<SUBMISSION>
<ACCESSION-NUMBER>0000898430-01-503197
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20011031
<ITEMS>9
<FILING-DATE>20011101
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>KILROY REALTY CORP
<CIK>0001025996
<ASSIGNED-SIC>6798
<IRS-NUMBER>954598246
<STATE-OF-INCORPORATION>MD
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-12675
<FILM-NUMBER>1772405
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>2250 E IMPERIAL HWY
<STREET2>C/O KILROY INDUSTRIES
<CITY>EL SEGUNDO
<STATE>CA
<ZIP>90245
<PHONE>3105635500
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>C/O KILROY INDUSTRIES
<STREET2>2250 E IMPERIAL HIGHWAY #1200
<CITY>EL SEGUNDO
<STATE>CA
<ZIP>90245
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d8k.htm
<DESCRIPTION>FORM 8-K DATED OCTOBER 31, 2001
<TEXT>
<HTML><HEAD>
<TITLE>Form 8-K dated October 31, 2001</TITLE>
</HEAD>
  <BODY BGCOLOR="WHITE">
 <HR SIZE="4" NOSHADE ALIGN="left"><DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>UNITED STATES </B></FONT></DIV> <DIV
ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3"><B>Washington, D.C. 20549 </B></FONT></DIV> <DIV ALIGN="left"><FONT
SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>FORM 8-K </B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>CURRENT REPORT
</B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>Pursuant to Section 13 or 15 (d) of </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>The Securities Exchange Act of 1934 </B></FONT></DIV>
<DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3"><B>Date of report (date of earliest event reported):&nbsp;&nbsp;October 31, 2001 </B></FONT></DIV> <DIV ALIGN="left"><FONT
SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="6"><B>KILROY REALTY CORPORATION </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(Exact name of registrant as specified in its charter)
</B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="left">
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<TD VALIGN="top" ALIGN="center" NOWRAP WIDTH="37%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Maryland </B></FONT></DIV> </TD>
<TD VALIGN="top" ALIGN="center" NOWRAP WIDTH="31%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Commission File Number: </B></FONT></DIV> </TD>
<TD VALIGN="top" ALIGN="center" NOWRAP WIDTH="32%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>95-4598246 </B></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" ALIGN="center" NOWRAP WIDTH="37%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(State of other jurisdiction </B></FONT></DIV> </TD>
<TD VALIGN="top" ALIGN="center" NOWRAP WIDTH="31%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>1-12675 </B></FONT></DIV> </TD>
<TD VALIGN="top" ALIGN="center" NOWRAP WIDTH="32%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(I.R.S. Employer </B></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" ALIGN="center" NOWRAP WIDTH="37%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>of incorporation or organization) </B></FONT></DIV> </TD>
<TD VALIGN="top" ALIGN="center" NOWRAP WIDTH="31%"> </TD>
<TD VALIGN="top" ALIGN="center" NOWRAP WIDTH="32%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Identification No.) </B></FONT></DIV> </TD> </TR>
 </TABLE> </DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>2250 East Imperial Highway, Suite 1200, El Segundo, California 90245
</B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(Address of principal executive offices) </B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2"><B>(310) 563-5500 </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(Registrant&#146;s telephone number, including area code) </B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <HR SIZE="4"
NOSHADE ALIGN="left">

 <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>ITEM 9.&nbsp;&nbsp;&nbsp;&nbsp;REGULATION FD DISCLOSURE </B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV
ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On October 31, 2001 the Company issued a press release announcing its earnings for the quarter ended September 30, 2001 and made publicly
available certain supplemental information. The supplemental information is attached to this current report as Exhibit 99.1, and the press release is attached to this current report as Exhibit 99.2, and each are incorporated by reference to this
report. </FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV>
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<TR>
<TD WIDTH="052%">&nbsp;</TD>
<TD WIDTH="002%" VALIGN="top"><DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">K<SMALL>IL</SMALL></FONT></DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2"><SMALL>ROY</SMALL> R<SMALL>EALTY</SMALL> C<SMALL>ORPORATION</SMALL> </FONT></DIV> </TD></TR></TABLE> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV
ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Date: October 31, 2001 </FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="063%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;A<SMALL>NN</SMALL> M<SMALL>ARIE</SMALL> W<SMALL>HITNEY</SMALL> </FONT></DIV> </TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="052%">&nbsp;</TD>
<TD WIDTH="002%" VALIGN="top"><DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">By</FONT></DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman"
SIZE="2">:<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT></DIV> </TD></TR></TABLE>
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<TR>
<TD WIDTH="056%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Ann Marie Whitney </B></FONT></DIV> </TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="056%">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B><I>Senior Vice-President and Controller </I></B></FONT></DIV> </TD></TR></TABLE> <P></P>


 <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>EXHIBIT INDEX </B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="left">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%">

<TR>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Exhibit <BR>Number </B></FONT></DIV> <HR NOSHADE WIDTH="60"></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"><B>Description </B></FONT></DIV> <HR NOSHADE WIDTH="86" ALIGN="left"></TD> </TR>
<TR>
<TD HEIGHT="10"> </TD> </TR>
<TR>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" COLSPAN="0" VALIGN="top" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">99.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Top"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">* </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Th</FONT><FONT FACE="Times New Roman" SIZE="2">ird Quarter 2001 Supplemental Financial Report for the Quarter Ended September 30, 2001. </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10"> </TD> </TR>
<TR>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" COLSPAN="0" VALIGN="top" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">99.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Top"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">* </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Pre</FONT><FONT FACE="Times New Roman" SIZE="2">ss Release dated October 31, 2001. </FONT></DIV> </TD> </TR>
 </TABLE> </DIV> <HR NOSHADE WIDTH="10%" ALIGN="left">
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="008" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">*</FONT></DIV></TD>
<TD WIDTH="025" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2">Filed herewith. </FONT></DIV> </TD></TR></TABLE> <P></P>

 </BODY></HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>dex991.htm
<DESCRIPTION>THIRD QUARTER SUPPLEMENTAL FINANCIAL REPORT
<TEXT>
<HTML><HEAD>
<TITLE>Third Quarter Supplemental Financial Report</TITLE>
</HEAD>
  <BODY BGCOLOR="WHITE">
 <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>EXHIBIT 99.1 </B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>KILROY </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>REALTY </B></FONT></DIV> <HR NOSHADE WIDTH="18%"><DIV ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2">CORPORATION </FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Third Quarter 2001 Supplemental Financial Report </B></FONT></DIV> <DIV ALIGN="left"><FONT
SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="left">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%">

<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Page </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#L950ex9911">Financial Highlights </A></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="3%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#L950ex9912">Consolidated Balance Sheets </A></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="3%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#L950ex9913">Consolidated Statements of Operations </A></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="3%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#L950ex9914">Funds From Operations and Funds Available for Distribution </A></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="3%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#L950ex9915">Net Operating Income Breakdown </A></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="3%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#L950ex9916">Same Store Analysis </A></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="3%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#L950ex9917">Stabilized Portfolio and Occupancy Overview </A></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="3%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#L950ex9918">Leasing Activity </A></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="3%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#L950ex9919">Lease Expiration Schedule </A></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="3%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#L950ex99110">Leasing Activity for Lease Expirations </A></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="3%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#L950ex99111">Dispositions </A></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="3%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#L950ex99112">Stabilized Development </A></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="3%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#L950ex99113">In-Process and Committed Development Projects </A></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="3%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#L950ex99114">Future Development Pipeline </A></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="3%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#L950ex99115">Capital Structure </A></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="3%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">
<A HREF="#L950ex99116">Debt Analysis </A></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="3%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
 </TABLE> </DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>Some of the enclosed information presented is forward-looking in nature,
including information concerning development timing and investment amounts. Although the information is based on Kilroy Realty Corporation&#146;s current expectations, actual results could vary from expectations stated here. Numerous factors will
affect Kilroy Realty Corporation&#146;s actual results, some of which are beyond its control. These include the timing and strength of regional economic growth, the strength of commercial and industrial real estate markets, competitive market
conditions, future interest rate levels and capital market conditions. You are cautioned not to place undue reliance on this information, which speaks only as of the date of this report. Kilroy Realty Corporation assumes no obligation to update
publicly any forward-looking information, whether as a result of new information, future events or otherwise. For a discussion of important risks related to Kilroy Realty Corporation&#146;s business, and an investment in its securities, including
risks that could cause actual results and events to differ materially from results and events referred to in the forward-looking information, see the discussion under the caption &#147;Business Risks&#148; in Kilroy Realty Corporation&#146;s annual
report on Form 10-K for the year ended December 31, 2000. In light of these risks, uncertainties and assumptions, the forward-looking events contained in this supplement information might not occur. </I></FONT></DIV>

 <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>KILROY REALTY CORPORATION </B></FONT></DIV> <DIV ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>Third Quarter 2001 Supplemental Financial Report </B></FONT></DIV> <HR NOSHADE ALIGN="left"><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="L950ex9911">FINANCIAL HIGHLIGHTS </A> </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>(unaudited, $ in thousands, except per share amounts) </B></FONT></DIV> <DIV ALIGN="left"><FONT
SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center">
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<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="8" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Three Months Ended September 30, </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="8" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Nine Months Ended September 30, </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2001 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2000 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>% <BR>Change </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2001 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2000 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>% <BR>Change </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>IN</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>COME ITEMS: </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Re</FONT><FONT FACE="Times New Roman" SIZE="2">venues </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$51,446 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$47,249 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$160,047 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$136,355 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ne</FONT><FONT FACE="Times New Roman" SIZE="2">t Operating Income </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38,880 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">35,380 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">123,284 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">104,428 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">18.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ne</FONT><FONT FACE="Times New Roman" SIZE="2">t Income before Net Gains on
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dispositions </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,061 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9,297 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(24.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27,225 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28,212 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(3.5</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ne</FONT><FONT FACE="Times New Roman" SIZE="2">t Income </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9,283 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,679 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(40.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30,806 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38,060 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(19.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fu</FONT><FONT FACE="Times New Roman" SIZE="2">nds From Operations </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">20,512 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">21,067 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(2.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">70,625 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">61,899 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fu</FONT><FONT FACE="Times New Roman" SIZE="2">nds Available for Distribution </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,753 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,420 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">60,380 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">52,157 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fu</FONT><FONT FACE="Times New Roman" SIZE="2">nds From Operations per
share&#151;<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;diluted </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.67 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.69 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(3.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.31 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.02 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14.5</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fu</FONT><FONT FACE="Times New Roman" SIZE="2">nds Available for Distribution per
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;share&#151;diluted </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.55 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.54 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.98 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.71 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Div</FONT><FONT FACE="Times New Roman" SIZE="2">idend per share </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.48 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.45 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6.7</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.44 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.35 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6.7</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10"> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>RA</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>TIOS: </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="5" ALIGN="right" NOWRAP WIDTH="16%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="5" ALIGN="right" NOWRAP WIDTH="18%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Int</FONT><FONT FACE="Times New Roman" SIZE="2">erest Coverage Ratio </FONT><FONT FACE="Times New Roman"
SIZE="1"><SUP>(1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><SUP></SUP> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">x </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">x </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3.5</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">x </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">x </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fix</FONT><FONT FACE="Times New Roman" SIZE="2">ed Charge Coverage Ratio </FONT><FONT FACE="Times New Roman"
SIZE="1"><SUP>(2)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><SUP></SUP> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.5</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">x </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.5</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">x </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.7</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">x </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">x </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FF</FONT><FONT FACE="Times New Roman" SIZE="2">O Payout Ratio </FONT><FONT FACE="Times New Roman"
SIZE="1"><SUP>(3)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><SUP></SUP> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">71.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">64.5</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">61.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">65.7</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(3.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FA</FONT><FONT FACE="Times New Roman" SIZE="2">D Payout Ratio </FONT><FONT FACE="Times New Roman"
SIZE="1"><SUP>(4)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><SUP></SUP> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">87.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">82.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">72.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">78.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(5.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD> </TR>
 </TABLE> </DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="70%">

