^N*U[3T+V^M=^?":]I+)?3*.GOQBC/OL>%H#'-[B4WZ;!3A1R!#I1R%%7Y.ALZ43G1N O> 5O?<4>\-4XS_F-CPG:SJ>8]LJ&&H(:@AO81FL,0I'=% M O8U>S2)/[:YA-?LGG'/JK^+M[]OJKUV&?6O+8\$04L97.O7Y[PW?>SMYXPX MSU5G7 -N@!O@]FR"'[%MYU!XZPITCF)%=LB5;7-M/TR3UEZS*@WPC7%7)0*V M(V>J4IBU[D]PN-SFTV]Z(8Q^+VJID':7%=W*/M%"7!$@/': $#H4.K1-'1HH M9"B% H4"A0+MOE!"@6KAF&^SGEK(G4)_?GU%WL$&UNW"M-W6^H4*QJT*"%?7 M(3;'6OSBRZ)@97&9]C_&]"Y.XC)FQ=8UB(%O^;YG75Z%D6U>!E>>;45U#:+S MWG5OSJ0&4<1QN!Y@O;*0I8>,OZRS?.G^RR7#>+G MJA3CM)>,16EBG,H/4U8:_?IMR?M3^;X,6NY=@U?KKEH]R<7ILQX?L"AL?2>$ M]2#UC4KJ"3>=B\(JR)P9Q7@XI#G_0Q_5A]VO/@R5%!_ZT3F5H'7L ) MGG.]"^KO($<'K;_#\>IZJ?N9&\_9B DK,'TPDJPHYBWO8V)5[R!")Y*+]8A- MV19QHK#U]=)";/:-/6FDUSJWFT*#08/MJ,%LXCCM5XMJ(38*H^==]BF/6\W^ M.1=66_E$C%$>BPA;,A]"C5.CST8YZ\4ROBT2*6 M =9$?J>.G?(?RYS14I#\B3_V^,,HOVG&+^/O5G#Z[>*FG%QG+X^8@3*']E00 MW#VP=L[4.%U$6#8);!.00 QBT[7]1>PI;6#G?#KUV,1#&RWXT#IM;.<#3H?8 MAZM!/'EP:NH>J@[:K\AX:4?$T-&AS274/_(5$=-L2;N=:T>'[FFSSID94&!0 M8(JLLY X9DN^T[DJ,*4M:;;*Q%Z7S)W'WVD9?V?_?WO7^IPXDN0_[_P5%8[M MN)X(F=;[X>GI"&Q@KS>F'V-[9F,^791%870M)$:/=OO^^JLJ 0:#,8(2E*3L MB-DUH$=55N8O'Y65^3%*LR3GK6M*96^;O>[@RNI;KF'V!N:@W]7TKGJI7CKN MP.I?.2W)WB[R=UFFR'!!4?2 4Q3G69KAB U'1-[U,9*J]T]"WGTM5K*A=EZ= MYJ8N.WK'M%7/<"R!'5-L(4G+QH&)M_IITW[-D[[^P,D?F"]^*.E/F[%]Z.@/ MO/^T?.O*GZU>18FFJD)+WGY*?G';/*L '%7Q\7!1&=H":;F=M]:2N _EKL\Q MRSS!(>I.XORTG1@:QF2R,=;N ":2[ 9'&4:?XHA.$WT- ML0_ +_-QF^KW5@YE*&$;=)+LOQU*#T-5%3H

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

F_!2-PW$^*1QH[P/D*23@($HY)V7W"]"'P!Y,=O'SY?CI>NG7C8QK;O M6;;K)U9L!#TL#_&_X#L'F,5S(&J%2 HTGYO&@\TJ/:0CM)P_;Z'#L*?T_O+JQ!7H#RM$D/%'WMDIT 8G<7?"CH MR07ZW E].!#\]#^H\?_C9W"D]E^!FDTV4C9GO */Y',/Y4/WU6+7_HG]\+0# M]RI\\L;T8'9W+W^B<5YSRX6&E88,M'TQ]0RP$#NN;2$_=EW'-*W @P[J@&&, MU6>TC/PQ"WS0Q]&/DNRCNRZ/8PJK2/:6@%D_[ M6FO$E\#F]]_T/' QU^G(!]_PW*R)H5KGJDL0%W/R[(GB\XQOACQ/A%K)?$^+ M]]:?]^DQ6R#_T\B[>!XX!$:?24_*ZM5#Z;!B;T T#R3OF6_I+71GS&./K4=/ MM(SRPA;'-6W##EW3B>W8C)P$VW9KBPD#5S)U7),%N@\_#$ "BI+$(C*2F(0U MV_!H+8KVJ3:,41.D\\\U$2N=X[:LGDUJ6K/!T&XR@^DM'YL$ ML4^LP2KY.AL%K]*M$+A/CY6%4'VH=B6#]FW M]$_\)X6215F1W>:'C1UY&*/0\:S(B3UH>(EOAI:#L8--UT9Q=WJ7+S)/;(Q+ M+)^?VA4,H@T^L:@XE4&^\#4'=5)QI@4&&F2 0 ,M-O!3B^[\I5]: L X52-* MK8CC=4BJ*F-*+?U0]!CF;4::W9UK%3L0>8X9>MBG6FC V'>[5B,G<,54:FIK MVF6J RAZ G,BB7Q"-0M[DB !Q6=V+10; 30,PP(3=-.#)_!<0/? M,7U;Z,8F72 T%S+PP^.^?,HRT&*4*53HS%Q;"&S*A$##9ZC[MQ1 M#PZODU1_J21?EN$11=7NM'5(K7XS7]Y)-0^OO.),,NZ\OKZ%VRV]-X3>?%KN M\^U3\^_!;FH3>]@,L.L']-5<"^(D"=W0L0W3"HS$$)%B14UJ%EZ&DM;Y/I,? MZA;0Q'17%;=\*KL K6*:VC-Z@G@%&GC@]_:_BRDH'WLC>JF8_G6HHVJC2JU= M5K#45Q8U:6C'!O9O:973^F)W$S0F< XMD(WC17[@>9%!&'1LTCJ1XJY].W*% M'DM5UZKV%;0!4#IJ?_N !2N!Z@CF+ HNPJU@?7"(\0IT*$_7U#[NFZS4N!CA,W2"(4.:%I M&L@V[#CPN[8=Z+A" JFD1=WB2-"QW)#]88"3?7%P\P/]OJ!JJF&<4S%G)UM0 M+<_QO")]Y*%P3!N5NF ENJC6II>:J($Q7CW\DGW/BF/V)=N6=T7.]JB]:-<. MH@"93DP?8#,=.[)>QCH<176:.:):W#*?QZAB)*.9=4EF!3< FEA7C%EJP.;!K7 MPUR/U/$R.;94HMH9ZQ ^]6:]?IY#!V\\A_SB]#$_I/O\7RRQ+F_I/L.7K?K0 M3_S8AY9IX\ +XC!VP[[5*.3*:E6UI3V?'4)L]DC7(H?NE/ Y+GU+4"F:K;[% MHI#$Z2&6_QS;W 3+'4_[QWU6@!1L*;MY#2HR@2)BN".2F-_E1;K?/P'ZRFH! M\F);96F=@4-)_YK6=48"4;/<< 5R]MMUFN_H]V\RL.VLSW9_!=_NR3$^/;"C(^7QL$^?Z&\=R.?2 @][S;7]/9#1[32[_'"LLBOPXS[?WI-/I5MM M:O"85H?N#-VAI#_,T-]T:V+TZPP>;9C\<4]&<9&R:U9H:V5K9',&C_YF8V#6 M;MC*'QZR74X0$=/S@OW4(WO"\O0+.3VTMZ7[%8EQ\-/@9]:DX.98YT56TPMACH0&@O;FF._I M64'R)=+3[NEWKT!VFA !G3I].-5_-H81)$%L64YDNHX9)8$=1EV;T N$7OF; MUI+FD'T"1(?DWXMMOU) !NE_E3GY^F_DFT2*!*LS$_GERU_FHU8LA#>X0 ,, M#) MGZB,4C:2G:BA>ATIB2);2AV=47#?51L?X_+A)B^8B'8-1MBR(L>"*/!M M:"=6'&/<%WV0@83V6LDWHUF_X):P7N<2]SY-H8Y/G69B34R:.E!@B&HU993S ME(WMF9K.\SIT284A+_=&J>)&]%11?)]6=]FK]33'"^G9RB1P3=]/8B,*3*MK M%%F6D"I-;$JS,O4'8UIX*9&GD4Z@9&113J9?DK:?0.T[9B$HIXGH=2J7* MF#,GBY1PQ*M8'QX>T[QBK\E6**\?RSK=7]_2FVH_YM^S'63EB)=0S#A)($S" MQ,!A0$]AND&_I.9[6$C'M #0/N_J-MNR6R].)HC)G![N^<1O<=K%)/$$EPQO MT &F93)VJ3+##!K0ZU%+&8Y'-%2KR]:AK'I-+&<< H(W9+UY<4=S:RS@8CN#C4/?Q3!P?(B0;9MFY)XJ@R@*0J'[K32TKUF#W[R!ZMD=0C+74>GP M Y\@+^T",3T^?WME@Y@YYODM]^O)LR6H'I%EG8Y;ARIKM?#E14C:V>3/Y:O\ M.UL]?!4$C AB"$W71[X5N-#S<$#+F3["R,0Q%+I:<$(SVG/X#MG@T?%F=_Y_ M9KL[.OMMKY',Q1-\>6YYD_M9:!5-['M0ZYFEGF=J-)^?3.\ZM$V%(:_R>$7< M<.?PW54DKYH+/"^Q$ R18888PO1GW,TC67"4YE=A_9,-^-E1JN&%^ZL-;NC4X(OV6-9G3]Y[MI! MX@7(39"=!'&"/1_W&T\))*[G&]2VJ#LS;4"22=-M63U(W'FAB%?.O'-V2@4S MS9;-'N!ZE(N+NK',42GUZ] TQ3:]S XU,,:K=DF:5[^E^V-V?9OD15IL\W0_ MR(O:7!0:B/R/S/(\/XX"(S*QV]^S@9'']3:IVA8UJQT%"1A*6HWO<0Y31C'U M4\0SG_K-3[&8^G&PNQX]Y")S1 _5.F,=>JC8IE)G]Q6^^X?6XJKV+>GZC[C* M=OF!_FD38.Q&5@@1='SLN@XVW&Z^:;OTXE>QVWZDV]&L?<^@T0%*00E?\"// M(I_&S46@F+(]YXZ"N0(-L/8O:U&U$?I&M$P%Z>M0,"66O+Z21Q$[O&KU]YIH M)*X/.4G(LGIC&P;V+=^QC"!P8_KOH+OIQ\:Q'XL(E.!':]:D7],B;9Z& #TF M,4D2I8I/A32R)"8\! B5ZA[*>I3F.44CXB+)Y3KT1!9\J:0_B:G&I^S'X&+% MJBS('[?98&[U,O7$%H[

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�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end XML 130 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.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; } }; Show.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( '-', '+' ); } } }; XML 131 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; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..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 133 FilingSummary.xml IDEA: XBRL DOCUMENT 3.8.0.1 html 481 498 1 false 209 0 false 12 false false R1.htm 0001000 - Document - Document and Entity Information Sheet http://www.macerich.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 1001000 - Statement - CONSOLIDATED BALANCE SHEETS Sheet http://www.macerich.com/role/ConsolidatedBalanceSheets CONSOLIDATED BALANCE SHEETS Statements 2 false false R3.htm 1001501 - Statement - CONSOLIDATED BALANCE SHEETS (Parenthetical) Sheet http://www.macerich.com/role/ConsolidatedBalanceSheetsParenthetical CONSOLIDATED BALANCE SHEETS (Parenthetical) Statements 3 false false R4.htm 1002000 - Statement - CONSOLIDATED STATEMENTS OF OPERATIONS Sheet http://www.macerich.com/role/ConsolidatedStatementsOfOperations CONSOLIDATED STATEMENTS OF OPERATIONS Statements 4 false false R5.htm 1004000 - Statement - CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Sheet http://www.macerich.com/role/ConsolidatedStatementsOfComprehensiveIncome CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Statements 5 false false R6.htm 1005000 - Statement - CONSOLIDATED STATEMENTS OF EQUITY Sheet http://www.macerich.com/role/ConsolidatedStatementsOfEquity CONSOLIDATED STATEMENTS OF EQUITY Statements 6 false false R7.htm 1005501 - Statement - CONSOLIDATED STATEMENTS OF EQUITY (parenthetical) Sheet http://www.macerich.com/role/ConsolidatedStatementsOfEquityParenthetical CONSOLIDATED STATEMENTS OF EQUITY (parenthetical) Statements 7 false false R8.htm 1006000 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS Sheet http://www.macerich.com/role/ConsolidatedStatementsOfCashFlows CONSOLIDATED STATEMENTS OF CASH FLOWS Statements 8 false false R9.htm 2101100 - Disclosure - Organization Sheet http://www.macerich.com/role/Organization Organization Notes 9 false false R10.htm 2102100 - Disclosure - Summary of Significant Accounting Policies Sheet http://www.macerich.com/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 10 false false R11.htm 2105100 - Disclosure - Earnings Per Share ("EPS") Sheet http://www.macerich.com/role/EarningsPerShareEps Earnings Per Share ("EPS") Notes 11 false false R12.htm 2107100 - Disclosure - Investments in Unconsolidated Joint Ventures Sheet http://www.macerich.com/role/InvestmentsInUnconsolidatedJointVentures Investments in Unconsolidated Joint Ventures Notes 12 false false R13.htm 2108100 - Disclosure - Derivative Instruments and Hedging Activities Sheet http://www.macerich.com/role/DerivativeInstrumentsAndHedgingActivities Derivative Instruments and Hedging Activities Notes 13 false false R14.htm 2111100 - Disclosure - Property, net Sheet http://www.macerich.com/role/PropertyNet Property, net Notes 14 false false R15.htm 2113100 - Disclosure - Tenant and Other Receivables, net Sheet http://www.macerich.com/role/TenantAndOtherReceivablesNet Tenant and Other Receivables, net Notes 15 false false R16.htm 2114100 - Disclosure - Deferred Charges and Other Assets, net Sheet http://www.macerich.com/role/DeferredChargesAndOtherAssetsNet Deferred Charges and Other Assets, net Notes 16 false false R17.htm 2115100 - Disclosure - Mortgage Notes Payable Notes http://www.macerich.com/role/MortgageNotesPayable Mortgage Notes Payable Notes 17 false false R18.htm 2116100 - Disclosure - Bank and Other Notes Payable Notes http://www.macerich.com/role/BankAndOtherNotesPayable Bank and Other Notes Payable Notes 18 false false R19.htm 2117100 - Disclosure - Co-Venture Arrangement Sheet http://www.macerich.com/role/CoVentureArrangement Co-Venture Arrangement Notes 19 false false R20.htm 2118100 - Disclosure - Noncontrolling Interests Sheet http://www.macerich.com/role/NoncontrollingInterests Noncontrolling Interests Notes 20 false false R21.htm 2119100 - Disclosure - Stockholders' Equity Sheet http://www.macerich.com/role/StockholdersEquity Stockholders' Equity Notes 21 false false R22.htm 2120100 - Disclosure - Acquisitions Sheet http://www.macerich.com/role/Acquisitions Acquisitions Notes 22 false false R23.htm 2121100 - Disclosure - Dispositions Sheet http://www.macerich.com/role/Dispositions Dispositions Notes 23 false false R24.htm 2122100 - Disclosure - Future Rental Revenues Sheet http://www.macerich.com/role/FutureRentalRevenues Future Rental Revenues Notes 24 false false R25.htm 2123100 - Disclosure - Commitments and Contingencies Sheet http://www.macerich.com/role/CommitmentsAndContingencies Commitments and Contingencies Notes 25 false false R26.htm 2124100 - Disclosure - Related Party Transactions Sheet http://www.macerich.com/role/RelatedPartyTransactions Related Party Transactions Notes 26 false false R27.htm 2125100 - Disclosure - Share and Unit-based Plans Sheet http://www.macerich.com/role/ShareAndUnitBasedPlans Share and Unit-based Plans Notes 27 false false R28.htm 2126100 - Disclosure - Employee Benefit Plans Sheet http://www.macerich.com/role/EmployeeBenefitPlans Employee Benefit Plans Notes 28 false false R29.htm 2127100 - Disclosure - Income Taxes Sheet http://www.macerich.com/role/IncomeTaxes Income Taxes Notes 29 false false R30.htm 2128100 - Disclosure - Quarterly Financial Data Sheet http://www.macerich.com/role/QuarterlyFinancialData Quarterly Financial Data Notes 30 false false R31.htm 213100 - Disclosure - Subsequent Events Sheet http://www.macerich.com/role/SubsequentEvents Subsequent Events Notes 31 false false R32.htm 214100 - Schedule - Schedule III-Real Estate and Accumulated Depreciation Sheet http://www.macerich.com/role/ScheduleIiiRealEstateAndAccumulatedDepreciation Schedule III-Real Estate and Accumulated Depreciation Uncategorized 32 false false R33.htm 2202201 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://www.macerich.com/role/SummaryOfSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Uncategorized 33 false false R34.htm 2302302 - Disclosure - Summary of Significant Accounting Policies (Tables) Sheet http://www.macerich.com/role/SummaryOfSignificantAccountingPoliciesTables Summary of Significant Accounting Policies (Tables) Uncategorized 34 false false R35.htm 2305301 - Disclosure - Earnings Per Share ("EPS") (Tables) Sheet http://www.macerich.com/role/EarningsPerShareEpsTables Earnings Per Share ("EPS") (Tables) Uncategorized 35 false false R36.htm 2307301 - Disclosure - Investments in Unconsolidated Joint Ventures (Tables) Sheet http://www.macerich.com/role/InvestmentsInUnconsolidatedJointVenturesTables Investments in Unconsolidated Joint Ventures (Tables) Uncategorized 36 false false R37.htm 2308301 - Disclosure - Derivative Instruments and Hedging Activities (Tables) Sheet http://www.macerich.com/role/DerivativeInstrumentsAndHedgingActivitiesTables Derivative Instruments and Hedging Activities (Tables) Uncategorized 37 false false R38.htm 2311301 - Disclosure - Property, net (Tables) Sheet http://www.macerich.com/role/PropertyNetTables Property, net (Tables) Uncategorized 38 false false R39.htm 2314301 - Disclosure - Deferred Charges and Other Assets, net (Tables) Sheet http://www.macerich.com/role/DeferredChargesAndOtherAssetsNetTables Deferred Charges and Other Assets, net (Tables) Uncategorized 39 false false R40.htm 2315301 - Disclosure - Mortgage Notes Payable (Tables) Notes http://www.macerich.com/role/MortgageNotesPayableTables Mortgage Notes Payable (Tables) Uncategorized 40 false false R41.htm 2316301 - Disclosure - Bank and Other Notes Payable (Tables) Notes http://www.macerich.com/role/BankAndOtherNotesPayableTables Bank and Other Notes Payable (Tables) Uncategorized 41 false false R42.htm 2317301 - Disclosure - Co-Venture Arrangement (Tables) Sheet http://www.macerich.com/role/CoVentureArrangementTables Co-Venture Arrangement (Tables) Uncategorized 42 false false R43.htm 2320301 - Disclosure - Acquisitions (Tables) Sheet http://www.macerich.com/role/AcquisitionsTables Acquisitions (Tables) Uncategorized 43 false false R44.htm 2322301 - Disclosure - Future Rental Revenues (Tables) Sheet http://www.macerich.com/role/FutureRentalRevenuesTables Future Rental Revenues (Tables) Uncategorized 44 false false R45.htm 2323301 - Disclosure - Commitments and Contingencies (Tables) Sheet http://www.macerich.com/role/CommitmentsAndContingenciesTables Commitments and Contingencies (Tables) Uncategorized 45 false false R46.htm 2324301 - Disclosure - Related Party Transactions (Tables) Sheet http://www.macerich.com/role/RelatedPartyTransactionsTables Related Party Transactions (Tables) Uncategorized 46 false false R47.htm 2325301 - Disclosure - Share and Unit-based Plans (Tables) Sheet http://www.macerich.com/role/ShareAndUnitBasedPlansTables Share and Unit-based Plans (Tables) Uncategorized 47 false false R48.htm 2327301 - Disclosure - Income Taxes (Tables) Sheet http://www.macerich.com/role/IncomeTaxesTables Income Taxes (Tables) Uncategorized 48 false false R49.htm 2328301 - Disclosure - Quarterly Financial Data (Tables) Sheet http://www.macerich.com/role/QuarterlyFinancialDataTables Quarterly Financial Data (Tables) Uncategorized 49 false false R50.htm 2401401 - Disclosure - Organization (Details) Sheet http://www.macerich.com/role/OrganizationDetails Organization (Details) Uncategorized 50 false false R51.htm 2402403 - Disclosure - Summary of Significant Accounting Policies - Schedule Operating Partnership's VIEs (Details) Sheet http://www.macerich.com/role/SummaryOfSignificantAccountingPoliciesScheduleOperatingPartnershipsViesDetails Summary of Significant Accounting Policies - Schedule Operating Partnership's VIEs (Details) Uncategorized 51 false false R52.htm 2402404 - Disclosure - Summary of Significant Accounting Policies - Revenues (Details) Sheet http://www.macerich.com/role/SummaryOfSignificantAccountingPoliciesRevenuesDetails Summary of Significant Accounting Policies - Revenues (Details) Uncategorized 52 false false R53.htm 2402405 - Disclosure - Summary of Significant Accounting Policies - Property and Investment in Unconsolidated Joint Ventures (Details) Sheet http://www.macerich.com/role/SummaryOfSignificantAccountingPoliciesPropertyAndInvestmentInUnconsolidatedJointVenturesDetails Summary of Significant Accounting Policies - Property and Investment in Unconsolidated Joint Ventures (Details) Uncategorized 53 false false R54.htm 2402406 - Disclosure - Summary of Significant Accounting Policies - Acquisitions (Details) Sheet http://www.macerich.com/role/SummaryOfSignificantAccountingPoliciesAcquisitionsDetails Summary of Significant Accounting Policies - Acquisitions (Details) Uncategorized 54 false false R55.htm 2402407 - Disclosure - Summary of Significant Accounting Policies - Deferred Charges and Segment Information (Details) Sheet http://www.macerich.com/role/SummaryOfSignificantAccountingPoliciesDeferredChargesAndSegmentInformationDetails Summary of Significant Accounting Policies - Deferred Charges and Segment Information (Details) Uncategorized 55 false false R56.htm 2402408 - Disclosure - Summary of Significant Accounting Policies - Recent Accounting Pronouncements (Details) Sheet http://www.macerich.com/role/SummaryOfSignificantAccountingPoliciesRecentAccountingPronouncementsDetails Summary of Significant Accounting Policies - Recent Accounting Pronouncements (Details) Uncategorized 56 false false R57.htm 2405402 - Disclosure - Earnings Per Share ("EPS") (Details) Sheet http://www.macerich.com/role/EarningsPerShareEpsDetails Earnings Per Share ("EPS") (Details) Uncategorized 57 false false R58.htm 2407402 - Disclosure - Investments in Unconsolidated Joint Ventures - Company Ownership (Details) Sheet http://www.macerich.com/role/InvestmentsInUnconsolidatedJointVenturesCompanyOwnershipDetails Investments in Unconsolidated Joint Ventures - Company Ownership (Details) Uncategorized 58 false false R59.htm 2407403 - Disclosure - Investments in Unconsolidated Joint Ventures - Narrative (Details) Sheet http://www.macerich.com/role/InvestmentsInUnconsolidatedJointVenturesNarrativeDetails Investments in Unconsolidated Joint Ventures - Narrative (Details) Uncategorized 59 false false R60.htm 2407404 - Disclosure - Investments in Unconsolidated Joint Ventures - Financial Results (Details) Sheet http://www.macerich.com/role/InvestmentsInUnconsolidatedJointVenturesFinancialResultsDetails Investments in Unconsolidated Joint Ventures - Financial Results (Details) Uncategorized 60 false false R61.htm 2408402 - Disclosure - Derivative Instruments and Hedging Activities (Details) Sheet http://www.macerich.com/role/DerivativeInstrumentsAndHedgingActivitiesDetails Derivative Instruments and Hedging Activities (Details) Uncategorized 61 false false R62.htm 2411402 - Disclosure - Property, net - Components of Property (Details) Sheet http://www.macerich.com/role/PropertyNetComponentsOfPropertyDetails Property, net - Components of Property (Details) Uncategorized 62 false false R63.htm 2411403 - Disclosure - Property, net - Narrative (Details) Sheet http://www.macerich.com/role/PropertyNetNarrativeDetails Property, net - Narrative (Details) Uncategorized 63 false false R64.htm 2411404 - Disclosure - Property, net - Assets Measured on a Nonrecurring Basis (Details) Sheet http://www.macerich.com/role/PropertyNetAssetsMeasuredOnNonrecurringBasisDetails Property, net - Assets Measured on a Nonrecurring Basis (Details) Uncategorized 64 false false R65.htm 2411405 - Disclosure - Property, net - Quantitative Information, Unobservable Inputs (Details) Sheet http://www.macerich.com/role/PropertyNetQuantitativeInformationUnobservableInputsDetails Property, net - Quantitative Information, Unobservable Inputs (Details) Uncategorized 65 false false R66.htm 2413401 - Disclosure - Tenant and Other Receivables, net (Details) Sheet http://www.macerich.com/role/TenantAndOtherReceivablesNetDetails Tenant and Other Receivables, net (Details) Uncategorized 66 false false R67.htm 2414402 - Disclosure - Deferred Charges and Other Assets, net - Schedule of deferred charges and other assets, net (Details) Sheet http://www.macerich.com/role/DeferredChargesAndOtherAssetsNetScheduleOfDeferredChargesAndOtherAssetsNetDetails Deferred Charges and Other Assets, net - Schedule of deferred charges and other assets, net (Details) Uncategorized 67 false false R68.htm 2414403 - Disclosure - Deferred Charges and Other Assets, net - Schedule of estimated amortization of intangible assets for the next five years and thereafter (Details) Sheet http://www.macerich.com/role/DeferredChargesAndOtherAssetsNetScheduleOfEstimatedAmortizationOfIntangibleAssetsForNextFiveYearsAndThereafterDetails Deferred Charges and Other Assets, net - Schedule of estimated amortization of intangible assets for the next five years and thereafter (Details) Uncategorized 68 false false R69.htm 2414404 - Disclosure - Deferred Charges and Other Assets, net - Allocated values of above-market leases and below-market leases (Details) Sheet http://www.macerich.com/role/DeferredChargesAndOtherAssetsNetAllocatedValuesOfAboveMarketLeasesAndBelowMarketLeasesDetails Deferred Charges and Other Assets, net - Allocated values of above-market leases and below-market leases (Details) Uncategorized 69 false false R70.htm 2414405 - Disclosure - Deferred Charges and Other Assets, net - Schedule of estimated amortization of allocated values of above and below-market leases for the next five years and thereafter (Details) Sheet http://www.macerich.com/role/DeferredChargesAndOtherAssetsNetScheduleOfEstimatedAmortizationOfAllocatedValuesOfAboveAndBelowMarketLeasesForNextFiveYearsAndThereafterDetails Deferred Charges and Other Assets, net - Schedule of estimated amortization of allocated values of above and below-market leases for the next five years and thereafter (Details) Uncategorized 70 false false R71.htm 2415402 - Disclosure - Mortgage Notes Payable - Schedule of Mortgage Notes Payable (Details) Notes http://www.macerich.com/role/MortgageNotesPayableScheduleOfMortgageNotesPayableDetails Mortgage Notes Payable - Schedule of Mortgage Notes Payable (Details) Uncategorized 71 false false R72.htm 2415403 - Disclosure - Mortgage Notes Payable - Premiums and Discounts (Details) Notes http://www.macerich.com/role/MortgageNotesPayablePremiumsAndDiscountsDetails Mortgage Notes Payable - Premiums and Discounts (Details) Uncategorized 72 false false R73.htm 2415404 - Disclosure - Mortgage Notes Payable - Footnotes (Details) Notes http://www.macerich.com/role/MortgageNotesPayableFootnotesDetails Mortgage Notes Payable - Footnotes (Details) Uncategorized 73 false false R74.htm 2415405 - Disclosure - Mortgage Notes Payable - Narrative (Details) Notes http://www.macerich.com/role/MortgageNotesPayableNarrativeDetails Mortgage Notes Payable - Narrative (Details) Uncategorized 74 false false R75.htm 2415406 - Disclosure - Mortgage Notes Payable - Future Maturities (Details) Notes http://www.macerich.com/role/MortgageNotesPayableFutureMaturitiesDetails Mortgage Notes Payable - Future Maturities (Details) Uncategorized 75 false false R76.htm 2416402 - Disclosure - Bank and Other Notes Payable - Narrative (Details) Notes http://www.macerich.com/role/BankAndOtherNotesPayableNarrativeDetails Bank and Other Notes Payable - Narrative (Details) Uncategorized 76 false false R77.htm 2416403 - Disclosure - Bank and Other Notes Payable - Future Maturities (Details) Notes http://www.macerich.com/role/BankAndOtherNotesPayableFutureMaturitiesDetails Bank and Other Notes Payable - Future Maturities (Details) Uncategorized 77 false false R78.htm 2417402 - Disclosure - Co-Venture Arrangement - Narrative (Details) Sheet http://www.macerich.com/role/CoVentureArrangementNarrativeDetails Co-Venture Arrangement - Narrative (Details) Uncategorized 78 false false R79.htm 2417403 - Disclosure - Co-Venture Arrangement - Schedule of Co-venture Assets and Liabilities (Details) Sheet http://www.macerich.com/role/CoVentureArrangementScheduleOfCoVentureAssetsAndLiabilitiesDetails Co-Venture Arrangement - Schedule of Co-venture Assets and Liabilities (Details) Uncategorized 79 false false R80.htm 2418401 - Disclosure - Noncontrolling Interests (Details) Sheet http://www.macerich.com/role/NoncontrollingInterestsDetails Noncontrolling Interests (Details) Uncategorized 80 false false R81.htm 2419401 - Disclosure - Stockholders' Equity (Details) Sheet http://www.macerich.com/role/StockholdersEquityDetails Stockholders' Equity (Details) Uncategorized 81 false false R82.htm 2420402 - Disclosure - Acquisitions - Narrative (Details) Sheet http://www.macerich.com/role/AcquisitionsNarrativeDetails Acquisitions - Narrative (Details) Uncategorized 82 false false R83.htm 2420403 - Disclosure - Acquisitions - Allocation of Fair Value (Details) Sheet http://www.macerich.com/role/AcquisitionsAllocationOfFairValueDetails Acquisitions - Allocation of Fair Value (Details) Uncategorized 83 false false R84.htm 2420404 - Disclosure - Acquisitions - Gain (Loss) on Remeasurement (Details) Sheet http://www.macerich.com/role/AcquisitionsGainLossOnRemeasurementDetails Acquisitions - Gain (Loss) on Remeasurement (Details) Uncategorized 84 false false R85.htm 2420405 - Disclosure - Acquisitions - Reconciliation of Purchase Price to Fair Value (Details) Sheet http://www.macerich.com/role/AcquisitionsReconciliationOfPurchasePriceToFairValueDetails Acquisitions - Reconciliation of Purchase Price to Fair Value (Details) Uncategorized 85 false false R86.htm 2421401 - Disclosure - Dispositions (Details) Sheet http://www.macerich.com/role/DispositionsDetails Dispositions (Details) Uncategorized 86 false false R87.htm 2422402 - Disclosure - Future Rental Revenues (Details) Sheet http://www.macerich.com/role/FutureRentalRevenuesDetails Future Rental Revenues (Details) Uncategorized 87 false false R88.htm 2423402 - Disclosure - Commitments and Contingencies - Narrative (Details) Sheet http://www.macerich.com/role/CommitmentsAndContingenciesNarrativeDetails Commitments and Contingencies - Narrative (Details) Uncategorized 88 false false R89.htm 2423403 - Disclosure - Commitments and Contingencies - Schedule of future minimum rental payments by the Company (Details) Sheet http://www.macerich.com/role/CommitmentsAndContingenciesScheduleOfFutureMinimumRentalPaymentsByCompanyDetails Commitments and Contingencies - Schedule of future minimum rental payments by the Company (Details) Uncategorized 89 false false R90.htm 2424402 - Disclosure - Related Party Transactions - Schedule of fees charged to unconsolidated joint ventures (Details) Sheet http://www.macerich.com/role/RelatedPartyTransactionsScheduleOfFeesChargedToUnconsolidatedJointVenturesDetails Related Party Transactions - Schedule of fees charged to unconsolidated joint ventures (Details) Uncategorized 90 false false R91.htm 2424403 - Disclosure - Related Party Transactions - Narrative (Details) Sheet http://www.macerich.com/role/RelatedPartyTransactionsNarrativeDetails Related Party Transactions - Narrative (Details) Uncategorized 91 false false R92.htm 2425402 - Disclosure - Share and Unit-based Plans - 2003 Equity Incentive Plan (Details) Sheet http://www.macerich.com/role/ShareAndUnitBasedPlans2003EquityIncentivePlanDetails Share and Unit-based Plans - 2003 Equity Incentive Plan (Details) Uncategorized 92 false false R93.htm 2425403 - Disclosure - Share and Unit-based Plans - Stock Awards and Stock Units Roll Forward Activity (Details) Sheet http://www.macerich.com/role/ShareAndUnitBasedPlansStockAwardsAndStockUnitsRollForwardActivityDetails Share and Unit-based Plans - Stock Awards and Stock Units Roll Forward Activity (Details) Uncategorized 93 false false R94.htm 2425404 - Disclosure - Share and Unit-based Plans - SARs Narrative (Details) Sheet http://www.macerich.com/role/ShareAndUnitBasedPlansSarsNarrativeDetails Share and Unit-based Plans - SARs Narrative (Details) Uncategorized 94 false false R95.htm 2425405 - Disclosure - Share and Unit-based Plans - SARs Roll Forward Activity (Details) Sheet http://www.macerich.com/role/ShareAndUnitBasedPlansSarsRollForwardActivityDetails Share and Unit-based Plans - SARs Roll Forward Activity (Details) Uncategorized 95 false false R96.htm 2425406 - Disclosure - Share and Unit-based Plans - Long-Term Incentive Plan Units (Details) Sheet http://www.macerich.com/role/ShareAndUnitBasedPlansLongTermIncentivePlanUnitsDetails Share and Unit-based Plans - Long-Term Incentive Plan Units (Details) Uncategorized 96 false false R97.htm 2425407 - Disclosure - Share and Unit-based Plans - LTIP Activity (Details) Sheet http://www.macerich.com/role/ShareAndUnitBasedPlansLtipActivityDetails Share and Unit-based Plans - LTIP Activity (Details) Uncategorized 97 false false R98.htm 2425408 - Disclosure - Share and Unit-based Plans - Stock Options Narrative (Details) Sheet http://www.macerich.com/role/ShareAndUnitBasedPlansStockOptionsNarrativeDetails Share and Unit-based Plans - Stock Options Narrative (Details) Uncategorized 98 false false R99.htm 2425409 - Disclosure - Share and Unit-based Plans - Stock Option Activity (Details) Sheet http://www.macerich.com/role/ShareAndUnitBasedPlansStockOptionActivityDetails Share and Unit-based Plans - Stock Option Activity (Details) Uncategorized 99 false false R100.htm 2425410 - Disclosure - Share and Unit-based Plans - Directors' Phantom Stock Plan (Details) Sheet http://www.macerich.com/role/ShareAndUnitBasedPlansDirectorsPhantomStockPlanDetails Share and Unit-based Plans - Directors' Phantom Stock Plan (Details) Uncategorized 100 false false R101.htm 2425411 - Disclosure - Share and Unit-based Plans - Employee Stock Purchase Plan (Details) Sheet http://www.macerich.com/role/ShareAndUnitBasedPlansEmployeeStockPurchasePlanDetails Share and Unit-based Plans - Employee Stock Purchase Plan (Details) Uncategorized 101 false false R102.htm 2425412 - Disclosure - Share and Unit-based Plans - Compensation (Details) Sheet http://www.macerich.com/role/ShareAndUnitBasedPlansCompensationDetails Share and Unit-based Plans - Compensation (Details) Uncategorized 102 false false R103.htm 2426401 - Disclosure - Employee Benefit Plans (Details) Sheet http://www.macerich.com/role/EmployeeBenefitPlansDetails Employee Benefit Plans (Details) Uncategorized 103 false false R104.htm 2427402 - Disclosure - Income Taxes - Schedule of components of distributions made to common stockholders on a per share basis (Details) Sheet http://www.macerich.com/role/IncomeTaxesScheduleOfComponentsOfDistributionsMadeToCommonStockholdersOnPerShareBasisDetails Income Taxes - Schedule of components of distributions made to common stockholders on a per share basis (Details) Uncategorized 104 false false R105.htm 2427403 - Disclosure - Income Taxes - Schedule of income tax benefit of TRSs (Details) Sheet http://www.macerich.com/role/IncomeTaxesScheduleOfIncomeTaxBenefitOfTrssDetails Income Taxes - Schedule of income tax benefit of TRSs (Details) Uncategorized 105 false false R106.htm 2427404 - Disclosure - Income Taxes - Reconciliation of income tax benefit (provision) of the TRSs to the amount computed by applying the federal corporate tax rate (Details) Sheet http://www.macerich.com/role/IncomeTaxesReconciliationOfIncomeTaxBenefitProvisionOfTrssToAmountComputedByApplyingFederalCorporateTaxRateDetails Income Taxes - Reconciliation of income tax benefit (provision) of the TRSs to the amount computed by applying the federal corporate tax rate (Details) Uncategorized 106 false false R107.htm 2427405 - Disclosure - Income Taxes - Narrative (Details) Sheet http://www.macerich.com/role/IncomeTaxesNarrativeDetails Income Taxes - Narrative (Details) Uncategorized 107 false false R108.htm 2427406 - Disclosure - Income Taxes - Schedule of tax effects of temporary differences and carryforwards of the TRSs included in net deferred tax assets (Details) Sheet http://www.macerich.com/role/IncomeTaxesScheduleOfTaxEffectsOfTemporaryDifferencesAndCarryforwardsOfTrssIncludedInNetDeferredTaxAssetsDetails Income Taxes - Schedule of tax effects of temporary differences and carryforwards of the TRSs included in net deferred tax assets (Details) Uncategorized 108 false false R109.htm 2428402 - Disclosure - Quarterly Financial Data (Details) Sheet http://www.macerich.com/role/QuarterlyFinancialDataDetails Quarterly Financial Data (Details) Uncategorized 109 false false R110.htm 243401 - Disclosure - Subsequent Events (Details) Sheet http://www.macerich.com/role/SubsequentEventsDetails Subsequent Events (Details) Uncategorized 110 false false R111.htm 244401 - Schedule - Schedule III-Real Estate and Accumulated Depreciation - Schedule (Details) Sheet http://www.macerich.com/role/ScheduleIiiRealEstateAndAccumulatedDepreciationScheduleDetails Schedule III-Real Estate and Accumulated Depreciation - Schedule (Details) Uncategorized 111 false false R112.htm 244402 - Schedule - Schedule III-Real Estate and Accumulated Depreciation - Additional Information (Details) Sheet http://www.macerich.com/role/ScheduleIiiRealEstateAndAccumulatedDepreciationAdditionalInformationDetails Schedule III-Real Estate and Accumulated Depreciation - Additional Information (Details) Uncategorized 112 false false All Reports Book All Reports mac-20171231.xml mac-20171231.xsd mac-20171231_cal.xml mac-20171231_def.xml mac-20171231_lab.xml mac-20171231_pre.xml http://xbrl.sec.gov/dei/2014-01-31 http://fasb.org/us-gaap/2017-01-31 http://xbrl.sec.gov/invest/2013-01-31 true true ZIP 135 0000912242-18-000004-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000912242-18-000004-xbrl.zip M4$L#!!0 ( #1I5TQCQ19SOB@# % 6.@ 0 ;6%C+3(P,3VS$DB@+;=4DDME]^FK7A )2=A% 6J M5%G]]"<2)#B!HP@.$-.]VJXBIHS(+\:,C/RO__/7<^^'US@ODBS][T_H1^?3 M#W':R;I)^OC?G_ZXNU!W_N7EI__SR__^K__OXN+_>E^N?M!99_ OF9NO?T@3R@[H-T*>ET M[T5\+^Y=S-R.(QCG__]?/T<""\+I?1<)1IWX(7*$O(\[S+EGO.O<.^7+_KK/ M>\G/YM\_P*C3XN=.-DC[^=M_?WKJ]U]^_NDG<^G'(N[\^)B]_C2Z^!-VD+AP MT 5!GZK'!GD.1"Y[;G1UP8/=.%G\#%PPM]/9V^._.D^+[S=7%KP_25_CHK_X MD>$U\Q"9>ZC(*$9B_-3W[]]_+)_,\D>XW2$_C>ZH'N@EZ;<5=YO+]U$15[<_ M1YV9N^'O<9YTGG[L9,\E#0A/!I-&2:=83$!Y:0'1:9:F@^?% ^KV\Y_Z;R_Q M3W#3!=QE/CQ^;OU#LP_D\<-2LOE/<+6ZL4@ZBTF "X8 -$M T7_)E]P/5Q8\ M,"@N'J/H9?S,0U367Q0X8/BQ\JKRQZJ)_'CTOY MY/X$UZM;S87NG$2,^3F\.'-K?^&M;'AK?_K69!6:TZ(?I9TQ/O^JX?D[*>]& MKNO^5%X=WUIT%]T(KT4__=_KJ[O.4_P<36Y.UM]\,1[-+__[?_V7^=;/17GA M2_SP0_GMGY]*W('47%3"\B.,X]/HJIF&__Y4),\O/:#H)_.6H9KK9&D__JO_ M0P)##K5Y]'?ZSZ_:?*>Z!91PTG\S/U2_)%WSVT,2YS^4PXAG**A@Z5_^_=,O M#OSC(HPI_J^?YA\NO_'3_$=&WW@!FGUR;>B!. MNY/;$0;T3;[6K6ZN?AI_K_IAQ)G%K+J$=\K?41C?8W2*O!KBI6](EQ<.OL!C MTJLK[R8]O"Q1@D^<; (OR!.TV33DR=[!NC-D,U/GFS>--E&%;)VJ$*VG2ID M#:O"DE6\':SBV[&*[X]5_QHY8?^ZZ\,K3: 3_'L M/C9\TN6PE\+]5=2C.^Z MC2!8Z%_'S_=Q?C NCUD8/YH!EC\-?^O"E_]ZZ26=9#2F'[H)W#*,[D9C_GDE M99]^J6Z;)NV_?EKX]N%@?JJ-YNQ@\#E+S8O $P>O[O$27IE#M/8A8;&*U#.! MR>70!FV)$?CY.4OO^EGGVX<$1HV^_:%ARL%@^_"KV,G[58V3_6[5I[K=I ]X MB7JW4=*]3/WH)>E'O0\)\96TGI'RXU;YG83RVTMT]2XM8.?72OL$#5_B?I2D M<3>(\A2V4^_=-LPU^3WQ*MP]2;"#;_M#%*NN34M9[F>;ME;65 M[!8K\W?[Y5:XK8=NLS9'R=JT!SW34^*F_Q3GYK8\?C*L?(TOP=%[CC_DI&],=WO! M\([U:0N&$P##7NI8A UO3M+<%R?4QN']0+'9#PL3&P@?>+&DM3"P <7'!,3[ M(A"K%$X\CMA^2JT[T.(I?[=:MT4O5L%;7!R^&.IT-(#-'QTM?_0!](3--AUR M<6EOKF(W3OYU%3]&O: <3SG%SU'G7U^?XNM1%V/PB_MIG!=/R8ZJ3[\ 63^O)JO=4SF1S/\9%'TSR"+,\L_Q=U!XIM$W&+K;/$OACYT2\S5K M,+H)A"+M1GFW^..E"^)AEC8==\B)\=TZON]?PLCSLL_YA'L=/6:_[!7C\ M/7J[CGH]E7;])WAA+\[#")B=I7YL_.ZY%UZF(&%13[T8QD=&V&Y++OA#50V: M.7AXB#O]KWD$)W#5]"2/O;C_/8[3+_%KG [BOPV2KND]?)D.'_?B MARR/84SJ <;P-7M).MSAU#$?++RWZ2MS29+\)L7=H0.\Y$"HT 7NX=\-9[ MV,%[J"N)NTZ<1D#<;%H^SV"VGJ.S5PK6Y; N1S-68%K.IA:)9@3M(%I?-JSU M%V4,OT3I8SRC4:ZCOY+GP7.[%,J8C,F$S=!QIAF]?9DDF.SNH!??/ P]INNX M_Y1U+\M3N"9^U/2OH[?;_!;@\/35&T[S-<>K-[)QH$;*L@D_1@*5"D2J*N%_,*<$_P4>([GMQ54Q09IR3 M&$3=[T5% 1,W?!T(W23#OO+AM]L\>8[R-R].8W@Z@3^V"V3+N#G!7(V=#6FX M]TS&9%3;S<9!5-O>NQBO1?Y=W $[U#5QD$7^[LBOL=,B_X#(%YL@WWBF7^*H M%Q0F%)RX1Q#ZP2?[;Y]C*PD[2(+Q(S=BKY6,(RT@K[4)0\O]-1O70%A)V,4F MU-AID7] Y&\?!UP!7Y)>R4H+_X:"@1I/K0RQT6K\^)Q@(/"^$C M><46L0?QBC\T;(_E%5OLEO4G0$(WZ0W,-N]RZ:!,VP1_=7J#;MP-\^S9-*T8 M]*OLS:A#Q6V>R]+7[!&/.W>?P0YWG<_9RE+T N,/;Q>D"G"YDSX'@>.S3 (\!1ZM/ M/Y ^/04 ']HAL/KT9/7I*9AW;N%HX3C$%]\.COPCP-&:]P]DWD\!P//'FN_: M8*DLKYWN)]0R*.[>L6@9!\[(9VP:5+=1QY0(@10_PRR7[5![;6D,WQRP5G'A MC,#%K<;Z6!KK%,Q@TZ"R&NM$--8I@&O^K"0+K@\"KE-(B#0-+FL.CVP.CPVJ MVN%5+$:M#/;J/\VQEB91TG+&!*P%S? MW69Y_R'K)=D9@F01]1880V\WC>\Z6;]?=*->RT[/:\#1K1-O83$\)F)XKH!. MBGZ>=/JW3TDOZL:]EZ>D9><=-7 PSI66,A,CJ_-O\5]U0^ 57&O%X51KW=V MT?-J/EBP#!W8:W4+IECU>U%A_+5S \EB^BTX1D4>V0OX])>7JBBR3A+UXP)X MY67PSMD$SV>8^"S@@D6)K6$ MVQD"9"'Y%AHE-'Z+\CB=J%MZ;MA83+\%1PD.+^GUG[,\-H;WQ=11QJ8W4U4. M?(::9$.&6/B4\ &-VX M^]+@"H98^ Q7?:(.C*#S5(8!W\WU?,J@>WD6=;]'I@/!?\XNJ[LU:RRD1H8K MZYEP1;:,QHFU]_#8?.G_'Z3.O2;%",='5R?L5TVW#% FFH8\JS MS8M^TODV9-D9.CK+>6!!4H)DLG _6J"]^_<@RN.I#;GG!IE-.6(!5 )(44K^ M$=T#JZZ5=X8:9C']%AS+=YB<'T96LL%"99BCN?[ZY6X4#YA=^E'Z5GIXO3B% M8!(BR$X<]?ULD/;S-[\WN#_+<'L')EF8#>(4Y6LL%"95B>&7__DKS&^4PYJ\KS[/M3''6_9M_3>)CW/#?P M;,F85L)IV' &_1:E?(RHR[23/<=WYC@^,]CIH_M4VE7=;F)ZWT4]G12=7E:8 MK@3>&_SE)2NBWM_R;/ "UMOTRX,(T]P#GTO20=R]@:&5;?,F303;#[/#,&L4 M?1T!>PLZV/#Q&]=VL)FY?>=^$,,>(^0N?D%R+FX2'IQ-4A.D.V30ZX&+_,S&6G,W@>]. O71V_ MY+%1"68WVN0SU+?*5YM0Z>UK#K1$G7+ZO;?I*S-C![OVD@%*XND. M(>T2G_?-WM01Z@NF;Y4P;#&TG2:_@0V+6PUU4^Q,.+<"/ ?2)N+"<2^0W%2; MS-W>B#9AOZ,POD=BZNBQ(DGCHE =< ^*9.80X,NTC$];:*264#4$:9VL \T_ MNW#P!1*;SO_<[8W,_]#U0?08OL^U\G^-D_YSE(Y;(EB3<&"/:NDH7]CM5+/J7*5OF8=W&4%U=99RAM[4+ 2B]S M$6&'\S/I5@ICYO:F_,SK*$<;06!Q[<69.X4KL;5]M],U_VY<,.%TG\;#>QI)I/(B?,>>4?MQEG#,W6Z>_.G0. MEO"8:U:7-@(X2@0PHVQG'/J=E>WEJ2K;ML#D]+5B@PF%&76R>_G/@G,VMC"M MXW9LHWWVUX/^(.I=)0\MLZO;F*)Q][4E-!]NM?.89VEQ; I)S\Y'G;=1D_:Z18!1,E(X[QU$U[2^0/Z3( M'J.4?LXP@J7;?+5Y[O8&T_-8VOR\S<\?,#^/-ZY]F[M]+TW!*VQG\Y[3!;,-YCU/-X5PCK[7QPKP6^+-[3%^ M_MC%$]&W^'N6M5+)V\J)4>7$@CEL9=G$@EI>&P.=9 RTQQK=2UN?:?,_!_<8 MILLMK<>PRF.XRP;])\ -<.DZZO7:)1?691@5_RR:Q%;Z#,/5K=)<3)(:I]V$ MP%JLL^L\8$WN@G5&,+J;;S>?N]TV+VGQT>,?6]:/>"SZ*?7SN+0+^3:0.T8@ M-UF7;[Z[GTU(G7Y":C_+IB<9S=O3'#Y,4/\1CJ1H.K9OPPKWKDX]W EOSKN3 M-,R9>SP?:_E\YVBBCH_S]N_LTOZFFN4?)@Y-'_O5<6=6#;0Q4[]X%JTY/U%S M'L+]EWF6^GE6%(N2@-:DG[U)7XP1:]:;2]L,-Q'9[11MR-PLZ ZR19^L9K=3 M?)C%Y+9 ]&.O!!WZV,;36U\]Q5W'UAD[\*.\\O5W%KW%O9K[']URF+X-^4=Y VC7KFU$\F?\5)!](,YS: M=N(&,(/GK.[4*Z_CR-@7P[0PC_\]B-/.V^+W3=U9?,Y2<, &>3[V^,X)C[A1 M^[G!9"P8SNK9:*?"'"T%6.1;Y)\V\ED+D$\L\@_L@UCDOQ/YO%GD(XO\)I&/ M+/+WL<=VESAG#M%V@:,.BF'4$K"/0@ES8@@IR>Z;< MB589'N-,N5.J6C\R6.N[YRQ(=]UC^,' R2PX+3A/L-YQA,W/V2MRCX+.*,WR MZ#FRC517HK/&I8.A$Z$+Y&Z!SNG;VV[7_>@EZ6<]"\Z5X*QSZ3SL^FBKI-G, M+X^#SJ(3=>,H[9;;5A_ADV8*6G9"^V&1NHIC!T)M>>SR5DTI49--*4>[$HW! M/\IA\27GKY/.4_(8I>HUAMN8XUC,+L/L*GX=#+'&JO/-$3MS>]N=@.LX?WU+ MK59=WF]DFD'G8?J/#::I'"/0R*D]2B>#\HGN:LU<46Q1;%5A=;C^)L/(IC MZ^+Y3^]H%V5TX,<'42E:TLAC0((;.]T;<"3;#A&A_BCWXG* RS&\N M(/\@\*"S_?Y: 0]TWO#8H-;S9.%1VUEA#^BK[%HY[[ MM@)B18IY$9_:JZ-F]L! >-N/KY)7(U?P[L<$)$H51=P';EU'_Y/E?B\JBEF5 M=)^] B/R;W'_*HZ*N&5+9UN0/*5[%M/<2C=W)Q 8M>'%O>S[%#,^\/P;Z5], M;GNGGK_OM,?JD17-A9L[M2_,X_@IZW6_1)WX>_1FU"YH=?\I2KN].!^=/]O& M72,';.>\Q:AV/YIOZPEKI<-6WSUM5>>)JLZ3FGKK.AW'=6H0986$'W@58EQ':K$F(?JQ*[:A&+G@.B9]_:9'ZAU>+A MM/%PTFN<%CTGCIY#'XAB\7#:>#BINI]Y;;+[T7UW@.CH.DN33C1DY^@PO';! MJ8%S\E8SHIWZIGFXF*S1S<.?2:>?F1JI7OQVMH!9QXKV0H8W"IE19O%FT.^! M=K]Y\)] Q!ZSL\7-1OQH9[34/'ANHPY,7>?/)/Y^MH!9RH-V@F1!@FYWG/PM MC^-4=?*X\+/GYZQMFT4;0,D2#IQ1TJY93\W MG*U]6LV(=AJIYO5)"'*49B/GSVPQ.3N<+.% >_5)LP I#R@OVEDQLS,VZL2W M$Q9[<6Z_/L4WT;?B)CW?[-PR%ECW=F?WMBR8/E=4GBMF-N"&!8YU@(_E +<@<+;ZY!3U20O\%AVE]X.\[/EQUC[N2CZT M4\OL>0WIK.%RG)#H@X?;"S9?G2W UO*BG09L+SKI[TGZ6$"P^9_H;.&RC 5G MI(L:+LBRNNC$=%$+@O.[?I;&W[.L>^;QUTH^6+",,\9?H_3/I-<#UGR)'Q/3 MYN7<@;,I3]H+HH9=9ELW?*)UPRTHIK!+YD=8,F\91 :=(DNOHB#MF'6][OE& M6&LX80%C7>#3;A#FI),Q)K4SM!7#6AAW9AIT4Q)HW M>A9?I^,CM<,$6C?IX&[2R>F@9N,T6]1SA**>UI5^V?+EHY8OGYP.:M8/LCKH MN#JH!54\=H'TE!9(6U>QH_J?D^@QRL\7-AOQHYT>S[[;1%KPG YXVA&FVZKV MDZAJ/SFWN?&ZPO+@K/YGX.?3(SQ\MB!;QXIV&K;]I!"M)WUL3_J#ZR6;+#J5 MO>XMJ!.R3;6/W52[!?&8W4%QW!T4+8V7,*3N:<@H\/-MN+ZJB]J#X^P&QZ_ 32XQ\?9K84Z2BE2!\?6#8P/'A@ M^/%!94^H.] )=:<$I1&2=-R9)*YT?-^_3(M^/C#$?; $>9VXD\IZP^PZ="LP M3&[?&0RC(LJ;3A^YZ]"P=A?6E&8JA?$6:'G[FD=I$76,%!;>V_25\L75(WZ6 MOV0Y7/LM2]+^G_#=0?Y!<+;3[K6M=.*F7/_T2_7,"K8?).,*>'8ND-M8QO72 M*K>3.=MY3E?M)9N^3%5]I#:/2_6*[=WX#FBTO#!D&1@.7NW1TNE?8(PA@EB< MW?\0P-B:X/. S-!1('?Q"U[K^%J5L0??P'$O<'-^7V-![22&B=+'>"9$N8[^ M2IX'SQ]C\M_O'VX3D50\G 0<,TP\CQB[5B9DG=93./5M[QM2K[+T$:SJLV'% MU[>7665R%W<@TNZ::^V:V$543<2[1M;A(LU]3N5&$MOR'7Z;2>R'Z_JVP31_ MB.*4I8[ QSS];&M[:Z6WC?9V@VFVTMN^:=U *=_F41%UH\]9_X-,98V@#ZU\ M[?2=IO1MEDD=ASA)&D,,!QY_1=[XTI]1GD3WO?B+J=&8>29+NUEZ:=35?91^ MNWEXB.%Y<]O5I7?SI?UH&$=*->8TE%:99^W4)S?A[7DD>#>Q(\MA?'[X:[5% ML1-Y5K9E06X^22=I96N#]F^#%J7VI^? FKK#KF62W]%UE'>>UJ]F6L^[$>U( M+AS2Y IFJ1WY#MJQS=-X#$LW(\%\.PGFQRE@>9]IG%YQM:;Q.*9QTU5O:QI/ M3+#.#^D?:/)WBAS'E\Q>LS^CWB#VWL9__!5FS;A;;U?Q:]R;>=/XGLOT9= O MRAOPN8)IBX]NQN;)0%;PN97AL=%4J"QADQ?F7YN@]H^TF"^XL$'RUI!>P$4; M)3=O#5!95RR[Y&56]TP.1AJW\LK9O9%8;(IK^9N;X17PXR"S2<< M3#[F,@KKYGSN]D;FO '[T^;9?Z=!^#@Z[L!#SF MLTV>G9HU6+BCP?B QE3/^M-,Z!4R]7M^T $%#U\QQ54YWWEY+5R@4X,Y/T=Z(&C]@YQ06" M*=(IA'D7N%&%.EH;(2=)>GUM9&.)G[^]D6I+_CN^CM[<4V35C( X#-1=HR@! MRM5+CDZ2]/F*/CK567!]1=_,[8VLIO#?R6^#'D)MX)6X0%M4/\[S:IK?(%$P^KZ=$F? MA\DT\1O 9/KVAN0*_1:E[3!M:#O3AIHW;;C$U45KG($MT=6X,\!^)Y^S5X1/ MGE?@+YN%I"W?PE?AGDG:>HB&_S[#&/GL=I&65NO^MGG6_>X.T^ZGP;W=". MM,RXW=I2(H=9FM54'B1+PYK/_1H/6 T>ITXL\ 9%DL9%H3K_'B1%8G*8:]LJ MSM5^G.61!4OXMKI58Z/E'FTYLV#>G9#;.6"R:7>"#K-UR(J %8%CB MLZH; MIXSF;F_$2Z1#+Y%N) *7:2]*NVUK>Y;B;XZEPYD:!%J_KCKX\6R?E1THJZ-9-?8 MV3DFM3*.U=:G:P76#N?3+2BWW[AAU=SM#578X=\&Z=2&P.7'^VFFNT71B 'Z'S!7:9'UDJZY M-EV]4,!?GPY'JM(G3GCAHS!939PUV4AKD9(;A9NY>?JH>'I)>8 M:T$YF6?9IV\7'$PJ2A<"H2$'O8GN(VMQU-A8MZ_&70S#A@9TLIT*#WDP>W-V MMEVRW: E;3L<>%.FSP!DBGO@1IC73&[\$G?]