[1]

Includes capitalized costs of interest, real estate taxes, insurance, legal costs and payroll of $31.8 million and $27.7 million, as of March 31, 2018 and December 31, 2017, respectively.

[2]

These costs include expenditures for phase I and phase II offsite and infrastructure requirements. During the three months ended March 31, 2018, the Company acquired a parcel adjacent to this development project for a purchase price of $4.6 million.

[3]

Mixed-use project to be developed in the future.

[4]

Land held for future development.