<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Sept. 30, 2001 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Dec. 31, 2000 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>% Change </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>AS</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>SETS: </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inv</FONT><FONT FACE="Times New Roman" SIZE="2">estments in Real Estate before
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$1,581,637 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$1,496,477 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5.7</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal Assets </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,460,722 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,457,169 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10"> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>CA</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>PITALIZATION: </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal Debt </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp; 722,688 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp; 723,688 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(0.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal Preferred Stock </FONT><FONT FACE="Times New Roman"
SIZE="1"><SUP>(5)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><SUP></SUP> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">155,000 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">155,000 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(0.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal Market Equity Value </FONT><FONT FACE="Times New Roman"
SIZE="1"><SUP>(5)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><SUP></SUP> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">760,651 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">848,162 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(10.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal Market Capitalization </FONT><FONT FACE="Times New Roman"
SIZE="1"><SUP>(5)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><SUP></SUP> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,638,339 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,726,850 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(5.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal Debt/Total Market Capitalization </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">44.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">41.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
 </TABLE> </DIV> <HR NOSHADE WIDTH="10%" ALIGN="left">
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="019" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>(1)</I></FONT></DIV></TD>
<TD WIDTH="014" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2"><I>Calculated as income from operations before interest expense and depreciation and amortization divided by interest expense plus loan cost amortization. </I></FONT></DIV>
</TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="019" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>(2)</I></FONT></DIV></TD>
<TD WIDTH="014" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2"><I>Calculated as income from operations before interest expense and depreciation and amortization divided by interest expense plus loan cost amortization and current year paid
and accrued preferred dividends. </I></FONT></DIV> </TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="019" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>(3)</I></FONT></DIV></TD>
<TD WIDTH="014" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2"><I>Calculated as current year dividends paid and accrued to common shareholders divided by Funds From Operations. </I></FONT></DIV> </TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="019" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>(4)</I></FONT></DIV></TD>
<TD WIDTH="014" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2"><I>Calculated as current year dividends paid and accrued to common shareholders divided by Funds Available for Distribution. </I></FONT></DIV> </TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="019" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>(5)</I></FONT></DIV></TD>
<TD WIDTH="014" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2"><I>See &#147;Capital Structure&#148; on page 15. </I></FONT></DIV> </TD></TR></TABLE> <P></P>


 <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>KILROY REALTY CORPORATION </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Third Quarter 2001 Supplemental
Financial Report </B></FONT></DIV> <HR NOSHADE ALIGN="left"><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="L950ex9912">CONSOLIDATED BALANCE SHEETS </A></B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>(unaudited, $ in thousands) </B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV
ALIGN="center">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%">

<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>September 30, <BR>2001 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>December 31, <BR>2000 </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>AS</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>SETS: </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;La</FONT><FONT FACE="Times New Roman" SIZE="2">nd and improvements </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;274,569 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;266,444 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bu</FONT><FONT FACE="Times New Roman" SIZE="2">ildings and improvements </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,136,946 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,054,995 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Un</FONT><FONT FACE="Times New Roman" SIZE="2">developed land and construction in progress, net
</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">170,122 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">162,633 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inv</FONT><FONT FACE="Times New Roman" SIZE="2">estment in unconsolidated real estate </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,405 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal
investment in real estate </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,581,637 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,496,477 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ac</FONT><FONT FACE="Times New Roman" SIZE="2">cumulated depreciation and amortization </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(232,029</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(205,332</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inv</FONT><FONT FACE="Times New Roman"
SIZE="2">estment in real estate, net </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,349,608 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,291,145 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10"> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ca</FONT><FONT FACE="Times New Roman" SIZE="2">sh and cash equivalents </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,718 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,600 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Re</FONT><FONT FACE="Times New Roman" SIZE="2">stricted cash </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25,800 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">35,014 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Te</FONT><FONT FACE="Times New Roman" SIZE="2">nant receivables, net </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">32,236 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">32,521 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No</FONT><FONT FACE="Times New Roman" SIZE="2">te receivable from related party </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33,274 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;De</FONT><FONT FACE="Times New Roman" SIZE="2">ferred financing and leasing costs, net </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">37,470 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39,674 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre</FONT><FONT FACE="Times New Roman" SIZE="2">paid expenses and other assets </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,890 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,941 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TO</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>TAL ASSETS</B> <B></B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$1,460,722 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$1,457,169 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>LI</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>ABILITIES AND STOCKHOLDERS&#146; EQUITY: </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B><I>Lia</I></B></FONT><FONT FACE="Times New Roman" SIZE="2"><B><I>bilities: </I></B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sec</FONT><FONT FACE="Times New Roman" SIZE="2">ured debt </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;437,688 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;432,688 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Un</FONT><FONT FACE="Times New Roman" SIZE="2">secured line of credit </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">185,000 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">191,000 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Un</FONT><FONT FACE="Times New Roman" SIZE="2">secured term facility </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100,000 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100,000 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ac</FONT><FONT FACE="Times New Roman" SIZE="2">counts payable, accrued expenses and other liabilities
</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">48,336 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33,911 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ac</FONT><FONT FACE="Times New Roman" SIZE="2">crued distributions </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,634 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13,601 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Re</FONT><FONT FACE="Times New Roman" SIZE="2">nts received in advance and tenant security deposits
</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,643 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,810 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal
liabilities </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">800,301 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">789,010 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B><I>Mi</I></B></FONT><FONT FACE="Times New Roman" SIZE="2"><B><I>nority Interests: </I></B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.0</FONT><FONT FACE="Times New Roman" SIZE="2">75% Series A Cumulative Redeemable Preferred unitholders
</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">73,716 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">73,716 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3</FONT><FONT FACE="Times New Roman" SIZE="2">75% Series C Cumulative Redeemable Preferred unitholders
</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">34,464 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">34,464 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2</FONT><FONT FACE="Times New Roman" SIZE="2">50% Series D Cumulative Redeemable Preferred unitholders
</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">44,321 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">44,321 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Co</FONT><FONT FACE="Times New Roman" SIZE="2">mmon unitholders of the Operating Partnership </FONT></DIV>
</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">49,573 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">62,485 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mi</FONT><FONT FACE="Times New Roman" SIZE="2">nority interest in Development LLCs </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,164 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,748 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal
minority interests </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">216,238 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">226,734 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B><I>Sto</I></B></FONT><FONT FACE="Times New Roman" SIZE="2"><B><I>ckholders&#146; Equity: </I></B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Co</FONT><FONT FACE="Times New Roman" SIZE="2">mmon stock </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">274 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">265 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ad</FONT><FONT FACE="Times New Roman" SIZE="2">ditional paid-in capital </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">478,986 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">460,390 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dis</FONT><FONT FACE="Times New Roman" SIZE="2">tributions in excess of earnings </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(27,623</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(19,230</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ac</FONT><FONT FACE="Times New Roman" SIZE="2">cumulated other comprehensive loss </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(7,454</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal
stockholders&#146; equity </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">444,183 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">441,425 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>TO</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>TAL LIABILITIES &amp; STOCKHOLDERS&#146; EQUITY</B> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$1,460,722 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$1,457,169 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD> </TR>
 </TABLE> </DIV> <P></P>


 <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>KILROY REALTY CORPORATION </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Third Quarter 2001 Supplemental
Financial Report </B></FONT></DIV> <HR NOSHADE ALIGN="left"><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="L950ex9913">CONSOLIDATED STATEMENTS OF OPERATIONS </A></B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>(unaudited, $ in thousands, except per share amounts) </B></FONT></DIV> <DIV ALIGN="left"><FONT
SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%">

<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="8" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Three Months Ended September 30, </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="8" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Nine Months Ended September 30, </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2001 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2000 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>% <BR>Change </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2001 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2000 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>% <BR>Change </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>RE</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>VENUES: </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Re</FONT><FONT FACE="Times New Roman" SIZE="2">ntal income </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$44,992 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$40,555 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$135,400 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$117,627 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Te</FONT><FONT FACE="Times New Roman" SIZE="2">nant reimbursements </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,901 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,748 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">24.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,591 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,036 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Int</FONT><FONT FACE="Times New Roman" SIZE="2">erest income </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">170 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,706 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(90.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">883 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,008 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(70.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oth</FONT><FONT FACE="Times New Roman" SIZE="2">er income </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">383 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">240 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">59.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,173 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,684 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">266.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal
revenues </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">51,446 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">47,249 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">160,047 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">136,355 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>EX</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>PENSES: </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pro</FONT><FONT FACE="Times New Roman" SIZE="2">perty expenses </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,911 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,217 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22,254 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,749 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Re</FONT><FONT FACE="Times New Roman" SIZE="2">al estate taxes </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,106 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,523 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16.5</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,480 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9,959 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ge</FONT><FONT FACE="Times New Roman" SIZE="2">neral and administrative expenses </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,949 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,890 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9,337 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8,077 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gr</FONT><FONT FACE="Times New Roman" SIZE="2">ound leases </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">379 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">423 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(10.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,146 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,211 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(5.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Int</FONT><FONT FACE="Times New Roman" SIZE="2">erest expense </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,657 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,024 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">32,060 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27,800 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;De</FONT><FONT FACE="Times New Roman" SIZE="2">preciation and amortization </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,680 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9,941 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38,634 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28,909 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal
expenses </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38,682 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33,018 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">115,911 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">93,705 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">23.7</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>IN</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>COME FROM OPERATIONS</B> <B></B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,764 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,231 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(10.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">44,136 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">42,650 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3.5</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ne</FONT><FONT FACE="Times New Roman" SIZE="2">t gains on dispositions of operating
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;properties </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,468 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,288 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(66.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,007 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,256 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(64.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>IN</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>COME BEFORE MINORITY <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INTERESTS AND CUMULATIVE
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EFFECT OF CHANGE IN <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ACCOUNTING <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PRINCIPLE</B> <B></B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,232 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">21,519 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(29.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">48,143 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">53,906 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(10.7</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>MI</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>NORITY INTERESTS: </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dis</FONT><FONT FACE="Times New Roman" SIZE="2">tributions on Cumulative Redeemable
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred units </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(3,375</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(3,375</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(10,125</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(10,125</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mi</FONT><FONT FACE="Times New Roman" SIZE="2">nority interest in earnings of Operating
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Partnership </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(1,027</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(2,227</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(53.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(3,668</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(5,442</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(32.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mi</FONT><FONT FACE="Times New Roman" SIZE="2">nority interest in earnings of
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Development LLCs </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(1,547</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(238</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">550.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(2,152</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(279</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">671.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal
minority interests </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(5,949</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(5,840</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(15,945</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(15,846</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>NE</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>T INCOME BEFORE CUMULATIVE <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EFFECT OF CHANGE IN
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ACCOUNTING PRINCIPLE</B> <B></B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9,283 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,679 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(40.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">32,198 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38,060 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(15.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>CU</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>MULATIVE EFFECT OF CHANGE IN <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ACCOUNTING PRINCIPLE</B> <B></B></FONT></DIV>
</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(1,392</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(100.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>NE</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>T INCOME</B> <B></B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;9,283 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$15,679 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(40.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;30,806 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;38,060 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(19.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We</FONT><FONT FACE="Times New Roman" SIZE="2">ighted average shares
outstanding&#151;<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;basic </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27,359 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26,455 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27,080 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26,647 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We</FONT><FONT FACE="Times New Roman" SIZE="2">ighted average shares
outstanding&#151;<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;diluted </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27,587 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26,697 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27,315 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26,758 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>NE</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>T INCOME PER COMMON SHARE:</B> <B></B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inc</FONT><FONT FACE="Times New Roman" SIZE="2">ome per common share&#151;basic </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.34 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.59 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(42.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.14 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.43 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(20.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inc</FONT><FONT FACE="Times New Roman" SIZE="2">ome per common share&#151;diluted </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.34 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.59 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(42.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.13 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.42 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(20.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
 </TABLE> </DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <P></P>


 <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>KILROY REALTY CORPORATION </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Third Quarter 2001 Supplemental
Financial Report </B></FONT></DIV> <HR NOSHADE ALIGN="left"><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="L950ex9914">FUNDS FROM OPERATIONS AND FUNDS AVAILABLE FOR DISTRIBUTION </A></B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>(unaudited, $ in thousands, except per share amounts) </B></FONT></DIV> <DIV
ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%">