*2;^FO5,8J"XZG7:A9W=[()! MTRY<.M#:W1Y.J)R+,"W6SAAK)Q=_"@M."\Y3SF/8Z1]OA SMA\2&HS%&W*4#0>.#::G+>^3[M]GWVFPIH. JTKTW8YL*Y, MRUV98X?NC6;7K3ZQ^L3JDT/KDWVOB329V;,:PFH(JR&.ZG$<.Q]K2]FL/K'Z MI-7Z9-\YCOGEFN]1WIU)D)5=C?](DW[+$J8SE R!-4_*&:70V;05L'/<_';S M/1?BV2D[]?!MU%K53MD^NZ7N/^*VL_;AHJ!%2SEVFC]D>EU8!=RF &1#-Z?\ M^8/,V30M[75T-@@G[*2=4D"Q>:AOYZWUP?X&88B=Y5,*1#9T7>RDG9+SLGGT M:.?M3.)'.]&MCB#72G3UZ^T3J([LN3P5L@S";N_^:/>T5S^OH.R,I'VEIVQ! M\/&]Z(TU0?#\TLO>XKA4F3?EDO:'@,!2NLY("ZRT^18 9^X+&*?O*DL?O\;Y M\V7:,?2]QK>]J-W3;]R_%519Z;<^P#EI@+4I4ZL!/JX#N#;FMY-_II)OG;^/ M+_T; 6"8*7N9E#9_21Z?^L6=^G+W(8"PEKXS L1&^0 +B/.($%:OV%DT[!T- M^RY+6KZ&;B?WD).[E[7VY>5+=G(/.;D'WC=A)_>0D[N7#?(;9>7L_)Y'G+Z^ MULUF:%ICDU?7@=N);(6*7E\;;B>R-8[4ZHI4.Y%MB&5' JGCCK2Y[$/ELN<% MTVGN=.B:8!I\?HZ>)W(9_'L XYO!+W8B".N.',+HM@\P)&]W#HI256H=O872G;V\$I>)W?!V]$6<% M3#]GZ;\'4<_,?GIV 5Q-M=4,[SD'Z?PGF\G^;S)R1\N QO)7^9O MV\6*_2X'&V$>>Z:-+#YM-I^V8J>-\WMLK_/K]ZS5Z#AIKW/,W//P.C=86)W6 MS;>#O/,$[&N?X[$@T[>:L/8NKF*[A^]X>_CP=O*,]Y"[WFNM$Y?U_VO-82U MTO_2X]#?FM\6]$_:0RR%UV[#LY[W/B09'Z!,U<;&)^Y.-Q]+[:3,[>KRZ>;Y M#KVZ?&3;M/,"H\U9GRZ6CY"S/N9ZZ89=:&R3RK9$31OY6C8._LB^UH8R;6.G M-LCS@7=MM7__WZD4D!]V;^%)U-R9;0[$[MHZ8>BV9M>6*'UYEQ8"Q[=JQSD/VO96.$9OA3T[WQVOH8.U=G_,A#QQN3(HEEVMI._KZK"L2FDS]W^X&.B[3YAI,J+/E815*V ML.0#%9:<0@'O^A-P;&%)JSKLKS_UQDYHJQJTKS_IQD[H!SDZP68"/J!TVLEL MC62N=X;L9+;"$5I0&_(E[B=Y;,99K[6-'Y+4A 5I/T_N!X;X]B5L%M,WJKE= M1>#AUMA.JN+6XN'@>-CS"3CD=Q3&]UC:*3Z)*287#K[ #?8.6)!]M3-\7*5^ M[ .Z%Q0 KH9$G.>S^3]S4\MBY36@6$7BP1;ICEH4>(E<0]VWM-5I8G(OGR'\GOW_5!YO3'5@EMELF M=IL\=63$*M025FVYHD[V@"K<$E;1[5C%&T>5: >KQ':L$OMA%6T'JY!S;&LO MVJ&KMN^>V[RN$NVP@&(["RCV8P%;(8!\.P'<1WVD+.LC\>0TD+O!?1'_>P"D M!*_PK_K&EMGK[7*UEQ W57>XB+H#>=G2Z!B\\:&%<[GI)HKG+V2]R#475O@98W4[E91)VR M[[7W-GUE!F%^EK]D.5S[+4O2_I_PW4$>S[WV0Z.TSO1A,+B6ZZN NE5 NNF< M301GQ:0U-*H6R"[>3G9Q8[)[.93=,+YGZT37R[.H^SUZN^U%_['"NC]A7)TPBX,ZLV1C^&61YWHJ)OM8[5.L?1.HM@.J5S M%N+T@VJ\NG.U^?*4;'K1L[X+*.H%A9DME795IS-X'I2HT?&D#9F.BTZ>E'OB M;AYN\PP^.=)<1I7^+8_C5'7RN+B.>KUVZ8R=J!^JET7D'\1Z-GXJ1_/0^!,X M$K^=)2SF2;>0&$$B,6>?3+AS\W!^T%C" @N1ZKSJO/_T$N7?SE)Q+*#> F,F M:+L9]'MQO[AY\)^23O38LGY@#4!D)1\L6(9@N8TZ,&6=/Y/X^]D!I$:[!<6H M-64VZ#]]2;J/\5G:ED7D6VB,-CY%Z?T@?PNC)#]+;"RDWX)C" [_*4J[O3@? M65X?"(SSLX/("BY8H(Q['Z?Q]RSKGBE$%M)OP3$$QW74@2%TGJZC-'HLL^-F M"VJ4OIT=3-9PP@)F")B;_E.H>/7N)>]E)N:AWNV9>\,G8UY M8D%4[>@OX.]WW\XS#[^ >@N,*D.21]VDB,]XE689"RQ$AA"Y3'O@\I^I+ULG MWL)B"(M_Q$6_@.FZC5Z37M*V#L -0&,Q RP\AO#X^A17#KXI/DKCO'A*7JYN MSPXFJQEAX3*"RZ!39.E5%*0=&%K4C M2:\/!G?LJI\=*A8SP,)C5"/2BQ[A!0\/AD&E_&='3X6,\#"8YQ%O7O* M7@K5_QJECS":U*0#HO3\S,T:3EC C "3?4_/,YR9H]P"8@B(("KZIB3B+#%1 M)]["8NQW@!Y5W?\!DYOVKPR/S@TXR_Q(]P5]LU_T2=>+OT7ENP5O*@]: 9) F0X0\ M9/GS],P]QU$QR..23'.M>D/U^^2=YA4+7G@W)&_9.T?4;_W:XBG*XV+16T=< M+:]O_=I!T5WTSJ3(*$;BYS_N]-:O3 ?STC [TA?XX]8O!>*B92PUU[9^X1!R MRUXYO/H>;M[&^9V9BNDW=Y-7D.!I-)LG/@^>XSP"IVU*@#><@?\U,Y#9%TU] M0<=I]IRD2[^Q&CFS'YE[5W5I3-HZ^!KG=*E,F(O;2\2_'Q9*V:"?QX\_FZM; MOW)(3;I0),Q J^O;H^VO_E -_VNHFA8*<@F\^1O7?ZH;)S\KT"E=HU=,\?@/ M(VWW)7Z8G,/\SZ_ZT] D1IW^A2]"7V$IJ-2(^EKZGB NIH'VA IIX'[ZY2'J M%3 GM9=77_0'>6Y^2HI.U/MG'.7!L,WU!A\7."2<,APH'$@JL./[;O5QAA#^ M],M%I>%7?:D:B"C"I]ZG M7\)_#D>Q]"N+AV'&N>D@ B)#+$.-/(&#T'<\Y 75( @BX:?2Z"T:QO@K\X,8 MCF^+*7&(#*C+L."8N,(/:$BK(?@,\T\S=G?IE^:'8=JX;\( *9F+F? 5@@EQ MN!OZNOJZ%EI^^@4Y%W^?_:YY=?6YH-36)HK)H]YEVHW_^GO\MLEWN=0R=!T1 M^!Q+ZE"&1/5=SJ0_ZXHM_=+<,++G9PBO^EGG6VD(BIM!OPK19\8T.:L2HT\_ M=,'U>@:9@]\_AU-CY$'( TF8RWT?2R($S-%XC))XGWXP>J!\8>4B(.I(AA&2 M,V->,:PY H;R]B5^R?)^F5>(^AOAF&J?4%\RD.(02=?W7.Q50W4$ J7R3V-G MUGUI=C1ATH, %;#UF.6;S*D.F(*!A-@)I!L2WT.:5X,(E-%L5U'^&/\ CF_< M,V8S[OY0?F-Z8#,?G1W/[> >'-NPET7]V=$,(PT\/9,7 MU(%+85(K$1.>.S61I5,FL3/Z9WID4Y^?'9?)$Q: RK3_.7K>1.@4@Y\9*)C0 M#R3&S)5!6(U'^0YHG6OE!U\N_5]_\&^FAS#[I=E1_)GU!FD_RH<W]/L>WH'UC)+X^YE40P@ M"MI %7@>HH$3$.JX&(5>&/*)"N*,U+"[Y%-F/$GZ&A?]GS5HQE>(IE[CSUF_ MS.&JYPS&O@@VDP!U\M3D7)0O2?%MYLR72Y.O@6]\ 8CZT&$FAOU./F>O"*]2B H[$H3(#0+I$ZV95\I1X& ? MA9HO4(@4-**0H YW&6KCI/)2]R.QG%3M^(X,8.8<'TPRT\07N"(5NS)<1"K& M&+GD]$C]+4K! BPE55 JJ0NV#C2VZR/!O*':!E(#@AE:0*HK'%"FIT=IB=]_ M&2Q?E$2;/_+EE!,ML,:APDIXPO? '0G#$>6:*XP74 Y.,@(O[>1(Q^HE7S7) M"'2[%N!D2^DYS NU(K3",Q&NLX!4R1$F[/0H+27W8@V]W,00A#FNF4O/"2D MN9K:0 JU:&H="$+PZ:DJ?!V]K:#4][FC:*C!3248YAA\KV"LJ7R\2'R)RZE$ M^.0H);\->FB50RY]'X%:%J%+B,1,<5I-J@]^G%CDD".'(GZ"I)I)O5A#KPH$ M"3SB@L@Z%(,9I4%EA#P$2X5X*X'RI7< MXUI[0V\PY$B'OIQWF#!W)6+3Y.XXW'T2+E803I6)Q3T?$X@?'2!LAJ>XX;UX6&(;3<;WJ!(TK@H_.SY MWN24 2-?XD[VF";_ 4B,%KNB,2A4Y]^#!/ 3I=TK^#GI):9C+%R#Z*@[!M>3 MB>N+6HJ%C=SL ??#X&F3Y,7HTP5\\.@_S8'RFC+KP/P9!'@<)YJ"8W1&?780T MF^N!^#"/I@]U2SY8$R&Z-)SN<:@_2E$7R)@PRR,83*XYKS&9"'W ^8I MXO?!VVHI^V",=6G D50D5#[W':6D'.9$#6,E0S7TND@*M!?.5J2O8.M=/WZ9 MIK?;38;)G@!^Z[]56:?J,[=Q;G9.@$3LDYUXVJ!38*,67@ FR0L(X: !ANZ) M,3UZ6N=6J]#.CVPY,]]-<,5$/QL=Q%M.P/"XXON!>0=\*_BK Y_+'F[N>\EC M^;V%7NC>3Y_N/,7=02^^>1A2=1WWGS)PO$QBSV07Z[_&LQ+5]9ETBGX MYT;G0& D'.H"D/DP68>$[S!"%@;#TTQZ-[4+&*9'U0C%Z U_BY)TFO%5*"$_Z:IL^A MH>>[FOL8C$GH($>$[H@^[/L,+Z0OJ0D'NCKWBZC9)E#NT&@$2> P&31WU-0@]N]I$[42D! M$@L(0C\N,@LKQK0K!:LAIUR G"9<$0C_!/.5UJA2^LISU2E0L!I40CI4FSH& M$5"7.*#=@THI(" ![YN"F[P+847^-DQZO=?X>L0'MTHJ%6I$/89XB,:B'Q!G MJ7%"/^(5E"P>6Q/4K#:U$H)=5S'CY$O!.)@B-9X38+U8;HK<%:\&4PZ&4>- =[Q*,2_E])#N68+:2&N]OH@ VHJ=!H-*&.8Y-& GTX?,/7Z*_; 42X M1;R@SFNUDI-80U3!2: ]:EMQ%* X?Y MC"H-3HT'+CG1#JI4AN.'KEY&*?U1KE" :X?9,(VKE7R@J"\#%SP& *L"NIC6 M%50EN!'+:60G1.-JU<\4!1\U0)1JY7L(AUI6[I'#Z4PIU@R-^$5RN2.6L23X7.][HR M3!/B2C<$BC'&1 E44>H(&?@+S>5*YW^C8>Z!SC5.#B$B+%?G/$EX/0XHYX!H0ZOK@)2 7?.[*F>,PH4>@\X\TCSO1BTG*=N_B,ON/ M,'.:RKH2T+7:"X3QBR!^A7]TI9,4[=>^6@]XK_6MT,E&!"'PL7==AR G4 M%+)AQE=D+0EO!_VK=36X@R'7&N8?4>)HY@DT#E]XL$I7DQ4AS%'H?Z\.5V;_ MAR;(\W2@-/.IJB0 :^7H[65^ZR'OF?[5NIU3QTP\X9[4\'_E@1L]]KZTN\2& MKFF->2!]I89[C5R7"5:K MJY/2H5/E-EN.K3&25M6- GWYQ"4:2[D[2 ML)XT^.LE3B%:\N*'+(^KJHVO&9CYK6M&12A]*KB/0M?5/E$>XJ/]@X& @+TV M.:Z+A(.F*%D[I)U&OZ:B5/IF;[5#E/9%"/\#+H?5Z$-.\?SHA<2<'6[T:PI. ML1,P+*C'/.(BQ]>4>./1HX#6]JD))MT9P=AX]/,5R5-E9W_+LV++##QF/&-%9@.YJF*G) YW)"S(S57<50<9&H"KMQ "AZ&"L(<36G(W8H6\:]*(BL.#YI9>]Q?EUU.\\C?X23]]T%;_&O9MT ML8^TQ^HSQV/")YX.)7>4]BAF6%;59YQSM#A (&.N[$1L(TS[^CT[--.T'X*7 M3:A@"OE.8()I9\0T+4.^)&.&&V :$+L-TXZ%*D91B+1+0#V [A(@,F*I%_< MI!#8&$**K]FHUGS2I&_K",;%S"=8N]+76@;<9VKD+_BA(W1]\Z*)B)TIY;G! MF'8D8$T0P]P0!9)"+,!#4R>&_*'$:OAOX'@US_2 (U\3P(!+3<"W(8HJ<#PE MV*I1(R,8.>:HH9$#B+(7Q&EOY(X85%UDNZ MYMIT*;MQ^[\^)?GP@>LHC1['VTS U*XI-P]\XF OY P\04>%O@KTJ(^'IR43 MM5#5Y5,[;-=VL[61%Q'7$ ;LU[ MSZ?!+9:NLE]0 M$H^#Y*T5.A6N<(1+D<2!])0*X0]C?4BX7R/'89Q.:?1WCK-Y.M?H?1\[S%4" MZ0#+P T=3!Q>&2XP8\X\G912QV4G2.<:*\&XST,2^$% ? C*E.^,\A,PGXC/ MU^>;3?;"Y70_='[-QAMWC*BE[X G"K@7*JD8$EQ"-$PT'P7"!*' $S5RB-DX MLY":^FC>/>AU6^^93]T @]B;E@!:!\01HT$S%GBU.4"@';<$ 2.M9QSS<+Y& MY],OC"-W3.I^:#@TA]9@6("V)*[)UB!)(7 #T5,C#D&XXM:\39!/Y'PP%JV1 M&!!LR@ ^FK'0"0K4/.(C7B(/UU?&,&>2DS7,7$9N M4TQZYQ;>=S.)*(:EI%JY$-IH[FE7A2.95/!+#7!48D+6(>Y]3+H;/#]'N>D4 M,%H.,!UK34O[$KDF"7WS, DOUT2/2PD.?9]Y"@.)BG/%%(1N0^L/;K?/@YK3 MA@3F5*PA^%U#/R WFMN^77IF,Y'/NH82&F,EL9#:5Y)[ 0$C,.*WZ\!D+-!H M8LI)/G=^WT:=Y"'IW.;Q!Q*$JMT01ECFPY-XXH M[Z;-K=:^ZVE.1.#Y$#QY%;^)T+4V4V:EPZ&6WSO).]-8,5\P8#U56+M8CFR: M1%@'-1U+()YM+\O7N-#*HR@@VB<@YA("2JV&_2Z!&=KU_%H'(RPI1ZCEW#BB MP&L.41HX3B'WB'1PX*+*V$C?X;B6%\>48&'YO9/ AX'O">91LU-/4)=(WZ\$ M'C/DU3!.$:'K(NF#LWSZ_"YSLM=4F+I]RIEAWT5*N4*9PARFJ'Z(3 2%?2=0/L(AK0P=\@-:M_J(NVLSCJ?/^C7NOJN4V9:@&6-HP+7SLN8B/4BR2^RZI81XYI@]5ZWF_KCC?964[:"88 M-JTIE CQX*0"E $%1J=$(G:HA]F MY@0CR_=&-$$@F:-DJ$,F H\I0H:UT\![A@-TB& E\36_"7.9]O MD!1/YM&;![-+;_L5_1"Y2D-80QR78X$D54[E8(,K60MN+M8M'NY,PI$X=$1K M$OI2!>;,5S=T829\(BI_'FF.=4UX[1SLQ[)0+H-0>)P*'A+P\7W*QO,0ZJ"V MF-Z&.;B+>N9(^2_QZ*SBX?L7G&0PFH6;3I\X4V<:FMY'Y@C0\D$OZIFVQW=/ M<6R**";MDG52='J9>7_AO<%?7K(BZOTMSP8O!;RB-S 'FII[X'M).HB[-R_F MX"&SSC^9L=LOMV!6'[)>DJV+PP13"KO"%*&'$/RZGJ15C8WGZ-IR%T$(N;NM M!6S&T -/V2;ZG2D_] 7C#(($3X1"H9!5R2LA<$VWN)+M9OU.G5-'U/-<,^$# M_[G0+KBP/D%>I5^4&XI:#&OG8K_ZG@6^RUR"61!X$,Y1+KQ*-HBKW)IL?,B9 M6)-K#,$'Q#ZX@E(JK#AWL*ARC91ZN'8ZQ 41N\5:I\ZI8]A&E>?9]Z?")S@(*?)]!U&W6JKW/%_7;!Q &>]6)3$WX@,0?\PJ M%$X#YCD*M(#R"$2/OA-6P:/0J%8)(206N_ES;6;O^[P"LXT[D#Z3@>MSEQ&E M1<5B2E"MK!="QAV74 [)XG6;+XD2DOL:8PW:#-#%1IMD@"&4.?65$BDX;P_ MCAX"N& L0N) #$T]*9G+<,BKHAWXH1Z08>+0W1+];>;ONP38%500!9$N9QP% MV /'J%J6#SR_OOF2TUT+) _)XG6U(%QP)Q1AP)4$ RP\$E8Q)G@HN*Z]7)#@ M]AC@H[O@2BF):.!2LZ7.IV$05M9!>(S7M]0C@@3:;=6AS?Q]7T:6>SX/F(M( M #&G.2G1JP38M&>HK>P ?MFIZLCE>V!W[__SKFVP#,+V,#!NHPOA(PF1.]K$ M$&*"/:>^:\DE8KQV@FA4MI&&H/*R94P&FUL1M8SNNE8.)$&3WJ9VKZ&KU[ MT[?P?<[ MP164-]S N4.#R2X8]H&X<$0_@+A@^,&U M#/V .S@(7*)&J3A$J:H'XJ!&=ZW]_ A\?M^F3ZTX]H4,SDUD3G! ) J)#_;8PXPY=+SYD(?@CM:<(L?!QTJ[A8&C:PN-J!SUS M/%[?RXA=1'=;73H&K]>$[-1U=:"P!'"YU*?:'%E0+;%QBFLA)2<6;+\4QJ4YOAF"$$%!SX4>QM5.;<]U MZKM6*<*.LQL/:H,^" >.F8XSVU^E%W@4(XWX[IK<2<3D(LN\' M?NB3R4J_%SBUGI<2@X^^FZMR' X<$I(; M\WW>/'Z7,&N%F.N%9F>T"^I2(E]7943@C!3%?B$^+SY'BZ[78[ MNU[@ \F@LE+.(63'LJ3Y >^7^%63SD(E20#.D'9#9CPD-#R.Q>Q>UTY=P"GXJCMV.6V< M^/D8JSO.74#X+JD 3^G=8Q]9TNQ,.!84@_B$XF)%S*G6E?%F-<5 M(2=.&PS,F@"88).0-R>3>@ EP4)/5,$95=JKRZKI$M :LH^Y04,Z#$(P+@.A M.?CJ;CC>XXDI#FN)4G,T4QMD]21"7>XJUPD\<_!P: Z.#1FF%7,Y"^NH=5D# M04 #O+V-\P[<%#W&7^ _VY_D@1FX$$)I\&X=SP-=A<9%72[W:UXP8H+M!JK9 M >^?]"-*+'(XPEH@ICW?-6>E^'[%7,^709VY!,G=0NKV,O=]51[*"7Q/"8H= M!@#V*<%5#(=<3]:D%K,=0_?#\7?=<;G:<;#'0X8(.&T.8;): 9:^!T):H]QQ M45OD]NA>L3G* (4FJ>1G>,.@['WS7>L?21(#[''E#I*!Q05XX/>L#$J5>O2!?M MYAT?FO1CKO*J@#"(9K4Y@\UQ O!5= 4K+-"" Y,E/U?FODMND0>6E7$18$P8 M(137O%ZB#[:7<[I;(FX- 0?ES:HU!4VPTM)W'"6UZXN >DI7"TG@"]?: MNK@.P\C9K=9BC[RYBSN@>;KUKJ+K,.)+:AI4*%^8,F_B21;ZU<(2>*JU16J& M,14[KC!,#79O-*_LANP%% 6(*P)S&@2.#H.J&S+U033J-+N<[=@YLR&:O\;P M&PPM>;X?Y$79]&3[NDP>N@ZFG&!P<#0E 0K8.#L?B'KY"R*"[IBC633N0_'A MF'LIM"L8-WTS'!IJI-2XFP2B2/KUH[QQV:G.-> MJO->(?JNVWU)=SS]\3B\7M>J,A2*<^:'0: ]5V-7C*R^:8#@L?HIF!#5T-V4 MVS'Y<,S]%,KQI O_,.6H4#G!I!L94=*K)\ZDP#MFSCX&I]\9C5,'83)DM1:L5$BV6]AT'&:O"IT-<[D HZ2/$P**$IC]R=?(BE7)!'RS94N-]$D&[1@$//-53_N)*A8+2"CG.W8''9[9A=;A^ ^#-(3CBNY=CV)(.H>E81HGYF%T04' M]U%W[9Z[8FVTN'BDJX(BCU/&)4";XX!ISZS?#K/)V@NXP N.&,3@8*U3L!N, M=)(\N7FX^9[&>?&4O%0-)NZR7K=]+:CQ3%$0,)%*DX12S/44^*BCYAP$+-1, M+Y]T4+[H%^='NIJI:UGVD5A^K?Q?XZ3_'*4K#L:8YK@YYT)H#Z(!X+;RP/L= M[>X CG,\O$TP'#"K% !(Z+],RFL.;! M#3H]Z<=7R6L,C_>C]#&Y[\5EH;:ZSU[CZRC_%O?+W;!;%EMSC94?(N'R4"KA MHC#D0\,?"HB4%OGU9NOE6!-N,:Y&2%E9.LVQ&X('$V)"?1\IGXJ*%.RXJF95 M$:?.5$UBHZ28^P!\?O;\G!1%B;BT>Q4_1CUSXO26:HG'1;OHK2KNFX7#\L"8:OXPZBQU!4_P"-T,GRWP=QG/IY''^[NO+7'5DI MF"]9B*ARS:X"3V,?*R?DTJ$@VT%];8A.^3@+^-%^5KVG55GUB)_E+QE\*IZ. MJ]95P]"0>!Y'1$BS]1#$U1,P ]0-( 18='X[E5/-#7>8@HU2XX$/> @=I,!? M5T(A*4-5GF2.0N4N:*4FIS94[3JV-8D]J1B2,#9S]CJ,C' ?.95? Q:XMFY, MI\^XW75L:[(2?D"!#R!;@ILVOD+P4<% 2'#HA_4XAW&ZW=C,SS?YPG;O("OC M@R4OTS] J-("?)>NP6P (E'?<;1)R:'C$AXJSJCRO=!L<=>Z.CEF40./"SFU MY:BQ8<_S(2M?F.7_R$&S:XA!LO>>B$8I(IAZE$%$(CD.E3\J;O$#>!;53T\7 M$D^U^5X[H!U&OJY%-XS."U$H)'>P.0@B''6>@Y'[("/UMB*,''3DQ]#OY2FK M62^ZCGJ]=75CV*7$53B0@G$?_B0]-I95[->="BK=NK!^+/9=Q_GK6[IV.0\' M&B/B^N;X<"R5='Q4Z00EZM;A@CB\KH+WP;DUZAGL&)@Q9(Y794QRS3UWF%SS M0[!?]5:L%-,%MF.C@1?FSACNG3W,,RL/\QQ/QVT,\_8NO4P@Q-0H9"KP*>AD M@B0?]D;VM.0+3G($]V'60F\YP$9I6Z/9((J1GC*R&98I9R_$0YOC!<)U4;VW MMG#M-WG:G:J@^S+-AGCW[$*^6[NE$ M^K?O+1OZ4A*-/=/U/. D9*,&:D"#A]P:#1<(_,.)ZEP[H!U&O@990H02 F1& M0HSZ,$Q4$;/?N:"X(<+DUK9YA!KH,REQPX'M/* MK963B*G8=3U]NW!"')@3)GR$Z"? (@1C &$1%6S$">[P^A$7 KV/$^.LY+R# M/K.0N%WJRF&^A[6O) 1T0U.P\J\(G-]$C@A M 1(X\90KI![3H.NK=1(\\/?3,/WC."4\E2>&G[JU; O_'5U'.1K#TAL421H7 MA>K\&RQ(Z3I.O.=LD/;S-[\WN+_M1?^)#I89F4ZF^X1#F,E#/R#(-+/!U=$X M(48!"1H9E>3 M+CD1+FAM5W#?98I@)49'F6,Y3]%:;<7YV$$P\K294N,,\9=:0S66O! FR,MP@ K;Z@,03$BK9+D; ML6]ZQ>4*)OOFP<]CB+S@RZ8WRMO7.'^^>0#/#'1IV1G)4+NVQF#HN17]?&"T MP(SD3'^DHGOB_5.(7(3G.1@#7D!"U+!<&4C%)-#\TR^WZ)]#NC8>[#1UV=P# MU]%?IJ>J7X:.CR8(S&(^R.1"Q96]JCP7O7BJ' [,EI!.&PZUSX#[H0(O: M)G7D\JE3!#?G1Q,OV8#3E59'I8 M#NYV),N^..AK&8+/3AT6^L1A*(2Q5AP4Q%_0499ST@@'X>+HFII9;?];#F'2 M-7#OJ?=F-C)%O8U9&H$&F=%N(^VR3K&! TD()083;.,$H"C8?;S<-#G-_F26=6,(Q#1'\G:O"(G>6(!PLBM$.% MDB[X=M+UF1S9XW)A:L&.S1GW9J-AC6E(TBP'[Z9* WR)N_%SZ0C^&?7FQ7IM M+ _1K^,Q&G /2PT8H=7 D7:)J!]'3 BBDU*A-6-Y]Y!7A>Z!=!&3U \5QU1Q MCW 45$,FBM:@S04">][PD#VP4L7G4GG=/( 1+I=HHK<5J)\Z YYQIK0R>]B4 MUA ODI'G@0(.0FM" $=O--AEHQ@3D>7]1Q"+JPR\A.G]FR/ K0X&AA-AXD;L MK@H(C)/Q-X@%4]6!,0ZQN\YY\%BHM=*.EMQ#@5D&=8=QD'"Y\D1]O9W,"LRV MA%4<^1SW)QE5]1HE/9,[ZV=3$F="6@@BHP=@N>KU1@F ?F: M9>\$'9%SZ]H5NIX/,L]]SU<:@X$+%!IQCA(NZTK7]*#E9\&Y=:86AP*%'J(L M<"3H4*E)A3EJ#DFHKT$R(L@1.)>E?E0\9;EY#/[2@;],I>HF:=AD119V:XDT MD1XU^3P'>]3QD-"CW+ F@9A"&_\ M$.E1WP6"D/9J#&@1Y6L$ ]PU23SA<,?5%+0L!R4Z?\4*X"PN7D?E!&_>:'Q8^\HS8!:ZP"-W $Y0XVQ17>$/D^Y@'1 MM5413*9AW]"H#\>'R8ZQJD1G6-(/>NPE2\WJSDSTN_CMZ[(D0<"U=$P=)CC7 M+C(K315+L:R?(=5:EJY;P >"78:QP)KBP(%'O&&BQ%?P2U!S!FF3YOCD(1^XIKY7 M6X\F[>;#(: 5T, AW.,0:E#I>8:Y>,32@(>JWEQ^ORSMFV1P)TY>C9\YCH6! M^M6+5ZK3,>OB1?F",E14:;63-GV"E[#@N MQR:(F_EZK19AYW7GX1/=Q%:9B;$1:=;/?"!_7PD/22<0W[V]P; M_XSRI)Q^0\#,7WLV7=:#0 B)_%3KF,'5"!PG?=Q9L^'=PX)(;YSK+R1#0G2+.B@]:4 R#7]7VB!!%.P&E(I#-4/B$( M"T5+E@]X\^)Q"%[@=<#P0Z%=ATOI>[XD1(&!"RMN((F7:8O-F3%*'^KD->G& M:;?0<:<7Y0NK9^A-IT]6I,$%C,IG8'0I"A'1Q,SB* VNP2I/QP_=T>? XQT- M==DXY@<:9OES[X $_/=WU'*<_E MBA$V"E>I#-',[MBX5&:??A&SHU\YH&KT-VG\SSC*I]$SK#P9%Z*,DM +TL=F MQ^#*A4'0E-G@2T;QO;#7+>6Z @6A%J%GD^YQYC)!8Z2(H1J7,L* M-#Z^==E,WQR71R@)-4%"($[TB(W$ASBHQL;MQ@<.QJ3$R'A\H)V&I=?;IU<( M!,#8%1+C4'M0YRE?"P"D:)8H@. MW'KG=W,R(9Y'Z%X&OFZWAN.#,:*AYTA0ZC)0%%>LQ@&2M69;6X]XJAS!. &J M*$"E=;VW23W->VH(&RVKI#0P_E(H)0EQZ/N>QL/\0&C,W,R.E05EE1M0.&9& MGG7BN%ON4"CWBSZ8RW.=+XJIP1"1A)X9OLO>%\51Q2O5UL*#&A@ MK>;(.A,1!B10Q"'4"3S)0\2#,4; ?ZKWE&0,3Q67[)4C)@,"3B^\(3'+ -G# MN"C=2%SIB0QWBBW:(?!;E!ZG'\/2KD:';L= '7/*%\(:G"E&I>3^:,TB1,9? MJ65!(90L-U3.3>W&L]#T]/'3;0,V*T(!Q!;@I@BS)JI$(,)1$5R(,0IY;5&P M7&D_!)_-RMO26/7TVD_-I:Z)9TZ580Y8, RJB51;9I"'&:^YUHPR3LGF3#6\ MV8V15L>4.YM<1J30&&)J/P"'@X_V-8?84S_OFC#JBLD^_T8&O6<.K.URXKJ^0Q$')BC7 M'!PV///4<$ &]<,[L!!XRBZW@0-KG$XPE2[C6H&Z$,A%W-7#YF>& XKH6I\7 MX,#TZ6&'Y<#D!K-ASG3\Z2?S2>"-BJ<4\]P $1& H0*'VT-45D03!]LDXFZ=S73T#&&L9^!AI-W )=8F@044GQAB!;E8BOS?NJ6KF-? MPK>384_*83/RZ>]P2J!#1.FLWY^J(G#/-!R+,0FP\WPR'B9G#&I;0H]4];J M*+T?Y&]AE.0;M&M##B,@E:!L!#)EQ8$6;B6BX/_7+.6Y,C4NX.]WW]XV8*EB MOD-"9/IF8C\(7(I@8RU0AQPM^GG^>;!=N1X5)>4-^R8IE; M,O=S$CU&>;3N'!T4N !8<+X\A GR0"U4\8'#-*F%M.?*W%[T""]X>#"J=JP7 MRGJ>MD)IT]UT_6[L@H$W%'0Y"A-T NU1*1ZB1OG6E6S_$['S9 M6J392.N6X<*:^,L-/.*#4H6X%32 E%JQD8^@D%A:('5N;)ULMM]$ WB22)^[ MQ/4H:0F>";YDGG:7X_P=LZ.R5=L%0^F"0E_A][[];<5HZDB_Z5 M'?U>/DC YL:R'"7PWH=KSN[\/J>Q^@WN6>--%+[< 2\$EV[S$N=Q7\"6@+:&[]-:M^ M1UU0[1,54 F"U]JA!^N#8[EU4O=JRKP2/S5"B^MT@K]P<%'9N1_,!K].T4/H MBPPH2Z1+R?%@4LB9]^@FM,I6):-^1F(;:.LY?K.]W"VT5B(I(DSN=9&X1!>K M"PHP(\LQYG]11#\.QI\&8WOQGT$NV\F#Z'IP)4(I[V-^B;&.)@.Y>V6#JS"J M'*WZE\;U]^%HA'3V0_5EF--F]SJX3MN7M,M<'C^Q/3!M/Y9%Q]GTSV MB[P2FT!+T!:I .6<(AOH,N T@;*K]5\5U!O\>RZ*P&]_O)[F..Q>\ ;*/$UH MG5P43%LOE>A>85E,Y">\6^%]/_E>3??"6#,/-BET#30R+PJ$RO9!UN,7_4]= MVV!&*U2AE$DM>@71"#<&6W:(&*4:,A^DH,%NF>#/_K"67E@ M,C>1),MDH-P >CBAL*GGU&"!9@?KR;7,SO_E =FH#[(J2^#<=_C# 2J(\43 MZCW"K'44NGOVBLRZGWFQ+;RYJG /PD6(A(":U9I TU6,=JF&<>0],\4H@[. MF_/99/QF$,?GV>^ZZ#NEA!+KT4XQAG=>Z,",[)Q8(PSY::\:6/<.O4:N>9ZJ MB^X T990#DWK]>P7J%"61?ZE\?PP_+8GK0H>\F1FR04G5J'S);O;'UB*Y?"8 MORJLP_/Y9'I[6,\N^X*O>*JP=J?'*##M>Z4E%/<]K%5 MW,?@J$_$!(&*4]J6]$$8ULYQY&06ZJ%K8CJ;B?\+CHMI\ M]/;O]ZM5%]YK#\0Z1P,C"1T=9Q?%HU25XPZX)IK AJ23G>NZMQ@]%;[@P4L1 M@S$1F85VQ.I%KPFBRH%8H)@@W#RZ&#VEO"YY[60>+)X"\9Y1ZM*B90:U90*0 M9D;HNTI1SY[)Q_%S'M@QW3D>8(4(FY?%V&!?PX-!ND#BJ^:*\&C^M MC;KM9;)]'7=P((7@D%\^E)3)>-X>B0 QIK+9"[I*YGD8F:5RDOVP M,,E*T)Y!5!P44$65:Z^',:R;LATFT]4P-+[B..?U+ M4]\V,D17B,:B+38 %\(\"TR6LXKW/" 4_8R8V^X%ZT000ND.C*2I*<&@B@$\ M"S .2*\4"E3(HQX]&A*GT)RPM@6I%\:'HCZP:^OZ#%#8E;JWWQ&A4F@!S*)? M1SPQ'F3S!(K@:)K*-HZ0NQCRYP+.GC,W5OU=, S]W3QTVW.FC"R%HNTIXFETL5G$C2630PX&0 WII<*BPO'G2,$?1Y7)\Z!V,T0G\N M%QOEN?1[0N*=(T8E:0A5$E@>(]K>FJ!D8@4DDG'V/(Y(FSAQ-MX7"AZEB7@P M@%C&4,V&V'7-]D:)4'8G)T"9>!Y8+![F]X2",\N#%(HQQ5,24FG6&1JG9E>%/?T\'7("4$].M)1&<.H=&= ^=R4_5GZ+44#V%[\M+ \/\#$TA( MI1("::=JD5"2R*+0BR)%>2;!L>(1:S]$;"Y[\QZ=%V1AE/&T&&O@4P)63#4! M-,;Z6.1T5U=*JR629VZZ+B=XF@T^C%Z2.ZY@9J PK. MV$10YU%O8Z?N%"L'/X,QAAS+"AZW_^.>7%KX9!4>4N!$*VJ$OK^$8 M]]9'&A)J&2\MR2,BB[ MSS!$1#R3TW)H -RB&5'(&%!P)F5(HHGZ(A0<;U(1NF"44?D\+,^A 7#G5'Y( MM!Q81#()4;3=-94V06^P-H@;'"NP=]1N5WO>$JVM!D:%\-QYT$A$.F?#<9+* M9 *33]"SP./@0+@CW M*!>2A)/6C &&+D(U)Q37A7%'V/*[)G0/A8#TGAA%T MR0&-24+3*[J'$NW+,GTD+7)I-L5#.S/, XX! .!74>>I"LB!0;4B>![:T>0@RV(*?'C40_G@U[/L^NS/JG &T M+4XF%4 HWCT7%8?A&O-K//*=#$6$QQQ4%WH M.S&KM[5'.&4H[ACZ-@A%B$%H+XCU@G'TZKN\4*U+?YY*IN%Y!#GN&/I.^0&5 M2,^2(T$KJZ-67>JP"[K,E.5 #GM2O1I,*S>851>Y-27RPUH6.YWF^MUZ7.:/ MVX^T(^'M]\'T(MMD_.53-?WZ>ES_@F^Y_^N& M@ABZ3.LC4%2\WH3D:$B2J(:A1!"62+*6R0('6!0I;-J'[:OQZ/9K\J"HD2>=_-"+MWH;DG;!XQ]'! MY-;CI7:IZ0B'.IZ[]?:;*'PMSM_^+LPKH>ZY&7T8/ '(:A?(+?L\_\->WRJ9 M#\,O5_/91_OA8_UA7 ">C^FG2=ZQGAL@4";LUA3:6;IDIE]("U#C=(@J95O?UX/FQ'OF6X>SXC< M&FFTRR!:W1]I/QGB" M9_E@X.F] TG ?+U MU?X-<=KP)+T*MXK2)J.2LWFX-@U@7$=)" 25?L*]IS9]CS]O/OE:+Z%&_OW' MWWK1I]I'R9F!)+43CG#2I-NB 7-@H_B)?K^2#D,T8//)=-;M0#[[^V@:,);6 M7=T(C\DXJJB0"\>3K3POOUCP/UYGXS\*PV_#BVI\82_^TM!VS+.RL+M,X^HYL1>BD-D<>>7,\I<0Z MS95#]U4D2-!VGX;FL[D[,Q=3!N&!M2#E51L@VB$QM MB"OMUKO=(7_%G3G0>SV.UEN)?3K*-%!E I6>(0]PG0FBEJ#/M34<)UX!>[(= M/,S!/;&U/8;N7(E1N$!RS;*BZ-!8+SA7K>=,%6?.;-UB]DKKGUO\,%M\W*"Z M-A'=)JL(MYKGDF.MVS 4-=8DL6V+R2OR=&KX"79XLK8V^WDV&=W,JP_5_&8Z M_E#AYZ=584'S_O'ZZ14>.M8@%%Y-@O<3%'-*R)2 >_;@BG=O M7.Z])4=B_7L]A*Q"'TQ4W (Q$(.#%)%5-GW+02F;%-U 62B7]T3^Z-3D2,3] M#OAJ ZB.\'^LX1J<-]"..<2CSF$E47:![[V=J1/$=R_-?P=\I4@^$L$!O%4! MI B^51U*4BKD$2CW@Z$[N^MO6+,9\<]J>CZ<5>^GP_.[4N>#WU!9Y,$F/,(N M,,NT,\JVF1J*2[(^/6*)3^E7L*\[>A2 3FU['D[S+&^/=-HZ34&%9- ;U4EP MWVU/Q-^[=7OD*Z5^;L\Q%-?R]N3>RSXE(93S4IJ@5>S,KM BD0>@JD?=G4^# M/_W-?#887_S7Y//,GL\GEQFK7 /^I1J.\=LY;AJJRVHZK2[PK_6L8"2%DZ\5 M_BW^F5=E1W];O/>C: M%X!3T0B_E(;CP3COR^M<35#-YAL?\G?80\JDLCPPFG)S7:V%;>K7@B3 R*9W M)/*JU<='DZ$#Z;?QQ1#9]O SDNJ+.)B.F\EL9D>CR7E./9U/9ITFXP&Y[CEH5A9N2'MZ_6#ODL=3((R3WEE##9E&T%$V* HJX/ MN+FMR'FX=3\&$GT=L/,P.*!HNW-W'8OLM*U.0B2$)L6D3:7,,P6B1XL0(9@E M+NEG66B+\QGS MI!SYBHZ4W&^=K5G^OZBEJA$:,82Y-H4?JNN;Z?D5&L19UE&CVJ2]'PP7!G93 MKOF[R3>@_U_6,+_DV(?)?Y1;\SH#S]W>1'"1*0) 7&Q8,:'!N_4>>$NI:OH5 M1:_ZS@M_:*EIJCZ#^L5>3_/,Z"T44P@7D_8F,H%>K0J!^DY6:3S;(:LT)R0K M>SOX87[YKYL1P%:Z9K5WX"(-8(72U 5/6E$=*E*U0U0#QQ?U8S6?CVK2U_*\ MW,'_O!I>KU[*IE\3U%N[G5M%IP&/,-4R1HXR2NAV-:+Q+&[E+_RVM/=>2SV& MK#1O[?92;J*D(C;/19?:6SRU47>B6F**7C(G+2JO]=2.MTD:.+>,2V5\L#*_ M=ZE.V)Q/^%C"9MHXL^.+=Y-Y-:L_\FWP>52]JS8PW5VS)!(E4LF@(Z4^)]$3 M25772LL;5S9\9]*T_6[V6LT]EKVK UB,R1B#Y%-S@PHEEP! MVR@4-:& Y6" MW6_9N"/YNTUEVO2FNG@S''P>CFHVTB;^US]K?-[\Y<"A'H%RQ2D#%27^64F: M6HERR+/L'B*!@=PHT*'K/(ZLNW:/HU;$_V,N>DC,.N+;*0,HJPJR\"*$YD"/ M)NOMQO\Z1>JYNSE?]X_J(_-F,ACG\]-Z:N,OMS_*_;C]/9\%O5K#>[+*@USBX_#?X\ M[-K'1(B5@B@FDT@\.H%+CU938 I2V4]J=>F'K.M!1=IUNVGD* NSR5F2%%"? M-&E%HNBJ;* ^Q=V^LUP7%_6(;.2 2/]>C_W@>CC/T[YR/ZLZJGC8[HCD$J&< M"&IM%)+KH!;6D9%0M&OGPC!*UVY=[YKN*\&NS6 D*DNEY&H.IH)5UF" MD,I945R@?ZCO)4'GNF\N#6CC?@='GL!'BH?*BIS;F@RQC+8LTQOEF5D7A'&F MQ*H8>RWLX42Y__/^"@ 2; "70V_)*D_RF[[M $!/O^QE+"6EIPI DYQ2EV#W M63V(Z 0S911EZ#DI;T/HQ";4%BT]J#AMH;>4,:S)3,&"0W($^<)RJQ)M94;3 MKPJ9)>%PBD(?]*ZS&M02CN54"L)$4@8/.[#8[;I,O@QJR5.6?\]BBE5_0*/+ M0FO/)EIKO2! %]<]K(>%0RHTA4: 1W%[F:QV-"CTWPUWS&G1[;2Q%HI+*QEY*H[RY3TZ]Y+^+XJ;.>DM1AZ7(!"<\-W+L M$'!51S $);(MD_RE-]=::-'*9">1&=1+I&< M=514\!-G^/D!EE";3 M,+GY/+^\&2VBVM/JZ_#F:PZCUA&PV^#DYNCTCE"+)I.FA M2#$ZGAOUY$)B[:.Q2)8Z:5"3%'KC%R/YP\J2>TZ&X:P^J>U!/3RK3VF/#DON MX)620=8GK>ZDH(:54E"D@G2''!L6=4\)>DY5C@%KFK/H14#O.:>>N4X"QZ ( MCOZ"Q%P_J@ ]!RDH0-VE%?,ZYM)TSUB[!3$GV!7/O[^P9B#/@PCP>CP?C+\, M\T-JSM'=JJ(6)C8-<3'5&V31%^O_UOUX._C/9.I'@]ELQ2PW!]F>U^5?N>5F MW?B\;UJ=8-8EE8Q%_:<=49QT:IW&1Q$\ M(32?<[9X\516%'>5L=TG_2$A44\#"4F0DL+[0@)ZJ8%*:)%33E&JVV34^.?YZ.:BNDC3R=?,^V[F[8_J[[>X M'YM_P-*\CNF\S4W?XB&197_0*2%41&X(% EDM@V-R4:/R5&_J94)$"$I"+X$ M\4, ]P)W8MH62+R;C*^7,YV;UCGS? KWV2(6M0\N6,E9"IP':,??YEYN48I- M6\0,:/G\-F@]<'=25T5YH[V$(!E3Q#!#B>?=5;$F;&XLHRC>*_BY$X]S5337 MUCK &Z-$?EX,IBO<<$3XM*F[#'X8?>?GMT'KX9*3NBJ<::<"\Y!(1.L2@XZF MVP=0*YDIMU<%'41&G^%5>>R=>"BKXBSC1*5D=8B)*R=$MT4DK 2"NRTR1((Y MYOY,J\'9Y>VKJLKIH;?Y3=EC M&DUF-RB*^X%_N9[,!J-?IY.;ZQG^"%PS+J[VJG+-WDUU<79=-2U,;Z'_%1?8 MS.ZIIN-Z)D=/[%5R([E$CIXBH^C[R:;2,*+Y$'IE3LOL?R[G?_N[-FO1D"V( M'(P:@D;,/]G19QGWICFA&K",B,1)/<2G2W," S[R @]@H)\+()M&L/:\Q>"= M2ZCUM"(\>1.=Z=) ,APK$=P6#JG@:'#DSC5O!U-03W&SW@S^J#[^S\V@'773 MAJBECTG8W""E]GPI6,5+*;4\JI3\['S.R%,&WSR5N:3=HR=HWEYS.9V6Q)Y0H M\G-3#M^4R>IKFTDCTQ@AH26Q2.=^DW14OTVJOSV97@![/W+_<7?E7 MIF#C+_/)N#6AN[>%7VYF.KV.RLQ=#^9 M7D]R>>E_38;C^>^(STWOADNC67*42QF,C#QHW194)HA1"U-N..%'M%HO?<,3 M?O[U%%VB7&R&2WJB35?>1\^DU"P_*S$F2#LCE-*<>+[AEC/V<]/O/+CT.PKQ MXQUNS]7'.7J"\Z?9=8X[JZS"/><. .^Y:+HT9Z>!I5 25,W5L3==/L6>V^ET M\OVJ&ES4LW7W(I'&H$UTE@='-$>NHF(W@1L<]V2#.P[FN.!E=WPOM]+G4-KT MAQ_=?