<TR>
<TD VALIGN="bottom" NOWRAP> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="8" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Three Months Ended September 30, </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="8" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Nine Months Ended September 30, </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2001 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2000 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>% <BR>Change </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2001 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2000 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>% <BR>Change </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>FU</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>NDS FROM OPERATIONS: </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ne</FONT><FONT FACE="Times New Roman" SIZE="2">t income </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;9,283 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$15,679 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(40.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$30,806 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$38,060 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(19.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ad</FONT><FONT FACE="Times New Roman" SIZE="2">justments: </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mi</FONT><FONT FACE="Times New Roman" SIZE="2">nority
interest in earnings of <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating Partnership </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,027 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,227 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(53.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,668 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,442 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(32.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;De</FONT><FONT FACE="Times New Roman"
SIZE="2">preciation and amortization </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,123 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9,941 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">21.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">37,123 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28,909 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ne</FONT><FONT FACE="Times New Roman" SIZE="2">t gains
on dispositions of <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;operating properties </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(2,468</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(7,288</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(66.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(4,007</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(11,256</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(64.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cu</FONT><FONT FACE="Times New Roman"
SIZE="2">mulative effect of change in <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;accounting principle </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,392 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No</FONT><FONT FACE="Times New Roman" SIZE="2">n-cash
amortization of <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;restricted stock grants </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">547 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">508 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.7</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,643 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">744 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">120.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fu</FONT><FONT FACE="Times New Roman" SIZE="2">nds From Operations </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$20,512 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$21,067 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(2.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$70,625 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$61,899 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We</FONT><FONT FACE="Times New Roman" SIZE="2">ighted average common
shares/<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;units outstanding&#151;basic </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30,421 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30,203 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30,303 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30,457 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We</FONT><FONT FACE="Times New Roman" SIZE="2">ighted average common
shares/<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;units outstanding&#151;diluted </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30,648 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30,444 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30,538 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30,568 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fu</FONT><FONT FACE="Times New Roman" SIZE="2">nds From Operations per common
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;share/unit&#151;basic </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.67 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.70 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(3.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.33 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.03 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14.7</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fu</FONT><FONT FACE="Times New Roman" SIZE="2">nds From Operations per common
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;share/unit&#151;diluted </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.67 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.69 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(3.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.31 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.02 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14.5</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>FU</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>NDS AVAILABLE FOR <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DISTRIBUTION: </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fu</FONT><FONT FACE="Times New Roman" SIZE="2">nds From Operations </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$20,512 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$21,067 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(2.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$70,625 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$61,899 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ad</FONT><FONT FACE="Times New Roman" SIZE="2">justments: </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Am</FONT><FONT FACE="Times New Roman"
SIZE="2">ortization of deferred <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;financing costs </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">408 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">426 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(4.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,188 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,119 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Te</FONT><FONT FACE="Times New Roman" SIZE="2">nant
improvements, leasing <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;commissions and recurring
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;capital expenditures </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(2,240</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(2,462</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(9.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(6,919</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(5,193</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ne</FONT><FONT FACE="Times New Roman" SIZE="2">t
effect of straight-line rents </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(1,927</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(2,611</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(26.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(4,514</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(5,668</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(20.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fu</FONT><FONT FACE="Times New Roman" SIZE="2">nds Available for Distribution </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$16,753 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$16,420 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$60,380 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$52,157 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fu</FONT><FONT FACE="Times New Roman" SIZE="2">nds Available for Distribution per
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;common share/unit&#151;basic </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.55 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.54 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.99 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.71 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fu</FONT><FONT FACE="Times New Roman" SIZE="2">nds Available for Distribution per
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;common share/unit&#151;diluted </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.55 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.54 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.98 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.71 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
 </TABLE> </DIV> <P></P>


 <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>KILROY REALTY CORPORATION </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Third Quarter 2001 Supplemental
Financial Report </B></FONT></DIV> <HR NOSHADE ALIGN="left"><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="L950ex9915">NET OPERATING INCOME BREAKDOWN </A></B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="left">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%">

<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>As of <BR>September 30, 2001<SUP>(1)</SUP> </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>% </B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>OF TOTAL NOI BY PRODUCT TYPE: </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="5">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B><I>Of</I></B></FONT><FONT FACE="Times New Roman" SIZE="2"><B><I>fice: </I></B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="5">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lo</FONT><FONT FACE="Times New Roman" SIZE="2">s Angeles </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="5">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">40.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Or</FONT><FONT FACE="Times New Roman" SIZE="2">ange County </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="5">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;San</FONT><FONT FACE="Times New Roman" SIZE="2"> Diego </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="5">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oth</FONT><FONT FACE="Times New Roman" SIZE="2">er </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="5">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5.7</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="5">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Su</FONT><FONT FACE="Times New Roman" SIZE="2">btotal
</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="5">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">77.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="5">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B><I>Ind</I></B></FONT><FONT FACE="Times New Roman" SIZE="2"><B><I>ustrial: </I></B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="5">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lo</FONT><FONT FACE="Times New Roman" SIZE="2">s Angeles </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="5">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Or</FONT><FONT FACE="Times New Roman" SIZE="2">ange County </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="5">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">18.5</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oth</FONT><FONT FACE="Times New Roman" SIZE="2">er </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="5">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="5">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Su</FONT><FONT FACE="Times New Roman" SIZE="2">btotal
</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="5">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="5">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>% </B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>OF TOTAL NOI BY REGION: </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="5">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lo</FONT><FONT FACE="Times New Roman" SIZE="2">s Angeles </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="5">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">43.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Or</FONT><FONT FACE="Times New Roman" SIZE="2">ange County </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="5">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;San</FONT><FONT FACE="Times New Roman" SIZE="2"> Diego </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="5">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oth</FONT><FONT FACE="Times New Roman" SIZE="2">er </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="5">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="5">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal
</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="5">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="5">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
 </TABLE> </DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="019" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>(1)</I></FONT></DIV></TD>
<TD WIDTH="014" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2"><I>Based on Net Operating Income for the nine months ended September 30, 2001</I>. </FONT></DIV> </TD></TR></TABLE> <P></P>


 <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>KILROY REALTY CORPORATION </B></FONT></DIV> <DIV ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>Third Quarter 2001 Supplemental Financial Report </B></FONT></DIV> <HR NOSHADE ALIGN="left"><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="L950ex9916">SAME STORE ANALYSIS</A> </B></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B><SUP>(1)</SUP></B></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B><SUP></SUP> </B></FONT></DIV> <DIV
ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>($ in thousands) </B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="left">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%">

<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="13" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Three Months Ended September 30, </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="13" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Nine Months Ended September 30, </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2001 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2000 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>$ Change </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>% Change </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2001 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2000 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>$ Change </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>% Change </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>TO</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>TAL SAME STORE <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PORTFOLIO </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B><I>Op</I></B></FONT><FONT FACE="Times New Roman" SIZE="2"><B><I>erating Revenues: </I></B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Re</FONT><FONT FACE="Times New Roman" SIZE="2">ntal income </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$34,798 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$34,065 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$733 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$106,816 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$103,808 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$3,008 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Te</FONT><FONT FACE="Times New Roman" SIZE="2">nant reimbursements </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,618 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,343 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">275 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,529 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,769 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,760 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oth</FONT><FONT FACE="Times New Roman" SIZE="2">er income </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">44 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">156 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(112</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(71.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">461 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,591 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(1,130</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(71.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal
operating <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;revenues </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$39,460 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$38,564 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$896 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$121,806 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$118,168 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$3,638 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B><I>Op</I></B></FONT><FONT FACE="Times New Roman" SIZE="2"><B><I>erating Expenses: </I></B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pro</FONT><FONT FACE="Times New Roman" SIZE="2">perty expenses </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;5,525 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;5,023 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$502 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;16,667 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;15,574 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$1,093 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Re</FONT><FONT FACE="Times New Roman" SIZE="2">al estate taxes </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,175 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,859 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">316 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9,787 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8,577 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,210 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gr</FONT><FONT FACE="Times New Roman" SIZE="2">ound leases </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">329 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">362 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(33</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(9.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">986 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,132 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(146</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(12.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal
operating <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;expenses </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;9,029 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;8,244 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$785 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9.5</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;27,440 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;25,283 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$2,157 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8.5</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B><I>Ne</I></B></FONT><FONT FACE="Times New Roman" SIZE="2"><B><I>t Operating Income</I></B> <B><I></I></B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$30,431 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$30,320 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$111 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">0.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;94,366 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;92,885 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$1,481 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
 </TABLE> </DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="019" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>(1)</I></FONT></DIV></TD>
<TD WIDTH="014" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2"><I>Same store defined as all stabilized properties owned at January 1, 2000 and still owned at September 30, 2001. </I></FONT></DIV> </TD></TR></TABLE> <P></P>


 <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>KILROY REALTY CORPORATION </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Third Quarter 2001 Supplemental
Financial Report </B></FONT></DIV> <HR NOSHADE ALIGN="left"><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="L950ex9917">STABILIZED PORTFOLIO AND RENOVATION PROJECT OCCUPANCY OVERVIEW </A></B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%">

<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="5" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Square Feet </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="8" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Occupancy at: </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B># of <BR>Buildings </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Total </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Leased </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Available </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>9/30/01 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>6/30/01 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>12/31/00 </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" COLSPAN="4" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B><U>ST</U></B></FONT><FONT FACE="Times New Roman" SIZE="2"><B><U>ABILIZED PORTFOLIO:</U> </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" COLSPAN="7" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>OC</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>CUPANCY BY PRODUCT TYPE: </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B><I>Of</I></B></FONT><FONT FACE="Times New Roman" SIZE="2"><B><I>fice: </I></B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lo</FONT><FONT FACE="Times New Roman" SIZE="2">s Angeles </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">31 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,172,793 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,776,633 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">396,160 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">87.5</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">89.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">97.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Or</FONT><FONT FACE="Times New Roman" SIZE="2">ange County </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">546,850 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">507,982 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38,868 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">92.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">81.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">73.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;San</FONT><FONT FACE="Times New Roman" SIZE="2"> Diego </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">37 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,700,483 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,661,483 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39,000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">98.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oth</FONT><FONT FACE="Times New Roman" SIZE="2">er </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">709,575 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">698,515 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,060 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">98.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">98.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">98.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Su</FONT><FONT FACE="Times New Roman" SIZE="2">btotal
</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">86 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,129,701 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,644,613 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">485,088 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">93.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">93.7</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">96.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B><I>Ind</I></B></FONT><FONT FACE="Times New Roman" SIZE="2"><B><I>ustrial: </I></B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lo</FONT><FONT FACE="Times New Roman" SIZE="2">s Angeles </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">554,490 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">539,606 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,884 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">97.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">99.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">99.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Or</FONT><FONT FACE="Times New Roman" SIZE="2">ange County </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">62 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,393,537 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,253,978 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">139,559 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">96.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">95.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">97.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oth</FONT><FONT FACE="Times New Roman" SIZE="2">er </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">295,417 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">295,417 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp; </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Su</FONT><FONT FACE="Times New Roman" SIZE="2">btotal
</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">71 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,243,444 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,089,001 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">154,443 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">97.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">96.5</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">97.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
<TR>
<TD VALIGN="top" COLSPAN="4" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>OC</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>CUPANCY BY REGION: </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lo</FONT><FONT FACE="Times New Roman" SIZE="2">s Angeles </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,727,283 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,316,239 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">411,044 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">89.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">91.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">97.7</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Or</FONT><FONT FACE="Times New Roman" SIZE="2">ange County </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">74 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,940,387 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,761,960 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">178,427 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">96.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">93.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">94.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;San</FONT><FONT FACE="Times New Roman" SIZE="2"> Diego </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">37 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,700,483 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,661,483 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39,000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">98.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oth</FONT><FONT FACE="Times New Roman" SIZE="2">er </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,004,992 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">993,932 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,060 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">98.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">99.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">99.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
<TR>
<TD HEIGHT="10"> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>TO</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>TAL STABILIZED <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PORTFOLIO</B> <B></B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">157 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,373,145 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,733,614 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">639,531 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">94.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">94.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">97.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10"> </TD> </TR>
<TR>
<TD VALIGN="top" COLSPAN="4" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B><U>RE</U></B></FONT><FONT FACE="Times New Roman" SIZE="2"><B><U>NOVATION PROJECT:</U> </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B><I>Of</I></B></FONT><FONT FACE="Times New Roman" SIZE="2"><B><I>fice: </I></B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Or</FONT><FONT FACE="Times New Roman" SIZE="2">ange County </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">78,016 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">&#151;&nbsp;&nbsp; </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">78,016 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>TO</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>TAL PORTFOLIO</B> <B></B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">158 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,451,161 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,733,614 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">717,547 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD> </TR>
 </TABLE> </DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%">

<TR>
<TD VALIGN="bottom" COLSPAN="12" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>AVERAGE OCCUPANCY&#151;STABILIZED <BR>PORTFOLIO </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="12" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>AVERAGE OCCUPANCY&#151;SAME STORE <BR>PORTFOLIO </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Office </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Industrial </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Total </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2001 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2000 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>% Change </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Qu</FONT><FONT FACE="Times New Roman" SIZE="2">arter-to-Date </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">93.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">96.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">94.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="16%"> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Quarter-to-Date </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">95.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">96.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(1.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Ye</FONT><FONT FACE="Times New Roman" SIZE="2">ar-to-Date </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">94.7</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">97.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">95.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="16%"> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Year-to-Date </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">95.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">97.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(1.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">%) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
 </TABLE> </DIV> <P></P>


 <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>KILROY REALTY CORPORATION </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Third Quarter 2001 Supplemental
Financial Report </B></FONT></DIV> <HR NOSHADE ALIGN="left"><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="L950ex9918">LEASING ACTIVITY </A> </B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Quarter-to-Date </B></FONT></DIV> <DIV ALIGN="left"><FONT
SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="left">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%">

<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="5" ROWSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B># of Leases<SUP>(1) </SUP></B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ROWSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Square Feet<SUP>(1) </SUP></B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="15" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2nd Generation </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD> </TR>
<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>TI/LC <BR>Per </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Maintenance </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Capex Per </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Changes <BR>in </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Changes <BR>in Cash </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Retention </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Weighted <BR>Average <BR>Lease </B></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>New </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Renewal </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>New </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Renewal </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Sq. Ft. </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Sq. Ft.<SUP>(2)</SUP> </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Rents<SUP>(3) </SUP></B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Rents<SUP>(4) </SUP></B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Rates<SUP>(5)</SUP> </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Term (Mo.) </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Of</FONT><FONT FACE="Times New Roman" SIZE="2">fice </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="2%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="7%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">12 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26,371 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">59,719 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="5%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$8.65 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">$0.07 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">31.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">69.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="9%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">59 </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Ind</FONT><FONT FACE="Times New Roman" SIZE="2">ustrial </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="2%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="7%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">15 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">105,516 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">92,637 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="5%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$2.09 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">$0.04 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">74.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="9%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">33 </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="2%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="7%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">27 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">131,887 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">152,356 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="5%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$3.89 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">$0.06 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">72.7</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="9%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">41 </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD> </TR>
 </TABLE> </DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Year-to-Date </B></FONT></DIV> <DIV ALIGN="left"><FONT
SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="99%">

<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="5" ROWSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B># of Leases<SUP>(1) </SUP></B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ROWSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Square Feet<SUP>(1) </SUP></B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="13" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2nd Generation </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD> </TR>
<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>TI/LC <BR>Per </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Maintenance </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Capex Per </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Changes <BR>in </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Changes <BR>in Cash </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Retention </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Weighted <BR>Average <BR>Lease </B></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>New </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Renewal </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>New </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Renewal </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Sq. Ft </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Sq. Ft.<SUP>(2)</SUP> </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Rents<SUP>(3)</SUP> </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Rents<SUP>(4)</SUP> </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Rates<SUP>(5) </SUP></B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Term (Mo.) </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Of</FONT><FONT FACE="Times New Roman" SIZE="2">fice </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="2%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="7%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">34 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">141,757 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">465,981 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="5%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$7.50 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">$0.14 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">64.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="9%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">68 </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Ind</FONT><FONT FACE="Times New Roman" SIZE="2">ustrial </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="2%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="7%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">37 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">158,198 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">511,073 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="5%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$2.34 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">$0.06 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">36.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">76.7</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="9%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">55 </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="2%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">53 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="7%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">71 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">299,955 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">977,054 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="5%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$4.73 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">$0.10 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">70.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="9%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">61 </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD> </TR>
 </TABLE> </DIV> <HR NOSHADE WIDTH="10%" ALIGN="left">
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="019" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>(1)</I></FONT></DIV></TD>
<TD WIDTH="014" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2"><I>Includes first and second generation space, net of month-to-month leases. Excludes leasing on new construction. First generation space is defined as the space first leased
by the Company. </I></FONT></DIV> </TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="019" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>(2)</I></FONT></DIV></TD>
<TD WIDTH="014" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2"><I>Calculated over entire stabilized portfolio. </I></FONT></DIV> </TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="019" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>(3)</I></FONT></DIV></TD>
<TD WIDTH="014" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2"><I>Calculated as the change between GAAP rents for new/renewed leases and the expiring GAAP rents for the same space. </I></FONT></DIV> </TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="019" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>(4)</I></FONT></DIV></TD>
<TD WIDTH="014" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2"><I>Calculated as the change between stated rents for new/renewed leases and the expiring stated rents for the same space. </I></FONT></DIV> </TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="019" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>(5)</I></FONT></DIV></TD>
<TD WIDTH="014" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2"><I>Calculated as the percentage of space either renewed or expanded into by existing tenants at lease expiration. </I></FONT></DIV> </TD></TR></TABLE> <P></P>


 <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>KILROY REALTY CORPORATION </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Third Quarter 2001 Supplemental
Financial Report </B></FONT></DIV> <HR NOSHADE ALIGN="left"><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="L950ex9919">LEASE EXPIRATION SCHEDULE </A> </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>($ in thousands) </B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%">

<TR>
<TD VALIGN="bottom" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"><B>Year of Expiration </B></FONT></DIV> <HR NOSHADE WIDTH="127" ALIGN="left"></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B># of Expiring <BR>Leases </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Total Square <BR>Feet<SUP>(1),(2) </SUP></B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>% of Total <BR>Leased Sq. Ft. </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Annual <BR>Base Rent </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Annual Rent <BR>per Sq. Ft. </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>OF</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>FICE:</B> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Re</FONT><FONT FACE="Times New Roman" SIZE="2">maining 2001 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">163,255 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.5</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,404 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$14.73 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200</FONT><FONT FACE="Times New Roman" SIZE="2">2 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">67 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">505,993 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.7</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9,113 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">18.01 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200</FONT><FONT FACE="Times New Roman" SIZE="2">3 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">59 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">707,879 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,834 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15.30 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200</FONT><FONT FACE="Times New Roman" SIZE="2">4 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">53 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">787,303 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,608 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22.36 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200</FONT><FONT FACE="Times New Roman" SIZE="2">5 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">54 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">921,986 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,259 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17.63 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200</FONT><FONT FACE="Times New Roman" SIZE="2">6 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">589,205 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,042 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">23.83 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200</FONT><FONT FACE="Times New Roman" SIZE="2">7 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">594,618 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,340 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19.07 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200</FONT><FONT FACE="Times New Roman" SIZE="2">8 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">443,052 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6.7</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9,840 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22.21 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200</FONT><FONT FACE="Times New Roman" SIZE="2">9 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">682,104 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16,155 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">23.68 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201</FONT><FONT FACE="Times New Roman" SIZE="2">0 and beyond </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">21 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,169,142 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">35,454 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">30.32 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Su</FONT><FONT FACE="Times New Roman" SIZE="2">btotal
</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">337 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,564,537 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$143,049 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$21.79 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10"> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>IN</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>DUSTRIAL:</B> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Re</FONT><FONT FACE="Times New Roman" SIZE="2">maining 2001 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">99,794 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;640 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;6.41 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200</FONT><FONT FACE="Times New Roman" SIZE="2">2 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">31 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">354,760 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,006 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8.47 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200</FONT><FONT FACE="Times New Roman" SIZE="2">3 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">29 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">691,508 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,408 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6.37 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200</FONT><FONT FACE="Times New Roman" SIZE="2">4 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">23 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">542,819 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,161 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.67 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200</FONT><FONT FACE="Times New Roman" SIZE="2">5 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">755,742 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,748 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.61 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200</FONT><FONT FACE="Times New Roman" SIZE="2">6 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">567,750 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11.5</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,432 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.81 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200</FONT><FONT FACE="Times New Roman" SIZE="2">7 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">87,013 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1.7</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">791 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9.09 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200</FONT><FONT FACE="Times New Roman" SIZE="2">8 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">736,764 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,729 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.78 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200</FONT><FONT FACE="Times New Roman" SIZE="2">9 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">505,976 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,654 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.22 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201</FONT><FONT FACE="Times New Roman" SIZE="2">0 and beyond </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">611,165 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,860 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11.22 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Su</FONT><FONT FACE="Times New Roman" SIZE="2">btotal
</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">133 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,953,291 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;39,429 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;7.96 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10"> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>TO</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>TAL PORTFOLIO:</B> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Re</FONT><FONT FACE="Times New Roman" SIZE="2">maining 2001 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">263,049 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,044 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$11.57 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200</FONT><FONT FACE="Times New Roman" SIZE="2">2 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">98 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">860,753 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.5</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,119 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14.08 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200</FONT><FONT FACE="Times New Roman" SIZE="2">3 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">88 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,399,387 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,242 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10.89 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200</FONT><FONT FACE="Times New Roman" SIZE="2">4 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">76 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,330,122 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11.5</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">21,769 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16.37 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200</FONT><FONT FACE="Times New Roman" SIZE="2">5 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">69 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,677,728 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22,007 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13.12 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200</FONT><FONT FACE="Times New Roman" SIZE="2">6 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">47 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,156,955 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">18,474 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15.97 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200</FONT><FONT FACE="Times New Roman" SIZE="2">7 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">681,631 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,131 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17.80 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200</FONT><FONT FACE="Times New Roman" SIZE="2">8 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,179,816 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10.2</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,569 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13.20 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200</FONT><FONT FACE="Times New Roman" SIZE="2">9 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,188,080 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19,809 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">16.67 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201</FONT><FONT FACE="Times New Roman" SIZE="2">0 and beyond </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,780,307 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15.5</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">42,314 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">23.77 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal
</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">470 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,517,828</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP></SUP></FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"><SUP>(1),(2) </SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><SUP></SUP></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$182,478 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$15.84 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
 </TABLE> </DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="019" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>(1)</I></FONT></DIV></TD>
<TD WIDTH="014" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2"><I>Excludes space leased under month-to-month leases and vacant space at September 30, 2001. </I></FONT></DIV> </TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="019" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>(2)</I></FONT></DIV></TD>
<TD WIDTH="014" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2"><I>Excludes expirations at 184-220 Technology Drive which the Company sold in October 2001. </I></FONT></DIV> </TD></TR></TABLE> <P></P>


 <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>KILROY REALTY CORPORATION </B></FONT></DIV> <DIV ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>Third Quarter 2001 Supplemental Financial Report </B></FONT></DIV> <HR NOSHADE ALIGN="left"><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="L950ex99110">LEASING ACTIVITY FOR 2001 AND 2002 LEASE EXPIRATIONS </A></B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%">

<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Total <BR>Square Feet(1), (2) </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Square Feet <BR>Renewed/Re-leased </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Remaining <BR>Square Feet </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>% of Total <BR>Renewed/Re-leased </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>200</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>1 </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Ex</FONT><FONT FACE="Times New Roman" SIZE="2">pirations through 9/30/01 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,376,999 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,157,561 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">219,438 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">84.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">4th</FONT><FONT FACE="Times New Roman" SIZE="2"> Qtr 2001 Expirations </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">263,049 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">212,541 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">50,508 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">80.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal 2001 Expirations </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,640,048 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,370,102 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">269,946 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">83.5</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10"> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>200</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>2 </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">860,753 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">135,805 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">724,948 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
 </TABLE> </DIV>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="028" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>(1)</I></FONT></DIV></TD>
<TD WIDTH="005" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2"><I>Excludes space leased under month-to-month leases at September 30, 2001. </I></FONT></DIV> </TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="028" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>(2)</I></FONT></DIV></TD>
<TD WIDTH="005" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2"><I>Excludes expirations at 184-220 Technology Drive which the Company sold in October 2001. </I></FONT></DIV> </TD></TR></TABLE> <P></P>


 <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>KILROY REALTY CORPORATION </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Third Quarter 2001 Supplemental
Financial Report </B></FONT></DIV> <HR NOSHADE ALIGN="left"><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="L950ex99111">2001 DISPOSITIONS </A></B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>($ in thousands)</B><I></I><B> </B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%">