$9V]K^#ISE\ 9UO$HGW7ECM:5CTJ)764ZXV\+W,08X((,W-6=A3'+^Z MC'(R&NS!DI4C47L5A0O@D@7)H0V*&9[8!M]%K*>W/2QH++=Y$4\!&AK.+[BZ MR\N,6CTK/2=)U5D"=MZ7Z.N<(D8$SCVC@E$3072A5I,(*U!DQU1\JK%V^FF. MWNQ\<+%/' V\ JZ"HDX3'W7,V8=-AT7'8G E9F*]>/BE8%;']+_@+]J"&E\^ M:1Y<$,E+1$JC9YLXYQUJR2I5H%:7*A\/M;JKS9/8V!JUM\/SJ^&7P=A^J_!C M*&I?" UUG0[&:FW1J@J3GTCRN$IJM%!4B_*BTJ.I.R"B@<\\24Q@,$8+^W4? M&X$7#\F\LI[GG%I$3)K0V0BI7$E-V'I/E7U VY#YU9>$SK63240J/*="B91' MN'3=7@PZ'D7?$B,TK.>LE8E86U:R*TN<1$F]EXD*22D X[+-G7/&&+\^O )7 M(@D:4KK72A:#!FYW?=.;Y*USL_@'[L?BC_\8X@F8GE_]>).[\:V0K<5G7H^O M;^:S^@.PQN&6?N3;:I"7D,]GFE;_761> N4>ZB5=1ZN6CFF)NJ M%25W]>$LC^?)8LN>$%NDRNCQHOMAJ(@L4&U#U] 3,2\+,SD33P/NT9&(5C)O MG !'E8[H=UGK.R10,1;])7CMPQX3"?ER%"//E0?6,07*)VDI57YQA5%I%@4N MSP?5IU2,R,.8!08A:1JTUEZ0[O(FST515_Y\4'U*E4@TTFGT3:@*7,AHC>"I M.ZN6E(4_NBYO?@)%<'0DO#0R1"Z-HR%9IE**I$,"S4-A'(Z/A'HY*C&EH)PV MT=%("+>"> +=Y;51%:SF^:#ZE"J1:04&/3T-.CF2PS)MZ]9L:( 6*K%N3_Z< MCNQ3:D:/WJ'PBO- ?6[@(6-;CX='UDAV D?V^!#D'(P(BG(JD2 G2]S"P_-H M?1_H?*W7NBX]K2V79?68B@-*S7)<9?V7]KIEP @:2F^UDS&BD;"T@4("$Z*H M,!.:KT&QIY0/ HQZ/&"8,RX8ECL=$>60HIEV^$/*_<[+GK2(U5I\^"& 6?I< M$YNSE_-J^N]J,$TH^),"% .3/@JA#%&:>TFB-1U U/$B3$*9H'PW0+NE/0RH M=XC+I^_5Z%OU%D&ZZFGT>_1;9F2R4G$%&BRGE$O1886R 9W)S?1)T5'H)FI41)SD M(Q-R T6U.$3>%ZI:TK6GTOWE/!R=/!KJ:0\/$18U=6Y31S6$/-.&+BQ9%+QL M]4/@+O#4@MX!G^^3)T7'2 _$ E>V\>.HM-E.)(J^ZGM*_8C;G]N1NIB'6+G\ M_J0=B+#0K$H7H3N@1*A[2KUM8L=CR8R^#/6X>2G;#D9]]%U&D\1]3D5W(2U9 MST:OC<_82^!'U8 L2"DD%Y01)U,*?K')D:_/C$0#(8C>SXHC[RML>R\I+Y9:3%+H9ATN5MW>3\@@X/6!MU=I,;ZDMTYP1< DD=9&2 MM@VB!&E6M,%1\?&3KY^'X]J"^,EX-KQHLP3J++VFS!#[X4B; /DJ&(.!MS$/W&+J/R&:EU+0MB)4T0BJ?0(W1:U[ M < ]&.#'*O&C'-%PB>-_(][49)P@7;9N"&643P!=RR5Z(CAR8N52()F")IPBR6?.FM0!PAB:L7(N8S& ZTD0>7ZYNE)'Z[7) MEM(GP]!?@-97H"2I4%I*>62DL\JLYU,N_83E4L#*JS5FBVTH9 D]YKKQX<\Z?>YGW: M"3(E0^YQ'<&@GVS08U;-_%$%A@11A+Y_ 5HW(3@Y-#]4YY,OX^'_(I6^R&VO M+X>#!9GN.(<=+T]-P^_=?,4OENEUQRQD#X0$BE0\VL@)DD^PJ4W-9MHEM6&( MK>)KU;D/+_VQL&T'TRU]HVXK^VA@"^ZE!*V,5-HD&YS,PPF,0*81O"];L')S M1*BW@'$L[)>^\FAX:Y50)R?+!..9NF$V3 L#A1T51P5\Z2O' GG=Q3\F MN-%8%P!5!!':>J0KRL3V, OI:#E+DJYG]3VPY#V@?IQ7UTLB1_S3_$?G!Z+B M;WYZM7@T?3Q/(T7+**%1<\=1#;,< FV/*46-O&' V!Z>QL'B/@Q\MZ[V_>(J MN^%;GFUM+?':/N/$*AT$,<"82@J9(&K[#AD20N'9/!8R'GUIM*CY/_FG?!N,LCMD MYWXPG?Y #Z@V#N6[ =]1[6.M#1"E]PR"5\D;5!Y-]T)JM>6%/=-(NU8#B7LM MZ@&D$#NDP), -[F1 I6AE\4(#UT,?W@L*7;5@ 43I]/H6K^>[ =(0HU +)E(K(7R)),)+1G"T"10AF )&P/<3:O M[N&DZE'^@L0@38J$YR1.G01WG50A\/(17PFVSU$[ME0]BAMTD%Q;-&QE8H)[8J\EE]PI_8Y>WN(-?GZ=3BOPU/YGW<1J?-U%_I6"=QZOAXL1=.B M1))<1@5*R^["$%%LQ?_YH2Y M+GC5 0%C3$.;EP+$\V%C&O-(NG>#K[TK"]Z6 MT6#]3;H1A64?DVYU%@,J)F)R\8T53E,.DK:B,"&%VB8*?;5EC[8N[0%$:3KB M;=\7'7E4BC+D6LE'&7(A<..NT6"]#R?R&_U/, MDEO[?M_%2PQMC,93&G%'K9+(Q5C;]X$F2NPV*,@KQ1\1BKVN&Z*%I(U++01C MN?6W:Z>J>)>;&HEMLLB]K]O#R5(R@C59"*<4-PEDB7I]G/:R+%H]B"SO!].S:=W]XJ*FJ]T_ MZ_4(5N4PQ*%)CIP&J34N/O>9;XRRT[!#G9-7!#;*L6U=]Q9#[1(#EQX=*".= M8-XP&3E3G1A!B*U'ZU'%:%SE_+1-=RAR(BD0JQ/W+*"_F8)0OE/D(<2M-_ZA M1&D8AKV97TVF.?9^X(%RJ*VB1F:,!$%%&W%'9+<31J1- R5HF1NR8SUW7O;. M R0#I8 $+1=&:J$C@];!1XZ,'LRFZ4H/N.Q,WS8MF2\E9"XZW33QG3RQ83*N M>?AJTL+B1_>92:Y"Y"ER$I71QOHD.W5,I=?*;N2G&E=EC-PA$&WTD<75!UY2_.8TBWBXG8>2]R= MZH(&PS1+N(!( 2@+"D2G+D"OI"_?+I<8DU=\M.4>;W>D3=0$]"."29F%,N:: M0@0OD53S>#QQSV[FL_E@G)MT'7B!.(LI!*W1(0I,HS%R;0 JU\^ZU9D=!UR@ MI07=?>$[SQ;J8846*!.:@*Z/<'SK=:S#+JVKNT76'B*%&I1^I1Z5N(@0DB%E?4$E]D, -?C]CO M7MKUM+JJQK/AMZJK:9R?77X:_'EP_-\F2ZGQ""9:)J*Y,CRY=M7&4U]D.@KT\-9F)AUCU3WQ MVX0J3&M-74(_!WT=RWBW:K2S8<.AD&1M2NG]5[UH.YB+1/+K_+R)*^;LED^3 M=Y-QEFHZ&8V6:A,./E4>Y=&.$4+Q:AIA6+04)27&NCR4LGB^%[B=L/>INHL( MCXI.S^F%Q)A@^1%6(L.P8!&>!AWCDXL;*^:9>3'H]-V2W$I0.N\\303IE_)6 M->@@3D%N>)$"R>#QT!G/YM.;\Z:8\_UT\@4_,8M_7E=HW'(P//?US/F,%^YF M_FXR_WHX)SW9NO@%@F#%*CUQ[F[K;2HPC;Z[S@6[(1N5K]7BG)&S/^?;HZ4:TL=K2&$QV\'E8O.*Y MLJZ6HU\BCRGL^\&/?/K;+-S#> X5BAF'%"(F "?1'-MV-IWETON"@G$"=/VN M;EO)VGJ_5=-9+K6XK$E1DQW??'F^7FNSUP63!B^7JK/U4(.$W)ZY2PU1J)G+ M&B*QKH)[EG3/]??<&25RC,AKP3@ZJ4B_;?/.D!5$"F6Q!R ]7N<2QQ6@YQ[0 M'%30Z+GZ'.LRUAO>7?HHBP>P>JKAVAR% P68S9=;&W^HZD[4!Y\;"\D3G=_5 M\].J31[:UALN*F2D!>Y,&0WKU'/C4NZTVIY3$KD4N#8;%#+2U= M)$:4I.MVY.%6VW,D#*.0A(%DC+2.$PLF=9EIN2*_2&HT LRZW[37:G/^0*TP M9^NI _NPVX2431.;N DA<8$L'KIE4WG7K"SH4I]+@L13K MRFO'^IKN47]F)RO;61 MUHX&<3)%7)JMC1_>IV")B%XIA3<.36%1'%FPECLO](CB'AC(>S^8;GP57Y\R ME2S/J7(BHN\N!?@.*1.$*?*Q7B12'ZKY(*?R=!.N^_JJ49NK.!.W03NKO75- MS_PH&3*6LE/]:6.V-+KC=@3ZQ7]N9DTZ5YI,UW[L9(Q_/&]*(E=@O/W0QQQ1 M'$PO9K]=7^ &9+U(S%KI[5&V!BQJ6)!.28V6%:]]/L?UUJ!F$V70[&A;4_/D MQL%%W[;5A:X:5Y?#PX,VZ'X(+2*8X-$:!&IL8S7P*Y("+JL_XL>QD-:-*9L/9Q^MI-;@X&_\^F-9E;1_PDI159O!/'JIS M_4O^G\556?UI*[?H-_S]Z'?F>7B?B\%VN:AYY=-O!W\.O]Y\7?O<\HI6/OYF M,K[([NZ\FGX>C/\XPWN#ORE_[,UK=_:A[Q&),9^0!VE0EB;D.NBSJG:(.D , MRWC?UF811F\!WQ?&YP#]PD1"F\&RCG\<90\!;Z"F'E5JN)>C!B"?" M7M78\UVPUQU+!N/YX.UD/#P?U+/'WDZF\R^#+QN:-*R=1.ED\.@T^DAC4/EY MR!O)(%<,*M0*6^!@SQJ.??7 =MB\X20R8;@B.7)CN4JQM-A>C MI2L]M)?O^U-<]P- ^75:56-[/JUFS4OU!LJ\7'ZA.+(SIYEP6E(D:6]8%M.QBFCL+".Z#C@H4"+.#PUTL,9,<132-RA3,8JZ*+S:'E]V*(SP;PT MT!^5[D@MB4^Y["$FX,JK$-I!K?GBKP2W5NS[LP;]6& Z:2D83:+P)'"C-(/4 MT79/Z:8&E1E,_J!ZHZO,;)X7=N#V>!B\&XR[VOB)03)7B#CN15G ME!R-A^\DSEJT3 Y8>U#;M?:[RZ@>5$:;T[.X0'?=2^&8=>U$6;P&4I7EF5PQ M^L@RXKG]@F?V:_X)"U+43#.=5[/VH?+3Q.&9MN.+NE_1\G?Z.I0+/,;*&4,X M\]%K+:#M4)X"465=NF'F1"!8\,)U=W/[@YE0Q'+C+7,2[8\7NNLN' DGLG@P MXWDN\UK:T]V$37DB="GHZX:?I^JSZ#O2;CH97'P?_#A^!\9CE:,)B:;?@:+: M*4ZIEM%I=#F)UU)IH(4ZX65=P390[PK\ SM&.X_IFPENS,J=//G]6WW)BW$^R+E<]K]"4 MU&.\]T)0.T)2KA_,BEI ;M_4&LX@.)-D2\C:;(UY/1Z"ZD$1S!U1+T;5M#V/ M;0.QO3!,'%D'\=(F!812@O?P[7\"B5 4 M= [0!&><2]2T^3C)*R?-ECLLQ G#+8#K8#T7N4Y")4Q5! MVYS*!]@0] B[R#%&MC",T3V/LSF),WFR)93&R M]07OV:*(OWL\:;&L[_-NW/) WX1'CBBG!'K7X-I!WT'[R+=$4- -?VFX'1JQ M#@FYBTA2T* %YY&W+4T4>NN*;-%]B/++Q6U_PY'3"1.74DG-C6:!T[:@'34A MBW'+0Q"3\-+ ^^^<3=1$#_8"+E)!32+:JIA[ PFQF&SA94QBBZUX@;/[[L/J^)U5V.3,F&!.IX9(+2YI91QDYKNF6#!E.]$M#KIFAM:U-\3)DP3(A M7-+HV5H=HDF6MV%<;Y@@VY**^(MC=A\'XT^#\>_#T0A_V8?J"WYJ,#K$3_,^ M*,88D33EQTD*CKD6232W9M.@K8PDO#A?=_^L(KX227/>V1@="R$HG1B\^&[S>!5R$E >IT,GCH3K7+M;/=@HB8;SMO. MCI GA<&GJRI;3_124?JK+_B/M\+ @[' A./&T6B$9TEU,#!O^0:2^ZQ@.!O\ M,3L;[WF'M/Y# TBWIG9R_.-[PZ>9\-AF_&<3Q>5;B%WM2?A&-0>ZE2)#6Z!@ M55*+G_ D;LD'Y?3%Z>[?A_6OR2&-0XZ?C.AH D34YL0G2ZWNXD*6T$V:O#9] M8FN&R'.%[U]YB.CPHGH_^#8Y^6 MPKY>#%.DM^GQ)SE-<87D*IV+$$#1:#-#XR&8;HXGX78;2]/'U91-<\8=0+,: MZ/,K:N[U0+HV>=CY7'G!B5!:(/G* R:[U$1&XA9K*^A>UW9=I <"XB^3- ** MY Q=DH +SKTR7"0+D=IDC8MNFTF'O0[J_IO3U+X-S]\/?N2_]J8N/OI+XVI% M5R[/]*Q^*A.YT-7*SH['0&/1\Z@9G;4-L3793PFDO9\25R?@L0C:"TL2HUQ' MBVY]:VB\]WC_RWX;;%<.V GC<_!CX6IM:7YI5>!]L(I*8#S2Q3$2AA6U^XKN MRAQY-C#M\1JXUF',FDB4("'P1)BGN0EAPUN A_76T3G#YKG"=$CZR&IZ%43/ MG14,@LE/I 8OX.+UWHD"(F [,\=.&Z.^)]'5JF&2^^;H4+<:-HSD>6!=J#MW M\2C2;]6N%.L3!F:/-\_5=$/T!KS-TW-4,A9I&!K[]M'3.B**Q&Q&=R4E/PM@ M#KA0A@>\3>A6ZMP9U03.VC9EZ"OIX,J^+YP_4Z6SS[/E6BM6IO&2)")3%#SH M"!XZ74-D.=R+4FJ>)S2'/$RNJF,!J)%%-"&!8C$ET<5Y E.!%#FA3#]3;;S7 MR^-JNBQ30@JA&;*>/!U*Y,%V#32YM5D!C93/E!KN?EI<538ZI=S=&B!EYS@2 MFT+W0D'0II>=+3A_GJ#8TGA5JJ./4BT.YR M<2-7'NY[I\$]M:ZLB3[M*;;-2LJ'13 M:[V\[XC/IVKZ=5-KFI?UBG&;^RD3)!+Q 'J.&EX3&KV%""JS'.[YW_[^'NB_ MMZ&:P=H.Y6_CP=?<,?Y_\;0,9W6COO?3ZNOPYNN[:G-+@.W,'O!6 +@D61Z^ M08)IV\>F)#4KPPB_B/6AY O-;=14NDT][:* 1BX6A7;)$2+0C6(P#1?OP!ZC\/?Q:BXYDY M.6I]:.K?_DX9W^6-/K3<>]0YW_,!2R-MS.66D1%D!%*2+IB3E CE?(/]K\!C MR7^W?<]3X_)3)LHM=9+1XK'OSGM2H;#Q=Y;XLLJC'7(GVPHM;S<0W,YFN%F' M62(\CS%$XZFP,28K\M-LLV0)CKABR9RBW5K;JUVKN<^Z=]D;QB48@R;=A"@- MHXI!:T%1XY+U&*&B2<[AZVX:CM>M7NX"-CBJ(OK;P@0#TC@J*'0CP4*" ML@^*TJ30B%O7@:%RDHUF>$3:!R54G\X4.1&440WKQN* Y:;A># ^K^K/'DQ;6?*)2(%F M'1AZ,#JJSLF+R:%;4SIY"M:]O(W+N.M*[]:R;$?/#I</(1\.X?N<",\4.894JO$$W3#)5,BV?TNGP9TD4OSH"M]X)U@ MW!*4S2NA9":-3"]:H"&7@((Y*L$?1[SC-@43VGO(O6U19DZ3E"+ZKBD87KA" M&]Q'[%\'P_'9^.-@5-T&.0[D#LK[9+23-'*;V8(AOK,-8,L&YD(;M5G3;EK+ MO=9\]#C%^55U<9.7T0P5>%O-KR87K\??JF::0?G5JGHW^%KMRNG!\[(Y^; G MJ"V]CU8CWQ:2Y$F+^ >;"S:I6:8 M*M((#SN$#S7/Q#$@GII(DR#2,A*M98L1&YX4]^<71NEFW;C7D(T#%]\WV,0) M9TD>H6AL<-RC-["8#Q*-*Q4[W\RUC['TGM$F#JF!)#8*= HXE<%ZRQ=+WS#> M%H12FXGT 8O_@.?\0W5>#;]EIG6X=Y,D=2J H%R$Z(6ER,8:\B4HH:J<6"R5 MW!Q2*%=RU_7NG#W&(@E2:[QNB0.HR+L"9D%9H.5$+=!B,\C[K1FP+'R&:0MRSG7BO?!;=BZ&B% MJ&PPUDG"6$J\\]3!0QG41:PW7\B[K/P,=>4@F\HWZ-C7W6_1JGS/)O,P_*,( M 15WI'*WDM[,(EV7P/4[YD6.D5,)U PI-!# M0!7=;&[[5_90\NP>$"Q(4(%PQJ56RB71%"&@/)*@,BCT*BD*->XH3I[GYO,P M[SS>NPWO9I<8==WDRSA'U["( MU4JZY(CP^/?N;H0\M[8X$TP7[NZC %&D%3WXF= FQ62L5\B?\]L5J$YM*J]# M+$M-B'R:ZW$0%';? \,DD[()(KB1?CNF",AP)Q&^K)CGOS M%CLHI\#N,RQ<)J\3"QQD#)KDF/A5][B= EUD-*H2]:@7Q"EGVHK0/)5[ M [E%:LO9^EDY>-7XYU'U$$=%Y-6 01Z+W#Q[H5PU45&?2'[IWM RGA7,KW]= M]Y>CY_#P $ADD+UJD1U3M//0I+_XB.??%G(P(5CQS/T8I^3'(7FW'B:M$NRS8Y(C 5&BV =54WA^Q%7 MW'- H@'KT%DC3&JOO.=)MWE>C%NUP9E6RA2)\WNM>#K\5D>D%V,@SBYOO[C' MFVSWT=L ^H?A[(^5:/!R@PX_N.YK=4$HT=&:8)DF=;<+KBUQ/$@G@BV#PD72 M4)]$F^7OQG4M+_8Q9%_NX6.DBCX9[T'$)"55X %%I^B]$6?BLEK8WE]VET"K MHG^K1I/KIH,*^KWGU:$),2I:QAQC2G-+T+Q88MO2#J899^6UTL;(]C.9GILE,\U-E#"(:!1S M,[BZ_W-D42,SW)U$>'H0K+>*Z2EY)9X)F9 B!XJ&R@O=5.6A^6+4N-(XH M'@MO>2Q2#JE>)^"GCT277-^C&J3GJ!6-%R'D!W94$YUJB!;*M^QF#MR)(S$: M?,$?<'F9%<3B@M1U[;VW!/6$=7DR42**.6F%%1T>$A"I9Z8J-S5YZ@D:1VH( M^.@H>G2$^[=$]/_SP@"+.<"U3G!$TV==-/)'8*TM4T]JDF+$ MY]D1V;0>DO<@"W[C?+UAX73D_^M]?_ZQYOW?96EE(;H M:9!"6&EEOM:N5?P*>4%9_L7(Z5N_MVCZI\/SJ[>#\>!+_8*6WPP'XQ]]8*#3 MG+T%QJRD3CH/OCT&T;DH"S.@H(A2GQX8=2N;:^2#>YB!6'=50.TGO$S,XE*: MZ%&FQH'9@AJ?N.A+!7+X(Y96T'YR6/6^'2,QSN5Z,260TJ7 0GL]@E-V@UW0 MY3OZZ>&RW%6NYT!X=!E=-*"1$B(7M*@CVQO!;$IE94H1GCY%Z:>#B^&L:CL. M]M^*E++4"(%U"1F"%"!H1XYC% 4(INC'>((@3"?X^P87Z![ZP6SPZQ294F]C M2D8939PFH[1DAB7G6I(4: )11)9.'((#&@C&D,NSJ,6K[0&]9.0(BY"!5+#A M0?GTE4#3*M!>_&>0F\>_R<'%'IXH9.[UJV24WE'OS<)'0.+H:%E*2& ]W^Y4 M4=C<,+''-.@(5$ME=4@L@!8).M,@-"T+YQF0TR>-15/$'L(D-1I'DI3TZ#]1 MY[6V'6\6KF2/N6?IR[\#?Y]-J_+]#Y>3W,082\8.!BII=4<_0?P ?5 ,_X. M50'5*A0N]/.#X?WD>S7="PMDB$33_+H 00?PGFC3$4:3GMW+<_V>T'C4N7IR MC,!<#:][0PMY?JL."NVD$](YBKHR=N\*G(2R%:;@S\!W:GNE]BD%YP7NM@6# MU"B2)!2)G5J,JBQ- 'GZ=@$E_W@UN9[9.3*F+W@<O7'J8,CD5D!>A#:1N50_=8=0> "5(\PQ=E.J<'P=ZQ W0/K9,"%5ON M#TV$2M!&U+S*=8_/S!0T].OR&QG%0EGH'+ MN#*OHIY@T?>XQ(4P%JT?^HF/CGM8;>6ZV0B+@1++. M<^2(W0WP(<@-XTQ._P@4K8M[;@&G-N8""9,[RFB=T_%:"-!["(6+@&[UZ=.! M?PU'Z"?='H"^2T!,E%(J$,P(5(K&=$D6 2Q:A_M<@N'L>C(;C'Z=3FZNWTWF M=7O7W [EIKIH*Y GX]PQ(UY' M\O&JJG*QK+VXJ-V#P2C_PM%D=C.M9N['RFIF^"-&-SD+8^.B9DM!Z?%D.O@Z MV">U,7'%-% N"!?4A B+@@2:BYZ*.!Q3=.VY]FZ '0-S^4]JKZ? G@)S/[@> MSB>C?3!'AXXJ2X@)W#$+5*8V>XZ87-5?=A?DVO 3QOSMX >#I\#\;37]]J.W M9-,G+_/<1DT"DB:)L#>%3[D1L*:N3IE/"OU;I\"OQKU-\. MSZ^&7P9C6[>U0G71]] B6? A2LT8M8[A)N11,SX!SYW071D\0%UT!/2_(<$9 M7[33#C_.)^=_X&FZ.KA^#JC35I* W@XZO"0$)IK&K!ZMDB+%LQ$0081<>RK9 MLIC[++CL[=7T&LRI(I-QT6/M_6!:;9KVO-:O/+#<6D[QW$I(,1=)*RM(R\OA M)B?(9U^@#P6TDNL 8%0229,F IZE-E!FC1Q?ZIX"21^] METQ;(HU%[P3I)[0+MA2I51&KYD2(]>9)1UCO,4YD1.\[>LH.6GA(G.BM!%'7^\QSB,'EA-HC!4B3\<-,;.[5E2ES(;S>(JB M'G@>*:&<4A\A,8?J4>99'JW0WH7PX$*W/9+]S33OB,WD;WS>_*6,"HA=[66C M58D*Y4T>FXF'4S3M![,1UW1#-2E#&L@V+WS'HNXOQ*ZZ71US6ZAH !E(<,D& MDEPK1-"J;&3_Z(O?5<^+?DU$GQXWWA)W5O<, M?S,9C',&:-/,&R_L;8_&W!>V^_-*&_*E=K&YJR#^F-L/?JA[X,PFHV%NLGOQ MC\DHNP*S-Z/S/K_6,RFX"MQ3"TJBS]H^!A$GJ/Z*144 &X 4J=T<2(3FHO?$&W?I'XB0<5>]<-TZ@41$HQ!8-4 M2>8V/;&;)1()+;PM36&=N]Y_=2=^;CGR)N5E AEH#M\GQFRW@V@*BKO-U7HY M^0-"]&CGUFIP0C%KF15>)$*"3ZW4N7%%F?S,UY.;=DG=<8?WU?3C%5(G-Y@- MS_?QKNFR/_@R&14:(=;8)Z.7D,2>&VM=)72AUCK73'6B/5!B)SS+C<.%0R M=!C;M?K(UI,[;]=*7C$XQEK9+EQE,HG;E'LK28_6Q;7Y%8BK8.NY)LMK)>88 M:^4[ULHX4YE2,H]4V$ET0)-OUZI56'\/7EXKE4=9ZXZ[I5'/XS+!*>V8=-$0 MZ;N[%8N:P.6[)>C#KU7MO%N04PVEX3X)G4?#H3%SW1D@5LCMN/(CZ &U\VXI M[ZB#(-#KU3JB/Z%\V]/^MVMU MGHD=>@".<@9VW2VM4HX8)\U1TZ80=#M%)J\5J$D[[A8[REIWW"V:^[%8:D!1 M38 PLN[N\5@?6[)[5KA%;D/KF$XNIEO;]&[;;6X_;EY$H7 !2()D2K1K=8C MF;V;E6T76&/)5W=TP-,);M2Q:VAU:]G[KW:41=)!> MZSS>-G>NP05GE%NKX&#]=75?:WN_]>[2"C'XW'R;,Q:HUP(9 :>W-RWMN&F[ M+.[]UKM+,SA)I,2S:G62Q =BLPO660>VWKEL7ZM[S_7NN&\B:JD#3=*'Z(30 M@C:-:O-](V)]].^^EO<^Z]UM?0W71BE'(&:84[#*=@S,4KD^.6I?ZWN_]>ZZ M;S:B]240T-GEQ!*)-FYQ'H")<#<+?+_U[KIO6A( &I%X>^Y)0DT!"X:+5&+' M^=UEA>^WWEWW+5&DBY38F.=4*YY8DJK3#XZO)WWN:XGON=X=]TUR-+G42+QO M"4F.EYS=,ET+=[3&F];[]7HT^5%5'ZOIMV%^7MVVE MWSVH2Z6.D*C+?5D=)]$8!>WT)!$L"45\3%$.+Q:KGH<\CW0K62>H MII0+SUV*3:0374F+9Z@X5W1MLLVI8/5NTLQ:O+#UM)9/$_QQR]_/O^;=9/[O M:KZMH7T1V,P_:"52F2> ?JJF7U^/<2,KHWK M_>O@VGUUL9B,\5F=)-T[%-D*BF"&8(Q/,2G;-AE"^Y.?PXLT&?57/;N+C(*K MP7@^^5HOHC[&[S_^UOO8E-!59\C%42%X<#+X]K$)4796;SC*_ E0WCCKMAB$ M64_,0DK5*'$[OOAM?%%-1_E+S4\X-7>]^407.3$ "2%)*$ES2J44#V;HL\A)>O+ZN. M(G$*/M>;2M0!T2RF3%"SB:CJ$Y&LAU9JG5 N9#Q<>2.]2-SP3C)BUB/F>?0- M.ZI@9]_;&G#DG)F[#;[TS ZX]Y1ORSG[U^#S8';UUKHW;WQI!%8LK<^\)?#%837.E M$K*D0=N;J_=T48U& LEJ$"GW=]>"MWPN(V;X9J7_DDX74LOI#S^Z^5QWO/UO MO[Z/IJN*&Q MQ4ID-#^V*P\1+V?NCHI6TW;FTRBW39^]%-S^*^?[V]EL:TE3,#Q2 M&W+UNQ;"\(YK,#0#9B-80%^*0OOO(3I\N1MYG;X_N_V7O;;<$EFLY)+U12R%P*;Y&7<4TC)*G%@O>#%B\=JK9) MUS_^D1I&EE5_GHLVN>DF?6_L>+S"._",*16U,>""-0*\ZW@'#\9OT6GPTB"L MZW:_Y^]/EU2# MT8;FM6NU;4 ),2($O)&. +6R.UO)KDQ(?XE(M3W@WT^KKTA-ZH+&4>_IXCDY MDUIO"9'(=T5D1G6G*U_3%WX?LQ$]GTQ?OUY1:VZ"/_/;8'I1=T?LN9X\!25) M5+FC26YJ0A:12:8X;%9H+^?0W=[-UNGZ^#\WZ$4L=17MX<(B,$$=<]0;I8FG M3,2%IYK(2_>X/KW]].%C&SYJ)YK4#&]4C?$TU@V[!_/U0$#/C58*B/%<)B*E M)3Q/Y^X0]7A,7SJBM[,DX_*,R=V@B4B8E=HYCTZ%A]RL:&$ZF N;_0S^8D)- MS>N"GTSQ%_]C,J]&K_L-AP1+J5!YKK5,QJK\DM4B!DJ]=&.[C-@>%([FW&KK_I.&;JM@VN;>NI9!G@*\B#-Q(5]\ M#& 3>OTG+E]&'9,C+%%G@3N_3X>SRM[,)_EB]BLRAE2,4A.HRY5O,9JV!TF.7CJVY=64L2>!K6F^ MD]N?,K* SMW,AN-J-K/G^#-G=2/"6^^I&DQG;]K4[PT4]?6[M#*Z3DJC@DN2 M:+"64YJ?1G,)#8)$5])-E_74$T+!S\[G2U \9O?=]Q\6KPP-KD\0:%FIX-2: MA]PI2W =8U0T\B:W)$$PR&BV>!A/MGFRZ7'*GV+SWEK_CVHX__K_L_=MS6TE M.9I_96/>:S>12.1E(W8B\MKM&;OLMFNJ8YXV:(FV."V37DIRM>?7+Y(\AY*8 M% ])43>[NJ/=OD@4@$3BEL"'T?2N,]P#,:3_%HZ@OL[X)XUO H8,G)D"OF < MMGL;C5Z >4;GKZ:?9O,OR^F;ITUNFBGE+.ER5H;9"&IA:S=Q7+5Y>]\:-"V*BRH4[LT##\Q MQT^N2\I[35YY5@]EO ZA[\1@&Z2,:&XI@M 5Z_9Y2/;U9/1Q&\(YD%E_!Q4&'R6J3AO7]%8NDE[,/V!CZ7SAF?%%2'A@&+(*C>^&++3G*BH&/T%6( M^A]? $]XE6-P*L;L2* VQ56X)NQ%+"FWR[]!R?5AZY],QH==Y10C@N+<@TJI M:.RHN_?@N@0L-6[I%ZE(WS]:>4PY#\R_@D;#WD%5#!6.4Z,W*PEDSU%+NQ"G M=M^^0 D\X6UFAZ' <_1G2XV-T:,7_6U.J-LMO5JA^;EE?-!MMFPVR25ER6&N MDQWULB[EG$01[6HSL$**YR7G]^/%)JN] VPE1>#<,[C"B1>"]@*Z5TW D*'= M!BMPD6C.W ?F^@GOKC29M/!)).]]\=GZ#JDX ]M*;/<9<=+B[G]W7YI< M#[JO%2=QL2_$UVD_L-FY7K:NF'7LU[H"!7$7P(RG%>U ]"QTS1**%2I%3<[D M)+I!*DM"AG9I.4BR]P^?'X?K)[RH*MO">1F4NE<@N&"-2WTHEUQJ+JJ1R.G* M3R?7@RXJARQ1JH(D*P1O]GQ;NXS7RN!;:+A:/MX)VN9I93L0&CN?T5!*H D, M04%3^CPW60Q-GNN4573_3/]QN'["FTI$(6DMT(:2E46^N:MP6!;?F'U#6ATA MN7UI#WG6%RJR M0=(67,PJ!':D2USH6EH7,K5HE=*P<]@E,-M"XI'YV_IT@-(E=*@=@6(CFZ.V M_5-SA6MN^&.;*VB7BOF]^-OSE(++R>GD@;*G "&;)/K%99K:^@H84T?Q=^#B M,%JW2=RDF&(FR_&#\5)&6[HY"J;526B0P.J\+,E=WDCWIG79LP=E_!',3NV+ MKZ8+ (0[FGUN7QSO,IGD5 3^KS'"+DN+6:"TDMJ$!O0NGOP6CV4TF?\^.K\: MOYI^O5I@YKX?70YG(:MO"]]7O_TKV[[1_.3L^^O:$WVKCVSMIRR^ <&4SE^ M<4X561<[)>60G/7 AD0XK&+9V.HD;C9+;V;M$.;U0S%__1(^FGZ^C?KY9O3/ MR9>K+]N%A-JS^U 2H6[P!1').K[!,AMV(2G> 2LI.M-K?X M[)V-QL)"2$H90M@,0B#,?82T:/R[FEX^E[NDE#.8C"@Q9>F\)0>+NR0)A<$[ M).#H3@G>=89:(NSEJ^8DJSPK"Z: 6YW#&G07^;:$35XHR;88<$_;>XGHWGYR,ZYJ%Q?1TFQ_;C'=K3A>HNSN4KA;BW$PN5"4 M 2VTU4Y4 .=>=E@VSG30HTKN65FV6RM9:E^UYNQ*"LT6SGE6O5YRP=&F@0KY MN$KWK*S<+:5C?7,8V6.R_!PF$$7THHMBX[2[O(?DF*3+\>O)MS$'[I=,\>3C M^7B1^2URBGG]ZP72P>OQZ&+?'=6V]GC4:H/G1)7SIVPZQ+YBI,38IGI**+R= MK^Y)WU%9VY89RCK@%CTD3DQE\@%*Z08D-"C?-C6"L KEP[-V<:.[U7^9S2\G M_[VHQFSO0=[R>>'[F]%_S>;Q?'1Q<4N9_3 YM1GR#ETII0J;$%3 M];'6V.=KFE)S>W4RTT#/Y3,#M$UC"P$O? X MF)) 9'GUNF:];RJH%>Y]5WM]7[G=^);\S[KZ8^P_78[G_SD>S0M_PW[FFV*R M44:ME7 I.[YAJ6/44-TEUYAO HL[,SI ZD-R_*C7C+,*773)&0*FR$8J$_37 M+"MHKQD*4D\OQ5]9:+_],3YG7EF"9WMZ_IRI1,B6G#8R4H@B=@F5T5'%M@\3 MUSNJ[T?M _/]J I4R$-V'/%*S:E5?=-8;LZM"I12:,8% 4"X9R'+P\R.")K] MD+0%4[ 1;>HW/[+9*=HUOIP ]3W8O?]5>3ZVAMC\HI4Y9DX= "6$('I5<04; M5:%%(O'4HIM=S??,*TS%'T#*QNBLB]7.AY5UH?7=JVQ2K;ZWAC"1#\3FHVJ( MX?B1L1QRFF-DH@4L*Y&I]1G MU>R1D\\%E0_%Z*,J"7J7DXSL1\ ED(I27&6A@C/T1GC"/@?A_3'; MLU7 $6D%!D*, I+G1*@W(VQ:9/.BRXX5[A.D=$0^#)>/JB NYJQ3G;.IJZ]+ M3MK)ZS*%;@RPD_>*[O83W%_F3:?]4Y1R'=07:],5%&\4U:!N12ZT??_U\KCU<.3HY!X1-2.>+;;6S3OX\9V:T7+4 M&441UEM9',>S I;-:,@Q?4C-HE@R>OU=Y3F+)(VF'Z_FBT?&-Z/S\Z$*FP@Z M)?8M1%D90S$N"]D94P"0&Z(16J_'/FMAC"_XSQ_^\7T'42@?K.?_J2*\]TI) M27$IBNCX"K58*HCKZ=US%D4>75S6ALT=).$?;3]UNFB$E\5FY"A,@.(9!FTPHG3@2JI@;WZ( UR/TER247R>CSZ/Y MANT+MX7"*9S)6*-0%:T!$,5W-B0A^,:W2&S>*YZU4,Y'G_D#/GVJ1F1U7Y'/+?#P^FYV?OF=!_#':Q=EP1):S MC(2L+9R[L@5QG:)DA:D=0[7&OB036P7"'S"MV*$?+F>;H%9OYP(9R-7-FXA" MI=IU@+(S)J;DX-;%@?)%V1+^H=-99U$6@=F -*1#U%%E[24IJU4N?23"M\K-1E'&MG!F4K\DB[K'$(VV M[' 1*N9^G3N+191.$LDCN&;,3K^D*_+O=1W('?N-;NM#LAJ*"/69SA53MS%" M+X488QN;6F@Z_IZS(%Z/XM67C_/Q+K+0G)EP=NHX>Q->NZ0]QCYY"]A6(Y1\ M\%+$$27QQL>__W5P^-2A4I1(ZQ@LA)#(%]-'Y::HYMGVY;#?K2Y],YJ./B\0 MO+L580,"\9R>U-EQPPI D#C*6&[_9J6(EGP39VE-+ZKDLUBB^;6N=1EV'K(B M@8H"*#3FVME8U[8NG8=UN>T?(O&2?,=B"+Y[^)F>WMC?LFTY\.V4MA3I'.>N MQ+X$M #PL@\T6$*-KKP8T71S[+]/QG\,O=<:)50&'3C YH@B<:C1^9-<++6! MN)0OJAKXCG/6T\G%^'>^+.-=$A,==)WE-]D0U8EDB:'S*3E8U0(EL$MY24Z% M_X)_UNB4\]4XNAC]9<[1UU!R$I(F(Q,9H4SP0AOH"S\Q8,E-R&%>DD 62XPN M=@I 51%(D6)"&XW1IB1'G1R4!VP O27'YR]($A]&T]]&4W_Z7Z.Z.>)U+94. M-,ZS[7#9UJ2DH%71,,.=/'1F^_EBK>=2$K]/SL\Y\G@__CRI:T)V4A$#H4B2 ME+/6/EL.06+_G& ]A/9-CUZ4-67!7([>S*:3D]$NW>X.8@*=A2D>@PB M&L2NMXE-K3 O*6?[,+NZ/'NW6R2&'%DY@BASR 6"RT%W=R755JD-"!#K32_/ M7A+OZU[W72H:X$RTWBZV1NM,WNG4>5B0QK=/;B^I\/?ACBRN^,\7EPO4E ]?Y[7"L=L#-?GDT?(O M[&R5]#K&/B1-6<:FT*.:#MT7)I5WLS_&\YU$4V+6G."#\(EMJZH/MOW+)":3 M6HNZWCSSG"6S>%!9)OTW-J@/ ^4E3O8YQQ?L8ZSP)G1-'C4,";ILFA25+TPL M;T?_&.PFHA",\:1"89O*[B.HOJO#ZKCA!6$=,?79"^'#V>SKA;_\K4Y]\[6I MCV^CZ5"),!J0T4; *$4%%T!,NF]J*#DW)<*7(Y"Z:6Z7AS:;(N?W9#1$]/41 M&CH!)%U,; (/:GK9G[44KDXN9M/7HSP]J:'IZ9 Z>.^1TS@3I2U6UQJ/[<*P M+ -0B]CL7E+M?.B+N;HB$7 X4<(4D)?%PS1-+<"7U0BNQ3#^\FW'9UJ M("L@9HJ@;"'5=283G OJFGA]\G)Y6Q^K1MO/PV9C"QL)&GY$%U4V_GVRV(M9WZ%W,: <77IP27&$P:ZC+A-8@EYFK-52 MLPE.\279C+J:^F)R.GXW^C8YYR\9LAQUZ6(VTB=T,9**QG:O*T6FU-X5LO(E MI2Q_GYQS G>M%4.Z$3F/YVPVL8YHR?JAE>YU@V746@Y0!T2>?QE-IG7-P=OI MBLWS>J7@?_SS8O*_IY/S__,OE_.K\;_\ MC_^U62(?1A4K^?JY[)8XEOC*P&'V#4#4-TSA9[:>KV>C*7_ ]8V[<:]^^_YU MO':W^F]_^^G3Y&0.V:5,ON@@ M'0MW<7TY+ JJ-!W/4CIQAQ*N2_)GEO>-'_!0>\IO'6/R%?BH#II$DY/4Z,SJ M&(%R\RZS!(Q_V&/$#^.O8%_(,7:=>6R?+N<<++X[FYR/3L?G7\\F@_D4AAR\ M-*2SH"# HK2]Z#52\P2D"=V?HM]'](]]F90S%?N_P;^-IJ">PE6_\?&OX\GE ME]%TS6,_]FD%XY1-J7#*6C"+Y )V@\(2E&P! #E8,&M3._L>Q ,R/L_'H=%%)NUDH>'3_%94VHDAI4M'9:26N][!+W6[1 9:;W&9&'_$0=UF3 M!@5T0G8(R==.;0(%EE8KMRREBIMMF4Q^9O8+M4#E& S&P(.0E4D)1? M/F@N%D[GU+Y7 >&SXF]@)T^4OLBZL1,RB60S^F[W+O-'HH7T4%*INY*UP]B[ MJ-_,WS?-_^3[_/EJ-D8%?J;_+>K*8K5I:Q?]6K*'O:J?M?- M/OS1Y:*=W^C%_8 M7-8YVKLBR!*RLH&*Y4"28XPD?L,BU,<*&6K, #YYB !EZ^3.IVYK^]Z-\/&43=;ZP'2SY:W_^]M-UBKRWMLA$-B;RWG'$6]]L70_F6.]MVV_KG+Y=7=],QR&4 M#J@&)\Q1<0U9 &._0YLR-10JK(*ERH+&7ED9QN)F&(..IT/ZBLAJZ0+MIS&&V) M[[S4[ >RZO6J0'N%0(,V^*2RVFE9WPY7BH11'+(&")S&%^GYE]#[P.Q,P[HB M6!M'WHFNHS&R"MJ?8(FY%Z$0Z@J+Y2B4%$+I%FU+YU2+#X*&Z(<0U6'KCI/) M:%B[##NE:)VI&%U+<7D;4N/L08EMYN?AI#5@2*%8,DI8:W-&]O(^Z]P'6ARU M-#>$M%O;VORXC#SA#2&@+)525GCB3+AVD^1^;ZXUJL43%D(^Y9D_\0TAR;94 M92@:?<5[!/#]"F>I.79I*B6X#JW[6.(:\)_HO+?*"0]L%@L83L97]5)O33/U M8#G8T$_(R%->$6V]301.9.4Y;?/9]EYPJ3TQ-H-:+Q&;LJJCD/J@*T1 M(I@H(H!A/XS%D^H 9SE@=:ZTN]F)W*: =3=BWX^9OI/)^?+EOX)S?AZ_FN8I M4S(^K?]^2!G$@\826(8L<$-:&9"6BG$1M.>0:1M(P5Z$'9&C ?WQ28$Q1213 M[5E)G'*J)4<<+T77U/R? 4<#:I:3=#$6"B)[88%C5RI+CBQREM@4@$"!W62G MC\?8'6KK+\OXM-;QZG/6U>5L_OWZ^P]13I<-A[LQ68@<[U)=N[)$T 7@X9& M.7]!C7<8@V/0_XB"&=!QU%*)BL&C?34[TOIN]ID%4SBC:5_FC-T4Y+P\P0Q5 M3XPW!9 38I(J%A=]UT\/+DC?MJS\8C;6Y!Y/+DN8F=/_NCJT:,(:7Z,RSX%N MB>8^U=\^IA-V8Y@W0=A96A,B%'5[4[19 GCD AR>O#8^UM(3"TWI2" M/ XO XKH"B9;(;!CG8HS*OAE);S>4/Z+YA%32KG3!3V EP]="^'KV$_LAKSA"DT(V?N@7M3:>L2>!1^5MJ,V&^4!=P'N3 M*%9'&\22-S R4//H^0OHY\/;@"Y2KK/_01M.[IT4RFJDCK=L'!.?%&>2I, I5Z)**_J32&TR!N1LDXT]* =#\2@'62ZY^HJ;C(*8 M0E=-K0T.0;:#2>ALXV4/9^#5U)^C[_7%8MD>/;\:G[Z>C#[R)S2] MVSME0IP%Y4+2%\1Z4X(DWY^+"KGAZA%$H?6K'$> M^?1*SVJ1[2+#7ZQKHX9GPNJ0KMIH.114J6[0JG5!CAEZ5K/+;:1,MJTG/!BK M;$_'DV_U0_96UXB4([NH['P $YSHM[?6,S2EK4:!6W]JWX&L^[,QI(I9>56[ M_Z,M69<*J+!J]E)6-0&[(;O=FC\,%T,M4Z%N?M08/0:L6QPX0>\M(DIH;(>F MHY]%&G\:S^>L@_S'R?1S&1]@ A5H&V-0?-ECMN#9ZN'J,))J[ (;#C%T63;0 M=01&!K2*@A7HD8J.5O+_LX>**Q^[X;U/6F&&;/G#,#*@6 $H)TZ(0/H*,"M3 M'21.GK>@$7P!O"(J7KST;+]J7I%\[QUOJC'YNCH5[\I'6*$0!#Q)R0 M [V\\BDK:5::?M\^BWUT+\M8%/A41=*P!=Q#='CM6-ZU: MT*)? #DTV(6=-E!-% M<= MG^ZMX)D35L\>K1A9BC '7X0JB?5!K/JTE&I7B[ 1=VK="=TB82_JAA)($XL$;RD&ZT0. MG!V6U50QN\^V"QNU64^\#J=NX(25X0B6M9+#BF#(1>>\[:F3T&+8@F$ON5DC MAZE;!%<''*_-''"K^DQ48JTQ2M^3B#ZVDR!U@&(]1&KIV)_.H6Z1Q1(TMJ]* M)0[<2%+RO1IJ$]O.8%*FR7F.0>?0&XX--LG:JYP<24XO,\G5D8<6"X454JBM M"GDGGG]6O^.EN I5R\/C\96B%0AXMTB,+H$%1= M7K0<.\DB4-0M%C@USY5W">0YB*W_D,4W7__[0X'(=+LZ9Y\^C*9E7BF\.#D" M+LGJR>V!7#6F]W%\Q3;SWD5E,P6V"\XPU< T/I(W9%J=A4; M9BUQ/4<\]IF:EW 5B*S/8)7T256P>T"YDEOQJ:T>-$U&SUEL/^550%]\;6_) MP8M@=-:V6PQ=C[2TB-.28',FL=N9OAM-3G\=[]^&CZZF% [(!.3PW7,LMWRR M3:BT;Y_7) *(S7:X(V$OZH8ZH&S)M:K,V6!4 D(H2_1RI@Y0MR.