<TR>
<TD VALIGN="bottom" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"><B>Project </B></FONT></DIV> <HR NOSHADE WIDTH="53" ALIGN="left"></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Location </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Type </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Month of <BR>Disposition </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Square <BR>Feet </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Sales <BR>Price </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>1st</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B> QUARTER:</B> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="15%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="9%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;682</FONT><FONT FACE="Times New Roman" SIZE="2">8 Nancy Ridge Drive </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="15%"> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">San Diego, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="9%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">Industrial </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">February </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39,669 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;3,300 </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>2n</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>d QUARTER:</B> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="15%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="9%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199</FONT><FONT FACE="Times New Roman" SIZE="2"> &amp; 201 N. Sunrise Avenue </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="15%"> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Roseville, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="9%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">Industrial </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">April </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">162,203 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$15,400 </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>3rd</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B> QUARTER:</B> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="15%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="9%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;488</FONT><FONT FACE="Times New Roman" SIZE="2">0 Santa Rosa Road </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="15%"> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Camarillo, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="9%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">August </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">41,131 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;6,580 </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190</FONT><FONT FACE="Times New Roman" SIZE="2">0 Aerojet Way </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="15%"> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Las Vegas, NV </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="9%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">Industrial </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">August </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">106,717 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,067 </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;795</FONT><FONT FACE="Times New Roman" SIZE="2"> Trademark Drive </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="15%"> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Reno, NV </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="9%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">Industrial </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">September </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">75,257 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,296 </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;410</FONT><FONT FACE="Times New Roman" SIZE="2">93 County Center Drive </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="15%"> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Temecula, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="9%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">Industrial </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">September </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">77,582 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,395 </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184</FONT><FONT FACE="Times New Roman" SIZE="2">0 Aerojet Way </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="15%"> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Las Vegas, NV </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="9%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">Industrial </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">September </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">102,948 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,100 </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Su</FONT><FONT FACE="Times New Roman" SIZE="2">btotal
</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="15%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="9%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">403,635 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$29,438 </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>TO</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>TAL YEAR-TO-DATE DISPOSITIONS </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="15%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="9%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">605,507 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$48,138 </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD> </TR>
 </TABLE> </DIV> <P></P>


 <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>KILROY REALTY CORPORATION </B></FONT></DIV> <DIV ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>Third Quarter 2001 Supplemental Financial Report </B></FONT></DIV> <HR NOSHADE ALIGN="left"><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="L950ex99112">STABILIZED DEVELOPMENT </A></B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>($ in thousands)</B><B><I></I></B><B> </B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV
ALIGN="center">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%">

<TR>
<TD VALIGN="bottom" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"><B>Project </B></FONT></DIV> <HR NOSHADE WIDTH="53" ALIGN="left"></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Location </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Type </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Start Date </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Completion <BR>Date </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Rentable <BR>Square Feet </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Total Est. <BR>Investment </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Occupancy </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>1st</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B> QUARTER:</B> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="15%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No</FONT><FONT FACE="Times New Roman" SIZE="2">ne </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="15%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>2n</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>d QUARTER:</B> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="15%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pac</FONT><FONT FACE="Times New Roman" SIZE="2">ific Technology <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Center
</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="15%"> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">San Diego, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1Q 2000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2Q 2001 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">67,995 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$12,133 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;So</FONT><FONT FACE="Times New Roman" SIZE="2">rrento Rim Business <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Park II
</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="15%"> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">San Diego, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2Q 2000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2Q 2001 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">102,875 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25,376 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Su</FONT><FONT FACE="Times New Roman" SIZE="2">btotal
</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="15%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">170,870 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$37,509 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>3rd</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B> QUARTER:</B> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="15%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ca</FONT><FONT FACE="Times New Roman" SIZE="2">labasas Park
Centre&#151;<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Phase III </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="15%"> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Calabasas, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3Q 2000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1Q 2001 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,789 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;2,715 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" COLSPAN="10" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>TO</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>TAL YEAR-TO-DATE STABILIZED DEVELOPMENT </B> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">182,659 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$40,224 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
 </TABLE> </DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>Some of the enclosed information presented is forward-looking in nature,
including information concerning development timing and investment amounts. Although the information is based on Kilroy Realty Corporation's current expectations, actual results could vary from expectations stated here. Numerous factors will affect
Kilroy Realty Corporation's actual results, some of which are beyond its control. These include the timing and strength of regional economic growth, the strength of commercial and industrial real estate markets, competitive market conditions, future
interest rate levels and capital market conditions. You are cautioned not to place undue reliance on this information, which speaks only as of the date of this report. Kilroy Realty Corporation assumes no obligation to update publicly any
forward-looking information, whether as a result of new information, future events or otherwise. For a discussion of important risks related to Kilroy Realty Corporation's business, and an investment in its securities, including risks that could
cause actual results and events to differ materially from results and events referred to in the forward-looking information, see the discussion under the caption &#147;Business Risks&#148; in Kilroy Realty Corporation's annual report on Form 10-K
for the year ended December 31, 2000. In light of these risks, uncertainties and assumptions, the forward-looking events contained in this supplement information might not occur. </I></FONT></DIV> <P></P>


 <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>KILROY REALTY CORPORATION </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Third Quarter 2001 Supplemental
Financial Report </B></FONT></DIV> <HR NOSHADE ALIGN="left"><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="L950ex99113">IN-PROCESS AND COMMITTED DEVELOPMENT PROJECTS </A> </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>($ in thousands) </B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV
ALIGN="center">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%">

<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Estimated </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Construction <BR>Period </B></FONT></DIV>
<HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> </TD> </TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"><B>Project </B></FONT></DIV> <HR NOSHADE WIDTH="51" ALIGN="left"></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Location </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Type </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Start <BR>Date </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Compl. <BR>Date </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Est. <BR>Stabilization <BR>Date<SUP>(2)</SUP> </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Rentable <BR>Square <BR>Feet </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Total <BR>Estimated <BR>Investment </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>% <BR>Committed<SUP>(3)</SUP> </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"><B>PR</B></FONT><FONT FACE="Times New Roman" SIZE="1"><B>OJECTS IN LEASE-UP:</B> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="13%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ca</FONT><FONT FACE="Times New Roman" SIZE="1">labasas Park
Centre&#151;<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Phase II </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="13%"> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">Calabasas, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">2Q 2000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="7%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">1Q 2001 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">1Q 2002 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">98,706 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;21,540 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">66</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inn</FONT><FONT FACE="Times New Roman" SIZE="1">ovation Corporate
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Center&#151;Lot 8 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="13%"> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">San Diego, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">2Q 2000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="7%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">2Q 2001 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">2Q 2002 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">46,759 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">9,362 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">65</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inn</FONT><FONT FACE="Times New Roman" SIZE="1">ovation Corporate
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Center&#151;Lot 12 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="13%"> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">San Diego, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">2Q 2000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="7%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">2Q 2001 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">2Q 2002 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">70,617 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">12,239 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Per</FONT><FONT FACE="Times New Roman" SIZE="1">egrine Systems Corporate
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ctr&#151;Bld 3 <SUP>(1),</SUP><SUP>(4)</SUP> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="13%"> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">Del Mar, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">2Q 2000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="7%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">2Q 2001 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">4Q 2001 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">129,752 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">27,453 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">100</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Su</FONT><FONT FACE="Times New Roman" SIZE="1">btotal </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="13%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">345,834 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;70,594 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">65</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10"> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"><B>PR</B></FONT><FONT FACE="Times New Roman" SIZE="1"><B>OJECTS UNDER <BR>&nbsp;&nbsp;&nbsp;&nbsp;CONSTRUCTION:</B> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="13%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bro</FONT><FONT FACE="Times New Roman" SIZE="1">beck, Phleger &amp; Harrison
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expansion </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="13%"> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">Del Mar, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">3Q 2001 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="7%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">3Q 2002 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">3Q 2002 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">89,168 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;22,731 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">100</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="bottom" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Im</FONT><FONT FACE="Times New Roman" SIZE="1">perial &amp; Sepulveda </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="13%"> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">El Segundo, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">1Q 2001 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="7%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">4Q 2001 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">4Q 2002 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">133,678 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">38,422 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pac</FONT><FONT FACE="Times New Roman" SIZE="1">ific Corporate
Center&#151;<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lots 25 &amp; 27 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="13%"> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">San Diego, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">2Q 2001 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="7%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">1Q 2002 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">1Q 2003 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">68,400 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">14,241 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Per</FONT><FONT FACE="Times New Roman" SIZE="1">egrine Systems Corporate
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ctr&#151;Bld 4<SUP> (1)</SUP> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="13%"> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">Del Mar, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">3Q 2001 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="7%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">4Q 2002 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">2Q 2003 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">114,780 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">26,399 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">100</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;So</FONT><FONT FACE="Times New Roman" SIZE="1">rrento Gateway&#151; </FONT></DIV> <DIV ALIGN="left"><FONT
FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;L</FONT><FONT FACE="Times New Roman" SIZE="1">ot 4 <SUP>(1)</SUP> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="13%"> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">San Diego, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">2Q 2001 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="7%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">1Q 2002 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">1Q 2002 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">60,662 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">15,833 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">100</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We</FONT><FONT FACE="Times New Roman" SIZE="1">stside Media
Center&#151;<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Phase III </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="13%"> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">West LA, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">4Q 2000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="7%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">1Q 2002 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">1Q 2003 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">151,000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">54,809 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Su</FONT><FONT FACE="Times New Roman" SIZE="1">btotal </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="13%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">617,688 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$172,436 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">43</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10"> </TD> </TR>
<TR>
<TD VALIGN="bottom" COLSPAN="9" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"><B>TO</B></FONT><FONT FACE="Times New Roman" SIZE="1"><B>TAL PROJECTS IN LEASE UP AND UNDER CONSTRUCTION</B> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">963,522 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$243,030 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">51</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10"> </TD> </TR>
<TR>
<TD VALIGN="top" COLSPAN="9" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"><B>CO</B></FONT><FONT FACE="Times New Roman" SIZE="1"><B>MMITTED DEVELOPMENT:</B> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No</FONT><FONT FACE="Times New Roman" SIZE="1">ne </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="13%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="4%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="bottom" COLSPAN="9" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"><B>TO</B></FONT><FONT FACE="Times New Roman" SIZE="1"><B>TAL IN-PROCESS AND COMMITTED DEVELOPMENT PROJECTS:</B> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="10%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="7%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">963,522 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="8%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$243,030 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">51</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
 </TABLE> </DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="015" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"><I>(1)</I></FONT></DIV></TD>
<TD WIDTH="011" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="1"><I>Project is being developed by a Development LLC in which the Company holds a 50% managing interest. The estimated investment figure includes the capital required to purchase
the remaining 50% interest in the project. </I></FONT></DIV> </TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="015" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"><I>(2)</I></FONT></DIV></TD>
<TD WIDTH="011" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="1"><I>Based on management&#146;s estimation of the earlier of stabilized occupancy (95%) or one year from the date of substantial completion.</I> </FONT></DIV> </TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="015" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"><I></I><I>(3)</I></FONT></DIV></TD>
<TD WIDTH="011" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="1"><I>Includes executed leases and signed letters of intent, calculated on a square footage basis. </I><I> </I></FONT></DIV> </TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="015" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"><I>(4)</I></FONT></DIV></TD>
<TD WIDTH="011" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="1"><I>This project is 100% leased to one tenant. The tenant occupied 91% of the project at September 30, 2001 under a staged move-in plan. It is expected that the tenant will take
occupancy of the remaining space during the fourth quarter of 2001. </I></FONT></DIV> </TD></TR></TABLE> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"><I>Some of the enclosed information
presented is forward-looking in nature, including information concerning development timing and investment amounts. Although the information is based on Kilroy Realty Corporation&#146;s current expectations, actual results could vary from
expectations stated here. Numerous factors will affect Kilroy Realty Corporation's actual results, some of which are beyond its control. These include the timing and strength of regional economic growth, the strength of commercial and industrial
real estate markets, competitive market conditions, future interest rate levels and capital market conditions. You are cautioned not to place undue reliance on this information, which speaks only as of the date of this report. Kilroy Realty
Corporation assumes no obligation to update publicly any forward-looking information, whether as a result of new information, future events or otherwise. For a discussion of important risks related to Kilroy Realty Corporation&#146;s business, and
an investment in its securities, including risks that could cause actual results and events to differ materially from results and events referred to in the forward-looking information, see the discussion under the caption &#147;Business Risks&#148;
in Kilroy Realty Corporation&#146;s annual report on Form 10-K for the year ended December 31, 2000. In light of these risks, uncertainties and assumptions the forward-looking events contained in this supplemental information might not occur.
</I></FONT></DIV> <P></P>