%0&AQ\]4X MA+JA6HAQ2>F@F!(FBJ]LZH8O$G)8W+X3@[;*;3[DC=3U\Q<]%A_?B_ZWK[Y\ MG<^^;:KAO%I*]6ZB"9)Q7BNE.<4U,93M9R '\U'UA^XG>%NTY(26P%.)VS MO>A]@-@&BKIN<+@=_]>?.DS%-H%%*:W,_)^8L90:;"T-4Q58,:XQ3$#:P%JI M:Q,5"Z"K#>B4*HU/G@:TL")]G\SFBX5W<3X>_^/UZ_A$@'=6HM&<'"/:S)), M[-V]8 =A,=5:6/LVHQPT$E](^);8QY=L/B[>?F+N6&[L^/H5[/Y+==?[*4:P M8)(W[)W0>)UM1NP\%J$*%P:_BW=SSZ;J5IF^B0L.A@R4#=^E:DB+9#"7 NH]@P XW& MKF&W#-/$]^/#Y>SD'V<<5[*8E\-Z^PG/<))5-ZK'3$45D741NA=>M"T*N7-D M80VZ;XBB^U&_3>\JF4I$51MH04 M2+(OZ,!0D#25;4N#CD'=$)235A4HE*]WR'*K?UK]O'#]H_\ZX1!C?G+V_77=O'WKDU9?\VKZE0E;?($<*I9(Y*@5R&(, MY".GB6A["=8]38TR:(X:X$X)[B*IXTKY8*5Z3"G+Q"FA*:RK[.^<"Z:']^8K MQ^%#8SP<<#*\[O".*^4^Z:OC>.FJ+D1\-YY/9G<^ M__YJI;"2#;=,&&WM>N M+1X MIQ.&S/*6X[LA# 1\&&&\&?US\N7J2YA5J&[^KCCZRO]R1YAT?TF\^K7=%2MW^]2Q4R@M.'.FMA=?%].+8841!-S883G[6Y]4-)?1AV MAYZ206JC0HGD3"0H?*BK'LT22\/NL^5S*$2,OCBHX)FE<("H2=G5H%0L[=+' M8_,YFW[^;3S_TF+;KM_5^I67W5?>>E=8%,>[Z9W?9F$T_0>G)XOW\)O_,E1T MCBX+@1K 15(!@DX=L'Y)BK"YP@XEK $MWV3E+A;?C"[9J-6@^OWXZ[(_ZZ+6 MXR?3D\G7T;G_Q!S^YW@T+Y-OXP/$T?_CA_$)B_YT\1,']AH)HXV E.L88TI! M]Q-5A6^YW##]QY<"2-_)^#X,'BBD5]-?62J__3$^_S9^PR(Z&UCU]K"*8XO2 M%$V&F!%3 MSNQJ_I27D*^?\9Q5UQY;_IWW')MVES!S?KC!>AL0=$^A,<]/(;3]52KF$,#( M:!4%32596+;9+&R\R(V)4DS%VKS)XTOGM[/Y^) ;=S2= @B*\YK"OC%(BA)C M2;UAA]Q.D#MYSUNXX/A)9+:_2M6&=9<2V!3 DI1U97BO4B*U&4_=2G%XU' T M^?PQ>TJ-*D&C\#%%S"YZ_FWN\=1+(FP?D*VYIXEB?I] 7OMK4VU/D#9:'2%I M-%+ZU/>X"RSM[*5QFM9?^>XMF^LM=/"T;I%G M:L?26LUL,R4WB7TSFHZ6$QUUW/?]^-MX>G5GS_XA+[95Y?^CPH:O.K)N(9&R M[O]V-IDOOV%)S.GUZK[!C$-(#HR=KD]25F<2NMM#%)+VV"Z$$6(-%WPC^P?( M1S]+^;!JBVAM09-EJ%/O1>I>/MEM&/@P',T\B'S,LY1/*+5C7^L,_!];;-(% M5OI#ONT=7?KQ: M*,U=>PG^NGQ1WG\\7 7CO#<QUD:ZZ6<,=N DJ;W3PO)%XL0T%U"]9#W%1IU?NF2' MIJVM3I+32NDM>@M*D^Y057R=W&E[[^E'$,=C*%JLH-;U,5>K2)RB%E+42U:Q MSOUHDAW"NN(A8RV>GF4ZAI.BL#*8Y 4\38[39D&51D[&>D&$.H$M+:%%2NV(_)*P^I3]MT ML8F:1Q\GG^[F'Q3Z'7;SH^#KG55%DK/($9$AUXLE6>];;$^@ER66@ZZ^<2%X MR;E&JH/W#HNUW=4W"*%]F(/JL.A%<'KV-C M !] -][^,>6TX&SR]=UX?E*1GCZ/P_?;1[K\DL&2I+R%,",="5-<0"I>:YNA MFT^".E![LZ?@1J^FN9NSG METJYN0?_=#SYOZ_'GT?GRY'I557]M[/QF]')>#XY.:O5\^Y3-VT[NRD4(12F MY&N%RKN4T"07>P5PBC9W+CO<4RA+?HXF!G-T,>1:EK=\%:+66*(-)BR?]).R M[";5@XEA-K_\S/^V&/]_.[V>UV>JQET3_*?^BVZK^U(0^&'\5;IM;S*:3D]&[<_[@_@,' 5:H)!%D+!5EEI1!3)UDC-%M[P>V_=Q/ M*9FW)Y8=3W=AN]B]E5= )AL1A=4I'7 M^AB#:UX^U3&E_NOXLH*%OIO/ODU.QZ?A^W].;YVX&[*(J1!G62 M.J*S(LDE[$&=PG.6DZX-JR8EKJUHV)V\8S$UA)==,'@VJ"8B&X[BD^\A/3%0 M:OL4?[$5#P&>F*DAY']5'!H;0JY[*HL.LE]MCTJGT.X-HCK)]X GM6P N9_Z M:0]&+K<86H.TB40K7:Y6/S]/0* :?#U:L0AM#]D!2QM7("5)L82KY6-< T8[* MTS4&]^'*EWPIGHQ*3.EBZ@G<:C\20@OQ1J3AC#>7,O96P;ITHTYQ!0[YHV7"7?< %FHGM&D>P)"6 ]>W M.-N/QB,S.(3UE K[JZQB5$'S04H75_"V.FQ8*V*L:M3Q21D<-80?FV* HS^$^]O &K)=D M9-L 4)>I/R?FMKH$\N3KRC6,01C##(6\PF/W;7<#@7;N^5PZL]VD!,?V/1:C MCEV:[1:D0-\5"KE!Z25OVW20ZYJP2&W9%&.6>$W-;+4H!]N(6M;*@(+"[ MDY#ZDZOK&MK&;T--0>0IF=M>10B"SRM*HX)4Q16^:+U%(5-:R'JEX8C.@(,T MSBW>SFNIL?N#/_E_5Y.+R1+=]N/E1I"L9?0%9?P1S*HX&:XN)M,QDW#] :NJ MZ*OI^6AZ&L;7WZ:G4]F0Q-A%5!&H13$^;32%DWH!GHE>BO;7A3 9R!?X_G5Q_?G8_^>_1$\)IUO:DD*UG:',-*Z&=]S+V@M:J?=M >4Q!M_EMOS2M]B9\N/IX,3F= MC.;?EST4K_A3JA'8.Y$5PD-1BF,6('82; _[QFH.4L@T3*XQ=QB5#\OKXS0E M!= ()4:7;L&2I&+9DI.J*]HCIS K M54MF0RGVX53M\AXX^IG/.7%2YDJ(-?]4%7>H7[:CVDD0,);_>NTQX"8%>Y V M]$RA*2I/%96>*121<^+5EB(56P$[Q[?].)0-/3E3X8Q,LU-2$2UP(*0[Y/PZ M05<:*[,S11U4U H%^[JNMA_*B :5 Q/&&6/6BJD*671@4@*=:#RFXEC7@FME M=S=!]Z)]&PB)B:5DZXL3)LB*2(*=$2JY=M TA7*^A\+"NK\_B/;;2^CBU;R: M 3\]K1=U^8?]C@%3':92&J!.DAN9;;?\.GA' 32,@@N_G>4F%P?+OGK:KGW5;@)0OP]A)#?_GK9/1Y M-!_MJH%"*5?;''+MZ<-22H^[&DN$=BW\#R_ MY_BV>1D]'FVHP#K<@1=#/MR M(7)P1FKLT7U%YDCC9Q#@T$C%W17@R&&9(9&L528XS@E3AR(==4EM!?C'%-[% M=-;IX,(*#N#DU9<363@TCQ*)(R';;5YB]Q&-;QZD?T"1[3OPQ7D ^P?2*,BC M0R%E7$+G&6N-:EPGYQY#;O]=U MS,OWT]UD%DQV&%7T4;%+2#+9'NPVEB!*$YC\@#*K&O;VT^^3D\M934_.Q]]W M#>H] !7G M(J&(49&SLH^$$[GM]=0?0VB+?:T7.S4O91,YKP)5HPQOT(,V>6728CO[^P-* MZ\-H^MMH^OOD_)R5Z_WX\Z(2O5?66ER(.D9GO$AU)B@DTW4I11\2_ S^], ! MZY)9=AJ\3)EU+U%R'H^ M:0BU:-D,=EAJ'MQ^# G^/EF@R=0ZR#ZZ!]%D77'=:TTX:X[O^I>5F""V(^0_ MH.3^/KZXO)B]^+U-*.>^" M$I"*,04\..K#5B]D?)Z5M(<4X+XO4RRG(J&."#E+WDC^0U=.2TJ8LFW%[0\C MP(-?INK6#Y47B]3,0 GYLI"(26-9"_^UT@J_4Q?\XXKLX-? MIFJKH2U$!I%\DIDO*O194OPY7.G^+U,^4Q29"DI.,771$:!O[J!(S_0I]+A" MV^-EJH"5KMB"05'1UBOK91_N6J6?Y\O4<:5U_Y/I7Z:PPI1&;PTH,MD)9\*J$XM2_!GBW<->ICP29&>3T^@A"Z]!]"]3 M-N38=$+_@(([^&6J(N)@"?4=*AJ-,J#J:R4HP#[/Y]"CRVZ_ERG+X4;.25N! M=:P!.)A+JPX&$W^&4&3OEZD(M<+KHL4,G&:A%>FZ)%=^"C4[\&6*_6A2EN./ MD-#G4B"I[F$EU9:L=C>(=F8=ON/'D."!+U.!8]Y LA:",4?BI-Y +T")Y6>( M2 Y\F=*6NYRQ):",2&-_/=I7!;D;8_Y]Y+%/V'K/W\!L#IN*\+LT^<.91YI?#B M9'9_M"C_Z1/?]OIO>;'#9DBG53)64 F8%VHG02JV[M;CO'U< M]SA7\^>YWN-5@-P )UZ7<56WK-G)P>GHK5*N]O:A,6[YGIPH0KHU.#6:CT?_ M\J]P@]2="-K$POOQ5PYWJN)^&'^N\ P[[2BX33DZOCS ]\5E[1TF$E)VE&=I MS,W28/=#-A+?DK*)X ^7L_F&]4KT-^F_SF\ :&[#'OPP'LW9/)XL@3"']A]Y MI8D4D0U16TYM.;KI2D\0O38W * M)]/)EZLO'!LN!)"N]ASAKZ5%OH2Z*'(DHU&"LUE%6- *? RS]=C8?'W)\11I47J<,%0%<+L+]GC_!UZTY M/J0#C^^:PL,8_&-V 'L1L48810JI$UK'H9'OM5-!B\3O<&V;SM[T'<#<;V=C M=H:?+L?S_9B3,NHD9::*69\Y.NAP6NK9>;T!<%%8L >Q=TWAONQ=!Y7[\>9U MQ7LU0%Z+ND?6QFYA7UW.E=MERM(X)==P7/:C[W#.#O()29D@3+$88@WI0&2S M8C"$ME6 A#4'>+F&RL/9/-A%0,H93>"XD(/ &E@%T^FI\^A-$_5+BUKZCMN?LBA+L2QUR^% M#]<3\$$KG53L^27;OC"AK0\K]^+W<%]RZU,.S]V#_0M-PHD![H8RLP=9YT*DLO,LE:4>BNE(3>[VRQ5Z-][,+N3 MIUE;+-!]V.+?WH^_C:?K&<0@SH@+)G=DV_*"NIW#32&')ZNQ(/ M$WED#@<*'++DB#+9R$JJ7:22EY%>W;+ADVU:1S5HZ;8>Y:-S.% G(><2Y^N( MF;2,9"D9T7/(3#=C*>24P*V&]UXC.-B=<5G_HOZETSY+OIY M.X,7CA6T+ O; QU%Z3G,]39">N5V KCLP==1V.G5<;;[(1B*7C@@S$Z\56* M!7)E1PZV1.7"EKE 6??*&'EN03<[CCY/SR7$0*L$Z#G(E,0_!R[HJV5&/4%GX*C21GV:GLB;]W6D[ M&DM;@W>^"?%FS MJ\VOH'>CG5? T(@ZUJ8;OJ0A4E?HU5"70#=QC)1";R"_I>,P6K?)FN.1G !\ M2M9GLI)3"-W3RAZAJ3UIO;@!A]!:H9KGXS.^')P8+KWZ?TPYT#R?_/?X]"^C MR;3N#7L[3>,YAZ&7_#47?CZYJ'NGKN;\ZSO^^]DI7ZNWGWX;_7/_Y35*UEQ! M>;3LY4PI45O*0=05?!Q?;WO .3[UCRV; 0-N:W-%(HHH='T:9.&4I6QB4:'= MCJ9,,2RTU ^\L:_.^/(J!]P?^O7_3OHG&H MX=@9,!Q)2$5*A*"%*Y%388HV*F=UXYS_%/SBJW9"O@^$)6NDI(NTP1N9@4U@ MTA&(I&@Q3)Y MLL/W'_9-@())Q*;>&&+L]Y=[[$,VK;^#)39X,^6/WUGH@;L M*QICR8G@0)8*-.^<6*7]):8F,^&(=&TMTR%$#1@VX;71PJ#Q1BO)3/73B:$M2F 384'$YB!/MGFSTOFG:T@G.#Q:M+@H29S/<5 **T5-L=T7R4$WK#\E[TAW7W8LL_G[\=>K^?_*ST/HNBVV,OD@WUD'@:T*$8,5G+2QDD0FF2$C_W:#R6D:KR+E*#D M,7AX^ZENR3B['"S(XN753/X.%32MC:.&*H++!*!TALJ XJ,V\C! MG33=DX$!/1)8DA;(";1)%&26&)=/FYHR"MLNKI#BCB-X* :&XFY DA&$K]NG MJ7#T#6+%@ G;0'(/I7SR;7(ZGIY>W,<&2<7IO@]H%053%%^!$#O=%TZYM@_4 M&N;K+L%OH.@^M ^E@=Z8I!R!9)H362>-[6@GVC#];8Q#<:?2')GV 751(1/G MK$6+%#GX\Q(\]OV9F-L>(:70XOWEONJ)/LS,&(JA!!OKG$-A,^A-[BUEDF#; M]1YLZND.HF^3UG3V-OXW/9U^O6]SW M?PO@$$SKD ( I52"X3!KN9HLB\"IN MLMJ0O."D".W;3@P)H-=ZB!Z+DP%U,H;C2Y-MA<=0%$4RRO=GHJUO4A'F M=F M-^[/2=^./+YHIY66>@5E_/'&M-*V_N57T_/1]'0GV ;4M24XH.!TFCDOKF3J MFY>1[6Z[6%#2YLMT%RM;V;Y>K7=S*?O>URJYZ&M[>>" ,T"=O>E Y.NULFVU M6TD-=D 9-Y-V%&X&W]U4"B*@HZBA:!<0\DHAJ1W)9V6\*\Y^#&Z& CYO=7V# M\PY +#>'QN;F'T=9!55C6C%+&;*-5IH.WY?,PWKYT4L#Y&CH(.F?G2D^T\VD;G/%#4#N@)#)SQ"1(LW@IB,SWTV)/ M+0F_#85B;VH;P[Q\Y-J_A"5\\DPH1TY1>6URZ4)35NQZ>YM"&R)N#O+NI.F> M# RHB$<*Z%7B:-4*E83D ^@9B*[%SE7&ZKO\WL,P,)0<0 :R6487P=H0ZHM. MKS49VS<8N ?4@;.'MM130R69NQF!*CE!V2'),6I&O[S46= M?#D.:4.[?V5.4M4)!I3(;H1\IY:5-([M-R!G2[4K:?/9R7A\>E%7/\?9^?GX M9#F\O#;]"?KA.J#6FA^G7V#=PJ+5SKJ@VC\[J5_,/9>%R[H_SIZ2)3')U? MKUR^"-_Y#U]G%Z-SSM>NOM;&W/.KT_J>6R?N:YODU?BT:XB;32]N("JR$1Q] M&2W09(: LA3FHDWDO))<$%9A-\CH*.>V\\O9]0'P'81S!%F^/;F\,2+\F+)\ M]_[=;'[Y:78^F0TM;"U"1O)! ,K:9JY*Z;K0I/0ZML4Z25:OURL>7IKZ;_!O MHRFHIY#F&Q__.IYZ+TQP$'VTQR5?HJ3\O/Y[(^S\>AT@8FV&]"H$EHK"%GPK]9)@'Y# M)62$=LNBM([3]\>7:<4; 'P*H<;1U\GE['P7PVPH@Q0V(AGRVG(Q.QZ/:G]U#;+)R#HFU)"I9D%$"I$\2$[E%(31#0$Z;-^S" M$4^@GF89@SV)_5R(\\WDY&SR>33UBZDI$F(0F:XN>5$9)02M-&9/THN8P19E M@VN2#JO7,4#N(=57%Q=751S+1_Q&F/ WE<8G]I?ZRTJ@]2M?32\NYU=5GK>\ M\G],+\8G_*-/Z]<,(;7D9)+#X&T2RD2G=+:=M0-AJ=WP ,LZ[EVSZ>??QO,O]:M9VQ>^:'3^H1[28E3CD DJD;+U(>;"]]Z2,L3Y95>X01.A M:;Y0P@IM8 >>=J#V@5@>JK. P;KFU\J:*^FHL\X]RT'G%AVPWIWU9Y-GQO) MSLUI3.WQ0,RY%A0YQ /H6STBMLC H'"KN3\*RPN0O.;2VH4OE7+HTG90=FS$ M+^>3D\MW9Y-S=H/G7\\FH[6$I))XV9'8(.XMB.CP0!\TD;GN2;_Z>#'^?U>U M*9V=2DO1VK\/&=XH3#&*='U%$\HZ9X+RD+R2LOC2SD<#;3W9A3QV/['2'=G? M;C3=_W 'UD<;'T[&T]%\,KM]7-U?EME\?#*ZN'S8TS8.O+'6)58LRB0?;N63J4%^[F[FC+X,K W[4/- M?47DZL$Y2$;DW\<<>VQ%*$IOP A[1-J'WN\,QYP^.AE-+%ESW&)6<@^Q7<2^ M)4S9A_8CO^,Q#\HC*15]75"D-'4;.Y/T%>&B&;H!6G^MV9FX8[$TH%2)K#"4 MLY8Z""JHD'JE4G5:9-MS_*/S,J!DG"KF$*0,A8V2JGM5<]^Y&[.QV_9&W9^7 M#Z/S158T.:_)W,:D_#8(=0\NOC!Z;Z?7S]$W,'.K?5[#S>V__>VG3Y.37"Z:R'W4=O0O$&:K:\):T=T M^$GBA_'7&^65YWV2NP%/L\/WO5]O- 13O; MF])/D\O7ZRVV.YUXP6158A(Y-[<5H,AV?YM%\6FW54'6O8H^$ M&MLK'Z &SMW^)#XF):EIIST*8T-3L5E*HT/T3D$.UA79M?AR^"M%ZY")5#.D MMB",'&>JI^!NIYMALX14=Q\IHV+T MD0].]MSD:%LD-_8':[!.C\3.GC?#9Y6BXHP=^4=JKUPJHF=,Y!;%[2B,#36_ M:VUK68%30^ULM!DAKFX&M-EYG9%I.XD.HNDQ;H;G*,@$&3FX()VTY!^_G"R, M.AIHI_. ;_Z3<+?3S3 VVRS 2\^A$4&LOK#GAIU_RXW2T)8D'H.=/6^&\1P# M>A?80X1B7939= 9,L_JS>9I=?;S\='7>[YC9_Y5'.P); M0;%4#PWK>"$,U59=);4K[ $I]DWT)LGV MZ9_6!X\>A.JAMY9/1=J+Z1J:Z.4UM8DW")]D*1[TD_;D,F3)PRUO,SI MH%7, NH5_3FV-[$.:Z\%$P]-_S8(/ ZG,16._#G4JPLI=5G.+"SH=ZV/904# MMX;A]]#T;]VH431G !"*T<0W520$V].?A6\>HNK#$:YA$3\"_<7\PH;6FJKWV+)]OP?XTL_6(CB1(E8)_@RI0JF;J%0IT%% MAPUA.-B7;'MNKSM\^RF>34Y&GX>F )+!$&N9+H$J13H.F/MKEB4G8NWPH%/Z M!Y+2KY/1Y]%\-%2Y\=DX@88*4 [2<.2R"E>D:C?=:*GU2W;VY7STF3_@TZ=J MC58W[MWYZ&0\>.VRUHHCZJ(H*BNL2:A2IU'$AJM)9"2XM/T2ZNS9L"]<:1<453%AP)=\%C5A)4BV1@M'G1OJV*B#]@6M_0%@L*ARPW MB%2R-86=?DBA*-!RHPV3!J;:QP;A, MS@3A$;H 0*%IFSH)86U$\F7)YR^L/U-_PE+:X7:A,F38[U?84O(Q9-DU^V,V M)IK&HUFV/R_9H^T!TA,=2:FM*YR+5HEXH3N]R5%N $&#"F_S@D7S[[6F>:/! MY&Z=D<06)F@*AD1)MDX==Q=*YZ!;9#L">,G^_?4H7GWY.!_O(AL;,2(!1C;) MWG$(9'.7I2:L^6CCSY70+SF.?N/CW__Z^MU0[Y"1(/)B!:Q714+U]'TZ&UYP6#2R2 5:)$:0,6:3HQ20ZB&XM# M1N%+]E2+.:JO'"WOX*BRY@O%F;P$7Q H4)!==2PF6["M@9KUUI^7)9L;BT"N M8>VJ*G5?.1D/O3\E A.522*XB"['!+)/+31PD-A(S(G'+7D?5V#O1B>33Y.3 MWR?C/X::.=CB<,J%#BEAL)PN^- Y]E @-95$;26];,G,1Z>3B_'O?,O&NZ1< MV@6RWH&W7H,NY)WNG5CPH-O5@#,R1>UD#SHUM=(OBP9_>V*LXJ+G0+G@&RBDW RURG(G%AI M1!\X>]%NC;!V'=GS98GFPVCZVVCJ3_]K5'&,7M>R](!E#ECW!W-0E),B\MKU M06*6($USOUZX9'Z?G)\OT)T^3^H ]DXZ1(7 )>6R2J"MT4"Z?PQS=0E)HT-& MO^B0D25U.7HSFTY.1HO"X5#-1W&B;I&<0AM+TFZ"%I7(O.8Q>R.;]Y/3S>)=GU 39 MH2E6R5*R!92QRS%RJ:@^>P3+9,FT(XG.R1>M.5?\YPHCP?_\X6O=([6;A\\YRF)"4LE8AT+*V#=T<(Y6 M9+L/@ZQ[T5K4RNG=[(_Q?#=71J8H;RB35G65EJ4^#\LF(K3"LO8EE^<7#V#+ M^D>=49JRX,XF7P=+1#9"(<5V6^LL^#<63&^74I:A+9P1O7 IO1W]8RB%S](& M&1VF[.OJ7Z;"]XF8K,VE+:B(%?22W3R+YV=>KD"JHAMN[R:.J%L E-77A#DDLCT*0: U&WQ MA]CAO63%N3JYF$U?C_+TI$;2IT,*([T%!YRINAP\F*1DDIU\T G=3BI)_:)+ MK3O7?HHK2,'$A*[V_8AL0R\8L-ANP+:27O*CUU(N[R??=G3F@:]5]"%DDIHH M:F] K;K)0#8E>BW O>3:X>^3D\O9_%I[WGX:"J$Y? %7;-!:2>1HNJS\>+&F M1=%FZ=&+OEB3!71U[4/8Q2[GVL/MZDIV"HX*IZ.FJSTG PXW0!QK?,GWZ^_C MB\N+R>GXW>C;Y)R_9"@*%!P&.LA$5,CGPF:Y+QUJRFY#'ZOF:_>2Y3,YYPSU M6G&&FEEMTDX1YUTFUSTH(5G?OQ"R>6Y>P9"=^G',SYW\Q=%\_ITS(O^ECJ'< M&/_G;WGUY>M\]FWQ GJQ49)WVUD?:Y6"BI?HI9>.,ZB.T3K.UI@1-B&$]DY# M$S%$3?6JP-M>NG./^[._+Z>86^Q]"$AR@J5KAD67(46WO?^I:"X)39!'!Y M=^_;3ROQ/48QL!0*G*FSUX) GMB_]P_OF,K&G7_N[E;,GU?BATUX!.-%B'5\ M*J2LC.#0LO2I2_*;YI&WM#W\M,(_;'"DPJ&4H$AH(Q,$Q0FV[ZV[2&T/L@3# M8=Z?PC_*/$K*R5E"(8%3KJ@22[Z/9Q24TU<6.XLXJZL\K_'N,N7@5LY(F M>Z54I#H%U.M_$07:"6Q%]NZT]^<]@;V'9R)Y'T30G#P5#G!B4/U,<3+6MHMF M504T_3/&N>](3J3H(@:;=ZHY8G9.*FAVFK5"WU#TM M)_Y+WX3N2FNZ>[[RIY7W7D-4I(HT1F<=G,:J[U'U_;%6M WZ2HN[VXM^6HGO M-II%IJR)+^DJ@%,BJV5M<19&KVHR M3H=V_!9(W/V<_--*?Y\Y,E(J9!D@B6C)VZ S]1E1M!P_-OT-2MH_)7[\Z30$ M, 54W7G@0X@1E(U]&&.4:AHIE+R[L>VG/8;=9]XT1A&%!V&#XTA=<5_"GYP^?^*O2,* $IRUQL",GUP4QB)]L^ M, F-ZUC]?XK\@'E"HIR5 K( Z(62B+%/4660[>O2G_(^TI2B@[KD(""@55[8 MNEHO])TR3K0O2^!(KZT"^_, ]AY^+#%+]*IP#).)#R!>CZ<;"RV^G!+HZ,\* MV'U&*G410F9I;0Q6F92-I__/WILV1W8DUX)_94S?NR8\?(L8LY%9K,\H>^JF MNBD]T\=J$A0QKUC%KJ75?+]^/("\60!N)BHSD4@@%\K$K@7,O/=XA"\1?HXO M7'MKT<=9G2K^D;;,\T9\4Z)F0I(A^PODHZ*KHDN5"@NS.)<#]O[B6I[(_PQ8 MH.%0O0 EE:;(RWN[ZM.LZ]2*6%@O77F^H.](*^T)BE<',8T 6AQ"]Y-CKYKG M%WC>//LE?]PK6W6@'EH,0JYTDIH#QTF0U'+X%1=ZZQG09VN!'3FPDC-+:X.O M5ZJRX]X6P@4=M<[3R0OJ.W!JE;D,40,%CBU#"25.1/I4!##.:\(?8.OG%/HHP3-:^T%7?6$FYN4"^P M/XU9S5G4ETB6#&+.4#-.-]>E^]QG4Y3 @^KEZOJ)A.U>I5"NS!'8EUZMV,'I MB-=<_5R]!QCT8AY 8NQ0(44R4(19:KKH:X M0M9L5)%/7W;C29_M;5^83!X")*YU3"4;%'[P@X6U:,IW?GZ>Y WVIZ?$QX)H MW8HC;@%_Z&!D+N8%H7@95P&+HPMH?C[7F*P(?'I5=S1@;L']AAZL((ZJF%+H MU+6Y26@$$]99I19=.)]]O@6EFR3?1(=2BE1P777:WM4U\?/I>OX1G;'3 W+' M67P0% FI2XBN4Z"E^''U/;4Y3][I'GA,QP+J;@SLW U%[*XD&0,CDJ\X]Q'1S-Y_KZN =RZ=%@^@2^ M-*J CDMG:>+ Q<)N:M=MS1YTSZ?D1P/IU@3H.J8R2!5RMC9#%U^60Y7M5[CJ ML,JM'_]ZDH!^VH+8C!53TXH!,7>VL(/LI@8)+'/Y0WY$'_L4P=R*KUP;4P(* M4@+ D-ER=>IC U_"3 L0-)Y1[K05#1G D)$Q^M.[V!*A3(T[AFWOJZ#T>S@; M/18LMZ 7VWYM;53L0Q7(V?^+^*D'(4.8UYC.KQ]"?W) ;LP:KM!'SQZGHB%3 MB@*M3'N[D,S'E456=SXX;L,&[K%ZQZ@=+/5IU1%.FIG M";%D^WZ6I:-9X&Q W8:42W4L%-?1,ELD7R6=]$V -'[EB ?#K7 MUBM3\3VG4KO!B8DE3:K*O?%<-1CXC$X[-R?1]@ZU6<1I4&N&[%!Q:LE/J8;9 MN9R&/0@H'@^,6U)CF5CRZ&3P5DZZ;-7X\I33JO8R]YX1SVE5[L!XS0%+%H8* M/ 3?*(M.]T.Q5#<[C\,;PLB9 +H-D=6/JKP-6=0PA.A=@^FLN)/&&5G>#[GL M\ZG,M^:G1JP%1#$V+<6C6G$^";.Q)IS/2G7LS@W.7>BGW?*ETLEGZ071!8E! MI\LWH#D1D@,^O3/IB&#=AE1:6NN]1[8BTP>K+#TD6IYLAC+O)0UX1@=(VW!% M(?41S*DJ"=6J/>!T]$$%_*SC0VD/_7)'!>2F%%!L,?08R)PDQ]B=QSR51:52 MG6MSR1Y41(\&R:V8G0PE%[&'Z!YRKU+;4@R$,\.*L43KIW6?'I0[\C5=DYKJ MD(W+V1*@I-0F*A6)D]EM$+CHS^< Y$DT3*LFH2+F6FICY5RYQ$D",;4YDP3V M020Y%F1WI%=2;BA%7:W%E1PAC[N+V^7:-.(L73H?-#>@3192KS$X2^)#++UK M@C8=T369GR"S[&,YES.B3Z\SD#V93L MV"E45[Q%=0U=.%"C1<;9,NMIT)FAN?;D:KQ:V(#&.I8?$BEGXN@DUN:97PG\#Y)._;<@XMPV3* M'N)@P!FPHSEV.NF@--_AGL[IZ'UK*F'QQ"U3<.1SBM63++6%.H;YT;N%G#.Z M4M^2(>B;-#<*] 8M#(TL"]U3QPSF^>1Z4-G#:*=C 7-+XA]5BS(Q>)88 M7I<)4;(B<[;1D>",HL^6?+[LM1 #Y][%NGJ[]]L=#PPX?TX]^^7'^ZOOM5-S^^';>O5"J.:ZXB M;$5U;F'B-C:V/Y@5U%X5A:[PFQ%G&R'"OC< 7G"&@(;UR,L:$QMN F9NRC M?3F9,0*$@LA]HM6$E,KL4(!X%\;"F1IB&VZC4M%60NN%,*4&[-HD1SB$VN9; M(NPR&N5<#;$;-[(XUUOHM:L%<=LHR6F8#G%KS+/>#-U-&.),C;(;MQ+(ZO-& M%:5F:)V@ZM0ODUK3>;^,[$8$O!AE"W)F\1DT.P@N^QY2*] G9G:2@/,#* =N ME[/E@2%%"*Z5,QR^^^A6Z9;R3@-:Y6F9KDB@CQG'8T%W- MS$%R7LY/$* V'USA$?!BD.)BJ[6N,(<#V$&$^WRM ML15+M002#[4FZ,TR7(34ER/J/+99<"<,NT@BG:DUMF*YMMA;;9;NAD;"V:>: MIMRWU*+S\Q+52)>=L:DMMF#)LN53SILSREXEIP-8@9)+H, M./7X6U8%,BLW/(5+"K5GEB_F&+GW(1;CM1'$-)V-=!\RS@^L N]R$WFN-MB1 M)0PME<;-JVA!TL!-IR[9((EG3LILPI?SW$VML@W-N%$/3I"X^&S6B/SUIIZ" MGQ^L@_.["*ZSE,NV,6E-A09U=)<*-TOF_0]IUD,X3'K\&*?31FE&_.< MJUAJ*T*:7$_12DVB!;29_>P 2X](X?A MZH=$BI2KZY9?M5ABW>J7+"C-R40LR3!U.= M)[P>52\N; NC;* 8D)0;:U1# !_$JTC2SCR)](MQTYU.:]56Q,%VZ>;;C^F\BF< UEC:: MJ:19*>AZQFD>1G96#A]LLRBIDEO4&84JS&?_J,*% M+_MO3#X?'"*A-DD=#R2B^81',+D99T(D\. MYQ.H/<(.K(G3!;UN)211U+78"V./A5-,N94I;]3HYED\@L0==%9.&.ZMQEAG M"WRY16S2)#O+UZ?IZM6CSCO#U._0\7VZ6&^A!M$HA]H=,)NOUI"2A*F'0A+D M%8)^(#LTMYPPUKL)/ACH/?<@O<56BVB*\+4.3?!4U=[3Q7LW+8>0 K7>J2$& MJN90:)IQ5($TS3@D%[B?I-(P1F:7CA%+$,G0"R('6OO1&&9JB[9?3,3JNAX@ES@0*A4W;>5;^DRK=B<7 NX &TP^WFZ6*]F2"!NE*T MN1 Y%8$TU$NG>S*,,%_2EH?K)>E[NN1 X89NJ&&R;Y*(!"9!LV[!LJQ0T"*] M)'^[B0J4R!)Q:&0-=E5)B6E:XSX#SB;+*8EPI+,=$:YW?L5MQOWYEURD!OR?COKG)$ M'P L]0ZN6@T_:<:TC&FNQNX#7(P[C+R[G3!WIJ3'R!R!H&8!^VX1RH3 MY!5;FT\BNR#]9+X]A8#"HV24EE)L#$M!="*564/Y!?+=F/0B/M606!A[&QIW MM;KE(3?/+W# [<3?/F&\M^'*EU#(L:49B,XUETIRDPI1[77>:Q(\7%*2'=GP M59OSFDJS"%D@AQ"6G-*4*\Q.3BXH[\1TE^)SL$R[,5-S,=3JIY2OVF_F:]IY M]MO/CCUAN'=DLR?S&8D(#/-UAPOE9 ;\Y8YVR^6;1 M7&S1MUJP]*6F>S'+S)I\B'8@YIXN]CN2TCE4#JF !%>2(2TU+OAM+7BM.6^!U#B;!&2&UL& M+GXY-SSX2YGY9,IX!)>LII%>D=ASUO+U#-;UN;HW H2+_]B=%5ZQ_4U M)\Q2RD1'#MK*+ 6'*/'2F;D#[WLT\#34[ J5"K%;-C*UJHVY&2O&Q[D="'RG M#O3FS&Y?BDA6Y6#%922A5*>.>LE]KB0%I'JIY)]"WB[H?;-%GEE=:]6;,UG$ MQF+0EMD-I;+?83C&*0.^%3V;\DE#C)K\6ETMEJ5,Y4XM9.? M^6_17>82/S_Y_.>B%GEB4MM/.;SO.<+ M$Z,3=&2?(2ETP["!;85JD4-YXA'R<<"X!8_9.6HAU!A:TQAC=C+-TVO>USKK+XI$YP#A%O1D MSK;R"&E,2RT%@D>>*!&E^327:_+NJ6WZQP'A;JSCAI@QY5B\%4E:JA18-N-7 MF3>\@7LRZ^$HX-R-5-R\TYS4!RWL>TZ,.B7D 5+9*X?[*&';40I;> MP,=X8;!XW0T_-[0T['_]I!1,5.9S*T\? MS*VYO0'&/&)RO@5QP*$.!:Y%_S6"S,?J"<7PQ"N7HX'RTQ:S: ,:=QAV@SCI5[;F4D*+$EFM5 MG+KX>RIE1@T*XS3G]!'RNF7-,DX*\!>DV6X/>1?=4T8BC M0' ;IBL.5A026\8878)DSFZZQAQ1>,50:'AJO_U18+@9@]7"A;,H@CE9,A,E MRY"G7JCE:YI? I\^;#M24ETE% Z!4O( *:40TW0%5NI;Q'1^RF_-#27R(L58@IEBA"I!Y [T#FA6OKM?50F*UAB"GVIF ^M\?Q:FETXAZO" M;=B:61P%*UIJHS8R1[<\<"1[KA7Z'4#ZQ)[#H\!P:Q*F),",/35N'9SXB),J MD.^RQH:W@J<>=8 -V&05D@ MUQR*=&A5LX3@^I*3P&T^R-[?'O*,P\L8H>)[1MK*;/S M;W5X#C%[*[ZC2Y9 LG@BS[:5@Z]+FV1;;T6F-", MW;;\V1U/;D82+!Q[SY%+3=U*[-;\U(_?U(7YE"*\;<<_!_1VFRDK)2M5#C7$ MT41:\]0MU3$G-Q>;%N"SV-4;4ON*Q$' ]L+.X -,KBVV<6F.VNRB4(3/X8IF M6\:>D \(Q3-6"]?%?.(RB8R!W/SB_R9,I MO?N9;A&(.XOCQZT9=D-1)&FU?*8Y6V4=)BGGJB-)G'?6!SZ'$+J2 ]+-K)/%>L0.\\M7BNX< M LR61+>,J8W!) ,..RW304SJ5%0S\FV:4,X!Q._Z:@5>\RU9>0^P-70]U M8G&A!#=O8X[ZU'F,N\#X/Z]_OOKW3U<_]0\?[_XQW$>SWJ+YGS_4): 3/M^_ MLZS%/K_][0Q?L37@6NM(07N[I_^^7O]S^U 7(?! MZ6!Y_7XEEG)#%*ZBDE0#A=QR6V#9T=RI8DEZ<)&G$ M@L[VNJ/LP[0D>R)_RDMR%QC7K$8W**^MIZ@ ?ASYU(#3:G11XZFNQNEG)_JQ M_=CTR[TL3[!2,7DL/C2AV#SYIM/R+-S4<"5W 7:7!>LCU<1.B"J@2WA;B8\% M*UWW[[Y[_^.'7Z]^>/N/_/;3]9;3NK5T9G:)DCDNK2F$4*;; M%%LR@=:_>S_X^.'3Y]&H\OM]'(KE[Y\NC\R*,WT)A3%P-]X!V\5[\4".]E MGAPZ"5'6*KCM^]'EL06376[JN$8):@6KO6A=/CK,>SRB=R-7.]"3/[;4NT.' MT3+Q(<,$9-GB-+RN1(&Y7G6T!<.X+B=_AB=_8:6$%C'%E')-5BR/S*5.'/\Q MJ*'.VAN]V#_KNDU>-SQU*_$#'XJM]M;)%4Z2A4JH4U>WKS1GK%G))X=R,R\G M9Q!4J7$>W $K';! SU.%:RFPS/PO6X@\3E2V4"@(&@'(64C25+'G;#75-)2J M-C>[Y( 14-<=G[QR5'83'9 JMI]2$G#1#5'[MA3V"85T=FQL ?M(-]-N,@*6 M7FEMTGMNS?:7:^YK6I.UK! *]!$/E1F\!H& B*#,5ANV4C.EA#K)J%@NF&06 MI]!'I2-=04_@_'?2Q%R*2^:3-"6';1*<=('"S!,1A[74UE>.TM9D?N$>0QZB M'+5[VVU6^$Q+R'(?GET5"+O(QYGJ;$O/-U \^!@((A8T3+J?;NDM74ZSKA'S MV'[=K=ZK1V8KQGW)R2H(K:_'*P+_KYU2D1PG$FP+OR MS+O#RBWEIA2=2XS$<"^I]XE:6%,U75G85NGGB-,81MBM7,UI1&]L_GE M7K)E?I.L3,(V%[)&C[)6$.5UP[+]P%I'8S:<9<$MU"8*VB;B?DQU/DG(JJNU M+><3Q:1T-XO@ZL*Q^INM M>,?$57)S/CIN5D"%DM/RIFX%@0X8]#@+JBVIQ(4RE1[LNH:6T:G++7FT?\<\S8Y%U^;4X+B]==#WDP32/.M6;P9":C^&0 ML>:.%* -R+E5O6BW*C/WB-'Y8H%\NDSP4&>NAUR,1^J3=^7;YG$QIRZR-__, MS'5Y$S4Z<61V+.I5XI$BM"&#UF6B,*Y9&B+[HC(:>A>+9K1)S!:-5W>DB&Q) MBNU4.TMQ$"NRY7Q!EL@X[^<] 2&ZM:H@KQN9C4]L$F5''M4>H$2B,4YK2FYB M=6$6D0<2C/;0 W:POB07%4IR MP7(\2.,PIL+H19K.A0.O&%E/&->J'+QV;+:CEY9F:(ACTD3F>;5-JI45?9\/ M-@>D8^V,V)(QJI;"8(-0Q8/G5J+',C56\XK!-U:5PY$V &Q) DW@QNCU5E)J MK26AFJ8!2[%+F65Y8-M)GGX@\=W[OYL%[]P'_;[F9;=K_4\U)*H4,]?28Y:* MMZ/T:L=DU?+\;<(XLESG.#=^R+V_XV,D ?;=0@-'R4,P)V.4K^]8:5['V<<% M=.O.'/?_CI\'U7=+Q@:9(5RCV#L#APSM5HS*7BE2YA77HH\Q-M8]TU/?X#&C MQ- ICJ-=!NQ:2H1;R;?Q!L+SL_+'F1M/?8,_7FUI ((>!Z5>Z68X2PUZ>Z]8 MO:3[V2(<^W-JQ MSAL\^\W6&"<+O_]@->(G>P;;'NT?OUV]_W3UJ7_\\.N=/_[TOZX__W+W/YG3 M!OF&-OB(^IVJ2!FC58L6J<;]^]AHQS\9IP MNR.?Z=U_>_O[#17U3S_7J[_>WZ&WBQCZU5]![S!:/UV_O[)LX,>_?;G^='-B MN4N/HL\U4ZG! .O1U3$A0&[]*C2M<79=_G;]^>V[OUS]^.7C]>A6V7KCN@X4*A07DNU3*U5Z7LA 6-WB=3[- MP(\.EH?+=_,'W-^+?6-3!JM)@Z]8,#CS2](YY<6+,4">L_ (-<2':_,E7NP; M.RZF@%#'Y'2LU'K*HWGF]L5L$?H5NF40=79(ONN+??K\T4KA*_NQ3[_<_/2G M7P9E_.]OWXU/>Q(C%@H%"C'='#^Y&GL5GD(DYKFN'<7(#^VUU>/M]38;5 MGC28HR0K<(?XN,JMR7**H<"?=C!#ZA#?[_-:+UE%M:M(.=F"6^$Q.;,H[FYI9EPWJ+S![+D8,86_]8S/?4-'LW%L-MS2F;5 M5G4'UXIG> -UC&J?33__?E-M_[U#]\_./5?]L'?/CR M_K-]EB6 [^V7/]YJ,-S36_CZ0W\9Q)6W'W_Z].^__61?.@0!7'R@US#V_W?O M;9E]N5'&>804-);?>E[T\@,7FDKIM]_>7?]X4YU]?_7Q^L-/Y?;5K_]^U7[^ M^>K'SS?A_6OL73[/M?WMQRM[LWSU^;^OKM[_^>KO5^^_7/V/+]<_O;4__>[] M[7^>KW[^\/'F(.)G>X8?/OQV_:,X>2A&L3K+^)1_O_LW][Z_?/CXVX>/]G?_ M\N'Z_>?_L#?\\DW23ZB!,%DPK:V&V$FS2U9PX1#8[JRS6UX:C14/,X'M%M8- M)MO'?<)27>@)6VB9DL6(1=RWO(W\7*\"? A#Z.W^H]Y^^68/)/\&__;( ]W( M?EB!3-+S^,>>A[H5RU52ZJ,-T6/R"VH;I!0[ MS@\P.$;W\)ARN^?!QY['ZU"2:Q;VG&Q+IXG%)G+E7HKW&=!9+OGH<>> MIQ.[E@ LX8\Y%C%'&A;/D\'/6X2\^J?:Z_&TJ/O(M;'8OV+7"HOI,V-!]PYS MPK@C\/HP?]CF@?3Q!2U6"2O641;WGNP9B-,$D%2NC;O<\CR[H)JE# MK*F'$M,(U-!D6M"IS=,K>Q[R#Q/][9[GT07-F'5HSEDNQ%79' RW:4$GR/-. M!G.6LWQON^=Y=$'[7 AB!\ZU">7!N(N+Y['LH,Y\MSF@N=+@EL_SV(+.X\C? M><\YIY)[\$7*M*!CGS=56>XB,X+__'G^TLI??OSEZJ=J(RZBJP%"\<1M]A2VT:F]R\^9'9H3"!Q@>]S2<"VS:2 M,QXR0//A6(E3(ZLY&:^KNJ:"GB!F6PC2& +%=>2;^[I,V@RZQ?9D7V6% MN+3H ];ZB6"VFUQ-4;3TN$*1X#R;XZ+6IZD/L919OAB<%1PG"-]N8C:N&'J6 MET B[QT5SVXI=&?9_^R*P8/<-"&=/'R;2=V U7%6[I:1:++]FVI=MD!VW^:Y MN%5.#PY\3@2^)PCA1,M DY5[(80D%(:R^4*WHZ88=5Y 8)"37();R^14SJPD M C)$*](X4)CT&F)I\TD9H_*B4XP=VXKH%(C1*D3TK3JB6K MB260T<]'+T%X MP,XZ&=RVDMC1;!7^.(#PS;E"5EGDY8(CWV>5F 5;/$78HFQQ\YT<=,M-/%>O5J:VDLI$1W$QIMEE$#A2.47/ MMK%V3Q]K!EJ 5%S*OI3JW'*&;J>Y4#0 T2F&T6V4?8*4)D&2L_\M%6N7L%QF MX]1P7J]B.,4:?S/='T[:5&"THUAE'[.J3J4J(<4Y'9/A)*/FKJI SA%*IV0) MACFV"LV*A46U,!IDYED'HPLGB-\VFD%8,V7GFC ["Z&A>YEX>-U*_SECG!]2 M04X#LZ 0Z020WUQNJM1LNR*FUX"ER MCDM-'8NS,.MATQCI%/W=UF)$X+UV:2TY8N+BI'\5V5;!%:UD*'J*NW87J2)( MN0XIT^*ZJXXK.UQ&66:_0N;?G>2)W!9"1MGJTA"4*@0!\BVH+([AJHTM=/ [2M98Z*H(*HE>_0G%K1P&&2'@FEE@UDCDX)N%U$D$K2-(CM??0W M4>Q0EVS5(8\YBQ( @?442]4M)9* ;,$U*K' :$8H!N'$9,52Y_(!2.C]*19? MVP@H-=NKT3A$.1+7FII M1@[S*U8')]D]LIWX4@TA1,TY5@))+.,.?UEYL<[OMH(\['L[$=AVE&:2T0V' M$E).M1?L[.)2[M9CG.O1 X>3S.2>)-QD.S7$D*EJ"<52MN14OHYB6]&'0WB* M^$@9%4G#J?TKOD^EX7UJ'2*1TZ;B3X1<0U]",(.W\=.6G73 M6M/NYZV:.EK"3A.NG22AJ(R[FJP!JT76"A6FN2TM@]!