 <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>KILROY REALTY CORPORATION </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Third Quarter 2001 Supplemental
Financial Report </B></FONT></DIV> <HR NOSHADE ALIGN="left"><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="L950ex99114">FUTURE DEVELOPMENT PIPELINE </A></B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>($ in thousands) </B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%">

<TR>
<TD VALIGN="bottom" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"><B>Project </B></FONT></DIV> <HR NOSHADE ALIGN="left"></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="15%" ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Location </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="6%" ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Type </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Rentable <BR>Square <BR>Feet </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Total </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Estimated </B></FONT></DIV> <DIV ALIGN="center"><FONT
FACE="Times New Roman" SIZE="1"><B>Investment </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>SA</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>N DIEGO COUNTY: </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="15%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inn</FONT><FONT FACE="Times New Roman" SIZE="2">ovation Corporate Center&#151;Lot 2 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="15%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">San Diego, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">51,187 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;10,156 </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inn</FONT><FONT FACE="Times New Roman" SIZE="2">ovation Corporate Center&#151;Lot 4 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="15%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">San Diego, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">75,000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13,835 </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inn</FONT><FONT FACE="Times New Roman" SIZE="2">ovation Corporate Center&#151;Lot 9 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="15%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">San Diego, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">65,867 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,544 </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inn</FONT><FONT FACE="Times New Roman" SIZE="2">ovation Corporate Center&#151;Lot 10 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="15%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">San Diego, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">37,405 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,987 </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pac</FONT><FONT FACE="Times New Roman" SIZE="2">ific Corporate Center&#151;Lots 3, 4 &amp; 6 </FONT></DIV>
</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="15%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">San Diego, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">225,000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">48,036 </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pac</FONT><FONT FACE="Times New Roman" SIZE="2">ific Corporate Center&#151;Lot 8 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="15%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">San Diego, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">95,000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">19,547 </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;San</FONT><FONT FACE="Times New Roman" SIZE="2"> Diego Corporate Center&#151;Lot 7 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="15%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">Del Mar, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">207,842 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">64,053 </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;San</FONT><FONT FACE="Times New Roman" SIZE="2">ta Fe Summit&#151;Phase I </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="15%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">San Diego, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">150,000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33,089 </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;San</FONT><FONT FACE="Times New Roman" SIZE="2">ta Fe Summit&#151;Phase II </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="15%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">San Diego, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">150,000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">35,045 </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;So</FONT><FONT FACE="Times New Roman" SIZE="2">rrento Gateway&#151;Lot 1 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="15%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">San Diego, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">55,933 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,869 </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;So</FONT><FONT FACE="Times New Roman" SIZE="2">rrento Gateway&#151;Lot 2</FONT><FONT FACE="Times New Roman"
SIZE="1"><SUP>(1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><SUP></SUP> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="15%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">San Diego, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">70,000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,176 </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;So</FONT><FONT FACE="Times New Roman" SIZE="2">rrento Gateway&#151;Lot 3</FONT><FONT FACE="Times New Roman"
SIZE="1"><SUP>(1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><SUP></SUP> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="15%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">San Diego, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">56,800 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,527 </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;So</FONT><FONT FACE="Times New Roman" SIZE="2">rrento Gateway&#151;Lot 7</FONT><FONT FACE="Times New Roman"
SIZE="1"><SUP>(1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><SUP></SUP> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="15%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">San Diego, CA </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Office </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">57,000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,986 </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Su</FONT><FONT FACE="Times New Roman" SIZE="2">btotal
</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="15%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,297,034 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$292,850 </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>TO</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>TAL FUTURE DEVELOPMENT PIPELINE</B> <B></B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="15%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="10%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,297,034 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="9%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$292,850 </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD> </TR>
 </TABLE> </DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="019" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>(1)</I></FONT></DIV></TD>
<TD WIDTH="014" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2"><I>Project is being developed by a Development LLC in which the Company holds a 50% interest. The estimated investment figure includes the capital required to purchase the
remaining 50% interest in the project. </I></FONT></DIV> </TD></TR></TABLE> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>Some of the enclosed information presented is forward-looking
in nature, including information concerning development timing and investment amounts. Although the information is based on Kilroy Realty Corporation&#146;s current expectations, actual results could vary from expectations stated here. Numerous
factors will affect Kilroy Realty Corporation&#146;s actual results, some of which are beyond its control. These include the timing and strength of regional economic growth, the strength of commercial and industrial real estate markets, competitive
market conditions, future interest rate levels and capital market conditions. You are cautioned not to place undue reliance on this information, which speaks only as of the date of this report. Kilroy Realty Corporation assumes no obligation to
update publicly any forward-looking information, whether as a result of new information, future events or otherwise. For a discussion of important risks related to Kilroy Realty Corporation&#146;s business and an investment in its securities,
including risks that could cause actual results and events to differ materially from results and events referred to in the forward-looking information, see the discussion under the caption &#147;Business Risks&#148; in Kilroy Realty
Corporation&#146;s annual report on Form 10-K for the year ended December 31, 2000. In light of these risks, uncertainties and assumptions, the forward-looking events contained in this supplement information might not occur. </I></FONT></DIV>
<P></P>


 <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>KILROY REALTY CORPORATION </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Third Quarter 2001 Supplemental
Financial Report </B></FONT></DIV> <HR NOSHADE ALIGN="left"><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="L950ex99115">CAPITAL STRUCTURE </A></B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>At September 30, 2001 </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>($ in thousands)
</B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="left">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%">

<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Shares/Units <BR>at Sept. 30, 2001 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Aggregate <BR>Principal <BR>Amount or $ <BR>Value <BR>Equivalent </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>% of Total <BR>Market <BR>Capitalization </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>DE</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>BT: </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sec</FONT><FONT FACE="Times New Roman" SIZE="2">ured Debt </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;437,688 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26.7</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Un</FONT><FONT FACE="Times New Roman" SIZE="2">secured Line of Credit </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">185,000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Un</FONT><FONT FACE="Times New Roman" SIZE="2">secured Term Facility </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100,000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal
Debt </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;722,688 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">44.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10"> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>EQ</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>UITY: </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.0</FONT><FONT FACE="Times New Roman" SIZE="2">75% Series A Cumulative Redeemable Preferred
Units</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP> (1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><SUP></SUP> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="11%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;1,500,000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75,000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3</FONT><FONT FACE="Times New Roman" SIZE="2">75% Series C Cumulative Redeemable Preferred Units
</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP>(1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><SUP></SUP> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="11%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700,000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">35,000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2</FONT><FONT FACE="Times New Roman" SIZE="2">50% Series D Cumulative Redeemable Preferred Units
</FONT><FONT FACE="Times New Roman" SIZE="1"><SUP>(1)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><SUP></SUP> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="11%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;900,000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">45,000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2.7</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Co</FONT><FONT FACE="Times New Roman" SIZE="2">mmon Units Outstanding </FONT><FONT FACE="Times New Roman"
SIZE="1"><SUP>(2)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><SUP></SUP> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="11%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;3,060,954 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">76,371 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4.7</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Co</FONT><FONT FACE="Times New Roman" SIZE="2">mmon Shares Outstanding </FONT><FONT FACE="Times New Roman"
SIZE="1"><SUP>(2)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><SUP></SUP> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="11%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">27,426,071 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">684,280 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">41.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal
Equity </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="11%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;915,651 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">55.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10"> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>TO</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>TAL MARKET CAPITALIZATION</B> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="11%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="11%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$1,638,339 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
 </TABLE> </DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="019" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>(1)</I></FONT></DIV></TD>
<TD WIDTH="014" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2"><I>Value based on $50.00 per share liquidation preference. </I></FONT></DIV> </TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="019" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>(2)</I></FONT></DIV></TD>
<TD WIDTH="014" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2"><I>Valued based on closing share price of $24.95 at September 30, 2001. </I></FONT></DIV> </TD></TR></TABLE> <P></P>


 <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>KILROY REALTY CORPORATION </B></FONT></DIV> <DIV ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>Third Quarter 2001 Supplemental Financial Report </B></FONT></DIV> <HR NOSHADE ALIGN="left"><DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>
<A NAME="L950ex99116">DEBT ANALYSIS </A></B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>At September 30, 2001 </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>($&nbsp;&nbsp;in thousands)
</B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>SECURED DEBT AND UNSECURED TERM FACILITY PRINCIPAL REPAYMENT SCHEDULE </B></FONT></DIV> <DIV ALIGN="left"><FONT
SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="left">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="99%">

<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2001 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2002 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2003 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2004 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>2005 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Thereafter </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Total </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" ALIGN="center" NOWRAP WIDTH="8%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">$10,669 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="7%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">$6,148 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="9%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">$173,925 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="9%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">$127,719 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="8%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">$16,965 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="9%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">$202,262 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="9%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">$537,688 </FONT></DIV> </TD> </TR>
 </TABLE> </DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>TOTAL DEBT COMPOSITION </B></FONT></DIV> <DIV ALIGN="left"><FONT
SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="left">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%">

<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" ROWSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>% of <BR>Total Debt </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="8" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Weighted Average </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Interest Rate </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Maturity </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B><I>Sec</I></B></FONT><FONT FACE="Times New Roman" SIZE="2"><B><I>ured vs. Unsecured Debt: </I></B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="3%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sec</FONT><FONT FACE="Times New Roman" SIZE="2">ured Debt </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">60.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6.7</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="3%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">5.0 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Un</FONT><FONT FACE="Times New Roman" SIZE="2">secured Debt </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.5</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="3%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">1.8 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B><I>Flo</I></B></FONT><FONT FACE="Times New Roman" SIZE="2"><B><I>ating vs. Fixed Rate Debt: </I></B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="3%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fix</FONT><FONT FACE="Times New Roman" SIZE="2">ed Rate Debt </FONT><FONT FACE="Times New Roman"
SIZE="1"><SUP>(1),(2),(4)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><SUP></SUP> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">77.1</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.5</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="3%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">4.3 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Flo</FONT><FONT FACE="Times New Roman" SIZE="2">ating Rate Debt </FONT><FONT FACE="Times New Roman"
SIZE="1"><SUP>(3)</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><SUP></SUP> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5.4</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="3%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">1.8 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B><I>To</I></B></FONT><FONT FACE="Times New Roman" SIZE="2"><B><I>tal Debt</I></B> <B><I></I></B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="3%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">3.7 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
 </TABLE> </DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>UNSECURED LINE OF CREDIT </B></FONT></DIV> <DIV ALIGN="left"><FONT
SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="86%">

<TR>
<TD VALIGN="bottom" NOWRAP WIDTH="11%" ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Total Line </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="20%" ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Outstanding Balance </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="18%" ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Expiration Date </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" ALIGN="center" NOWRAP WIDTH="11%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">$400,000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="20%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">$185,000 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="18%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">November 2002 </FONT></DIV> </TD> </TR>
 </TABLE> </DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>CAPITALIZED INTEREST </B></FONT></DIV> <DIV ALIGN="left"><FONT
SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="86%">

<TR>
<TD VALIGN="bottom" NOWRAP WIDTH="15%" ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Quarter-to-Date </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP WIDTH="13%" ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Year-to-Date </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="15%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">$3.1 million </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" NOWRAP WIDTH="13%"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">$9.8 million </FONT></DIV> </TD> </TR>
 </TABLE> </DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="019" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>(1)</I></FONT></DIV></TD>
<TD WIDTH="014" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2"><I>The Company currently has an interest-rate swap agreement to fix LIBOR on $150 million of its floating rate debt at 6.95% which expires in February 2002. </I></FONT></DIV>
</TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="019" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>(2)</I></FONT></DIV></TD>
<TD WIDTH="014" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2"><I>The Company currently has an interest-rate swap agreement to fix LIBOR on $150 million of its floating rate debt at 5.48% which expires in November 2002. </I></FONT></DIV>
</TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="019" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>(3)</I></FONT></DIV></TD>
<TD WIDTH="014" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2"><I>The Company, through one of its Development LLCs, currently has an interest-rate cap agreement to cap LIBOR on its floating rate construction debt at 8.5% which expires in
April 2002. At September 30, 2001, the notional amount of the cap agreement was approximately $57.0 million. </I></FONT></DIV> </TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="019" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><I>(4)</I></FONT></DIV></TD>
<TD WIDTH="014" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="2"><I>The percentage of fixed rate debt to total debt does not take into consideration the portion of floating rate debt capped by the Company&#146;s interest-rate cap agreement.
Including the effects of the interest-rate cap agreement, the Company had fixed or capped approximately 84.8% of its total outstanding debt at September 30, 2001. </I></FONT></DIV> </TD></TR></TABLE> <P></P>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>4
<FILENAME>dex992.htm
<DESCRIPTION>PRESS RELEASE DATED OCTOBER 31, 2001
<TEXT>
<HTML><HEAD>
<TITLE>Press Release dated October 31, 2001</TITLE>
</HEAD>
  <BODY BGCOLOR="WHITE">
 <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 99.2 </B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV
ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>FOR RELEASE: </B></FONT></DIV> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">October 31, 2001 </FONT></DIV> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>Contact:
</B></FONT></DIV> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Richard E. Moran Jr. </FONT></DIV> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Executive Vice President </FONT></DIV> <DIV ALIGN="left"><FONT
FACE="Times New Roman" SIZE="2">and Chief Financial Officer </FONT></DIV> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(310) 563-5533 </FONT></DIV> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">or </FONT></DIV> <DIV
ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Tyler H. Rose </FONT></DIV> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Senior Vice President </FONT></DIV> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">and Treasurer
</FONT></DIV> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(310) 563-5531 </FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>KILROY REALTY CORPORATION REPORTS
</B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>THIRD QUARTER FINANCIAL RESULTS </B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="left"><FONT FACE="Times New Roman"
SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>LOS ANGELES, October 31, 2001</B> &#150; Kilroy Realty Corporation <I>(NYSE: KRC)</I> today reported funds from operations (FFO) in its third quarter ended September 30, 2001 of
$20.5 million, or $0.67 per share, down from $21.1 million, or $0.69 per share in the third quarter of 2000. For the first nine months of 2001, the company said FFO totaled $70.6 million, or $2.31 per share, up from $61.9 million, or $2.02 per share
in the year-earlier period. </FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KRC said net income totaled $9.3
million, or $0.34 per share, for its third quarter ended September 30, 2001, down from $15.7 million, or $0.59 per share, in the third quarter of 2000. Revenues in the third quarter totaled $51.4 million, up from $47.2 million in the prior
year&#146;s quarter. </FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the first nine months of 2001, the
company reported net income of $30.8 million, or $1.13 per share, down from $38.1 million, or $1.42 per share, in the first nine months of 2000. Revenues for the nine-month period totaled $160.0 million, up from $136.4 million in the year-earlier
period. All per-share amounts in this report are presented on a diluted basis. </FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="left"><FONT FACE="Times New Roman"
SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KRC is currently developing or is committed to develop 963,500 square feet of space in Southern California, with completion dates scheduled through 2002. This committed development
pipeline, representing a total estimated investment of approximately $243 million, is currently 51% leased or committed. </FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="left"><FONT FACE="Times New Roman"
SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As part of its program to sell non-core assets, the company sold one office and four industrial buildings in the third quarter, including its only three assets located in the state
of Nevada. Total proceeds from the dispositions were approximately $29.4 million. </FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="left"><FONT FACE="Times New Roman"
SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Some of the information presented in this release is forward-looking in nature within the meaning of the Private Securities Litigation Reform Act of 1995. Although Kilroy Realty
Corporation believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, there can be no assurance that its expectations will be achieved. Certain factors that could cause actual results to differ
materially from Kilroy Realty&#146;s expectations are set forth as risk factors in the company&#146;s SEC reports and filings. Included among these factors are changes in general economic conditions including changes in the economic conditions
affecting industries in which its principal tenants compete; any failure of the general economy to recover timely from the current economic downturn; Kilroy Realty&#146;s ability to timely lease or re-lease space at current or anticipated rents;
changes in interest rates; changes in operating costs, including utility costs; future demand for its debt and equity securities; its ability to refinance its debt on reasonable terms at maturity; its ability to complete current and future
development projects on schedule and on budget; the demand for office space in markets in which
Kilroy Realty has a presence, and risks detailed from time to time in the company&#146;s SEC reports, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form
10-K. Many of these factors are beyond Kilroy Realty&#146;s ability to control or predict. Forward-looking statements are not guarantees of performance. For forward-looking statements herein, Kilroy Realty claims the protection of the safe harbor
for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. </FONT></DIV>
<DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kilroy Realty Corporation is a Southern California-based real estate investment
trust active in the office and industrial property sectors. For more than 50 years, the company has owned, developed, acquired and managed real estate assets primarily in the coastal regions of California and Washington. Principal submarkets for
KRC&#146;s current development program include Calabasas, West Los Angeles, El Segundo and coastal San Diego, where the company&#146;s total development pipeline is over $500 million. At September 30, 2001, the company owned 7.1 million square feet
of commercial office space and 5.2 million square feet of industrial space. More information on Kilroy Realty can be found at <I>www.kilroyrealty.com</I>. </FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2">############### </FONT></DIV> <P></P>


 <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>KILROY REALTY CORPORATION </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>SUMMARY QUARTERLY RESULTS</U>
</B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>(unaudited, in thousands, except per share data) </B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%">

<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Three Months <BR>Ended <BR>September 30, 2001 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Three Months <BR>Ended <BR>September 30, 2000 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Nine Months <BR>Ended </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>September 30, 2001
</B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Nine Months <BR>Ended </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>September 30, 2000
</B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">Re</FONT><FONT FACE="Times New Roman" SIZE="1">venues </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$51,446 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$47,249 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;160,047 </FONT></DIV> </TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;136,355 </FONT></DIV> </TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">Ne</FONT><FONT FACE="Times New Roman" SIZE="1">t income available to common stockholders<SUP> (1)</SUP> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;9,283 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$15,679 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;30,806 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;38,060 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">We</FONT><FONT FACE="Times New Roman" SIZE="1">ighted average common shares outstanding&#151;basic </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">27,359 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">26,455 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">27,080 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">26,647 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">We</FONT><FONT FACE="Times New Roman" SIZE="1">ighted average common shares outstanding&#151;diluted </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">27,587 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">26,697 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">27,315 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">26,758 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">Ne</FONT><FONT FACE="Times New Roman" SIZE="1">t income per share of common stock&#151;basic </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;0.34 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;0.59 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.14 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.43 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">Ne</FONT><FONT FACE="Times New Roman" SIZE="1">t income per share of common stock&#151;diluted </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;0.34 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;0.59 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.13 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.42 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">Fu</FONT><FONT FACE="Times New Roman" SIZE="1">nds From Operations </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$20,512 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$21,067 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;70,625 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;61,899 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">We</FONT><FONT FACE="Times New Roman" SIZE="1">ighted average common shares/units outstanding&#151;basic <SUP>(2)</SUP> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">30,421 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">30,203 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">30,303 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">30,457 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">We</FONT><FONT FACE="Times New Roman" SIZE="1">ighted average common shares/units outstanding&#151;diluted <SUP>(2)</SUP> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">30,648 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">30,444 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">30,538 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">30,568 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">Fu</FONT><FONT FACE="Times New Roman" SIZE="1">nds From Operations per common share/unit&#151;basic <SUP>(2)</SUP> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;0.67 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;0.70 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.33 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.03 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">Fu</FONT><FONT FACE="Times New Roman" SIZE="1">nds From Operations per common share/unit&#151;diluted <SUP>(2)</SUP> </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;0.67 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;0.69 </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.31 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.02 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">Co</FONT><FONT FACE="Times New Roman" SIZE="1">mmon shares outstanding at end of period </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">27,426 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">26,455 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">Co</FONT><FONT FACE="Times New Roman" SIZE="1">mmon partnership units outstanding at end of period </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">3,061 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">3,748 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="1">tal common shares and units outstanding at end of period </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">30,487 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">30,203 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10"> </TD> </TR>
<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>September 30, 2001 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>September 30, 2000 </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">Oc</FONT><FONT FACE="Times New Roman" SIZE="1">cupancy rates: </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;Ca</FONT><FONT FACE="Times New Roman" SIZE="1">lifornia </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">94.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">96.6</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;Wa</FONT><FONT FACE="Times New Roman" SIZE="1">shington </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">99.3</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">100.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;Ar</FONT><FONT FACE="Times New Roman" SIZE="1">izona </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">100.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">100.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;Ne</FONT><FONT FACE="Times New Roman" SIZE="1">vada </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">100.0</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We</FONT><FONT FACE="Times New Roman" SIZE="1">ighted average total </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">94.8</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">96.9</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">% </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">To</FONT><FONT FACE="Times New Roman" SIZE="1">tal square feet of stabilized properties owned at end of period: </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;Of</FONT><FONT FACE="Times New Roman" SIZE="1">fice </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">7,130 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">8,294 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;Ind</FONT><FONT FACE="Times New Roman" SIZE="1">ustrial </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">5,243 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">5,807 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="1">tal </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right" NOWRAP WIDTH="6%"> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">12,373 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="4">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">12,101 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
 </TABLE> </DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="015" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"><I>(1)</I></FONT></DIV></TD>
<TD WIDTH="011" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="1"><I>Net income after minority interests. </I></FONT></DIV> </TD></TR></TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="015" VALIGN="top" ALIGN="left"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"><I>(2)</I></FONT></DIV></TD>
<TD WIDTH="011" VALIGN="top"><DIV>&nbsp;</DIV></TD>
<TD ALIGN="left" VALIGN="top"><DIV><FONT FACE="Times New Roman" SIZE="1"><I>Calculated based on weighted average shares outstanding assuming conversion of all common limited partnership units outstanding. </I></FONT></DIV> </TD></TR></TABLE> <P></P>



 <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>KILROY REALTY CORPORATION CONSOLIDATED BALANCE SHEETS</U> </B></FONT></DIV> <DIV
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>(unaudited, in thousands) </B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="left">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%">