\NIAC;(=.\L]7P.LD[FVWEI'+38-%5,W6K(;S5$#R%UN!*GD\@ M$()33$TV/I$K0EJ)73(45-5R.YCB &?VLR*55.ET =M*Y% EMC/"=;J0;]]E]ESFV<(H1=$N)J^QN^J5CXXK4HN4A:8*M M];J"I64UK3M)W+83P"+(I>N@.-22AH!,FA*VFGJM\RLN5=X7;$,)8+S:7U> M\AA17'(1E)PA^>Z+JX-:/=&L)?1Y1>@"TX/A*'>^?.-G>G1V=4+UOH1QP6^/ MYS2Y/#'QD\QIK^0QN ?CQ'9\IN7B&8(+GQ>""S_\_MO5/=;QG4_YEN,NV<4> MI8W<%-!6P6UN57NSXCO.+E.V>95?WGZ\RF\_7?TT&B:NWG]:(0"V <>X$[=1 MXUN5UK0..ENYI626YGRE^0U9>,A87?T@NSSJ-]BCI7>28JMT#(.J8%E$P>E1 M!>8%$:(/X9D>]1N\0+3DT(RL]@3L4*'&0-.C8DJS;85.'^B1[OJHZ>/'464. M7Y%___HCW]]*B:3_?OOQIYM__8OWI1J)AJ!PM6O$_7O]X]:>A?&!?5W+QQ]_L:^]"]_7A?7='_O=)-KCD"JM-6#II2E*N57F!/&AWYL7 M]_[+S4?]LWL#O =\-\!A+W@/Q93/OW]5N?ATTZ[S@RVS/]T$ZJ&N\?/5M47R M[][?VGF=T_LJLC$^=^G&;QH;%X(ZW[T?=[M6PFR$?6F#(YY+DU:%4Z!%&NYJ MA,9WO?FG\6J?#/L] +\](,=CAYOU_^^&VHKCQ/O@(U 9K;@:N1$-?[J8,>HZ M,$M9 ;X/+E[P7XO_TCDM//AXBAM3?/^7?_^V.5+R2#%3R-7YY)LNBGD "N6> MM,32',3AO,TAS^*64"S3R98+#45ORC 4-A9NR=R4[Q>WM+4=-G=+8WXM9XL+ M8KXI>W34)[=D>2I>P-\._"?YI)BR=*$:-=4>)$>I?N&31/3>R.6++5:EJ7MR M2*5C A]+3 4]@A L9)"& *M+=+'#UG;8W"&-'-4^TG4IH92JM:1;S2?7>KX_ M+GD9F"7NHT X5?R?Y)/,! 8[0"_"ZJNS#5 6/HFI*9SG7OAB+_J_KJ[_ZQ=[ M@/3WJX]O_^MJ]'-_'D7D.-U?H=_Y]++NSD1Q4BL@+%('2V$]9T]3'5<#]P=G M7@;/S@MMZ5/NFO(QHF8LV.TM"BTJK3HX+3?)JAQ MG2&9W\C%D#L8JK\L6&![;AIDXTQ.ANU,%2M12^ MM^![FFKE$JCY&,5L%J,2D2,-%7'C1[R8BX[\/VG MF^_]M/(D8S$]YU_>OH?=_.3ZZ^HT/OI__O#=]S=V_8M]]]4G^/8QH(1BOM0I M6XXNB#(C$W'^40ML-OV1L]Z>^ M;F\K,6MGJ!*R-I=:)7?;2Q. 7?"KNLS$0N>Y;L^7M.8&WI:Y]V:I;*A>2@Y# MX/DV%0J.J915S3D^:J S-J=Y6WR]WG;,*W?VH'$,;1MC0[F$R:#1A57)$.!0 MZCY;@_I_^?)ZO6U@;5I]RT%]@"PBO4[F1%S9N0CL+\9\EQ_!C8A'N+C"$*HNN.^=H=9E]6?Y/[SUM M3J$K18;D+3U+(0:=4G(U_?/M")3GTDJ2AF7[.$K H)% 9W^V*&I\=C2WYJ:5;I<;6Z MW3GVNCCV=CY3>S%FSO'BOE$\KA4[>^D95"P>Y%HT3_$X05X%>V!QER6_]WA, MR!*H!0ZE2*,> DWQ6"FT50=7'EPX"%_V:"WQA'CL(>:>6;E%#;U'$;\8M.X3 M2'LQVN9KM,4SD02M'H@EZ9A"P^:FR)*CJ8,]A+:J5F GT9WCQ=D6W9.;Q6/# M.P7M0#Z,H[IBWJ@OXC&PRZO.ZB[+_^GQ.!BZHYLJ,NI0Z-=0_-2WZI!6M>8$ M"?X<.W.>F989@:P2R-G[YJQ EIBT3?%8?%DE7Q',9!=#/$\XQEZ35#'W,[H+ MM::TN-<;X3C#JHUQ)K;8KEG[Y5N [W9W2XN)I#M-L6&TVL-5G+I(G9?UE%%\ M0R]0@[S*#N]7;?\5?<3W*,-8O6B$U%.H%"W?R(M=S8UCSFMI&O(&7R#FG8[] M7[ 7^:[]H_I$L9;BFQ?4D NMH=0UV[_P]%&3])^[^Z?N9[A)](@E6;8)<4 M>VI9IR71?'PX7>[.DG!OY 6ZLBY+XGDZ1^XNB0X8R M*%Y=<_;=)8$A@V>"'J%Y1NC(-+4UY1[65A/JWH07Z#*[+(GG#QU:-(S.[N@U M"HVD(N&T)*JO:=V2(-V/)/+9+HG7UB5^=U'XA)J(N@J,N=E1^D)A9?2(9UJK MZF!5YV'$ 4YT4;RR3O-[*:9WS)IIW/*5PK5[PFE)0-.U50>'-W@YB#K&)?'- MT($,R87<&+J+4(+&Q=G$:)*V/U^W)#"^D1>X@CR=);&_KO=[BC ]4:W>K.EC M*M$Y7 @6F#ECHK7F!/?&78K(7\ZZM,A:0ZNN9QW"6M2F1KT0VUIG MK?3F)9KUSL:4C[87W$O JN7EXAM5K:RN )8Z-=]+=^OD50\FZG/.]MM 7(LT MNN)R\[UX=$4@3ONONU2:/G)JSWBQW[/8;\M>AWN)CN6[N5DIA&3N,T1P+!,3 MP-/#J5EWW&FX7,(\MSFWZIBX)_\*/KK8JP7*D,R8RK*8J67ISWU^T\7%[LVF MSR'DRRCJU6-EY(R,%98SI2(/"YX@(K4Q1QO M\*'0PVFJ%Q>['YL^A^)V#%9<=BM"M&7$W+N#:3)42>C7YJW,;_!26SZ?*3?. M=J!@LE(R0B*0X&N&.@DK>,9XV8HO:+\-LIT4K&)LG6,I$EP7,^%"H*&U'-)C M';ETN?5X'OL](=NAXBSA4;*BHS7$4(*;AK!J[W6]#GYX$R_N]'G-N7.VTZ"Z M1,W<+$E426;3Z6Q'*:P?M'76+O:/'][__>J3/<W[?9=V8S^K<=>QW7 MDY:2=Q&M2/20./E:<_\Z=]=S7J7I07*@48L/\#@*(VS!7R6+596JDQ*Y1QV$ M ISXJS')*KY8A'"0!O*C17[#Z:(EI]82ABZ@E9I58A.#%156Z>,"$>I!&C"/ M#?HG,5@=!04+%IQUX_Q$@C(&ZF:H4S:GT M7,T64P3(Q:_4,! \3.OI,1IABPA@]4H/3;7&TKR5HUD1IF/WWM/*"24"!SFQ M/5KD-XH 4$*P-*?$U N*SRDME,PL H1\;VC:$GCT[C""]\<&_9,B0*5.KO8H MF9S9)%@!'Y;C[E-_,4VYUVD$V;_[AQ0JYN1)"U9* C4M"P!P(:\P 'K/AVFK M.$8K;*/P6E.0X%K#Y-%9*> D3P>1HO!B DY'"_MF J_-$G^E' OXQ%6Q5#?U MAA5,*V5%*9 _B([9L4'_).>/F(-RTZ&MH!W-W7LW.7].LLKW<* SSCQU__Z_ M8P8R5!,ZJ984!0<-@-^C"]?=,NDLE)$%QB0+WYGW_Y?<\@2 M>DG8H%#UEO7$Y=5/YI6'SX[/X!ANR_NJSC!\8T_K'L[ M#YMMT,V0'6KCH,Z*ZL*YN8!AJD8L!5C;.VTFBX?UA"=MLB5,'9>CK1IQ3?^XD?W:KTM2+882\H2 M*8L*9 ]]4O!VP;NUM#[Q;PXSW^',;+9!NA)ZU H=.#4J7I//N4\W9X*RGHE) M;_BP!Z@G;;(GI"NN^5Z[9$=Y-+_DZF$Z= T%^XO3+L_+@#MG*]X/0<'N646] MA,:.RL2>S537"A0POX&#M,V>DAWW'WT M< 4N;G2OUMLX6VD]5 DQ-2RM#/W&T&C*5M@RSXOC/*C)-DA6>J)&4&HO6'V0 MF@+VZ6Q%I*Y7X0D'4@$Y#Y,](5F!P Y=Y^:@E#&->*A_3.U!N%XC(L ;NM3D M>[?@SME*23YBHN1R;E4ZQ$#3;)08N:TM&QC?A,L9V99VW$N7P+U4H8I6Q')ZV_T+%NYU V; MVW%Q1%:O?M3G,N6@5-9RD-XY%*/+ETLNY@R/)-97/P) M4$MR*09^D?(09(QJ:8246*OJ94RV0DM1UU%4&&. M>)#[]/N0O+@9]BHE_H"P4E,A+P2A0D=*ZG.9+@NP5[>J318H'$;:[RC-L$6/ M/OBLH3:FY$(JQ059C+L>0N MK%)I4-:#G#T>+_2;#1J'T5S@D_-!QDE32["4 M:6"Y=]\R(1]&&\D%^KWSM%+CX))PCE;_(&GS?>K3MTBPBJ"" LXW&3]-'?JA4XA292Q A5R [TB55 MRV=<%08.)=5PO-!O% :Z)O;#E)[OT9+[$M\]@%]T547LM/LI%!/L5.; MJH%4I:TB34/TX3#2ET=IAFTTVS!1EFJNW7(A=HZ\XRD,5(ZKM ,.TG+KF._4BK/J@=WD*.BHX/^23&@"=460LM1\VU[#&B6 *%8N2$U]FR:- M9Y<>4I=LT, F56/S M,0O$U+G5[!?^%"P$AO6S&-2_@-3&2]&?66C-ETLH4#F(%IC[XC>+SL?6]*UHDX2#S0;[DQ- MN7&^XR2ZWKF,Z4DY1RXU3><[SGZ_=B\>BH5XSO;;9-0FDHHHQ;';M$GU6J=T M)^:P7D"!W[Q$]]]9V.\)Z4[QW8OE.U* "F\,AQ.;PYS-"M,S;G M[L<[XF+ 3-GJ$L\^DL8V'>\T]OQ(NG.8,8XO8=3EIZ5/G[[\>OL<[1^_7?UH MWURO_W[]T]7[G_YLWSICTNB_^7]]^SNZ1YSG'S^\_]N7M^^N?[Z^NKU;7+SG MW$QT5T,ADV\N!=_4.ZD->[X]N@F.:X:[D?#]C>3X31"DO:0QFZ+Q$FEC)E2R"5[#@QUDA[A[C/XU<#C7AS>D0"_8;ZW MTCG=_+ ]B.WMCS]\&%9\W!P97,O)6=QA BTCLX@3(3*N M 7HKZ*TZ1N>*!?X6Q2\;47RMY[$?_N/#._N8=Q:X5D8!OJ&_[H%.>1?XU)@J M226GK:3L0?WB7()33*VL!!XD[./<=W,L7AIZ>0[HJT3L1,D,D$AR33)U]H@K M]JTKH?<.SPMZ?0[H>QMRP=5[QC'I !/1[:H/P"[<.S&_"[WN(S4])NC]OWS9 M-_09R5QZ$M ;V2Y->2%8:2FGKQI70P^TCY.7HX+^>3)^\#UGRW4D&/!^:$^" M3/ W:JLS'73PW('V]<#_C%D_I=&@WKE%Z#VX$D/U4R]GI'ODX3MKG_>B+G%$ MX!\R\U<+N]AB+#7U$J- G XJV )S6)UX6MS8QT'BJ9CDR=D_=Y=[R92[UA9R ME^0GID B+G#B^^+/UY_^=_]X=?6=@?[QZM/GPV7_,'J50PC@4RK=^]25EV57 MC*OS(.?V,I9K4R1>%O9GR?QMK2=T0V*VBE:A6'@Z_:F6'JTNNASL15#Q.&!_ MEJS?5GFD/&3TR,K>JN06OMYR'_#WJ,)W8=^+Y-JQP/X,&;_D7#54RIA]3YTL MUPE3L563KEOM>^D-/!K8GR?;9Q^XUQH[:!)5<]S0IQ6O1*N/&)QW^YCF\/JA M?\9,GV,*YLZC4_6E<93.BQ8#(?+KSO?!/U>5^PJ!/V26SZT&).)H^0VR"$OS MTU&;T[[&!2&L?9C?0 M[1]7'W^\MA\_!-7B/C_>5Y3H4DNMDV7\##R=-/L$@58I%:!0SYE(8H>,4;&TZE6R@;WL^H2R2B8("/ZCSMH"E9>WPIXG\=VW0F8,DI-W.>52N\,2E]-M M/*[4""50W8M6_%%98<\3AAXX(M8\^%05JKH*OI1E!(BNEU7"6+9Q8"_"6$=E MA3U/3GC@D5+UK?4*,;*#D"7+Q+Z( "L]DD>FL_)(SS3WX+XABJ_=6SC&HH!6 M%->I[*RWZ54[):=A+H]7Q&6*O4PL>"/9Y2TASDYZ"64,SU^652VZ(<(D. MSS9SX(&2* HT(B[=!R0ES#!UOK6L:95X'_DAK'6,AKCYJ#_]?/.WG]*7S[]\ M^'C]?Q[6!P^CP3AA_N/;7[\>#-5KP_GSAX^?)K;!0'\3E4I+1'UQU4DK.?9D M]5B9O$\<9Q*K)@;7=57&S^<$[&)_W;DS\<[A-Q4F,VBP=5D36_J2[)?931-)E,.J]0HQ M>":_%^]P0&#__O;ZW=N_OKOJ'S[>D"\.Y1$X=HEA#"WW/B8!2P^G]H_,RBL1 MEJB\CX/A;T#P"F'>V3\4# @E]ER=9\<>H"Z#G%7^JT2::>-Q_XZ8DC)S:ZT;N/K[;N M2@BN48H%2G$%%BFSDN>5&M?[B&\KW_J0>&YT2+X#GMY*$.'"7E7!9T!=Z 99 M;,O1K7(*)X'G1F??.^#9HKE3$D(+9IH3HX,RK<\48.51$^\G!SLPIL^E9K81 MZ/=F4#LT7UL8S"'DH+'#=+JGMK!I+ MHJ7-PFV1;Z@@ZUK)P(M=]N^D[LW_-E??>XHQ:C%QH+(25I8]NHB7AO7;UV&[9-R"S8G9C.,86 6)8IZ<0&->Y0203P76 MS:]5=O$#/5 $W\A5V_9LF:##:28MYY7#"$_'O7Y%-CY#X"*/5G.C-":74HBE M3O,/2C0W<=(>=O,;J!V0S:F@ZP9BDB"]FC_0Z>RS L35L>LHO<&##&_JP_K^ MX_6/5\^6?]W->ZN/K0EJS\ZABY+C=#2GY-IZB62.;W@?/6G;0?(JK+"G=.V> MTAA2K)!2@BY8Q;M"/%6% @W66B&\V4LG^!%:84_9W7WE=ZVN2M/.)4OD:K^: M0J5W=7T-*&_V,L'Z"*VPIV3P7B5>V8^CUZC>E]1=1;8:&/:>:]V1%)7GN5A]!+Q M MSX&I7U8HY[I65O0\H\.>,]-[4MFI<*H06L;4*X(.?6S(SF-VEJOV(PX0G[[Q MG=,GKSN;?"1./-\EAT.BK!6;RRIM\+? 36E3I[HV;=KR,'VOV+PFJSS/%8<4 M19>&2EZ!4)VV6FBRBN^R=DC9Q2K/><&AJ:&(CU)REM'K+VEY(6@.38["*JN] M_5Y)ZO<*@M1]="YJDP#=TB%+AB:2NH7>]>/V5EP*K7ZAOWX["OSU(9*/Z<(, M 01X#A;_U_/$TL5U3<[[QCZA[R%-F@D\1GK_\_?A/Q^\^[.\Y0M@N1=:_M?6 MU,+0H9NK)*_0DOA2I[0.UR4X#O[P:N?ZI>/EA/?QI6;3_Y4 M/KRWN/+)/N!//]^H_G\S-?W+Y[>?;Q[NMM=Q//F']R.PW4/-_OC7#^]OOOJ; M-X9>:\ :N%-WV;>8;CL^:@&)#+2J STRWVTPW>H-]XF-/#,V1:M*T-+8\OBB ML6?%6VR2C[FONDUE9$_X&L#19P:'0V[8O)7[03R&5!K&6W"DC4OH5:W),09X M?G#6=EN_P/9J&BWWL/B94\ZU_U6=!Z[@WGM8S; M22GL/%;T,J2 %ALNM;+JSM('('V=:#WW#E3+<2TY8Y#.MI*+Q]P7.S YJJON MSM&R#'\XM%;78X??A=4E0:N0/";+9T/2@GW:A5EEE2/W!! VW8:KWW/O,#WW M]J/DB@9SYXYCK%AZFA:4;3])JYP58!2%UP73L^\[[#YPJ4.)NZ:>FB0_1;X. ML&K?195(!T+I3GG\5.FD'9HC,(.BH,82&ELQ[O-T+:.4*Z]RX6Y38%:]V;YQ M>2[21O>YEN@R07-=J#G"B60@%>G5X_) M&Y>;VF[CTNSNJ_T![Z9^&#%$ZI;3N(P\>HC]%'0\UWK_>&Z3UUK]8'M_HRT] M9_KII^N!\=MWW[^]_NF[]^7M;]>?W[Z;&_X>.HHH7*Q:Y]Z1:RQX*S15BV5] M6LI#=( YW.?<'!-&CT:7^[A \#E[*R)C 4OB>H8E+IF49K@<+RA__/!^?-#' M#^_>V1=.BH+?P,=VC]-'-G[;V$2 M>[%JG%E=*M75PG+;ZCDP25EGF+P:2.1Q#QIR\YS0I1[,0617H.J4C]H[AE?H M07=*T7?SH,&[UEL/)9#+ H3:TX1.UNIG5O=$^(K,_FPNE#-2K9XR-1(6M"^4 M"1@?V\R%\O&"LI,+#=2BH3+TE*O5+]$%O]Q6M5"?NU!;.:\C^.X$TD8^%&HP MKVD0.*70.7A.H.SD1!D<,9<&5KDZ*UP=TK2M:N*V(@^UE:/'"])&3I03>,[) MTG-5)\GUD*=%4TK1N1,]#"9K3[*WKNF+"[76GE)JU4I7&5U+4W6&M;5YI@V; M>XNUC_EL[WD0%XN8-6(!T.Y]B]7R5EC>,-/ M&UM!$Q*99_5?+V6$54\;LXVV3\[D/;KFEDB4^<'C*]QKWTCD[6ZOU.P;"-6J!$@N;C,RD(N_/ 5R;'?_,[ED*]X$'?B M>G>I5Q[SLT2HNU*7=Q6 ;>9]!UR;IVBO&*[-W8D50%%"M4#LR$DCL(BUO+6 M>11^;>[D^=+[4ETKC3%YXU[Z1V5L]4LR%E"[=QU8Z M1)BRU*$O,\OLT3;':_.8ATSJ6;UTQ%9SA''?G4N:.O"PM95PT2G M;D[292Y MN)A9!T8*V\R2T%C!V[&[Q/@4IS7HD MG^5]5K2.'IZB0%0DA-%0WG*W^*;Q1AM_I .-6E\U"89@C/@*:Z%8\5Y/1>&Y M&0A6.@6/(+YW'E,84&')N-,85\Y]!?#HX"$'X5EA>&Z&P9C^$\VTM@D@*F%" MG!@&)=OB6#EWV"O&]?OB"2@\J@R__@0)K((+'KBVK'U,;\\W"QHC08IEEJ/9 MU@9:D:0]]E![>8.#9*PYBVNY%$'H05G$=OO-]J[8LSQ4JQHW?"AN18GWVM#8 M/"%MHBHW$T!84D0:Q=P- CE8)*NS3AM:D9&^MK??K+.,L22LN162H5.6?4PW M&T'0":Q,08YB(_SYZO/;Z_=7/[6W']_;%ZP0*WEP]PLNRQBN.])+*^A]WA#1.(5:N03WZ(,R CI9=I%IF]AQ3[N)+V//9/!HDIZ63+>-0&B[3X0A>?R.7)I(UN#*FMB!9KFX.;7GZ[7N<->8?RT[8TJ5Y2F%4E\FY'*-X MOGLP:?G8["3!(C_(06'XQKECDX8:\^@(MU>HO?O_G[TW;6[<2/*'7^]\"H1V M>J<=@:9Q'VK;$3SG[WG<;DVWQAOS:J,$%D78($ #H-2:3_]D%7@*E,2C0!; M=.SVD!2.JJS\Y5U9BST$KMDSC%(]FV'HEG':A3QA6-'I@1T",MWNZAW LF[9 MB\)XUQQX?CEF9MJZ>X[UK,Y(LTS0S5[7&P"\M79;:SO+IAZL:WR)HVLP^YTD M6K\'[J7?-MHF^-1=S>VYG?ZRM*9GE;R5N@!A3XEFZF#>@#QS^SW;MHW.8&#J MBU(0NUVNEO$ +L>RP#B)AC3-BFEL[:3]RB92;6!Y?0VLLC:(,KL]F#?H 7'L M=_PM-@CH:F]+8G%C#/N.T'UEA':[[>J]CF58%JA_W1QH\[U(3&'T^Z6 G>EX MX-]O8:P]1OAS'$0SUG[U)DEY2ZL\3\.[6<[.E;Q-ME>[;^WF_[(WV^_Y7]H8#-;6W)R1X_[1)0XB?H!$<0*>_N]7L\T[0X[ M<49;UMPXY3)&6[/TK?7S#:7J'KETN]WQ.@,=P&<#9SJZT5X6H!BV5MKSI-O> MEEA+0\EXT':7@>?ZO:ZM#=J6;78\LSVPEMO2V;'$)3GF^^ZV)'Q#:;J3C='N M@RW5=MN#K@\VE@;^HK7<"#$PC?*^5,?2B@3;91!Q3UNE:_4'NM'I.P.MHX&5 MIL\[S3!R6@.G3$[?<;<%%6M!3?L5;6SVN[V>;_>-=J<##.6RH[.6.P3:Y58: MMN:R6$Q]*7&:?1>@CC7;Z&D&V#E@EKF>ORSOM'6K;%OZAN.8=47K_E3=71OW MVJX'!@TC9-]K#WS?M/L+W3%PMFV:VQ;^;B@9#]+&5J_3'X!E8P_:>ML#1\(T ME_:W[6KE$A8;#)PM-2P-I>EN35- NVJ>Y7I=DS51[&E^9YEJMIU>J=[2=-NUVOVVZO4Z[V$[3:8-"\4K.A\7ZJV_;45,72NRKCH-@-IE%<.GPB:9_>[MN_9#+PE7KL4PAZV M/;NC6S;X)(YM&GW+ZGFNN92#O<$6.\?V3:.VKMW^5-UC0Y#3LUS7,(%P?1WT M2K??7>:'3=\J1QVXF7,A9#S(SC';O=[ [,,_/3"^+7#PVDO>'%B]DHMG@E+Q MZNKB[4_3W79/V)VV.S![NMTVNGYW8%G.DBM=5RN76.X4(V\.$??-D-A6=V!Z MK A78WVAG'9GV<*@TVF7$D4?+"!F;:.+KZ4V!@!)EGK1;:UGZ';'@UDN4QM MI')(T&$YMOI2XN1VCMT96";;#-9AV[)MN]OM@G73C;I7*0#YZI&>[IQ277KWOO4&A[>E^SVI;>=P:. M[P[:WH"%$32S!W:=;9FQ@=RQ%A/H@2[NN9WVB Z!GI'9SU@!WVC MF'?;=?O;6J_+-N_=ZNX-\+^[?GO@Z;V^U^X"T.UBFMU!Q]C6=^Z0:::$'4CW M"X#J"PRI/?Q]EN7\I-']>POVV7[+ON^V'=?0>C[+/!5@ U5@E1VU#ZY>:D7Z MXF@.'O0;-?'=[L#K=C2WX_ENQW5]W?4&BT'WVN4J\ ^V83[W+<4/^HVJ5\?M MM2T8K]=E9Y5K[/1X9S%H0S-+FO:#9Y?*;'8:]"V-29S_#'9_\D"WC/6M4'+; M=&U+-P9LA]O [8*[/F\+,##;74\O(=4Q#.^9-BL/8=\!ON8#&KKNM%G$T.SK MNMEN]WS;F@_0U_5RK-L!\MK&W@/\0L/)W2S-M@UQ!V1U]$['<=JV:>A]KV_V M@9A%@KS3\]K@T)=#(+;^+,*Y;1S[C_,-,+4'FJ/W+*?#"T,&;0!6$:KI]-V> M4\ZAF)IM>-NH>>PXW\"/I?6!,0$X1J^O=348IM]=T--SRH4LAF<:OKW7./\5 M9TD4!B$_4C,&"?QY-&(N='; \@\Z;<_H^7K/M>Q>W^[W'<]>D+4S*#?78'7\ MFWF^5T9S\*#?X 4#]);ILV:S_8';[@P<1W,6-#9UOS3HBD?[!D>X1IO5U7GM M0=?KZ]V!I9O>_+EHH?*$DZF?,'/DY?J"%<+])DRE- M\Z=?Z=SX6#YJZ_!"FG6>NA')LG 4%H__/"H&OF'.;)_;30J43I\Z-*9P=P@? MWZHO,US# \D!ZICMQ^D,8!WX(O1 U0'CE\6'^[SN\3 JGVV=EG8P?\AMLK1] MI5H7,.-\77/ MC8&O0%XI>Z\EQZLB]DIFQNFZUB6W81UX?9R\20)U\5TK('N M];L#D%JZ9H,I.^C.UZ4]@*4I&2^@W$Q)E\5MKE@#ETW7.X;7]WJP2NV>K<\W M&P)\K':G% 4W//A/K_,ZU42L#>P^([37'P"..CPSL5@7VW3*UJKE6X[;A'61 M6ZQU++MOZN!^=[0NF-V69?:6> '54LK+.9KM.6=>EE_@ZC#BI#I2Y:P]25;@ MZ)VN!>; P.QT!QV/'4@\;W(#"]1SM_@CFJ\_._SP"/K*L4P<0FN/DW"9^K[- M>C'Y;5;3T_>[77O>D),MDU,VIUW;UX\S#Z1;I:\TF*5TV*-W,AH&)OCRAJ/K MMFO:+ CA]/L+?Z?=]=JE!=)-TSC2KC[%"NVEBFH@[GROWS;[7;O3T_2.YW:< M@:EW3LT$OZ4N[KM-WRB=9&+YE'F?8O;!"_TM9[H,. MVP\T)??TUQD;]^=1+XQF\&O17.[S+ (L)6HZW M=8+@.SWK'W3.";X1#^YUP?UH#P9>Q^KHEF;JCK4,N6N#C5+HU03UY_:3^ F6 M[NF0+ SV9M">IP\,H^WZ5L?0VCT7 +@,=UNFN^W0>K!2_&>M,O8:H\#)O<&< M;&:F9G?\0=]C334L;QYO86NG];>O'9C&OA23>RMUQ5J&@&#I=&RSH]L6*+DE M\GS7V=99$QC3<]WC)CGLVJK M:1H#9Z"Y [W?-_MZ>V [KJ^#2>@)'^EC\J79$+BC_QO6?@?>JUKT_SCU?_TCB_-@WXX:4WL=^WC32,P6 * M\^?W%5_9Y=>];O6>X>D\T&U*XDGX WLSR=!;,^[6S/],L@T>%)%+R1 $3=_WE M[ 7LI_E+GC9&5MRO*N5GJO#.9;T;_YY2>#[E(6LE)]\H_)2!)9X]-*J6\ MQGH^)/9+,B\UVJ#4D#XT(PS"E0<[?$,","- >5K_X ML;@RB"A)HR<%3,($3#HVJL M!&-V3?@ MF>)''&2OTA&>$3 3.W5(-C(Z#?69I]1)%NL[)P8W;6E?#9C=N-\ MBO!'F-\9.%=+ MTU(&0(3EDO*5!LG*:@&&2L3F\F$VG:]LQJ>U%(QP3<9_>#;#1S;U++R/N6.V MN7YC\C G$7#YXSB$"0\36C >_1901EJVLF-81!@HK"&!R=$/3\"3"_XB(_8G M_N*" -M6.X.ECA28&A]-Z?9AT# M \XMG>3#?!F5M74\=CC;)UEG\^ESK(A=HY>7Y"N=YCQR\S]D,OWXW^#D?30U M53$TS3]V"/SYFR(/%,:$Z3KE]P0,)>6A8 8FR'Z5"9$K"Y0.[] M.0NYM7 RT=JA*MY>EXE :'O G?EPX*(\XER!Y!D/)8"OX ;5@Q^%0UA3Q+" M]W_5'4_5;4L0KF%Q@ ]91&T>O(DI<]ZS,:,,\TP970(:/K 9IT-,E@]7'].M M3YA/MQB@X[_[N/&@U0NV/O3Y_?J1MYOG??TE3?X-?GA@1E] HCD+%EC_N(%' MXQGNU[_/9BZ'GK<;:RW1"/D(^ M>HF/G%WI=)"08F>KWZ?@5 X_S /D =B/H]$9N.ZY$A<;(P'+KV ]S]"-C[T- MEPX<=68V9]Q%WVHSO]>_$P7G318U@46'R8S96L]Y=!_*O[B,\[=Q^ZZ$!EE6 MYZ\GH^V;[/X:C2L@)4>*4%J"4Z3;9<_UY 2M!>.Q^^[2HE[GQRN6 [SZ?DDE M$>231[I*I],E$I*RL&,]Y* THFY-GY^?<++PT+$BK2:N;I4D7.P:>EICL.XV MJU!J:2<+-4\GU%!VO4X?63BB:JL+C:MS&%U]BUI-*&%5",O&BRO94WS5/ M9V'5@I$$FEG?\U3;UNMW3#*N)_HL;R-;>$1$DM_V?V+_>Y4\PE*.RDLK]G(R MS]=V$?F;?%Y5_@A8?Q\V+['#L]EO2'/.'D=QOHA0*,QP+R2_-<6C)O254N77 M)*>O*-I#'NL)>7;K[ICDM[/*]F*UN;M>9U;3,O[,0Z58O-= M/KMMW5GM])F[6L6(VO%PO4L,[[*_QVX?H^,:>D_S'%=S>NR09 MU.L[+1.6 6$94"WK>&HU^9K$1J6+1EQR^0:6 2$?81F0)%&;PG, #_9U@_%0 MKCLA$4\=[A(?A):'XVHLYY#C1%IG>NT%W,WRA+<]MCY587G(0A!A"9\Z)9=] M5;,-5==L49.7934/BK"@C7U6^LC".QQBQXO'GF+;JF>54H)#BB3T()PMG5:W T:M$>.X#3]U2'4U8 MB/;BX8DN>/[Q-LG9B=O[*D_A=GG8)O$C>HKYQT])FM^3>UH$-9T M!A,W-4O'ZJJ<+TS!-007Z M2*_Y2+,\"X>TG*^JQ)B[F*(Z775]3S6LBII07V!9'7I;6/4J%*">!_Z8A67I MZ*^)KGN-WJH%.:<]7XM*):Q8PY)8=(CKF2BM!6.A@,&26,EC"[4WAE;-1MGA M8K/-MI:_\[:6\V:F&5;&RJT').)8Z10H\B-6QLJ6^\/JMR95OV&^$]T[:=P[ M67CG0B4!YG@QQ[LO<3LD"S.%#'^?%>[8>W.?/368/"K=]]YV#%4S=,&ADL,I MM^*Y&DEP<:>)HW>*Z-T'O9ZE>M[Y.QY=!GKQP A)+/=:!.0Q,5.N5'$,1]7, MG0\_P,0,"A@4,"A@]A POJ7ZIKB=?W7@ XDC#F<11_/#\ QV\MW915,SA)C'GAQ7M?_K,Y 7CO$]\W"FG.:@[(0\"(S1;KJ:KYJ&WCH!3J& M9W<,9>&=2Y4$KJG:MK"=3K*LIL0>7/VMCK5^MFNF1R_,\C2\F^4AF!S,^*#? M IKQ(^G#:JP2S%^5\U>>J5J>Z' PIJ\:YRJ?W9! \);!ZWHLGX/@/0EX,?=< M17!P@^>VQ)LP=R2,A$U(+E62O7Z9=+7@)(QBH Q#&58?&59)@OS"9=B:U>45A3#_,\U2ZH;U;&Z!WV+R6M_V?V/]>I<9N,SK34O$U40(: M17/D_GBE7?'OP'#!XON6D=R&$YHIO])'Y4LR(?%'Y:4A;;/)'\-A/KZV=E(_ MFY#;_>+]W ) X3Z0>V4A?9C\AF)A&=8#%M9?>I/Z\7$,F-Y>(N6-^1TSG=LQ MS:A")N"O\BAB$,V&5,G'='Z4*(LSEN9[P'O^:JJZYL#_VR*>QGL\B1J6ZZN& M+6980"Q&.A'/NKGYHMPD:3X"192(H9FPQ>S1@$[N:+HR$DU=50Q-+Q?XGW-Q M84!E'^B YZA*2K,I#?+P@49/*A_?>L,Q41#15<\U5,.0BXIL6*P/UI9C"A B M")%M$&D=;8^>1OFAC=90&TW "782V6@_%U;9D"5Y)V\0=&7.#6=@RB4* M&8U 59&\4%6_PA/&CS3+:1HKGV;YC$3*+^&(*N^O?OWTR]5WPM29Y1FJN<6# M/ZLR,QQ;]9QR2T?4%N?3%@KPG1)F"BM?"(PW\D(") <&5ST,$? 7%B M["Y7]?QR"=%!]!8S($?4@ 3BV5=-5XR,&24I9YXGL 8RA<9,XLH/;C%K*PK9 M(D6-$)?\E(;IA@W#334T5=%4?<-4W:LQC/2FZNV:\B7,5H6_9ERJ#L/1"+1I M'(#2I/DCI5R%PDA!O[):1AY]W+V>D0L:]H"[)/E#>2 1F+KST,(,)'<:/<$2 M*?3/69@S,P!T,BCO9$*9ZB8PJ92PZ7]@I%#N>+,>;GV =0 O6=H1$4B-;,MS MB]AH2V'3G4^3L +-XE)XV-IL'\%,%*5^;4>(JA-E#[BJHY>/6SFK/6##D,JM MNM <0'.@$G-@ _K7_?]JZ4< @_D"#_T+/=@=NW;5UOZSVM;>D] MW?,-J]\;P \=S;WZZ9EN>,F(V,6F6I1;:L_J0O@/:RGW@#*G[<57[F+OL'UV6_ M[=2*^S7J[#[QM:>4[!?^E)!-H_B^_IJ8\5-4)OG* A1E8SX;.;#V?1@7@R2S M/%G\4)1*\5\*0],U6KIAN;9CFK;A&8[U;E'+ 5901*89O5Y\^/B\-F.[';NR MGJRMAJUOK_?H4X\SWUF2>%=/8J3CHQ[/5*.[#<)>K<@ M1%^'J)CMI=7S$C^0](# 4BU;VKV\V>%8NO*KK]DA/&%0/.C?E*1*G\=A]XBA MXAYS[&,G"^%DZ5UW^,EDQ^[T07Y#?D-^0WY#?JM9V+(ZDGVA#S2>[7<@K63$ MD0Z(2!]!@NKRY!%R#W(/<@]R3VULH7JT!SV6F)_".)S,)DK*ZHO0E\$@5ST) M=U"/IY>(+0HNIJF]]?2PM=--2+;M<$BZ:(DWIQX1R!N4,RIG]:6%K MNNH*; Z'<@;E#,H9E#//;W-,1]4]E#.5.O"-\M-O:,I*C%B'%J&N.@IBI,^N M@<6WCGXXA%9'G.!PM+&G:N))!-U7/$=;<'P&!@*@[(#S5W]*O MX,(!@>=@FOF&? V0DHZWQR-X0I,4$A+N//$>78_L/O$$5;?4+43!($NXL!R MA"7"4@PL7=M1+0-AB;!$6$H$2]_R5,LN'RJ(L#Q+/J7FZ91^<5 G]I+"E,KI MY?EI^KF($N1G;_:"K(6LA:R%K%4OUL*J^A>)^76<3*7)B^*/8#5U=/A5((Z7/.&)6L&Y0,75,U7=P&I4O8AX18 M0BQMS1<:MNIKXJP>Q!)BZ5*QY)F )8'[V2\!2U6V&ZJW=_'^ER3+OE/N21@K M2:QD)*)*,E)(EE$\;OSLO@<23K;0D:Q:X;U9?4RIS$!""78V&?@=PA7A>N(P M,#O*K?HB]HLP[A"5B$IQJ!18M7#1J+SXED2_TEQY'W'O*HR#9(+[3C!A(P5] M-@LV3)! PV1V!W[_,2WI:V#F__7D!#PQO83[E+JG:H:X)@&[D@W]2Y1L*-E0 MLE58G^Q8JNE6="[0%K)=A,6/T@NE%TJO4T@ORU'-JDXUNU3IA2GBE]BMFTS@ MM4]_RQ3ZYRS,GY0P5N*J@AL24;1FV@,))Y/:K;8NOSXJ]TVVW'6;QAG#():X M5B?'TVNOX(@K?K^"3V*IF];0TDF47+O8@15(^00[HZM M.&AQ?A$SIOPQN@O/:9ZX05HAKGSXF]USK) M(^0>Y![D'N2>VMA"EW%4RJSB9+2&+MTG=V$0L)A,0\6\Y1OTPU?U:WJ M^ZDTI9H'Y0S*&90S^]/"&I@&XZ.2>BG7541 C?78-+#;L7&E;M4P\51KQ@'B8!UD $)ZP'GT(" 1$ MS0%A:*JOHX8088M?1C+MEL8$;DIIP# :BCM9$^,H2+B&=.P_HSRW7-6S<4LX M8@NQ)=YY\%S5\,2=<8O@0G AN!:.B&FKNH7I@DI=E$9Y(I]S^!.&.$[D9&PT M*2LW-D;Z[2&R*Z#E.8\K5TVMHI:?S6V@C?((\?22"^^KOKBD'0(* ;4OH&H& M&-M1#0N3>B(GL-MDI-(2>>;IS&<(;EO43%AA1W8(AW5A5E0%W&> ML>YYJFN).V;\4)I>Q %"*$SK%AN6%;:N8:K>"0+'"$N$)<)R9UCZNJ':7O7; M62\"EA??Z*K_;4KC#!M=U6Q/R 6X5B?OX7R4E#][FQK$);(6LA:R5KU8"_<# MO$C,K^-D.H6!*6SK+DT5$@^59$I3DK,?Z=QN0__SW#%V))QDCOL9?7/35ST- M2RT16XBM"NJ8+=5%<"&X$%P5@,NU5%O#'3BGBQO7W3WYF3DE-,L7G@@&$^H4 M/ZXU?9I:;NE8JF,(VV+<%%&+@+A80.B&J6J6L"TPB A$1-T1X;FJXPCK,=P4 M1& :X46.Z=%I2H.0Y&$2\QP"F21 C?_P'S"6<.[LP7DK]&M-6#F+\,^I'#1/ M]<0U83R8;$W1*BCU$)SB(JRVKEJ^N @K@A/!63TX&P(^T]%4T\7T1J7^5*/< MIF(G09AFK;B*7*70R)G/KJ7(]?DBQ3DEC)2$259*20+*-XO/K9/1)L MEE2K:).LNJ(@H6?H1O6<>1&*! 4>0E,,--^;;O5M5$7K^U09J/80;'S=JFQ;JF&(:X9 P:J4+2@:$'1 K=YONI@+A5SJ4*8J9M, MX+5/?\L4^N6G;#R)\E,8 M*1U-U0QA@=W#Z7D*MCN_"X4R$F4DRLBZR4C;4?VJ#I9$&2DDS'1^^3BF_#&Z M"\^16U8BK9!6!])J.?33'$#S5M6?U+1"OD*^0KY"OJH%K=:,KN]S F;EUNO7 M/J_-*@IC^F$Q%4-[]YQ6,*Y->O(?UDS0XNBI%RFP]JJ-95H^)8R!F,7W];'$ M23HA4?G-RP?SB2H!C:+Y-3]>:5?\.ZQAL/B^A?:WX81FRJ_T4?F23$C)-YZ0 M]#Z,BT&269XL?B@8A?_R& [S\;7CM1S=]CW+TFS+]C3OW<+&!\:-R#2CUXL/ M'Y^;[*M9I-L87K>V,N/N=G8Q0EM_][8TV"J?BON/O-TXZ]MUZ[RO/^_M9Z;] M)4V^IB[OV=4[TD=8'*I,[- MS1<%_KM)TGP$ZUC]CIQW"L[[G,.UK]+R7"/[1Q+"@&04U<5 M0]-/MUO]@M&/A*M<;)Z0B*="-?(;\AOR&_(;\EL=XY_5D>P+?:#QC&;7Z)]A M<%@V075Y\@BY![D'N0>YIS:VT&4<,OLIC,/);**D-,9.Y622QR.[K M39&TB(>+Q8-NJKJXKG\(" 1$W0%AJZ[M(B $V.*7D4N[I3&!FU(:,(R&XG:& M8!P%"=>0$PG/>=:[:FGBNAHW/>:"T$)H[6XJ&;ZJV>):WB*X$%P(KJ5C[JJ6 M(\P1:3RX,%OP]FY^C'!@!.@<(KF";?OGE,RJ[HFK2GN#-DT1SX@GQ--+=1&F MZIL5-85'0"&@+@]0MJKKXNJ,+@1053;/>=ZWMV:>!6]"I*3SK=48[L#\AK2$ M.T^<:/=3BT]N6ID"3:L=CM-IKGY 5"(JQ:#2&Z>R<_,Y^$9OG"$<%H M D9;9)/.=1/"FFI9V,P$ 8& *&YS/=5PL=T5 @(!,>\&X:FN@=U]1!CCEY%# MZ-%I2H.0Y&$2\P0"F21 C?_P'S"2@*D#:0DG;/=38T(TCNKKXJIN#Z5:4Y0& M8A.Q*0Z;IJFZFKCP*8(3P8G@% 5.6U,=PT%P8NY#Z(;BZFJQ4(HA?^%M:LO+_B^,S^;[OT.@8) 0: (! HF25XB MX:\T5]Y'8.Q_IX1QD$R$;3^7B'K2"24D7"6$VZ@G-:??E&$RNXOH4N M&:KNB.LV=S ]+R)O@1(2)21*R+I)2%TUW(KVO**$%!$*:E+$IYM,X+5/?\L4 M^N+1*"402F#4N;RI(RMZHZ%4J:9?OEST3.F_#$./$9N*82D M0E(=5T%WFB,9]SUU4292(5WZDUF!:Q2+PIA^ MF)-)-[1W NWR_Q/[GX 9^8?-R#^*V'RYE8!&T9R??[S2KOAW8.1@\7W+0&[# M"_>+]/ @ ^CY2[XUEW) G M&IOE$>OZ7C^^(@ZFMY=4KY!-;\^!M<,DOI\E(Z&M$@#Q_HDA:FMD8+,BCR\:-BAH'37?AK,&!G;:R=V;#Z4K1.+C7RA MHQ^O!CT@J/M/Z]^WO2LE',(/0+0/'=?N^([IVF:GVQZT3<.V;=^P^KV!;70= MR[GZZ1F@7A.=+TG.U_#XS"#1M6=&"_^!!WC"&&R-_-HT!)L9@..-4T_F; ;8 M?B#1#"8(Z\CY+H91*"/&ID^@F3)^7 K\GE(R8L>OAQGC/V!*6*3L^F ]NA;, M*LYUWX6L)3F]3C'V??TU,>/+J$SEE:83I4N?C1P@T?(L1]-,S_<KWX\/%Y\&^[OEYJ"7^K<;N[NBT& MZ'CO]E7X&_?KY[W=K/7H:S7YFL1_*\FE\&^/A="Y2Z)A\9Q_@_!4^C$;K-*C M 9V PE^Y>J:N-B>&4)_ P5N'%IPFL/":[A/.A]S VE5-GW1DA8F',$ 8G(#9 MN%/1 !@T=R_\\: !ST_\PU_>AL!!>":S]PZ>+.K6\ZN-"K9HI>V)&^*'(:[$,XJF\)V^PK"_>C5XV( M. (1AB=,US8%$>A4OZIK#;3[)1(YS;'[;=5TJP_8R (D=*H17"<%EZ$),'0DSB!X*BC9/J^C8:J:75&CK>:6S""D$%(ONV*F:AL(J0MS M[J4#(!*N$L(U[0@3F!6EI$"GU58U M[W3=H>O-> (-\Y?;'&[[7/2P$MICJMRXJC/+PIAF63OX'OL^*GO=M7>6[;['M.VS.=ONWZW9[M]%C[JK[F&(-V MNWTA[:OF9U\I0YK3= )C9(VI2,Z[5DUG:3"&A52F:1BPWG33E&9L[SYO7J6, M8!6*1E>+]FIL]&S12*0DCS%-LW$X54*VV1\6CIVJ56+30X;]'2',=P'4\S==WS=7%=N"PA7;@\&SM)U<=> MKE*C#C:DV$+7;)-?[T%&V-J[U9^$G=(MU("6A;!2;("6QLHU'-6PL?"BT@!R MLP13EZ3I$Q-%2^$4+@W@/?CH>A//:SIJL0DM" MKSUB_T[ Q4EB<)0FX/_.4MZXF0&79!G-LWK&XV0A;CU";O+8&X:J>:<[/U9Z M]I$F<"8LQE4.G_58@"8(V56_A/"T?,;--O M6QW?R>JVO&!43,%K1C'=N!U P50P7#W MX7P56)B,K?6]0N U*6'S^,#FI$SX&0 *RP+QL!DL3#B97T]'LTB)V.HM@VI< M>0AI$+\[ 3?B5SN3% -:!P2T##D"6GO>CR&EEZ5$9Q9&;&C%.0_A9)H"U/EA M'R<+B32#D/8JF?UA]='25I_Y<1JG=5X:1N-;&A.XJPHN;1:AMC.C>U9>;";L MV4E)4^X[,_DYFJ5QF(V9/$7Q*0?''N.F;'%ZP'%*P[L9/QGK$QG2VZ2; M3";LZ"RX?IQ$8*1EG^,;FGX=DY1V2!9F>[L^CFZU'?![^EW#-0S+,GK^@!