<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>September 30, <BR>2001 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>December 31, <BR>2000 </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>AS</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>SETS </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">IN</FONT><FONT FACE="Times New Roman" SIZE="2">VESTMENT IN REAL ESTATE: </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">La</FONT><FONT FACE="Times New Roman" SIZE="2">nd and improvements </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;274,569 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;266,444 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Bu</FONT><FONT FACE="Times New Roman" SIZE="2">ildings and improvements </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,136,946 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,054,995 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Un</FONT><FONT FACE="Times New Roman" SIZE="2">developed land and construction in progress, net </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">170,122 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">162,633 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Inv</FONT><FONT FACE="Times New Roman" SIZE="2">estment in unconsolidated real estate </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,405 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal
investment in real estate </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,581,637 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,496,477 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Ac</FONT><FONT FACE="Times New Roman" SIZE="2">cumulated depreciation and amortization </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(232,029</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(205,332</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inv</FONT><FONT FACE="Times New Roman"
SIZE="2">estment in real estate, net </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,349,608 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,291,145 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Ca</FONT><FONT FACE="Times New Roman" SIZE="2">sh and cash equivalents </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,718 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,600 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Re</FONT><FONT FACE="Times New Roman" SIZE="2">stricted cash </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">25,800 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">35,014 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Te</FONT><FONT FACE="Times New Roman" SIZE="2">nant receivables, net </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">32,236 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">32,521 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">No</FONT><FONT FACE="Times New Roman" SIZE="2">te receivable from related party </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33,274 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">De</FONT><FONT FACE="Times New Roman" SIZE="2">ferred financing and leasing costs, net </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">37,470 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">39,674 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Pre</FONT><FONT FACE="Times New Roman" SIZE="2">paid expenses and other assets </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,890 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,941 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TO</FONT><FONT FACE="Times New Roman" SIZE="2">TAL
ASSETS </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$1,460,722 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$1,457,169 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>LI</B></FONT><FONT FACE="Times New Roman" SIZE="2"><B>ABILITIES &amp; STOCKHOLDERS&#146; EQUITY </B></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">LIA</FONT><FONT FACE="Times New Roman" SIZE="2">BILITIES: </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Sec</FONT><FONT FACE="Times New Roman" SIZE="2">ured debt </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;437,688 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;432,688 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Un</FONT><FONT FACE="Times New Roman" SIZE="2">secured line of credit </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">185,000 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">191,000 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Un</FONT><FONT FACE="Times New Roman" SIZE="2">secured term facility </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100,000 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">100,000 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Ac</FONT><FONT FACE="Times New Roman" SIZE="2">counts payable, accrued expenses and other liabilities </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">48,336 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33,911 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Ac</FONT><FONT FACE="Times New Roman" SIZE="2">crued distributions </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,634 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">13,601 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Re</FONT><FONT FACE="Times New Roman" SIZE="2">nts received in advance and tenant security deposits </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,643 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,810 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal
liabilities </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">800,301 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">789,010 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">MI</FONT><FONT FACE="Times New Roman" SIZE="2">NORITY INTERESTS: </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">8.0</FONT><FONT FACE="Times New Roman" SIZE="2">75% Series A Cumulative Redeemable </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;P</FONT><FONT FACE="Times New Roman" SIZE="2">referred unitholders </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">73,716 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">73,716 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">9.3</FONT><FONT FACE="Times New Roman" SIZE="2">75% Series C Cumulative Redeemable </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;P</FONT><FONT FACE="Times New Roman" SIZE="2">referred unitholders </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">34,464 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">34,464 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">9.2</FONT><FONT FACE="Times New Roman" SIZE="2">50% Series D Cumulative Redeemable </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;P</FONT><FONT FACE="Times New Roman" SIZE="2">referred unitholders </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">44,321 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">44,321 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Co</FONT><FONT FACE="Times New Roman" SIZE="2">mmon unitholders of the Operating Partnership </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">49,573 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">62,485 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Mi</FONT><FONT FACE="Times New Roman" SIZE="2">nority interest in Development LLCs </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,164 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,748 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal
minority interests </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">216,238 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">226,734 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">ST</FONT><FONT FACE="Times New Roman" SIZE="2">OCKHOLDERS&#146; EQUITY: </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Co</FONT><FONT FACE="Times New Roman" SIZE="2">mmon stock </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">274 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">265 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Ad</FONT><FONT FACE="Times New Roman" SIZE="2">ditional paid-in capital </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">478,986 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">460,390 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Dis</FONT><FONT FACE="Times New Roman" SIZE="2">tributions in excess of earnings </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(27,623</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(19,230</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Ac</FONT><FONT FACE="Times New Roman" SIZE="2">cumulated other comprehensive loss </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(7,454</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal
stockholders&#146; equity </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">444,183 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">441,425 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TO</FONT><FONT FACE="Times New Roman" SIZE="2">TAL
LIABILITIES &amp; STOCKHOLDERS&#146; EQUITY </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$1,460,722 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$1,457,169 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD> </TR>
 </TABLE> </DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV>

 <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>KILROY REALTY CORPORATION CONSOLIDATED STATEMENTS OF OPERATIONS</U> </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2"><B>(unaudited, in thousands, except per share data) </B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="left">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%">

<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Three Months <BR>Ended <BR>September 30, <BR>2001 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Three Months <BR>Ended <BR>September 30, <BR>2000 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Nine Months <BR>Ended <BR>September 30, <BR>2001 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Nine Months <BR>Ended <BR>September 30, <BR>2000 </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">RE</FONT><FONT FACE="Times New Roman" SIZE="2">VENUES: </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Re</FONT><FONT FACE="Times New Roman" SIZE="2">ntal income </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$44,992 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$40,555 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$135,400 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$117,627 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Te</FONT><FONT FACE="Times New Roman" SIZE="2">nant reimbursements </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,901 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,748 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,591 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,036 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Int</FONT><FONT FACE="Times New Roman" SIZE="2">erest income </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">170 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,706 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">883 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,008 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oth</FONT><FONT FACE="Times New Roman" SIZE="2">er income </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">383 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">240 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,173 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,684 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal
revenues </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">51,446 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">47,249 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">160,047 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">136,355 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">EX</FONT><FONT FACE="Times New Roman" SIZE="2">PENSES: </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pro</FONT><FONT FACE="Times New Roman" SIZE="2">perty expenses </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,911 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">6,217 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">22,254 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">17,749 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Re</FONT><FONT FACE="Times New Roman" SIZE="2">al estate taxes </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,106 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">3,523 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,480 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9,959 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ge</FONT><FONT FACE="Times New Roman" SIZE="2">neral and administrative expenses </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,949 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,890 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9,337 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">8,077 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gr</FONT><FONT FACE="Times New Roman" SIZE="2">ound leases </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">379 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">423 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,146 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">1,211 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Int</FONT><FONT FACE="Times New Roman" SIZE="2">erest expense </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,657 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">10,024 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">32,060 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27,800 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;De</FONT><FONT FACE="Times New Roman" SIZE="2">preciation and amortization </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,680 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9,941 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38,634 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">28,909 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal
expenses </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38,682 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">33,018 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">115,911 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">93,705 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Inc</FONT><FONT FACE="Times New Roman" SIZE="2">ome from operations </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">12,764 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">14,231 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">44,136 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">42,650 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Ne</FONT><FONT FACE="Times New Roman" SIZE="2">t gains on dispositions of operating properties </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">2,468 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">7,288 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">4,007 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">11,256 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Inc</FONT><FONT FACE="Times New Roman" SIZE="2">ome before minority interests and cumulative effect <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;of change in accounting principle
</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,232 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">21,519 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">48,143 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">53,906 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Mi</FONT><FONT FACE="Times New Roman" SIZE="2">nority interests: </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dis</FONT><FONT FACE="Times New Roman" SIZE="2">tributions on Cumulative Redeemable
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred units </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(3,375</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(3,375</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(10,125</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(10,125</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mi</FONT><FONT FACE="Times New Roman" SIZE="2">nority interest in earnings of Operating
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Partnership </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(1,027</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(2,227</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(3,668</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(5,442</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mi</FONT><FONT FACE="Times New Roman" SIZE="2">nority interest in earnings of Development
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LLCs </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(1,547</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(238</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(2,152</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(279</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To</FONT><FONT FACE="Times New Roman" SIZE="2">tal
minority interests </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(5,949</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(5,840</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(15,945</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(15,846</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Ne</FONT><FONT FACE="Times New Roman" SIZE="2">t income before cumulative effect of change in <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;accounting principle </FONT></DIV> </TD>

<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">9,283 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">15,679 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">32,198 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">38,060 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Cu</FONT><FONT FACE="Times New Roman" SIZE="2">mulative effect of change in accounting principle </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">(1,392</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Ne</FONT><FONT FACE="Times New Roman" SIZE="2">t income </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;9,283 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$15,679 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;30,806 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;38,060 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">We</FONT><FONT FACE="Times New Roman" SIZE="2">ighted average shares outstanding&#151;basic </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27,359 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26,455 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27,080 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26,647 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">We</FONT><FONT FACE="Times New Roman" SIZE="2">ighted average shares outstanding&#151;diluted </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27,587 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26,697 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">27,315 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">26,758 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Inc</FONT><FONT FACE="Times New Roman" SIZE="2">ome per common share&#151;basic </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.34 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.59 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.14 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.43 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">Inc</FONT><FONT FACE="Times New Roman" SIZE="2">ome per common share&#151;diluted </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.34 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.59 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.13 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.42 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="1">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
 </TABLE> </DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV>

 <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>KILROY REALTY CORPORATION </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B><U>FUNDS FROM OPERATIONS</U>
</B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>(unaudited, in thousands, except per share data) </B></FONT></DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%">

<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Three Months <BR>Ended <BR>September 30, <BR>2001 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Three .Months <BR>Ended <BR>September 30, <BR>2000 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Nine Months <BR>Ended <BR>September 30, <BR>2001 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Nine Months <BR>Ended <BR>September 30, <BR>2000 </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">Ne</FONT><FONT FACE="Times New Roman" SIZE="1">t income </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;9,283 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$15,679 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$30,806 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$38,060 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ad</FONT><FONT FACE="Times New Roman" SIZE="1">justments: </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mi</FONT><FONT FACE="Times New Roman" SIZE="1">nority interest in earnings of
Operating Partnership </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">1,027 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">2,227 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">3,668 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">5,442 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;De</FONT><FONT FACE="Times New Roman" SIZE="1">preciation and amortization
</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">12,123 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">9,941 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">37,123 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">28,909 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ne</FONT><FONT FACE="Times New Roman" SIZE="1">t gains on dispositions of operating
properties </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">(2,468</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">(7,288</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">(4,007</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">(11,256</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cu</FONT><FONT FACE="Times New Roman" SIZE="1">mulative effect of change in
accounting principle </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">1,392 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No</FONT><FONT FACE="Times New Roman" SIZE="1">n-cash amortization of restricted
stock grants </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">547 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">508 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">1,643 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">744 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">Fu</FONT><FONT FACE="Times New Roman" SIZE="1">nds From Operations </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$20,512 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$21,067 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$70,625 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$61,899 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">We</FONT><FONT FACE="Times New Roman" SIZE="1">ighted average common shares/units outstanding&#151;basic </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">30,421 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">30,203 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">30,303 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">30,457 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">We</FONT><FONT FACE="Times New Roman" SIZE="1">ighted average common shares/units outstanding&#151;diluted </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">30,648 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">30,444 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">30,538 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">30,568 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">Fu</FONT><FONT FACE="Times New Roman" SIZE="1">nds From Operations per common share/unit&#151; basic </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;0.67 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;0.70 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;2.33 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.03 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">Fu</FONT><FONT FACE="Times New Roman" SIZE="1">nds From Operations per common share/unit&#151;diluted </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;0.67 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;0.69 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;2.31 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.02 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
 </TABLE> </DIV> <DIV ALIGN="left"><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>KILROY REALTY CORPORATION </B></FONT></DIV> <DIV ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B><U>FUNDS AVAILABLE FOR DISTRIBUTION</U> </B></FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>(unaudited, in thousands, except per share data) </B></FONT></DIV> <DIV ALIGN="left"><FONT
SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%">

<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Three Months <BR>Ended <BR>September 30, <BR>2001 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Three Months <BR>Ended <BR>September 30, <BR>2000 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Nine Months <BR>Ended <BR>September 30, <BR>2001 </B></FONT></DIV> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="4" NOWRAP ALIGN="center"> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Nine Months <BR>Ended <BR>September 30, <BR>2000 </B></FONT></DIV> <HR NOSHADE></TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">Fu</FONT><FONT FACE="Times New Roman" SIZE="1">nds From Operations </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$20,512 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$21,067 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$70,625 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$61,899 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ad</FONT><FONT FACE="Times New Roman" SIZE="1">justments: </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Am</FONT><FONT FACE="Times New Roman" SIZE="1">ortization of deferred financing
costs </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">408 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">426 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">1,188 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">1,119 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Te</FONT><FONT FACE="Times New Roman" SIZE="1">nant improvements, leasing
commissions and recurring capital expenditures </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">(2,240</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">(2,462</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">(6,919</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">(5,193</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ne</FONT><FONT FACE="Times New Roman" SIZE="1">t effect of straight-line rents
</FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">(1,927</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">(2,611</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">(4,514</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">(5,668</FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">) </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">Fu</FONT><FONT FACE="Times New Roman" SIZE="1">nds Available for Distribution </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$16,753 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$16,420 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$60,380 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$52,157 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">Fu</FONT><FONT FACE="Times New Roman" SIZE="1">nds Available for Distribution per common share/unit&#151;basic </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;0.55 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;0.54 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;1.99 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;1.71 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD VALIGN="top" NOWRAP> <DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1">Fu</FONT><FONT FACE="Times New Roman" SIZE="1">nds Available for Distribution per common share/unit&#151;diluted </FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;0.55 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;0.54 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;1.98 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD ALIGN="right" VALIGN="bottom" NOWRAP> <DIV ALIGN="right"><FONT FACE="Times New Roman" SIZE="1">$&nbsp;&nbsp;&nbsp;&nbsp;1.71 </FONT></DIV></TD>
<TD NOWRAP VALIGN="Bottom"><DIV ALIGN="left"><FONT FACE="Times New Roman" SIZE="1"></FONT></DIV> </TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
<TR>
<TD HEIGHT="10" NOWRAP> </TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="3%">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" WIDTH="2">&nbsp;</TD>
<TD HEIGHT="10" COLSPAN="2" NOWRAP> <HR SIZE="4" NOSHADE></TD>
<TD VALIGN="bottom" WIDTH="1%">&nbsp;</TD> </TR>
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</TEXT>
</DOCUMENT>
</SUBMISSION>