<+ MZ)[9;1O6!;@^K%B@<$"82U,8Y$.:DS JCIP+DLD4O.HX7SHNP_6545E@C"BP MI$K&UD&Y8PNA+D_(*L[%HC%SJ$H<>:/>3QJIA1&MNZ\!Q4 MPL!$I:@AE9MB'C:DE.*Y9H(<4%]K>:9GK)Q0@0ZH+L0#-?RSEE2<]^W'WJ[5 M>O2XM'DN)I3;(7*]=COY[> M\JOOREX+IF'WX8YE&7+ MI-):OK@. ;5F&K0Y))5?U76Q/>LV JUUNN/?:[EU"BV'T'%Z)5IS@ M?,):, U:#I+*KX9:#A9:#H(LA\LN'>#W=6J511JHHI!<%9+SQ6G<"Y#KR!<+EA_F"UQQQK(POFH/U!_'$P. M5V\) P3J#X1+X_6'@_H# 8'Z8ZD_[):P0WLO0W]@9>_+1/Q7G-* 3%D'_:'R ME09L$_4*<+IA:SP65H4J:LYYK%K+K#X&+0O'5*V\) )>O;1:,_,[NBE.W5UX M?@>1=P('JU%:K=PS!+4:8@NUVO%.'!8MH%([._ N4*D5=/(,W:A>0LF")=1M MJ-L:"K'+T'%8F/?Q"\UG:QR/7HV>(T?*$]54_G)RU8+NJ+0Z) MQ&2]3)'C8=R\'JFZI@ELDGHT@;&+*L+^Y+!'RP@MH\-I:;5L<7U8T3)"$2FC MB$3+Z-P$1LL(88^6$5I&-9*@5LM#RP@MHV:+2+2,SDW@"[:,UM)LW_/CV+== M?S)YM$:=TGGU9Q>6NPWNB),=^6W_)_:_^I*;LJOR*;C*!03[Q#+P2D&RL#)=9^62DE.ARP'C^:K4<4\2#E"D, M/T@FDR16LC%):4OY.588)[ &2)OS&=(@(JP]$A$S!Z.EE37](7/(IC0(2;1) M:R5/BAF-DPBT,B=]2@-0T0KA7WX%8Y&OGFX4JZ<\CL-@K#R2HGA" 9+\@\0S M=MRKPZ]PE/=?*84;<_J*,7C #'0A:_E:0=$!C_N:)\$?<^+]3>G_.0OS)Q'/ M_:ZEW,S2;$;@3EBCE$;T@7W^5^MK2\G)-R6=1313Q?"8UC+*7=M%X(1Q4#X. MLQ6_P><\I22GG,'&Y(%)C#M*XX*;[IXVP 3/V2(^"#P'F)2&#Y3?00DPY!H7 M[\#$VQ[<4F[AU7"X?=!@'T8Q)N3#FEY,)F,DYNWFX46,$ M.C1]2S Z+6%&YP_?3TAP_348TR&PR>=1+\SR-+R;,7&5?2)#>IMT^3*ML^_G M^(:F7QD9.R0+LUOVX%NPL3L17//37_[KA\UG#F:L#=PG O^"&*39Y]&G),WO MR3UET,]NR!-_P,93@#EB9K9_H:,?KP8]F+3[3^O?M[TK)1S"#R3(/SB&;YA. MV^_V[(%NN9K9-BW?L/J]07]@NCWGZJ=G"NTUT^4ER^4U??C,9=&U9VX-_X'[ M'B$L8YQ?F\S8$6GN,38<<>HJDR5Y&4]-Y@168D9A8"Q.8H4!#1ARE$3@U&?7 M!YNLKQVX_B+]2@;1.FG8]_77Q$DZ(5&9G"N34I31^FSD$Y+>AW$Q2#++D\4/ MA>?*?RDL5P_TK>,8KN-IIJY[OOYNX;""6161:4:O%Q\^/G= MQO&2W/,VEJ MOKM=.Q^@_6Y?RWKC?OW(V\V3OA[WLG_\-],8_9B-;JDR5H85Z(X]7(CE+,P* M&C^_04+I Y'-K9@^UK$#/2W\$!,A"2TYR"/%P8>"8M/'TL+R56^+PXK-DAK: MJT6 :/$/46"2G5QP+!EO0N5Z8IG82S"?I:'PW5,86%RB\:)!(IIBK1,Z(IJRP5 MF.:HIEZKL755[P0'+AZT%T(.QMJY"+DF"DPZVW /CT/4%M#J-]G(DS7?E8!G MWO8EP. V/57S3KCQJPY;M00:'"_OX-KV^7F1[2$%L>6RVFWWW!0F<]8+LX#5 M%V=[5]7:O7;7L;L#MVT;1J?M]GVC/:^J[7N:[\E15;LAZ1QMHZSVV'UAK*AV MN.9_9//:\!*;[/?LN1$PQP3G\R$K/2>LU/J:<>/">-M2N<>JOLL]_0Z8'"^) M/]%,6*6ZD#$#UV9AEB\J[8OR95C^Z_),=JU@?HV!:E[!7)3/ND;+UBU']SW/ MU"S-M\25)_M"RI,=Z[SER4?>?N;BZDN:?$VY\O @]UC_-(AQXD7"6$:UK??GEQ>Z7.?=:#]Z[H,%?4Y+DMGB7N=(D[L0LXK&])2 M'$> @@S9"=D)V4E.^DC-3FBJ(B1/*>'=,UBJNV=\SFW&XAY.Y+JS<)VP-KS( M=1O6['(:YVCOO(6NYV:U_FA$@SQ\H,K/[%4T>[T%XKF&^87D]+VQ3\1@YX46 M!1 $16- \0E^'4?ETZ=E0 +K_"OEP+[2]"$,Z'L342H.I;(AO\ 0H+?H# M2@I3IK"L:OO!GJ'1B3Q1 6SQA'UWSBZ"OE#&;T/EAJ1OR"'D.>0Y,3SW.1_C M5G'D-91OR'.-Y#F4;P)YK>Z;P*O;1M8=DW@8T519=/TK>K"\MX65)4E$1KF8 MLHZ'YTC8N 6[VR' $&"+VW3?5WW-0G AN!!+:G$AX:NFQ]'DG)?,@ZNJ-.L>P49W)R!\(K'.'LH4W.M3T MG=O?7O+^HGEE5GPW2Y^4 0E3Y1.)L%;H#'Y;W=PSS5)M'UM,(R(0$>N($'82 M"B("$5%[1+BJ;Z".0$0@(M81@3H"$7'V[@V2..IVRQ:6X\& ,T*EP5#15=M$ MU8%X.#L>)([Z&CN?;H-UX'L<^MX= RWND_<.EH++Y/TTI=8'B^DP08H J[B8 MSA 7FT9P(;@07*B]$& (L)-H+T_U'6']'Q%<""X)""=)S,1L:<;)Z'/)D7E$ MG0R$DP1UU@GV7Z Z0V#5A7!U3@HT//;_:TCN24J4 8FB3/G7U[8H]D-X-K;. MJ8*0R*5H,T1%8U&AZX;JNCLK(T0$(J+AB$ ]@:A 5)3UA*VZCK"H'"+B8A#1 MU-)7J^4)VT:$L6B$2H.AXAK"(LNH.! -9P]PUBX<+&=4772<.*5TG$1#Y0L) MZ"-YXFU#WMO?O7>Q0EPFSZ%%/:%@2CH@X?V6?)"Z[V7*$%;IB\!FATF"H^"XZ&(B&LZ-! MYNCOSLWEL"3\)2K^/:4T5MI!2C.EFTPF29R]][ :7":GIRGE/EA/AQE2!%C% MYY09NY^@C.!"<"&X4'LAP!!@"# $V(4![.)J4ZV65GW[8@S*(^KD()PDJ#.- MZAOUHSI#8-6%<-5F!'9.F5U\/?AZX)^U@1'%:@C%QI8S89$?H@)14=(ZOJZ: MXLXY0T0@(FJ."-03B I$15E/N*HK[C1G1,3%(**I%:YF2]P>.HP[(U0:#!5= MM2SL$(YX.#L>+C?X*V<,7; N^O]@4)ER$Y'_$.7K.)E.X;O2I7%.A74+D8B. MTL$5BWXJY*]+47L(, 38JNC'F*K=C*HKO)**: M=("]N!H@+++#M"D"K,J]A;ZCNB9VJ4-P(;A0>R' $&!U IBAZ:IAV@@N!%># M*NHDB9E8+5U8:@I+Q!%UB+K=FKUH3O6P0X6&T*H+X:KM&[-SZ./B2\1O2!". MPD#Y+:2/HM@,8=C8VB:L^$-4("I*YIUAJ::/W?P0$8@(U!.("D3%2WK"54U= M6.LN1,3%(**I=:]62Q/6"PBCS@B5!D/%4 MQADV")?/UVE*>0_6SV%&% %6I:&H::JF:0@N!!>""[47 @P!5B. H?9"<$D1 M'&EB':K9LJKO5(QQ>$2='(23!'6ZZEI8_2TEAR"TSAV_KB -L//6P8NO_OY* MXIPHGY(8ILG." WH>UW#+N%8R83U?9B41E3LK7M\1S4=!Q&!B$!$H)Y 5" J MMNL)W5=M<1O"$1$7@XBF%K>:+=T4389+CC\C5!H+%5=#!P/1<'8TR!P QCIP M$9'A6Q(KOX511.ZI\H7>ATE,(BP,E\_Y:4KE#Y;68;(4 59QFQ)7$^9G(;@0 M7 @NU%X(, 382;27J[H&UM$AN)I41R=)T,3$MN!8&(ZH.S'J;*_ZW1BHSA!8 M=2%P 0BP11]0AZG;:]:2[J,YDY \$UKD#U[5K'-.H M,/\LR))8^84H_3A@7<2'1!2W(1H;6]_D.*HOSC^[%+V%@&@L(+ ,%E&!J"BI M"4^UQ?6#14 @(&H."%03B J)ROHD<=BMEH%-P[%I.$)EA_X^CK#<#2H.1,/9 MHYFUB_W*&4(7K(E^"X,\297?2!31)Y47@2O)2!3#241"Z9!Z<94^6$J'^5$$ M6*6%!Y;J8/$!@@O!A=H+ 88 JQ7 F/:R;>RNBN!J4NF<),$2JZ55O\<" _*( M.CD()PGJ3 \W-DG)'PBLQ*\@&['P:QL57@O\6QCD[(G1 PE1LXQ<$(Q8T M85X:47$QJ# <4_5TK-1 1" B4$\@*A 5+^D)7S4,U!.(B+-7]$GBL9LMVQ9- MADN./"-4&@L5735L!U4'XN'<>) Y_+LS0+ 8_"4J_B_-\BP<4N6&/(11F,2B M>$TBZDD'THLK],%*.LR.(L"J-!R' $& GT5ZFZGEX MG 6"JTF%F"51.%P^4 [+ZJ\G)^") MZ27<#W9UU7;$6>MOD>T$/"2_=8'2"Z472B\1@095^DB"*/'$0% @ M*! 4" H$A13TD0HF:YG)[W,"=M;6Z]<^KTTD"F/Z84PY$71#>R=R(H>@8K>A MG0FRG+A*0*-HSCT_7FE7_#NP2K#X/A_).@_">TM,R'];'^YM.*&9\BM]5+XD M$Q)_5%X:][;T\V,XS,?7CK8+'V\B:_>+]\N P[SW0=0;C+@!<9-/\PC6?*]_ M=[3L@?GM)3(J1-KMF"J3),WO69NV.,F!C:;DB3/K'8E(', /81Q$LR%5%"F)"/^;43"5'D@ MT8RR7_ACF-90^!^G*;POG)+HV14DRV83>&L8PQ_2,)EE"@G^G(59F(=)#%_B MH4)2JJS&%\9YPOZA,) ]0QHD*6$\<\UD=_'Z'@WH MY(ZF*W*;NJH8VI9#+@Z8'.?-$\T$QEP.QAPRY@! %0([+S";1P?)?EV>R MJQ9^C8$V]=3:4S9N8O?PN8-SKV*[CEXJ!G_K3HG=5>Q"XERET3#XCDW:3*%63\I-Q$=WH.) M !JJR] ,>I]@8UMQ#OMRN.9;.]$VD@7E=$ %M'R=!0/*C, JF7"K28*LAJQ6 M":MAJYNC'9L!R<9@H2N?9WE$<^[3_!J2>Y(294# ZE3^];4M"M 2$50ZI N7 MA!5OD)*GE.$MII(_?62HCHE=2E#*-$G*7%0UU1$BJ!Y55+8MK&/S.3GF_,+K MDL,6_+:O.=#L,4F&2I=[".@LBG<6&]8R'@]20%0@*LI.@VD)VQ3;%#S4/4C_62C[;J:\(RU"@? M=[7&7Z[>/]G I*\O?:O.F419LBQVWBQT'M$TA0^C,&:7 LMD>3:O"):HY%CY MU]N#?H0[CJU%+42F[JJ>60Y;'_ H$?6Q\S$9JBNH_A5(+^(Y\E<6"RT;5H&; MLVG!G]%3ZU6!@7MB]HBE2+TGQFCH M1P]%6C(:/H0!O0YH, HF[!- M8V :K3:",< L\(4008@L(&(U#R(DG\&? 2-,[11;'A>.1A2!0Y�\'*29/I M?-#XL#L5<%)2NM \:PHJ M3%+V-_@%O!8VA*REW/(OV]^\^8Z_95Q1II1=H"K9[.YW4([L@0$0'1P?MJ=L M6&S75)7'<1B,-X9X1Z.0/L P'T.8ZQUE;@W"'>&^@+O=*+BWA?AMEM_RRV>) M'.))+@U8P"E#99206!F3#(!(X^7NZ[LGA<"?PW0(JIIMABI0'3,K&(3#8YB/ MX8(@^? 6GS&1$2:DOB>4MN\7?V#,6NU3Y+X\;&U=?WM?;33[\-B=I>T52$1/_#F4LRMB%C'4:)6-O M%W+LCI(T6XDXL%M^^;GS^8LRC6:9$#FLMVQ-C!QFUALW X'G0:**>.8GD@;C MYP'(+>>V'O#HEM+&..E!<5*F8_,D!_=V,];T2,1PI-G2#'$<*81V+;$A6W19KW4I@[##&@0\1H_FIIF@K6MA"YQP?, REE\P'^LHK]<[E] M?+.BN=CV+6D-B5^3AV=*NC ERG72AY@2*,=1CL_EN(=RO/R8KW2:/X.?(5R2 M+X*QF N]2L MO@GF0(>J,J13&O-T-TQD6[1_-F5Y #%\9 KCHYIXK]4[BU9+ZC$M]X# _NYRF)LU&23JZ'=$1FT?SI_R#QC*1/:X:U)UI^<,G-!,:4A$-P M5T;;BB+G4&LCV-GIA47^K8JE(XMHBG')+">4VHA]DTF;<7%O$\3+2@ M<%P*1UU#Z;B+'655Y>"<,4AEGBA()>(%W'L2,E*!N3937@^LS,&%BRXD1%9P MHH@GY>.44B%#2D"F/ 'KE4O$6BN',0Q,_&D9-^N$'4&6 M\0NIMTI"_XOXP#)J\,P@;KU^!,@^.Y1_^'Y"@NNOP9@.9Q']//HTWZ/+-%=V M4^S0O>7_@'G1B9+@CY_^\E\_;-[SA55#?A[=TG22?1[] @-NQ\-?*,EH>V%3 M9)O/8&$/%HWY0D<_7@UZC(S_M/Y]V[M2PB'\0(+\PZ#C:H-^W[8'[8'IVH.! MY6B^8?5[/4?3C+Y[]=,S%GI-7+PD+8[>,KU^%HII3%\^4&5WIEC=QZPW7FFZ M" BQ3$9+I.N6(?-1IJM!=(^'>VV0*<\I1.*,EF M*5UT4"L\[4K05L%QN&<%G6&HFB?LN)>WR",+YYP%?+M):KWVL!QLA,&VA,"4 M]R17=$U[IR2/,4VS<3@]OO*AJ1W^97*;6Y( ME-G&+X&4S&5IF)T,14Z]FF3(6?.Q4AV M.TY>[BS,%TITGMARN*2@T("824-(H1Y1K\V_S?JQW232<1P:VU5C7IN8( M^4@B/BIWCD0^0C[:GX_*F_ P0;4WUQ7>)P^5,X_IG-"L=WA#BH*4>H3-=%_5 MM9W1>S"]:L$VQT;%:B3&I%.>*,%0@ATHP5S5-\6=[UMKMD$)AA),$E9$";:[ M!--4S;%0@HF08#4)IE:[3?&!1LF4^Y&LXPS;5,LR<7OZE)=;>:7;JFV7CQ'' MRBN,$ J*$%X>I$S5U\09Z0@IA-2E0\I7G=W#[HBH9J0?I,,?EOQBR>^Y)*!I MJ8YCGI^@M6 \# VBD*P+KZ*0%"@D==6SQ 4744BBD$0A*0.OHI 46@7CN!7M MM44A^;(/?NSF,>$[O,K;R+Z.24H[)*-#UHR:QAG?J?;+[<\W_XK#/&L_DG0X M[^7_M/=N,W6ZS8%I7-)A.2PG79 MO%=?0=Y%[SY@N0^L<0<=*FP=%+X0RG"6\B<\VSE6XLH]!SD'Z!R#G!1#&B0I M9X-KQOV+K%L%YR:LR*2>;");J\(/&3)//IYPU,<&["G? 7SWV$!:[ MF'R_Y6FVYGB&X<#\6&=$81V\=2$;!(UC]VG5>Y?:D;=KM1Y]O6F/2U?;T==J MZ2Z[&HI_+>U6.B[-[,B=9L;-IS6+>B%CX6Y49*QZ;T^526$*IU[]JK+>(.VY MV9%'JU#0B1=THK;=-XC7_I?_\$9#\7,-K@W+1.Y?/UKA7&/[>TK@(3V2RSD\ MWLB3-\9#02)>D*#20J6%2@N5%BHM5%JU$22HM%!IH=)"I85*Z\Q*J^Y;S*HL M'>R0B,0!54BNW-'[,(Y9Q58RX@5;H@2U4%+6HWS5- S5=HW**7@1Y:DU@JIT M%H)P"ZK>K(@]D'8_OL5KZ>):KM2::U" 22K +M"RL!W5%-AE G&)N$3# @V+ M$THPUVP9V%L1!9C, NP"#0O+41T?#0O$IN-=<<*\#$ MI$PVX5K_T[IY9NR-C&+%PDP>L&F.ZFO"]H?(LL15:WY4\+L7R%2\SZ4"3-@M M4UCW0T3$Q2"BN5K"\C35='7$!&("M<3\/L=N:1HB A&!6F*A)0Q+M2QAU5*( MB8O!1'.UA&NUT&ZJ)BRU-=A>_^C4;[P!HRB6$9JBD$;3O-=]0_4L86&K-ZFT M8I/JR"2SY^RQ=W.LA+9)$%156;?P@N&0@GCVHS=$O5 M]>HKJU"U(?I0M3UWU]R657WQE"PH0M6&JNV4JLT"U>89U6^G1-6&Z$/55J[7 MU]%K.VV(LFFQR4&2CFB(M7/KDLZ M(3<:$0AM-"+0B*AKWVU9UAXEC:22!HV(+= 4VWL;;0A$-MH0:$/4M<6V+&M_ MK*192W=\GQ.0P%NOW_+YA^\G)+C^&HSI_73LV5<7Y+;<$(SY5?ZJ'Q))N1EJ;=V>Q3&],.X.-%- M-[1WST$$-VZ*(_X#YYTP!LF:7YL,9R*9YW9,E5$2@?2&=RI\^95L-IF0%*[+ ME!S^3.;D9]ATX[,,#;[:@3(OU@)C2@DSN:KK2&J:L*6_IC1\ ?KYYL(C#D XQ]7W]HG*03$I5!N7QP 9F M1M'\FA^OM"O^'=1!L/B^O_QX#(?Y^-KW6YYF:XYG& [,S[/?+:Q?6).(3#-Z MO?CP\;F.60UQ/8F]*F_0MQ8C[)X'+T9HF._>UH1;U6UQOZX?>7^M;]=J/?IZ MTQZ7KK:CK]72'51.U)BJ(?ZU=(KQ<95YSAF.^Y;J<.^M%BV6?")C"6 L814< MR%C(6.N,M7/FH/8*4SCU*N[54 'SO4':<[,CCR J/(2(XDZ\N#.1XYYSW/_R M'][H '&NP;5AF<@]E7)L_-0II4=R.8O#0T%28]6U>\'!N;D1 M]1KJ-=1KJ-=0K\DM2%"OH5Z3B!U1KZ%>0[V&[0".:0=P1^_#.&959**; EQ@ MI;WJG:"=.M;1RP54Z>R#T]71UX(5I2BRKX< \_26):Q"H=Y<@P),4@%V@79% M!9WQ$)P(3K0NT+I ,89B#,48VA@??=5P?(0EPE)B6*)U@=;%:QV(3 R^"A%@ M>!K8MOMXA@S/ BL"A:KK:*(H(=-(B(N!A'-U1&& MKFJ>L)Z0"(F+@41SE82GM0P=$8&(0"4QOT\W5=-&2" D4$DL[G.]EKB6_TU! M1(75O/6/3/W&VSJ*8AFAZ0EI%,U[75-M<9KF32*MN*0Z*@EGI.^DY*%+U5S5 M ?'D*DUOG2"Y+ N*JK;^$%PR$$XBS6:KAB4L]HR:#<&'FFUGS>:WW.JA)PN* M4+.A9CNE9C,T57?$'7^(F@W!AYIM5\UFM,1U*VZ\9L.2N6WW#9)T1$.1LH;Q!7J&]0WR N4-]4&\Y3 M+5M80?BNI+KLH!X"KL&*R+9;XJ+CLK"^')&XQO?]I/%0>,?/#8EL@D0>)C-V MS.Y")%]@6PU+U6QQ9]H?3."+V+9>(Y!+IR2%*T;I,SY2M-:01DZY?LNK/M$N MR]JCI)%4TJ )L<7*%]I5'$T(!#::$&A"U+5YN"QKCY)&4DF#)L09,KUH2""\ MT9! 0T)::24[!QPK;]:R'M_G!.3PUNNW?/[A^PD)KK\&8SJ<1?3SZ.N8I+1# M,CKL)I,IC3.2ATE\,R8QT)&?Y\B/E1(.X0<2Y!\LV[$\O>VY?;?7;G?U;J?=]0VKW^O9@Y[>L:Y^>K98 MZX2_#2EG!KMT=A3#^,BU/H=$-[]QPP<..FZ.$_< X)8Y"B M^;7),"6(18JO[/+K, <.#!;I'* NR^+FREC\D"5.TIC99K2*3#L4 ECA0"7I4.>X'H, M\[%R3V.:DBAZ8G^A4_8TLF1$N#.$YTXCX(SW5W]OMV^NOF,/R<>4'U@*%W]E M+^3T;4]@R %I*?6F+9_^! 3<$R/ VV0& D6S(>4TF5..DX-][Q8/:BD_QP\T MRQ'+(S).%12I*NGI*/2:Y, M*,WY8X84+@\9E[-A$.6!I"&3/:M[^8U/L**__=PO%G3K(%2%#P1NF44Y>U;R M"+R2C<.I6HP.9,X,Q@1#2>#6=,LPX1FPF,63I\DC7),GRC!,:9 #L;A@7$T@ M@:%EH#C"$;!1G -+AC"6H)@5A3F$<_"1>ZR)+U3HB3+&).F_!*NC-E?81@TY"")@6;Y?!RPA-$01ILS,G%DW-'U M<;$[EV]--Y'XL:#$8YAQAGCB%\RY@C$0C #4*RW&0?^X\_<$J*X\P%]G0/HW8+C2;/MIH2UZ:UVNMN/A MUQ6EGCT+5GHO;68-C'ZO,^CH;<,?>)9F&^9"FPULQY9#FXE47J4#74M+N.=3 MYV;+_ D8P!&99O1Z\>'C\_CD:A;K==#+&*>WM79]]TKJ8H"N^>[M M(.K62&UQOW[D[7^O;3_OZ@RKK,9^U&J[[5O.8JG=_O9[4F$O=U;R]P\CE MO>C[]L D9-IU14935P](<2#['<)^YAG8KTS+W=/_Y^96%KD[9]H:^1#Y<,Z' M3J5"4J)BE"IS[&WNU;SNQ1S*LM524!2OBB];D+N3Y<5*4&3'DQF5]>_2=Y,F M4YCGDZK$-#^GP2,+0825X]6IZL[P/-7S\"@N-.S/7J\K"^]UQ>T% MEF4MCY4#> #9*\3]S!/41=;H$'OVS:[:;T0$FM-UV]$ ?#M[^\?VR&I\63QZ MFP*\343G$IU@(COBCGNY='2B\YU_O$UR$NVO.L7OD:O#KLQ3&N3UV-EK6KYJ M.>*VW=>!"]"EKY]+7PO&0O%2$B^NHUK"NP_)S0421PIJ;^W\LFLUJ?2)KRT= M+^J5^:H11TJG'I$?,1-;!=4^)6E^3^ZI$B=LV]>4//%6#F>TVV2AS$6F8G0# MG#M36#18EK5$_ZU^_ILLO'.9N4'G\11YU>:@RU9]75S>M.GH0E=XD1<]3'_MD77?$C;!](8P M$M8^_V%HAJI;PHJBWVZ:7 <^0O_]S)%YE& HP7:78+ZJ5W7JZJ5*L)VZ+9]L M8'+W(&I'\X9E\[YOJS9NO*E82N*,]2I+XO6>>C0*)V',&V_-VTZ]V2JN54\: M%5_9Y1M]%;LD&W,"\0_]/V?A XGH@FI?:):G(6]\WZ+RZYX;(U#D!X9 M[Q&M%$BL)B$O@A$B9D'R6LFYOR:C7CE);S M;H<\29G CV/>'2^B&8Q]S%I&SM)@S'JLLVYW=\#<;)'I:I%5WLNN:!L8L,9] M9#I-DV_AA'>#')$P5>#*&6VM"HY^48+#BI: M"@9DRIB.-6VCZ0/OO0:#8+TLBSYZ40)4)O= BP9"[ M]H/'L-&W-JD+/IS . M)[,)K%MAPRCPW THO":@$GH_)$):=Z>;\)D.;N1#4$9SFC118^=*[SL M&CF_B TH'1;-%N<#!G9-)I0U&TPI/#XM$$$R?MO5YHCY"\CP]UDA!EI7ROKL M 5DP//; E')DW3V)$05_]53;+Q?8'O(H5="(;-4PQ8R(+Y&80;FJ[I=W#1XT M*,9%\S:@K[( 7)@"UOB%C.$R=JHU%32AK;VJE*T]@<[("UM[PYR7$V!(Y43* M820"O32EK)$MC9Y:R@W8D$QLW-,YXI]).=Z#- C2&7SF:C:G8";FV=\4]I1P M%,+O&6'=EG.2WM.-)LX3FM=4N_'[^EG.C8,AIP<(==8C=90F$R4 Q4_")2VX M80%X 0L"K (E)3DH!G;D2R'"0213;E(7IH(*\C2;I<69\4NK(1LGTRG#7='Z M2$F6'4;I-W9B3%G_<($_5TUS>Q[N"9.Y>IA.02GS3IL;#P!9/F,JH:44R #[>V4O3I97J7S>,$;6G#J=LK;Z5%6&0,HHF187P$JMOL[!"-9D5C3+ M9@9F&##L@7X?C<(HY-1DEX&;^V'MIV?LE?%VO@O7H.@]/6=B6/#%8XLVOUMG MM>A#S0WQ:'U2RHC"WU<]VH'1[]F+.7!V%F%OM'K=#;,*%?..&% [YTJ?_?;^TN]](7 B])1G#5E*1_,*D1)>P> MF@%#)NH6'8%):J>Y;1T8SE/!^8T_5WF/&\!7?17_^9 M)IM-01 .PVR:9,4I 2G-P77GG,U[D,?\SS;+B M_+=%GF<]=+@9EGG:&%EQ/S\A[]DSU=4)?//O6\+9X"J3(BS,8PB%>UP,:2TK MODFIM233/&@- UP;$B=!]AH1%D?RP1L6X7A8_>+'XDJ.,G9.6I8E5%SG, MZ? [7,G"H!OW+)[^9M1^\4X>YP?'>#@)073G+$#R0(N'%4>FL3!#MIAKD;3E M_N[:^)^->U&^L)RYRDHWDF 1>TG!K29#GLV;3R-C,?8B);UPL%<^=7'BX2JG M#'^G+'G#OK%013!>G&OX5")'G.0ODG&>_PE6@V CFP>/>%)@OK)S8G37EO+9 MC/F1@\44BU#3\Z#WLS#XZAC&Y;QY7O//&7O2*$EX/FO!\DFZD$/LZ]W<8^%S M&],(1OI PHA[W2R&%4XF=,BFJ21!, /$!XPLHS6&7GO]DI_YT8QD^,1?\4#X MF7_,7V>>/ R11](+3*T6MI $(2O,R=@1DQD[H3*,9[Q2) \C)9NMUF:5=LEF M$YZ^X>>A)ND?_,0]GF]CQ6 1S1>U">O#4!>KM$;Q.%&B)+Y?E:RPI6DI@R1= M+2E?:9"L10Z8IVD^S*;SE9TG"!:"D;+*F'Q=[\"H6B?MB,@-O?%?>9$R)+"U^B;UQHZ0+%Q[YPD%S\L2+*J@SQB^$PH.4E(8\ M1+Q,P&J<4\K18;@E0^O870H<(US*5*0@B2.ZHI>]7#>.#;NA)8<<$!QDZF.\ MI7*0K3A,0\5.YM/(MZ6"1 2@N)(^LULEJ;[=@!V!/ -$-8\+5TWX'AXF (P3 MVQ'A:JG>13=O*BH)O!UW.Z-?*0!#JH"HU&5Q.3[,D=[3*3>"-BIB<>C>)$+; MELP&=7!'-#\&+"3Y*%$QZ/N23,R M*ETWY_']@M'F.T<>XA%G3XT%.PUY4V\*A*6.&Q!!CX##&-F$FD1U9V^[8)P6 M@A+RQ42EONJTA8A,/&M16;@L"UE(+^0?'/S; T! 'F$X1BCD5WDT;T^QFO M08,E"H:H^Q^ZV@?-1W*1;OM7C "921,S^[KSJ^3ZH.'<@D95<>%2ZD2_!L,* M7PW_ =1.P2 4)2@V(&U<94EERU5:>:*N M?TZA-PJGE#!+TUZ(Z]4NG0?-A>BM]=I]D\L0&1J):UZX /54TGK\EB1PE <3 M%5%*0*.,2 KJ"K7B+@ I!NJ&BKPI9R#?9 9, 4);NF,B>7#JNI;,3;-[1,Y' M'OZ(_K#0Q12/+.M.LJJ?,3(N_ ['^ROL7-WZ^GFF2RCMM\SD4(41,<J;NDRP]"?F@P$GXL4#J@A^M$WN> R40,?.8P4!WW"OE98EP>-BJ MNE=V Z2!POV&>\']N8!(!48_"($->32DIDG_9YCQ<#F%_$*R(?2)9@[3C'78 MPBL'*GD*-L$8I@ N%X9PH^] N[\_CJE%I@UXX*29.:GJD7O*2X%E4OW8DG-M M MRN"]AR-,$R!5QF M+!3$,?!C[I,S4#@E1?Q["4_$=@CP50NT\_PK8OU!7@Z,?"TYP( D%H54J@H( M%A+$U,2P:B##@U7 6K!5=F^1ZMCKQW!>. ;IP"V$@>-T*5A@7VB),U+-.0<> MZGG R_@TP=2 C<.+U1;/NN0D1@PE_2SS%\T ]$%8M*/^#67N:(AW\Y.6-P+B+,E-KI8\EB9FARMY822,,\'L\'QA&!\T M06*H,TK/=7URLM%48# %&/R7W62TK*^9N:Q:H]G%4:RLN;1*90O951."2 )4 M^5D@T2:_?>"+!#(!H,V3D+X93<&DPY/8FU^;O3P#=ZTE(KI$*'RN\G#_<4(3=X/NX2O6)2Z%/--G_(1(PA$Q#Z11(G%)$ ME:)799K4!@4O%0MJGIZ0ZUG1 L6'717N#\I=)'W?V62Y.1<5G !@0C@)9:.F MO%>-I@&:\+FXH3"NQ"_0MB%"37\"BR&R-YH TF#E*G27F2D"HHW7D=#M+>3>*)23PQ MB2=-"/B]4@6+#+@S,=-/ F&G,F:ZHX12FY03;6B:RWVMJ'I1I$T$5PFLL0LBG+ XHU-3-MISZDW+W>ARI MVCJ9V!&6QU*=J>@.H93P62("_;);N30>(0XI:!;U>QB-ZO*(B)%[C%9EJEHN M@L;Y@FZJI2LRBU$07N^R1Q6]@*#GI_[3/'V @GO),:66;K"5!>;1SFDY._+M M.*X,A,I7F-\^S0,1:BM]R^K;:2@P.HDC"J=&6*O@3<$N(&G+R$=Q#9TY\&0) M&L7?3MY)X52EW/WB?1B(%>7^1AP"QG_D=J"-+A" BCB4-"!0N+&$FS$/G%?6 MBQ=M-GHG 8_LTHWYC0@>9EF"0^Z1$>$VA4>9>L6DVJ<^\U:1BS=>J>%;[: I MUB,HAA?EUY!X-O+.A,X8XVZ**(RAX.>XLLR?RT75MTC:FM^YY\X#$:@F8@Z* M"Q).VAN.7V0'A:[HS_DD18N;HN^1MV !*>%L%MZS-*X!%G4OHKX+^T^/)%2= M79YP+$;D&(L .9MNM*:'"-3I\ONH*K[PP7@L@BS#8CZNR 91@@)D\8N,H?D2%:#:I&W$E=S1& A0[Y@3I5*>5#B40C(B-\Y* M<96NVEPUPH3(47HN\URZ? 4BHT?ICY8+%_$U@GC2Y)5\%" FM+5,54G73OD8?8%J_ MTK;.BF_E#YZ]297I1Z=C%AJB1B+)$RK[S-6\E[ M !PNS8VD 5O6!=Z]9L@I)7>6-)1IDO0X:?2 W 8#&F;(@>0=R@CB_2EPFL\ MY7]@.?"E>K.='VL6/(,9B50_W+\-<#[,Q80),0^'D1ZKWGF*D 0!H&+8?RF@ MGQ0)/RZQ5WQ-P2P ?NDN5 (N [:-P LB$98IP?)TF0[P1V(*YJ)XPC380 M82E86<3,RF!G',X1Z9=O\-A?![,WZS98@V%'5NY*I16%7I-(AA02X2OE,[,P MF@61 V!UF8)M&1-#(MV!S:2!6*0\2Q4@MQI%Y! @ID!Y%577F'I4N,G,"_XU M^1A.PEGW03"<;UBJX%@4$BX+*@K1B548I)3ZP'W6E2LKC(8*\N0-Z93/HD1"CL<+;*IRF*K4422;IDEI_@.$0FX2WSI8<+ M0P S)XOX+..K93:8(#_R8JB_"/D-=)UE-I'PQZLE.E/$\/2XI. M.'3\-HJ#Z7=T7HF:Q9+O*:&3J8) E4RS_&$'""M?R+TT$!J&>R/AOTHA1P]7KAVE8RU1?P:6A![Z]O %X;?8P*S8JHR9:'(&\[A*5G1*BIVISDQ6*:U*S1*XXU5<@R80>TSO7 M$0FH$A)9LG&:68[AYA)ZF#E MPBRPP*HR+ %-&G]0!2-C]*J["G<\4EQ=@HO M<;,2\WEFSZ?,T_NY,/%V5GS!EOTYY\R".P+&NHXK"CZ]/OOVY2M:VC)!>Q,+ M5+E)%GT6\N+"U[CQL78G*P8&X!ENBCHO1@ZGIUN^5L01$%;$2*;"UX\W>FEE MC+PA1UGWK_3A"-:"E:^3$!-U_I2*%OE%1?R@L^7BU:LNU6^:YVM%A82M?#TB M&UZ(%3'-#5U%87!T]7PBYI'[;"JYCI10F,\NXO53^)$Z6"B6HJXG+6*5JIYX M.1JFEX';;%RZ2) RTCQ-47W%%>)PTT0?%_?:)G]%N]OQ'48[$FXF1_E M$\L$:)(2C"Z4BP],D+@G]XO(?5_?GLI?2O+HAGLN)_^@T,N"4-X3KF3F?2#U M6B9*+T6XEE(YKJHI5<4*"[&)NE1?>*&FX(:UBB0O6=QL76\C\$7)#&O@J%(W MJPB0$E6:(-5,%K/IRH??DK'Q(<\=.A9C,=>8\PONPY7J@3_T*(29:SH21V6O MIZ0&]U*@/]0JQE9=2B(95<3*4Q3%;6ZIHMV,%V*KBA8Q%UG%$U1+"CDK38;Q M+0]N0[8$[H_,GHF=X1UH&LI_9%3_'OW=?Z6^\_>9C%6NMIK.!127_MP%U RG M\Q49U+ ,H)RYHF=(7VE6#ZJ4.*@D:-)S#C;S$NDTJ'%A$Z,(S#\AO!5ADP;C MI&I+J;Y9^0=0;X&."S.SFR")'UE>0Q&3WOL=N9,2U0GP6R9H+E*%$0[6;4 A M':$K-2,F;EQDD01A(U"9#+19\Z1O5??*LN#4\FW$0678!SJ'IA@7@FG[A?5T MT_6(^QSZ,Y IXLQ?6UVN2*_M*X\AN<'K^ZRR:'76N&UQEZ811?=0@(59?53L MT+=IG6K:=W%U%%+EPH&P<).2N@;>0M2AG.%I&[%>;P+7F[QV1O'6E")S $FI MY)2XIQ!B!9>["E4(6RP"WUNE\]'PP ?6C[>G'F_B*\/([Q\Z MH=QBC5=+$6V4,PI,UMQ T[8,X11A2S!6[/'\XC"-W),DKQ;AI9LB1B;"O7!E M5H5#EM(]U=13-=4\W2#RKCQ;FBSSJ&*8C(':,O5/6/ ;'TMSY')S"L$1;ES: M#, 7%1:81OI%<38;K%BZQ*.J(HZ;=BW<+F+^>%5V9.2I]>FV\Z%%+CB3C)=\ MG7(53YDQ]31'UK\21RIP0LM*FW"GD799]60Y_CK:-9G7%S3S-$@JJLA/5BL[ M%@-MLN)LY'E0BN^IA0^R"(]8A%@\'J&2I5\KZT"S,:,+8E^;PFV#B%R-%XI(E F."QTU"IKH@9&E.5J$ H*'T;FQJ*P'@K>6*9B_9XJ M65"DKBCD5JZ**P3QC-,5$48$8:P"XK^HBR.3B]WO0F3GY0*JMY96)ZJ>A8(A MW&),95I"14E6D.N7$N-!*!:D,X$A&U$"I[0$BM)(-7Q%.Y"0+TXFE1**(0YP MK4*K*@:!H4M)NL&CM&*4XGA3BK*@4II7"*5:H"("*JO,C'H%6,)J966*&\G- MB[2GLR5R"4*48RCSJMY:%^:*2$LK$N+RUC,8UJ.OL@"P7(62_E8LLKH^>]&1 M@/IY*ARYV(LL*2U*M&8NX-+MHH0G]^B#,/AMPC#"EQ^;Y0\,%)TY88;[7^ FF[KY_>;X@Y?1!$2B\OJ M,:-YHT1H4'!(2 +FAOE8L^TB?5+8BQ$7/Q#OR+"!$G00)=]+Q_H56/&1B_[3 MM!7(I21QBF<[>W_UX?+LC94LG]0)^)E^L9^Z@[86QQA )286'2015=F*U#8M M6>B 0KO4?Q4A4BH;3# #6%AYSQ0LZ=34$C+TWA]!6B\]KP,H[Q2X(^X^#EH= MOJ,Q_B8.E#3 M5./9.S4H796':/5;7=&6C9L'VPCL.2AIC-Z0B3,\Q<]T,-. MFDGL&T3IQ_PZY3IML=1T2;H,1?GY5#&NLI=%$2;4X-#%1Z&5OUU'PDBP8*#X.P+X0C(0/3(2FEO7=* M^<)1Y[24\@&?P\"'OZ6>WF2J 6E=)@%H:R8G(]^;E>XVA*1 M#,R*52*RRM-@ZM%WN)K<0B3^,4U7(^SES*E!!"EYA%I^.O6OJQEJZ3S4*V[I MIM4X0=>,9D+G!WMZX:(3X#; 8@1X)2)R*86C,%V#B)!-4\II;FE]1UFT'!JG M66^BHIL[7DGW0I;AA5]ZPIV176H(PQAI?FTQ+;6>]C_FKI>Z5E*@2#^Q[)B2 M10YM@BDEA^#5$!K+*S7J4][.((C85+#CK&PNSH@Y^,3O\LZ'>.1I@]K285&, M3M[+)9NM&,)7*HJJR I12R]E[&)M*:O%J=#O7YB+RA%O-8M4SF7"-\6&43N] MOS,_P:*R0IFV#U]\"0"]KW.^^.4N[ MI0"P$;'(+;9VQ^ $6::<'!!I%EU1Q?G',)*3MSMBA6N.U FJ% MUGL6S?% A)VH1_/',]0RTON0A]U]2SK,CB731*MB[SRJ):A96)E7BQ,*6TJ.$WE3\4:]&I#AYMB MKQC%D4OE_R NTG-=/O8[=T>1^>Z@/US0XS[I%YIT2]T5WXUJ2 M7;EB,^'L)Q)O%V3^V7AAH(D,2:G:0(@*M>6EI@2M:4*J2<\>M35AE4Q%*=!A M(>4^5;=(8I;)IJ!8,5_9L)ZM]KM]>ZR+@%R_6*2HJO==H7<>M4*-9>D#\36R M%GE_E5_1*I"_DC1@Q9TIT[;I4-V=)?ST"*3-D\I,); ]^*=1Q!$Q]\ZSV_"4G HTDF MG2T77]]E_A+56!,VN0@(3;"F/' "=^GQ'!<53F:KM]W8%YT*T>?]'HM.1EDX M'\>AVWB*#Q,^!)89X=9KM\5;LE=.VOPIBH(P>E,RFS.W*7D:Y$.I]F3+@ 46 MG6=%\&7QE-2(3XOSRP[-HDQC%AR)UB0Q0=P:!2B!2+P-8E?DO3"QFS2E*^L+ MD:Y.F4=X2]/"RJ):?E;*D8(OA4,6S8':.SD,1\4CR3!;QSL4B'0<(I;1[H=#&THX4 MA?:N\3WW[E(Q@T&UMX -7GX1#9:+/$]9>U+T RK%ZD1YJRO '5&1.MM]G.%6 M7B^3:#5'ZQD6::-^4-E;OE-XA,"WUE#T8?=:WEQ=<;.6>%2AMH%D=U&QFU@V M*MI(F0&5LL:L!A=A"MNDX:0( G1SZ_K46Z3D4%L#J=1+THN2/+"'=K31QJO2 M6(\M_1<$W!^("!B@@C?;BH!S^)22+6-* Z=66J*B"0@^P<5% S %)3(&#E:] MN.R2<;' D=/$KYQ1"FDI @!E:J<:>KI$B48Y%LB8'3=/))XRGUS:CN+ FI'&J%>(C2.SVE"4OY M"7>FB"??D8V'1<5;&2+^Z,ZX+P1OA;U 3GUIIBW3P&B9M"#]P2LY2N9PIC(I M:&9()BEJ%HMA90VI![5[I2IUBFHIBA49P1*KB.+)YJV$R:E=A699IC$DR% MGMC6F5KY]?PKEILI%H.5%R&CSOB-?98BUT*8=24)1?E'6/I"5EE=LM5:]2,1 MP9MEIZOU"^R2J":K.B^F6O[13_7 .//OY76TM_ MK"^)+&*+M,AZPVGM(KE%=OH(L75 L)U]5;'U,J_Z+HFLVVMO160/(#Z"5_ S M?/@V$78O@_*JZ"H-9:@AWXZ M7;O=U>/PUG=7]U.G;P]&$VWQG0Z_P2N:-!M:7A-'J>J26W)*Y[M"KSKE^RKM MO'BOHR!ABJ1:=I*7\=,#&$VW$AN"535%?FK#*6UQG;:2;>(U.DOQDV*$H0GV M&.<>VVI.UW5D"2$'5T.K,CFI.OL>8M:@ GMI.4+IF)<1AFPMOC#EB2)H M6XYCB]%P0C"ZA;(ENT:2\S^O6ECHM1SF>Q )%*0@%[]3QBP'YJ@16VGL55YI MX:%UK4TLO9?H7LWZUE)\5>'R(>-4MI6UZQ0#5O$J$D'"0VFOS1C-R1ZZ42KB MBDBJ% [EA8MP(=3M8!XOU6$S;PBZM>0!D6/'=Y1OQ%FEAP%3W^]1<=TRLFAK M+MYP$B\Z%$8;"7QTWNY4AU:^2XOR7"I]JROH'7244-1GI*ACT(:5N].LM(\X MV8 NXE#-3E/1%2<=V>98WRTDKV&FO0E'/^A!D[Q]M;J0O.7-DM'+J\Y6DK&V/#H3%IU>1**_ R-)8$MI?*#G590:D-_,G]-J(*(ROXMYH]2'9"92"955HN.VR5U^Y#E+]8?%.53HT#@ M ;TYRYA7J06\HO:D#"J'B"BSEG&1F)S269%SX=S.(5N"'_.B0 %BH25!6M0C MJ_\;^#P'YQT7;D&Y )^%V+NO N."),8$1S&QJ$"W4HK/96QZ0U=VWUG?!)5M MJ+!P54PCO5(MF:%>[ZB-WL6=VL;)L^NF#%?+BWD!%OG2;FASP[RG&^8-8N&/ MH"5%PZ!:-(CX(U%]_?PWRD9%Y/U=--C*',-7O$0Q?P1^CDLB?,EZ_36YB=B*&XJB_9;S%+Z03(/%@&5BP#&(<#E:D+$NOM L7A@^24R(#EU<"EQK'[ZLKS5K$ ME^/?T2]?RBLX*<:P5W?60SI3IUM-&-\P1@\A\T&]\@3I5L+,]7Y*%8H5A[/@[?,&V^/9:-+SK!E4$:Q2ZR% I!TZG6YG/[]W[\DT?DM8\NW M[S!.Y]/LLQ)-=.$[7W/ND>/]9[R"A//Y!@3\S@NFW__G__Z?_\[&D0J18FI< M99?]V1O$_N##%S[[V]G[*Z3$_]?_Y[>K,U!XX0N Q/EU[_IZU.N.>X-W5U?# MSJ1W?36>=/O7U^UA^_WDHGOV/R4NI+*&1ZKIGSV%B64,2Z?B(DOUWP2>(Y-# M%,6PH1F&&S2R-*OD4Q)[7-CFE\ 5V6WP7'?>A@D;"K[4WM?BY/PTC8,JKZZ> MJ[9BJM(R":=SNBK#;T'@8,)A7N8W3[)P*WC7?E*:]H=S#%2(B%L3Z<'G[H]>ZPK]X+*R7L>>IG@K-3"DQL1*4_O:;+Y\.RSV"":/O@> M:JIZ$BR-^-O,8Z1K1"%><3^FZPI1)=[,XRL\BQBSC5J]EID&VJHD58IC+6-K M16JQVKR;G'!F+#'J+4@BK"Y][VN4OH..K:_\6$'Z4NEHZYZA(\F707FL$)ZB M+PBD.]2VBRQ4,2][D_)\,$1#QTH+,V:]H41\61C?8A]BK&2+^Z/[BC3]/^T# MHV^_ [NM2<:UK,^ABS:^+&.L=JI0B1R+Q14OGT35.+S$32LIUY6:\CA O+"! M@U"R_7*/R+ZRM)/8A.USRV/[I%PR7OY/A(A/I(RU[?".;-N9] MB:>N7-;HH7C]1"&ZM7AW?4^55="K*VUJL.D",0<"Y MOE"6%=KC,/ L3!$3:$-W#4U6PBG_.,!\"&1/E.($(HFN@5,WJ8<-(#>T$Z@O M[NVNH1.\R2?_5G0YVL:SF9Z:QV?QV_*IX6=U&MD\=.VDLX%C4;^8>YY\YF]G M[3/ZC.ECZ>>G^V3A7&]=7RR2)7&0?D$Y=^*;>]>)YV_'W59[..R.AN-VK],9 M3SJO?KTA4CVGNLG+B+]-_U#AA0,KNPBSOY!V<.W^W\[Z9Q8&(]#?G>S97V(G M_S.L'$%N5RYP\.K7PD#Y!)6#EM_O///UWD&G?P0D=YAN.&6>/ 7!37Z]8=/O M(DGQ7$KCZ93SV>S7 JYV2RQ'_2S9DOJ5P!3\YM'U*]111A&='.RSU'P?I/?* MHZ@&VR[0V0CJN@#I)UW0>12I'H#2CL @E-,*C4G''H_6ZT;I!DE=#A_?NPFM MJ<=9^+Z8?8I6R]&!D9(\& M75U45)>3?A%B.1%1+0+A1'S6/BA(JJBI-;7\89$KP4K=$%K!_**D-[!'8VVD MMS/8ZH)7+R_@.HVGS6\B^Z087_\21-HX6NRT1W:_O7[IM2=JK O"&$&Y/]A^ MK+KJV0LQZH2GQ%QR9SV,M@<7E^W*NRS=!M_V #@UNCTN\I1Z['0:8IB[TDS$ MR,MM[BKMB9&6-9*6QZ*[%IKZ8&#%R^BO1V1D'I12C95Y E;F^\+5<1;4Y_.L M/==K%EMX?Y]?O3^<0;HS!O8 YT@P8M6;:+T*&YXMH52$VYZ!EU[H%'Q?PPT M=4$&C:SJ%XI%J'K^8 NK?P1-&BRF]&7/ROF4@E5#GM=*JZYTH919;6! ,49X MI7S]&46Q31"."<)Y]'43A%,7@5/4Z[*F 17\"_6[P5[4.Q.X<_2!.QMR,$S@ MCG'5;NK#Q\*02N-DS"E/)S'>VBT ^+IO=X;Z8N6V!$^.2 TRP;>69,:9^P 4 M?Z-.*%A$4VG!E/=\K[4SJ/82Y7!>HN/0-[IV>[Q>8OO@,*L+^AB_T@MF9J4U M-:FR<"$AJ^1BDFFV%9ZE=7_[(0H9&#>.<>,8-TX3=*_/!49B'#/&,;/M/5MU MB0_CF#&.F0T@_!T+>E//F3W&ZC3/V[*AZLHS.:]QIYRJ1#^X__-HHM_T^CV- M1#MZB:;/<7FZMPW[=+B9X/"3O$\XOI#39N,*8A^@;'QX:[,13R.7-9<7 MCS'=M$L/]5M/^6YUS<\H+YV^MN-=YMY#9&M547TM#4&V:N3Q2.N/B'J%K+9H M]]&[Z$YZ@W?#SF0TOGQWT;FX['>QW#R8C@>':S=1YU:9QQ!4Y"U.'19 MLU&VXL(6J N!L^NZ4-JT+PXL)!O;NDE<#Y<-9,I]V=$J;\Y$;=MEOT2JX!DS M_];-&R>*5EUY)IY=Z'H LUP6+5XR@K>XQUD?$R-$2V M(2+M-P_^[0$@(("(7^#_T[U3#T,EF#^)83O4CXSY:GM?Y%TS& M[]_R7TI%* MU/X%$7F[@MDKP)AE 8BBSV481E$ G"5.V\W2(:8QM=CN$0!!&R"X,G5'-]AB M2 *D4'F5&#&L0/3)E!5,U5+J-*Z%6Y80JSQ^ +O2W5WM8RD*(&=UJ FD(?:; MA)W*S3PVZP>U$>>CJ"7:7677W8J#ZWSI,6RFD;4LES"3?>J"A;XF*/$\Y.L7 M93L)&6P"@JT3W3=Y<6A<.&X UKQP >IIXTN/WX+@*;31+**4@$89D134Q7(OGLJ\F96$L4=I, 4(+2M*,%>:Y$\.'5=U%]#EL'&\U3Z26-[S]#%CJ)9 M9^J\\]Z"A=_A>'^UL/M8OO7U\TR74-IOF*# B>Q);U*ZH(?K1-[AO(2$8/I-(&M@43V8 6>: F= M]>\1Q=]AJ^I>V0UVJ\-6I]P+[L\%1"HP^D$(5+1M3;N(8!/$A-K&I3Q<3B&_ MD&P()'PA5"35UQS0292B[)(Q3 %<;DR]Y8!V?W\<4XM,&_# *575$T>E% G+ MN A#,>#^9TO.M0EPNRY@R\FMI9=$EFA@IQSCS/T!KR+?17#S>\SK6LKFM!>5 M!Z^L5F&V6ZT7:^;[Z5?K!2ILY,?<=R@YP\_Z0)?Q1&R' %^U0%MM8"#:*J=S M4-N]'&! $B!!W46RD*A6 4$Q62J*:>OB&*N!# ]6 6O!5EE3Y"F0(SICUX_A MO' ,@O:%]I%VV'&5]MBP+]'.V0.-FW/1()O_X-,DQK:?FX87JRV>=='H27M@ M1Q;&4M*6 XP,\\%;,':XXA7480_I,P.SQ>&\4$3)(:*YI=7:-MYPU&R1^F* M/5C4U^0F L9.+2^=?R5IHX$%S@WE*A5]+!-G0S+_8]?T;F[,L#YDOA DQV< ZS MAO H%XB$U]ML1'F+A1EUU$V-GF)/%:4CC*1BV([0?"5[7+?QRD,I8PA2%4K4 M=.V^7#")]&$-'A[IKU&].I>>TL]U_&YT?7W9OWC7 M?S]YWQV/KOJ#MG3P7+7;5]!!J!+3H3\4^-*77^!@@0DB>>+OQ^(!2M69 M"+F_-8=E F?R7-B\2CZR233#/BSN+4E4$*9)Z&IL)*710E[ EW/2<5$A*QE6 MR INN&C^Q?-#%FU$4\L?;=XE&&P_R%:,%#[14C&!!I':9(0>$+SS(-4S-_;8 MCX+^/65+1#KL*\3#._).2&DJ3&(O0$])VBWTR9[BK3A$@:6@'28.&=\+9"M) M["F]6Z_H(7"0BT$'F,O[B^YDTFE?]]Z)7M$7_ED)6O]HY^+ MQ<6F6&MS;.Z2I1RFX&3J<3YW5=5[/19&B/=+J3TEB1=UV2BY^1>IKP%HU?[Y M%)U@GFBH5_(:"CU;6IF@V[EH%:-S)L1FB62(H>H0!LGM7 _'[+8G8RT#V=DV M8?,1NCVGM MLM[7,W/ZD.SG2]BN;XBVP'07P) 30&8RMIY&K*@UJR?:0/1<5 M X^A5HN9/^C!1\M=6L8QV6YHK]FH^CI\1GYV:;#(F7]/[>@XUZGOPMIPDKW MW<@5G_)%56=X/2W(#X=*VCIQ'Q2/-+8@!FUN"?S3O0/#OL(FWV70/_2T8%]C MOO>LXG;#8'\ML%]#*^6#(W^377,?Y9W#+,'&L:G"D:DG)=,LOW<05QZ1S+M^ M1CB(R7LV><^/OMZ O.?CRM#X)TA#ZUK=,M4Y&KT]Y" ^ L*'P;;& M<,:[P6V\V0^RN7FY2=';P=SOK-L\)M7>I-I7O]=IVWV3F+A?SG-T#.8I*77' MFUT_L7N]OB[*J@J^'*\P&MN3 MBJLE(XR,,-I,.4]I^7R2PNAIS,4(HQ,71M_@)\YF57G"ICI+%0<:VYVQ-@O* ME&=IAE##G)V9%]R_G;N.PS<'[^T$VR>[DNM5H1,7D8[(_]K$"JDY1A@AE4=-43X$Q4C,#AB>\].P M;0_&FF(<*2HWCC'+ S,S13[V;<)"YL>09YEO),DAK RR6<%Y*MB8FK[A3 M'JG)KK>)ZW $>61A-&26C2ZS._D=Y0NGL[6LB_@X^<><'3 6NM^V.Q7.C%WY M1)#$4MUWE\,T*[)WW:]) MYM*ALR)5D"+U(S"/)>D'ZT:(?&(JVT8)H%,J81()":2RX\6"AU3'[8;Y6,GD M(GTR$VGT S'13+@ZJ3A]#WPZA)>O^#*(@(P^^(#%)&\O@W I"=MZ#:CYX?+L M#;!>9/ 'XR)531EV >XC^>A5M+Z18DN$+2OJP6-_L9 4L@^R5^PU,(AXM75U MN\GEN-L>7+^_&G3;[Z[&@_;U)"7SZVYG,CQN,B_3P,\1>M. BX.Y"!)[RGQ9 M[Q8+2;A$!UD"O.3PG[+,M\\LC-/.O50!![!?:G"44X:B!*MF>%1J+M4=\IDW M%NQ22U1M>$@.5KF84IVXS8L6527S-.<2T?_UX?JQ$@N5*+T=KJH(?L5OXMWR M;=N]R\O+P>CJ?;_=[7>N!\/1I"?R;3L]^*-3#W36*:3JDV_[#A@^(>8GRNW^ M@TH/?A:E!Y^[J.JM-EGR9M 2F?"E0HW/-P8.H>EK25#3G#5$-1RB..6(63/ MAN+*!D7T=U@D;E$H" W=6Z4+@.E!J)\Z6.2[LBW03F@5\KO NZ,$=PEZZ::G%8K3+$/'TJ6VG+,I&80!?A2UH6\O?$6^4H MBTHV>I8)BH"6<1FH^=H$[VGKJ MO@B^-NE5]UA\68#^-![K6U:Q<(4MRJ4E?EZ7-RLD++I8<%FK4IOL&-F#OJ9+ M3GT0[H TZ^FJYE,$,(LS09RISJ%L?:)EPEZKT].DGNKC :V^-OVT6&AE8\.& MU[^CJ,VY8]=22HV^R2I7%54KXX+87:G6I03\-.E,[,Z@=CQA/!S8$TWWK&6F MH%9!DWYO@<6+P %],:%Z^2S%TB+?R*S;&9=="=2;:%%\#?X.R<>&;90;JE^+ MCVM.H6\\7%B_!\QOLC_HDU]196),'*-3C"P0U8^Q\K8N4;>AC_1.U);X$9\F MA(9X+%3)=).F)IU(0F(HR&9;UI]%#Y8*1) MGLKSY"RD^O5XG9JXT3QM8$SRI:$5Z3<(F,\ABYC#Z&JOX3+F(PL!S[H30O!> M$3?=*$J>)E8>N3FNN%(5P)7UR.B;^T*)LH<*?O;L7D^3E,)KQ^S6\;E7&8>$ MPJ#5U24U2B[[CVQE]=KD9.\(HZH )!?#H3V,.@7>36Z!FQ7JJN@D$#%AK!!T M&G)W<9.$D>CKD 5\YJUC+J7_^6L2+D,WXK9U$;K_"7SVM)C00P*_5C;=(3>N MT8$7IXB% ;(,S!Z/7$I/$7,'Y3I]>]1;SZ1^84-T8 _V8H8^VYE")UM7WFG( M]]E;?)*+Y]!T6CO7&M#I:*R+<6YP%U$-9[_D$8K*3A\*LVI9[W-ZOF?%IK72 MOU3E>Q(-;TL^)U*:LE[%,PY MY@K:]:IRTO2:,:9@]E$4@SF&6B_C"@^SJ0EG:L)MYBZF6C;1S6C]MM24)S52 M>7-Y4E,K^^'RI$^JWVH$T5^=+/=.GE6/ _MPUVI'D MC1%_+R3^'@;<0:MJ-T(B-*/D]CY N0]5H[N_S@)/@6@C,$^C+E+S8MW;1P'4 M8KEU#=H(^4 MPRM6S!-:XN6OAM:P#>?GNXEU- M"N<=.-\ET[TE6)N<\W))M0K40N4B?Y(^4-R5!10=<5&R-2MU0#&/604$5+\( MR>$]+&4I,K?2!')\7B,GB>5*'4FQ%CLC!D_FU:VCM6R[3; M:5%NBLBDPK>H8\H*X!Y,*:IW9^4Q:;RLF+A:]1L+YM+,^$A>^Q)>_AK#/V)V MK-N&D[S'25K6^LG(P#C,&9Q9T3Q8+@DJM%H$QA+E]Y8GY;FS++XTW:)(1GWP M>-),/+:$^7Y0L&HD.-]L)J)O\SA8>: -)@X4 (0>*:00K[.JJDI->#?2$J>W M_8X+8GQK&!QO=-^XVVH/A]W14,;X=?1%]W7U1/<-GAE>]\3WFV[1'\1W)D03 MB96].V:/"X2=W"MRGO_9&>1_8[6^K:&J!UN/#,8E%V^F >EV;1X'M/:'D9O- M^L?LLX>,KZ*9%KIW#+6G#]3/)FWK\;_< 6EW>Y'IE+M5/Q^/W[WK#WI7%Z/. M]6#TKOM^-+Z\:%^\G[2OW[_K="_J8<3IM-FT5S^O'C4_-TLY.%*YY=%9^=GM M9PE-MCW5&L\AIB%AJIS(@T%S*>1S=*8 <*G2A]+3";5OT 2_BZ6>XY^%-V5(Q/;45"^EK2GE.T_E$:5NL5=N(ZFJ4!PU&)A62] ,P-E,ZB K-D<"> MWKB2H05[QRHR3380E;LA+7]]4TO3*V"ES+D29)N *,84?H%$MVZK/VQ/>J.! M/ANX,]1B!/>>F:/6/:4,.#7/HYV*/A\D?/P:@RL?6%Q>MM@PQ^&>;U;/SZ*$*Y MC/YE]*\]8!>5D/L+J[=M"[_&)[,\%V1?F1\SZV/@PS:MSQZ;&L9_(,:_WQ2[ M%T,H;"X\>AM:#SY/73CNL'[#6NH GP8PFTNVK!?,#$XUC3_W6_J8 M\T[YJ@T@L_6F#H;(:D-DVBP+W935Z?XR^>6)1,,J1.)N@]%AHIV#Q%@#\68,FQH.)74UN+KLC2[>3WKMR6 RNKJ^ONCW)Z-Z!.$?/)/Z"0'TQQ3J?NO# M[Q%UOE"#IV6Z\%3-$,[;841YKC UIQ,-ID3^K3H*D''.H43/JG3N).)1N3OR M/7)"WRERQ,AZC<&B>4>=L^);^8-G;])EB]A86#WVM:/F%IA,S"/9LM3'7J9! M"/MWDBFP8YB#_U@2N>$#S $- =Z;>*LUV5)\C:>9Y\"S^3)M&%@\5F(Q(7 2:NS*X G_-L#Y M_IVP,,9F0-A+R(V*'5=$IR$!H+277#2'U>,&U9T+ M!7 9N&V4,/ZM0&5E+'PH2_&0+6#R_ [8=K 4'_P\W.3G1-A/R[F=0 &,NJ# MG LUE%CB3>LU9HB\:7(F@0C7BD0#W-< *@Y <-X(;!%];^E -A!A$<#X$N ( MK)]PZ341 /[Y!H_]=3![DP\$I "GP)L,NP^$("JM*/2:8'\MS+,APA=1=4UIAX5 MRCY@0*A@>+NK-@_F%V9ZS:<9<@8X<)KNBTBIHDH37T$SY.^P&]EGMJ*5/46[ M&;T?CRX&%^/!U;!SU1E/!E?OJ$[,=6?8&UY?7-5#N]&IS&A/,:QHX*7.L;E9 M%YT<2? _?3<^%QWE/@.O-RF'#^IA5-;G%7C2;?=[EG7_TZPD?$''R-M$ Z(F$W'H,T[LUZ?T8_X-RC& M+(GG04BJ/F+,;.2_RWY"],P^ MW 0^*O4VRB-2-V$]$G?3\0&@+@##L3@L&803]9^F$0D#/WTFQA&A;IYFW_KD MK<-,-OB2_Q"RC3+;:'*JTJ3!]5'D>2_6B-&N/! )YM^_?4@!])J\1#/J"'K# M07M_\\!I 2I\O?B"YA$"N7#&P'H 7VXX]P5*8(-1;.A)2)+A#P#9\THO9DF)AD%V*=,3I" MD9E\RWULF@J640J.0K=5A6!28;6G*@[[I3@2-*V]J;5:GL64&<(<:X<X0B<)4T>?$ ]ZBFK41D\YU$:T M-8#6TBW^":M>[VRSRZIW)^$M?!?-J#S_EEICL,72'-\3E+C>#?X MC1]P[59HM":DUB"6!L1:MSL,8AG$TH!86S<];;S U Z]4Z]IHAV@=&??X$K> M]>5TS2]!H1W9_D%?<&=;I]9!%W*T7T4LM[>JT1 MPTB,U#)2JX;(9J26D5I&:AE&8J26D5K-038CM8S4,E)KKSWMCK-]X#N9BLAB MZX;?NC[E2@0SBMG2Q:BU@O(013ET1:.RU!NQ;5 M;%345D+H49PS;,RP,;$MVZK MK:]\8:.QQC"PFC*P$]0K)G9GK*U,KR%+0Y9&KS!ZQ2$9VZFX=8FP8V/ZO M3HKDVFG\I MR!<@M0.5',!6>+J+#10JG?26/RPG2+ QQW-*G30C[G4?/I7'H'D24;#FHNWP M\*D+[FB+NV^2AFTN%PTOV)=):N2SD<^&)FM%DT8^&_E@^;WHOV]0ENQ0KY,N013$4-[(E- M6'$ 7T^Y>\>M9!GX%G:]=[%:L@_O8F5[O,K QR^#!=#IZN<(2':Q@"?%R+,@ M?';_=5HL3*AE'&7'+0LA<(=5M=-=J."X9Y'E\)B'"S@ZQ[I9T1,+%G[GL;4, MW>EC>X<_\%>'Q=F3MUA$0AU;*NR-^LN!V4?;".5 M73]WPBWF'P[\E2TE=UGU[BQL$S-2WBGH^M+\&"K2G HK'U9-(:MP?MX;C;!9NH M/1Z\2NT5.!./+2/^-OWCU[+FD2]1O?+.8R4ZE0$,V]^:BQ5V>Z;O>5/ZGIN6 M]>;HS-$=^N@:WSSY^?:*YO;)IG=WE49K7'\&L30@UKK=81#+()8&Q-JZ%&CC M!:9VZ.TY*O[TFA*2H]0P.OV,SC3 - TP=:WMZ!I@&D9BA)816O7#-2.TC- R M0LLP$B.TC-!J#*X9H66$EA%:AR\]VN3+.'I/R?N_X;>N[U/PG.;L_]-KU]?I MC^U^=[QW")I\A7J1:NTT!.T:5+-1T33LVQI4HW%KT#,,S#"P&C.P4]0L>EV[ M/=86EV$(TQ"FT2R,9G%0S:+?&AC3R#"P.C.P4]0L^GV[-^H;PC2$66/"-)J% MT2PV%T*>M":&@6EA8/NHDMS\1FUT-Z:O4]NS(_E?DMC&0WOMOC;7G*&(DZ&((Q82 WMH:F\9DC!"(G=_3EI=;14M#46<#$4< MKY 8C>SNV)"$(0DC)'+C6F/TS;%0Q!X#>9OOFOJ+"C#J0IDC;5(Y[MC=]M:U M)TR7ROK@T*E*KN/I4CD:M(;[[WQ>%RK:M_9GB*L.@*N/9!M.[.Y@8B2;D6Q& MLAUS34=H5D))LA/B/9MH73L-/J[E^IK L5 MU<,_>6R.R?=!...N3M_DONOCOJBXZ]K#B3X/Y9:@.FVA9V3;$=^D#2>M@8E2 M-12QQX:\1R:"_DM_(^O'X&7HZF3HZG@ES1[HQM#%R=#%Z!F/R M&(([;4$T'K9&)ISV ,ZYQOOFE/*?W'>T%_XLL.(>L&(G2+!#[G/$5C,RT3N# MCMT;[,F/5P')D\A)-T+M\/"I"^YHJX+1),UXU&OUC" W7&"/MN1I267-9;F- M5#;T:*3RR4EEG96QZW*2A@L8J?Q24EES26LCE0T]&JE\/]C"%*!YKL_/YZ*W5Z?;?O7R4'MH<26\AYF*_("^(#QP?6!M M\=L>DH:F+8F/^/A;-P8\FXJ1OEY\B=XV>PF..N8/?AU(TX_83'V;+^7 9^]KU-/SP(HWO7 M\ZR03[F+L/)#'L6A.XTYWFXN%C!6-&?PI34+0AJ,+9?PM$O[MES?NL,^>GCM MDRYATUKE2L1Z\&$&WUX!\!QK6Z[TT6PW?!GXZZ0Z)/6<#V(=9>1 MK"1*=_'.8]/O:=!2>_+KU^D\\ !9/BT)/3X#)N&C'P.'>]8-BV"W">(GOCL+ M/%#E\&<616G>!![CEN?$*0:AEP=U!:SQXI64HVP*T=!V\Z5RYW'.T MK;'7&DYT+3%TH^] A9Q;(=*>KB5V6D!ZFI8X3<(0Z#*G%3TX/JB,U-X)R9%3 M,N2D2T[<$$EJZ.-'>^)D0P[K #W'T?T!.5MGLWGM,&EVRU0/"G MNOT2U7[/NDH/_O57@.LWXSLCM35L?2[C/!C] M;%W_.P%*T#+P&XGM@/KPIQ_)5%,AP*2F8'A5A;I M@G0S,TN0!E*!GZ")@6>YK@4@Z8JA89HHF>+Q8SA?:K[,F:"BB"U VF+S=$&1 MTJ@3, %% ;B$F(S-@)BL6T 4F(//9H!9Z<,EI(HD4J7!+C3NHFR&9PW,A_NG+,['K+;%$OT M*>'#5G\]%G^W%1=04X,;1R!#9V2/QOM"AA*4K7U!>=#2Q"@S*=D X.JBM+\S M/V'A*B>T(1':^@UBK0E-'PKLB="Z(WNBR^I[,4+KM<9Z&'"KP3KBMX*A31=! MH"HL%BR$YR+A&0;]\4Z:VW1 Y/:,RE[/2+H]]R0QI>]4C_%F:_(;:.,LR*IU M+4D/4N_Y FD3#BL#%^[9RX2 G]69_2!<,&]]GFQ@@=I3[GGRF;^=M<_H<[1D MT_1S!9"^N0L@A#_XO?4E6+"UX(1[UXGG;R>3UK@]: _'W>X0@# >O$IC2:9 M7&P9\;?I'[^6;X7S):K)1WD.6J-WUY7WX.+]3N>9[S?Z M]7:C5]]LV)NC:^SJ&W5T.Z6!'DW2)WT4.C?LS7-TI$\/'ZN&N._:!0^#;\K1 M.:P 8KP;_,8;P5>IL)JP3(-8&A!+6U2T02R#6"IB;9V:WGB!J1UZ^ZTVL@_D M>P2T+XV.?_IN'!E&IY_1]0RNE7'M']+AO*WCZZ"+NQ!.\%JN[5I>2]=R<1BK M^O#*# =IL+3:/F/OI1'1B#(CRHPH,Z+,B++:<9!ZB+):<1 CK8RT,M+*2*L# M2:L]]F]O\J4 MI%H[U4"[ZM1L5-16HN91G&L\"ZL.838,S#"P^C"P$]0L-J7*&,(TA%D?PC2: MA=$L-FL6E2EHAH$9!E8?!G:"FL5HU+6'O?VW73>$:0C3:!9&L]B'9C&LJE=H M&-BA^M85B+/3^,N1W[!*TR-7A_6L[6VZ#-=(UAN1?L1-3PU=&+JHD:IKY(6A MBR.@"R,O#%T8NC#RPM"%H0LC+PQ='#JNM_F^JS1\6YOW2NN-16W$SNO^V!ZU M]^\S7D>4_4%).RZ]J24.G:H(VQ\A'IKX!KW69/\AIG6AHGVK@8:XZ@"X^DBV M3K]GC[M=(]J,:#.B[05$VVC_,8YUH2(CVHQH.Z1HZPW[]MA8;4:TO3CUG:)H M&[;&^\]LK@L5O8B3\LA\D5]+#=N4GG3:\&C?M7./[&[L,7C5!77VK5D:$6;N MSD[Q[LS0A9$WFYOIMNV.QMH/1M08DCIV48/54M9[5AHA8RC"")GJ]R;V9- Q M,L90E)$QV\H8G74SCH4B3''/K8I[HM=-=UG/ L_M <]U@@3[X*9,]P1K:'1[ M [NOL8;&SB ^B1SU!I%Y[<2D=M%8^YN<6M31J VG0H/5!*@83E,K$];I0(0]I&B3!*1%-KA-?E[ VGJ2FG,4K$^GNZZX0;)<*0ME$BC!)1\VN- MVI_].6Y\]YEO4DO)M,_=* M[_T)XX96/.?6QCV^/OO]VX?/9V]LB[/IW&+W+'2LD$_=I0N/66X$_XL2[EC, MF@7P>C"S@B4/60R[L)8LC'T>1G-W:24(+#F<@-S9&\OU:?9/V1N?\S=:UI_+ M0/P>3*=)&'*\EH+Q(XP,G[DP)[^#-406\X' DYM_\6ELQ0&]$<%PT8Q-8Q>& M@'?8<@GGB:AOW?&(IIH&ON/B[Y%MY8NR7K-9#$"!7X%91/BZZ\.@G^3O;RP6 M^#\6M8WI!2<:\%6@!93+W%@#4$\AR_" M[UP0Z@\D!B03B9@\O'.G_%RL0/S0:C#/0!B4=JN 'XG+0FU14*'8NP7D[09. M"D[!0PHG @\0UP$B"IG_W17])!78$Z< ]A31]P%P9SCI. E])'@ZK'G@ 3,# M^L6WSK[1(U_H$> S2UZB3($^(?<8L3K)-=2WB&M8J!8L\<\EAR&^7'_X!MR" M1=:"LR@)\4 %*25@0@AC+;$#:^ED@?L5:4[2*'#7],E;+*DMJ&]])9MQ$4\8>3TR M:J<\+HUI)1&B&K,^PL9A12ST NNKNT@0+>"%1>!P3TPL%E>U < '#Z2G=>\" M'XB+CT;Y%M;PR'J-7+62<8"T!<'*0+ NX#M SEG@@?5%(WU$V7/'0A"S\/"_YT C-UX9;TF.0]3 %?F=AE(;W"'L,(5TKX3 M+$"HSL)@8>$9"KD?RR-'?AJS[_C'2GYU&W(6$[N!O?R'AX$XKKL C] #^9Z? M@6 848H)@@54G:B8A]@2C"R.3AS9/2_@5,;#F.4%P?=S-"0RFL=E\!^@J^"3 M,,@]H$>H8'4135*6>09,##B24^*=9WA "ET1LH&.$H$@"UFJY= NW>@[P(]S M,1F+"E1$^-]D\?/)UZ.(_)WY":!<[GSHV%:WW5EW3.\RN%W IEO1$4#/NOL3 MNU\1 KO+4 6VC?C$%!PI<5HM$_XT[K7ZFM:.$CU;/U)_3+H'@!EX#0?.XP$5 M^_B/ZT<@U;T%F0I$9ZRLF-#K(,)U'=(5**&+&Q[FV-43Z+5>?6"7X5N 6K[D MC-YJC\C6&0\!V]IZ3DS+*$5QJ9T,7I\A#[ ^"G6E8*H"ANR=/H;#5D\/BCQ M']4D -B/$GZ_Z*^'NPK16GU04D(C_8,:(0P]D-,\ON>@R,3WH.>OED(ED*88 M#9:9%F3,E1X18PJOP@+4%_YCRI=@Y?BI*3-G:.I9* =1$@//T;+/WBL]J,!N MHL!+XI)Y$P*07&&FV*#FN=.YYF;. M[KA$*P''C?01;SZQ5,UEBNKB @\+T91,%28MD&BWN@-=,$7O@9_K=YF^N=*V MVLZP->[H66[+VIO:-"+"7H\[VEUM B-DR?U(*+5HD;AQ#"BA*+_$S1[ J#ES M4F9'7%O/MW1J6DX0X MF73'2']-_75MW&0SI-:'7$0\&=,5_W6S9 LYA%!B<@>%Q 6Z&8"S)QY(ESW( MS,' GO3Z>O8V2T"'.)>,I*QBI'IVH(FQ[AW[C,W_*TB*Z3P'\+ 9%G^GU[6' M%77KGFOKD&C/_^24T#P<*Z8#B!";X9FTAGT[>$>5).]*>*C2:NKZ?+&*.*Z%7$]!MT>T1UTH_9( MDVYT<$5\U&Z--;F!&JF(ZSFWPRGBDY$][I^:(CYZ,46\/VKIM+I]>U17Y,WX1#:^'#8&NPON,=H MXUMJXXG/&Z>*=^Q!14^^9FCB@W&KM[^8S]IHXA^98N%U)XA7FFSO@RGA0WO4 MT60S/9"4<0#MMC=I#36Y:5Y8N]TG5CTUG::YNFV#@OZZL%Q-<6:-%O>$G)3T M1#%I%/@$& /8"<^)+"-,[KV3L,?/?N!7!.LH46U8QS;2%.8OZP3(BB0$"H=/ M Y&*\Q83X0^2"6 ?;"/:'/1$10=YY\YF]G[3/Z'"W9-/UM(?C;G<(^QL/7J7%>N!,/+:,^-OTCU_+)3'R):I%M_/:ZYW*2NG; MU^T6*^SV7CU>N*.R.HAXO]-YYON-?KW=Z-4W&_;FZ!J[^D8=W?/;BS:YRP%] MO!?"]";P'#G0L]J&#!]KY+OOICP/@P\32GBH &*\&_S&&\%7J=&:?C0&L30@ MEK:BU@:Q#&*IB+5U%>+&"TSMT'L>\CW:]WX/R/<(:%\:'U_4:W'%S':7E^ V_=7U? MUG_7VGC\]+IY];I=>U!1B4&[JL#7J=$ET:Q<(H%AM!->JUNNNYCH:!&096 M'P9V@HI%?V@/)T:Q,'199[HTBH51+![R6(S72T\9!O:\KN7/N#(IDFNG\9\USV0!.#5J]G*,)0Q$NK MO+61$OUQV^Z-UFN0&9HP-'&J4F(X:+77"XD9BC 4<;)2HMNW^Q7U9 U-&)HX M52DQZK>,WK0?MU2EL[WYWJF_J "C+I31>D51&TGSNC/IVN.^-K?5HU#*T61_ M8-*.26]JB42G*KKV1XD'MWPFK8DV_]A&L-2%BO:M_AGBJ@/@ZB/:NIV^W:FH M(F]$FQ%M1K3MVUP;M?K[#YZJ"Q49T69$VR%%6Q]$V[BB#8\1;4:T&=&V_WC] MCK':#NNB/#;?Y/L@G''7Q,ZIG&?<[72U"?ZZ'/2^-4,C@H[XSLO0A:$+$Q]A MZ,+0A9$7ABX,71AY8>C"T(61%TU!GF,A$E,P]C3=_FS,XA/(O.[061>.\FI75K6_K:D%M4I:L.I!MU6 M;_^AQ74Y>\-I:LIIC!*Q_I[N@MQ&B3"D;90(HT0TM>YV7<[><)J:*X<3>=60#NUV#T# MO<*QG"2$)=)S>+>%]USP[16?\L4-#ZU>Q[:Z[4[7B@/KAEMKX-F)?4]:PY&6 MD:PD2A?_S@/.=?YU.@\\'LGCM#Z'[A0?^!@XW+-N6 1;2Y;P [XQ"SP0X_@S MBZ)D(1' N@L\%KN>&Z\09%J6V1VTQH-76H:R+4!"U\';R)7+/4?;&GNMX437 M$D,W^F[-0LZMD,5"(F6_Q'TL^ MC9&2>;B A3Z@(NXRS;KS8:?%(NN(6A:R((68@,1"E9YP2R7TO>WBA,,'4 M"XAK+&%HGG[I2$2]I7ZHN%#\MH3(^5 9$W&Q RJ/X@S3\4L]V+Y>-G"78+@ZZ]PM'\$,==,514I=+N;@]6A?;N,1ZH."$B'A]'/UO6_$R!*+0._ MD80'5,C]B-$AP(>%&\< 8+99X5)'$4 \$A24:D MBPD-1;(3_H.'4S?BDER1,OV$5!,XU(WO"KXB)H.)HV2*"(%A/*@"J8]:C8#DK=N 8=@5C"- .G2AQ_!MY9U@U[;0!(GYFW$- MB?#6HUAJ37CZ4&%OA#<8:EKARQ/>L#72P^9:#58O/VDBP(],(;Y>FZA/#W1M MU782&CT@A2;OA=VNJ&&^$S[[@7_^[X1Y[LQ%M:P*HX4%1K:)HHUI0^A.N]5> MCPS::3.D4-Z[H,/>H06HBTM7(C7WLG5;[7'=O6RCUD"C-ECA9=.ST+'PBYV\^/Q6X -TZP8F^6+!0G@N(C;! MIC%0G. &1;& /L3T=B*2UQ//A:B\VI1!%+1WAT^#D#P7;_&B:Y.I*N]#= GM M0VU$GY:/!'/ 5>LA\]VO]3:1@?).(<2B3$OX61W4#\(%\];I+QM84,>4>YY\ MYF]G[3/Z'"W9-/U=>+YV\FD-6X/VL-QMSN$ M_8T'K]+X(C@3CRTC_C;]X]?R+7Z^1#5-,$\@[52F>VZ?:2A6V.V]>CS6H#*@ M0;S?Z3SS_4:_WF[TZIL->W-TC5U]HXYNIX3MH\G+IH_"ZP5[\QP=M0^&CY7W M+ 3OKD?A[KDVPI3C);,"B/%N\!MO!%^E1FN*:AC$TH!8VG)D#6(9Q%(1:^O< MC,8+3.W0VV^IH'T@WR.@?6ETE.'#AM7I9W4]@VUE;/N'O/3=UJMUT,5=B(OH M6J[M6@:3U7)Q>(WV\,H,!S'RRLBKFF.;D5=&7AEY93B(D5=&7C4!VXR\,O+* MR"LM/L,:52DY4%7D&W[K^CY&=>FNC7QZ!8!G:9B496D:NC2T&5]Z-(H%D:Q>+!,LK&,# .K M,P,[3<6BJNZ,H4M#E_6A2Z-8&,5BLV)16<7),+ 7ZR-9)-=.X^]*?A.56%Z2 MF=6&V#84DCGQ_JLF5N%1^&P=&;/GM)8]R)_*2B:&(@Q%G*J0>*CFK:$+0Q>G M*BD,71BZ,/+"T(6A"R,O#%W4P%-5Z7]OOL,J#>'6YK+2>G%QS&+GZ%OOF2NN M PBJ_9&;(3%#8L=,8D:*&1*K&Z8<&8D9*69(S)"8D6*&Q R)-9?$C!0S)'8P M-^.Q^1?3GJA.VF I[PBK#;/V7?SVV(3=(_"J"^KL6^89T6;NPT[Q/LS0A9$W M#P1M=XR<,?1DY,R6X-!: \50Q,E0Q E+F+ZV%C%&PAAZ.GX)H[,8QK%0A*G7 MN56]3G2XZ:[46>"Y/>"Y3I!@#]N4Z9Y@88S>0&LISYTA?!*)YPVB\MI)2>V2 ML?:W.K4HCE$;1C48M7K=O4.D+F=O.$U-.8W1(=;?TUP.W.@0AK*-#F%TB)I[ MO&M_]H;3U)33&!VB4H?06?G;Z!"&LHT.872(FM]IU/[LG\MIE,N.7V(&'+CJ M^8,M3 &:Y_K\?"X:KW6Z[5=EG(.9BM1+7Q"H71\84?RVAVCYXK"N[9;HXUIG MNRLWY-,X"*.?K<]SYL.RK*]Q,/UN??:8_[:9.Z7WOLVY]>#FK& VXV%DP;F> M\\72"U:<6PN^N,$O@YD5PP W 0OIULM)1[)>GV6CGKVAAX+E,@CCQ'?CE14' MEL-A6/S!!=1AT1R8Q6+)_8AA&U*+^0X^!"-P]X[#8RPN/N#Z^'D!?T6TU)#! M4#@>$[_AB&P6XU<\7+B^> N6&/'PSIW",L];P;!3+W%X1+MAOI\P#Q88,W@7-KQD*^03ULV*?L\O4FCKN,=(Z7H.*@86\2O @@RDS A>,VX PB0&WKCGD)3S'*28%4.'0) M6R;Z#_3ER8'> ;O;'N>!0C6L5%FI?C MP@"PV_NY"XB$3\PX?"7@\(9P-(0!.9Q)R_H+!D)Z*4!%+ (?3+S87L " M/=GM;@%BV 'K3;E<6S M=QFK95T0W]8RV!4<(0(O-_MZ'=OJMCOK+L%=AK<1QH!A]_@?+2-VAA-[5%%T M>9>QBLSECKD>\4(D4T*4;=&DM;ZU9BEIL\#S@GL2FD(:) L0??"F,5 F MJ%92RJ"Z=K>932/\\#&4T!'&+,%SSSTO:0E*GQ,!Q.'3("11^!;M@@/A\Z$V M DM>CZO="*3*!(:?U4%]$&#,6R?*;&!!,E/N M>?*9OYVUS^ASM&33]'/%_K^Y"R"P/_B]]258L#4WWKWKQ/.WDTEKW!ZTA^-N M=PC[&P]>I>Y8.!./+2/^-OWCU[+3(U^B&E.9A]9V*@-AMP_+%"OL]EX][IJI M]/^(]SN=9[[?Z-?;C5Y]LV%OCJZQJV_4T>T4W7XT0>S53L_G984,'RO=LN^, MJX?!-P5%@H<*(,:[P6^\$7R5&JU)-S*(I0&QM.7S&<0RB*4BUM97Q(T7F-JA MM^=*9WM OD= ^]+H*+QW?Z+#RK [_>RN9S"NC''_H"\>Z>M5P; M-6&UKEA,7#-RS<@U(]?JS4B, M7#-RK4;H:.2:D6M&KIGJ5,^I3E6(&==:H^KT4C\']KB__XPJD]A9+T*MG7Z@ M77]J-BK6(NNS&0QLW&GU]U]6HA%88QA831G8">H5A^P$98C3$*?1+HQV8=B8 M86,GR\9.4,>8V-WAQ)"E(2_4%).R*]J24. MG:KDVA\A'ERD=5H'N%RN"Q7M6_LSQ%4'P-5(L@WL;E^;[]E(-D-\1K)M+=DF MK='^2:\N5&0DFY%LAY1LW;;=&6KSA1C)9HC/2+:M)5NWI:]:\=%+-A,R5_7> M^R"<<5>G;W+?!7>/+3_F$7C5!5'VK5@:$7;$%V9[H!M#%R=#%T;>&'ECZ,K( M&R-O#%T8>;-?=Y[='V@+"-\65*?MU#,$=\2":#!HZ?..UP7UZ^&)._JZG]BQ M77?%SP)'[@%'=H($V^RF+/D$RVKT[?:@__( /HFT]081>>V$I';!6/L;GUJ4 MUJ@-GQI-6N/]7[37Y>P-IZDIIS$J1(66K[6JN%$A#&$;%<*H$$TM'EZ7LS>< MIJ:KGC_8PA2@>:[/ MS^>BG5NGVW[U\E![:'$ELH"9B@R&OB \<'W@E?';'E*.IBW1Q[7.=]>+I1>L M.+=$,\W/23B=LXA;GSWF6Z_/KK]^_GSVYFTS=TSO?9MS"W=AL22>!R'\&%D< MJ,Q%;8++W4=6'%C+=.\QO'(9+(!45S]'0+6+1>##M B?> YD?CNW[@(O\6,6 MKJPE6X6!YUD.=Y)I[ 9^9"V8PRTG"6&3UA(6%CCNU IF,ZY\$[6L/V''(4U& MZRO,XT;92>'<6Q9BJ)\L;@3TY'#%=V=)G(2\:H@E MTBF 5,M>KOB4XSIRO:K7L:UNNR)39R=0W;-(ST+[<("]]E#+6*UF,K=J=HYL MB_L10T;4=*X] [8:W",GB)+%@@G6C3@_538)'Z)8H0_&YS?$0)%( M(B(D? 2#$B+D./#+=5ZF[!@[28\N(OTW_^+5L#N6[4,.N>^?H+3V\V?R*;WRF,T3@/\^7V'LO4WS)^7$_P[YI$ M&>\&G?%&Q;)253%1XP:/GHY'Z_JCP2.#1T_'HZVCEDS,_F:L$VY?=L]")WI) MNFSV?6XM;MA.-UB@T;B#[YE8@&./!6@$*AHVMGW[*6W]"9N-,H9[&>Y5$U0T MW&M[[C78?S96(W#FN>RK(7[4_5N0>-OZ% /R>,LF#.VVOH2JNASROL6\D>9' M31&]MJ$(0Q&&(E098=I2ZM"E:F0?[A.VOW_[\'E_.M;QE)7O84N'_;?AJPM: M&.]+ Z33$5%7UYX,3!*VH2Y#7?MPR@WM8==423*NMR>ZWH(EI9T9PPK>&QL_ M@_$S&#]#EN^I+=;2D(,A!T,.1T<.QN>V&;:?Y\R'55K1?B\X'XO,/AX#9]39 M4ZWJ)P"M+LAE? L-$'"G0YH=N]O3YS8WQ&F(TQ"G1N+L]XWD/#&_8>T(\PE8 M55&O:&MF[+ZY$4YV7J3TJRS];4[9T M8T"X_W"GNK3H6BW22$>5XFWK6OXTM+N:RN >KH3H3R.[6Y']L,NB#UI$%(#= M;J\W&-]IW:86K:E%^WQ ASQ:\FGLWG%OU= RUAG'+5:,IU+.2FDJ.B'E(AX> M8+%UQZ,8"$>6VM=-3\T@EAI2@EXTUU!W:U(7WC!*.#>E#8'T\"/7.),NAI6_-0=:Z)OZM=! MV81_(A_5A<<]N]M;=XCMOD*%U>M:8F>D$X21&GJOD?9Z74WL@%:Y7 ]A>UA/ M2/_^[U^2Z/R6L>7;*S>:>D&4A/S33.TN\85[#%#\$NGV*]+L.Z34SVRU !4A M^@;JPCL/)OV?__M__EL9:AE$S/LM#))E],&?>@DJ&3@#+,?U$^Y\6G*A,$7Y MO-E82%BHAWSAL[^=O;]"@OU__7]^NSJS7 >^8-/X?#*ZF(R[U]?O)^^ZUY?M M<7=\U9YT^]?7[23KX=#_#WQN2*XVB2X=!D4L>KZ"/P[OM*E1_\69K6S#0!=CP9:&P*]>\$U9A9$&C264)^"W3%/-"/@N42S1U1 M8UG/N8]$4S L M_$] MX+&H-R@?:"6G7AQD7X539O!4!%HUSX] %P.\"=QHSF*:ERK MPV]B?;IJQQYV]6C2K?45G1[#_R.X*UDKGF'X$LE;/LC\S'U2$!=/*ZO4L MK=?IUIC38Q=!U-17M>3PV;%>P@KKQ.HOF><"S_5=IFE5Z*+7PQ G8VWH9DM6 MCPH '"FS;AG\(QD[F%;D/&51Q/7<0\G[FIX]ZFIJMFBIMVL)^G:HBV483$%^ M1KE8I+U@4U:VLIS@WK?0Z8M$JWW >KT0.--5RB64*-,L$4 MX8\8NZLIPJ-'PD/7I>%^A,OV?*CV[?'FBX4C/PXN/SX""9]^:)D;])#$Y.&4UV 8?Z1AWRJ!7_NPC=_X#DJ!WSZ]G=??$^U2FR+]X'K'MH5.>&LKZ_)Y["^SJ# MO?$^O;[V]QZ[C6(VF]50?>[U1T9]UG6^QRL_7M#3?OY,5[NJ4>_;U3ZPNV-= MBK7A][_^G?G 4%26/]8:Z[&V3]SH'=)"!1W&P=^G;C] M/U@TU[@JC=&+%&)PBYIL_>AA-&@;>GCF0%]!4G]A,\9UG6T]O8=DH$Z#Q0U( M6S#T0N9';$J1LOI,Z\Y('SJ^B&-Q,+$'(UVA!M]48_J> VD)&UL8TL%LMEF) MQ'W6E7D19X5-A!PL>]")0:^E$.LH3;.0"LG/$:+; G:2!HNBPHT//'<9]%'& M\OE!N&">6!DJ5I8H8?TN66'=(>MS&-R&;*%GXZ^_R?&B)"<@U;)P^AGZ_K?B:X+^C?&%509A3-L@&TP:+=%T*7UT9W. MW5L0GA=WW$_T.,/U>86Z=;Y4!=[O3KEUD[@>8FZ]]*'+N3MEMT&=E*$/'C"" MP'UV$+@ E#Y]9SRT>X,]JSO[4G4Z?7LPT:GJ:+Y("#"N>^?KA,JTDV?EBJAY M)]<,%'/_-OK,0\I4>4I"2:]W,;Z^?#\>7(V[D\Y%N]/MO\>$DJNK=^WWH_ZE M22AY=-2=$TK2<[/@X"PZ.9VJ:+Y!Z_79]>>O9V_VG%Y2*,#3&9<$])4>3G8*.:G_J>CPB O>3!9(0D"^2,2PC6+@^?2:NX KK#?,TDUBD M:0+A\_14@/QDMF95-8.J)$OKM30]:.0@B6#:Z&7!_A#4E:D+@Y255ORLKDT: M.6LKR086AS'EGB>?^=M9^XP^1TLV33\_G:'HED;-B_)T*POA;E]=5:QPV'WU>-F?R@)$ MXOW.,U]OO^ST9O,GLGE3:OB9-RMW"'*]L<[P:=\49-I-*?8 HF M&CQZ.AYI:W6T+6P,GITDGFU=1=*TFGJ"2?I':IGM!0L/"-3# 7)W\JT-L(Z7 M[QF,,QAG,.ZE -<0.W2?0/N#Q]8'?QHLUGW(![2OZ@(-;273][?G?71_[=C# MT7KPQHFW@*T?'ZB=U#%\X)CXP�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